Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill

The following table presents changes in the carrying value of goodwill by segment for the three months ended March 31, 2024 (in thousands):

	U.S. Higher Education		Australia / New Zealand		Education Technology Services		Total
Balance as of December 31, 2023	$	632,075	$	519,813	$	100,000	$	1,251,888
Additions	—		—		—		—
Impairments	—		—		—		—
Currency translation adjustments	—		(22,006)		—		(22,006)
Adjustments to prior acquisitions	—		—		—		—
Balance as of March 31, 2024	$	632,075	$	497,807	$	100,000	$	1,229,882

Schedule of Finite-Lived Intangible Assets

The following table represents the balance of the Company’s intangible assets as of December 31, 2023 and March 31, 2024 (in thousands):

	December 31, 2023						March 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Subject to amortization
Student relationships	$	200,002	$	(200,002)	$	—	$	200,002	$	(200,002)	$	—
Not subject to amortization
Trade names	251,623		—		251,623		248,855		—		248,855
Total	$	451,625	$	(200,002)	$	251,623	$	448,857	$	(200,002)	$	248,855

Schedule of Indefinite-Lived Intangible Assets

The following table represents the balance of the Company’s intangible assets as of December 31, 2023 and March 31, 2024 (in thousands):

	December 31, 2023						March 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Subject to amortization
Student relationships	$	200,002	$	(200,002)	$	—	$	200,002	$	(200,002)	$	—
Not subject to amortization
Trade names	251,623		—		251,623		248,855		—		248,855
Total	$	451,625	$	(200,002)	$	251,623	$	448,857	$	(200,002)	$	248,855