XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
REVENUE $ 102,914 $ 88,646 $ 206,281 $ 175,929
COSTS AND EXPENSES:        
Educational services and facilities 45,561 40,030 88,584 78,123
Selling, general and administrative 57,865 51,814 118,359 102,119
Loss (gain) on sale of assets 604 (30,933) 913 (30,933)
Impairment of goodwill and long-lived assets 0 4,220 0 4,220
Total costs & expenses 104,030 65,131 207,856 153,529
OPERATING (LOSS) INCOME (1,116) 23,515 (1,575) 22,400
OTHER:        
Interest income 638 547 1,336 1,013
Interest expense (667) (28) (1,234) (53)
(LOSS) INCOME BEFORE INCOME TAXES (1,145) 24,034 (1,473) 23,360
(BENEFIT) PROVISION FOR INCOME TAXES (463) 6,784 (577) 6,219
NET (LOSS) INCOME $ (682) $ 17,250 $ (896) $ 17,141
Basic        
Net (loss) income per common share (in dollars per share) $ (0.02) $ 0.57 $ (0.03) $ 0.57
Diluted        
Net (loss) income per common share (in dollars per share) $ (0.02) $ 0.57 $ (0.03) $ 0.57
Weighted average number of common shares outstanding:        
Basic (in shares) 30,659,878 30,140,221 30,480,677 30,090,113
Diluted (in shares) 30,659,878 30,397,308 30,480,677 30,333,495