0001140361-21-036924.txt : 20211108 0001140361-21-036924.hdr.sgml : 20211108 20211108110508 ACCESSION NUMBER: 0001140361-21-036924 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20211108 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20211108 DATE AS OF CHANGE: 20211108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LINCOLN EDUCATIONAL SERVICES CORP CENTRAL INDEX KEY: 0001286613 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 571150621 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51371 FILM NUMBER: 211386959 BUSINESS ADDRESS: STREET 1: 14 SYLVAN WAY STREET 2: SUITE A CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 973-736-9340 MAIL ADDRESS: STREET 1: 14 SYLVAN WAY STREET 2: SUITE A CITY: PARSIPPANY STATE: NJ ZIP: 07054 8-K 1 brhc10030496_8k.htm 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 

FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported): November 8, 2021

LINCOLN EDUCATIONAL SERVICES CORPORATION
(Exact Name of Registrant as Specified in Charter)

New Jersey
  
000-51371
  
57-1150621
(State or Other Jurisdiction of Incorporation)
  
(Commission File Number)
  
(IRS Employer Identification No.)

14 Sylvan Way, Suite A, Parsippany, NJ 07054
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (973) 736-9340
 
Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading
Symbol(s)
Name of each exchange on which
registered
Common Stock No Par Value
LINC
NASDAQ

Item 2.02.
Results of Operations and Financial Condition.

On November 8, 2021, Lincoln Educational Services Corporation. (the “Company”) issued a press release announcing financial results for the third quarter ended September 30, 2021. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated in this Item 2.02 by reference.

 The information contained under this Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Furthermore, the information contained under this Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.  The furnishing of the information under this Item 2.02 in this Current Report is not intended to, and does not, constitute a determination or admission by the Company that the information contained under this Item 2.02 in this Current Report is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company.

Item 9.01
Financial Statements and Exhibits.
 
(d)
Exhibits
 
Press release of Lincoln Educational Services Corporation dated November 8, 2021

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
LINCOLN EDUCATIONAL SERVICES CORPORATION
     
Date:  November 8, 2021
    
     
 
By:
/s/ Brian K. Meyers
 
Name:
Brian K. Meyers
  Title:
Executive Vice President, Chief Financial Officer and Treasurer


EX-99.1 2 brhc10030496_ex99-1.htm EXHIBIT 99.1
Exhibit 99.1

Lincoln Educational Services Reports Solid Third Quarter Results
Conference call today at 10 a.m. ET
PARSIPPANY, N.J., November 8, 2021 -- Lincoln Educational Services Corporation (Nasdaq: LINC) today, reported operating and financial results for the third quarter ended September 30, 2021 as well as recent business developments.
Third Quarter 2021 Financial Highlights and Recent Operating Developments

•
Revenue of $89.1 million, a 13.0% increase compared to prior year quarter

•
Operating income of $5.7 million, up 49.6% compared to prior year quarter

•
Adjusted EBITDA* of $8.4 million compared to $6.3 million for the prior year quarter

•
Student starts of 5,430 compared to 5,510 for the prior year quarter despite limited access to high schools over the past 18 months due to COVID restrictions

•
Ending student population of 14,000, up 6.4% compared to prior year quarter

•
Net cash of $31.3 million at quarter end, compared net debt of $1.5 million last year

•
Recently announced fourth quarter closing of the $46.5 million sale-leaseback transaction involving Denver, CO and Grand Prairie, TX properties further strengthens balance sheet

*See Use of “Non-GAAP Financial Information” below.
“Our team performed well during the third quarter as we generated better than expected high school starts, driving revenue growth into the fourth quarter,” said Scott Shaw, President & CEO. “We also achieved continued enrollment strength, ending the quarter with a student population 6.4% higher than last year. Employers remain extremely challenged at finding skilled employees, which is increasing the already strong demand for Lincoln graduates and leading to additional opportunities with existing and potential corporate partners.”
 
