Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

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, 2023 and 2024 (in thousands):

	As of March 31,
	2023		2024
Cash and cash equivalents	$	202,824	$	222,116
Restricted cash included in other current assets	15,481		15,212
Restricted cash included in other assets	500		500
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	218,805	$	237,828

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, 2023 and March 31, 2024 (in thousands):

	December 31, 2023		March 31, 2024
Tuition receivable	$	123,357	$	129,999
Allowance for credit losses	(47,255)		(46,917)
Tuition receivable, net	$	76,102	$	83,082

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, 2023 and 2024 (in thousands).

	For the three months ended March 31,
	2023		2024
Allowance for credit losses, beginning of period	$	47,113	$	47,255
Additions charged to expense	9,654		12,210
Write-offs, net of recoveries	(11,481)		(12,548)
Allowance for credit losses, end of period	$	45,286	$	46,917

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, 2023 and 2024 (in thousands):

	For the three months ended March 31,
	2023	2024
Weighted average shares outstanding used to compute basic earnings (loss) per share	23,430	23,391
Incremental shares issuable upon the assumed exercise of stock options	—	6
Unvested restricted stock and restricted stock units	—	663
Shares used to compute diluted earnings (loss) per share	23,430	24,060
Anti-dilutive shares excluded from the diluted earnings (loss) per share calculation	593	—