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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash, cash equivalents, and restricted cash (Note 2) $ 141,487 $ 227,686
Accounts receivable, net of allowance of $11,010 in 2021 and $5,983 in 2020 29,447 17,652
Prepaid expenses 13,152 6,472
Income tax receivable 5,822 0
Total current assets 189,908 251,810
Property and equipment, net 102,565 68,434
Operating lease assets, net 83,886 8,743
Investments 9,668 10,495
Intangible assets, net 88,936 3,721
Goodwill 243,766 26,563
Other assets, net 4,458 1,252
Total assets 723,187 371,018
Current liabilities:    
Accounts payable 9,066 3,757
Accrued compensation and benefits 17,724 15,660
Accrued liabilities 14,723 10,967
Deferred revenue and student deposits 25,990 22,104
Income tax payable 0 178
Operating lease liabilities, current 13,876 2,392
Long-term debt, current 8,750 0
Total current liabilities 90,129 55,058
Operating lease liabilities, long-term 73,420 6,455
Deferred income taxes 1,864 2,580
Long-term debt, net 153,336 0
Total liabilities 318,749 64,093
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $.01 par value; Authorized shares - 10,000; no shares issued or outstanding 0 0
Common stock, $.01 par value; Authorized shares - 100,000; 18,709 issued and outstanding in 2021; 14,809 issued and outstanding in 2020 187 148
Additional paid-in capital 284,700 195,597
Retained earnings 119,551 111,180
Total stockholders’ equity 404,438 306,925
Total liabilities and stockholders’ equity $ 723,187 $ 371,018