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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 28,655 $ 59,273
Accounts receivable, less allowance of $51,023 and $42,615 at March 31, 2025 and December 31, 2024, respectively 47,278 42,983
Inventories 2,394 3,053
Prepaid expenses and other current assets 8,051 4,793
Asset held for sale 0 1,150
Total current assets 86,378 111,252
PROPERTY, EQUIPMENT AND FACILITIES - At cost, net of accumulated depreciation and amortization of $144,251 and $141,271 at March 31, 2025 and December 31, 2024, respectively 125,646 103,533
OTHER ASSETS:    
Noncurrent receivables, less allowance of $19,634 and $22,957 at March 31, 2025 and December 31, 2024, respectively 16,786 19,627
Deferred finance charges 358 323
Deferred income taxes, net 24,812 25,359
Operating lease right-of-use assets 133,462 136,034
Finance lease right-of-use assets 26,327 26,745
Goodwill 10,742 10,742
Other assets, net 1,367 1,387
Pension plan assets, net 1,554 1,554
Total other assets 215,408 221,771
TOTAL ASSETS 427,432 436,556
CURRENT LIABILITIES:    
Unearned tuition 28,846 30,631
Accounts payable 34,359 37,026
Accrued expenses 8,849 11,986
Income taxes payable 1,297 1,072
Current portion of operating lease liabilities 9,751 9,497
Total current liabilities 83,102 90,212
NONCURRENT LIABILITIES:    
Long-term portion of operating lease liabilities 136,181 138,803
Long-term portion of finance lease liabilities 30,369 29,261
Other long-term liabilities 0 16
Total liabilities 249,652 258,292
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, no par value - authorized 100,000,000 shares at March 31, 2025 and December 31, 2024, issued and outstanding 31,592,807 shares at March 31, 2025 and 31,462,640 shares at December 31, 2024 48,181 48,181
Additional paid-in capital 48,211 50,639
Retained earnings 81,114 79,170
Accumulated other comprehensive loss 274 274
Total stockholders' equity 177,780 178,264
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 427,432 $ 436,556