XML 12 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE:    
Total revenue $ 168,264 $ 195,598
OPERATING EXPENSES:    
Educational services and facilities 29,858 33,851
General and administrative 87,482 112,686
Depreciation and amortization 3,016 5,155
Asset impairment 1,630 570
Total operating expenses 121,986 152,262
Operating income 46,278 43,336
OTHER INCOME:    
Interest income 6,793 3,818
Interest expense (335) (95)
Miscellaneous income (expense) 115 (6)
Total other income 6,573 3,717
PRETAX INCOME 52,851 47,053
Provision for income taxes 13,409 12,569
NET INCOME $ 39,442 $ 34,484
NET INCOME PER SHARE - BASIC: $ 0.60 $ 0.51
NET INCOME PER SHARE - DILUTED: $ 0.59 $ 0.5
WEIGHTED AVERAGE SHARES OUTSTANDING:    
Basic 65,555 67,235
Diluted 66,841 68,514
Tuition and Fees, Net [Member]    
REVENUE:    
Total revenue $ 166,998 $ 193,319
Other [Member]    
REVENUE:    
Total revenue [1] $ 1,266 $ 2,279
[1] Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.