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Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:    
Tax credit carryforwards $ 30,252 $ 12,190
Student loans 20,354 16,489
Deferred revenue 18,322 17,399
Accrued expenses 15,129 9,623
Stock compensation 6,541 6,584
Intangible assets 4,778 987
Net operating losses 4,556 4,563
Lease liability 2,685 2,929
Other 428 0
Total gross deferred tax assets 103,045 70,764
Less state tax valuation allowance (703) (562)
Net deferred tax assets 102,342 70,202
Deferred tax liabilities:    
Partnership basis 71,509 71,423
Debt and equity investments 12,015 4,711
Basis in certain derivative contracts 11,614 26,139
Depreciation 6,229 9,526
Prepaid expenses 5,615 0
Lease right of use asset 2,573 2,770
Loan origination services 2,026 2,635
Securitization 170 267
Other 0 3,784
Total gross deferred tax liabilities 111,751 121,255
Net deferred tax asset (liability) $ (9,409) $ (51,053)