Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

Summary of financial information by reportable segment

A summary of financial information by reportable segment for the three and nine months ended September 30, 2019 and 2020 is presented in the following table (in thousands):


	For the three months ended September 30,				For the nine months ended September 30,
	2019		2020		2019		2020
Revenues
Strayer University	$	129,993	$	128,411	$	392,466	$	412,145
Capella University	111,754		110,615		340,899		348,014
Consolidated revenues	$	241,747	$	239,026	$	733,365	$	760,159
Income from operations
Strayer University	$	17,993	$	22,809	$	66,229	$	95,225
Capella University	18,924		14,974		65,039		68,684
Amortization of intangible assets	(15,417)		(15,417)		(46,251)		(46,251)
Merger and integration costs	(1,500)		(2,920)		(11,698)		(7,858)
Restructuring costs	—		(4,024)		—		(4,024)
Consolidated income from operations	$	20,000	$	15,422	$	73,319	$	105,776