Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2021 and 2022 (in thousands):

	For the three months ended September 30,				For the nine months ended September 30,
	2021		2022		2021		2022
U.S. Higher Education Segment
Tuition, net of discounts, grants and scholarships	$	184,126	$	177,678	$	605,036	$	546,407
Other(1)	7,767		7,821		25,611		24,884
Total U.S. Higher Education Segment	191,893		185,499		630,647		571,291
Australia/New Zealand Segment
Tuition, net of discounts, grants and scholarships	64,456		60,238		187,018		173,621
Other(1)	768		939		3,531		3,611
Total Australia/New Zealand Segment	65,224		61,177		190,549		177,232
Education Technology Services Segment(2)	12,961		16,447		38,391		47,019
Consolidated revenue	$	270,078	$	263,123	$	859,587	$	795,542

_________________________________________

(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 nine months ended September 30,
	2021		2022
Balance at beginning of period	$	53,314	$	52,024
Revenue deferred	15,005		12,647
Benefit redeemed	(16,733)		(16,295)
Balance at end of period	$	51,586	$	48,376