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Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenue $ 79,133,000 $ 67,888,000 $ 235,876,000 $ 211,889,000
Costs and expenses:        
Instructional costs and services 31,084,000 27,268,000 91,058,000 83,908,000
Selling and promotional 18,523,000 15,873,000 53,765,000 45,007,000
General and administrative 22,574,000 22,021,000 65,314,000 59,209,000
Loss on disposals of long-lived assets 418,000 394,000 742,000 524,000
Impairment of goodwill 0 1,481,000 0 7,336,000
Depreciation and amortization 3,226,000 3,764,000 9,955,000 11,758,000
Total costs and expenses 75,825,000 70,801,000 220,834,000 207,742,000
Income (loss) from operations before interest income and income taxes 3,308,000 (2,913,000) 15,042,000 4,147,000
Interest income, net 121,000 1,019,000 1,002,000 3,207,000
Income (loss) before income taxes 3,429,000 (1,894,000) 16,044,000 7,354,000
Income tax expense (benefit) 785,000 (239,000) 4,291,000 1,596,000
Equity investment income (loss) (2,000) 17,000 (2,000) (1,464,000)
Net income (loss) $ 2,642,000 $ (1,638,000) $ 11,751,000 $ 4,294,000
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.18 $ (0.10) $ 0.79 $ 0.26
Diluted (in dollars per share) $ 0.18 $ (0.10) $ 0.78 $ 0.26
Weighted average number of common shares:        
Basic (in shares) 14,797 15,967 14,870 16,335
Diluted (in shares) 15,011 16,121 15,021 16,487