10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001558370-24-007046`
Period End Date	20240331
Filing Date	20240507
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	lope-20240331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 164 Income Statement 68 Cash Flow Statement 122 Stockholders Equity 36 Comprehensive Income 16

Balance Sheet 164 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.47M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.21M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$98.03M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$98.03M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$94.48M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$94.48M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$78.81M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$78.81M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$111.71M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$111.71M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	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
Insurance receivable	`InsuranceSettlementsReceivableCurrent`	$25.50M	USD	Point-in-time
Insurance receivable	`InsuranceSettlementsReceivableCurrent`	$25.50M	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
Common stock, shares issued	`CommonStockSharesIssued`	53.97M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.97M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.09M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	54.09M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.32M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.32M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$38.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$38.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.89M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.89M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.51M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.51M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.95M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.95M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$337.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$337.52M	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	24.25M	shares	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	24.25M	shares	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	24.02M	shares	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	24.02M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$444.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$444.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$172.19M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$172.19M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$169.70M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$169.70M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$92.45M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$92.45M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$90.14M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$90.14M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$166.28M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$166.28M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$168.38M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$168.38M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.75M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.75M	USD	Point-in-time
Total assets	`Assets`	$930.46M	USD	Point-in-time
Total assets	`Assets`	$930.46M	USD	Point-in-time
Total assets	`Assets`	$1.04B	USD	Point-in-time
Total assets	`Assets`	$1.04B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.68M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.36M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.36M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$24.79M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$24.79M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$57.61M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$57.61M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.73M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.73M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.25M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.25M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$26.30M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$26.30M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$10.27M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$10.27M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$11.34M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$11.34M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$11.02M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$11.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$160.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$160.13M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$28.45M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$28.45M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$26.75M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$26.75M	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$1.58M	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$1.58M	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$410.00K	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$410.00K	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$88.26M	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$88.26M	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$85.96M	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$85.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$212.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$212.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$276.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$276.12M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 54,087 and 53,970 shares issued and 29,839 and 29,953 shares outstanding at March 31, 2024 and December 31, 2023, respectively	`CommonStockValue`	$540.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 54,087 and 53,970 shares issued and 29,839 and 29,953 shares outstanding at March 31, 2024 and December 31, 2023, respectively	`CommonStockValue`	$540.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 54,087 and 53,970 shares issued and 29,839 and 29,953 shares outstanding at March 31, 2024 and December 31, 2023, respectively	`CommonStockValue`	$541.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 54,087 and 53,970 shares issued and 29,839 and 29,953 shares outstanding at March 31, 2024 and December 31, 2023, respectively	`CommonStockValue`	$541.00K	USD	Point-in-time
Treasury stock, at cost, 24,248 and 24,017 shares of common stock at March 31, 2024 and December 31, 2023, respectively	`TreasuryStockCommonValue`	$1.88B	USD	Point-in-time
Treasury stock, at cost, 24,248 and 24,017 shares of common stock at March 31, 2024 and December 31, 2023, respectively	`TreasuryStockCommonValue`	$1.88B	USD	Point-in-time
Treasury stock, at cost, 24,248 and 24,017 shares of common stock at March 31, 2024 and December 31, 2023, respectively	`TreasuryStockCommonValue`	$1.85B	USD	Point-in-time
Treasury stock, at cost, 24,248 and 24,017 shares of common stock at March 31, 2024 and December 31, 2023, respectively	`TreasuryStockCommonValue`	$1.85B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$325.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$325.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$322.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$322.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-113.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-113.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-57.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-57.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.24B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.24B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.31B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.31B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$759.45M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$759.45M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$637.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$637.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$718.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$718.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$659.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$659.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$930.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$930.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.04B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.04B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$250.12M	USD	1 Quarter
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$250.12M	USD	1 Quarter
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$274.68M	USD	1 Quarter
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$274.68M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$37.51M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$37.51M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$39.12M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$39.12M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$73.35M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$73.35M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$82.88M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$82.88M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$55.35M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$55.35M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$52.89M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$52.89M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.73M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.73M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.79M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.79M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$175.65M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$175.65M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$190.20M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$190.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$74.48M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$74.48M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$84.48M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$84.48M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$19.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$19.00K	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$3.73M	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$3.73M	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$2.15M	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$2.15M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$76.61M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$76.61M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$88.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$88.20M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$20.20M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$20.20M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.05M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$68.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$68.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.56M	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.96	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.96	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$2.31	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$2.31	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$2.29	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$2.29	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.94	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.94	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	29.46M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	29.46M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	30.46M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	30.46M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.64M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.64M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.64M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.64M	shares	1 Quarter

