v3.26.1
Other Assets
 6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets Other Assets
Other assets consist of the following as of December 31, 2025 and June 30, 2026 (in thousands):
December 31, 2025June 30, 2026
Cloud computing arrangements, net of current portion$24,941 $25,856 
Prepaid expenses, net of current portion14,973 14,792 
Equity method investments9,472 9,818 
Tuition receivable, net, non-current6,217 5,997 
Other investments2,786 2,766 
Deferred contract costs, net of current portion2,149 2,588 
Other4,976 6,038 
Other assets$65,514 $67,855 
Cloud Computing Arrangements
The Company defers implementation costs incurred in cloud computing arrangements and amortizes these costs over the term of the arrangement.
Prepaid Expenses
Long-term prepaid expenses primarily relate to payments that have been made for future services to be provided after one year. In 2020, pursuant to the terms of the perpetual license agreement associated with the Jack Welch Management Institute, the Company made a final one-time cash payment of approximately $25.3 million for the right to continue to use the Jack Welch name and likeness. As of December 31, 2025 and June 30, 2026, $13.2 million and $12.4 million, respectively, of this payment is
included in the prepaid expenses, net of current portion balance, as the payment is being amortized over an estimated useful life of 15 years.
Equity Method Investments
The Company holds investments in certain limited partnerships that invest in various innovative companies in the health care and education-related technology fields. The Company has commitments to invest up to an additional $1.6 million across these partnerships through 2031. The Company’s investments range from 3% to 5% of any partnership’s interest and are accounted for under the equity method.
The following table illustrates changes in the Company’s limited partnership investments for the three and six months ended June 30, 2025 and 2026 (in thousands):
For the three months ended June 30,
For the six months ended June 30,
2025202620252026
Limited partnership investments, beginning of period$13,514 $9,508 $13,428 $9,472 
Capital contributions141 — 231 138 
Pro-rata share in the net income (loss) of limited partnerships(2,258)310 (2,262)208 
Distributions— — — — 
Limited partnership investments, end of period$11,397 $9,818 $11,397 $9,818 
Tuition Receivable
Non-current tuition receivable, net, represents tuition that the Company expects to collect, but not within the next 12 months.
Other Investments
The Company holds investments in education technology start-ups focused on transformational technologies that improve student success. These investments are accounted for at cost less impairment as they do not have readily determinable fair value.
Deferred Contract Costs
The Company defers certain commissions paid in the ANZ segment to third-party international recruitment agents and amortizes these costs over the period of benefit.
Other
Other is comprised primarily of deferred financing costs associated with the Company’s credit facility, deferred accreditation costs associated with the ANZ segment, and refundable security deposits associated with the Company’s leased campus and office space.