Risk Factors Update Summary
- Increased content development staff to work closely with faculty for engaging online coursework. This may result in improved course quality and student satisfaction.
- Expanded risk factors to include extreme weather events, climate change impact, and potential disruptions. This change highlights the vulnerability to climate-related risks.
- Expect restructuring charges of approximately $70-75 million associated with the 2022 Strategic Realignment Plan. This may impact financial results.
- Added risks related to changing market dynamics, global policy developments, and increased frequency of extreme weather events. This change emphasizes the potential for higher attrition and additional costs.
- Impairment charges of $16.7 million and $117.4 million to goodwill and indefinite-lived intangible asset during the three months ended June 30, 2023.
- Addressed the adverse impact of climate change on regional and local economic activity, potentially affecting university clients and communities.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1459417&owner=exclude
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