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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income (loss) $ 887 $ (56,972)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 10,360 15,709
Amortization of debt issuance costs 758 840
Stock-based compensation 3,741 4,292
Equity investment loss 4,407 9
Deferred income taxes 249 (17,333)
Loss on disposals of long-lived assets 212 33
Impairment of goodwill and intangible assets 0 64,000
Changes in operating assets and liabilities:    
Accounts receivable, net of allowance for bad debt 12,143 11,894
Prepaid expenses (2,802) (4,007)
Income tax receivable/payable (3,605) (827)
Operating leases, net 3,045 2,784
Other assets (541) (718)
Accounts payable (1,664) 1,849
Accrued compensation and benefits 686 2,707
Accrued liabilities 3,529 (554)
Deferred revenue and student deposits 1,793 4,793
Net cash provided by operating activities 33,198 28,499
Investing activities    
Capital expenditures (11,416) (6,553)
Net cash used in investing activities (11,416) (6,553)
Financing activities    
Cash paid for repurchase of common stock (4,133) (9,001)
Cash received from exercise of stock options 67 0
Preferred stock dividends paid (3,066) (2,943)
Cash paid for principal on borrowings and finance leases (2,801) (57)
Net cash used in financing activities (9,933) (12,001)
Net increase in cash, cash equivalents, and restricted cash 11,849 9,945
Cash, cash equivalents, and restricted cash at beginning of period 144,342 129,458
Cash, cash equivalents, and restricted cash at end of period 156,191 139,403
Supplemental disclosure of cash flow information    
Interest paid 5,433 5,143
Income taxes paid $ 4,297 $ 1,535