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Segment and Geographic Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
Strategic Education is an educational services company that provides access to high-quality education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills for high-demand markets. Strategic Education’s portfolio of companies is dedicated to closing the skills gap by placing adults on the most direct path between learning and employment. The Company’s organizational structure includes three operating and reportable segments: U.S. Higher Education, Education Technology Services, and Australia/New Zealand.
The USHE segment provides flexible and affordable certificate and degree programs to working adults primarily through Capella University and Strayer University, including the Jack Welch Management Institute MBA, which is a unit of Strayer University. USHE also operates non-degree web and mobile application development courses through Hackbright Academy and Devmountain, which are units of Strayer University.
The Education Technology Services segment primarily develops and maintains relationships with employers to build employee education benefits programs that provide employees access to affordable and industry-relevant training, certificate, and degree programs. The employer relationships developed by the Education Technology Services segment are an important source of student enrollment for Capella University and Strayer University, and a significant portion of the revenue attributed to the Education Technology Services segment is driven by the volume of enrollment derived from these employer relationships. Education Technology Services also supports employer partners through Workforce Edge, a platform which provides employers a full-service education benefits administration solution, and Sophia Learning, which offers low-cost online general education-level courses recommended by the American Council on Education for credit at other colleges and universities.
The Australia/New Zealand segment is comprised of Torrens University, Think Education and Media Design School in Australia and New Zealand, which collectively offer certificate and degree programs in business, design, education, hospitality, healthcare, and technology through campuses in Australia, New Zealand, and online.
The Company’s Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer.
Revenue and operating expenses are generally directly attributable to the segments. Inter-segment revenues are not presented separately, as these amounts are immaterial. The Company’s CODM does not evaluate operating segments using asset information. The Company’s CODM assesses the segments’ performance by using each segment’s income from operations, which includes certain enterprise shared services allocations attributable to each of the segments. The Company’s CODM uses income from operations for each segment in the annual budget and forecasting process. On a monthly basis, the CODM reviews budget-to-actual, latest forecast-to-actual, and year-over-year actual variances when reviewing segment performance and making decisions about the allocation of resources to each segment.
A summary of financial information by reportable segment for the year ended December 31, 2022 is presented in the following table (in thousands):
 U.S. Higher EducationAustralia/New ZealandEducation Technology ServicesTotal
Revenues$770,979 $230,747 $63,754 $1,065,480 
Segment expenses
Direct segment expenses676,895 177,657 40,876 895,428 
Enterprise shared services allocation55,479 22,617 3,614 81,710 
Segment income from operations$38,605 $30,473 $19,264 $88,342 
Unallocated expenses
Amortization of intangible assets(14,350)
Merger and integration costs(1,117)
Restructuring costs(2,115)
Consolidated income from operations$70,760 
Other expense(1,191)
Consolidated income before income taxes$69,569 
A summary of financial information by reportable segment for the year ended December 31, 2023 is presented in the following table (in thousands):
 U.S. Higher EducationAustralia/New ZealandEducation Technology ServicesTotal
Revenues$818,953 $233,518 $80,453 $1,132,924 
Segment expenses
Direct segment expenses703,035 178,922 47,283 929,240 
Enterprise shared services allocation56,290 18,734 4,082 79,106 
Segment income from operations$59,628 $35,862 $29,088 $124,578 
Unallocated expenses
Amortization of intangible assets(11,457)
Merger and integration costs(1,544)
Restructuring costs(16,256)
Consolidated income from operations$95,321 
Other income5,405 
Consolidated income before income taxes$100,726 
A summary of financial information by reportable segment for the year ended December 31, 2024 is presented in the following table (in thousands):
 U.S. Higher EducationAustralia/New ZealandEducation Technology ServicesTotal
Revenues$857,890 $257,119 $104,921 $1,219,930 
Segment expenses
Direct segment expenses719,214 200,776 57,910 977,900 
Enterprise shared services allocation61,511 18,949 4,294 84,754 
Segment income from operations$77,165 $37,394 $42,717 $157,276 
Unallocated expenses
Amortization of intangible assets— 
Merger and integration costs— 
Restructuring costs(1,648)
Consolidated income from operations$155,628 
Other income5,804 
Consolidated income before income taxes$161,432 
The following table presents a schedule of significant non-cash items included in segment income from operations by reportable segment for the years ended December 31, 2022, 2023, and 2024 (in thousands):
 202220232024
Depreciation and amortization   
U.S. Higher Education$35,863 $33,655 $31,663 
Australia/New Zealand8,842 8,954 9,065 
Education Technology Services1,589 2,526 3,468 
Amortization of intangible assets14,350 11,457 — 
Merger and integration costs— 336 — 
Restructuring costs2,480 385 182 
Consolidated depreciation and amortization$63,124 $57,313 $44,378 
Stock-based compensation
U.S. Higher Education$19,572 $17,653 $19,337 
Australia/New Zealand1,073 (117)3,951 
Education Technology Services1,147 1,729 1,940 
Restructuring costs— 507 343 
Consolidated stock-based compensation$21,792 $19,772 $25,571 
Geographic Information
The Company’s revenues by geographic area, which are primarily generated by students enrolled at institutions in those areas, for the years ended December 31, 2022, 2023, and 2024 were as follows (in thousands):
 202220232024
United States$834,733 $899,406 $962,811 
Australia/New Zealand230,747 233,518 257,119 
The Company’s long-lived assets are comprised of Property and equipment, net and Right-of-use lease assets. The Company’s long-lived assets by geographic area as of December 31, 2023 and 2024 were as follows (in thousands):
 December 31, 2023December 31, 2024
United States$115,453 $108,418 
Australia/New Zealand122,278 106,502