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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE:    
Total revenue $ 213,004 $ 168,264
OPERATING EXPENSES:    
Educational services and facilities 48,542 29,858
General and administrative 100,928 87,482
Depreciation and amortization 11,807 3,016
Asset impairment   1,630
Total operating expenses 161,277 121,986
Operating income 51,727 46,278
OTHER INCOME:    
Interest income 6,476 6,793
Interest expense (1,682) (335)
Miscellaneous (expense) income (16) 115
Total other income 4,778 6,573
PRETAX INCOME 56,505 52,851
Provision for income taxes 12,817 13,409
NET INCOME $ 43,688 $ 39,442
NET INCOME PER SHARE - BASIC: $ 0.67 $ 0.6
NET INCOME PER SHARE - DILUTED: $ 0.65 $ 0.59
WEIGHTED AVERAGE SHARES OUTSTANDING:    
Basic 65,680 65,555
Diluted 66,872 66,841
Tuition and Fees, Net [Member]    
REVENUE:    
Total revenue $ 211,848 $ 166,998
Other [Member]    
REVENUE:    
Total revenue [1] $ 1,156 $ 1,266
[1] Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.