“The real estate transactions announced in September have been moving forward and we recently closed on the first of these, the sale-leaseback of our Denver and Grand Prairie properties. The net cash proceeds from this transaction have been used to retire all of our outstanding debt and provide approximately $28.5 million in net proceeds, which will be recorded in the fourth quarter.  With our significantly increased financial resources, we believe that we are well positioned to execute our growth strategies for the foreseeable future while continuing to invest in our core programs and operations. The combination of our third quarter performance and continued operational and financial momentum enables us to refine our 2021 full year guidance.”
 
2021 THIRD QUARTER FINANCIAL RESULTS
(Quarter ended September 30, 2021 compared to quarter ended September 30, 2020)


 		•
Revenue increased $10.3 million, or 13.0% to $89.1 million from $78.8 million.  The increase in revenue results from an 8.3% higher average student population, driven by the 8.8% increase in student starts for the nine months, and a 4.3% increase in average revenue per student in the current quarter.

•
Educational services and facilities expense increased $3.9 million, or 11.3%, to $38.1 million from $34.2 million in the prior year comparable period.  Additional costs were concentrated in instruction expense, books and tools expense and facilities expense.  Instructional increases were driven in part by inflationary pressures on instructor salaries due to widespread instructor shortages and higher student population, which also drove additional books and tools expense.  Facilities expense increased from the normalization of housing expenses for students during the quarter.

•
Selling, general and administrative expense increased $4.5 million, or 11.1% to $45.2 million driven primarily by increases in incentive and stock-based compensation due to our improved financial performance in addition to increased marketing investments

•
Operating income increased to $5.7 million from $3.8 million

•
Pre-tax income increased to $5.5 million from $3.6 million

•
Net income improved to $3.8 million, or $0.11 per diluted share, compared to $3.5 million, or $0.08 per diluted share

THIRD QUARTER SEGMENT RESULTS

Transportation and Skilled Trades Segment
Revenue increased $8.1 million, or 14.3% to $64.9 million from $56.8 million in the prior year comparable period.  The increase in revenue results from a 10.5% higher average student population, driven by the 10.2% increase in student starts for the nine months, and a 3.5% increase in average revenue per student in the current quarter.
Operating income improved to $11.8 million from $9.1 million in the prior year comparable quarter, driven mainly by revenue growth.
Healthcare and Other Professions Segment
Revenue increased $2.1 million, or 9.8% to $24.1 million from $22.0 million in the prior year comparable period.  The increase in revenue results from a 4.2% higher average student population, driven by the 5.6% increase in student starts for the nine months, and a 5.3% increase in average revenue per student in the current quarter.
Operating income increased to $1.8 million from $1.7 million in the prior year comparable quarter.  Operating leverage during the quarter was impacted by higher operating expenses, primarily driven by inflationary pressures on instructor salaries due to the widespread instructor shortage, especially in the nursing field.
2
Corporate and Other
This category includes unallocated expenses incurred on behalf of the entire Company.  Corporate and other expenses were $7.9 million and $6.9 million for each of the three months ended September 30, 2021 and 2020, respectively.  The additional expense in 2021 was primarily due to incentive and stock-based compensation tied in part to improved financial performance.
 
NINE MONTHS FINANCIAL RESULTS
(Period ended September 30, 2021 compared to September 30, 2020)

•
Total revenue increased by $36.2 million, or 17.1%, to $247.5 million, compared to $211.3 million

•
Student starts grew by 1,026, or 8.8%, to 12,681 compared to 11,655

•
Transportation and Skilled Trades segment revenue increased by $28.8 million, or 19.3%, to $177.6 million, compared to $148.8 million

•
The Healthcare and Other Professions segment revenue increased by $7.4 million, or 11.9%, to $69.9 million, compared to $62.5 million

•
Operating income increased to $15.2 million as compared to $3.7 million
 
FULL YEAR 2021 OUTLOOK
As a result of the Company’s performance through the first nine months of 2021 and management’s outlook for the remainder of the year, Lincoln is now refining its 2021 full year guidance as follows:
 

