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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 470,319 $ 419,693
Marketable securities 23,106 34,874
Tuition receivable, net 41,004 51,523
Other current assets 19,067 18,004
Total current assets 553,496 524,094
Property and equipment, net 117,247 117,029
Right-of-use lease assets 81,418 84,778
Marketable securities, non-current 31,917 36,633
Intangible assets, net 245,344 273,011
Goodwill 732,075 732,075
Other assets 30,067 21,788
Total assets 1,791,564 1,789,408
Current liabilities:    
Accounts payable and accrued expenses 67,258 90,828
Income taxes payable 16,722 1,352
Contract liabilities 40,052 39,284
Lease liabilities 24,852 25,284
Total current liabilities 148,884 156,748
Deferred income tax liabilities 40,107 47,942
Lease liabilities, non-current 77,458 80,557
Other long-term liabilities 40,565 41,451
Total liabilities 307,014 326,698
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.01; 32,000,000 shares authorized; 21,964,809 and 22,222,936 shares issued and outstanding at December 31, 2019 and June 30, 2020, respectively 222 220
Additional paid-in capital 1,291,597 1,309,438
Accumulated other comprehensive income 659 233
Retained earnings 192,072 152,819
Total stockholders’ equity 1,484,550 1,462,710
Total liabilities and stockholders’ equity $ 1,791,564 $ 1,789,408