10-Q Filing

Stride, Inc. CIK: 1157408 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-000255`
Period End Date	20171231
Filing Date	20180126
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	lrn-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 64 Cash Flow Statement 71 Stockholders Equity 15 Comprehensive Income 20

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivable`	$10.17M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivable`	$14.79M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$189.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$230.86M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$182.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$213.99M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.33M	shares	Point-in-time
Accounts receivable, net of allowance of $10,168 and $14,791 at December 31, 2017 and June 30, 2017, respectively	`AccountsReceivableNetCurrent`	$244.12M	USD	Point-in-time
Accounts receivable, net of allowance of $10,168 and $14,791 at December 31, 2017 and June 30, 2017, respectively	`AccountsReceivableNetCurrent`	$192.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.82M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	41.40M	shares	Point-in-time
Inventories, net	`InventoryNet`	$18.39M	USD	Point-in-time
Inventories, net	`InventoryNet`	$30.50M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.99M	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`	$8.01M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$473.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$488.75M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentExcludingSoftwareDevelopmentCostsNet`	$26.30M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentExcludingSoftwareDevelopmentCostsNet`	$29.47M	USD	Point-in-time
Capitalized software, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationsUsedInternallyNet`	$57.90M	USD	Point-in-time
Capitalized software, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationsUsedInternallyNet`	$62.70M	USD	Point-in-time
Capitalized curriculum development costs, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationUsedInternallyCurriculumContentNet`	$59.21M	USD	Point-in-time
Capitalized curriculum development costs, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationUsedInternallyCurriculumContentNet`	$54.82M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.23M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.45M	USD	Point-in-time
Goodwill	`Goodwill`	$87.21M	USD	Point-in-time
Goodwill	`Goodwill`	$90.20M	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$6.06M	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$8.06M	USD	Point-in-time
Total assets	`Assets`	$748.66M	USD	Point-in-time
Total assets	`Assets`	$735.28M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$11.88M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$13.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.05M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.48M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.62M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$19.67M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$29.37M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$54.95M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$24.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$117.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$117.75M	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$10.03M	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$13.93M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$4.16M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$3.75M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$16.02M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$16.73M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.95M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$162.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$160.24M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$700.00K	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$500.00K	USD	Point-in-time
Common stock, par value $0.0001; 100,000,000 shares authorized; 44,898,430 and 44,325,772 shares issued and 41,395,832 and 40,823,174 shares outstanding at December 31, 2017 and June 30, 2017, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, par value $0.0001; 100,000,000 shares authorized; 44,898,430 and 44,325,772 shares issued and 41,395,832 and 40,823,174 shares outstanding at December 31, 2017 and June 30, 2017, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$697.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$690.49M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-364.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-170.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.84M	USD	Point-in-time
Treasury stock of 3,502,598 shares at cost at December 31, 2017 and June 30, 2017	`TreasuryStockValue`	$75.00M	USD	Point-in-time
Treasury stock of 3,502,598 shares at cost at December 31, 2017 and June 30, 2017	`TreasuryStockValue`	$75.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$574.35M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$585.84M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$748.66M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$735.28M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$217.21M	USD	1 Quarter
Revenues	`Revenues`	$446.00M	USD	2 Qtrs
Revenues	`Revenues`	$450.23M	USD	2 Qtrs
Revenues	`Revenues`	$221.09M	USD	1 Quarter
Instructional costs and services	`CostOfServices`	$137.54M	USD	1 Quarter
Instructional costs and services	`CostOfServices`	$139.16M	USD	1 Quarter
Instructional costs and services	`CostOfServices`	$286.53M	USD	2 Qtrs
Instructional costs and services	`CostOfServices`	$281.64M	USD	2 Qtrs
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$61.96M	USD	1 Quarter
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$167.00M	USD	2 Qtrs
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$158.24M	USD	2 Qtrs
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$62.35M	USD	1 Quarter
Product development expenses	`ResearchAndDevelopmentExpense`	$5.27M	USD	2 Qtrs
Product development expenses	`ResearchAndDevelopmentExpense`	$2.38M	USD	1 Quarter
Product development expenses	`ResearchAndDevelopmentExpense`	$5.93M	USD	2 Qtrs
Product development expenses	`ResearchAndDevelopmentExpense`	$2.87M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$454.57M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$202.77M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$203.50M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$450.04M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$13.71M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$18.32M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-4.35M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-4.05M	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$606.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$274.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$264.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$39.00K	USD	1 Quarter
Income (loss) before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.77M	USD	2 Qtrs
Income (loss) before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.75M	USD	1 Quarter
Income (loss) before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.74M	USD	2 Qtrs
Income (loss) before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.59M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-8.80M	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$564.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-1.00M	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$7.69M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$13.19M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$5.03M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-2.74M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$10.90M	USD	1 Quarter
Add net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-70.00K	USD	1 Quarter
Add net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-753.00K	USD	1 Quarter
Add net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-173.00K	USD	2 Qtrs
Add net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-557.00K	USD	2 Qtrs
