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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Consolidated Income Statements    
Service revenue $ 236,934 $ 221,655
Costs and expenses:    
Technology and academic services 32,051 26,277
Counseling services and support 61,239 60,219
Marketing and communication 47,731 42,693
General and administrative 9,582 9,565
Amortization of intangible assets 2,105 2,105
Total costs and expenses 152,708 140,859
Operating income 84,226 80,796
Interest income on Secured Note 14,549 14,710
Interest expense (799) (1,546)
Investment interest and other 121 216
Income before income taxes 98,097 94,176
Income tax expense 19,985 22,791
Net income $ 78,112 $ 71,385
Earnings per share:    
Basic income per share $ 1.70 $ 1.50
Diluted income per share $ 1.69 $ 1.49
Basic weighted average shares outstanding 46,084 47,455
Diluted weighted average shares outstanding 46,300 47,764