10-Q Filing

Stride, Inc. CIK: 1157408 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-005597`
Period End Date	20220331
Filing Date	20220420
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	lrn-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 99 Income Statement 64 Cash Flow Statement 80 Stockholders Equity 52 Comprehensive Income 12

Balance Sheet 99 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$20.64M	USD	Point-in-time
Accounts receivable, allowance (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$21.38M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$329.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$386.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$308.56M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net of allowance of $20,641 and $21,384	`AccountsReceivableNetCurrent`	$422.62M	USD	Point-in-time
Accounts receivable, net of allowance of $20,641 and $21,384	`AccountsReceivableNetCurrent`	$369.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$39.69M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$23.99M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$19.45M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$35.86M	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
Other current assets	`OtherAssetsCurrent`	$80.55M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$43.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.91M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$857.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$871.58M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$94.67M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	41.58M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.77M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$87.52M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentExcludingSoftwareDevelopmentCostsNet`	$72.07M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentExcludingSoftwareDevelopmentCostsNet`	$67.56M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.33M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.33M	shares	Point-in-time
Capitalized software, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationsUsedInternallyNet`	$57.31M	USD	Point-in-time
Capitalized software, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationsUsedInternallyNet`	$64.92M	USD	Point-in-time
Capitalized curriculum development costs, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationUsedInternallyCurriculumContentNet`	$50.48M	USD	Point-in-time
Capitalized curriculum development costs, net	`CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationUsedInternallyCurriculumContentNet`	$50.38M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$91.94M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$99.48M	USD	Point-in-time
Goodwill	`Goodwill`	$240.95M	USD	Point-in-time
Goodwill	`Goodwill`	$240.35M	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$99.58M	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$105.51M	USD	Point-in-time
Total assets	`Assets`	$1.57B	USD	Point-in-time
Total assets	`Assets`	$1.58B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.85M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$77.64M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$55.15M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$80.36M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$59.84M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$51.53M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$38.11M	USD	Point-in-time
Current portion of finance lease liability	`FinanceLeaseLiabilityCurrent`	$27.34M	USD	Point-in-time
Current portion of finance lease liability	`FinanceLeaseLiabilityCurrent`	$37.02M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$13.79M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$20.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$250.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$306.24M	USD	Point-in-time
Long-term finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$41.57M	USD	Point-in-time
Long-term finance lease liability	`FinanceLeaseLiabilityNoncurrent`	$37.57M	USD	Point-in-time
Long-term operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$77.46M	USD	Point-in-time
Long-term operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$76.34M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$411.05M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$299.27M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$9.03M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$31.85M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.79M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$793.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$772.65M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.0001; 10,000,000 shares authorized; zero shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.0001; 10,000,000 shares authorized; zero shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.0001; 100,000,000 shares authorized; 48,102,945 and 46,911,527 shares issued; and 42,768,202 and 41,576,784 shares outstanding, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, par value $0.0001; 100,000,000 shares authorized; 48,102,945 and 46,911,527 shares issued; and 42,768,202 and 41,576,784 shares outstanding, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$795.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$683.89M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-216.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-474.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$112.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$199.37M	USD	Point-in-time
Treasury stock of 5,334,743 shares at cost	`TreasuryStockValue`	$102.48M	USD	Point-in-time
Treasury stock of 5,334,743 shares at cost	`TreasuryStockValue`	$102.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$675.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$804.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$780.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$786.78M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$752.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$734.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$719.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$719.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.57B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.58B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$392.14M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.23B	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$421.72M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.14B	USD	3 Qtrs
Instructional costs and services	`CostOfGoodsAndServicesSold`	$266.88M	USD	1 Quarter
Instructional costs and services	`CostOfGoodsAndServicesSold`	$740.95M	USD	3 Qtrs
Instructional costs and services	`CostOfGoodsAndServicesSold`	$253.13M	USD	1 Quarter
Instructional costs and services	`CostOfGoodsAndServicesSold`	$802.66M	USD	3 Qtrs
Gross margin	`GrossProfit`	$139.02M	USD	1 Quarter
Gross margin	`GrossProfit`	$428.80M	USD	3 Qtrs
