General form of registration statement for all companies including face-amount certificate companies

Discontinued Operations (Tables)

v3.21.4
Discontinued Operations (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]    
Schedule of Assets and Liabilities

The major classes of assets and liabilities of the entities classified as discontinued operations were as follows:

 

    September 30,     December 31,  
    2021     2020  
    (in thousands)  
Major classes of assets                
Cash and cash equivalents   $     $ 14  
Deferred course expenses           806  
Discontinued operations-current assets           820  
Other assets     33       34  
Total major classes of assets - discontinued operations   $ 33     $ 854  
Major classes of liabilities                
Accounts payable   $ 3,627     $ 3,698  
Accrued course expenses     585       593  
Other accrued expenses     437       1,582  
Deferred revenue     5,160       5,413  
Total major classes of liabilities - discontinued operations   $ 9,809     $ 11,286  

The major classes of assets and liabilities of Legacy UK were as follows:

    December 31,     December 31,  
(in thousands)   2020     2019  
Major classes of liabilities                
Accounts payable   $ 2,608     $ 3,408  
Accrued course expenses     593       472  
Other accrued expenses     539       619  
Total major classes of liabilities - discontinued operations   $ 3,740     $ 4,499  
Schedule of Discontinued Operations Income Statement

The financial results of the discontinued operations are as follows:

 

    2021     2020     2021     2020  
    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2021     2020     2021     2020  
    (in thousands)  
Revenue   $     $ 1,742     $ 40     $ 5,522  
Total operating costs and expenses           764       907       2,436  
(Loss) income from discontinued operations           978       (867 )     3,086  
Other expense, net           3       (80 )     4  
Income tax benefit (expense)           (248 )     1,118       (248 )
Net income from discontinued operations   $     $ 733     $ 171     $ 2,842  

The financial results of the discontinued operations are as follows:

(in thousands)   2020     2019  
    Years Ended December 31,  
(in thousands)   2020     2019  
Revenue   $     $ 14,315  
Total operating costs and expenses           15,647  
Loss from discontinued operations           (1,332 )
Interest income (expense)           (359 )
Other expense, net           8,300  
Net loss from discontinued operations   $     $ 6,609