v3.26.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2026
LEASES [Abstract]  
Components of Lease Cost
The following table presents components of lease cost and classification on the Condensed Consolidated Statements of Operations:
 
                   
        Three Months Ended
March 31, 		 
in thousands
 
Consolidated Statement of
Operations Classification
  2026     2025  
Operating lease cost
 
Selling, general and administrative
  $ 5,819    $ 4,989 
Finance lease cost
                 
Amortization of leased assets
 
Educational services and facilities
    418      418 
Interest on lease liabilities
 
Interest expense
    592      582 
Variable lease cost
 
Selling, general and administrative
    253      216 
        $ 7,082    $ 6,205 
Supplemental Cash Flow Information and Non-cash Activity Related to Leases
Supplemental cash flow information and non-cash activity related to our leases are as follows:
 
         
    Three Months Ended
March 31, 		 
    2026     2025  
Cash flow information:
           
Cash paid for amounts included in the measurement of lease liabilities
           
Operating Cash Flows - operating leases
 
$
5,019    
$
4,783  
Operating Cash Flows - finance leases
 
$
592    
$
582  
Financing Cash Flows - finance leases
 
$
102    
$
(1,108
)
Weighted Average Remaining Lease Term and Discount Rate
Weighted-average remaining lease term and discount rate for our leases are as follows:
 
               
 
As of
March 31, 		 
    2026       2025  
Weighted-average remaining lease term
             
Operating leases
  13 years       13 years  
Finance leases
  15 years       16 years  
               
Weighted-average discount rate
             
Operating leases
  6.62
%
    6.59
%
Finance leases
  7.67
%
    7.69
%
Maturities of Lease Liabilities
Maturities of lease liabilities by fiscal year for our leases as of March 31, 2026, are as follows:
 
 
     Operating
Leases		    Finance
Leases   		  
Year ending December 31,              
2026 (excluding the three months ending March 31, 2026)
 $ 16,180    $ 2,123  
2027
   21,416      2,918  
2028
   22,314      3,023  
2029
   20,621      3,132  
2030
   17,918      3,244  
2031
   16,775      3,361  
Thereafter
   140,886      36,813  
Total lease payments
   256,110      54,614  
Less: imputed interest
   (85,576 )     (23,598 ) 
Present value of lease liabilities  $ 170,534    $ 31,016