Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in goodwill

The following table presents changes in the carrying value of goodwill by segment for the three months ended March 31, 2021 (in thousands):

	U.S. Higher Education		Australia / New Zealand		Alternative Learning		Total
Balance as of December 31, 2020	$	732,075	$	586,451	$	—	$	1,318,526
Reporting unit reallocation(1)	(100,000)		—		100,000		—
Additions	—		—		—		—
Impairments	—		—		—		—
Currency translation adjustments	—		(7,301)		—		(7,301)
Adjustments to prior acquisitions(2)	—		262		—		262
Balance as of March 31, 2021	$	632,075	$	579,412	$	100,000	$	1,311,487

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(1)Represents the reallocation of goodwill as a result of the Company reorganizing its segments in the first quarter of 2021.

(2)Represents a measurement period adjustment recorded in the first quarter of 2021, as discussed in Note 3.

Schedule of intangible assets

The following table represents the balance of the Company’s intangible assets as of December 31, 2020 and March 31, 2021 (in thousands):

	December 31, 2020						March 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Subject to amortization
Student relationships	$	202,861	$	(135,703)	$	67,158	$	202,477	$	(152,627)	$	49,850
Not subject to amortization
Trade names	259,262		—		259,262		258,340		—		258,340
Total	$	462,123	$	(135,703)	$	326,420	$	460,817	$	(152,627)	$	308,190