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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Consolidated Income Statements        
Service revenue $ 201,487 $ 185,768 $ 438,421 $ 407,423
Costs and expenses:        
Technology and academic services 33,676 27,151 65,727 53,428
Counseling services and support 60,932 57,596 122,171 117,815
Marketing and communication 45,445 41,105 93,176 83,798
General and administrative 9,081 9,501 18,663 19,066
Amortization of intangible assets 2,105 2,105 4,210 4,210
Total costs and expenses 151,239 137,458 303,947 278,317
Operating income 50,248 48,310 134,474 129,106
Interest income on Secured Note 14,773 14,723 29,322 29,433
Interest expense (763) (1,073) (1,562) (2,619)
Investment interest and other 238 396 359 612
Income before income taxes 64,496 62,356 162,593 156,532
Income tax expense 15,035 15,346 35,020 38,137
Net income $ 49,461 $ 47,010 $ 127,573 $ 118,395
Earnings per share:        
Basic income per share $ 1.09 $ 1.00 $ 2.78 $ 2.51
Diluted income per share $ 1.09 $ 1.00 $ 2.78 $ 2.49
Basic weighted average shares outstanding 45,490 46,893 45,810 47,174
Diluted weighted average shares outstanding 45,582 47,151 45,964 47,457