Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

The following table illustrates the reconciliation of cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows as of December 31, 2023 and 2024 (in thousands):

	As of December 31,
	2023		2024
Cash and cash equivalents	$	168,481	$	137,074
Restricted cash included in other current assets	12,944		9,082
Restricted cash included in other assets	500		500
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	181,925	$	146,656

Schedule of Restrictions on Cash and Cash Equivalents

The following table illustrates the reconciliation of cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows as of December 31, 2023 and 2024 (in thousands):

	As of December 31,
	2023		2024
Cash and cash equivalents	$	168,481	$	137,074
Restricted cash included in other current assets	12,944		9,082
Restricted cash included in other assets	500		500
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	181,925	$	146,656

Schedule of Tuition Receivable and Allowance for Credit Losses

The Company’s current tuition receivable and allowance for credit losses were as follows as of December 31, 2023 and 2024 (in thousands):

	December 31, 2023		December 31, 2024
Tuition receivable	$	123,357	$	127,012
Allowance for credit losses	(47,255)		(50,885)
Tuition receivable, net	$	76,102	$	76,127

Schedule of Allowance for Credit Losses

The following table illustrates changes in the Company’s current and non-current allowance for credit losses for each of the three years ended December 31, 2024 (in thousands):

	2022		2023		2024
Allowance for credit losses, beginning of period	$	48,783	$	47,586	$	47,605
Additions charged to expense	41,226		48,444		53,491
Write-offs, net of recoveries	(42,423)		(48,425)		(54,911)
Allowance for credit losses, end of period	$	47,586	$	47,605	$	46,185

Schedule of Reconciliation of Shares Used to Calculate Basic and Diluted Earnings Per Share

Set forth below is a reconciliation of shares used to calculate basic and diluted earnings per share for each of the three years ended December 31, 2024 (in thousands):

	2022	2023	2024
Weighted average shares outstanding used to compute basic earnings per share	23,679	23,403	23,406
Incremental shares issuable upon the assumed exercise of stock options	3	4	5
Unvested restricted stock and restricted stock units	316	549	729
Shares used to compute diluted earnings per share	23,998	23,956	24,140
Anti-dilutive shares excluded from the diluted earnings per share calculation	114	174	—