LEASES (Tables)

12 Months Ended

Dec. 31, 2025

LEASES [Abstract]

Components of Lease Cost

The following table presents components of lease cost and classification on the Consolidated Statement of Operations and Comprehensive Income:

		Year Ended December 31,
in thousands	Consolidated Statement of Operations and Comprehensive Income Classification		2025		2024		2023
Operating Lease Cost	Selling, general and administrative	$	20,716	$	19,665	$	19,235
Finance lease cost
Amortization of leased assets	Educational services and facilities		1,670		1,622		175
Interest on lease Liabilities	Interest expense		2,362		2,155		224
Variable lease cost	Selling, general and administrative		931		423		475
		$	25,679	$	23,865	$	20,109

Supplemental Cash Flow Information and Non-cash Activity Related to Leases

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

	Year Ended December 31,
	2025			2024		2023
Cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Operating Cash Flows - operating leases	$	14,149		$	17,989	$	16,103
Operating Cash Flows - finance leases	$	2,362		$	2,155	$	-
Financing Cash Flows - finance leases	$	(1,856	)	$	495	$	-
Non-cash activity:
Lease liabilities arising from obtaining right-of-use assets
Operating leases	$	27,362		$	59,061	$	10,477
Finance leases	$	-		$	12,570	$	15,971

Weighted Average Remaining Lease Term and Discount Rate

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

	As of
	Year Ended December 31,
	2025			2024
Weighted-average remaining lease term
Operating leases		13 years			13 years
Finance leases		16 years			16 years
Weighted-average discount rate
Operating leases		6.63	%		6.6	%
Finance leases		7.67	%		7.69	%

Maturities of Lease Liabilities

Maturities of lease liabilities by fiscal year for our leases as of December 31, 2025, are as follows:

	Operating Leases			Finance Leases
Year ending December 31,
2026	$	21,199		$	2,817
2027		21,416			2,918
2028		22,314			3,023
2029		20,621			3,132
2030		17,918			3,244
Thereafter		157,660			40,173
Total lease payments		261,128			55,307
Less: imputed interest		(88,381	)		(24,190	)
Present value of lease liabilities	$	172,747		$	31,117