Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting

Summary of financial information by reportable segment

A summary of financial information by reportable segment (in thousands) for the three and nine months ended September 30, 2017 and 2018 is presented in the following table.

	For the three months ended				For the nine months ended
	September 30,				September 30,
	2017		2018		2017		2018
Revenues
Strayer	$	107,321	$	114,471	$	332,094	$	343,644
Capella		—		43,792		—		43,792
Non-Degree Programs		1,191		2,682		4,050		4,646
Consolidated Revenues	$	108,512	$	160,945	$	336,144	$	392,082
Income (loss) from operations
Strayer	$	8,069	$	11,904	$	43,072	$	44,215
Capella		—		(14,326)		—		(14,326)
Non-Degree Programs		(1,949)		(1,688)		(6,649)		(4,131)
Amortization of intangible assets		—		(10,278)		—		(10,278)
Merger costs		(3,414)		(29,620)		(3,414)		(37,791)
Fair value adjustments and impairment of intangible assets		5,518		(13,119)		7,512		(19,304)
Consolidated income (loss) from operations	$	8,224	$	(57,127)	$	40,521	$	(41,615)