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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash, cash equivalents, and restricted cash (Note 2) $ 185,500 $ 149,627
Accounts receivable, net of allowance of $12,342 in 2022 and $11,396 in 2021 27,527 36,026
Prepaid expenses 11,484 11,681
Income tax receivable 4,162 5,303
Total current assets 228,673 202,637
Property and equipment, net 99,546 102,417
Operating lease assets, net 110,096 77,943
Deferred income taxes 32,361 0
Goodwill 112,593 243,486
Intangible assets, net 60,687 85,082
Other assets, net 16,871 14,043
Total assets 660,827 725,608
Current liabilities:    
Accounts payable and accrued liabilities 26,577 24,316
Accrued compensation and benefits 18,588 15,131
Deferred revenue and student deposits 27,585 21,776
Lease liabilities, current 14,338 13,705
Long-term debt, current 8,750 8,750
Total current liabilities 95,838 83,678
Lease liabilities, long-term 102,567 69,488
Deferred income taxes 0 5,059
Long-term debt, net 147,070 151,771
Total liabilities 345,475 309,996
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; 18,892 issued and outstanding in 2022; 18,709 issued and outstanding in 2021 189 187
Additional paid-in capital 291,552 286,385
Accumulated other comprehensive income 3,137 108
Retained earnings 20,474 128,932
Total stockholders’ equity 315,352 415,612
Total liabilities and stockholders’ equity $ 660,827 $ 725,608