Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Summary of Financial Information by Reportable Segment

A summary of financial information by reportable segment for the years ended December 31, 2020, 2021, and 2022 is presented in the following table (in thousands):

	2020		2021		2022
Revenues
U.S. Higher Education	$	966,579	$	829,270	$	770,979
Australia/New Zealand	23,381		250,124		230,747
Education Technology Services	37,693		52,292		63,754
Consolidated revenues	$	1,027,653	$	1,131,686	$	1,065,480
Income (loss) from operations
U.S. Higher Education	$	193,393	$	104,914	$	38,605
Australia/New Zealand	(13,275)		35,855		30,473
Education Technology Services	19,643		21,311		19,264
Amortization of intangible assets	(64,225)		(51,495)		(14,350)
Merger and integration costs	(13,770)		(11,201)		(1,117)
Restructuring costs	(12,382)		(25,472)		(2,115)
Consolidated income from operations	$	109,384	$	73,912	$	70,760

The following table presents a schedule of significant non-cash items included in segment income (loss) from operations by reportable segment (in thousands):

	2020		2021		2022
Depreciation and amortization
U.S. Higher Education	$	41,822	$	38,178	$	35,863
Australia/New Zealand	1,930		10,640		8,842
Education Technology Services	828		1,067		1,589
Amortization of intangible assets	64,225		51,495		14,350
Restructuring costs	349		2,036		2,480
Consolidated depreciation and amortization	$	109,154	$	103,416	$	63,124
Stock-Based compensation
U.S. Higher Education	$	14,452	$	16,926	$	19,572
Australia/New Zealand	46		1,359		1,073
Education Technology Services	112		567		1,147
Restructuring costs	—		(703)		—
Consolidated stock-based compensation	$	14,610	$	18,149	$	21,792

Long-lived Assets by Geographic Areas

The Company’s long-lived assets by geographic area as of December 31, 2021 and 2022 were as follows (in thousands):

	December 31, 2021		December 31, 2022
United States	$	156,389	$	132,179
International	143,787		125,914