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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income $ 9,109,000 $ 5,932,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,729,000 7,994,000
Stock-based compensation 3,323,000 3,319,000
Equity investment loss 0 1,481,000
Deferred income taxes 2,570,000 891,000
Loss on disposals of long-lived assets 324,000 130,000
Impairment of goodwill 0 5,855,000
Other 10,000 62,000
Changes in operating assets and liabilities:    
Accounts receivable, net of allowance for bad debt 4,403,000 7,646,000
Prepaid expenses (2,727,000) (2,407,000)
Income tax receivable/payable (844,000) (3,864,000)
Operating leases, net 53,000 364,000
Other assets (317,000) 292,000
Accounts payable 1,202,000 (4,187,000)
Accrued compensation and benefits 3,352,000 (3,612,000)
Accrued liabilities 1,201,000 3,080,000
Deferred revenue and student deposits 3,357,000 744,000
Net cash provided by operating activities 31,745,000 23,720,000
Investing activities    
Capital expenditures (2,893,000) (2,957,000)
Net cash used in investing activities (2,893,000) (2,957,000)
Financing activities    
Cash paid for repurchase of common stock (15,554,000) (12,061,000)
Net cash used in financing activities (15,554,000) (12,061,000)
Net increase in cash, cash equivalents, and restricted cash 13,298,000 8,702,000
Cash, cash equivalents, and restricted cash at beginning of period 202,740,000 212,131,000
Cash, cash equivalents, and restricted cash at end of period 216,038,000 220,833,000
Supplemental disclosure of cash flow information    
Income taxes paid $ 1,780,000 $ 4,809,000