Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2021

Revenue From Contract With Customer [Abstract]

Summary of Disaggregation of Revenue by Major Source

The following tables disaggregate our revenue by major source for the quarters ended March 31, 2021 and 2020 (dollars in thousands):

	For the Quarter Ended March 31, 2021								For the Quarter Ended March 31, 2020
	CTU		AIU		Corporate and Other(3)		Total		CTU		AIU		Corporate and Other(3)		Total
Tuition	$	99,605	$	74,498	$	-	$	174,103	$	97,551	$	64,545	$	-	$	162,096
Technology fees		5,483		2,795		-		8,278		5,120		2,657		-		7,777
Other miscellaneous fees(1)		292		158		-		450		372		149		-		521
Total tuition and fees		105,380		77,451		-		182,831		103,043		67,351		-		170,394
Other revenue(2)		442		26		339		807		545		45		10		600
Total revenue	$	105,822	$	77,477	$	339	$	183,638	$	103,588	$	67,396	$	10	$	170,994

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(1) Other miscellaneous fees include student activity fees and graduation fees.

(2) Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.

(3) Revenue recorded within Corporate and Other relates to miscellaneous non-student related revenue.

Summary of Deferred Revenue Balances Offset with Contract Assets

The amount of deferred revenue balances which are being offset with contract assets balances as of March 31, 2021 and December 31, 2020 were as follows (dollars in thousands):

	As of
	March 31, 2021			December 31, 2020
Gross deferred revenue	$	58,022		$	85,402
Gross contract assets		(21,018	)		(50,868	)
Deferred revenue, net	$	37,004		$	34,534

Changes in Deferred Revenue Balances

Changes in our deferred revenue balances for the quarters ended March 31, 2021 and 2020 were as follows (dollars in thousands):

	For the Quarter Ended									For the Quarter Ended
	March 31, 2021									March 31, 2020
	CTU			AIU			Total			CTU			AIU			Total
Gross deferred revenue, January 1	$	28,522		$	56,880		$	85,402		$	27,845		$	35,359		$	63,204
Business acquisition, beginning balance		-			-			-			-			13,395			13,395
Revenue earned from prior balances		(25,689	)		(42,403	)		(68,092	)		(25,149	)		(31,518	)		(56,667	)
Billings during period(1)		101,784			52,561			154,345			103,044			46,648			149,692
Revenue earned for new billings during the period		(79,691	)		(35,048	)		(114,739	)		(77,894	)		(35,833	)		(113,727	)
Other adjustments		210			896			1,106			140			883			1,023
Gross deferred revenue, March 31	$	25,136		$	32,886		$	58,022		$	27,986		$	28,934		$	56,920

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1) Billings during period includes adjustments for prior billings.