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Segment Reporting
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Strategic Education is an educational services company that provides access to high-quality education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills for high-demand markets. Strategic Education’s portfolio of companies is dedicated to closing the skills gap by placing adults on the most direct path between learning and employment.
Two of the Company’s operating segments that meet the quantitative thresholds to qualify as reportable segments are the Strayer University and Capella University segments. The Strayer University segment is comprised of Strayer University, including its programs offered through the Jack Welch Management Institute; the Capella University segment consists of Capella University. None of the Company’s other operating segments individually meets the quantitative thresholds to qualify as reportable segments; therefore, these other operating segments are combined and presented below as Non-Degree Programs. The Non-Degree Programs reportable segment is comprised of the DevMountain, Hackbright Academy, and Sophia Learning operations.
Revenue and operating expenses are generally directly attributable to the segments. Inter-segment revenues are not presented separately, as these amounts are immaterial. The Company’s Chief Operating Decision Maker does not evaluate operating segments using asset information.
A summary of financial information by reportable segment (in thousands) for the years ended December 31, 2017, 2018, and 2019 is presented in the following table:
 
2017
 
2018
 
2019
Revenues
 
 
 
 
 
Strayer University
$
449,547

 
$
471,104

 
$
527,032

Capella University
—

 
154,918

 
455,320

Non-Degree Programs
5,304

 
8,163

 
14,785

Consolidated revenues
$
454,851

 
$
634,185

 
$
997,137

Income (loss) from operations
 
 
 
 
 
Strayer University
$
64,801

 
$
68,188

 
$
106,132

Capella University
—

 
6,340

 
88,981

Non-Degree Programs
(8,225
)
 
(5,920
)
 
(991
)
Amortization of intangible assets
—

 
(25,694
)
 
(61,667
)
Merger and integration costs
(11,879
)
 
(45,745
)
 
(21,923
)
Fair value adjustments and impairment of intangible assets
7,512

 
(19,909
)
 
—

Consolidated income (loss) from operations
$
52,209

 
$
(22,740
)
 
$
110,532

The following table presents a schedule of significant non-cash items included in segment income (loss) from operations by reportable segment (in thousands):
 
2017
 
2018
 
2019
Depreciation and amortization
 
 
 
 
 
Strayer University
$
18,268

 
$
19,997

 
$
23,790

Capella University
—

 
7,382

 
18,006

Non-Degree Programs
465

 
741

 
997

Amortization of intangible assets
—

 
25,694

 
61,667

Merger and integration costs
—

 
729

 
401

Consolidated depreciation and amortization
$
18,733

 
$
54,543

 
$
104,861

Stock-Based compensation
 
 
 
 
 
Strayer University
$
11,627

 
$
11,602

 
$
5,611

Capella University
—

 
1,495

 
5,799

Non-Degree Programs
—

 
193

 
383

Merger and integration costs
—

 
2,242

 
367

Consolidated stock-based compensation
$
11,627

 
$
15,532

 
$
12,160