XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 151,460 $ 137,074
Marketable securities 21,189 46,949
Tuition receivable, net 114,882 76,127
Income taxes receivable 2,433 0
Assets held for sale 2,200 0
Other current assets 54,266 44,793
Total current assets 346,430 304,943
Property and equipment, net 107,774 111,247
Right-of-use lease assets 95,993 103,673
Marketable securities, non-current 9,989 14,981
Intangible assets 248,925 245,098
Goodwill 1,237,065 1,206,883
Other assets 65,787 62,910
Total assets 2,111,963 2,049,735
Current liabilities:    
Accounts payable and accrued expenses 113,171 101,749
Income taxes payable 0 2,926
Contract liabilities 151,899 89,563
Lease liabilities 18,412 22,222
Total current liabilities 283,482 216,460
Deferred income tax liabilities 30,919 27,586
Lease liabilities, non-current 99,239 103,004
Other long-term liabilities 42,220 40,186
Total liabilities 455,860 387,236
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.01; 32,000,000 shares authorized; 24,502,385 and 23,504,950 shares issued and outstanding at December 31, 2024 and September 30, 2025, respectively 235 245
Additional paid-in capital 1,467,401 1,532,414
Accumulated other comprehensive loss (52,631) (88,565)
Retained earnings 241,098 218,405
Total stockholders’ equity 1,656,103 1,662,499
Total liabilities and stockholders’ equity $ 2,111,963 $ 2,049,735