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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUE:        
Total revenue $ 186,564 $ 167,684 $ 382,162 $ 350,643
OPERATING EXPENSES:        
Educational services and facilities 32,748 27,269 66,599 55,357
General and administrative 100,588 101,332 213,274 207,628
Depreciation and amortization 4,369 4,909 9,524 9,791
Asset impairment 765 228 1,335 228
Total operating expenses 138,470 133,738 290,732 273,004
Operating income 48,094 33,946 91,430 77,639
OTHER INCOME:        
Interest income 4,531 1,094 8,349 1,427
Interest expense (96) (99) (191) (202)
Miscellaneous income (expense) 22,074 (226) 22,068 (315)
Total other income 26,509 769 30,226 910
PRETAX INCOME 74,603 34,715 121,656 78,549
Provision for income taxes 19,930 8,948 32,499 20,704
NET INCOME $ 54,673 $ 25,767 $ 89,157 $ 57,845
NET INCOME PER SHARE - BASIC: $ 0.81 $ 0.38 $ 1.32 $ 0.84
NET INCOME PER SHARE - DILUTED: $ 0.8 $ 0.37 $ 1.3 $ 0.83
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 67,421 68,341 67,328 68,542
Diluted 68,533 69,182 68,512 69,376
Tuition and Fees, Net [Member]        
REVENUE:        
Total revenue $ 184,520 $ 165,896 $ 377,839 $ 347,223
Other [Member]        
REVENUE:        
Total revenue [1] $ 2,044 $ 1,788 $ 4,323 $ 3,420
[1] Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.