| Financial Information by Reporting Segment |
Summary financial information by
reporting segment is as follows:
| |
|
Three Months Ended June 30,
|
|
|
|
Consolidated
|
|
|
Campus Operations
|
|
|
Transitional
|
|
|
Corporate
|
|
| |
|
2025
|
|
|
2024
|
|
|
2025
|
|
|
2024
|
|
|
2025
|
|
|
2024
|
|
|
2025
|
|
|
2024
|
|
|
REVENUE
|
|
$
|
116,474
|
|
|
$
|
102,914
|
|
|
$
|
116,474
|
|
|
$
|
101,233
|
|
|
$
|
-
|
|
|
$
|
1,681
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
COSTS AND EXPENSES:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Instructional
|
|
|
23,544
|
|
|
|
22,911
|
|
|
|
23,544
|
|
|
|
22,301
|
|
|
|
-
|
|
|
|
610
|
|
|
|
-
|
|
|
|
-
|
|
|
Books and tools
|
|
|
6,769
|
|
|
|
7,650
|
|
|
|
6,769
|
|
|
|
7,464
|
|
|
|
-
|
|
|
|
186
|
|
|
|
-
|
|
|
|
-
|
|
|
Facilities
|
|
|
11,933
|
|
|
|
11,852
|
|
|
|
11,933
|
|
|
|
11,617
|
|
|
|
-
|
|
|
|
235
|
|
|
|
-
|
|
|
|
-
|
|
|
Depreciation and amortization
|
|
|
4,545
|
|
|
|
3,148
|
|
|
|
4,545
|
|
|
|
3,130
|
|
|
|
-
|
|
|
|
18
|
|
|
|
-
|
|
|
|
-
|
|
|
Educational services and facilities
|
|
|
46,791
|
|
|
|
45,561
|
|
|
|
46,791
|
|
|
|
44,512
|
|
|
|
-
|
|
|
|
1,049
|
|
|
|
-
|
|
|
|
-
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales and marketing
|
|
|
18,872
|
|
|
|
18,070
|
|
|
|
18,872
|
|
|
|
17,639
|
|
|
|
-
|
|
|
|
431
|
|
|
|
- |
|
|
|
- |
|
|
Student services
|
|
|
6,363
|
|
|
|
5,425
|
|
|
|
6,363
|
|
|
|
5,205
|
|
|
|
-
|
|
|
|
220
|
|
|
|
- |
|
|
|
- |
|
|
Bad debt
|
|
|
13,177
|
|
|
|
13,323
|
|
|
|
13,177
|
|
|
|
13,098
|
|
|
|
-
|
|
|
|
225
|
|
|
|
-
|
|
|
|
- |
|
|
Administrative
|
|
|
28,484
|
|
|
|
20,872
|
|
|
|
12,218
|
|
|
|
10,037
|
|
|
|
-
|
|
|
|
265
|
|
|
|
16,266
|
|
|
|
10,570
|
|
|
Depreciation and amortization
|
|
|
165
|
|
|
|
175
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
- |
|
|
|
165
|
|
|
|
175
|
|
|
Selling, general and administrative
|
|
|
67,061
|
|
|
|
57,865
|
|
|
|
50,630
|
|
|
|
45,979
|
|
|
|
-
|
|
|
|
1,141
|
|
|
|
16,431
|
|
|
|
10,745
|
|
|
(Gain) loss on sale of assets
|
|
|
(256
|
)
|
|
|
604
|
|
|
|
(256
|
)
|
|
|
601 |
|
|
|
- |
|
|
|
- |
|
|
|
-
|
|
|
|
3
|
|
|
Total costs and expenses
|
|
|
113,596
|
|
|
|
104,030
|
|
|
|
97,165
|
|
|
|
91,092
|
|
|
|
-
|
|
|
|
2,190
|
|
|
|
16,431
|
|
|
|
10,748
|
|
|
OPERATING INCOME (LOSS)
|
|
$
|
2,878
|
|
|
$
|
(1,116
|
)
|
|
$
|
19,309
|
|
|
$
|
10,141
|
|
|
$
|
-
|
|
|
$
|
