Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Summary of financial information by reportable segment

A summary of financial information by reportable segment is as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(Unaudited)				(Unaudited)
Revenue:
American Public Education Segment	$	69,610	$	61,217	$	210,251	$	190,386
Hondros College of Nursing Segment	9,541		6,696		25,682		21,584
Intersegment elimination	(18)		(25)		(57)		(81)
Total Revenue	$	79,133	$	67,888	235,876		$	211,889
Depreciation and amortization:
American Public Education Segment	$	3,067	$	3,525	$	9,482	$	10,995
Hondros College of Nursing Segment	159		239		473		763
Total Depreciation and amortization	$	3,226	$	3,764	9,955		$	11,758
Income (loss) from operations before interest income and income taxes:
American Public Education Segment	$	2,840	$	247	$	15,495	$	14,358
Hondros College of Nursing Segment	466		(3,158)		(455)		(10,214)
Intersegment elimination	2		(2)		2		3
Total income from operations before interest income and income taxes	$	3,308	$	(2,913)	15,042		$	4,147
Interest income, net:
American Public Education Segment	$	119	$	1,006	986		$	3,176
Hondros College of Nursing Segment	2		13		16		31
Total Interest income, net	$	121	$	1,019	1,002		$	3,207
Income tax expense (benefit):
American Public Education Segment	$	655	$	1,368	4,407		$	5,166
Hondros College of Nursing Segment	130		(1,607)		(116)		(3,570)
Total Income tax expense (benefit)	$	785	$	(239)	4,291		$	1,596
Capital expenditures:
American Public Education Segment	$	1,271	$	1,034	$	4,015	$	3,608
Hondros College of Nursing Segment	7		160		156		543
Total Capital expenditures	$	1,278	$	1,194	4,171		$	4,151

Summary of consolidated assets by reportable segment

A summary of the Company’s consolidated assets by reportable segment is as follows (in thousands):

	As of September 30, 2020		As of December 31, 2019
	(Unaudited)
Assets:
American Public Education Segment	$	320,446	$	305,896
Hondros College of Nursing Segment	49,753		49,001
Total Assets	$	370,199	$	354,897