Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

The following table represents the balance of the Company’s intangible assets as of September 30, 2022 (in thousands):

	Gross Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount
	(Unaudited)
Finite-lived intangible assets
Student roster	$	20,000	$	10,833	$	—	$	9,167
Curricula	14,563		5,500		—		9,063
Student and customer contracts and relationships	4,614		4,093		—		521
Lead conversions	1,500		813		—		687
Non-compete agreements	86		86		—		—
Tradename	35		26		—		9
Accreditation and licenses	28		9		—		19
Total finite-lived intangible assets	$	40,826	$	21,360	$	—	$	19,466
Indefinite-lived intangible assets
Trade name	28,498		—		—		28,498
Accreditation, licensing, and Title IV	26,186		—		13,500		12,686
Affiliation agreements	37		—		—		37
Total indefinite-lived intangible assets	54,721		—		13,500		41,221
Total intangible assets	$	95,547	$	21,360	$	13,500	$	60,687

The following table represents the balance of the Company’s intangible assets as of December 31, 2021 (in thousands):

	Gross Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount
Finite-lived intangible assets
Student roster	$	20,000	$	3,333	$	—	$	16,667
Curricula	14,405		1,961		—		12,444
Student contracts and relationships	3,870		3,870		—		—
Lead conversions	1,500		250		—		1,250
Non-compete agreements	86		86		—		—
Total finite-lived intangible assets	$	39,861	$	9,500	$	—	$	30,361
Indefinite-lived intangible assets
Trade name	28,498		—		—		28,498
Accreditation, licensing, and Title IV	26,186		—		—		26,186
Affiliation agreements	37		—		—		37
Total indefinite-lived intangible assets	54,721		—		—		54,721
Total intangible assets	$	94,582	$	9,500	$	—	$	85,082

Schedule of Goodwill

The following table summarizes the changes in the carrying amount of goodwill by reportable segment as of December 31, 2021 and September 30, 2022 (in thousands):

	APUS Segment		RU Segment		HCN Segment		Total Goodwill
	(Unaudited)
Goodwill as of December 31, 2021	$	—	$	216,923	$	26,563	$	243,486
Goodwill acquired	—		—		—		—
Impairment	—		(131,400)		—		(131,400)
Adjustments	—		507		—		507
Goodwill as of September 30, 2022	$	—	$	86,030	$	26,563	$	112,593