2023 Q1 Form 10-K Financial Statement

#000101393423000004 Filed on February 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $256.6M $269.9M $1.065B
YoY Change -0.87% -0.79% -5.85%
Cost Of Revenue $152.9M $152.2M $597.3M
YoY Change 5.75% 2.22% -1.8%
Gross Profit $103.7M $117.8M $468.2M
YoY Change -9.25% -4.43% -10.56%
Gross Profit Margin 40.4% 43.63% 43.94%
Selling, General & Admin $95.47M $90.56M $379.8M
YoY Change 0.72% 6.05% 5.32%
% of Gross Profit 92.09% 76.89% 81.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.65M $13.93M $52.00M
YoY Change -9.96% -8.52% -12.01%
% of Gross Profit 14.13% 11.83% 11.11%
Operating Expenses $99.00M $93.95M $394.2M
YoY Change 0.48% 5.38% -4.36%
Operating Profit -$1.349M $23.82M $70.76M
YoY Change -110.04% -30.11% -4.26%
Interest Expense -$1.800M -$2.100M -$5.700M
YoY Change 100.0% 133.33% 58.33%
% of Operating Profit -8.82% -8.06%
Other Income/Expense, Net $398.0K $2.042M -$1.191M
YoY Change -133.99% -18.68% -144.32%
Pretax Income -$951.0K $27.59M $69.57M
YoY Change -107.75% -6.4% -9.18%
Income Tax $1.100M $9.260M $22.90M
% Of Pretax Income 33.56% 32.92%
Net Earnings -$2.028M $18.33M $46.67M
YoY Change -128.85% -15.46% -15.28%
Net Earnings / Revenue -0.79% 6.79% 4.38%
Basic Earnings Per Share -$0.09 $1.97
Diluted Earnings Per Share -$0.09 $0.77 $1.94
COMMON SHARES
Basic Shares Outstanding 24.40M shares 24.45M shares 23.68M shares
Diluted Shares Outstanding 23.43M shares 24.00M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $227.3M $222.8M $222.8M
YoY Change -24.28% -19.1% -19.1%
Cash & Equivalents $202.8M $213.7M $213.7M
Short-Term Investments $24.49M $9.156M $9.156M
Other Short-Term Assets $54.05M $43.29M $43.29M
YoY Change 2.27% 6.15% 6.15%
Inventory
Prepaid Expenses $27.65M $19.07M
Receivables $71.86M $62.95M $62.95M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $357.0M $329.1M $329.1M
YoY Change -14.56% -10.53% -10.53%
LONG-TERM ASSETS
Property, Plant & Equipment $124.3M $132.8M $258.1M
YoY Change -18.62% -11.78% -14.02%
Goodwill $1.243B $1.251B
YoY Change -4.59% -2.69%
Intangibles $256.7M $260.5M
YoY Change -7.08% -5.73%
Long-Term Investments $14.87M $13.88M $30.40M
YoY Change 7.11% -10.93% -28.53%
Other Assets $51.18M $49.65M $29.70M
YoY Change 2.23% -5.06% -3.16%
Total Long-Term Assets $1.809B $1.833B $1.833B
YoY Change -7.24% -5.44% -5.44%
TOTAL ASSETS
Total Short-Term Assets $357.0M $329.1M $329.1M
Total Long-Term Assets $1.809B $1.833B $1.833B
Total Assets $2.166B $2.162B $2.162B
YoY Change -8.54% -6.25% -6.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.50M $45.83M $45.83M
YoY Change 10.14% 1.07% 1.07%
Accrued Expenses $61.86M $68.64M $68.64M
YoY Change -22.95% -11.07% -11.07%
Deferred Revenue $123.0M $88.49M
YoY Change 6.34% 20.83%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $241.7M $209.9M $209.9M
YoY Change -5.15% 7.25% 7.25%
LONG-TERM LIABILITIES
Long-Term Debt $101.3M $101.4M $101.4M
YoY Change -28.5% -28.41% -28.41%
Other Long-Term Liabilities $44.04M $46.01M $180.0M
YoY Change -8.42% -2.3% -14.24%
Total Long-Term Liabilities $145.4M $147.4M $281.4M
YoY Change -23.41% -21.89% -19.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $241.7M $209.9M $209.9M
Total Long-Term Liabilities $145.4M $147.4M $281.4M
Total Liabilities $555.3M $526.0M $526.0M
YoY Change -13.71% -11.14% -11.14%
SHAREHOLDERS EQUITY
Retained Earnings $142.9M $159.7M
YoY Change -14.2% -8.52%
Common Stock $1.512B $1.511B
YoY Change -1.1% -1.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.610B $1.636B $1.636B
YoY Change
Total Liabilities & Shareholders Equity $2.166B $2.162B $2.162B
YoY Change -8.54% -6.25% -6.25%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$2.028M $18.33M $46.67M
YoY Change -128.85% -15.46% -15.28%
Depreciation, Depletion And Amortization $14.65M $13.93M $52.00M
YoY Change -9.96% -8.52% -12.01%
Cash From Operating Activities $35.24M $1.320M $126.1M
YoY Change -37.73% -93.18% -30.18%
INVESTING ACTIVITIES
Capital Expenditures $8.270M $10.66M $43.17M
YoY Change -14.62% -167.48% -12.67%
Acquisitions $211.0K $800.0K
YoY Change
Other Investing Activities -$15.02M $9.626M $11.81M
YoY Change -1723.24% 191.7% -27.72%
Cash From Investing Activities -$23.29M -$1.036M -$31.36M
YoY Change 165.78% -91.71% -5.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $40.12M
YoY Change 579.36%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$19.72M -57.87M -$142.4M
YoY Change -9.66% 275.52% 109.7%
NET CHANGE
Cash From Operating Activities $35.24M 1.320M $126.1M
Cash From Investing Activities -$23.29M -1.036M -$31.36M
Cash From Financing Activities -$19.72M -57.87M -$142.4M
Net Change In Cash -$8.649M -57.59M -$51.76M
YoY Change -130.78% 573.69% -167.05%
FREE CASH FLOW
Cash From Operating Activities $35.24M $1.320M $126.1M
Capital Expenditures $8.270M $10.66M $43.17M
Free Cash Flow $26.97M -$9.342M $82.88M
YoY Change -42.5% -126.57% -36.78%

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CY2022 us-gaap Nature Of Operations
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Nature of Operations<div style="margin-top:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Strategic Education, Inc. (“Strategic Education” or the “Company”), a Maryland corporation, is an education services company that provides access to high-quality education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills for high-demand markets. Strategic Education’s portfolio of companies is dedicated to closing the skills gap by placing adults on the most direct path between learning and employment. As discussed in Note 2 and Note 3, the Company completed its acquisition of Torrens University and associated assets in Australia and New Zealand (“ANZ”) on November 3, 2020. </span></div><div style="margin-top:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying consolidated financial statements and footnotes include the results of the Company’s three reportable segments: (1) U.S. Higher Education (“USHE”), which is primarily comprised of Strayer University and Capella University and is focused on providing flexible and affordable certificate and degree programs to working adults; (2) Education Technology Services, which is primarily focused on developing and maintaining relationships with employers to build employee education benefits programs; and (3) Australia/New Zealand, which through Torrens University and associated assets, provides certificate and degree programs in Australia and New Zealand. The Company’s reportable segments are discussed further in Note 21.</span></div>
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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Most cash and cash equivalent balances are in excess of the FDIC insurance limit. The Company has not experienced any losses on its cash and cash equivalents.</span></div>
