10-Q Filing

Stride, Inc. CIK: 1157408 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-003207`
Period End Date	20180331
Filing Date	20180425
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	lrn-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 64 Cash Flow Statement 73 Stockholders Equity 14 Comprehensive Income 20

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivable`	$14.79M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivable`	$9.98M	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`	$230.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$213.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$194.71M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.33M	shares	Point-in-time
Accounts receivable, net of allowance of $9,978 and $14,791 at March 31, 2018 and June 30, 2017, respectively	`AccountsReceivableNetCurrent`	$192.21M	USD	Point-in-time
Accounts receivable, net of allowance of $9,978 and $14,791 at March 31, 2018 and June 30, 2017, respectively	`AccountsReceivableNetCurrent`	$208.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.66M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.82M	shares	Point-in-time
Inventories, net	`InventoryNet`	$18.05M	USD	Point-in-time
Inventories, net	`InventoryNet`	$30.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	41.16M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.50M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$14.42M	USD	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`	$13.77M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$482.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$473.58M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentExcludingSoftwareDevelopmentCostsNet`	$29.47M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentExcludingSoftwareDevelopmentCostsNet`	$26.30M	USD	Point-in-time
Capitalized software, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationsUsedInternallyNet`	$55.73M	USD	Point-in-time
Capitalized software, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationsUsedInternallyNet`	$62.70M	USD	Point-in-time
Capitalized curriculum development costs, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationUsedInternallyCurriculumContentNet`	$53.30M	USD	Point-in-time
Capitalized curriculum development costs, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationUsedInternallyCurriculumContentNet`	$59.21M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.23M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$18.69M	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`	$31.59M	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$6.06M	USD	Point-in-time
Total assets	`Assets`	$761.12M	USD	Point-in-time
Total assets	`Assets`	$735.28M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$13.73M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$11.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.05M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.62M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.30M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$29.37M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$29.49M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$24.83M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$49.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$117.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$123.11M	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`	$13.98M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$4.16M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$3.51M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$11.57M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$16.73M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.58M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$161.69M	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
Common stock, par value $0.0001; 100,000,000 shares authorized; 44,664,798 and 44,325,772 shares issued, and 41,162,200 and 40,823,174 shares outstanding at March 31, 2018 and June 30, 2017, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, par value $0.0001; 100,000,000 shares authorized; 44,664,798 and 44,325,772 shares issued, and 41,162,200 and 40,823,174 shares outstanding at March 31, 2018 and June 30, 2017, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$697.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$690.49M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-562.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-170.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.98M	USD	Point-in-time
Treasury stock of 3,502,598 shares at cost at March 31, 2018 and June 30, 2017	`TreasuryStockValue`	$75.00M	USD	Point-in-time
Treasury stock of 3,502,598 shares at cost at March 31, 2018 and June 30, 2017	`TreasuryStockValue`	$75.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$599.43M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$574.35M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$735.28M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$761.12M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$678.86M	USD	3 Qtrs
Revenues	`Revenues`	$222.53M	USD	1 Quarter
Revenues	`Revenues`	$232.86M	USD	1 Quarter
Revenues	`Revenues`	$672.76M	USD	3 Qtrs
Instructional costs and services	`CostOfServices`	$435.41M	USD	3 Qtrs
Instructional costs and services	`CostOfServices`	$136.43M	USD	1 Quarter
Instructional costs and services	`CostOfServices`	$418.07M	USD	3 Qtrs
Instructional costs and services	`CostOfServices`	$148.88M	USD	1 Quarter
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$62.27M	USD	1 Quarter
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$220.51M	USD	3 Qtrs
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$69.83M	USD	1 Quarter
Selling, administrative, and other operating expenses	`SellingGeneralAndAdministrativeExpense`	$236.83M	USD	3 Qtrs
Product development expenses	`ResearchAndDevelopmentExpense`	$9.45M	USD	3 Qtrs
Product development expenses	`ResearchAndDevelopmentExpense`	$7.28M	USD	3 Qtrs
Product development expenses	`ResearchAndDevelopmentExpense`	$3.51M	USD	1 Quarter
Product development expenses	`ResearchAndDevelopmentExpense`	$2.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$664.34M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$213.15M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$663.19M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$209.77M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.42M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.76M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.67M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$19.72M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$535.00K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$1.25M	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$641.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$261.00K	USD	1 Quarter
Income before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.66M	USD	3 Qtrs
Income before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.98M	USD	1 Quarter
Income before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.40M	USD	1 Quarter
Income before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.20M	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$3.52M	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$4.52M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-1.87M	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$6.93M	USD	1 Quarter
Net income	`ProfitLoss`	$18.07M	USD	3 Qtrs
Net income	`ProfitLoss`	$13.04M	USD	1 Quarter
Net income	`ProfitLoss`	$8.88M	USD	1 Quarter
Net income	`ProfitLoss`	$6.14M	USD	3 Qtrs
Add net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-233.00K	USD	1 Quarter
Add net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-200.00K	USD	3 Qtrs
Add net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-27.00K	USD	1 Quarter
Add net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-790.00K	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLoss`	$9.12M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$18.27M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLoss`	$6.93M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLoss`	$13.07M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.15M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.37M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.64M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.38M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.77M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.33M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.77M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.96M	shares	3 Qtrs

