v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 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 Six Months Ended
        June 30,     June 30,  
in thousands
 
Consolidated Statement of
Operations Classification
   2026      2025      2026      2025  
Operating lease cost
 
Selling, general and administrative
 $5,892   $4,982   $11,742   $9,971 
Finance lease cost
                       
Amortization of leased assets
 
Educational services and facilities
  418    418    835    835 
Interest on lease liabilities
 
Interest expense
  590    591    1,182    1,173 
Variable lease cost
 
Selling, general and administrative
  253    244    506    460 
       $7,153   $6,235   $14,265   $12,439 
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:
 
           
    Six Months Ended June 30,  
     2026      2025  
Cash flow information:
         
Cash paid for amounts included in the measurement of lease liabilities
         
Operating Cash Flows - operating leases
 $10,630   $9,697
Operating Cash Flows - finance leases
 $1,182   $1,173
Financing Cash Flows - finance leases
 $220   $(2,033)
Weighted Average Remaining Lease Term and Discount Rate
Weighted-average remaining lease term and discount rate for our leases are as follows:
 
           
 
As of  
 
 June 30,  
     2026      2025  
Weighted-average remaining lease term
         
Operating leases
   15 years      13 years  
Finance leases
   12 years      16 years  
           
Weighted-average discount rate
         
Operating leases
  6.61%   6.58%
Finance leases
  7.67%   7.67%
Maturities of Lease Liabilities
Maturities of lease liabilities by fiscal year for our leases as of June 30, 2026 are as follows:
 
         
     Operating Leases      Finance Leases  
Year ending December 31,
         
2026 (excluding the six months ended June 30, 2026)
 $10,888   $1,415 
2027
  22,138    2,918 
2028
  23,213    3,023 
2029
  21,392    3,132 
2030
  18,488    3,244 
2031
  17,362    3,361 
Thereafter
  141,133    36,813 
Total lease payments
  254,614    53,906 
Less: imputed interest
  (83,413)    (23,008) 
Present value of lease liabilities
 $171,201   $30,898