XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Consolidated Income Statements      
Service revenue $ 896,564 $ 844,096 $ 778,643
Costs and expenses:      
Technology and academic services 132,078 116,012 90,512
Counseling services and support 249,179 234,534 223,598
Marketing and communication 182,872 164,334 142,896
General and administrative 41,826 43,360 44,317
Amortization of intangible assets 8,419 8,419 8,223
Loss on transaction     3,966
Total costs and expenses 614,374 566,659 513,512
Operating income 282,190 277,437 265,131
Interest income on Secured Note 52,090 59,190 59,297
Interest expense (3,601) (4,402) (11,311)
Investment interest and other 610 915 4,385
Income before income taxes 331,289 333,140 317,502
Income tax expense 70,945 75,944 58,327
Net income $ 260,344 $ 257,196 $ 259,175
Earnings per share:      
Basic income per share $ 5.94 $ 5.49 $ 5.42
Diluted income per share $ 5.92 $ 5.45 $ 5.37
Basic weighted average shares outstanding 43,835 46,880 47,814
Diluted weighted average shares outstanding 43,958 47,165 48,266