SEGMENTS

9 Months Ended

Sep. 30, 2021

SEGMENTS [Abstract]

SEGMENTS

10. SEGMENTS

We operate our business in two reportable segments: (a) the Transportation and Skilled Trades segment; and (b) the Healthcare and Other Professions segment.  Our reportable segments have been determined based on a method by which we now evaluate performance and allocate resources.  Each reportable segment represents a group of post-secondary education providers that offer a variety of degree and non-degree academic programs.  These segments are organized by key market segments to enhance operational alignment within each segment to more effectively execute our strategic plan.  Each of the Company’s schools is a reporting unit and an operating segment.  Our operating segments are described below.

Transportation and Skilled Trades – The Transportation and Skilled Trades segment offers academic programs mainly in the career-oriented disciplines of transportation and skilled trades (e.g. automotive, diesel, HVAC, welding and manufacturing).

Healthcare and Other Professions – The Healthcare and Other Professions segment offers academic programs in the career-oriented disciplines of health sciences, hospitality and business and information technology (e.g. dental assistant, medical assistant, practical nursing, culinary arts and cosmetology).

The Company also utilizes the Transitional segment on a limited basis solely when and if it closes a school.

We evaluate segment performance based on operating results.  Adjustments to reconcile segment results to consolidated results are included under the caption “Corporate,” which primarily includes unallocated corporate activity.

Summary financial information by reporting segment is as follows:

	For the Three Months Ended September 30,
	Revenue										Operating Income (Loss)
	2021		% of Total			2020		% of Total			2021			2020
Transportation and Skilled Trades	$	64,950		72.9	%	$	56,828		72.1	%	$	11,842		$	9,138
Healthcare and Other Professions		24,109		27.1	%		21,964		27.9	%		1,833			1,654
Corporate		-					-					(7,930	)		(6,952	)
Total	$	89,059		100.0	%	$	78,792		100.0	%	$	5,745		$	3,840

	For the Nine Months Ended September 30,
	Revenue										Operating Income (Loss)
	2021		% of Total			2020		% of Total			2021			2020
Transportation and Skilled Trades	$	177,586		71.7	%	$	148,799		70.4	%	$	35,423		$	18,848
Healthcare and Other Professions		69,934		28.3	%		62,504		29.6	%		7,743			6,388
Corporate		-					-					(27,949	)		(21,581	)
Total	$	247,520		100.0	%	$	211,303		100.0	%	$	15,217		$	3,655

	Total Assets
	September 30, 2021		December 31, 2020
Transportation and Skilled Trades	$	132,948	$	133,078
Healthcare and Other Professions		33,516		32,753
Corporate		86,992		79,359
Total	$	253,456	$	245,190