$LINC
LINCOLN EDUCATIONAL SERVICES CORP

2024 Q1 Form 10-K Financial Statement

#000114036124011175 Filed on March 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $103.4M $102.5M $378.1M
YoY Change 18.42% 11.71% 8.55%
Cost Of Revenue $43.02M $41.02M $162.3M
YoY Change 12.94% 12.36% 9.1%
Gross Profit $60.34M $61.50M $215.8M
YoY Change 22.67% 11.28% 8.15%
Gross Profit Margin 58.38% 59.99% 57.08%
Selling, General & Admin $60.49M $52.53M $209.1M
YoY Change 20.25% 22.49% 14.66%
% of Gross Profit 100.25% 85.42% 96.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.599M $1.896M $6.596M
YoY Change 107.09% 8.72% 3.68%
% of Gross Profit 4.31% 3.08% 3.06%
Operating Expenses $60.49M $52.53M $209.1M
YoY Change 20.25% 22.49% 14.66%
Operating Profit -$458.0K $8.966M $33.36M
YoY Change -58.96% -27.56% 104.93%
Interest Expense $567.0K $464.0K $347.0K
YoY Change 2168.0% 70.59% 116.88%
% of Operating Profit 5.18% 1.04%
Other Income/Expense, Net
YoY Change
Pretax Income -$327.0K $9.425M $35.64M
YoY Change -51.48% -18.74% 116.83%
Income Tax -$100.0K $2.633M $9.642M
% Of Pretax Income 27.94% 27.05%
Net Earnings -$214.0K $6.792M $26.00M
YoY Change 96.33% 1.04% 105.77%
Net Earnings / Revenue -0.21% 6.62% 6.88%
Basic Earnings Per Share -$0.01 $0.86
Diluted Earnings Per Share -$0.01 $0.22 $0.85
COMMON SHARES
Basic Shares Outstanding 31.76M 31.36M 30.11M
Diluted Shares Outstanding 30.30M 30.54M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.55M $75.99M $75.99M
YoY Change 24.56% 24.92% 24.92%
Cash & Equivalents $68.55M $75.99M $75.99M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $7.292M $20.03M $20.03M
YoY Change -51.57% 48.27% 48.27%
Inventory $2.419M $2.948M $2.948M
Prepaid Expenses
Receivables $40.48M $35.69M $35.69M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $118.7M $134.7M $134.7M
YoY Change 10.37% 17.99% 17.99%
LONG-TERM ASSETS
Property, Plant & Equipment $52.01M $50.86M $156.6M
YoY Change 98.89% 112.44% 33.78%
Goodwill $10.74M $10.74M
YoY Change -26.1% -26.1%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.443M $1.787M $25.76M
YoY Change 72.4% 120.07% 11.41%
Total Long-Term Assets $236.4M $210.6M $210.6M
YoY Change 36.26% 18.69% 18.69%
TOTAL ASSETS
Total Short-Term Assets $118.7M $134.7M $134.7M
Total Long-Term Assets $236.4M $210.6M $210.6M
Total Assets $355.2M $345.2M $345.2M
YoY Change 26.35% 18.41% 18.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.28M $18.15M $18.15M
YoY Change 10.34% 72.94% 72.94%
Accrued Expenses $9.206M $13.68M $25.42M
YoY Change 2.22% 58.1% 39.01%
Deferred Revenue $22.30M $26.90M
YoY Change 6.19% 11.16%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $70.00K $70.00K
YoY Change
Total Short-Term Liabilities $59.88M $73.41M $73.41M
YoY Change 9.73% 33.42% 33.42%
LONG-TERM LIABILITIES
Long-Term Debt $28.81M $16.13M $16.13M
YoY Change
Other Long-Term Liabilities $52.00K $56.00K $88.91M
YoY Change -99.94% -99.94% -3.01%
Total Long-Term Liabilities $52.00K $56.00K $105.0M
YoY Change -99.94% -99.94% 14.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.88M $73.41M $73.41M
Total Long-Term Liabilities $52.00K $56.00K $105.0M
Total Liabilities $190.7M $178.4M $178.4M
YoY Change 30.74% 21.65% 21.65%
SHAREHOLDERS EQUITY
Retained Earnings $69.07M $69.28M
YoY Change 59.97% 35.24%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $164.5M $166.8M $166.8M
YoY Change
Total Liabilities & Shareholders Equity $355.2M $345.2M $345.2M
YoY Change 26.35% 18.41% 18.41%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$214.0K $6.792M $26.00M
YoY Change 96.33% 1.04% 105.77%
Depreciation, Depletion And Amortization $2.599M $1.896M $6.596M
YoY Change 107.09% 8.72% 3.68%
Cash From Operating Activities -$14.93M $21.96M $25.56M
YoY Change 6878.5% 8032.59% 2797.73%
INVESTING ACTIVITIES
Capital Expenditures $1.684M $12.00M $40.70M
YoY Change -48.17% 520.74% 352.92%
Acquisitions
YoY Change
Other Investing Activities $9.718M $24.37M $48.07M
YoY Change -265.12% -488.65%
Cash From Investing Activities $8.034M $12.37M $7.369M
YoY Change -347.28% -174.11% -134.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $891.0K
YoY Change -90.57%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.594M -45.00K -2.945M
YoY Change 53.92% -98.45% -76.53%
NET CHANGE
Cash From Operating Activities -14.93M 21.96M 25.56M
Cash From Investing Activities 8.034M 12.37M 7.369M
Cash From Financing Activities -3.594M -45.00K -2.945M
Net Change In Cash -10.49M 34.28M 29.98M
YoY Change 80.99% -277.33% -190.8%
FREE CASH FLOW
Cash From Operating Activities -$14.93M $21.96M $25.56M
Capital Expenditures $1.684M $12.00M $40.70M
Free Cash Flow -$16.62M $9.959M -$15.14M
YoY Change 379.87% -698.86% 86.83%

