XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenues $ 520,837 $ 470,284 $ 1,505,886 $ 1,353,869
Instructional costs and services 319,508 295,032 930,495 878,880
Gross margin 201,329 175,252 575,391 474,989
Selling, general, and administrative expenses 113,016 103,053 399,469 363,436
Income from operations 88,313 72,199 175,922 111,553
Interest expense, net (2,404) (2,206) (6,494) (6,334)
Other income, net 7,678 4,587 19,381 9,594
Income before income taxes and income (loss) from equity method investments 93,587 74,580 188,809 114,813
Income tax expense (24,657) (19,525) (48,383) (30,878)
Income (loss) from equity method investments 757 407 975 (440)
Net income attributable to common stockholders $ 69,687 $ 55,462 $ 141,401 $ 83,495
Net income attributable to common stockholders per share:        
Basic (in dollars per share) $ 1.63 $ 1.31 $ 3.32 $ 1.98
Diluted (in dollars per share) $ 1.60 $ 1.30 $ 3.26 $ 1.96
Basic (in shares) 42,684,561 42,375,480 42,581,869 42,237,056
Diluted (in shares) 43,655,841 42,714,090 43,389,903 42,652,223