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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Consolidated Income Statements        
Service revenue $ 208,720 $ 206,767 $ 652,606 $ 645,188
Costs and expenses:        
Technology and academic services 37,641 35,536 112,136 101,263
Counseling services and support 67,235 62,209 200,773 184,380
Marketing and communication 50,651 47,150 151,237 140,326
General and administrative 15,576 14,451 35,323 33,114
Amortization of intangible assets 2,105 2,105 6,315 6,315
Total costs and expenses 173,208 161,451 505,784 465,398
Operating income 35,512 45,316 146,822 179,790
Interest income on Secured Note   15,031   44,353
Interest expense   (741) (5) (2,303)
Investment interest and other 745 218 1,294 577
Income before income taxes 36,257 59,824 148,111 222,417
Income tax expense 6,249 12,166 34,463 47,186
Net income $ 30,008 $ 47,658 $ 113,648 $ 175,231
Earnings per share:        
Basic income per share $ 0.96 $ 1.08 $ 3.48 $ 3.87
Diluted income per share $ 0.96 $ 1.08 $ 3.47 $ 3.86
Basic weighted average shares outstanding 31,302 44,212 32,623 45,272
Diluted weighted average shares outstanding 31,387 44,298 32,709 45,404