Cash Flow Statement 122 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$68.01M	USD	1 Quarter
Net income	`ProfitLoss`	$68.01M	USD	1 Quarter
Net income	`ProfitLoss`	$59.56M	USD	1 Quarter
Net income	`ProfitLoss`	$59.56M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$3.37M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$3.37M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$3.48M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$3.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$5.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$5.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$6.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$6.65M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.72M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.72M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.82M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.82M	USD	1 Quarter
Other, including fixed asset disposals	`OtherNoncashIncomeExpense`	$208.00K	USD	1 Quarter
Other, including fixed asset disposals	`OtherNoncashIncomeExpense`	$208.00K	USD	1 Quarter
Other, including fixed asset disposals	`OtherNoncashIncomeExpense`	$-410.00K	USD	1 Quarter
Other, including fixed asset disposals	`OtherNoncashIncomeExpense`	$-410.00K	USD	1 Quarter
Accounts receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$25.16M	USD	1 Quarter
Accounts receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$25.16M	USD	1 Quarter
Accounts receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$32.90M	USD	1 Quarter
Accounts receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$32.90M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.76M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.76M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.62M	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.62M	USD	1 Quarter
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$335.00K	USD	1 Quarter
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$335.00K	USD	1 Quarter
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$419.00K	USD	1 Quarter
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$419.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$11.97M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$11.97M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.95M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.95M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-6.29M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-6.29M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-51.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-51.00K	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$14.22M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$14.22M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$17.33M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$17.33M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$10.27M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$10.27M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$9.68M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$9.68M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$84.96M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$84.96M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$63.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$63.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.59M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.59M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.98M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.98M	USD	1 Quarter
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$244.00K	USD	1 Quarter
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$244.00K	USD	1 Quarter
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$72.00K	USD	1 Quarter
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$72.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$52.56M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$52.56M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$19.38M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$19.38M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$23.17M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$23.17M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$24.25M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$24.25M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.13M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.13M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.26M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.26M	USD	1 Quarter
Repurchase of common shares and shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$41.23M	USD	1 Quarter
Repurchase of common shares and shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$41.23M	USD	1 Quarter
Repurchase of common shares and shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$29.97M	USD	1 Quarter
Repurchase of common shares and shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$29.97M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.97M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.97M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-41.23M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-41.23M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$49.73M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$49.73M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-15.37M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-15.37M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.47M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.47M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.04M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.04M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.41M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.41M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$196.21M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$196.21M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.47M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.47M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.04M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.04M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.41M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.41M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$196.21M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$196.21M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$19.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$19.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$295.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$295.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$230.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$230.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$973.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$973.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$2.09M	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$2.09M	USD	1 Quarter
Insurance receivable for litigation settlement to be paid by insurance	`IncreaseDecreaseInInsuranceSettlementsReceivable`	$25.50M	USD	1 Quarter
Insurance receivable for litigation settlement to be paid by insurance	`IncreaseDecreaseInInsuranceSettlementsReceivable`	$25.50M	USD	1 Quarter
Excise tax on treasury stock repurchases	`ExciseTaxTreasuryStockRepurchases`	$34.00K	USD	1 Quarter
Excise tax on treasury stock repurchases	`ExciseTaxTreasuryStockRepurchases`	$34.00K	USD	1 Quarter
Excise tax on treasury stock repurchases	`ExciseTaxTreasuryStockRepurchases`	$187.00K	USD	1 Quarter
Excise tax on treasury stock repurchases	`ExciseTaxTreasuryStockRepurchases`	$187.00K	USD	1 Quarter

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$759.45M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$759.45M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$637.62M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$637.62M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$718.01M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$718.01M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$659.25M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$659.25M	USD	Point-in-time
Beginning Balance, treasury shares	`TreasuryStockCommonShares`	24.25M	shares	Point-in-time
Beginning Balance, treasury shares	`TreasuryStockCommonShares`	24.25M	shares	Point-in-time
Beginning Balance, treasury shares	`TreasuryStockCommonShares`	24.02M	shares	Point-in-time
Beginning Balance, treasury shares	`TreasuryStockCommonShares`	24.02M	shares	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$67.95M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$67.95M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$59.68M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$59.68M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$35.09M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$35.09M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$22.56M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$22.56M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-3.96M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-3.96M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-2.96M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-2.96M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$759.45M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$759.45M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$637.62M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$637.62M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$718.01M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$718.01M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$659.25M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$659.25M	USD	Point-in-time
Ending Balance, treasury shares	`TreasuryStockCommonShares`	24.25M	shares	Point-in-time
Ending Balance, treasury shares	`TreasuryStockCommonShares`	24.25M	shares	Point-in-time
Ending Balance, treasury shares	`TreasuryStockCommonShares`	24.02M	shares	Point-in-time
Ending Balance, treasury shares	`TreasuryStockCommonShares`	24.02M	shares	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$37.00K	USD	1 Quarter
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$37.00K	USD	1 Quarter
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$18.00K	USD	1 Quarter
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$18.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$68.01M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$68.01M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$59.56M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$59.56M	USD	1 Quarter
Unrealized (losses) gains on available-for-sale securities, net of taxes of $18 and $37 for the three months ended March 31, 2024 and 2023, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$119.00K	USD	1 Quarter
Unrealized (losses) gains on available-for-sale securities, net of taxes of $18 and $37 for the three months ended March 31, 2024 and 2023, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$119.00K	USD	1 Quarter
Unrealized (losses) gains on available-for-sale securities, net of taxes of $18 and $37 for the three months ended March 31, 2024 and 2023, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-56.00K	USD	1 Quarter
Unrealized (losses) gains on available-for-sale securities, net of taxes of $18 and $37 for the three months ended March 31, 2024 and 2023, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-56.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$67.95M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$67.95M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$59.68M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$59.68M	USD	1 Quarter

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