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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows provided by operating activities:    
Net income $ 68,010 $ 59,564
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 3,483 3,369
Depreciation and amortization 6,653 5,537
Amortization of intangible assets 2,105 2,105
Deferred income taxes 1,724 1,816
Other, including fixed asset disposals (208) 410
Changes in assets and liabilities:    
Accounts receivable from university partners (32,899) (25,158)
Other assets (3,757) (4,625)
Right-of-use assets and lease liabilities 335 419
Accounts payable 11,970 1,953
Accrued liabilities (51) (6,294)
Income taxes receivable/payable 17,328 14,225
Deferred revenue 10,270 9,678
Net cash provided by operating activities 84,963 62,999
Cash flows used in investing activities:    
Capital expenditures (8,979) (8,587)
Additions of amortizable content (72) (244)
Purchases of investments (19,381) (52,556)
Proceeds from sale or maturity of investments 23,172 24,253
Net cash used in investing activities (5,260) (37,134)
Cash flows used in financing activities:    
Repurchase of common shares and shares withheld in lieu of income taxes (29,970) (41,234)
Net cash used in financing activities (29,970) (41,234)
Net increase (decrease) in cash and cash equivalents and restricted cash 49,733 (15,369)
Cash and cash equivalents and restricted cash, beginning of period 146,475 120,409
Cash and cash equivalents and restricted cash, end of period 196,208 105,040
Supplemental disclosure of cash flow information    
Cash paid for interest 2 19
Cash paid for income taxes 295 230
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment included in accounts payable 2,091 973
Insurance receivable for litigation settlement to be paid by insurance 25,500  
Excise tax on treasury stock repurchases $ 34 $ 187