Gross margin	`GrossProfit`	$398.30M	USD	3 Qtrs
Gross margin	`GrossProfit`	$154.84M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$309.23M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$94.25M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$100.46M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$318.27M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$110.53M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$60.59M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$89.07M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$38.55M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.37M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-12.50M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-6.24M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-5.37M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.28M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$486.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$496.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$4.29M	USD	3 Qtrs
Income before income taxes and income from equity method investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$58.72M	USD	1 Quarter
Income before income taxes and income from equity method investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$78.84M	USD	3 Qtrs
Income before income taxes and income from equity method investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$33.67M	USD	1 Quarter
Income before income taxes and income from equity method investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$108.58M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$18.54M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$16.72M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$29.75M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$10.28M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$209.00K	USD	3 Qtrs
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$918.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$654.00K	USD	3 Qtrs
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$396.00K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$60.96M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLoss`	$42.92M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$42.00M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$-5.88M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$12.67M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$24.50M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLoss`	$79.04M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLoss`	$23.79M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.91	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.52	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.03	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.02	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.87	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.46	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.29M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.30M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.82M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.14M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.70M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.35M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.69M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.14M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$23.79M	USD	1 Quarter
Net income	`ProfitLoss`	$79.04M	USD	3 Qtrs
Net income	`ProfitLoss`	$60.96M	USD	3 Qtrs
Net income	`ProfitLoss`	$42.92M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$73.46M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$65.04M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$14.46M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$30.82M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.26M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.57M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$7.05M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$7.63M	USD	3 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$329.03M	USD	Point-in-time
Amortization of discount and fees on debt	`AmortizationOfFinancingCostsAndDiscounts`	$8.74M	USD	3 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$386.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$308.56M	USD	Point-in-time
Amortization of discount and fees on debt	`AmortizationOfFinancingCostsAndDiscounts`	$1.18M	USD	3 Qtrs
Noncash operating lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$14.57M	USD	3 Qtrs
Noncash operating lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$15.08M	USD	3 Qtrs
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$330.03M	USD	Point-in-time
Other	`OtherOperatingActivitiesCashFlowStatement`	$7.88M	USD	3 Qtrs
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$386.58M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$308.56M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$213.30M	USD	Point-in-time
Other	`OtherOperatingActivitiesCashFlowStatement`	$4.67M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$56.07M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$197.66M	USD	3 Qtrs
Inventories, prepaid expenses, deposits and other current and long-term assets	`IncreaseDecreaseInInventoriesPrepaidExpensesAndOtherAssets`	$-7.97M	USD	3 Qtrs
Inventories, prepaid expenses, deposits and other current and long-term assets	`IncreaseDecreaseInInventoriesPrepaidExpensesAndOtherAssets`	$27.80M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-913.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-26.76M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-14.63M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$8.85M	USD	3 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$14.91M	USD	3 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-20.65M	USD	3 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-15.90M	USD	3 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-15.65M	USD	3 Qtrs
Deferred revenue and other liabilities	`IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiabilities`	$5.92M	USD	3 Qtrs
Deferred revenue and other liabilities	`IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiabilities`	$31.48M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$81.40M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.12M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.97M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.73M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$20.19M	USD	3 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$30.84M	USD	3 Qtrs
Capitalized curriculum development costs	`PaymentsToCapitalizedCurriculumDevelopmentCosts`	$11.74M	USD	3 Qtrs
Capitalized curriculum development costs	`PaymentsToCapitalizedCurriculumDevelopmentCosts`	$12.36M	USD	3 Qtrs
Sale of long-lived assets	`ProceedsFromSaleOfProductiveAssets`	$223.00K	USD	3 Qtrs
Sale of other investments	`ProceedsFromSaleOfOtherInvestments`	$5.26M	USD	3 Qtrs
Acquisition of MedCerts, LLC, net of cash acquired	`PaymentsToAcquireBusinessTwoNetOfCashAcquired`	$54.80M	USD	3 Qtrs
