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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 7,029 $ 9,577
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred financing costs 138 138
Amortization of investment discount/premium 15 24
Depreciation and amortization 16,272 34,571
Deferred income taxes (4,955) (8,898)
Stock-based compensation 5,068 3,900
Impairment of right-of-use lease assets 0 14,388
Changes in assets and liabilities:    
Tuition receivable, net (12,669) (13,417)
Other assets (6,374) (9,897)
Accounts payable and accrued expenses 2,972 (10,276)
Income taxes payable and income taxes receivable 9,660 12,777
Contract liabilities 41,012 46,872
Other liabilities (1,573) (978)
Net cash provided by operating activities 56,595 78,781
Cash flows from investing activities:    
Purchases of property and equipment (9,686) (12,650)
Proceeds from marketable securities 1,100 1,930
Other investments (175) (72)
Net cash used in investing activities (8,761) (10,792)
Cash flows from financing activities:    
Common dividends paid (15,018) (14,778)
Net payments for stock awards (2,849) (2,326)
Repurchase of common stock (3,961) 0
Net cash used in financing activities (21,828) (17,104)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 2,097 (866)
Net increase in cash, cash equivalents, and restricted cash 28,103 50,019
Cash, cash equivalents, and restricted cash — beginning of period 279,212 202,020
Cash, cash equivalents, and restricted cash — end of period 307,315 252,039
Non-cash transactions:    
Non-cash additions to property and equipment 5,111 7,526
Right-of-use lease assets obtained in exchange for operating lease liabilities $ 418 $ 46,147