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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenue $ 150,838 $ 149,535 $ 447,741 $ 453,890
Costs and expenses:        
Instructional costs and services 73,228 71,817 222,115 215,604
Selling and promotional 33,315 40,917 106,205 116,082
General and administrative 30,885 29,667 96,907 89,179
Impairment of goodwill and intangible assets (Note 6) 0 0 64,000 144,900
(Gain) loss on disposals of long-lived assets (16) 178 17 962
Depreciation and amortization 7,026 7,982 22,735 24,249
Total costs and expenses 144,438 150,561 511,979 590,976
Income (loss) from operations before interest and income taxes 6,400 (1,026) (64,238) (137,086)
Gain on acquisition (Note 3) 0 0 0 3,828
Interest expense, net (792) (3,594) (3,668) (10,339)
Income (loss) before income taxes 5,608 (4,620) (67,906) (143,597)
Income tax expense (benefit) 3,712 (860) (12,839) (35,152)
Equity investment loss, net of tax (5,224) (2) (5,233) (13)
Net loss (3,328) (3,762) (60,300) (108,458)
Preferred stock dividends 1,525 0 4,469 0
Net (loss) income available to common stockholders basic (4,853) (3,762) (64,769) (108,458)
Net (loss) income available to common stockholders diluted $ (4,853) $ (3,762) $ (64,769) $ (108,458)
Loss per common share:        
Basic (in dollars per share) $ (0.27) $ (0.20) $ (3.55) $ (5.75)
Diluted (in dollars per share) $ (0.27) $ (0.20) $ (3.54) $ (5.74)
Weighted average number of common shares:        
Basic (in shares) 17,778 18,885 18,230 18,854
Diluted (in shares) 17,820 18,927 18,294 18,906