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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 162,766 $ 152,895 $ 327,317 $ 307,327
Costs and expenses:        
Instructional costs and services 78,423 76,216 153,367 148,641
Selling and promotional 35,048 33,838 70,253 66,294
General and administrative 38,147 34,426 74,554 70,703
Depreciation and amortization 4,088 5,232 8,080 10,360
Loss on assets held for sale (Note 4) 0 0 1,527 0
Loss on leases (Note 5) 0 779 0 3,715
Loss on disposals of long-lived assets 35 184 265 212
Total costs and expenses 155,741 150,675 308,046 299,925
Income from operations before interest and income taxes 7,025 2,220 19,271 7,402
Interest expense, net (1,108) (785) (1,995) (911)
Income before income taxes 5,917 1,435 17,276 6,491
Income tax expense (benefit) 1,421 (16) 3,887 1,197
Equity investment loss 0 (1,080) 0 (4,407)
Net income 4,496 371 13,389 887
Preferred stock dividends 1,319 1,531 2,751 3,066
Loss on redemption of preferred stock 3,501 0 3,501 0
Net income (loss) available to common stockholders basic (324) (1,160) 7,137 (2,179)
Net income (loss) available to common stockholders diluted $ (324) $ (1,160) $ 7,137 $ (2,179)
(Loss) income per common share:        
Basic (in dollars per share) $ (0.02) $ (0.07) $ 0.40 $ (0.12)
Diluted (in dollars per share) $ (0.02) $ (0.06) $ 0.39 $ (0.12)
Weighted average number of common shares:        
Basic (in shares) 18,034 17,627 17,937 17,568
Diluted (in shares) 18,597 18,134 18,496 17,986