Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Schedule of Cash, Cash Equivalents, and Restricted Cash

The following table illustrates the reconciliation of cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows as of March 31, 2022 and 2023 (in thousands):

	As of March 31,
	2022		2023
Cash and cash equivalents	$	293,419	$	202,824
Restricted cash included in other current assets	13,396		15,481
Restricted cash included in other assets	500		500
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	307,315	$	218,805

Schedule of Tuition Receivable and Allowance for Credit Losses

The Company’s tuition receivable and allowance for credit losses were as follows as of December 31, 2022 and March 31, 2023 (in thousands):

	December 31, 2022		March 31, 2023
Tuition receivable	$	110,066	$	117,146
Allowance for credit losses	(47,113)		(45,286)
Tuition receivable, net	$	62,953	$	71,860

Schedule of Allowance for Credit Losses

The following table illustrates changes in the Company’s allowance for credit losses for the three months ended March 31, 2022 and 2023 (in thousands).

	For the three months ended March 31,
	2022		2023
Allowance for credit losses, beginning of period	$	48,783	$	47,113
Additions charged to expense	7,217		9,654
Write-offs, net of recoveries	(11,108)		(11,481)
Allowance for credit losses, end of period	$	44,892	$	45,286

Schedule of Reconciliation of Shares Used to Calculate Basic and Diluted Earnings (Loss) per Share

Set forth below is a reconciliation of shares used to calculate basic and diluted earnings (loss) per share for the three months ended March 31, 2022 and 2023 (in thousands):

	For the three months ended March 31,
	2022	2023
Weighted average shares outstanding used to compute basic earnings (loss) per share	23,948	23,430
Incremental shares issuable upon the assumed exercise of stock options	2	—
Unvested restricted stock and restricted stock units	164	—
Shares used to compute diluted earnings (loss) per share	24,114	23,430
Anti-dilutive shares excluded from the diluted earnings (loss) per share calculation	420	593