Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31,
	Revenue										Operating Income (Loss)
	2021		% of Total			2020		% of Total			2021			2020
CTU	$	105,822		57.6	%	$	103,588		60.6	%	$	36,143		$	34,619
AIU (1)		77,477		42.2	%		67,396		39.4	%		11,323			9,376
Corporate and Other (2)		339	NM				10	NM				(6,849	)		(6,692	)
Total	$	183,638		100.0	%	$	170,994		100.0	%	$	40,617		$	37,303

	Total Assets as of  (3)
	March 31, 2021		December 31, 2020
CTU	$	102,237	$	96,922
AIU		129,961		141,602
Corporate and Other (2)		518,167		482,993
Total	$	750,365	$	721,517

(1) AIU’s revenue and operating income for the quarter ended March 31, 2020, include results of operations related to Trident from the March 2, 2020 date of acquisition and therefore do not reflect a full quarter of activity for Trident.

(2) Corporate and Other includes results of operations and total assets for closed campuses.

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