Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Summary of financial information by reportable segment

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

	Year Ended December 31,
	2019		2020		2021
Revenue
APUS Segment	$	257,050	$	285,938	$	283,700
RU Segment	—		—		89,483
HCN Segment	29,479		36,091		45,803
Corporate and Other	(259)		(244)		(183)
Total Revenue	$	286,270	$	321,785	$	418,803
Depreciation and Amortization
APUS Segment	$	14,617	$	12,323	$	9,064
RU Segment	—		—		7,989
HCN Segment	937		620		738
Corporate and Other	42		41		$	41
Total Depreciation and Amortization	$	15,596	$	12,984	$	17,832
Income (loss) from operations before interest and income taxes
APUS Segment	$	37,225	$	43,438	$	51,050
RU Segment	—		—		1,630
HCN Segment	(10,768)		722		1,829
Corporate and Other	(13,701)		(19,403)		(24,138)
Total income from operations before interest and income taxes	$	12,756	$	24,757	$	30,371
Interest income (expense)
APUS Segment	$	473	$	303	$	210
RU Segment	—		—		132
HCN Segment	42		17		9
Corporate and Other	3,393		772		(4,628)
Total Interest income (expense)	$	3,908	$	1,092	$	(4,277)
Income Tax Expense (Benefit)
APUS Segment	$	10,312	$	11,127	$	14,023
RU Segment	—		—		509
HCN Segment	(2,567)		193		522
Corporate and Other	(2,558)		(4,300)		(7,543)
Total Income Tax Expense	$	5,187	$	7,020	$	7,511
Capital Expenditures
APUS Segment	$	6,472	$	4,724	$	3,902
RU Segment	—		—		5,987
HCN Segment	776		202		1,939
Corporate and Other	7		—		—
Total Capital Expenditures	$	7,255	$	4,926	$	11,828

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 December 31,
	2020		2021
Assets
APUS Segment	$	112,461	$	126,926
RU Segment	—		429,299
HCN Segment	48,474		51,936
Corporate and Other	210,083		117,447
Total Assets	$	371,018	$	725,608