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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net (loss) income $ 16,113 $ (47,286) $ (114,993)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 19,303 27,816 32,127
Amortization and write-off of debt issuance costs 1,480 1,631 6,480
Stock-based compensation 7,668 7,740 8,009
Equity investment loss 4,407 5,236 21
Deferred income taxes 4,049 (16,005) (41,910)
Loss on assets held for sale 1,618 2,425 0
Loss on disposal of long-lived assets 383 554 1,176
Gain on acquisition 0 0 (3,828)
Impairment of goodwill and intangible assets 0 64,000 146,900
Other 0 0 16
Changes in operating assets and liabilities:      
Accounts receivable, net of allowance for bad debt (11,492) (8,620) (2,045)
Prepaid expenses (716) (1,623) 354
Income tax receivable/payable (475) 2,397 2,432
Operating lease assets, net 2,723 3,193 1,373
Other assets (1,111) (259) 519
Accounts payable (816) 4,855 (10,207)
Accrued compensation and benefits 3,835 1,701 (141)
Accrued liabilities 2,259 (2,311) 2,917
Deferred revenue and student deposits (356) 70 15
Net cash provided by operating activities 48,872 45,514 29,215
Investing activities      
Cash paid for acquisition, net of cash acquired 0 0 1,951
Capital expenditures (21,082) (13,895) (16,389)
Proceeds from the sale of real property 0 123 765
Net cash used in investing activities (21,082) (13,772) (13,673)
Financing activities      
Cash paid for repurchase of common/restricted stock (4,238) (10,739) (1,538)
Preferred stock dividends paid (6,056) (6,005) 0
Cash received from exercise of stock options 67 0 0
Cash received from issuance of preferred stock 0 0 39,691
Cash paid for principal on borrowings and finance leases (2,964) (114) (73,864)
Net cash used in financing activities (13,191) (16,858) (35,711)
Net (decrease) increase in cash, cash equivalents, and restricted cash 14,599 14,884 (20,169)
Cash, cash equivalents, and restricted cash at beginning of period 144,342 129,458 149,627
Cash, cash equivalents, and restricted cash at end of period 158,941 144,342 129,458
Supplemental disclosures of cash flow information      
Interest paid 10,725 10,603 12,496
Income taxes paid $ 6,304 $ 2,417 $ 3,996