Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 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	—		(14,925)		—		(14,925)
Adjustments to prior acquisitions(2)	—		262		—		262
Balance as of June 30, 2021	$	632,075	$	571,788	$	100,000	$	1,303,863

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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 June 30, 2021 (in thousands):

	December 31, 2020						June 30, 2021
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Subject to amortization
Student relationships	$	202,861	$	(135,703)	$	67,158	$	202,145	$	(169,540)	$	32,605
Not subject to amortization
Trade names	259,262		—		259,262		257,380		—		257,380
Total	$	462,123	$	(135,703)	$	326,420	$	459,525	$	(169,540)	$	289,985