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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash, cash equivalents, and restricted cash (Note 2) $ 170,943 $ 149,627
Accounts receivable, net of allowance of $11,769 in 2022 and $11,396 in 2021 33,664 36,026
Prepaid expenses 15,527 11,681
Income tax receivable 4,766 5,303
Total current assets 224,900 202,637
Property and equipment, net 100,052 102,417
Operating lease assets, net 104,484 77,943
Goodwill 243,993 243,486
Intangible assets, net 82,094 85,082
Other assets, net 15,887 14,043
Total assets 771,410 725,608
Current liabilities:    
Accounts payable 11,273 13,497
Accrued compensation and benefits 17,552 15,131
Accrued liabilities 13,791 10,819
Deferred revenue and student deposits 27,920 21,776
Lease liabilities, current 14,416 13,705
Long-term debt, current 8,750 8,750
Total current liabilities 93,702 83,678
Lease liabilities, long-term 96,859 69,488
Deferred income taxes 7,456 5,059
Long-term debt, net 150,212 151,771
Total liabilities 348,229 309,996
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $.01 par value; 10,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $.01 par value; 100,000 shares authorized; 18,856 issued and outstanding in 2022; 18,709 issued and outstanding in 2021 189 187
Additional paid-in capital 287,295 286,385
Accumulated other comprehensive income 1,432 108
Retained earnings 134,265 128,932
Total stockholders’ equity 423,181 415,612
Total liabilities and stockholders’ equity $ 771,410 $ 725,608