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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Summary Financial Information by Reporting Segment

Summary financial information by reporting segment is as follows (dollars in thousands):

 

 

 

Revenue

 

 

Operating Income (Loss)

 

 

Depreciation
and
Amortization

 

 

Capital Expenditures

 

 

Total Assets (1)

 

For the Year Ended December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CTU (2)

 

$

419,617

 

 

$

141,622

 

 

$

10,069

 

 

$

3,641

 

 

$

247,510

 

AIUS (3)

 

 

274,479

 

 

 

33,315

 

 

 

9,325

 

 

 

1,069

 

 

 

185,943

 

Corporate and Other (4)

 

 

1,112

 

 

 

(45,300

)

 

 

340

 

 

 

7,910

 

 

 

523,915

 

Total

 

$

695,208

 

 

$

129,637

 

 

$

19,734

 

 

$

12,620

 

 

$

957,368

 

For the Year Ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CTU (2)

 

$

408,549

 

 

$

148,481

 

 

$

7,365

 

 

$

2,949

 

 

$

153,072

 

AIUS (3)

 

 

283,360

 

 

 

39,130

 

 

 

9,068

 

 

 

1,666

 

 

 

151,407

 

Corporate and Other (4)

 

 

1,125

 

 

 

(38,595

)

 

 

333

 

 

 

5,838

 

 

 

542,954

 

Total

 

$

693,034

 

 

$

149,016

 

 

$

16,766

 

 

$

10,453

 

 

$

847,433

 

For the Year Ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CTU

 

$

405,507

 

 

$

138,490

 

 

$

6,165

 

 

$

110

 

 

 

 

AIUS

 

 

281,361

 

 

 

30,822

 

 

 

8,301

 

 

 

1,224

 

 

 

 

Corporate and Other (4)

 

 

446

 

 

 

(26,378

)

 

 

320

 

 

 

8,434

 

 

 

 

Total

 

$

687,314

 

 

$

142,934

 

 

$

14,786

 

 

$

9,768

 

 

 

 

__________________

(1)
Total assets are presented on a consolidated basis and do not include intercompany receivable or payable activity between institutions and corporate and investments in subsidiaries.
(2)
CTU results of operations include the Coding Dojo acquisition commencing on the December 1, 2022 date of acquisition and the Hippo acquisition commencing on the September 10, 2021 date of acquisition.
(3)
AIUS results of operations include the CalSouthern acquisition commencing on the July 1, 2022 date of acquisition and the DigitalCrafts acquisition commencing on the August 2, 2021 date of acquisition.
(4)
Revenue recorded within Corporate and Other relates to miscellaneous non-student related revenue.