Total cash and cash equivalents, restricted cash and short-term investments
734,824
679,961
643,491
668,622
Student receivables, gross
76,360
77,079
68,346
80,724
Allowance for credit losses
36,325
37,492
41,149
39,422
Student receivables, net
40,035
39,587
27,197
41,302
Receivables, other
6,513
6,958
5,037
6,148
Prepaid expenses
18,450
17,205
16,881
15,877
Inventories
2,586
3,277
4,049
4,016
Other current assets
224
357
208
188
Total current assets
802,632
747,345
696,863
736,153
Property and equipment, net of accumulated depreciation of 94,689 and 86,908 as of june 30, 2026 and december 31, 2025, respectively
78,632
80,990
83,314
85,194
Right of use asset, net - operating
39,745
41,518
43,290
45,050
Right of use asset, net - finance
7,701
8,980
10,259
11,538
Goodwill
265,697
265,697
265,697
258,191
Intangible assets, net of amortization of 53,137 and 44,786 as of june 30, 2026 and december 31,2025, respectively
69,594
73,769
77,945
82,120
Student receivables, gross
9,315
9,182
9,073
9,358
Allowance for credit losses
4,307
4,242
4,262
4,490
Student receivables, net
5,008
4,940
4,811
4,868
Deferred income tax assets, net
57,438
57,438
57,438
68,774
Other assets
8,044
8,096
8,100
7,496
Total assets
1,334,491
1,288,773
1,247,717
1,299,384
Lease liabilities-operating
8,514
8,421
6,032
5,750
Lease liabilities-finance
5,711
5,584
5,458
5,334
Accounts payable
17,310
18,665
14,271
20,218
Payroll and related benefits
28,144
26,454
44,363
38,989
Advertising and marketing costs
7,085
7,095
7,838
7,588
Income taxes
3,565
19,751
5,627
10,670
Other
20,391
16,958
16,374
16,295
Gross deferred revenue
127,420
64,342
80,290
124,920
Gross contract assets
47,066
12,093
42,446
65,124
Deferred revenue
80,354
52,249
37,844
59,796
Total current liabilities
171,074
155,177
137,807
164,640
Lease liabilities-operating
39,194
41,499
43,752
46,014
Lease liabilities-finance
3,176
4,647
6,097
7,518
Sale lease-back financing
57,178
57,084
56,992
56,878
Other liabilities
30,460
30,457
30,657
26,483
Total non-current liabilities
130,008
133,687
137,498
136,893
Common stock, 0.01 par value 300,000,000 shares authorized 92,899,239 and 92,072,703 shares issued, 62,577,055 and 62,478,373 shares outstanding as of june 30, 2026 and december 31, 2025, respectively
929
928
921
921
Additional paid-in capital
727,470
724,243
720,574
717,385
Accumulated other comprehensive (loss) income
-2,284
-1,040
1,070
1,230
Retained earnings
801,038
762,683
718,365
692,761
Treasury stock, at cost 30,322,184 and 29,594,330 shares as of june 30, 2026 and december 31, 2025, respectively
493,744
486,905
468,518
414,446
Total stockholders' equity
1,033,409
999,909
972,412
997,851
Total liabilities and stockholders' equity
1,334,491
1,288,773
1,247,717
1,299,384
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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