XML 105 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Revenues $ 997,137 $ 634,185 $ 454,851
Costs and expenses:      
Instructional and support costs 530,604 371,542 268,943
General and administration 272,411 194,035 129,332
Amortization of intangible assets 61,667 25,694 0
Merger and integration costs 21,923 45,745 11,879
Fair value adjustments and impairment of intangible assets 0 19,909 (7,512)
Total costs and expenses 886,605 656,925 402,642
Income (loss) from operations 110,532 (22,740) 52,209
Other income 13,192 3,601 437
Income (loss) before income taxes 123,724 (19,139) 52,646
Provision (benefit) for income taxes 42,586 (3,468) 32,034
Net income (loss) $ 81,138 $ (15,671) $ 20,612
Earnings (loss) per share:      
Basic (dollars per share) $ 3.73 $ (1.03) $ 1.93
Diluted (dollars per share) $ 3.67 $ (1.03) $ 1.84
Weighted average shares outstanding:      
Basic (in shares) 21,725 15,190 10,678
Diluted (in shares) 22,097 15,190 11,199