XML 155 R5.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]      
Revenues $ 732,687 $ 607,408 $ 418,765
Operating expenses:      
Educational services and facilities 384,529 329,870 207,233
Selling, general and administrative 289,267 256,139 189,158
Total operating expenses 673,796 586,009 396,391
Income from operations 58,891 21,399 22,374
Other (expense) income:      
Interest income 6,314 5,861 507
Interest expense (9,471) (9,656) (2,002)
Other income (expense) 496 483 (438)
Total other (expense) income, net (2,661) (3,312) (1,933)
Income before income taxes 56,230 18,087 20,441
Income tax (expense) benefit (14,229) (5,765) 5,407
Net income 42,001 12,322 25,848
Preferred stock dividends (1,097) (5,069) (5,159)
Income available for distribution 40,904 7,253 20,689
Income allocated to participating securities (2,855) (2,712) (7,847)
Net income available to common shareholders $ 38,049 $ 4,541 $ 12,842
Earnings per share (See Note 20):      
Net income per share - basic (in dollars per share) $ 0.77 $ 0.13 $ 0.39
Net income per share - diluted (in dollars per share) $ 0.75 $ 0.13 $ 0.38
Weighted average number of shares outstanding:      
Basic (in shares) 49,429 33,985 33,218
Diluted (in shares) 50,851 34,479 33,743