Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating activities
Net income	$ 17,731	$ 8,893
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	4,154	3,992
Loss on extinguishment of debt	1,627	0
Amortization of debt issuance costs	235	348
Stock-based compensation	2,327	2,263
Deferred income taxes	929	1,245
Loss on assets held for sale	0	1,527
Loss on disposals of long-lived assets	154	230
Changes in operating assets and liabilities:
Accounts receivable, net of allowance for bad debt	26,952	20,593
Prepaid expenses	(4,955)	(6,919)
Income tax receivable	191	1,126
Operating leases, net	(289)	(58)
Other assets	285	(405)
Accounts payable	3,316	2
Accrued compensation and benefits	(146)	(2,507)
Accrued liabilities	8,616	5,055
Deferred revenue and student deposits	2,177	1,613
Net cash provided by operating activities	63,304	36,998
Investing activities
Capital expenditures	(2,527)	(3,902)
Proceeds from the sale of real property	0	500
Net cash used in investing activities	(2,527)	(3,402)
Financing activities
Cash paid for repurchase of common stock	(8,710)	(3,693)
Cash received from exercise of stock options	17	143
Preferred stock dividends paid	0	(1,432)
Cash paid for principal on borrowings and finance leases	(96,478)	(53)
Cash received from borrowings	90,000	0
Cash paid for debt issuance costs	(1,107)	0
Net cash used in financing activities	(16,278)	(5,035)
Net increase in cash, cash equivalents, and restricted cash	44,499	28,561
Cash, cash equivalents, and restricted cash at beginning of period	176,499	158,941
Cash, cash equivalents, and restricted cash at end of period	220,998	187,502
Supplemental disclosure of cash flow information
Interest paid	1,762	2,398
Income taxes paid	$ 396	$ 80