Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Summary of Financial Information by Reportable Segment

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