Consolidated Income Statements - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Consolidated Income Statements
Net revenue	$ 221,655	$ 197,287
Costs and expenses:
Technology and academic services	26,277	18,625
Counseling services and support	60,219	53,093
Marketing and communication	42,693	35,967
General and administrative	9,565	11,397
Amortization of intangible assets	2,105	1,686
Loss on transaction		4,088
Total costs and expenses	140,859	124,856
Operating income	80,796	72,431
Interest income on Secured Note	14,710	13,735
Interest expense	(1,546)	(2,586)
Investment interest and other	216	1,119
Income before income taxes	94,176	84,699
Income tax expense	22,791	11,456
Net income	$ 71,385	$ 73,243
Earnings per share:
Basic income per share	$ 1.50	$ 1.54
Diluted income per share	$ 1.49	$ 1.52
Basic weighted average shares outstanding	47,455	47,699
Diluted weighted average shares outstanding	47,764	48,274