(509
|
)
|
|
$
|
(16,431
|
)
|
|
$
|
(10,748
|
)
|
| |
|
Six Months Ended June 30,
|
|
|
|
Consolidated
|
|
|
Campus Operations
|
|
|
Transitional
|
|
|
Corporate
|
|
| |
|
2025
|
|
|
2024
|
|
|
2025
|
|
|
2024
|
|
|
2025
|
|
|
2024
|
|
|
2025
|
|
|
2024
|
|
|
REVENUE
|
|
$
|
233,980
|
|
|
$
|
206,281
|
|
|
$
|
233,980
|
|
|
$
|
202,555
|
|
|
$
|
-
|
|
|
|
3,726
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
COSTS AND EXPENSES:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Instructional
|
|
|
46,559
|
|
|
|
45,422
|
|
|
|
46,559
|
|
|
|
44,195
|
|
|
|
-
|
|
|
|
1,227
|
|
|
|
-
|
|
|
|
-
|
|
|
Books and tools
|
|
|
14,477
|
|
|
|
14,000
|
|
|
|
14,477
|
|
|
|
13,517
|
|
|
|
-
|
|
|
|
483
|
|
|
|
-
|
|
|
|
-
|
|
|
Facilities
|
|
|
25,018
|
|
|
|
23,241
|
|
|
|
25,018
|
|
|
|
22,774
|
|
|
|
-
|
|
|
|
467
|
|
|
|
-
|
|
|
|
-
|
|
|
Depreciation and amortization
|
|
|
8,145
|
|
|
|
5,921
|
|
|
|
8,145
|
|
|
|
5,883
|
|
|
|
-
|
|
|
|
38
|
|
|
|
-
|
|
|
|
-
|
|
|
Educational services and facilities
|
|
|
94,199
|
|
|
|
88,584
|
|
|
|
94,199
|
|
|
|
86,369
|
|
|
|
-
|
|
|
|
2,215
|
|
|
|
-
|
|
|
|
-
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales and marketing
|
|
|
38,573
|
|
|
|
37,829
|
|
|
|
38,573
|
|
|
|
37,020
|
|
|
|
-
|
|
|
|
809
|
|
|
|
- |
|
|
|
- |
|
|
Student services
|
|
|
12,601
|
|
|
|
10,937
|
|
|
|
12,601
|
|
|
|
10,483
|
|
|
|
-
|
|
|
|
454
|
|
|
|
- |
|
|
|
- |
|
|
Bad debt
|
|
|
25,012
|
|
|
|
25,537
|
|
|
|
24,975
|
|
|
|
25,053
|
|
|
|
-
|
|
|
|
484
|
|
|
|
37
|
|
|
|
- |
|
|
Administrative
|
|
|
57,452
|
|
|
|
43,690
|
|
|
|
23,160
|
|
|
|
20,278
|
|
|
|
-
|
|
|
|
560
|
|
|
|
34,292
|
|
|
|
22,852
|
|
|
Depreciation and amortization
|
|
|
327
|
|
|
|
366
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
- |
|
|
|
327
|
|
|
|
366
|
|
|
Selling, general and administrative
|
|
|
133,965
|
|
|
|
118,359
|
|
|
|
99,309
|
|
|
|
92,834
|
|
|
|
-
|
|
|
|
2,307
|
|
|
|
34,656
|
|
|
|
23,218
|
|
|
(Gain) loss on sale of assets
|
|
|
(476
|
)
|
|
|
913
|
|
|
|
(510
|
)
|
|
|
601 |
|
|
|
- |
|
|
|
- |
|
|
|
34
|
|
|
|
312
|
|
|
Total costs and expenses
|
|
|
227,688
|
|
|
|
207,856
|
|
|
|
192,998
|
|
|
|
179,804
|
|
|
|
-
|
|
|
|
4,522
|
|
|
|
34,690
|
|
|
|
23,530
|
|
|
OPERATING INCOME (LOSS)
|
|
$
|
6,292
|
|
|
$
|
(1,575
|
)
|
|
$
|
40,982
|
|
|
$
|
22,751
|
|
|
$
|
-
|
|
|
$
|
(796
|
)
|
|
$
|
(34,690
|
)
|
|
$
|
(23,530
|
)
|
|