SEGMENTS

9 Months Ended

Sep. 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 September 30,
	Revenue										Operating income (Loss)
	2022		% of Total			2021		% of Total			2022			2021
Transportation and Skilled Trades	$	67,329		73.3	%	$	64,950		72.9	%	$	11,768		$	11,842
Healthcare and Other Professions		24,484		26.7	%		24,109		27.1	%		1,180			1,833
Corporate		-					-					(8,068	)		(7,930	)
Total	$	91,813		100.0	%	$	89,059		100.0	%	$	4,880		$	5,745

	For the Nine Months Ended September 30,
	Revenue										Operating income (Loss)
	2022		% of Total			2021		% of Total			2022			2021
Transportation and Skilled Trades	$	184,087		71.8	%	$	177,586		71.7	%	$	26,108		$	35,423
Healthcare and Other Professions		72,423		28.2	%		69,934		28.3	%		4,095			7,743
Corporate		-					-					(25,252	)		(27,949	)
Total	$	256,510		100.0	%	$	247,520		100.0	%	$	4,951		$	15,217

	Total Assets
	September 30, 2022		December 31, 2021
Transportation and Skilled Trades	$	150,715	$	156,531
Healthcare and Other Professions		36,263		33,959
Corporate		104,298		104,809
Total	$	291,276	$	295,299