XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 167,707 $ 213,667
Marketable securities 28,960 9,156
Tuition receivable, net 97,429 62,953
Income taxes receivable 7,850 0
Other current assets 48,689 43,285
Total current assets 350,635 329,061
Property and equipment, net 117,872 132,845
Right-of-use lease assets 110,789 125,248
Marketable securities, non-current 1,914 13,123
Intangible assets, net 249,514 260,541
Goodwill 1,228,431 1,251,277
Other assets 54,945 49,652
Total assets 2,114,100 2,161,747
Current liabilities:    
Accounts payable and accrued expenses 102,122 90,588
Income taxes payable 0 6,989
Contract liabilities 140,248 88,488
Lease liabilities 23,121 23,879
Total current liabilities 265,491 209,944
Long-term debt 61,247 101,396
Deferred income tax liabilities 28,254 34,605
Lease liabilities, non-current 121,395 134,006
Other long-term liabilities 42,959 46,006
Total liabilities 519,346 525,957
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.01; 32,000,000 shares authorized; 24,402,891 and 24,419,092 shares issued and outstanding at December 31, 2022 and September 30, 2023, respectively 244 244
Additional paid-in capital 1,513,023 1,510,924
Accumulated other comprehensive loss (62,878) (35,068)
Retained earnings 144,365 159,690
Total stockholders’ equity 1,594,754 1,635,790
Total liabilities and stockholders’ equity $ 2,114,100 $ 2,161,747