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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 717,804 $ 419,693
Marketable securities 20,457 34,874
Tuition receivable, net 45,958 51,523
Other current assets 22,156 18,004
Total current assets 806,375 524,094
Property and equipment, net 115,607 117,029
Right-of-use lease assets 80,719 84,778
Marketable securities, non-current 30,663 36,633
Intangible assets, net 231,511 273,011
Goodwill 732,075 732,075
Other assets 50,369 21,788
Total assets 2,047,319 1,789,408
Current liabilities:    
Accounts payable and accrued expenses 115,829 90,828
Income taxes payable 12,093 1,352
Contract liabilities 42,633 39,284
Lease liabilities 24,740 25,284
Total current liabilities 195,295 156,748
Deferred income tax liabilities 34,012 47,942
Lease liabilities, non-current 76,802 80,557
Other long-term liabilities 36,152 41,451
Total liabilities 342,261 326,698
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.01; 32,000,000 shares authorized; 21,964,809 and 24,403,364 shares issued and outstanding at December 31, 2019 and September 30, 2020, respectively 244 220
Additional paid-in capital 1,515,662 1,309,438
Accumulated other comprehensive income 760 233
Retained earnings 188,392 152,819
Total stockholders’ equity 1,705,058 1,462,710
Total liabilities and stockholders’ equity $ 2,047,319 $ 1,789,408