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Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
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, 2024 and 2025 (in thousands):
As of March 31,
20242025
Cash and cash equivalents$222,116 $144,215 
Restricted cash included in other current assets15,212 11,869 
Restricted cash included in other assets500 500 
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows$237,828 $156,584 
Schedule of Restrictions on Cash and Cash Equivalents
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, 2024 and 2025 (in thousands):
As of March 31,
20242025
Cash and cash equivalents$222,116 $144,215 
Restricted cash included in other current assets15,212 11,869 
Restricted cash included in other assets500 500 
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows$237,828 $156,584 
Schedule of Tuition Receivable and Allowance for Credit Losses
The Company’s current tuition receivable and allowance for credit losses were as follows as of December 31, 2024 and March 31, 2025 (in thousands):
December 31, 2024March 31, 2025
Tuition receivable$127,012 $139,818 
Allowance for credit losses(50,885)(49,504)
Tuition receivable, net$76,127 $90,314 
Schedule of Allowance for Credit Losses
The following table illustrates changes in the Company’s current and non-current allowance for credit losses for the three months ended March 31, 2024 and 2025 (in thousands).
For the three months ended March 31,
20242025
Allowance for credit losses, beginning of period$47,605 $46,185 
Additions charged to expense12,210 12,774 
Write-offs, net of recoveries(12,540)(13,389)
Allowance for credit losses, end of period$47,275 $45,570 
Schedule of Reconciliation of Shares Used to Calculate Basic and Diluted Earnings per Share
Set forth below is a reconciliation of shares used to calculate basic and diluted earnings per share for the three months ended March 31, 2024 and 2025 (in thousands):
For the three months ended March 31,
20242025
Weighted average shares outstanding used to compute basic earnings per share23,391 23,320 
Incremental shares issuable upon the assumed exercise of stock options
Unvested restricted stock and restricted stock units663 743 
Shares used to compute diluted earnings per share24,060 24,065 
Anti-dilutive shares excluded from the diluted earnings per share calculation— 95