Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Reconciliation of Changes in Carrying Value of Goodwill

A reconciliation of the changes in the carrying value of goodwill during the years ended December 31, 2023 and 2022 is as follows (dollars in thousands):

	As of December 31,
	2023								2022
	CTU			AIUS		Total			CTU		AIUS		Total
Balance, beginning of year	$	133,133		$	110,407	$	243,540		$	73,728	$	88,851	$	162,579
Business acquisitions (1)		(2,378	)		-		(2,378	)		59,405		21,556		80,961
Balance, end of year	$	130,755		$	110,407	$	241,162		$	133,133	$	110,407	$	243,540

___________________

(1) The negative adjustment for the year ended December 31, 2023 relates to purchase accounting adjustments finalized during the period.

Schedule of Net Book Value of Intangible Assets Other Than Goodwill

As of December 31, 2023 and 2022, the net book value of intangible assets other than goodwill are as follows (dollars in thousands):

	December 31, 2023										December 31, 2022
	Cost		Accumulated Amortization			Accumulated Impairments			Net Book Value		Cost		Accumulated Amortization			Accumulated Impairments			Net Book Value
Amortizable intangible assets:
Course curriculum	$	2,790	$	(1,817	)	$	-		$	973	$	2,790	$	(1,461	)	$	-		$	1,329
Customer relationships		38,090		(15,502	)		(111	)		22,477		38,090		(10,815	)		(111	)		27,164
Developed technology		8,820		(2,490	)		(5,513	)		817		8,820		(1,022	)		(461	)		7,337
Trade names		13,060		(3,803	)		(5,205	)		4,052		13,060		(2,683	)		(543	)		9,834
Net book value, amortizable intangible    assets:	$	62,760	$	(23,612	)	$	(10,829	)	$	28,319	$	62,760	$	(15,981	)	$	(1,115	)	$	45,664
Non-amortizable intangible assets:
Accreditation rights									$	1,000									$	1,000
CTU trade name										6,900										6,900
Non-amortizable intangible assets										7,900										7,900
Intangible assets, net									$	36,219									$	53,564