Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash, cash equivalents, and restricted cash (Note 2)	$ 187,502	$ 158,941
Accounts receivable, net of allowance of $19,547 in 2025 and $19,280 in 2024	41,872	62,465
Prepaid expenses	20,667	13,748
Income tax receivable	0	949
Assets held for sale	22,467	24,469
Total current assets	272,508	260,572
Property and equipment, net	73,038	73,383
Operating lease assets, net	92,649	94,776
Deferred income taxes	46,066	47,311
Intangible assets, net	28,221	28,221
Goodwill	59,593	59,593
Other assets, net	6,586	6,247
Total assets	578,661	570,103
Current liabilities:
Accounts payable	7,849	7,847
Accrued compensation and benefits	18,039	20,546
Accrued liabilities	18,790	13,735
Deferred revenue and student deposits	25,087	23,474
Income tax payable	177	0
Lease liabilities, current	13,489	13,553
Total current liabilities	83,431	79,155
Lease liabilities, long-term	91,471	93,645
Long-term debt, net	93,747	93,424
Total liabilities	268,649	266,224
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock, $.01 par value; 10,000,000 shares authorized; 400 shares issued and outstanding in 2025 and 2024, respectively ($112,471 and $117,439 liquidation preference per share, $44,988 and $46,976 in aggregate, for 2025 and 2024, respectively) (Note 12)	39,691	39,691
Common stock, $.01 par value; 100,000,000 shares authorized; 18,036,421 issued and outstanding in 2025; 17,712,575 issued and outstanding in 2024	180	177
Additional paid-in capital	304,533	305,823
Accumulated other comprehensive loss	(48)	(7)
Accumulated deficit	(34,344)	(41,805)
Total stockholders’ equity	310,012	303,879
Total liabilities and stockholders’ equity	$ 578,661	$ 570,103