XML 42 R30.htm IDEA: XBRL DOCUMENT

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Summary Financial Information by Reporting Segment

Summary financial information by reporting segment is as follows (dollars in thousands):

		For the Quarter Ended September 30,

		Revenue																Operating Income (Loss)
		2020				% of Total				2019				% of Total				2020				2019
CTU		$	98,985				58.5	%		$	96,038				62.0	%		$	32,993			$	29,926
AIU ⁽¹⁾			70,048				41.4	%			58,907				38.0	%			5,513				7,341
Total University Group			169,033				99.9	%			154,945				100.0	%			38,506				37,267
Corporate and Other ⁽²⁾			93			NM					14			NM					(6,432	)			(12,973	)
Total		$	169,126				100.0	%		$	154,959				100.0	%		$	32,074			$	24,294

		For the Year to Date Ended September 30,
		Revenue																Operating Income (Loss)
		2020				% of Total				2019				% of Total				2020				2019
CTU ⁽³⁾		$	302,766				58.7	%		$	289,650				61.7	%		$	100,688			$	71,730
AIU ^{(1) (4)}			213,279				41.3	%			179,559				38.3	%			25,365				11,436
Total University Group			516,045				100.0	%			469,209				100.0	%			126,053				83,166
Corporate and Other ⁽²⁾			110			NM					44				0.0	%			(19,308	)			(28,717	)
Total		$	516,155				100.0	%		$	469,253				100.0	%		$	106,745			$	54,449

		Total Assets as of⁽⁵⁾
		September 30, 2020				December 31, 2019
CTU		$	98,220			$	100,414
AIU ⁽¹⁾			136,213				104,747
Total University Group			234,433				205,161
Corporate and Other ⁽²⁾			449,237				393,904
Discontinued Operations			81				81
Total		$	683,751			$	599,146

(1)	AIU results of operations and total assets include the Trident acquisition commencing on the March 2, 2020 date of acquisition and as of September 30, 2020.

(2)	Corporate and Other includes results of operations and total assets for closed campuses. An expense of $7.1 million was recorded for closed campuses related to the Oregon arbitration matter for the quarter and year to date ended September 30, 2019.

(3)	An expense of $18.6 million was recorded within CTU related to the FTC settlement for the year to date ended September 30, 2019.

(4)	An expense of $11.4 million was recorded within AIU related to the FTC settlement for the year to date ended September 30, 2019.

(5)	Total assets do not include intercompany receivable or payable activity between institutions and corporate and investments in subsidiaries.