Business Acquisition (Tables)

12 Months Ended

Dec. 31, 2021

Business Combinations [Abstract]

Summary of Fair Values of Assets Acquired and Liabilities Assumed

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

	Trident University		DigitalCrafts		Hippo
	March 2, 2020		August 2, 2021		September 10, 2021
Assets:
Cash	$	-	$	-	$	93
Student receivables		6,212		1,777		202
Other current assets		912		4		25
Property and equipment		3,932		-		27
Intangible assets subject to amortization
Trade name		1,000		740		3,340
Customer relationships		8,000		200		14,100
Course curriculum		1,400		-		-
Developed technology		-		830		1,960
Goodwill		30,956		16,477		27,790
Deferred tax asset		454		-		-
Other non-current assets		270		-		-
Total assets acquired	$	53,136	$	20,028	$	47,537
Liabilities:
Accounts payable and other accrued liabilities	$	2,622	$	268	$	315
Deferred revenue		4,749		1,404		3,952
Loan discharge reserve		1,900		-		-
Other long-term liabilities		46		-		-
Total liabilities assumed	$	9,317	$	1,672	$	4,267
Net assets acquired	$	43,819	$	18,356	$	43,270