Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Summary of financial information by reportable segment

A summary of financial information by reportable segment is as follows (in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2019			2018		2019			2018
	(Unaudited)					(Unaudited)
Revenue:
American Public Education Segment	$	61,217		$	63,849	$	190,386		$	193,209
Hondros College of Nursing Segment	6,696			9,143		21,584			27,548
Intersegment elimination	(25		)	—		(81		)	—
Total Revenue	$	67,888		$	72,992	$	211,889		$	220,757
Depreciation and amortization:
American Public Education Segment	$	3,525		$	3,970	$	10,995		$	12,126
Hondros College of Nursing Segment	239			319		763			1,032
Total Depreciation and amortization	$	3,764		$	4,289	$	11,758		$	13,158
(Loss) income from operations before interest income and income taxes:
American Public Education Segment	$	247		$	6,233	$	14,358		$	18,532
Hondros College of Nursing Segment	(3,158		)	651		(10,214		)	2,562
Intersegment elimination	(2		)	—		3			—
Total (Loss) income from operations before interest income and income taxes	$	(2,913	)	$	6,884	$	4,147		$	21,094
Interest income, net:
American Public Education Segment	$	1,006		$	759	$	3,176		$	1,889
Hondros College of Nursing Segment	13			15		31			39
Total Interest income, net	$	1,019		$	774	$	3,207		$	1,928
Income tax (benefit) expense:
American Public Education Segment	$	1,368		$	1,633	$	5,166		$	5,320
Hondros College of Nursing Segment	(1,607		)	215		(3,570		)	673
Total Income tax (benefit) expense	$	(239	)	$	1,848	$	1,596		$	5,993
Capital expenditures:
American Public Education Segment	$	1,034		$	1,396	$	3,608		$	5,026
Hondros College of Nursing Segment	160			153		543			323
Total Capital expenditures	$	1,194		$	1,549	$	4,151		$	5,349

Summary of consolidated assets by reportable segment

A summary of the Company’s consolidated assets by reportable segment is as follows (in thousands):

	As of September 30, 2019		As of December 31, 2018
	(Unaudited)
Assets:
American Public Education Segment	$	308,320	$	322,523
Hondros College of Nursing Segment	52,786		48,435
Total Assets	$	361,106	$	370,958