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CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.60
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.60
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2020 us-gaap Advertising Expense
AdvertisingExpense
161500000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
165100000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
181300000 usd
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22633000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23955000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23679000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
14000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
162000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
316000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22860000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24122000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23998000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
63000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
324000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
114000 shares
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
48900000 usd
CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
300000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
9200000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
200000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-35100000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
100000 usd
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
25000 usd
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
10000 usd
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 usd
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of expenses during the period reported. The most significant management estimates include allowances for credit losses, useful lives of property and equipment and intangible assets, incremental borrowing rates, potential sublease income and vacancy periods, accrued expenses, forfeiture rates and the likelihood of achieving performance criteria for stock-based awards, value of free courses earned by students that will be redeemed in the future, valuation of goodwill and intangible assets, and the provision for income taxes. Actual results could differ from those estimates.</span></div>
CY2022 stra Expected Collection Period Of Tuition Receivable
ExpectedCollectionPeriodOfTuitionReceivable
P12M
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1027653000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1131686000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1065480000 usd
CY2022 stra Number Of Free Courses
NumberOfFreeCourses
1 course
CY2022 stra Number Of Successfully Completed Courses
NumberOfSuccessfullyCompletedCourses
3 course
CY2022 stra Consecutive Terms Of Non Attendance In Which Graduation Fund Credits Will Be Lost
ConsecutiveTermsOfNonAttendanceInWhichGraduationFundCreditsWillBeLost
1 term
CY2022Q4 stra Estimated Graduation Fund To Be Redeemed Next Twelve Months
EstimatedGraduationFundToBeRedeemedNextTwelveMonths
17900000 usd
CY2020Q4 stra Graduation Fund Liability
GraduationFundLiability
53314000 usd
CY2021Q4 stra Graduation Fund Liability
GraduationFundLiability
52024000 usd
CY2021 stra Revenue Deferred
RevenueDeferred
21067000 usd
CY2022 stra Revenue Deferred
RevenueDeferred
16897000 usd
CY2021 stra Benefit Redeemed
BenefitRedeemed
22357000 usd
CY2022 stra Benefit Redeemed
BenefitRedeemed
22079000 usd
CY2021Q4 stra Graduation Fund Liability
GraduationFundLiability
52024000 usd
CY2022Q4 stra Graduation Fund Liability
GraduationFundLiability
46842000 usd
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
8283000 usd
CY2020 us-gaap Other Restructuring Costs
OtherRestructuringCosts
11967000 usd
CY2020 us-gaap Payments For Restructuring
PaymentsForRestructuring
17128000 usd
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
3122000 usd
CY2021 us-gaap Other Restructuring Costs
OtherRestructuringCosts
4618000 usd
CY2021 us-gaap Payments For Restructuring
PaymentsForRestructuring
6128000 usd
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
1612000 usd
CY2022 us-gaap Other Restructuring Costs
OtherRestructuringCosts
1241000 usd
CY2022 us-gaap Payments For Restructuring
PaymentsForRestructuring
2853000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
22992000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
715000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
22279000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
29444000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
434000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
29878000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2022 stra Debt Securities Available For Sale Impairment Expense
DebtSecuritiesAvailableForSaleImpairmentExpense
0 usd
CY2020 stra Debt Securities Available For Sale Impairment Expense
DebtSecuritiesAvailableForSaleImpairmentExpense
0 usd
CY2021 stra Debt Securities Available For Sale Impairment Expense
DebtSecuritiesAvailableForSaleImpairmentExpense
0 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
6501000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
9156000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
23377000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
13123000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
29878000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
22279000 usd
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
34728000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
7495000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
6420000 usd
CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1464000 usd
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1805000 usd
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 usd
CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
36192000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
9300000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
6420000 usd
CY2020 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
35000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-800000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
28337000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
387814000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
357913000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
237225000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
225068000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
150589000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
132845000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
53957000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
28404000 usd
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
