Discontinued Operations and Assets Held for Sale (Tables)

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Summary of Major Classes of Assets and Liabilities Reclassified to Held for Sale

Summarized operating results and cash flows of the Discontinued Operations are presented in the following table:

For the years ended December 31,	2021		2020		2019
Revenues	$	542,979	$	1,674,602	$	2,539,995
Depreciation and amortization expense	—		(60,378)		(111,376)
Share-based compensation expense	(1,277)		(3,050)		(2,669)
Other direct costs	(433,127)		(1,313,258)		(2,026,187)
Loss on impairment of assets	(1,268)		(438,258)		(691)
Other non-operating expense	(22,288)		(68,553)		(70,719)
Gain on sale of discontinued operations before taxes, net	636,172		25,048		793,475
Pretax income (loss) of discontinued operations	721,191		(183,847)		1,121,828
Income tax expense	(234,326)		(114,257)		(33,681)
Income (loss) from discontinued operations, net of tax	$	486,865	$	(298,104)	$	1,088,147
Operating cash flows of discontinued operations	$	39,544	$	288,271	$	315,406
Investing cash flows of discontinued operations	$	(11,161)	$	(48,428)	$	(99,725)
Financing cash flows of discontinued operations	$	(18,054)	$	(969)	$	(103,583)

The carrying amounts of the major classes of assets and liabilities that were classified as held for sale are presented in the following table:

	December 31, 2021		December 31, 2020
Assets of Discontinued Operations
Cash and cash equivalents	$	—	$	270,164
Receivables, net	—		113,386
Property and equipment, net	—		259,471
Goodwill and tradenames	—		1,202,496
Operating lease assets	6,164		136,806
Other assets	—		183,742
Valuation allowance on held-for-sale disposal groups	—		(248,630)
Total assets held for sale	$	6,164	$	1,917,435

Liabilities of Discontinued Operations
Deferred revenue and student deposits	$	—	$	87,793
Operating leases, including current portion	10,849		151,413
Long-term debt, seller notes and finance leases, including current portion	—		171,451
Other liabilities	—		291,599
Total liabilities held for sale	$	10,849	$	702,256

Disposal Groups, Including Discontinued Operations, Schedule of Asset Impairment

As a result of the impairment test, the Company determined that the carrying value of the Chile asset group exceeded its fair value by approximately $418,000 and recorded an impairment charge in that amount during the second quarter of 2020, as follows:

Goodwill and tradenames	$	238,400
Land and buildings	80,600
Other long-lived assets	36,500
Operating lease right-of-use assets, net	62,500
Total Chile impairment	$	418,000