Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.22.1
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Financial Results of Discontinued Operation

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

 

    December 31,     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   $ 3,638     $ 3,698  
Accrued course expenses     587       593  
Other accrued expenses     439       1,582  
Deferred revenue     5,181       5,413  
Total major classes of liabilities - discontinued operations   $ 9,845     $ 11,286  

 

The financial results of the discontinued operations are as follows:

 

    2021     2020  
    Years Ended December 31,  
    2021     2020  
    (in thousands)  
Revenue   $ 40     $ 8,247  
Total operating costs and expenses     907       2,910  
Income (loss) from discontinued operations     (867 )     5,337  
Other income (expense), net     (80 )     2  
Income tax benefit (expense)     1,118       (1,075 )
Net income from discontinued operations   $ 171     $ 4,264