10-Q Filing

Stride, Inc. CIK: 1157408 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001104659-16-114723`
Period End Date	20160331
Filing Date	20160427
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	lrn-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 64 Cash Flow Statement 73 Stockholders Equity 12 Comprehensive Income 20

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivable`	$9.95M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivable`	$9.66M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$142.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.85M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$199.51M	USD	Point-in-time
Accounts receivable, net of allowance of $9,949 and $9,657 at March 31, 2016 and June 30, 2015, respectively	`AccountsReceivableNetCurrent`	$222.88M	USD	Point-in-time
Accounts receivable, net of allowance of $9,949 and $9,657 at March 31, 2016 and June 30, 2015, respectively	`AccountsReceivableNetCurrent`	$188.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.59M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.84M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.09M	shares	Point-in-time
Inventories, net	`InventoryNet`	$29.57M	USD	Point-in-time
Inventories, net	`InventoryNet`	$16.15M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$8.99M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$8.41M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.50M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.50M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$16.84M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.43M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$458.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$488.58M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentExcludingSoftwareDevelopmentCostsNet`	$26.72M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentExcludingSoftwareDevelopmentCostsNet`	$34.41M	USD	Point-in-time
Capitalized software, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationsUsedInternallyNet`	$67.71M	USD	Point-in-time
Capitalized software, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationsUsedInternallyNet`	$62.68M	USD	Point-in-time
Capitalized curriculum development costs, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationUsedInternallyCurriculumContentNet`	$58.70M	USD	Point-in-time
Capitalized curriculum development costs, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationUsedInternallyCurriculumContentNet`	$58.34M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$21.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.35M	USD	Point-in-time
Goodwill	`Goodwill`	$66.16M	USD	Point-in-time
Goodwill	`Goodwill`	$66.16M	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$7.05M	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$6.50M	USD	Point-in-time
Total assets	`Assets`	$708.60M	USD	Point-in-time
Total assets	`Assets`	$733.91M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$16.64M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$13.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.82M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.49M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$14.21M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$26.79M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$26.90M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$50.90M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$24.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$121.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$110.66M	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$13.02M	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$9.66M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$6.96M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$7.69M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$27.65M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$22.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.47M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$162.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$171.95M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$9.80M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$9.60M	USD	Point-in-time
Common stock, par value $0.0001; 100,000,000 shares authorized; 42,593,095 and 41,837,894 shares issued and 39,090,497 and 38,335,296 shares outstanding at March 31, 2016 and June 30, 2015,respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, par value $0.0001; 100,000,000 shares authorized; 42,593,095 and 41,837,894 shares issued and 39,090,497 and 38,335,296 shares outstanding at March 31, 2016 and June 30, 2015,respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$668.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$663.46M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.06M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-643.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.44M	USD	Point-in-time
Treasury stock of 3,502,598 shares at cost at March 31, 2016 and June 30, 2015	`TreasuryStockValue`	$75.00M	USD	Point-in-time
Treasury stock of 3,502,598 shares at cost at March 31, 2016 and June 30, 2015	`TreasuryStockValue`	$75.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$536.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$552.15M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and equity	`LiabilitiesAndStockholdersEquity`	$733.91M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and equity	`LiabilitiesAndStockholdersEquity`	$708.60M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$651.38M	USD	3 Qtrs
Revenues	`Revenues`	$244.62M	USD	1 Quarter
Revenues	`Revenues`	$221.34M	USD	1 Quarter
Revenues	`Revenues`	$712.64M	USD	3 Qtrs
Instructional costs and services	`CostOfServices`	$134.75M	USD	1 Quarter
Instructional costs and services	`CostOfServices`	$148.99M	USD	1 Quarter
Instructional costs and services	`CostOfServices`	$403.37M	USD	3 Qtrs
Instructional costs and services	`CostOfServices`	$440.86M	USD	3 Qtrs
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$64.89M	USD	1 Quarter
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$64.87M	USD	1 Quarter
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$226.97M	USD	3 Qtrs
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$225.60M	USD	3 Qtrs
Product development expenses	`ResearchAndDevelopmentExpense`	$9.00M	USD	3 Qtrs
Product development expenses	`ResearchAndDevelopmentExpense`	$3.34M	USD	1 Quarter
Product development expenses	`ResearchAndDevelopmentExpense`	$10.06M	USD	3 Qtrs
Product development expenses	`ResearchAndDevelopmentExpense`	$2.56M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$202.21M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$677.89M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$637.98M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$217.19M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$27.43M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$34.75M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$19.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.40M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-134.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-596.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-101.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-315.00K	USD	1 Quarter
Income before income tax expense and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.03M	USD	1 Quarter
Income before income tax expense and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.61M	USD	3 Qtrs
Income before income tax expense and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.81M	USD	3 Qtrs
Income before income tax expense and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.11M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$12.71M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.37M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.92M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$10.59M	USD	1 Quarter
Net income	`ProfitLoss`	$13.66M	USD	1 Quarter
Net income	`ProfitLoss`	$8.88M	USD	3 Qtrs
Net income	`ProfitLoss`	$21.90M	USD	3 Qtrs
Net income	`ProfitLoss`	$16.53M	USD	1 Quarter
Adjust net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-667.00K	USD	3 Qtrs
Adjust net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-484.00K	USD	1 Quarter