 		•
Revenue growth in the range of 12% to 14%

•
Student start growth in the range of 7% to 8%

•
Adjusted EBITDA* in the range of $35.0 million to $37.0 million

•
Pre-tax Income in the range of $25.0 million to $27.0 million

•
Capital expenditures of approximately $7.5 million

The above full year guidance excludes the gain related to the sale-leaseback transaction and the associated expenses in the fourth quarter.
*See Use of “Non-GAAP Financial Information” below.
CONFERENCE CALL INFO
Lincoln will host a conference call today at 10:00 a.m. Eastern Daylight Time to discuss results.  To access the live webcast of the conference call, please go to the Investor Relations section of Lincoln’s website at http://www.lincolntech.edu.
Participants can also listen to the conference call by dialing 844-413-0946 (domestic) or 216-562-0456 (international) and providing access code 4862849.
Please log in or dial into the call at least 10 minutes prior to the start time.
3

 		•
An archived version of the webcast will be accessible for 90 days at http://www.lincolntech.edu.

•
A replay of the call will also be available for seven days by calling 855-859-2056 (domestic) or 404-537-3406 (international) and providing access code 4862849.

ABOUT LINCOLN EDUCATIONAL SERVICES CORPORATION
Lincoln Educational Services Corporation is a provider of diversified career-oriented post-secondary education helping to provide solutions to America’s skills gap.  For 75 years, Lincoln has offered and continues to offer recent high school graduates and working adults degree and diploma programs.  The Company operates under two reportable segments: Transportation and Skilled Trades and Healthcare and Other Professions. Lincoln has provided the nation’s workforce with skilled technicians since its inception in 1946. For more information, go to www.lincolntech.edu.
SAFE HARBOR
Statements in this press release and in oral statements made from time to time by representatives of Lincoln Educational Services Corporation regarding Lincoln’s business that are not historical facts, including those made in a conference call, may be “forward-looking statements” as that term is defined in the federal securities law. The words “may,” “will,” “expect,” “believe,” “anticipate,” “project,” “plan,” “intend,” “estimate,” and “continue,” and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all.  Generally, these statements relate to business plans or strategies and projections involving anticipated revenues, earnings or other aspects of the Company’s operating results. Such forward-looking statements include the Company’s current belief that it is taking appropriate steps regarding the pandemic and that students will return from leaves of absence and be able to complete their programs of study with in-person labs and available externships and that student growth will continue. The Company cautions you that these statements concern current expectations about the Company’s future performance or events and are subject to a number of uncertainties, risks and other influences many of which are beyond the Company’s control, that may influence the accuracy of the statements and the projects upon which the statements are based including, without limitation, impacts related to the COVID-19 pandemic, our inability to close on the sale of our Nashville campus; our failure to comply with the extensive regulatory framework applicable to our industry or our failure to obtain timely regulatory approvals in connection with acquisitions or a change of control of our Company; our success in updating and expanding the content of existing programs and developing new programs for our students in a cost-effective manner or on a timely basis; risks associated with changes in applicable federal laws and regulations; uncertainties regarding our ability to comply with federal laws and regulations, such as the 90/10 rule and prescribed cohort default rates; risks associated with the opening of new campuses; risks associated with integration of acquired schools; industry competition; our ability to execute our growth strategies; conditions and trends in our industry; the COVID-19 pandemic and its impact on our business and the U.S. and global economics; general economic conditions; and other factors discussed in the “Risk Factors” section of our Annual Reports and Quarterly Reports filed with the Securities and Exchange Commission.  All forward-looking statements are qualified in their entirety by this cautionary statement, and Lincoln undertakes no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future events or otherwise after the date hereof.
4
 (Tables to Follow)
(In Thousands)
   
Three Months Ended
September30,
(Unaudited)
    
Nine Months Ended
September30,
(Unaudited)
  
   
2021
    
2020
    
2021
    
2020
  
                         
REVENUE
  
$
89,059
    
$
78,792
    
$
247,520
    
$
211,303
  
COSTS AND EXPENSES:
                                
Educational services and facilities
    
38,105
      
34,251
      
104,143
      
90,733
  
Selling, general and administrative
    
45,209
      
40,700
      
128,159
      
117,011
  
Loss (gain) on disposition of assets
    
-
      
1
      
1
      
(96
)
Total costs & expenses
    
83,314
      
74,952
      
232,303
      
207,648
  
OPERATING INCOME
    
5,745
      
3,840
      
15,217
      
3,655
  
OTHER:
                                
