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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenue $ 164,551 $ 154,432
Costs and expenses:    
Instructional costs and services 74,944 72,425
Selling and promotional 35,205 32,456
General and administrative 36,407 36,277
Depreciation and amortization 3,992 5,128
Loss on assets held for sale (Note 4) 1,527 0
Loss on leases (Note 5) 0 2,936
Loss on disposals of long-lived assets 230 28
Total costs and expenses 152,305 149,250
Income from operations before interest and income taxes 12,246 5,182
Interest expense, net (887) (126)
Income before income taxes 11,359 5,056
Income tax expense 2,466 1,213
Equity investment loss 0 (3,327)
Net income 8,893 516
Preferred stock dividends 1,432 1,535
Net income (loss) available to common stockholders basic 7,461 (1,019)
Net income (loss) available to common stockholders diluted $ 7,461 $ (1,019)
Income (loss) per common share:    
Basic (in dollars per share) $ 0.42 $ (0.06)
Diluted (in dollars per share) $ 0.41 $ (0.06)
Weighted average number of common shares:    
Basic (in shares) 17,840 17,510
Diluted (in shares) 18,417 17,811