Acquisition of Tech Elevator, Inc., net of cash acquired	`PaymentsToAcquireBusinessThreeNetOfCashAcquired`	$16.03M	USD	3 Qtrs
Other acquisitions, loans and investments, net of distributions	`PaymentsToAcquireOtherInvestments`	$1.01M	USD	3 Qtrs
Other acquisitions, loans and investments, net of distributions	`PaymentsToAcquireOtherInvestments`	$3.65M	USD	3 Qtrs
Proceeds from the maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$19.90M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$64.15M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.57M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-106.51M	USD	3 Qtrs
Repayments on finance lease obligations	`FinanceLeasePrincipalPayments`	$23.92M	USD	3 Qtrs
Repayments on finance lease obligations	`FinanceLeasePrincipalPayments`	$17.10M	USD	3 Qtrs
Repayments on credit facility	`RepaymentsOfLinesOfCredit`	$100.00M	USD	3 Qtrs
Issuance of convertible senior notes, net of issuance costs	`ProceedsFromConvertibleDebt`	$408.61M	USD	3 Qtrs
Purchases of capped calls in connection with convertible senior notes	`PurchasesOfCappedCallsInConnectionWithConvertibleSeniorNotes`	$60.35M	USD	3 Qtrs
Payments of deferred purchase consideration	`PaymentsOfDeferredPurchaseConsideration`	$7.86M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$391.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$724.00K	USD	3 Qtrs
Withholding of stock options for tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.88M	USD	3 Qtrs
Repurchase of restricted stock for income tax withholding	`PaymentForRepurchaseOfRestrictedStockForIncomeTaxWithholdingFinancingActivities`	$8.87M	USD	3 Qtrs
Repurchase of restricted stock for income tax withholding	`PaymentForRepurchaseOfRestrictedStockForIncomeTaxWithholdingFinancingActivities`	$37.46M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-68.85M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$212.12M	USD	3 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$116.73M	USD	3 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-78.02M	USD	3 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$330.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$386.58M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$308.56M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$213.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$330.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$386.58M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$308.56M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$213.30M	USD	Point-in-time

Stockholders Equity 52 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$675.33M	USD	Point-in-time
Balance	`StockholdersEquity`	$804.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$780.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$786.78M	USD	Point-in-time
Balance	`StockholdersEquity`	$752.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$734.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$719.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$719.02M	USD	Point-in-time
Net income	`NetIncomeLoss`	$60.96M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$42.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$42.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-5.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$79.04M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$23.79M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-192.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-270.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-58.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$144.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$127.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.18M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.70M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.96M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.01M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.05M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.35M	USD	1 Quarter
Exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$145.00K	USD	1 Quarter
Exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$32.00K	USD	1 Quarter
Exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$421.00K	USD	1 Quarter
Exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$271.00K	USD	1 Quarter
Exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$246.00K	USD	1 Quarter
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	25,100.00	shares	3 Qtrs
Withholding of stock options for tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.88M	USD	1 Quarter
Equity component of convertible senior notes, net of issuance costs and taxes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$105.48M	USD	1 Quarter
Equity component of convertible senior notes, net of issuance costs and taxes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$25.00K	USD	1 Quarter
Purchases of capped calls in connection with convertible senior notes	`AdjustmentsToAdditionalPaidInCapitalPurchasesOfCappedCallsInConnectionWithConvertibleSeniorNotes`	$60.35M	USD	1 Quarter
Repurchase of restricted stock for tax withholding	`RepurchaseOfRestrictedStockForIncomeTaxWithholding`	$2.76M	USD	1 Quarter
Repurchase of restricted stock for tax withholding	`RepurchaseOfRestrictedStockForIncomeTaxWithholding`	$29.36M	USD	1 Quarter
Repurchase of restricted stock for tax withholding	`RepurchaseOfRestrictedStockForIncomeTaxWithholding`	$6.02M	USD	1 Quarter
Repurchase of restricted stock for tax withholding	`RepurchaseOfRestrictedStockForIncomeTaxWithholding`	$5.81M	USD	1 Quarter
Repurchase of restricted stock for tax withholding	`RepurchaseOfRestrictedStockForIncomeTaxWithholding`	$300.00K	USD	1 Quarter
Repurchase of restricted stock for tax withholding	`RepurchaseOfRestrictedStockForIncomeTaxWithholding`	$2.20M	USD	1 Quarter
Balance	`StockholdersEquity`	$675.33M	USD	Point-in-time
Balance	`StockholdersEquity`	$804.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$780.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$786.78M	USD	Point-in-time
Balance	`StockholdersEquity`	$752.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$734.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$719.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$719.02M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$23.79M	USD	1 Quarter
Net income	`ProfitLoss`	$79.04M	USD	3 Qtrs
Net income	`ProfitLoss`	$60.96M	USD	3 Qtrs
Net income	`ProfitLoss`	$42.92M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$258.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-520.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$127.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-58.00K	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$60.44M	USD	3 Qtrs
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$43.05M	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$23.73M	USD	1 Quarter
Comprehensive income attributable to common stockholders	`ComprehensiveIncomeNetOfTax`	$79.30M	USD	3 Qtrs

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