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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 152,895 $ 147,214 $ 307,327 $ 296,903
Costs and expenses:        
Instructional costs and services 76,216 74,998 148,641 148,887
Selling and promotional 33,838 32,966 66,294 72,890
General and administrative 34,426 32,533 70,703 66,022
Depreciation and amortization 5,232 7,953 10,360 15,709
Impairment of goodwill and intangible assets 0 64,000 0 64,000
Loss on leases (Note 4) 779 0 3,715 0
Loss on disposals of long-lived assets 184 32 212 33
Total costs and expenses 150,675 212,482 299,925 367,541
Income (loss) from operations before interest and income taxes 2,220 (65,268) 7,402 (70,638)
Interest expense, net (785) (1,097) (911) (2,876)
Income (loss) before income taxes 1,435 (66,365) 6,491 (73,514)
Income tax (benefit) expense (16) (15,137) 1,197 (16,551)
Equity investment loss (1,080) (4) (4,407) (9)
Net income (loss) 371 (51,232) 887 (56,972)
Preferred stock dividends 1,531 1,487 3,066 2,944
Net loss available to common stockholders basic (1,160) (52,719) (2,179) (59,916)
Net loss available to common stockholders diluted $ (1,160) $ (52,719) $ (2,179) $ (59,916)
Loss per common share:        
Basic (in dollars per share) $ (0.07) $ (2.94) $ (0.12) $ (3.25)
Diluted (in dollars per share) $ (0.06) $ (2.93) $ (0.12) $ (3.23)
Weighted average number of common shares:        
Basic (in shares) 17,627 17,932 17,568 18,457
Diluted (in shares) 18,134 17,991 17,986 18,531