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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUE:        
Total revenue $ 173,998 $ 169,126 $ 533,175 $ 516,155
OPERATING EXPENSES:        
Educational services and facilities 25,961 27,562 83,467 83,149
General and administrative 106,289 105,495 323,466 314,864
Depreciation and amortization 3,887 3,995 11,802 10,785
Asset impairment       612
Total operating expenses 136,137 137,052 418,735 409,410
Operating income 37,861 32,074 114,440 106,745
OTHER (EXPENSE) INCOME:        
Interest income 154 737 835 3,235
Interest expense (572) (42) (961) (126)
Miscellaneous (expense) income (116) (14) (9) 98
Total other (expense) income (534) 681 (135) 3,207
PRETAX INCOME 37,327 32,755 114,305 109,952
Provision for (benefit from) income taxes 9,557 (7,206) 29,121 12,670
INCOME FROM CONTINUING OPERATIONS 27,770 39,961 85,184 97,282
LOSS FROM DISCONTINUED OPERATIONS, net of tax (1) (21) (13) (69)
NET INCOME $ 27,769 $ 39,940 $ 85,171 $ 97,213
NET INCOME PER SHARE - BASIC: $ 0.40 $ 0.58 $ 1.21 $ 1.40
NET INCOME PER SHARE - DILUTED: $ 0.39 $ 0.56 $ 1.19 $ 1.36
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 70,089 69,167 70,179 69,366
Diluted 71,466 71,016 71,649 71,267
Tuition and Fees [Member]        
REVENUE:        
Total revenue $ 172,595 $ 168,471 $ 530,230 $ 514,364
Other [Member]        
REVENUE:        
Total revenue [1] $ 1,403 $ 655 $ 2,945 $ 1,791
[1] Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.