Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash, cash equivalents, and restricted cash (Note 2)	$ 176,579	$ 158,941
Accounts receivable, net of allowance of $19,788 in 2025 and $19,280 in 2024	37,575	62,465
Prepaid expenses	18,308	13,748
Income tax receivable	2,496	949
Assets held for sale	0	24,469
Total current assets	234,958	260,572
Property and equipment, net	72,613	73,383
Operating lease assets, net	89,477	94,776
Deferred income taxes	45,957	47,311
Intangible assets, net	28,221	28,221
Goodwill	59,593	59,593
Other assets, net	6,550	6,247
Total assets	537,369	570,103
Current liabilities:
Accounts payable	10,067	7,847
Accrued compensation and benefits	20,317	20,546
Accrued liabilities	14,109	13,735
Deferred revenue and student deposits	24,967	23,474
Lease liabilities, current	13,447	13,553
Total current liabilities	82,907	79,155
Lease liabilities, long-term	88,160	93,645
Long-term debt, net	94,062	93,424
Total liabilities	265,129	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 2024, ($117,439 liquidation preference per share, $46,976 in aggregate, for 2024) (Note 12)	0	39,691
Common stock, $.01 par value; 100,000,000 shares authorized; 18,061,599 issued and outstanding in 2025; 17,712,575 issued and outstanding in 2024	180	177
Additional paid-in capital	306,756	305,823
Accumulated other comprehensive loss	(28)	(7)
Accumulated deficit	(34,668)	(41,805)
Total stockholders’ equity	272,240	303,879
Total liabilities and stockholders’ equity	$ 537,369	$ 570,103