Net income (loss) attributable to common stockholders	`NetIncomeLoss`	$11.65M	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLoss`	$-2.18M	USD	2 Qtrs
Net income (loss) attributable to common stockholders	`NetIncomeLoss`	$5.20M	USD	2 Qtrs
Net income (loss) attributable to common stockholders	`NetIncomeLoss`	$13.26M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.13	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.23M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.10M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.35M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.02M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.02M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.01M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.77M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.69M	shares	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$13.19M	USD	1 Quarter
Net loss	`ProfitLoss`	$5.03M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-2.74M	USD	2 Qtrs
Net loss	`ProfitLoss`	$10.90M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$39.19M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$36.38M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$9.29M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$10.30M	USD	2 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$250.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.12M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-51.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$273.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$468.00K	USD	2 Qtrs
Provision for excess and obsolete inventory	`InventoryWriteDown`	$497.00K	USD	2 Qtrs
Provision for excess and obsolete inventory	`InventoryWriteDown`	$959.00K	USD	2 Qtrs
Provision for student computer shrinkage and obsolescence	`ProvisionForStudentComputerShrinkageAndObsolescence`	$-5.00K	USD	2 Qtrs
Provision for student computer shrinkage and obsolescence	`ProvisionForStudentComputerShrinkageAndObsolescence`	$265.00K	USD	2 Qtrs
Expensed computer peripherals	`CostOfComputerPeripherals`	$2.73M	USD	2 Qtrs
Expensed computer peripherals	`CostOfComputerPeripherals`	$2.53M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$49.45M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$52.20M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.16M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-12.42M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$8.17M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$13.98M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.33M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.75M	USD	2 Qtrs
Deposits and other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.19M	USD	2 Qtrs
Deposits and other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-5.65M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.54M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.11M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-11.08M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-13.19M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-9.71M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-10.15M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$29.75M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$33.26M	USD	2 Qtrs
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLongTermLiabilities`	$-1.05M	USD	2 Qtrs
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLongTermLiabilities`	$-1.82M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.25M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.74M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.92M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.28M	USD	2 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$13.38M	USD	2 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$13.45M	USD	2 Qtrs
Capitalized curriculum development costs	`PaymentsToCapitalizedCurriculumDevelopmentCosts`	$4.47M	USD	2 Qtrs
Capitalized curriculum development costs	`PaymentsToCapitalizedCurriculumDevelopmentCosts`	$9.14M	USD	2 Qtrs
Acquisition of Big Universe, Inc., net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.17M	USD	2 Qtrs
Purchase of noncontrolling interest	`PaymentsToMinorityShareholders`	$9.13M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.94M	USD	2 Qtrs
Repayments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$8.12M	USD	2 Qtrs
Repayments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$6.99M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$58.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$437.00K	USD	2 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$250.00K	USD	2 Qtrs
Repurchase of restricted stock for income tax withholding	`RepurchaseOfRestrictedStockForIncomeTaxWithholding`	$1.65M	USD	2 Qtrs
Repurchase of restricted stock for income tax withholding	`RepurchaseOfRestrictedStockForIncomeTaxWithholding`	$5.76M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.69M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.08M	USD	2 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-18.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-41.36M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-31.84M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$189.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$230.86M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$182.15M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$213.99M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$189.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$230.86M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$182.15M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$213.99M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Redeemable noncontrolling interest related to LearnBop	`NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable`	$200.00K	USD	2 Qtrs
Balance	`StockholdersEquity`	$574.35M	USD	Point-in-time
Balance	`StockholdersEquity`	$585.84M	USD	Point-in-time
Adjustment related to new stock-based compensation guidance	`AdjustmentsToAdditionalPaidInCapitalNewStockBasedCompensationGuidance`	$43.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-2.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.26M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-194.00K	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.12M	USD	2 Qtrs
Exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$58.00K	USD	2 Qtrs
Adjustments to redeemable noncontrolling interests to estimated redemption value	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$-27.00K	USD	2 Qtrs
Retirement of restricted stock for tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.76M	USD	2 Qtrs
Balance	`StockholdersEquity`	$574.35M	USD	Point-in-time
Balance	`StockholdersEquity`	$585.84M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$13.19M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$5.03M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-2.74M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$10.90M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$238.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-39.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-194.00K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$390.00K	USD	2 Qtrs
Total other comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$11.14M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.35M	USD	2 Qtrs
Total other comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	2 Qtrs
Total other comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$13.15M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-557.00K	USD	2 Qtrs
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-70.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-753.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-173.00K	USD	2 Qtrs
Comprehensive income (loss) attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$-1.79M	USD	2 Qtrs
Comprehensive income (loss) attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$11.89M	USD	1 Quarter
Comprehensive income (loss) attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$13.22M	USD	1 Quarter
Comprehensive income (loss) attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$5.01M	USD	2 Qtrs

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