| Schedule of Changes in Goodwill |
The following table presents changes in the carrying value of goodwill by segment for the six months ended June 30, 2025 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. Higher Education | | Australia /
New Zealand | | Education Technology Services | | Total | | Balance as of December 31, 2024 | $ | 632,075 | | | $ | 474,808 | | | $ | 100,000 | | | $ | 1,206,883 | | | Additions | — | | | — | | | — | | | — | | | Impairments | — | | | — | | | — | | | — | | | Currency translation adjustments | — | | | 24,222 | | | — | | | 24,222 | | | | | | | | | | | Balance as of June 30, 2025 | $ | 632,075 | | | $ | 499,030 | | | $ | 100,000 | | | $ | 1,231,105 | |
The following table presents changes in the carrying value of goodwill by segment for the six months ended June 30, 2026 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. Higher Education | | Australia /
New Zealand | | Education Technology Services | | Total | | Balance as of December 31, 2025 | $ | 632,075 | | | $ | 510,338 | | | $ | 100,000 | | | $ | 1,242,413 | | | Additions | — | | | — | | | — | | | — | | | Impairments | — | | | — | | | — | | | — | | | Currency translation adjustments | — | | | 16,123 | | | — | | | 16,123 | | | | | | | | | | | Balance as of June 30, 2026 | $ | 632,075 | | | $ | 526,461 | | | $ | 100,000 | | | $ | 1,258,536 | |
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| Intangible Asset, Indefinite-Lived |
The following table presents changes in the carrying value of indefinite-lived intangible assets (in thousands): | | | | | | | | | | | | | For the six months ended June 30, | | | 2025 | | 2026 | | Balance at beginning of period | $ | 245,098 | | | $ | 249,243 | | | Additions | — | | | — | | | Impairments | — | | | — | | | Disposals | — | | | (476) | | | Currency translation adjustments | 3,074 | | | 2,015 | | | Balance at end of period | $ | 248,172 | | | $ | 250,782 | |
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