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SEGMENT REPORTING
12 Months Ended
Dec. 31, 2021
SEGMENT REPORTING [Abstract]  
SEGMENT REPORTING
15.
SEGMENT REPORTING

We operate our business in two reportable operating segments: (a) the Transportation and Skilled Trades segment; and (b) the Healthcare and Other Professions segment.  Our reportable operating segments have been determined based on a method by which we now evaluate performance and allocate resources.  Each reportable operating 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 Year Ended December 31,
 
   
Revenue
   
Operating Income (Loss)
 
   
2021
   
% of
Total
   
2020
   
% of
Total
   
2021
   
2020
 
Transportation and Skilled Trades
 
$
240,531
     
71.7
%
 
$
207,434
     
70.8
%
 
$
52,055
   
$
34,458
 
Healthcare and Other Professions
   
94,805
     
28.3
%
   
85,661
     
29.2
%
   
11,845
     
11,068
 
Corporate
   
-
     
0.0
%
   
-
     
0.0
%
   
(14,639
)
   
(30,745
)
Total
 
$
335,336
     
100
%
 
$
293,095
     
100
%
 
$
49,261
   
$
14,781
 

   
Total Assets
 
   
December 31, 2021
   
December 31, 2020
 
Transportation and Skilled Trades
 
$
156,531
   
$
133,078
 
Healthcare and Other Professions
   
33,959
     
32,753
 
Corporate
   
104,809
     
79,359
 
Total
 
$
295,299
   
$
245,190