As of September 30, 2025 and December 31, 2024, several parcels of land at campuses in Mexico were classified as held for sale under ASC 360-10-45-9, “Long-Lived Assets Classified as Held for Sale.” In addition, as of December 31, 2024, two of the Company’s subsidiaries that operate K-12 educational programs in Mexico were classified as held for sale under ASC 360-10-45-9. As of September 30, 2025, these K-12 campuses no longer met the criteria to be classified as held for sale and were reclassified to held and used. The assets and liabilities are recorded at the lower of their carrying values or their estimated fair values less costs to sell.

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


	September 30, 2025		December 31, 2024
Assets Held for Sale
Cash and cash equivalents	$	—	$	246
Receivables, net	—		319
Property and equipment, net	1,630		2,897
Operating lease right-of-use assets, net	—		7,512

Total assets held for sale	$	1,630	$	10,974


Liabilities Held for Sale
Deferred revenue and student deposits	$	—	$	756
Operating leases, including current portion	—		7,606
Long-term debt, including current portion	—		704
Other liabilities	—		603
Total liabilities held for sale	$	—	$	9,669