XML 62 R49.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segment and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2021
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, 2019, 2020, and 2021 is presented in the following table:
 201920202021
Revenues   
U.S. Higher Education$963,052 $966,579 $829,270 
Australia/New Zealand— 23,381 250,124 
Education Technology Services34,085 37,693 52,292 
Consolidated revenues$997,137 $1,027,653 $1,131,686 
Income (loss) from operations
U.S. Higher Education$172,889 $193,393 $104,914 
Australia/New Zealand— (13,275)35,855 
Education Technology Services21,233 19,643 21,311 
Amortization of intangible assets(61,667)(64,225)(51,495)
Merger and integration costs(21,923)(13,770)(11,201)
Restructuring costs— (12,382)(25,472)
Consolidated income from operations$110,532 $109,384 $73,912 
The following table presents a schedule of significant non-cash items included in segment income (loss) from operations by reportable segment (in thousands):
 201920202021
Depreciation and amortization   
U.S. Higher Education$41,962 $41,822 $38,178 
Australia/New Zealand— 1,930 10,640 
Education Technology Services831 828 1,067 
Amortization of intangible assets61,667 64,225 51,495 
Merger and integration costs401 — — 
Restructuring costs— 349 2,036 
Consolidated depreciation and amortization$104,861 $109,154 $103,416 
Stock-Based compensation
U.S. Higher Education$11,445 $14,452 $16,926 
Australia/New Zealand— 46 1,359 
Education Technology Services348 112 567 
Merger and integration costs367 — — 
Restructuring costs— — (703)
Consolidated stock-based compensation$12,160 $14,610 $18,149 
Long-lived Assets by Geographic Areas The Company's long-lived assets by geographic area as of December 31, 2020 and 2021 were as follows (in thousands):
 December 31, 2020December 31, 2021
United States$188,343 $156,389 
International91,198 143,787