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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash, cash equivalents, and restricted cash (Note 2) $ 149,627 $ 227,686
Accounts receivable, net of allowance of $5,983 in 2020 and $11,396 in 2021. 36,026 17,652
Prepaid expenses 11,681 6,472
Income tax receivable 5,303 0
Total current assets 202,637 251,810
Property and equipment, net 102,417 68,434
Operating lease assets, net 77,943 8,743
Intangible assets, net 85,082 3,721
Goodwill 243,486 26,563
Other assets, net 14,043 11,747
Total assets 725,608 371,018
Current liabilities:    
Accounts payable 13,497 3,757
Accrued compensation and benefits 15,131 15,660
Accrued liabilities 10,819 10,967
Deferred revenue and student deposits 21,776 22,104
Income tax payable 0 178
Operating lease liabilities, current 13,705 2,392
Long-term debt, current 8,750 0
Total current liabilities 83,678 55,058
Operating lease liability, long term 69,488 6,455
Deferred income taxes 5,059 2,580
Long-term debt, net 151,771 0
Total liabilities 309,996 64,093
Commitments and contingencies (Note 12)
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; 14,809 issued and outstanding in 2020; 18,709 issued and outstanding in 2021 187 148
Additional paid-in capital 286,385 195,597
Accumulated other comprehensive income 108 0
Retained earnings 128,932 111,180
Total stockholders’ equity 415,612 306,925
Total liabilities and stockholders’ equity $ 725,608 $ 371,018