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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenue $ 163,215 $ 153,122 $ 490,532 $ 460,449
Costs and expenses:        
Instructional costs and services 74,698 75,401 228,065 224,042
Selling and promotional 36,139 33,459 106,392 99,753
General and administrative 34,689 35,030 109,243 105,733
Depreciation and amortization 3,946 5,080 12,026 15,440
Loss on sale of subsidiary 3,877 0 3,877 0
Loss on assets held for sale (Note 4) 0 0 1,527 0
Loss on leases (Note 5) 77 0 77 3,715
Loss on disposals of long-lived assets 92 23 357 235
Total costs and expenses 153,518 148,993 461,564 448,918
Income from operations before interest and income taxes 9,697 4,129 28,968 11,531
Interest expense, net (1,069) (631) (3,064) (1,542)
Income before income taxes 8,628 3,498 25,904 9,989
Income tax expense 3,068 1,236 6,955 2,433
Equity investment loss 0 0 0 (4,407)
Net income 5,560 2,262 18,949 3,149
Preferred stock dividends 0 1,531 2,751 4,597
Loss on redemption of preferred stock 0 0 3,501 0
Net income (loss) available to common stockholders basic 5,560 731 12,697 (1,448)
Net income (loss) available to common stockholders diluted $ 5,560 $ 731 $ 12,697 $ (1,448)
Income (loss) per common share:        
Basic (in dollars per share) $ 0.31 $ 0.04 $ 0.71 $ (0.08)
Diluted (in dollars per share) $ 0.30 $ 0.04 $ 0.68 $ (0.08)
Weighted average number of common shares:        
Basic (in shares) 18,070 17,679 17,982 17,604
Diluted (in shares) 18,755 18,247 18,596 18,076