Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 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 nine months ended September 30, 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	—		8,711		—		8,711
Adjustments to prior acquisitions	—		—		—		—
Balance as of September 30, 2024	$	632,075	$	528,524	$	100,000	$	1,260,599

Schedule of Finite-Lived Intangible Assets

The following table represents the balance of the Company’s intangible assets as of December 31, 2023 and September 30, 2024 (in thousands):

	December 31, 2023						September 30, 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		251,952		—		251,952
Total	$	451,625	$	(200,002)	$	251,623	$	451,954	$	(200,002)	$	251,952

Schedule of Indefinite-Lived Intangible Assets

The following table represents the balance of the Company’s intangible assets as of December 31, 2023 and September 30, 2024 (in thousands):

	December 31, 2023						September 30, 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		251,952		—		251,952
Total	$	451,625	$	(200,002)	$	251,623	$	451,954	$	(200,002)	$	251,952