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Segment and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable 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 
Schedule of Revenue by Geographic Areas
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 
Schedule of Long-lived Assets by Geographic Areas 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