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Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited) QUARTERLY RESULTS (UNAUDITED)
In the opinion of the Company’s management, the accompanying unaudited interim consolidated financial statements contain all adjustments which are necessary for a fair presentation of the quarters presented. The operating results for any quarter are not necessarily indicative of the results of any future quarter. The Company’s operations were significantly impacted in 2020 due to the temporary closure of a significant portion of the Company’s child care centers, reduced enrollment at child care centers that re-opened during the year, and impairment costs and other costs primarily associated with the closure of centers.
Selected quarterly financial information follows for the years ended December 31, 2020 and 2019:
March 31,
2020		June 30,
2020		September 30,
2020		December 31,
2020
(In thousands, except share data)
Revenue$506,323 $293,772 $337,920 $377,078 
Gross profit$108,859 $65,236 $55,171 $75,283 
Income (loss) from operations$43,281 $8,114 $(5,927)$7,866 
Net income (loss)$30,732 $359 $(6,654)$2,555 
Allocation of net income (loss) to common stockholders:
Common stock — basic$30,587 $358 $(6,654)$2,544 
Common stock — diluted$30,589 $358 $(6,654)$2,545 
Earnings (loss) per common share:
Common stock — basic (1)
$0.53 $0.01 $(0.11)$0.04 
Common stock — diluted (1)
$0.52 $0.01 $(0.11)$0.04 
(1)Due to the losses incurred in the third quarter, earnings per common share for the annual period were calculated on a discrete period basis, and as a result, the sum of the quarterly earnings per share does not agree to the total for the year.
March 31,
2019		June 30,
2019		September 30,
2019		December 31,
2019
(In thousands, except share data)
Revenue$501,758 $528,060 $511,584 $520,615 
Gross profit$126,947 $139,621 $125,220 $131,148 
Income from operations$62,910 $74,833 $62,629 $67,447 
Net income$42,042 $49,327 $41,254 $47,763 
Allocation of net income to common stockholders:
Common stock — basic$41,845 $49,088 $41,055 $47,532 
Common stock — diluted$41,849 $49,093 $41,059 $47,535 
Earnings per common share:
Common stock — basic (1)
$0.73 $0.85 $0.71 $0.82 
Common stock — diluted (1)
$0.71 $0.83 $0.69 $0.81 
(1)Due to rounding, the sum of the quarterly earnings per common share amounts may not agree to the total for the year.