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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUE:        
Total revenue $ 179,923 $ 168,420 $ 562,085 $ 519,063
OPERATING EXPENSES:        
Educational services and facilities 33,502 30,149 100,101 85,506
General and administrative 92,054 103,882 305,328 311,510
Depreciation and amortization 3,914 5,065 13,438 14,856
Asset impairment 7,380   8,715 228
Total operating expenses 136,850 139,096 427,582 412,100
Operating income 43,073 29,324 134,503 106,963
OTHER INCOME:        
Interest income 5,210 2,270 13,559 3,697
Interest expense (97) (96) (288) (298)
Miscellaneous (expense) income (98) (206) 21,970 (521)
Total other income 5,015 1,968 35,241 2,878
PRETAX INCOME 48,088 31,292 169,744 109,841
Provision for income taxes 6,781 9,225 39,280 29,929
NET INCOME $ 41,307 $ 22,067 $ 130,464 $ 79,912
NET INCOME PER SHARE - BASIC: $ 0.63 $ 0.33 $ 1.95 $ 1.17
NET INCOME PER SHARE - DILUTED: $ 0.62 $ 0.32 $ 1.92 $ 1.16
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 65,634 67,506 66,758 68,193
Diluted 67,103 68,550 68,072 69,131
Tuition and Fees, Net [Member]        
REVENUE:        
Total revenue $ 178,259 $ 166,437 $ 556,098 $ 513,660
Other [Member]        
REVENUE:        
Total revenue [1] $ 1,664 $ 1,983 $ 5,987 $ 5,403
[1] Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.