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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 144,215 $ 137,074
Marketable securities 38,424 46,949
Tuition receivable, net 90,314 76,127
Other current assets 55,334 44,793
Total current assets 328,287 304,943
Property and equipment, net 109,672 111,247
Right-of-use lease assets 100,293 103,673
Marketable securities, non-current 14,984 14,981
Intangible assets 245,452 245,098
Goodwill 1,209,710 1,206,883
Other assets 65,815 62,910
Total assets 2,074,213 2,049,735
Current liabilities:    
Accounts payable and accrued expenses 102,665 101,749
Income taxes payable 10,190 2,926
Contract liabilities 126,505 89,563
Lease liabilities 20,076 22,222
Total current liabilities 259,436 216,460
Deferred income tax liabilities 30,701 27,586
Lease liabilities, non-current 99,407 103,004
Other long-term liabilities 41,355 40,186
Total liabilities 430,899 387,236
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.01; 32,000,000 shares authorized; 24,502,385 and 24,261,716 shares issued and outstanding at December 31, 2024 and March 31, 2025, respectively 243 245
Additional paid-in capital 1,502,852 1,532,414
Accumulated other comprehensive loss (85,221) (88,565)
Retained earnings 225,440 218,405
Total stockholders’ equity 1,643,314 1,662,499
Total liabilities and stockholders’ equity $ 2,074,213 $ 2,049,735