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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Consolidated Income Statements      
Service revenue $ 960,899 $ 911,306 $ 896,564
Costs and expenses:      
Technology and academic services 154,870 150,493 132,078
Counseling services and support 302,319 273,313 249,179
Marketing and communication 202,800 196,090 182,872
General and administrative 43,235 45,491 41,826
Amortization of intangible assets 8,419 8,419 8,419
Total costs and expenses 711,643 673,806 614,374
Operating income 249,256 237,500 282,190
Interest income on Secured Note     52,090
Interest expense (33) (2) (3,601)
Investment interest and other 10,452 2,621 610
Income before income taxes 259,675 240,119 331,289
Income tax expense 54,690 55,444 70,945
Net income $ 204,985 $ 184,675 $ 260,344
Earnings per share:      
Basic income per share $ 6.83 $ 5.75 $ 5.94
Diluted income per share $ 6.80 $ 5.73 $ 5.92
Basic weighted average shares outstanding 29,991 32,131 43,835
Diluted weighted average shares outstanding 30,147 32,237 43,958