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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenue $ 67,888 $ 72,992 $ 211,889 $ 220,757
Costs and expenses:        
Instructional costs and services 27,268 28,186 83,908 86,839
Selling and promotional 15,873 14,139 45,007 43,004
General and administrative 22,021 19,298 59,209 55,780
Loss on disposals of long-lived assets 394 196 524 882
Impairment of goodwill 1,481 0 7,336 0
Depreciation and amortization 3,764 4,289 11,758 13,158
Total costs and expenses 70,801 66,108 207,742 199,663
(Loss) income from operations before interest income and income taxes (2,913) 6,884 4,147 21,094
Interest income, net 1,019 774 3,207 1,928
(Loss) income before income taxes (1,894) 7,658 7,354 23,022
Income tax (benefit) expense (239) 1,848 1,596 5,993
Equity investment income (loss) 17 (311) (1,464) (483)
Net (loss) income $ (1,638) $ 5,499 $ 4,294 $ 16,546
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.10) $ 0.33 $ 0.26 $ 1.01
Diluted (in dollars per share) $ (0.10) $ 0.33 $ 0.26 $ 1.00
Weighted average number of common shares:        
Basic (in shares) 15,966,789 16,423,548 16,335,097 16,397,483
Diluted (in shares) 16,120,779 16,658,159 16,486,837 16,627,532