SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 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 September 30,
	Revenue										Operating Income (Loss)
	2021		% of Total			2020		% of Total			2021			2020
CTU (1)	$	104,788		60.2	%	$	98,985		58.5	%	$	41,217		$	32,993
AIU (2)		68,948		39.6	%		70,048		41.4	%		8,334			5,513
Corporate and Other (3)		262		0.2	%		93		0.1	%		(11,690	)		(6,432	)
Total	$	173,998		100.0	%	$	169,126		100.0	%	$	37,861		$	32,074

	For the Year to Date Ended September 30,
	Revenue										Operating Income (Loss)
	2021		% of Total			2020		% of Total			2021			2020
CTU (1)	$	312,645		58.6	%	$	302,766		58.7	%	$	112,758		$	100,688
AIU (2)		219,648		41.2	%		213,279		41.3	%		28,875			25,365
Corporate and Other (3)		882		0.2	%		110		0.0	%		(27,193	)		(19,308	)
Total	$	533,175		100.0	%	$	516,155		100.0	%	$	114,440		$	106,745

	Total Assets as of  (4)
	September 30, 2021		December 31, 2020
CTU (1)	$	154,438	$	96,922
AIU (2)		150,970		141,602
Corporate and Other (3)		531,011		482,993
Total	$	836,419	$	721,517

(1) CTU results of operations and total assets include the Hippo acquisition commencing on the September 10, 2021 date of acquisition and as of September 30, 2021.  

(2) AIU results of operations and total assets include the DigitalCrafts acquisition commencing on the August 2, 2021 date of acquisition and as of September 30, 2021. AIU’s results of operations include Trident from the March 2, 2020 date of acquisition.

(3) Corporate and Other includes results of operations and total assets for closed campuses. Revenue recorded within Corporate and Other relates to miscellaneous non-student related revenue.

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