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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 137,074 $ 168,481
Marketable securities 46,949 39,728
Tuition receivable, net 76,127 76,102
Other current assets 44,793 44,758
Total current assets 304,943 329,069
Property and equipment, net 111,247 118,529
Right-of-use lease assets 103,673 119,202
Marketable securities, non-current 14,981 483
Intangible assets, net 245,098 251,623
Goodwill 1,206,883 1,251,888
Other assets 62,910 54,419
Total assets 2,049,735 2,125,213
Current liabilities:    
Accounts payable and accrued expenses 101,749 90,888
Income taxes payable 2,926 2,200
Contract liabilities 89,563 92,341
Lease liabilities 22,222 24,190
Total current liabilities 216,460 209,619
Long-term debt 0 61,400
Deferred income tax liabilities 27,586 28,338
Lease liabilities, non-current 103,004 127,735
Other long-term liabilities 40,186 45,603
Total liabilities 387,236 472,695
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.01; 32,000,000 shares authorized; 24,406,816 and 24,502,385 shares issued and outstanding at December 31, 2023 and 2024, respectively 245 244
Additional paid-in capital 1,532,414 1,517,650
Accumulated other comprehensive loss (88,565) (34,247)
Retained earnings 218,405 168,871
Total stockholders’ equity 1,662,499 1,652,518
Total liabilities and stockholders’ equity $ 2,049,735 $ 2,125,213