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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash, cash equivalents, and restricted cash (Note 2) $ 184,519 $ 149,627
Accounts receivable, net of allowance of $11,889 in 2022 and $11,396 in 2021 26,820 36,026
Prepaid expenses 14,632 11,681
Income tax receivable 4,765 5,303
Total current assets 230,736 202,637
Property and equipment, net 100,164 102,417
Operating lease assets, net 110,062 77,943
Deferred income taxes 28,536 0
Goodwill 112,593 243,486
Intangible assets, net 64,641 85,082
Other assets, net 15,336 14,043
Total assets 662,068 725,608
Current liabilities:    
Accounts payable and accrued liabilities 26,550 24,316
Accrued compensation and benefits 17,664 15,131
Deferred revenue and student deposits 27,389 21,776
Lease liabilities, current 14,702 13,705
Long-term debt, current 8,750 8,750
Total current liabilities 95,055 83,678
Lease liabilities, long-term 102,366 69,488
Deferred income taxes 0 5,059
Long-term debt, net 148,645 151,771
Total liabilities 346,066 309,996
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; 18,878 issued and outstanding in 2022; 18,709 issued and outstanding in 2021 189 187
Additional paid-in capital 289,635 286,385
Accumulated other comprehensive income 1,942 108
Retained earnings 24,236 128,932
Total stockholders’ equity 316,002 415,612
Total liabilities and stockholders’ equity $ 662,068 $ 725,608