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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income $ 11,751,000 $ 4,294,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,955,000 11,758,000
Stock-based compensation 5,265,000 5,031,000
Equity investment loss 2,000 1,464,000
Deferred income taxes 1,974,000 599,000
Loss on disposals of long-lived assets 742,000 524,000
Impairment of goodwill 0 7,336,000
Other 24,000 83,000
Changes in operating assets and liabilities:    
Accounts receivable, net of allowance for bad debt 1,765,000 6,117,000
Prepaid expenses (807,000) (832,000)
Income tax receivable/payable (743,000) (4,751,000)
Operating leases, net (26,000) 361,000
Other assets (427,000) 303,000
Accounts payable 943,000 (5,145,000)
Accrued compensation and benefits 3,031,000 (1,909,000)
Accrued liabilities 3,219,000 4,405,000
Deferred revenue and student deposits 8,065,000 2,298,000
Net cash provided by operating activities 44,733,000 31,936,000
Investing activities    
Capital expenditures (4,171,000) (4,151,000)
Proceeds from the sale of real property 412,000 0
Net cash used in investing activities (3,759,000) (4,151,000)
Financing activities    
Cash paid for repurchase of common stock (15,705,000) (29,813,000)
Net cash used in financing activities (15,705,000) (29,813,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash 25,269,000 (2,028,000)
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 228,009,000 210,103,000
Supplemental disclosure of cash flow information    
Income taxes paid $ 3,062,000 $ 5,749,000