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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net (loss) income $ (104,696) $ 8,638
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,267 5,175
Amortization of debt issuance costs 1,299 0
Stock-based compensation 4,706 4,165
Equity investment loss 11 827
Deferred income taxes (35,091) 1,648
Loss on disposals of long-lived assets 784 182
Impairment of goodwill and intangible assets 144,900 0
Gain on acquisition (3,828) 0
Other 9 3
Changes in operating assets and liabilities:    
Accounts receivable, net of allowance for bad debt 13,488 (1,297)
Prepaid expenses (2,869) (3,133)
Income tax receivable/payable 538 (5,277)
Operating leases, net 1,433 97
Other assets 567 (875)
Accounts payable and accrued liabilities 1,716 (1,680)
Accrued compensation and benefits 2,513 904
Deferred revenue and student deposits 3,644 (479)
Net cash provided by operating activities 45,391 8,898
Investing activities    
Cash received from acquisition, net of cash paid 1,932 0
Capital expenditures (7,309) (3,028)
Proceeds from the sale of real property 765 0
Net cash used in investing activities (4,612) (3,028)
Financing activities    
Cash paid for repurchase of common stock (1,454) (2,812)
Cash received from issuance of common stock 0 86,209
Cash paid for principal on borrowings and finance leases (4,433) 0
Net cash (used in) provided by financing activities (5,887) 83,397
Net increase in cash, cash equivalents, and restricted cash 34,892 89,267
Cash, cash equivalents, and restricted cash at beginning of period 149,627 227,686
Cash, cash equivalents, and restricted cash at end of period 184,519 316,953
Supplemental disclosure of cash flow information    
Interest paid 5,438 0
Income taxes paid $ 635 $ 6,887