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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Consolidated Income Statements        
Service revenue $ 199,753 $ 201,487 $ 443,886 $ 438,421
Costs and expenses:        
Technology and academic services 38,189 33,676 74,495 65,727
Counseling services and support 66,025 60,932 133,538 122,171
Marketing and communication 49,735 45,445 100,586 93,176
General and administrative 9,854 9,081 19,747 18,663
Amortization of intangible assets 2,105 2,105 4,210 4,210
Total costs and expenses 165,908 151,239 332,576 303,947
Operating income 33,845 50,248 111,310 134,474
Interest income on Secured Note   14,773   29,322
Interest expense (5) (763) (5) (1,562)
Investment interest and other 344 238 549 359
Income before income taxes 34,184 64,496 111,854 162,593
Income tax expense 8,622 15,035 28,214 35,020
Net income $ 25,562 $ 49,461 $ 83,640 $ 127,573
Earnings per share:        
Basic income per share $ 0.80 $ 1.09 $ 2.51 $ 2.78
Diluted income per share $ 0.80 $ 1.09 $ 2.51 $ 2.78
Basic weighted average shares outstanding 31,800 45,490 33,295 45,810
Diluted weighted average shares outstanding 31,877 45,582 33,381 45,964