Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Summary of Disaggregation of Revenue from Contracts with Customers

The following table presents the Company’s revenues from contracts with customers disaggregated by material revenue category for the three months ended March 31, 2021 and 2022 (in thousands):

	For the three months ended March 31,
	2021		2022
U.S. Higher Education Segment
Tuition, net of discounts, grants and scholarships	$	217,477	$	187,355
Other(1)	9,070		8,411
Total U.S. Higher Education Segment	226,547		195,766
Australia/New Zealand Segment
Tuition, net of discounts, grants and scholarships	50,222		47,536
Other(1)	1,043		976
Total Australia/New Zealand Segment	51,265		48,512
Education Technology Services Segment(2)	12,524		14,577
Consolidated revenue	$	290,336	$	258,855

_________________________________________

(1)Other revenue is primarily comprised of academic fees, sales of course materials, placement fees and other non-tuition revenue streams.

(2)Education Technology Services revenue is primarily derived from tuition revenue.

Schedule of Graduation Fund liability

The table below presents activity in the contract liability related to the Graduation Fund (in thousands):

	For the three months ended March 31,
	2021		2022
Balance at beginning of period	$	53,314	$	52,024
Revenue deferred	6,516		4,368
Benefit redeemed	(5,421)		(5,182)
Balance at end of period	$	54,409	$	51,210