Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2018

Revenue From Contract With Customer [Abstract]

Summary of Disaggregation of Revenue by Major Source

The following tables disaggregate our revenue by major source (dollars in thousands):

	For the Quarter Ended September 30, 2018								For the Year to Date Ended September 30, 2018
	CTU		AIU		All Other Campuses		Total		CTU		AIU		All Other Campuses		Total
Tuition	$	89,121	$	50,349	$	64	$	139,534	$	269,146	$	148,134	$	555	$	417,835
Technology fees		2,823		1,953		-		4,776		8,554		5,577		-		14,131
Other miscellaneous fees⁽¹⁾		426		145		1		572		1,415		335		20		1,770
Total tuition and fees		92,370		52,447		65		144,882		279,115		154,046		575		433,736
Other revenue⁽²⁾		745		57		6		808		1,873		158		24		2,055
Total revenue	$	93,115	$	52,504	$	71	$	145,690	$	280,988	$	154,204	$	599	$	435,791


	For the Quarter Ended September 30, 2017								For the Year to Date Ended September 30, 2017
	CTU		AIU		All Other Campuses		Total		CTU		AIU		All Other Campuses		Total
Tuition	$	87,603	$	48,287	$	3,501	$	139,391	$	265,163	$	144,942	$	25,907	$	436,012
Technology fees		2,751		1,696		-		4,447		8,313		5,151		-		13,464
Other miscellaneous fees⁽¹⁾		466		101		3		570		1,488		306		22		1,816
Total tuition and fees		90,820		50,084		3,504		144,408		274,964		150,399		25,929		451,292
Other revenue⁽²⁾		499		66		13		578		1,594		219		212		2,025
Total revenue	$	91,319	$	50,150	$	3,517	$	144,986	$	276,558	$	150,618	$	26,141	$	453,317

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(1)

Other miscellaneous fees include graduation fees, laboratory fees and activity fees.

(2)

Other revenue primarily includes contract training revenue and bookstore and laptop sales.

Schedule of Previously Reported Balances, Adjustment and Current Reported Balances

The previously reported balances along with the adjustment and beginning January 1, 2018 balances are provided below (dollars in thousands).


	December 31, 2017		Impact of Modified Retrospective Adoption of ASC 606		January 1, 2018 Post ASC 606 Adoption
Student receivables, net of allowance for doubtful accounts, current	$	18,875	$	6,663	$	25,538
Deferred revenue	$	22,897	$	6,663	$	29,560

Summary of Contract Assets Offset with Deferred Revenue Balances

The amount of contract assets which are being offset with deferred revenue balances as of January 1, 2018 and September 30, 2018 were as follows (dollars in thousands):

	As of
	January 1, 2018			September 30, 2018
Gross deferred revenue	$	39,544		$	58,779
Gross contract assets		(9,984	)		(35,791	)
Deferred revenue, net	$	29,560		$	22,988

Changes in Deferred Revenue Balances

Changes in our deferred revenue balances for the quarter and year to date ended September 30, 2018 were as follows (dollars in thousands):

	For the Quarter Ended September 30, 2018
	CTU			AIU			All Other Campuses			Total
Gross deferred revenue, July 1, 2018	$	23,754		$	13,436		$	70		$	37,260
Revenue earned from balances existing as of July 1, 2018		(21,533	)		(11,341	)		(47	)		(32,921	)
Billings during period⁽¹⁾		93,277			73,852			63			167,192
Revenue earned for new billings during the period		(70,837	)		(41,106	)		(18	)		(111,961	)
Other adjustments		(266	)		(500	)		(25	)		(791	)
Gross deferred revenue, September 30, 2018	$	24,395		$	34,341		$	43		$	58,779


	For the Year to Date Ended September 30, 2018
	CTU			AIU			All Other Campuses			Total
Gross deferred revenue, January 1, 2018	$	23,933		$	15,507		$	104		$	39,544
Revenue earned from balances existing as of January 1, 2018		(22,192	)		(14,310	)		(104	)		(36,606	)
Billings during period⁽¹⁾		279,374			173,244			558			453,176
Revenue earned for new billings during the period		(256,923	)		(139,736	)		(471	)		(397,130	)
Other adjustments		203			(364	)		(44	)		(205	)
Gross deferred revenue, September 30, 2018	$	24,395		$	34,341		$	43		$	58,779

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(1)

Billings during period includes adjustments for prior billings.