Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2022 and 2023 (in thousands):

	For the three months ended June 30,				For the six months ended June 30,
	2022		2023		2022		2023
U.S. Higher Education Segment
Tuition, net of discounts, grants and scholarships	$	181,374	$	195,144	$	368,729	$	383,924
Other(1)	8,652		7,535		17,063		15,650
Total U.S. Higher Education Segment	190,026		202,679		385,792		399,574
Australia/New Zealand Segment
Tuition, net of discounts, grants and scholarships	65,847		63,766		113,383		104,188
Other(1)	1,696		1,706		2,672		2,787
Total Australia/New Zealand Segment	67,543		65,472		116,055		106,975
Education Technology Services Segment(2)	15,995		19,529		30,572		37,737
Consolidated revenue	$	273,564	$	287,680	$	532,419	$	544,286

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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 six months ended June 30,
	2022		2023
Balance at beginning of period	$	52,024	$	46,842
Revenue deferred	8,774		9,875
Benefit redeemed	(10,656)		(11,391)
Balance at end of period	$	50,142	$	45,326