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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 68,554 $ 75,992
Restricted cash 1,221 4,277
Accounts receivable, less allowance for credit losses of $37,128 and $34,441 at March 31, 2024 and December 31, 2023, respectively 40,484 35,692
Inventories 2,419 2,948
Prepaid expenses and other current assets 6,071 5,556
Assets held for sale 0 10,198
Total current assets 118,749 134,663
PROPERTY, EQUIPMENT AND FACILITIES - At cost, net of accumulated depreciation and amortization of $141,696 and $140,161 at March 31, 2024 and December 31, 2023, respectively 52,005 50,857
OTHER ASSETS:    
Noncurrent receivables, less allowance for credit losses of $19,211 and $19,370 at March 31, 2024 and December 31, 2023, respectively 17,360 17,504
Deferred finance charges 420 0
Deferred income taxes, net 22,796 23,217
Operating lease right-of-use assets 102,797 89,923
Finance lease right-of-use assets 27,998 15,797
Goodwill 10,742 10,742
Other assets, net 1,443 1,787
Pension plan assets, net 853 759
Total other assets 184,409 159,729
TOTAL ASSETS 355,163 345,249
CURRENT LIABILITIES:    
Unearned tuition 22,265 26,906
Accounts payable 14,282 18,152
Accrued expenses 9,206 13,713
Income taxes payable 2,287 2,832
Current portion of operating lease liabilities 11,842 11,737
Current portion of finance lease liabilities 0 70
Total current liabilities 59,882 73,410
NONCURRENT LIABILITIES:    
Long-term portion of operating lease liabilities 101,927 88,853
Long-term portion of finance lease liabilities 28,809 16,126
Other long-term liabilities 52 56
Total liabilities 190,670 178,445
STOCKHOLDERS' EQUITY:    
Common stock, no par value - authorized 100,000,000 shares at March 31, 2024 and December 31, 2023, issued and outstanding 31,443,711 shares at March 31, 2024 and issued and outstanding 31,443,711 shares at March 31, 2024 and 31,359,110 shares at December 31, 2023. 48,181 48,181
Additional paid-in capital 47,283 49,380
Retained earnings 69,065 69,279
Accumulated other comprehensive loss (36) (36)
Total stockholders' equity 164,493 166,804
TOTAL LIABILITIES, SERIES A CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY $ 355,163 $ 345,249