534000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1768000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
641000 usd
CY2020 us-gaap Sublease Income
SubleaseIncome
2240000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
2255000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
1135000 usd
CY2020 us-gaap Lease Cost
LeaseCost
26631000 usd
CY2021 us-gaap Lease Cost
LeaseCost
53470000 usd
CY2022 us-gaap Lease Cost
LeaseCost
27910000 usd
CY2020 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
800000 usd
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
18900000 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
1200000 usd
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0401
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
183829000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0405
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
32510000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
43021000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
35138000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12763000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
79953000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4674000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
29704000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
29128000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
25316000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
22744000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
19802000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
57135000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
25944000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
157885000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
1318526000 usd
CY2021 us-gaap Goodwill Transfers
GoodwillTransfers
0 usd
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-32924000 usd
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
262000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
1285864000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
947000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-35621000 usd
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
87000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1251277000 usd
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
456387000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
180007000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
276380000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
451666000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
191125000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
260541000 usd
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P3Y
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9100000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
17862000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
19073000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
9794000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
13287000 usd
CY2021Q4 stra Hosting Arrangement Service Contract Implementation Cost Capitalized After Accumulated Amortization Current
HostingArrangementServiceContractImplementationCostCapitalizedAfterAccumulatedAmortizationCurrent
5019000 usd
CY2022Q4 stra Hosting Arrangement Service Contract Implementation Cost Capitalized After Accumulated Amortization Current
HostingArrangementServiceContractImplementationCostCapitalizedAfterAccumulatedAmortizationCurrent
7859000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
8102000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
3066000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
40777000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
43285000 usd
CY2021Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
19852000 usd
CY2022Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
18192000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
15582000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
13879000 usd
CY2021Q4 us-gaap Hosting Arrangement Service Contract Implementation Cost Capitalized After Accumulated Amortization
HostingArrangementServiceContractImplementationCostCapitalizedAfterAccumulatedAmortization
5957000 usd
CY2022Q4 us-gaap Hosting Arrangement Service Contract Implementation Cost Capitalized After Accumulated Amortization
HostingArrangementServiceContractImplementationCostCapitalizedAfterAccumulatedAmortization
7507000 usd
CY2021Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
3576000 usd
CY2022Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
3396000 usd
CY2021Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
2466000 usd
CY2022Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
2673000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
4864000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
4005000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
52297000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
49652000 usd
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
15795000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
15582000 usd
CY2021 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
892000 usd
CY2022 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
160000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4925000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
348000 usd
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
6030000 usd
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2211000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
15582000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
13879000 usd
CY2021Q4 us-gaap Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
45340000 usd
CY2022Q4 us-gaap Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
45826000 usd
CY2021Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
27424000 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
32608000 usd
CY2021Q4 stra Accrued Student Obligations And Other
AccruedStudentObligationsAndOther
22754000 usd
CY2022Q4 stra Accrued Student Obligations And Other
AccruedStudentObligationsAndOther
12154000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
95518000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
90588000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
34704000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
36540000 usd
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
9122000 usd
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
6283000 usd
CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3263000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3183000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
47089000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
46006000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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