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Property and Equipment and Capitalized Software and Curriculum | 12 Months Ended
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Jun. 30, 2026
Property and Equipment and Capitalized Software and Curriculum |
Property and Equipment and Capitalized Software and Curriculum | 4. Property and Equipment and Capitalized Software and Curriculum Property and equipment consists of the following at: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
​ | ​ | 2026 | ​ | 2025
​ | ​ | (In thousands)
Financed computers and printers | ​ | $ | 225,777 | ​ | $ | 173,009
Computer software | ​ |  | 3,927 | ​ |  | 5,568
Computer hardware | ​ |  | 3,722 | ​ |  | 4,604
Leasehold improvements | ​ |  | 8,587 | ​ |  | 10,327
State testing computers | ​ | ​ | 7,149 | ​ | ​ | 7,151
Furniture and fixtures | ​ |  | 2,252 | ​ |  | 3,107
Office equipment | ​ |  | 79 | ​ |  | 129
Web site development | ​ | ​ | 2,626 | ​ | ​ | 436
​ | ​ |  | 254,119 | ​ |  | 204,331
Less accumulated depreciation and amortization | ​ |  | (152,077) | ​ |  | (125,749)
​ | ​ | $ | 102,042 | ​ | $ | 78,582
​ The Company recorded depreciation expense related to property and equipment reflected in selling, general, and administrative expenses of $3.0 million, $2.8 million and $3.8 million during the years ended June 30, 2026, 2025 and 2024, respectively. Depreciation expense of $54.6 million, $39.3 million and $32.9 million related to property and equipment is reflected in instructional costs and services during the years ended June 30, 2026, 2025 and 2024, respectively. The Company incurs maintenance and repair expenses, which are expensed as incurred, and are generally recorded in selling, general, and administrative expenses. Capitalized software costs consist of the following at: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
​ | ​ | 2026 | ​ | 2025
​ | ​ | (In thousands)
Capitalized software | ​ | $ | 276,089 | ​ | $ | 323,782
Less accumulated depreciation and amortization | ​ |  | (181,087) | ​ |  | (248,468)
​ | ​ | $ | 95,002 | ​ | $ | 75,314
​ The Company recorded amortization expense of $29.8 million, $35.6 million and $34.4 million related to capitalized software reflected in instructional costs and services and $13.0 million, $9.5 million and $7.9 million reflected in selling, general, and administrative expenses during the years ended June 30, 2026, 2025 and 2024, respectively. Capitalized curriculum development costs consist of the following at: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
​ | ​ | (In thousands)
Capitalized curriculum development costs | ​ | $ | 204,674 | ​ | $ | 187,641
Less accumulated depreciation and amortization | ​ |  | (147,779) | ​ |  | (129,057)
​ | ​ | $ | 56,895 | ​ | $ | 58,584
​ The Company recorded amortization expense of $18.9 million, $17.5 million and $17.7 million related to capitalized curriculum development costs reflected in instructional costs and services during the years ended June 30, 2026, 2025 and 2024, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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