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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income $ 2,064 $ (109) $ 3,544 $ 272 $ 19,205 $ 4,076  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization         4,656 4,618  
Deferred income taxes         0 64  
Gain on sale of assets         (30,923) (178)  
Impairment of goodwill and long-lived assets 0   0   4,220 0  
Fixed asset donations         (239) (245)  
Provision for credit losses 12,747       31,347 24,888  
Stock-based compensation expense         4,050 2,367  
(Increase) decrease in assets:              
Accounts receivable         (39,240) (32,467)  
Inventories         (317) 7  
Prepaid income taxes and income taxes payable         997 (503)  
Prepaid expenses and current assets         (124) 2,550  
Other assets, net         2,023 329  
Increase (decrease) in liabilities:              
Accounts payable         6,374 3,800  
Accrued expenses         4,017 (5,631)  
Unearned tuition         (2,310) (2,661)  
Other liabilities         (124) (402)  
Total adjustments         (15,593) (3,464)  
Net cash provided by operating activities         3,612 612  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Capital expenditures         (28,685) (7,053)  
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 used in investing activities         (4,961) (4,663)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Dividend payment for preferred stock         0 (912)  
Share repurchase         (891) (6,733)  
Net share settlement for equity-based compensation         (2,054) (1,992)  
Net cash used in financing activities         (2,945) (9,637)  
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH         (4,294) (13,688)  
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 $ 45,993   $ 69,619   45,993 69,619 $ 50,287
Cash paid for:              
Interest         94 132  
Income taxes         6,002 1,216  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:              
Liabilities accrued for or noncash additions of fixed assets         $ 1,126 $ 501