Interest expense
    
(292
)
    
(278
)
    
(874
)
    
(960
)
INCOME BEFORE INCOME TAXES
    
5,453
      
3,562
      
14,343
      
2,695
  
PROVISION FOR INCOME TAXES
    
1,614
      
50
      
3,589
      
150
  
NET INCOME
  
$
3,839
    
$
3,512
    
$
10,754
    
$
2,545
  
PREFERRED STOCK DIVIDENDS
    
304
      
1,074
      
912
      
1,074
  
INCOME AVAILABLE TO COMMON SHAREHOLDERS
  
$
3,535
    
$
2,438
    
$
9,842
    
$
1,471
  
Basic
                                
Net income per common share
  
$
0.11
    
$
0.08
    
$
0.30
    
$
0.05
  
Diluted
                                
Net income per common share
  
$
0.11
    
$
0.08
    
$
0.30
    
$
0.05
  
Weighted average number of common shares outstanding:
                                
Basic
    
25,135
      
24,822
      
25,043
      
24,721
  
Diluted
    
25,135
      
24,822
      
25,043
      
24,721
  
Other data:
                                
                                 
Adjusted EBITDA (1)
  
$
8,430
    
$
6,292
    
$
22,930
    
$
10,488
  
Depreciation and amortization
  
$
1,928
    
$
1,782
    
$
5,620
    
$
5,546
  
Number of campuses
    
22
      
22
      
22
      
22
  
Average enrollment
    
13,178
      
12,165
      
12,666
      
11,379
  
Stock-based compensation
  
$
757
    
$
670
    
$
2,093
    
$
1,287
  
Net cash provided by operating activities
  
$
16,683
    
$
3,754
    
$
17,750
    
$
10,222
  
Net cash used in investing activities
  
$
(1,736
)
  
$
(482
)
  
$
(5,252
)
  
$
(3,457
)
Net cash used in financing activities
  
$
(804
)
  
$
(1,647
)
  
$
(3,374
)
  
$
(17,816
)

5
Selected Consolidated Balance Sheet Data:
   
September 30, 2021
(Unaudited)
  
 
       
Cash and cash equivalents
  
$
47,150
  
Current assets
    
110,953
  
Working capital
    
42,078
  
Total assets
    
253,456
  
Current liabilities
    
68,875
  
Long-term debt obligations, including current portion, net of deferred financing fees
    
15,848
  
Series A convertible preferred stock
    
11,982
  
Total stockholders’ equity
    
101,963
  

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
In addition to disclosing financial results that are determined in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company believes it is useful to present non-GAAP financial measures that exclude certain significant items as a means to understand the performance of its business. EBITDA, Adjusted EBITDA and reconciled net cash (debt) are measures not recognized in financial statements presented in accordance with GAAP.

 		•
We define EBITDA as income (loss) before interest expense (net of interest income), provision (benefit) for income taxes, depreciation and amortization.

•
We define Adjusted EBITDA as EBITDA plus stock compensation expense.

•
We define reconciled net cash (debt) as our cash and cash equivalents and restricted cash less both the short and long-term portion under the Company’s credit agreement, deferred financing fees, and amounts received under the CARES Act.
EBITDA, Adjusted EBITDA and reconciled net cash (debt) are presented because we believe they are useful indicators of our performance and our ability to make strategic acquisitions and meet capital expenditures and debt service requirements. However, they are not intended to represent cash flows from operations as defined by GAAP and should not be used as an alternative to net income (loss) as indicators of operating performance or cash flow as a measure of liquidity. EBITDA, Adjusted EBITDA and reconciled net cash (debt) are not necessarily comparable to similarly titled measures used by other companies.
Following is a reconciliation of net income (loss) to EBITDA, Adjusted EBITDA and reconciled net cash (debt):

6
   
Three Months Ended September 30,
    
Nine Months Ended September 30,
  
   
(Unaudited)
    
(Unaudited)
  
