Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31,
	2020			2019
	(Unaudited)
Revenue:
American Public Education Segment	$	67,094		$	65,721
Hondros College of Nursing Segment	7,539			7,747
Intersegment elimination	(17		)	(27		)
Total Revenue	$	74,616		$	73,441
Depreciation and amortization:
American Public Education Segment	$	3,194		$	3,782
Hondros College of Nursing Segment	144			269
Total Depreciation and amortization	$	3,338		$	4,051
Income (loss) from operations before interest income and income taxes:
American Public Education Segment	$	3,577		$	7,522
Hondros College of Nursing Segment	(885		)	(6,146		)
Intersegment elimination	1			6
Total income from operations before interest income and income taxes	$	2,693		$	1,382
Interest income, net:
American Public Education Segment	$	690		$	1,047
Hondros College of Nursing Segment	12			6
Total Interest income, net	$	702		$	1,053
Income tax expense (benefit):
American Public Education Segment	$	1,215		$	1,666
Hondros College of Nursing Segment	(241		)	(1,729		)
Total Income tax expense (benefit)	$	974		$	(63	)
Capital expenditures:
American Public Education Segment	$	1,745		$	1,345
Hondros College of Nursing Segment	124			240
Total Capital expenditures	$	1,869		$	1,585

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 March 31, 2020		As of December 31, 2019
	(Unaudited)
Assets:
American Public Education Segment	$	295,844	$	305,896
Hondros College of Nursing Segment	49,415		49,001
Total Assets	$	345,259	$	354,897