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$18.07M	USD	3 Qtrs
Net income	`ProfitLoss`	$13.04M	USD	1 Quarter
Net income	`ProfitLoss`	$8.88M	USD	1 Quarter
Net income	`ProfitLoss`	$6.14M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$56.33M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$57.61M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$14.85M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$14.56M	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$250.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.98M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-259.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$605.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$4.20M	USD	3 Qtrs
Provision for excess and obsolete inventory	`InventoryWriteDown`	$395.00K	USD	3 Qtrs
Provision for excess and obsolete inventory	`InventoryWriteDown`	$1.32M	USD	3 Qtrs
Provision for student computer shrinkage and obsolescence	`ProvisionForStudentComputerShrinkageAndObsolescence`	$103.00K	USD	3 Qtrs
Provision for student computer shrinkage and obsolescence	`ProvisionForStudentComputerShrinkageAndObsolescence`	$256.00K	USD	3 Qtrs
Impairment loss on other assets	`OtherAssetImpairmentCharges`	$586.00K	USD	3 Qtrs
Expensed computer peripherals	`CostOfComputerPeripherals`	$3.41M	USD	3 Qtrs
Expensed computer peripherals	`CostOfComputerPeripherals`	$3.33M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$61.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.22M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-13.15M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.13M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$6.42M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$7.52M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.96M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.78M	USD	3 Qtrs
Deposits and other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-9.81M	USD	3 Qtrs
Deposits and other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$25.89M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.81M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.21M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-9.18M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.61M	USD	3 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.92M	USD	3 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$111.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$24.83M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$23.85M	USD	3 Qtrs
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLongTermLiabilities`	$-1.14M	USD	3 Qtrs
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLongTermLiabilities`	$-2.71M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$37.38M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$53.41M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.39M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.58M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$18.85M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$19.34M	USD	3 Qtrs
Capitalized curriculum development costs	`PaymentsToCapitalizedCurriculumDevelopmentCosts`	$12.43M	USD	3 Qtrs
Capitalized curriculum development costs	`PaymentsToCapitalizedCurriculumDevelopmentCosts`	$7.77M	USD	3 Qtrs
Acquisition of Big Universe, Inc., net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.77M	USD	3 Qtrs
Purchase of noncontrolling interest	`PaymentsToMinorityShareholders`	$9.13M	USD	3 Qtrs
Purchase of noncontrolling interest	`PaymentsToMinorityShareholders`	$500.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.48M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.30M	USD	3 Qtrs
Repayments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$11.88M	USD	3 Qtrs
Repayments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$10.31M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$184.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.52M	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$250.00K	USD	3 Qtrs
Repurchase of restricted stock for income tax withholding	`RepurchaseOfRestrictedStockForIncomeTaxWithholding`	$9.76M	USD	3 Qtrs
Repurchase of restricted stock for income tax withholding	`RepurchaseOfRestrictedStockForIncomeTaxWithholding`	$4.24M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.35M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.89M	USD	3 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-12.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.96M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.28M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$230.86M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$227.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$213.99M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$194.71M	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`	$227.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$213.99M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$194.71M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Redeemable noncontrolling interest related to LearnBop	`NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable`	$200.00K	USD	3 Qtrs
Balance	`StockholdersEquity`	$599.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$574.35M	USD	Point-in-time
Adjustment related to new stock-based compensation guidance	`AdjustmentsToAdditionalPaidInCapitalNewStockBasedCompensationGuidance`	$43.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.27M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.93M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.07M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-392.00K	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.74M	USD	3 Qtrs
Exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$184.00K	USD	3 Qtrs
Repurchase of restricted stock for tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.76M	USD	3 Qtrs
Balance	`StockholdersEquity`	$599.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$574.35M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$18.07M	USD	3 Qtrs
Net income	`ProfitLoss`	$13.04M	USD	1 Quarter
Net income	`ProfitLoss`	$8.88M	USD	1 Quarter
Net income	`ProfitLoss`	$6.14M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-198.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-392.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-61.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$329.00K	USD	3 Qtrs
Total other comprehensive income, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$6.47M	USD	3 Qtrs
Total other comprehensive income, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.85M	USD	1 Quarter
Total other comprehensive income, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$17.68M	USD	3 Qtrs
Total other comprehensive income, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$8.82M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-233.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-790.00K	USD	3 Qtrs
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-27.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-200.00K	USD	3 Qtrs
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$12.87M	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$7.26M	USD	3 Qtrs
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$9.05M	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$17.88M	USD	3 Qtrs

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