Restructuring Charges |
9 Months Ended |
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Jun. 30, 2026 | |
| Restructuring and Related Activities [Abstract] | |
| Restructuring Charges | Note 14 - Restructuring Charges During the three months ended June 30, 2026, management approved and implemented phase I of a multi-phase restructuring plan across all segments to simplify how we operate, improve student acquisition and better align our resources behind the highest-return opportunities across the business. Phase I resulted in a workforce reduction with total restructuring charges of $1.1 million, consisting primarily of severance and employee benefit costs. Of the total restructuring charges recognized during the three and nine months ended June 30, 2026, $0.8 million was recorded in “Educational services and facilities expense” and $0.3 million was recorded in “Selling, general and administrative expense” in the condensed consolidated statements of operations. Of these total charges, $0.7 million was recorded on the UTI segment, $0.2 million was on the Concorde segment and $0.2 million was on the Corporate segment. No additional expenses are expected for phase I and approximately $0.7 million remains unpaid as of June 30, 2026. Additional phases of this restructuring plan will be rolled out over the next three years as part of our continued focus on optimization and to better align resources to support our overall growth strategy.
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