SEGMENTS

6 Months Ended

Jun. 30, 2022

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 June 30,
	Revenue										Operating income
	2022		% of Total			2021		% of Total			2022			2021
Transportation and Skilled Trades	$	57,973		70.6	%	$	56,965		70.8	%	$	7,094		$	11,256
Healthcare and Other Professions		24,169		29.4	%		23,499		29.2	%		1,609			2,962
Corporate		-					-					(8,307	)		(10,766	)
Total	$	82,142		100.0	%	$	80,464		100.0	%	$	396		$	3,452

	For the Six Months Ended June 30,
	Revenue										Operating Income
	2022		% of Total			2021		% of Total			2022			2021
Transportation and Skilled Trades	$	116,758		70.9	%	$	112,636		71.1	%	$	14,340		$	23,581
Healthcare and Other Professions		47,939		29.1	%		45,825		28.9	%		2,916			5,911
Corporate		-					-					(17,186	)		(20,020	)
Total	$	164,697		100.0	%	$	158,461		100.0	%	$	70		$	9,472

	Total Assets
	June 30, 2022		December 31, 2021
Transportation and Skilled Trades	$	151,086	$	156,531
Healthcare and Other Professions		36,785		33,959
Corporate		97,545		104,809
Total	$	285,416	$	295,299