v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 123,755 $ 140,757
Marketable securities 4,997 7,297
Tuition receivable, net 100,858 78,202
Income taxes receivable 4,772 2,511
Other current assets 55,738 49,090
Total current assets 290,120 277,857
Property and equipment, net 109,994 107,373
Right-of-use lease assets 86,575 91,140
Marketable securities, non-current 5,000 5,000
Intangible assets 250,782 249,243
Goodwill 1,258,536 1,242,413
Other assets 67,855 65,514
Total assets 2,068,862 2,038,540
Current liabilities:    
Accounts payable and accrued expenses 117,169 105,791
Contract liabilities 133,005 96,247
Lease liabilities 14,624 15,905
Total current liabilities 264,798 217,943
Deferred income tax liabilities 33,530 35,835
Lease liabilities, non-current 92,089 93,216
Other long-term liabilities 44,861 45,140
Total liabilities 435,278 392,134
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.01; 32,000,000 shares authorized; 22,968,860 and 22,208,559 shares issued and outstanding at December 31, 2025 and June 30, 2026, respectively 222 230
Additional paid-in capital 1,377,637 1,436,795
Accumulated other comprehensive loss (27,528) (46,115)
Retained earnings 283,253 255,496
Total stockholders’ equity 1,633,584 1,646,406
Total liabilities and stockholders’ equity $ 2,068,862 $ 2,038,540