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Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(Unaudited)				(Unaudited)
Revenue:
APUS Segment	$	68,735	$	65,906	$	211,729	$	210,321
RU Segment	61,548		21,132		192,538		21,132
HCN Segment	11,409		11,240		34,436		33,506
Corporate and Other	7,843		(30)		15,187		(156)
Total Revenue	$	149,535	$	98,248	$	453,890	$	264,803
Depreciation and amortization:
APUS Segment	$	1,573	$	2,246	$	4,860	$	7,071
RU Segment	6,015		1,935		18,254		1,935
HCN Segment	248		195		693		524
Corporate and Other	146		10		442		31
Total Depreciation and amortization	$	7,982	$	4,386	$	24,249	$	9,561
Income (loss) from operations before interest and income taxes:
APUS Segment	$	12,532	$	7,825	$	39,338	$	30,969
RU Segment	(7,900)		(999)		(153,562)		(999)
HCN Segment	(1,392)		448		(3,017)		1,348
Corporate and Other	(4,266)		(6,012)		(19,845)		(17,444)
Total (loss) income from operations before interest and income taxes	$	(1,026)	$	1,262	$	(137,086)	$	13,874
Interest income (expense):
APUS Segment	$	69	$	41	$	146	$	171
RU Segment	30		—		38		—
HCN Segment	5		2		10		6
Corporate and Other	(3,698)		(1,348)		(10,533)		(1,344)
Total Interest expense	$	(3,594)	$	(1,305)	$	(10,339)	$	(1,167)
Income tax expense (benefit):
APUS Segment	$	(3,557)	$	2,606	$	11,628	$	9,673
RU Segment	(2,183)		(371)		(38,564)		(371)
HCN Segment	66		250		(816)		494
Corporate and Other	4,814		(2,261)		(7,400)		(6,287)
Total Income tax (benefit) expense	$	(860)	$	224	$	(35,152)	$	3,509
Capital expenditures:
APUS Segment	$	811	$	1,159	$	2,209	$	2,973
RU Segment	1,942		1,259		6,860		1,259
HCN Segment	776		367		1,666		1,581
Corporate and Other	67		—		170		—
Total Capital Expenditures	$	3,596	$	2,785	$	10,905	$	5,813

A summary of the Company’s consolidated assets by reportable segment is as follows (in thousands):