During the year ended December 31, 2022, the Company completed the CalSouthern and Coding Dojo acquisitions on July 1, 2022 and December 1, 2022, respectively.

Founded in 2013, Coding Dojo offers computer programming and general technology upskilling and reskilling development opportunities supported by its quality technology platform and in-demand courses including software development, data science and cybersecurity. Coding Dojo is reported within the CTU segment.

The final purchase price of $62.7 million for Coding Dojo was allocated to the fair values of acquired tangible and identifiable intangible assets of $77.8 million and assumed liabilities of $15.1 million as of December 1, 2022. The purchase price consisted of an initial cash payment made in December 2022, a subsequent payment made during December 2023 and a final payment to be made in January 2025. Based on our final purchase price allocation, we have recorded goodwill of $57.0 million. Goodwill reflects the revenue growth opportunities following the acquisition. Substantially all of this goodwill balance will not be deductible for income tax reporting purposes.

Founded in 1978, CalSouthern has been educating learners through online educational opportunities, primarily in the areas of behavioral sciences and business management. CalSouthern is reported within the AIUS segment.

The final purchase price of $40.0 million was allocated to the fair values of acquired tangible and identifiable intangible assets of $42.5 million and assumed liabilities of $2.4 million as of July 1, 2022. Based on our final purchase price allocation, we have recorded goodwill of $21.6 million. Goodwill reflects the revenue growth opportunities following the acquisition. We expect substantially all of this goodwill balance to be deductible for income tax reporting purposes.

The following table summarizes the fair values of assets acquired and liabilities assumed as of respective acquisition dates (dollars in thousands):


	Coding Dojo		CalSouthern
	December 1, 2022		July 1, 2022
Assets:
Student receivables, net	$	5,171	$	3,214
Prepaid and other assets		408		290
Property, equipment and ROU assets		1,121		-
Intangible assets subject to amortization
Trade name		5,100		1,480
Customer relationships		1,260		14,530
Course curriculum		-		1,390
Developed technology		6,030		-
Deferred tax asset, net		1,731		-
Goodwill		57,027		21,556
Total assets acquired	$	77,848	$	42,460
Liabilities:
Accounts payable and other accrued liabilities	$	2,664	$	4
Deferred revenue		12,451		2,419
Total liabilities assumed	$	15,115	$	2,423

Net assets acquired	$	62,733	$	40,037

Pro forma financial information relating to the Coding Dojo and CalSouthern acquisitions is not presented because the acquisitions are not material to the Company.