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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income $ 3,544 $ 272 $ 3,839 $ 4,489 $ 4,076 $ 10,754  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization         4,618 5,620  
Amortization of deferred finance charges         0 136  
Deferred income taxes         64 3,636  
(Gain) loss on disposition of assets         (178) 1  
Fixed asset donations         (245) (2,050)  
Provision for doubtful accounts         24,888 19,816  
Stock-based compensation expense         2,367 2,093  
(Increase) decrease in assets:              
Accounts receivable         (32,467) (22,122)  
Inventories         7 (761)  
Prepaid income taxes and income taxes payable         (503) (729)  
Prepaid expenses and current assets         2,550 725  
Other assets, net         329 274  
Increase (decrease) in liabilities:              
Accounts payable         3,800 (186)  
Accrued expenses         (5,631) (914)  
Unearned tuition         (2,661) 1,238  
Other liabilities         (402) 219  
Total adjustments         (3,464) 6,996  
Net cash provided by operating activities         612 17,750  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Capital expenditures         (7,053) (5,252)  
Proceeds from sale of property and equipment         2,390 0  
Net cash used in investing activities         (4,663) (5,252)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Payments on borrowings         0 (1,500)  
Dividend payment for preferred stock         (912) (912)  
Share repurchase         (6,733) 0  
Net share settlement for equity-based compensation         (1,992) (962)  
Net cash used in financing activities         (9,637) (3,374)  
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS         (13,688) 9,124  
CASH AND CASH EQUIVALENTS-Beginning of period   $ 83,307   $ 38,026 83,307 38,026 $ 38,026
CASH AND CASH EQUIVALENTS-End of period $ 69,619   $ 47,150   69,619 47,150 $ 83,307
Cash paid for:              
Interest         132 795  
Income taxes         1,216 681  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:              
Liabilities accrued for or noncash additions of fixed assets         $ 501 $ 2,684