Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2020

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, 2018, 2019, and 2020 is presented in the following table:

	2018		2019		2020
Revenues
Strayer University	$	477,839	$	536,969	$	537,633
Capella University	156,346		460,168		466,639
Australia/New Zealand	—		—		23,381
Consolidated revenues	$	634,185	$	997,137	$	1,027,653
Income (loss) from operations
Strayer University	$	62,294	$	103,409	$	120,398
Capella University	6,314		90,713		92,638
Australia/New Zealand	—		—		(13,275)
Amortization of intangible assets	(25,694)		(61,667)		(64,225)
Merger and integration costs	(45,745)		(21,923)		(13,770)
Restructuring costs	—		—		(12,382)
Impairment of intangible assets	(19,909)		—		—
Consolidated income (loss) from operations	$	(22,740)	$	110,532	$	109,384

The following table presents a schedule of significant non-cash items included in segment income (loss) from operations by reportable segment (in thousands):

	2018		2019		2020
Depreciation and amortization
Strayer University	$	20,427	$	23,956	$	24,570
Capella University	7,693		18,837		18,080
Australia/New Zealand	—		—		1,930
Amortization of intangible assets	25,694		61,667		64,225
Merger and integration costs	729		401		—
Restructuring costs	—		—		349
Consolidated depreciation and amortization	$	54,543	$	104,861	$	109,154
Stock-Based compensation
Strayer University	$	11,720	$	5,970	$	7,292
Capella University	1,570		5,823		7,272
Australia/New Zealand	—		—		46
Merger and integration costs	2,242		367		—
Consolidated stock-based compensation	$	15,532	$	12,160	$	14,610

Long-lived Assets by Geographic Areas

The Company's long-lived assets by geographic area as of December 31, 2019 and 2020 were as follows (in thousands):

	December 31, 2019		December 31, 2020
United States	$	201,807	$	188,343
International	—		91,198