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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income $ 17,250 $ (109) $ 259 $ 272 $ 17,141 $ 532  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:              
Depreciation and amortization         2,932 3,057  
Deferred income taxes         0 64  
Gain on sale of assets         (30,933) (195)  
Impairment of goodwill and long-lived assets 4,220   0   4,220 0  
Fixed asset donations         (207) (145)  
Provision for credit losses 10,347       18,600 16,165  
Stock-based compensation expense         3,388 1,730  
(Increase) decrease in assets:              
Accounts receivable         (16,923) (21,838)  
Inventories         63 (361)  
Prepaid income taxes and income taxes payable         4,040 (1,793)  
Prepaid expenses and current assets         (1,152) 345  
Other assets, net         1,194 (84)  
Increase (decrease) in liabilities:              
Accounts payable         5,646 1,301  
Accrued expenses         3,694 (4,782)  
Unearned tuition         (1,226) (3,723)  
Other liabilities         (74) (265)  
Total adjustments         (6,738) (10,524)  
Net cash provided by (used in) operating activities         10,403 (9,992)  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Capital expenditures         (10,901) (3,582)  
Proceeds from sale of property and equipment         33,310 2,390  
Proceeds from short-term investment         14,758 0  
Purchase of short-term investment         (24,344) 0  
Net cash provided by (used in) investing activities         12,823 (1,192)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Dividend payment for preferred stock         0 (608)  
Share repurchase         (891) (2,538)  
Net share settlement for equity-based compensation         (2,054) (1,992)  
Net cash used in financing activities         (2,945) (5,138)  
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH         20,281 (16,322)  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of period   $ 50,287   $ 83,307 50,287 83,307 $ 83,307
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of period $ 70,568   $ 66,985   70,568 66,985 $ 50,287
Cash paid for:              
Interest         94 118  
Income taxes         2,169 1,206  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:              
Liabilities accrued for or noncash additions of fixed assets         $ 1,094 $ 591