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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 133,600 $ 137,074
Marketable securities 31,350 46,949
Tuition receivable, net 97,878 76,127
Income taxes receivable 762 0
Other current assets 56,353 44,793
Total current assets 319,943 304,943
Property and equipment, net 111,027 111,247
Right-of-use lease assets 100,049 103,673
Marketable securities, non-current 14,986 14,981
Intangible assets 248,172 245,098
Goodwill 1,231,105 1,206,883
Other assets 66,241 62,910
Total assets 2,091,523 2,049,735
Current liabilities:    
Accounts payable and accrued expenses 99,189 101,749
Income taxes payable 0 2,926
Contract liabilities 135,179 89,563
Lease liabilities 20,112 22,222
Total current liabilities 254,480 216,460
Deferred income tax liabilities 27,925 27,586
Lease liabilities, non-current 100,190 103,004
Other long-term liabilities 42,211 40,186
Total liabilities 424,806 387,236
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.01; 32,000,000 shares authorized; 24,502,385 and 23,948,762 shares issued and outstanding at December 31, 2024 and June 30, 2025, respectively 239 245
Additional paid-in capital 1,489,271 1,532,414
Accumulated other comprehensive loss (58,869) (88,565)
Retained earnings 236,076 218,405
Total stockholders’ equity 1,666,717 1,662,499
Total liabilities and stockholders’ equity $ 2,091,523 $ 2,049,735