   
2021
    
2020
    
2021
    
2020
  
                         
Net income
  
$
3,839
    
$
3,512
    
$
10,754
    
$
2,545
  
Interest expense, net
    
292
      
278
      
874
      
960
  
Provision for income taxes
    
1,614
      
50
      
3,589
      
150
  
Depreciation and amortization
    
1,928
      
1,782
      
5,620
      
5,546
  
EBITDA
    
7,673
      
5,622
      
20,837
      
9,201
  
Stock compensation expense
    
757
      
670
      
2,093
      
1,287
  
Adjusted EBITDA
  
$
8,430
    
$
6,292
    
$
22,930
    
$
10,488
  

   
Three Months Ended September 30,
  
   
(Unaudited)
  
   
Transportation and Skilled Trades
    
Healthcare and Other Professions
    
Corporate
  
   
2021
    
2020
    
2021
    
2020
    
2021
    
2020
  
                                     
Net income (loss)
  
$
11,842
    
$
9,138
    
$
1,833
    
$
1,655
    
$
(9,836
)
  
$
(7,281
)
Interest expense, net
    
-
      
-
      
-
      
-
      
292
      
278
  
Provision for income taxes
    
-
      
-
      
-
      
-
      
1,614
      
50
  
Depreciation and amortization
    
1,658
      
1,561
      
140
      
106
      
130
      
115
  
EBITDA
    
13,500
      
10,699
      
1,973
      
1,761
      
(7,800
)
    
(6,838
)
Stock compensation expense
    
-
      
-
      
-
      
-
      
757
      
670
  
Adjusted EBITDA
  
$
13,500
    
$
10,699
    
$
1,973
    
$
1,761
    
$
(7,043
)
  
$
(6,168
)

   
Nine Months Months Ended September 30,
  
   
(Unaudited)
  
   
Transportation and Skilled Trades
    
Healthcare and Other Professions
    
Corporate
  
   
2021
    
2020
    
2021
    
2020
    
2021
    
2020
  
                                     
Net income (loss)
  
$
35,423
    
$
18,848
    
$
7,743
    
$
6,387
    
$
(32,412
)
  
$
(22,690
)
Interest expense, net
    
-
      
-
      
-
      
-
      
874
      
960
  
Provision for income taxes
    
-
      
-
      
-
      
-
      
3,589
      
150
  
Depreciation and amortization
    
4,917
      
4,862
      
357
      
343
      
346
      
341
  
EBITDA
    
40,340
      
23,710
      
8,100
      
6,730
      
(27,603
)
    
(21,239
)
Stock compensation expense
    
-
      
-
      
-
      
-
      
2,093
      
1,287
  
Adjusted EBITDA
  
$
40,340
    
$
23,710
    
$
8,100
    
$
6,730
    
$
(25,510
)
  
$
(19,952
)

   
September 30,
  
   
(Unaudited)
  
   
2021
    
2020
  
Current portion of credit agreement and term loan
  
$
(2,000
)
  
$
(2,000
)
Long-term credit agreement and term loan
    
(13,848
)
    
(15,667
)
Cash and cash equivalents
    
47,150
      
26,520
  
Restricted Cash
    
-
      
1,073
  
CARES Act impact
    
-
      
(11,460
)
Reconcilled net cash (debt)
  
$
31,302
    
$
(1,534
)

7
   
Three Months Ended September 30,
  
   
2021
    
2020
    
% Change
  
Revenue:
                  
Transportation and Skilled Trades
  
$
64,950
    
$
56,828
      
14.3
%
HOPS
    
24,109
      
21,964
      
9.8
%
Total
  
$
89,059
    
$
78,792
      
13.0
%
                         
Operating Income (Loss):
                        
Transportation and Skilled Trades
  
$
11,842
    
$
9,138
      
29.6
%
Healthcare and Other Professions
    
1,833
      
1,654
      
10.8
%
Corporate
    
(7,930
)
    
(6,952
)
    
-14.1
%
Total
  
$
5,745
    
$
3,840
      
49.6
%
                         
Starts:
                        
Transportation and Skilled Trades
    
3,976
      
3,982
      
-0.2
%
Healthcare and Other Professions
    
1,454
      
1,528
      
-4.8
%
Total
    
5,430
      
5,510
      
-1.5
%
                         
Average Population:
                        
