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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Consolidated Income Statements        
Net revenue $ 198,384 $ 193,289 $ 605,807 $ 565,396
Costs and expenses:        
Technology and academic services 30,751 24,231 84,179 65,384
Counseling services and support 58,214 56,249 176,029 163,641
Marketing and communication 42,244 37,340 126,042 109,033
General and administrative 14,031 13,556 33,097 34,169
Amortization of intangible assets 2,105 2,179 6,315 6,044
Loss on transaction       3,966
Total costs and expenses 147,345 133,555 425,662 382,237
Operating income 51,039 59,734 180,145 183,159
Interest income on Secured Note 14,885 16,208 44,318 44,425
Interest expense (918) (2,875) (3,537) (8,368)
Investment interest and other 181 255 793 4,042
Income before income taxes 65,187 73,322 221,719 223,258
Income tax expense 13,141 15,171 51,278 40,752
Net income $ 52,046 $ 58,151 $ 170,441 $ 182,506
Earnings per share:        
Basic income per share $ 1.11 $ 1.21 $ 3.62 $ 3.82
Diluted income per share $ 1.11 $ 1.20 $ 3.60 $ 3.78
Basic weighted average shares outstanding 46,808 47,920 47,051 47,833
Diluted weighted average shares outstanding 47,095 48,337 47,336 48,317