v3.26.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Revenue and Income from Operations by Segment
Revenue, cost of services, other segment items and income from operations by reportable segment were as follows:
Full service
center-based
child care		Back-up careEducational
advisory services		Total
(In thousands)
Three months ended June 30, 2026
Revenue$557,297 $193,586 $28,295 $779,178 
Cost of services469,818 105,379 15,018 590,215 
Other segment items (1)
62,419 37,929 8,798 109,146 
Income from operations (2)
$25,060 $50,278 $4,479 $79,817 
Interest expense — net(14,023)
Income before income tax$65,794 
Three months ended June 30, 2025
Revenue$540,267 $162,670 $28,633 $731,570 
Cost of services445,743 88,756 14,521 549,020 
Other segment items (1)
54,244 32,991 9,263 96,498 
Income from operations$40,280 $40,923 $4,849 $86,052 
Interest expense — net(10,555)
Income before income tax$75,497 
(1)Other segment items for each reportable segment includes selling, general and administrative expenses and amortization expense.
(2)For the three months ended June 30, 2026, income from operations includes $19.1 million of impairment losses related to the full service center-based child care segment, of which $12.8 million was recorded to cost of services and $6.3 million was recorded to selling, general and administrative expenses. Refer to Note 3, Leases, Note 5, Goodwill and Intangible Assets, and Note 9, Fair Value Measurements, for additional information on impairment losses.
Full service
center-based
child care		Back-up careEducational
advisory services		Total
(In thousands)
Six months ended June 30, 2026
Revenue$1,097,931 $338,255 $55,214 $1,491,400 
Cost of services918,712 189,895 30,340 1,138,947 
Other segment items (1)
117,254 72,510 17,923 207,687 
Income from operations (2)
$61,965 $75,850 $6,951 $144,766 
Interest expense — net(26,045)
Income before income tax$118,721 
Six months ended June 30, 2025
Revenue$1,050,814 $291,282 $55,001 $1,397,097 
Cost of services867,863 161,497 29,450 1,058,810 
Other segment items (1)
109,417 62,478 18,068 189,963 
Income from operations$73,534 $67,307 $7,483 $148,324 
Interest expense — net(20,906)
Income before income tax$127,418 
(1)Other segment items for each reportable segment includes selling, general and administrative expenses and amortization expense.
(2)For the six months ended June 30, 2026, income from operations includes $19.1 million of impairment losses related to the full service center-based child care segment, of which $12.8 million was recorded to cost of services and $6.3 million was recorded to selling, general and administrative expenses in the second quarter. Refer to Note 3, Leases, Note 5, Goodwill and Intangible Assets, and Note 9, Fair Value Measurements, for additional information on impairment losses.