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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Consolidated Income Statements      
Service revenue $ 911,306 $ 896,564 $ 844,096
Costs and expenses:      
Technology and academic services 150,493 132,078 116,012
Counseling services and support 273,313 249,179 234,534
Marketing and communication 196,090 182,872 164,334
General and administrative 45,491 41,826 43,360
Amortization of intangible assets 8,419 8,419 8,419
Total costs and expenses 673,806 614,374 566,659
Operating income 237,500 282,190 277,437
Interest income on Secured Note   52,090 59,190
Interest expense (2) (3,601) (4,402)
Investment interest and other 2,621 610 915
Income before income taxes 240,119 331,289 333,140
Income tax expense 55,444 70,945 75,944
Net income $ 184,675 $ 260,344 $ 257,196
Earnings per share:      
Basic income per share $ 5.75 $ 5.94 $ 5.49
Diluted income per share $ 5.73 $ 5.92 $ 5.45
Basic weighted average shares outstanding 32,131 43,835 46,880
Diluted weighted average shares outstanding 32,237 43,958 47,165