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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUE:        
Total revenue $ 166,740 $ 186,564 $ 335,004 $ 382,162
OPERATING EXPENSES:        
Educational services and facilities 27,516 32,748 57,374 66,599
General and administrative 89,311 100,588 176,793 213,274
Depreciation and amortization 3,069 4,369 6,085 9,524
Asset impairment 838 765 2,468 1,335
Total operating expenses 120,734 138,470 242,720 290,732
Operating income 46,006 48,094 92,284 91,430
OTHER INCOME:        
Interest income 7,190 4,531 13,983 8,349
Interest expense (112) (96) (447) (191)
Miscellaneous (expense) income (70) 22,074 45 22,068
Total other income 7,008 26,509 13,581 30,226
PRETAX INCOME 53,014 74,603 105,865 121,656
Provision for income taxes 14,585 19,930 27,994 32,499
NET INCOME $ 38,429 $ 54,673 $ 77,871 $ 89,157
NET INCOME PER SHARE - BASIC: $ 0.59 $ 0.81 $ 1.19 $ 1.32
NET INCOME PER SHARE - DILUTED: $ 0.57 $ 0.8 $ 1.16 $ 1.3
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 65,611 67,421 65,583 67,328
Diluted 67,077 68,533 66,956 68,512
Tuition and Fees, Net [Member]        
REVENUE:        
Total revenue $ 165,404 $ 184,520 $ 332,402 $ 377,839
Other [Member]        
REVENUE:        
Total revenue [1] $ 1,336 $ 2,044 $ 2,602 $ 4,323
[1] Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.