Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(Unaudited)				(Unaudited)
Revenue:
American Public Education Segment	$	66,893	$	73,547	$	144,315	$	140,641
Hondros College of Nursing Segment	11,134		8,602		22,266		16,141
Intersegment elimination	(13)		(22)		(26)		(39)
Total Revenue	$	78,014	$	82,127	$	166,555	$	156,743
Depreciation and amortization:
American Public Education Segment	$	2,343	$	3,221	$	4,846	$	6,415
Hondros College of Nursing Segment	181		170		329		314
Total Depreciation and amortization	$	2,524	$	3,391	$	5,175	$	6,729
Income (loss) from operations before interest income and income taxes:
American Public Education Segment	$	1,859	$	9,077	$	11,713	$	12,655
Hondros College of Nursing Segment	117		(35)		900		(921)
Intersegment elimination	(1)		(1)		(1)		—
Total income from operations before interest income and income taxes	$	1,975	$	9,041	$	12,612	$	11,734
Interest income, net:
American Public Education Segment	$	22	$	177	$	134	$	867
Hondros College of Nursing Segment	2		2		4		14
Total Interest income, net	$	24	$	179	$	138	$	881
Income tax expense (benefit):
American Public Education Segment	$	607	$	2,537	$	3,041	$	3,752
Hondros College of Nursing Segment	39		(5)		244		(246)
Total Income tax expense	$	646	$	2,532	$	3,285	$	3,506
Capital expenditures:
American Public Education Segment	$	843	$	999	$	1,814	$	2,744
Hondros College of Nursing Segment	657		25		1,214		149
Total Capital expenditures	$	1,500	$	1,024	$	3,028	$	2,893

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


	As of June 30, 2021		As of December 31, 2020
	(Unaudited)
Assets:
American Public Education Segment	$	417,494	$	322,544
Hondros College of Nursing Segment	51,422		48,474
Total Assets	$	468,916	$	371,018