Transportation and Skilled Trades
    
8,863
      
8,349
      
6.2
%
Leave of Absence - COVID-19
    
(9
)
    
(333
)
    
97.3
%
Transportation and Skilled Trades 1
    
8,854
      
8,016
      
10.5
%
                         
Healthcare and Other Professions
    
4,326
      
4,286
      
0.9
%
Leave of Absence - COVID-19
    
(2
)
    
(137
)
    
98.5
%
Healthcare and Other Professions 1
    
4,324
      
4,149
      
4.2
%
                         
Total
    
13,189
      
12,635
      
4.4
%
Total 1
    
13,178
      
12,165
      
8.3
%
                         
End of Period Population:
                        
Transportation and Skilled Trades
    
9,473
      
8,811
      
7.5
%
Leave of Absence - COVID-19
    
-
      
(67
)
    
100.0
%
Transportation and Skilled Trades 1
    
9,473
      
8,744
      
8.3
%
                         
Healthcare and Other Professions
    
4,533
      
4,462
      
1.6
%
Leave of Absence - COVID-19
    
-
      
(37
)
    
100.0
%
Healthcare and Other Professions 1
    
4,533
      
4,425
      
2.4
%
                         
Total
    
14,006
      
13,273
      
5.5
%
Total 1
    
14,006
      
13,169
      
6.4
%

1
Excluding Leave of Absence - COVID-19

8
   
Nine Months Ended September 30,
  
   
2021
    
2020
    
% Change
  
Revenue:
                  
Transportation and Skilled Trades
  
$
177,586
    
$
148,799
      
19.3
%
HOPS
    
69,934
      
62,504
      
11.9
%
Total
  
$
247,520
    
$
211,303
      
17.1
%
                         
Operating Income (Loss):
                        
Transportation and Skilled Trades
  
$
35,423
    
$
18,848
      
87.9
%
Healthcare and Other Professions
    
7,743
      
6,388
      
21.2
%
Corporate
    
(27,949
)
    
(21,581
)
    
-29.5
%
Total
  
$
15,217
    
$
3,655
      
316.3
%
                         
Starts:
                        
Transportation and Skilled Trades
    
8,824
      
8,004
      
10.2
%
Healthcare and Other Professions
    
3,857
      
3,651
      
5.6
%
Total
    
12,681
      
11,655
      
8.8
%
                         
Average Population:
                        
Transportation and Skilled Trades
    
8,312
      
7,651
      
8.6
%
Leave of Absence - COVID-19
    
(16
)
    
(260
)
    
93.8
%
Transportation and Skilled Trades 1
    
8,296
      
7,391
      
12.2
%
                         
Healthcare and Other Professions
    
4,414
      
4,176
      
5.7
%
Leave of Absence - COVID-19
    
(44
)
    
(188
)
    
76.6
%
Healthcare and Other Professions 1
    
4,370
      
3,988
      
9.6
%
                         
Total
    
12,726
      
11,827
      
7.6
%
Total 1
    
12,666
      
11,379
      
11.3
%
                         
End of Period Population:
                        
Transportation and Skilled Trades
    
9,473
      
8,811
      
7.5
%
Leave of Absence - COVID-19
    
-
      
(67
)
    
100.0
%
Transportation and Skilled Trades 1
    
9,473
      
8,744
      
8.3
%
                         
Healthcare and Other Professions
    
4,533
      
4,462
      
1.6
%
Leave of Absence - COVID-19
    
-
      
(37
)
    
100.0
%
Healthcare and Other Professions 1
    
4,533
      
4,425
      
2.4
%
                         
Total
    
14,006
      
13,273
      
5.5
%
Total 1
    
14,006
      
13,169
      
6.4
%

1
Excluding Leave of Absence - COVID-19

9
LINCOLN EDUCATIONAL SERVICES CORPORATION
Brian Meyers, CFO
973-736-9340
EVC GROUP LLC
Investor Relations: Michael Polyviou, mpolyviou@evcgroup.com, 732-933-2755
Media Relations: Tom Gibson, 201-476-0322


