Receivables and Contract Liabilities (Tables)

6 Months Ended

Jun. 30, 2022

Receivables And Contract Liabilities Disclosure [Abstract]

Schedule of receivables

The following table presents the Company’s trade accounts receivable in each segment as of each of the dates indicated.

	June 30, 2022		December 31, 2021
	(in thousands)
Degree Program Segment accounts receivable	$	21,177	$	31,762
Degree Program Segment unbilled revenue	19,048		4,440
Alternative Credential Segment accounts receivable	44,221		42,771
Total	84,446		78,973
Less: Provision for credit losses	(14,602)		(11,686)
Trade accounts receivable, net	$	69,844	$	67,287

The following table presents the components of the Company’s other receivables, net, as of each of the dates indicated.

	June 30, 2022		December 31, 2021
	(in thousands)
Other receivables, amortized cost	$	54,919	$	52,428
Less: Provision for credit losses	(2,697)		(1,421)
Other receivables, net	$	52,222	$	51,007
Other receivables, net, current	$	30,938	$	29,439
Other receivables, net, non-current	$	21,284	$	21,568

Schedule of accounts receivable, allowance for credit loss

The following table presents the change in provision for credit losses for trade accounts receivable on the Company’s condensed consolidated balance sheets for the period indicated.

	Provision for Credit Losses
	(in thousands)
Balance as of December 31, 2021	$	11,686
Current period provision	3,334
Foreign currency translation adjustments	(16)
Other	(402)
Balance as of June 30, 2022	$	14,602

Schedule of other receivable, allowance for credit loss

The following table presents the change in provision for credit losses for other receivables on the Company’s condensed consolidated balance sheets for the period indicated.

	Provision for Credit Losses
	(in thousands)
Balance as of December 31, 2021	$	1,421
Current period provision	1,276
Balance as of June 30, 2022	$	2,697

Other receivable credit quality indicators

The following tables present other receivables, at amortized cost including interest accretion, by credit quality indicator and year of origination, as of the dates indicated.

	June 30, 2022
	Year of Origination
	2022		2021		2020		2019		2018		Total
	(in thousands)
Credit Quality Tier
High	$	12,263	$	7,760	$	64	$	21	$	115	$	20,223
Mid	12,122		7,457		910		1,345		392		22,226
Low	4,557		4,239		1,429		1,915		330		12,470
Total	$	28,942	$	19,456	$	2,403	$	3,281	$	837	$	54,919

	December 31, 2021
	Year of Origination
	2021		2020		2019		2018		Total
	(in thousands)
Credit Quality Tier
High	$	18,466	$	1,635	$	24	$	115	$	20,240
Mid	14,352		2,992		1,312		392		19,048
Low	8,135		2,802		1,873		330		13,140
Total	$	40,953	$	7,429	$	3,209	$	837	$	52,428

Contract liabilities by segment

The following table presents the Company’s contract liabilities in each segment as of each of the dates indicated.

	June 30, 2022		December 31, 2021
	(in thousands)
Degree Program Segment deferred revenue	$	38,303	$	3,462
Alternative Credential Segment deferred revenue	94,169		88,464
Total contract liabilities	$	132,472	$	91,926