Share-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2020

Share-Based Compensation

Schedule of Activity Related to Restricted Stock Granted under Company's Incentive Plan

		Weighted Average
	Total	Grant Date
	Shares	Fair Value per Share
Outstanding as of December 31, 2019	422	$	76.43
Granted	164	$	84.07
Vested	(153)	$	64.37
Forfeited, canceled or expired	(10)	$	85.74
Outstanding as of March 31, 2020	423	$	83.53

Schedule of Activity Related to Stock Options Granted under Company's Incentive Plan

	Summary of Stock Options Outstanding
		Weighted		Weighted
		Average		Average
		Exercise		Remaining	Aggregate
	Total	Price per		Contractual	Intrinsic
	Shares	Share		Term (Years)	Value ($)(1)
Outstanding as of December 31, 2019	232	$	15.42
Granted	—	$	—
Exercised	(4)	$	20.50
Forfeited, canceled or expired	—	$	—
Outstanding as of March 31, 2020	228	$	15.34	0.94	$	13,868
Exercisable as of March 31, 2020	228	$	15.34	0.94	$	13,868

(1) Aggregate intrinsic value represents the value of the Company’s closing stock price on March 31, 2020 ($76.29) in excess of the exercise price multiplied by the number of shares underlying options outstanding or exercisable, as applicable.

Schedule of Share-Based Compensation Expense

The table below outlines share-based compensation expense for the three months ended March 31, 2020 and 2019 related to restricted stock and stock options granted:

	2020		2019
Technology and academic services	$	518	$	434
Counseling services and support		1,330		1,334
Marketing and communication		25		19
General and administrative		783		849
Share-based compensation expense included in operating expenses		2,656		2,636
Tax effect of share-based compensation		(664)		(659)
Share-based compensation expense, net of tax	$	1,992	$	1,977