Grand Canyon Education LOPE Lease impairment
Lease impairment at other companies
Other financials
Where this comes from
Reported directly by Grand Canyon Education in its filing.
Tagged under the XBRL concept us-gaap:OperatingLeaseImpairmentLoss.
The source filing: Grand Canyon Education’s 10-K, filed February 18, 2026.
- Filed
- Feb 18, 2026, 4:08 PM EST
- Fiscal year
- FY2025
- Accession
- 0001104659-26-017047
The Company incurred $2,411 in lease termination and impairment charges in the year ended December 31, 2025 related to leases. The Company agreed to pay a termination fee of $1,308 for our Indiana office space to early terminate our lease effective in June 2027. An additional $1,103 lease impairment was recorded for the two off-campus classroom and laboratory sites that were closed during the third quarter of 2025. For the year ended December 31, 2024, impairment and other primarily includes the write-off of an internal use software project that has been terminated that it had been attempting to develop for its other university partners and costs relating to exiting from certain off-campus classroom and laboratory sites.
Item 8. Consolidated Financial Statements and Supplementary Data
FAQ
- What is Grand Canyon Education's lease impairment?
- Grand Canyon Education (LOPE) reported lease impairment of $275.75K in Q4 2025.
- What does lease impairment mean?
- The reduction in the carrying value of right-of-use assets related to operating leases when the asset's value is deemed to be less than its book value. This metric highlights potential inefficiencies in asset utilization or adverse changes in the utility of leased properties.
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