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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 213,667 $ 268,918
Marketable securities 9,156 6,501
Tuition receivable, net 62,953 51,277
Income taxes receivable 0 313
Other current assets 43,285 40,777
Total current assets 329,061 367,786
Property and equipment, net 132,845 150,589
Right-of-use lease assets 125,248 149,587
Marketable securities, non-current 13,123 23,377
Intangible assets, net 260,541 276,380
Goodwill 1,251,277 1,285,864
Other assets 49,652 52,297
Total assets 2,161,747 2,305,880
Current liabilities:    
Accounts payable and accrued expenses 90,588 95,518
Income taxes payable 6,989 0
Contract liabilities 88,488 73,232
Lease liabilities 23,879 27,005
Total current liabilities 209,944 195,755
Long-term debt 101,396 141,630
Deferred income tax liabilities 34,605 44,595
Lease liabilities, non-current 134,006 162,821
Other long-term liabilities 46,006 47,089
Total liabilities 525,957 591,890
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.01; 32,000,000 shares authorized; 24,592,098 and 24,402,891 shares issued and outstanding at December 31, 2021 and 2022, respectively 244 246
Additional paid-in capital 1,510,924 1,529,969
Accumulated other comprehensive income (loss) (35,068) 9,203
Retained earnings 159,690 174,572
Total stockholders’ equity 1,635,790 1,713,990
Total liabilities and stockholders’ equity $ 2,161,747 $ 2,305,880