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v3.23.1

Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2023
Accounting Policies [Abstract] |
Schedule of Cash, Cash Equivalents, and Restricted Cash | The following table illustrates the reconciliation of cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows as of March 31, 2022 and 2023 (in thousands):
| As of March 31,
| 2022 |  | 2023
Cash and cash equivalents | $ | 293,419 |  |  | $ | 202,824 |
Restricted cash included in other current assets | 13,396 |  |  | 15,481 |
Restricted cash included in other assets | 500 |  |  | 500 |
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows | $ | 307,315 |  |  | $ | 218,805 |
Schedule of Tuition Receivable and Allowance for Credit Losses | The Company’s tuition receivable and allowance for credit losses were as follows as of December 31, 2022 and March 31, 2023 (in thousands):
| December 31, 2022 |  | March 31, 2023
Tuition receivable | $ | 110,066 |  |  | $ | 117,146 |
Allowance for credit losses | (47,113) |  |  | (45,286) |
Tuition receivable, net | $ | 62,953 |  |  | $ | 71,860 |
Schedule of Allowance for Credit Losses | The following table illustrates changes in the Company’s allowance for credit losses for the three months ended March 31, 2022 and 2023 (in thousands).
| For the three months ended March 31, |  |
| 2022 |  | 2023 |  |  |  |
Allowance for credit losses, beginning of period | $ | 48,783 |  |  | $ | 47,113 |  |  |  |  |
Additions charged to expense | 7,217 |  |  | 9,654 |  |  |  |  |
Write-offs, net of recoveries | (11,108) |  |  | (11,481) |  |  |  |  |
Allowance for credit losses, end of period | $ | 44,892 |  |  | $ | 45,286 |  |  |  |  |
Schedule of Reconciliation of Shares Used to Calculate Basic and Diluted Earnings (Loss) per Share | Set forth below is a reconciliation of shares used to calculate basic and diluted earnings (loss) per share for the three months ended March 31, 2022 and 2023 (in thousands):
| For the three months ended March 31, |  |
| 2022 |  | 2023 |  |  |  |
Weighted average shares outstanding used to compute basic earnings (loss) per share | 23,948 |  |  | 23,430 |  |  |  |  |
Incremental shares issuable upon the assumed exercise of stock options | 2 |  |  | — |  |  |  |  |
Unvested restricted stock and restricted stock units | 164 |  |  | — |  |  |  |  |
Shares used to compute diluted earnings (loss) per share | 24,114 |  |  | 23,430 |  |  |  |  |
Anti-dilutive shares excluded from the diluted earnings (loss) per share calculation | 420 |  |  | 593 |  |  |  |  |

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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