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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUE:        
Total revenue $ 169,126 $ 154,959 $ 516,155 $ 469,253
OPERATING EXPENSES:        
Educational services and facilities 27,562 25,318 83,149 76,995
General and administrative 105,495 103,063 314,864 331,057
Depreciation and amortization 3,995 2,284 10,785 6,752
Asset impairment     612  
Total operating expenses 137,052 130,665 409,410 414,804
Operating income 32,074 24,294 106,745 54,449
OTHER INCOME:        
Interest income 737 1,698 3,235 4,730
Interest expense (42) (43) (126) (125)
Miscellaneous (expense) income (14) 97 98 368
Total other income 681 1,752 3,207 4,973
PRETAX INCOME 32,755 26,046 109,952 59,422
(Benefit from) provision for income taxes (7,206) 7,653 12,670 16,362
INCOME FROM CONTINUING OPERATIONS 39,961 18,393 97,282 43,060
LOSS FROM DISCONTINUED OPERATIONS, net of tax (21) (159) (69) (594)
NET INCOME $ 39,940 $ 18,234 $ 97,213 $ 42,466
NET INCOME PER SHARE - BASIC:        
Income from continuing operations $ 0.58 $ 0.26 $ 1.40 $ 0.62
Loss from discontinued operations       (0.01)
Net income per share 0.58 0.26 1.40 0.61
NET INCOME PER SHARE - DILUTED:        
Income from continuing operations 0.56 0.25 1.36 0.60
Loss from discontinued operations       (0.01)
Net income per share $ 0.56 $ 0.25 $ 1.36 $ 0.59
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 69,167 70,142 69,366 70,029
Diluted 71,016 72,142 71,267 71,901
Tuition and Fees [Member]        
REVENUE:        
Total revenue $ 168,471 $ 154,291 $ 514,364 $ 467,298
Other [Member]        
REVENUE:        
Total revenue [1] $ 655 $ 668 $ 1,791 $ 1,955
[1] Other revenue primarily includes contract training revenue and bookstore sales.