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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (109) $ 272  
Adjustments to reconcile net (loss) income to net cash used in operating activities:      
Depreciation and amortization 1,255 1,528  
Deferred income taxes 0 64  
Fixed asset donations (62) (119)  
Provision for credit losses 8,233 7,831  
Stock-based compensation expense 812 1,239  
(Increase) decrease in assets:      
Accounts receivable (8,663) (13,379)  
Inventories (18) 81  
Prepaid income taxes and income taxes payable (508) (796)  
Prepaid expenses and current assets (1,636) (542)  
Other assets, net 924 (31)  
Increase (decrease) in liabilities:      
Accounts payable 2,387 186  
Accrued expenses 353 (6,378)  
Unearned tuition (3,175) (4,213)  
Other liabilities (7) (110)  
Total adjustments (105) (14,639)  
Net cash used in operating activities (214) (14,367)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (3,249) (1,054)  
Proceeds from sale of property and equipment 0 9  
Net cash used in investing activities (3,249) (1,045)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Dividend payment for preferred stock 0 (304)  
Share repurchase (556) 0  
Net share settlement for equity-based compensation (1,779) (1,992)  
Net cash used in financing activities (2,335) (2,296)  
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (5,798) (17,708)  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH-Beginning of period 50,287 83,307 $ 83,307
CASH, CASH EQUIVALENTS AND RESTRICTED CASH-End of period 44,489 65,599 $ 50,287
Cash paid for:      
Interest 94 104  
Income taxes 0 91  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Liabilities accrued for or noncash additions of fixed assets $ 713 $ 813