Adjust net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-608.00K	USD	1 Quarter
Adjust net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.13M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLoss`	$10.02M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLoss`	$14.27M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$22.57M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLoss`	$17.01M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.27	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.60	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.56M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.21M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.33M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.69M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.56M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.57M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.41M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$13.66M	USD	1 Quarter
Net income	`ProfitLoss`	$8.88M	USD	3 Qtrs
Net income	`ProfitLoss`	$21.90M	USD	3 Qtrs
Net income	`ProfitLoss`	$16.53M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$52.27M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$50.62M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$13.76M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$13.47M	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$6.00K	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$8.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.13M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-552.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.44M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.90M	USD	3 Qtrs
Provision for excess and obsolete inventory	`InventoryWriteDown`	$543.00K	USD	3 Qtrs
Provision for excess and obsolete inventory	`InventoryWriteDown`	$541.00K	USD	3 Qtrs
Provision for student computer shrinkage and obsolescence	`ProvisionForStudentComputerShrinkageAndObsolescence`	$-422.00K	USD	3 Qtrs
Provision for student computer shrinkage and obsolescence	`ProvisionForStudentComputerShrinkageAndObsolescence`	$-262.00K	USD	3 Qtrs
Expensed leased computer peripherals	`CostOfComputerPeripherals`	$2.53M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$81.42M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.52M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-15.53M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-12.88M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$5.41M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$4.23M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-79.00K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.72M	USD	3 Qtrs
Deposits and other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$425.00K	USD	3 Qtrs
Deposits and other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$159.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.98M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-14.07M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.97M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.48M	USD	3 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$110.00K	USD	3 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$4.62M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$32.34M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$25.97M	USD	3 Qtrs
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLongTermLiabilities`	$-2.50M	USD	3 Qtrs
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLongTermLiabilities`	$2.51M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$45.74M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$61.12M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.66M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.46M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$25.43M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$26.32M	USD	3 Qtrs
Capitalized curriculum development costs	`PaymentsToCapitalizedCurriculumDevelopmentCosts`	$12.21M	USD	3 Qtrs
Capitalized curriculum development costs	`PaymentsToCapitalizedCurriculumDevelopmentCosts`	$12.19M	USD	3 Qtrs
Investment in LearnBop, Inc.	`PaymentsToAcquireInvestments`	$6.51M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-51.79M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.98M	USD	3 Qtrs
Repayments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$16.74M	USD	3 Qtrs
Repayments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$13.43M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$26.45M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$14.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$513.00K	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.00K	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$8.00K	USD	3 Qtrs
Retirement of restricted stock for income tax withholding	`RetirementOfRestrictedStockForIncomeTaxWithholding`	$3.06M	USD	3 Qtrs
Retirement of restricted stock for income tax withholding	`RetirementOfRestrictedStockForIncomeTaxWithholding`	$2.39M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-45.06M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-16.46M	USD	3 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-17.00K	USD	3 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-2.14M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.66M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-53.26M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$142.85M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$195.85M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$196.11M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$199.51M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$142.85M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$195.85M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$196.11M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$199.51M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Redeemable noncontrolling interest related to Middlebury Interactive Languages and LearnBop	`NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable`	$1.10M	USD	3 Qtrs
Balance	`StockholdersEquity`	$536.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$552.15M	USD	Point-in-time
Net Income	`ProfitLossExcludingRedeemableNoncontrollingInterest`	$10.02M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$422.00K	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.76M	USD	3 Qtrs
Exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$14.00K	USD	3 Qtrs
Excess tax from stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation`	$4.61M	USD	3 Qtrs
Accretion of redeemable noncontrolling interests to estimated redemption value	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$1.33M	USD	3 Qtrs
Retirement of restricted stock for tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.06M	USD	3 Qtrs
Balance	`StockholdersEquity`	$536.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$552.15M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$13.66M	USD	1 Quarter
Net income	`ProfitLoss`	$8.88M	USD	3 Qtrs
Net income	`ProfitLoss`	$21.90M	USD	3 Qtrs
Net income	`ProfitLoss`	$16.53M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$422.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$148.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$275.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-840.00K	USD	3 Qtrs
Total other comprehensive income, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$16.80M	USD	1 Quarter
Total other comprehensive income, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$13.81M	USD	1 Quarter
Total other comprehensive income, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$9.31M	USD	3 Qtrs
Total other comprehensive income, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$21.06M	USD	3 Qtrs
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-667.00K	USD	3 Qtrs
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-608.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-484.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.13M	USD	3 Qtrs
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$17.29M	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$10.44M	USD	3 Qtrs
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$21.73M	USD	3 Qtrs
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$14.42M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.