XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUE:      
Total revenue $ 846,096 $ 681,263 $ 710,004
OPERATING EXPENSES:      
Educational services and facilities 197,540 120,860 130,324
General and administrative 410,923 367,052 398,084
Depreciation and amortization 41,627 14,645 16,887
Asset impairment 6 4,453 14,263
Total operating expenses 650,096 507,010 559,558
Operating income 196,000 174,253 150,446
OTHER INCOME:      
Interest income 26,310 28,993 19,980
Interest expense (6,465) (613) (404)
Miscellaneous income (expense) 991 (1,193) 22,099
Total other income 20,836 27,187 41,675
PRETAX INCOME 216,836 201,440 192,121
Provision for income taxes 56,922 53,850 44,469
NET INCOME $ 159,914 $ 147,590 $ 147,652
NET INCOME PER SHARE - BASIC: $ 2.47 $ 2.25 $ 2.22
NET INCOME PER SHARE - DILUTED: $ 2.42 $ 2.19 $ 2.18
WEIGHTED AVERAGE SHARES OUTSTANDING:      
Basic 64,805 65,646 66,468
Diluted 66,156 67,242 67,826
Tuition and Fees, Net [Member]      
REVENUE:      
Total revenue [1] $ 841,402 $ 676,071 $ 702,920
Other [Member]      
REVENUE:      
Total revenue [2] $ 4,694 $ 5,192 $ 7,084
[1] Tuition and fees, net, includes revenue earned for all degree-granting programs as well as revenue earned for non-degree and professional development programs.
[2] Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.