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Segment Information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
 
In connection with the Rasmussen Acquisition (as further described in Note 3, “Acquisition Activity”), the Company revised its reportable segments to reflect the manner in which the chief operating decision-maker evaluates performance and allocates resources, and to include RU as a separately reportable segment. Prior to the third quarter of 2021, the Company had two reportable segments: the American Public Education, Inc. Segment, or APEI Segment, and the Hondros College of Nursing Segment, or HCN Segment. Post-acquisition, the Company has three reportable segments: the APUS Segment, which was previously included within the former APEI Segment; the RU Segment; and the HCN Segment. The APEI Segment previously reported the results of both APUS and remaining unallocated Company expenses. GSUSA does not meet the quantitative thresholds to qualify as a reportable segment; therefore, its operational activities are presented below within “Corporate and Other”. Adjustments to reconcile segment results to the Consolidated Financial Statements, including unallocated corporate activity and eliminations, which generally were previously reported within the former APEI Segment, are also included in “Corporate and Other”. Prior periods have been updated to conform to the revised presentation.

In accordance with FASB ASC 280, Segment Reporting, the chief operating decision-maker has been identified as the Company’s Chief Executive Officer. The Company’s Chief Executive Officer reviews operating results to make decisions about allocating resources and assessing performance for the APUS, RU, and HCN Segments.
 
A summary of financial information by reportable segment is as follows (in thousands):    
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(Unaudited)(Unaudited)
Revenue:
APUS Segment$69,904 $66,939 $142,994 $144,415 
RU Segment63,891 — 130,990 — 
HCN Segment11,486 11,134 23,027 22,266 
Corporate and Other4,327 (59)7,344 (126)
Total Revenue$149,608 $78,014 $304,355 $166,555 
Depreciation and amortization:
APUS Segment$1,586 $2,332 $3,287 $4,825 
RU Segment6,160 — 12,239 — 
HCN Segment223 181 445 329 
Corporate and Other150 11 296 21 
Total Depreciation and amortization$8,119 $2,524 $16,267 $5,175 
Income (loss) from operations before interest and income taxes:
APUS Segment$13,624 $9,113 $26,806 $23,144 
RU Segment(146,553)— (145,662)— 
HCN Segment(630)117 (1,625)900 
Corporate and Other(7,701)(7,255)(15,579)(11,432)
Total (loss) income from operations before interest and income taxes$(141,260)$1,975 $(136,060)$12,612 
Interest (expense) income:
APUS Segment$38 $39 $77 $130 
RU Segment5 — 8 — 
HCN Segment3 2 5 4 
Corporate and Other(3,436)(17)(6,835)4
Total Interest (expense) income$(3,390)$24 $(6,745)$138 
Income tax expense (benefit):
APUS Segment$10,511 $3,300 $15,185 $7,067 
RU Segment(36,687)— (36,381)— 
HCN Segment(566)39 (882)244 
Corporate and Other(8,590)(2,693)(12,214)(4,026)
Total Income tax (benefit) expense $(35,332)$646 $(34,292)$3,285 
Capital expenditures:
APUS Segment$957 $843 $1,398 $1,814 
RU Segment2,994 — 4,918 — 
HCN Segment390 657 890 1,214 
Corporate and Other3 — 103 — 
Total Capital Expenditures$4,344 $1,500 $7,309 $3,028 
    

A summary of the Company’s consolidated assets by reportable segment is as follows (in thousands):
As of June 30, 2022As of December 31, 2021
(Unaudited)
Assets:
APUS Segment$126,349 $126,926 
RU Segment319,494 429,299 
HCN Segment50,527 51,936 
Corporate and Other165,698 117,447 
Total Assets$662,068 $725,608