Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2021

Revenue From Contract With Customer [Abstract]

Summary of Disaggregation of Revenue by Major Source

	For the Quarter Ended June 30, 2021								For the Quarter Ended June 30, 2020
	CTU		AIU		Corporate and Other⁽³⁾		Total		CTU		AIU		Corporate and Other⁽³⁾		Total
Tuition	$	95,723	$	70,123	$	-	$	165,846	$	94,204	$	73,004	$	-	$	167,208
Technology fees		5,530		2,873		-		8,403		5,162		2,633		-		7,795
Other miscellaneous fees⁽¹⁾		389		166		-		555		323		173		-		496
Total tuition and fees		101,642		73,162		-		174,804		99,689		75,810		-		175,499
Other revenue⁽²⁾		393		61		281		735		504		25		7		536
Total revenue	$	102,035	$	73,223	$	281	$	175,539	$	100,193	$	75,835	$	7	$	176,035

	For the Year to Date Ended June 30, 2021								For the Year to Date Ended June 30, 2020
	CTU		AIU		Corporate and Other⁽³⁾		Total		CTU		AIU		Corporate and Other⁽³⁾		Total
Tuition	$	195,328	$	144,621	$	-	$	339,949	$	191,755	$	137,549	$	-	$	329,304
Technology fees		11,013		5,668		-		16,681		10,282		5,290		-		15,572
Other miscellaneous fees⁽¹⁾		681		324		-		1,005		695		322		-		1,017
Total tuition and fees		207,022		150,613		-		357,635		202,732		143,161		-		345,893
Other revenue⁽²⁾		835		87		620		1,542		1,049		70		17		1,136
Total revenue	$	207,857	$	150,700	$	620	$	359,177	$	203,781	$	143,231	$	17	$	347,029

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(1)

Other miscellaneous fees include student activity fees and graduation fees.

(2)

Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.

(3)

Revenue recorded within Corporate and Other relates to miscellaneous non-student related revenue.

Summary of Deferred Revenue Balances Offset with Contract Assets

The amount of deferred revenue balances which are being offset with contract assets balances as of June 30, 2021 and December 31, 2020 were as follows (dollars in thousands):

	As of
	June 30, 2021			December 31, 2020
Gross deferred revenue	$	121,467		$	85,402
Gross contract assets		(76,253	)		(50,868	)
Deferred revenue, net	$	45,214		$	34,534

Changes in Deferred Revenue Balances

Changes in our deferred revenue balances for the quarters and years to date ended June 30, 2021 and 2020 were as follows (dollars in thousands):

	For the Quarter Ended June 30, 2021									For the Quarter Ended June 30, 2020
	CTU			AIU			Total			CTU			AIU			Total
Gross deferred revenue, April 1	$	25,136		$	32,886		$	58,022		$	27,986		$	28,934		$	56,920
Revenue earned from prior balances		(22,814	)		(26,977	)		(49,791	)		(25,238	)		(22,929	)		(48,167	)
Billings during period⁽¹⁾		155,861			83,904			239,765			99,464			86,343			185,807
Revenue earned for new billings during the period		(78,828	)		(46,185	)		(125,013	)		(74,451	)		(52,881	)		(127,332	)
Other adjustments		(1,537	)		21			(1,516	)		331			258			589
Gross deferred revenue, June 30	$	77,818		$	43,649		$	121,467		$	28,092		$	39,725		$	67,817


	For the Year to Date Ended June 30, 2021									For the Year to Date Ended June 30, 2020
	CTU			AIU			Total			CTU			AIU			Total
Gross deferred revenue, January 1	$	28,522		$	56,880		$	85,402		$	27,845		$	35,359		$	63,204
Business acquisition, beginning balance		-			-			-			-			13,395			13,395
Revenue earned from prior balances		(25,698	)		(44,809	)		(70,507	)		(24,367	)		(39,533	)		(63,900	)
Billings during period⁽¹⁾		257,645			136,465			394,110			202,508			132,991			335,499
Revenue earned for new billings during the period		(181,324	)		(105,804	)		(287,128	)		(178,365	)		(103,628	)		(281,993	)
Other adjustments		(1,327	)		917			(410	)		471			1,141			1,612
Gross deferred revenue, June 30	$	77,818		$	43,649		$	121,467		$	28,092		$	39,725		$	67,817

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Billings during period includes adjustments for prior billings.