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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenue $ 149,535 $ 98,248 $ 453,890 $ 264,803
Costs and expenses:        
Instructional costs and services 71,817 42,544 215,604 105,257
Selling and promotional 40,917 23,458 116,082 60,350
General and administrative 29,667 26,598 89,179 75,579
Impairment of goodwill and intangible assets 0 0 144,900 0
Loss on disposals of long-lived assets 178 0 962 182
Depreciation and amortization 7,982 4,386 24,249 9,561
Total costs and expenses 150,561 96,986 590,976 250,929
(Loss) income from operations before interest and income taxes (1,026) 1,262 (137,086) 13,874
Gain on acquisition (Note 3) 0 0 3,828 0
Interest expense (3,594) (1,305) (10,339) (1,167)
(Loss) income before income taxes (4,620) (43) (143,597) 12,707
Income tax (benefit) expense (860) 224 (35,152) 3,509
Equity investment loss (2) 0 (13) (827)
Net (loss) income $ (3,762) $ (267) $ (108,458) $ 8,371
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.20) $ (0.01) $ (5.75) $ 0.47
Diluted (in dollars per share) $ (0.20) $ (0.01) $ (5.74) $ 0.46
Weighted average number of common shares:        
Basic (in shares) 18,885 18,700 18,854 17,874
Diluted (in shares) 18,927 18,855 18,906 18,048