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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUE:        
Total revenue $ 168,420 $ 173,998 $ 519,063 $ 533,175
OPERATING EXPENSES:        
Educational services and facilities 30,149 25,961 85,506 83,467
General and administrative 103,882 106,289 311,510 323,466
Depreciation and amortization 5,065 3,887 14,856 11,802
Asset impairment     228  
Total operating expenses 139,096 136,137 412,100 418,735
Operating income 29,324 37,861 106,963 114,440
OTHER INCOME (EXPENSE):        
Interest income 2,270 154 3,697 835
Interest expense (96) (572) (298) (961)
Miscellaneous expense (206) (117) (521) (22)
Total other income (expense) 1,968 (535) 2,878 (148)
PRETAX INCOME 31,292 37,326 109,841 114,292
Provision for income taxes 9,225 9,557 29,929 29,121
NET INCOME $ 22,067 $ 27,769 $ 79,912 $ 85,171
NET INCOME PER SHARE - BASIC: $ 0.33 $ 0.40 $ 1.17 $ 1.21
NET INCOME PER SHARE - DILUTED: $ 0.32 $ 0.39 $ 1.16 $ 1.19
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 67,506 70,089 68,193 70,179
Diluted 68,550 71,466 69,131 71,649
Tuition and Fees [Member]        
REVENUE:        
Total revenue $ 166,437 $ 172,595 $ 513,660 $ 530,230
Other [Member]        
REVENUE:        
Total revenue [1] $ 1,983 $ 1,403 $ 5,403 $ 2,945
[1] Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.