Equity Awards

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

The following table sets forth the amount of stock-based compensation expense recorded in each of the expense line items for the three months ended March 31, 2024 and 2025 (in thousands):


	For the three months ended March 31,
	2024		2025
Instructional and support costs	$	1,233	$	2,287
General and administration	3,960		3,077
Restructuring costs	136		107
Stock-based compensation expense included in operating expense	5,329		5,471
Tax benefit	1,425		1,435
Stock-based compensation expense, net of tax	$	3,904	$	4,036

During the three months ended March 31, 2024 and 2025, the Company recognized shortfall tax impacts of approximately $1.3 million and windfall tax impacts of approximately $0.5 million, respectively, related to share-based payment arrangements, which were adjustments to the provision for income taxes.