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Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(Unaudited)				(Unaudited)
Revenue:
APUS Segment	$	69,904	$	66,939	$	142,994	$	144,415
RU Segment	63,891		—		130,990		—
HCN Segment	11,486		11,134		23,027		22,266
Corporate and Other	4,327		(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 Segment	6,160		—		12,239		—
HCN Segment	223		181		445		329
Corporate and Other	150		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 Segment	5		—		8		—
HCN Segment	3		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 Segment	2,994		—		4,918		—
HCN Segment	390		657		890		1,214
Corporate and Other	3		—		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):