Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2023

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, 2022 and 2023 (in thousands):

	For the three months ended March 31,
	2022		2023
U.S. Higher Education Segment
Tuition, net of discounts, grants and scholarships	$	187,355	$	188,780
Other(1)	8,411		8,115
Total U.S. Higher Education Segment	195,766		196,895
Australia/New Zealand Segment
Tuition, net of discounts, grants and scholarships	47,536		40,422
Other(1)	976		1,081
Total Australia/New Zealand Segment	48,512		41,503
Education Technology Services Segment(2)	14,577		18,208
Consolidated revenue	$	258,855	$	256,606

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(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,
	2022		2023
Balance at beginning of period	$	52,024	$	46,842
Revenue deferred	4,368		4,652
Benefit redeemed	(5,182)		(5,574)
Balance at end of period	$	51,210	$	45,920