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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 40,280 $ 46,074
Restricted cash 4,209 4,213
Short-term investments 14,758 14,758
Accounts receivable, less allowance for credit losses of $31,456 and $28,560 at March 31, 2023 and December 31, 2022, respectively 34,856 37,175
Inventories 2,636 2,618
Prepaid expenses and other current assets 6,289 4,738
Asset held for sale 4,559 4,559
Total current assets 107,587 114,135
PROPERTY, EQUIPMENT AND FACILITIES - At cost, net of accumulated depreciation and amortization of $147,158 and $146,367 at March 31, 2023 and December 31, 2022, respectively 26,147 23,940
OTHER ASSETS:    
Noncurrent receivables, less allowance for credit losses of $15,143 and $6,810 at March 31, 2023 and December 31, 2022, respectively 14,642 22,734
Deferred income taxes, net 25,210 22,312
Operating lease right-of-use assets 92,134 93,097
Goodwill 14,536 14,536
Other assets, net 837 812
Total other assets 147,359 153,491
TOTAL ASSETS 281,093 291,566
CURRENT LIABILITIES:    
Unearned tuition 20,979 24,154
Accounts payable 12,944 10,496
Accrued expenses 9,006 8,653
Income taxes payable 1,547 2,055
Current portion of operating lease liabilities 10,057 9,631
Other short-term liabilities 41 31
Total current liabilities 54,574 55,020
NONCURRENT LIABILITIES:    
Pension plan liabilities 699 668
Long-term portion of operating lease liabilities 90,566 91,001
Total liabilities 145,839 146,689
STOCKHOLDERS' EQUITY:    
Common stock, no par value - authorized 100,000,000 shares at March 31, 2023 and December 31, 2022, issued and outstanding 31,398, 557 shares at March 31, 2023 and 31,147,925 shares at December 31, 2022. 48,516 49,072
Additional paid-in capital 44,573 45,540
Retained earnings 43,173 51,225
Accumulated other comprehensive loss (1,008) (960)
Total stockholders' equity 135,254 144,877
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 281,093 $ 291,566