 10
 EX-101.SCH 3 linc-20211108.xsd XBRL TAXONOMY EXTENSION SCHEMA 000100 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 4 linc-20211108_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Cover [Abstract] Document Type Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Amendment Flag Document Fiscal Year Focus Document Fiscal Period Focus Document Period End Date Entity Registrant Name Entity Central Index Key Entity File Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Emerging Growth Company Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code City Area Code Local Phone Number Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name EX-101.PRE 5 linc-20211108_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 6 brhc10030496_8k_htm.xml IDEA: XBRL DOCUMENT 0001286613 2021-11-08 2021-11-08 false LINCOLN EDUCATIONAL SERVICES CORP 0001286613 8-K 2021-11-08 NJ 000-51371 57-1150621 14 Sylvan Way Suite A, Parsippany NJ 07054 973 736-9340 false false false false false Common Stock No Par Value LINC NASDAQ XML 7 R1.htm IDEA: XBRL DOCUMENT v3.21.2
Document and Entity Information
Nov. 08, 2021
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Nov. 08, 2021
Entity Registrant Name LINCOLN EDUCATIONAL SERVICES CORP
Entity Incorporation, State or Country Code NJ
Entity File Number 000-51371
Entity Tax Identification Number 57-1150621
Entity Address, Address Line One 14 Sylvan Way
Entity Address, City or Town Suite A, Parsippany
Entity Address, State or Province NJ
Entity Address, Postal Zip Code 07054
City Area Code 973
Local Phone Number 736-9340
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001286613
Title of 12(b) Security Common Stock No Par Value
Trading Symbol LINC
Security Exchange Name NASDAQ
EXCEL 8 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 9 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 11 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.2 html 1 96 1 false 0 0 false 0 false false R1.htm 000100 - Document - Document and Entity Information Sheet http://lincolnedu.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports brhc10030496_8k.htm brhc10030496_ex99-1.htm linc-20211108.xsd linc-20211108_lab.xml linc-20211108_pre.xml http://xbrl.sec.gov/dei/2021 true false JSON 14 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "brhc10030496_8k.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "inline": { "local": [ "brhc10030496_8k.htm" ] }, "labelLink": { "local": [ "linc-20211108_lab.xml" ] }, "presentationLink": { "local": [ "linc-20211108_pre.xml" ] }, "schema": { "local": [ "linc-20211108.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "https://xbrl.sec.gov/dei/2021/dei-2021.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd", "https://xbrl.sec.gov/country/2021/country-2021.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd", "https://xbrl.sec.gov/currency/2021/currency-2021.xsd", "https://xbrl.sec.gov/exch/2021/exch-2021.xsd", "https://xbrl.sec.gov/naics/2021/naics-2021.xsd", "https://xbrl.sec.gov/sic/2021/sic-2021.xsd", "https://xbrl.sec.gov/stpr/2021/stpr-2021.xsd", "http://www.xbrl.org/2004/ref-2004-08-10.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd" ] } }, "elementCount": 29, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2021": 3, "total": 3 }, "keyCustom": 0, "keyStandard": 96, "memberCustom": 0, "memberStandard": 0, "nsprefix": "linc", "nsuri": "http://lincolnedu.com/20211108", "report": { "R1": { "firstAnchor": { "ancestors": [ "div", "div", "div", "body", "html" ], "baseRef": "brhc10030496_8k.htm", "contextRef": "c20211108to20211108", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "000100 - Document - Document and Entity Information", "role": "http://lincolnedu.com/role/DocumentAndEntityInformation", "shortName": "Document and Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "div", "body", "html" ], "baseRef": "brhc10030496_8k.htm", "contextRef": "c20211108to20211108", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2021", "xbrltype": "stringItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine3": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 3 such as an Office Park", "label": "Entity Address, Address Line Three" } } }, "localname": "EntityAddressAddressLine3", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCountry": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "ISO 3166-1 alpha-2 country code.", "label": "Entity Address, Country" } } }, "localname": "EntityAddressCountry", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "countryCodeItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_NoTradingSymbolFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a security having no trading symbol.", "label": "No Trading Symbol Flag" } } }, "localname": "NoTradingSymbolFlag", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://lincolnedu.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } ZIP 15 0001140361-21-036924-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001140361-21-036924-xbrl.zip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end