Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents, unrestricted		$ 132,055	$ 109,130
Restricted cash		21,594	22,623
Total cash, cash equivalents and restricted cash		153,649	131,753
Short-term investments		458,527	459,795
Total cash and cash equivalents, restricted cash and short-term investments		612,176	591,548
Student receivables, gross		84,125	63,925
Allowance for credit losses		(38,453)	(41,118)
Student receivables, net		45,672	22,807
Receivables, other		9,986	5,330
Prepaid expenses		14,672	16,910
Inventories		3,251	3,388
Other current assets		247	171
Total current assets		686,004	640,154
NON-CURRENT ASSETS:
Property and equipment, net of accumulated depreciation of $73,688 and $67,492 as of March 31, 2025 and December 31, 2024, respectively		89,495	95,508
Right of use asset, net - operating		48,408	50,099
Right of use asset, net - finance		14,096	15,375
Goodwill		258,070	258,012
Intangible assets, net of amortization of $32,056 and $27,725 as of March 31, 2025 and December 31, 2024, respectively		90,675	95,006
Student receivables, gross		9,553	8,597
Allowance for credit losses		(4,413)	(2,402)
Student receivables, net		5,140	6,195
Deferred income tax assets, net		68,774	68,774
Other assets		7,882	7,911
TOTAL ASSETS	[1]	1,268,544	1,237,034
CURRENT LIABILITIES:
Lease liability-operating		5,278	7,792
Lease liability-finance		5,095	5,466
Accounts payable		13,374	12,805
Accrued expenses:
Payroll and related benefits		27,158	35,059
Advertising and marketing costs		6,902	8,135
Income taxes		17,869	4,926
Other		15,437	21,239
Deferred revenue		62,847	36,740
Total current liabilities		153,960	132,162
NON-CURRENT LIABILITIES:
Lease liability-operating		50,375	50,224
Lease liability-finance		10,231	11,555
Sale lease-back financing		56,657
Construction financing			56,500
Other liabilities		27,066	27,057
Total non-current liabilities		144,329	145,336
Commitments and Contingencies (Note 9)
STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued or outstanding
Common stock, $0.01 par value; 300,000,000 shares authorized; 91,973,921 and 91,023,660 shares issued, 65,536,259 and 65,719,224 shares outstanding as of March 31, 2025 and December 31, 2024, respectively		920	910
Additional paid-in capital		711,037	707,212
Accumulated other comprehensive income		673	166
Retained earnings		630,542	595,672
Treasury stock, at cost; 26,437,662 and 25,304,436 shares as of March 31, 2025 and December 31, 2024, respectively		(372,917)	(344,424)
Total stockholders' equity		970,255	959,536
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$ 1,268,544	$ 1,237,034

[1] Total assets are presented on a condensed consolidated basis and do not include intercompany receivable or payable activity between segments and corporate and other.