LEASES (Tables)

9 Months Ended

Sep. 30, 2025

The following table presents components of lease cost and classification on the Condensed Consolidated Statements of Operations:




		Three Months Ended				Nine Months Ended
		September 30,						September 30,
in thousands	Consolidated Statement of Operations Classification		2025		2024			2025		2024
Operating Lease Cost	Selling, general and administrative	$	5,114	$	4,924		$	15,085	$	14,543
Finance lease cost
Amortization of leased assets	Educational services and facilities		418		418			1,253		1,204
Interest on lease Liabilities	Interest expense		596		554			1,769		1,594
Variable lease cost	Selling, general and administrative		234		117			695		292
		$	6,362	$	6,013		$	18,802	$	17,633

Supplemental cash flow information and non-cash activity related to our leases are as follows:


		Three Months Ended September 30,				Nine Months Ended September 30,
		2025		2024		2025			2024
Cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Operating Cash Flows - operating leases	$	2,812	$	4,456	$	12,509		$	13,465
Operating Cash Flows - finance leases	$	596	$	554	$	1,769		$	1,594
Financing Cash Flows - finance leases	$	88	$	657	$	(1,945	)	$	593

Non-cash activity:
Lease liabilities arising from obtaining right-of-use assets
Operating leases	$	12,089	$	26,014	$	12,309		$	48,409
Finance leases	$	-	$	-	$	-		$	12,570

Weighted-average remaining lease term and discount rate for our leases are as follows:


	As of September 30,
	2025		2024
Weighted-average remaining lease term
Operating leases	15.79 years		13.06 years
Finance leases	12.77 years		16.65 years

Weighted-average discount rate
Operating leases	6.6	%	6.69	%
Finance leases	7.67	%	7.69	%

Maturities of lease liabilities by fiscal year for our leases as of September 30, 2025, are as follows:


		Operating Leases			Finance Leases
Year ending December 31,
2025 (excluding the nine months ending September 30, 2025)	$	3,963		$	683
2026		20,108			2,817
2027		19,692			2,918
2028		20,542			3,023
2029		18,798			3,132
2030		16,041			3,244
Thereafter		136,423			40,174
Total lease payments		235,567			55,991
Less: imputed interest		(79,047	)		(24,784	)
Present value of lease liabilities	$	156,520		$	31,207