Acquisition (Tables)

9 Months Ended

Sep. 30, 2019

Acquisition

Schedule of allocation of total purchase price to assets acquired and liabilities assumed

Assets acquired
Cash, including $300 of pledged collateral	$	4,793
Accounts receivable, net of allowance of $0	$	3,236
Property and equipment	$	5,392
Right-of-use assets	$	13,069
Intangible assets	$	210,280
Other assets	$	2,793
Liabilities assumed
Accounts payable	$	4,308
Accrued and other liabilities	$	4,451
Lease liability	$	13,069
Deferred tax liability	$	9,643
Deferred revenue	$	45
Total net asset or liability purchased and assumed	$	208,047
Purchase price	$	365,977
Excess of fair value of net assets acquired over consideration given	$	157,930

Schedule of pro forma information related to acquisition of Orbis Education

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Net revenue
As Reported	$	193,289	$	155,454	$	565,396	$	667,953
Pro forma	$	193,289	$	171,265	$	568,646	$	712,304
Net income
As Reported	$	58,151	$	33,761	$	182,506	$	153,480
Pro forma	$	58,151	$	29,886	$	171,261	$	130,713