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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 69,982 $ 55,181 $ (31,897)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization expense 9,145 9,394 13,990
Bad debt expense 43,454 31,940 27,436
Compensation expense related to share-based awards 9,274 5,614 4,970
Loss on disposition of asset 14    
Deferred income taxes 21,556 17,863 64,225
Changes in operating assets and liabilities:      
Student receivables, gross (33,697) (10,541) 5,129
Allowance for doubtful accounts (36,326) (29,646) (28,075)
Other receivables, net 1,189 (1,286) (257)
Inventories, prepaid expenses, and other current assets (1,180) 3,053 8,742
Deposits and other non-current assets (489) 711 1,706
Accounts payable 2,320 698 (1,588)
Accrued expenses and deferred rent obligations 5,066 (35,448) (80,703)
Deferred tuition revenue (7,704) 9,454 (5,467)
Right of use asset and lease liability (9,519)    
Net cash provided by (used in) operating activities 73,085 56,987 (21,789)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of available-for-sale investments (449,367) (309,784) (256,243)
Sales of available-for-sale investments 462,325 275,024 250,928
Purchases of property and equipment [1] (5,174) (6,732) (6,332)
Other (85)    
Net cash provided by (used in) investing activities 7,699 (41,492) (11,647)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Purchase of treasury stock (3,875)    
Issuance of common stock 1,774 1,682 2,722
Payments of employee tax associated with stock compensation (2,740) (3,345) (1,187)
Net cash (used in) provided by financing activities (4,841) (1,663) 1,535
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS: 13   (82)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 75,956 13,832 (31,983)
CASH AND CASH EQUIVALENTS, beginning of the year 32,731 18,899 50,882
CASH AND CASH EQUIVALENTS, end of the year 108,687 32,731 18,899
Supplemental Cash Flow Information:      
Income taxes paid $ 46 $ 266 $ 120
[1] The statement of income (loss) and comprehensive income (loss) balances including revenue, operating income (loss), depreciation and amortization and capital expenditures are presented above on a continuing operations basis. Total assets are presented on a consolidated basis including continuing and discontinued operations and do not include intercompany receivable or payable activity between institutions and corporate and investments in subsidiaries.