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LINCOLN EDUCATIONAL SERVICES CORP
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WeightedAverageNumberOfDilutedSharesOutstanding
30541000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25879000
CY2022 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
100000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
129418000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
12634000
CY2022 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
1111000
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
11982000
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-280000
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
3111000
CY2022 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
9445000
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1992000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
144877000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
25997000
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-924000
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
5894000
CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
891000
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
2054000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
166804000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
25997000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
12634000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6596000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6362000
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
175000
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1632000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1294000
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
30918000
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
177000
CY2023 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
4220000
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
1049000
CY2023 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
-239000
CY2022 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
-408000
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
41637000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
34915000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
5894000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3111000
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
45757000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
48637000
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
330000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-103000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-900000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11000
CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1041000
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-450000
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5039000
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2033000
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5027000
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7016000
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2752000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1251000
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
777000
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1038000
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1115000
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-541000
CY2023 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-439000
CY2022 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-11752000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
25558000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
882000
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
40699000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8986000
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
33310000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2390000
CY2023 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
39102000
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0
CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
24344000
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
14758000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7369000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21354000
CY2023 linc Net Share Settlement For Equity Based Compensation
NetShareSettlementForEquityBasedCompensation
2054000
CY2022 linc Net Share Settlement For Equity Based Compensation
NetShareSettlementForEquityBasedCompensation
1992000
CY2023 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1111000
CY2023 linc Finance Lease Principal
FinanceLeasePrincipal
0
CY2022 linc Finance Lease Principal
FinanceLeasePrincipal
0
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
891000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9445000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2945000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12548000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
29982000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-33020000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50287000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83307000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80269000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50287000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
110000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
171000
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
7201000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
1471000
CY2023 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
3522000
CY2022 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
1300000
CY2023Q4 linc Number Of Campuses
NumberOfCampuses
21
CY2023Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
13
CY2023Q4 linc Number Of Additional Campuses
NumberOfAdditionalCampuses
2
CY2023 linc Number Of Campuses Treated As Destination Schools
NumberOfCampusesTreatedAsDestinationSchools
5
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80300000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50300000
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
14800000
CY2023 linc Maximum Maturity Period For Classification Of Cash Equivalents
MaximumMaturityPeriodForClassificationOfCashEquivalents
P3M
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
34300000
CY2023 us-gaap Advertising Expense
AdvertisingExpense
38200000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
35000000
CY2023Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
400000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1000000
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-weight: bold; font-style: italic; font-family: 'Times New Roman'; font-size: 10pt;">Concentration of Credit Risk</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">—Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of temporary cash investments.  The Company places its cash and cash equivalents with high credit quality financial institutions. The Company’s cash balances with financial institutions typically exceed the Federal Deposit Insurance Corporation (“FDIC”) limit of $0.25 million. The Company’s cash balances on deposit as of December 31, 2023, exceeded the balance insured by the FDIC by approximately $34.3 million. The Company has not experienced any losses to date on its invested cash.</span></div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </span> </div> <div style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;">The Company extends credit for tuition and fees to many of its students. The credit risk with respect to these accounts receivable is mitigated by the students’ participation in federally funded financial aid programs unless students withdraw prior to the receipt of federal funds for those students. In addition, the remaining tuition receivables are primarily comprised of smaller individual amounts due from students. With respect to student receivables, the Company had no significant concentrations of credit risk as of each of December 31, 2023 and 2022, respectively.</div>
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-weight: bold; font-style: italic; font-family: 'Times New Roman'; font-size: 10pt;">Use of Estimates in the Preparation of Financial Statements</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">—The preparation of financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the period. On an ongoing basis, the Company evaluates the estimates and assumptions, including those used to determine the incremental borrowing rate to calculate lease liabilities and ROU assets, lease term to calculate lease cost, revenue recognition, bad debts, impairments, fixed assets, income taxes, benefit plans and certain accruals.  Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023 linc Percentage Of Net Revenues On Cash Basis Indirectly Derived From Funds
PercentageOfNetRevenuesOnCashBasisIndirectlyDerivedFromFunds
0.81
CY2022 linc Percentage Of Net Revenues On Cash Basis Indirectly Derived From Funds
PercentageOfNetRevenuesOnCashBasisIndirectlyDerivedFromFunds
0.74
CY2023 linc Maximum Specified Percentage Of Net Revenues On Cash Basis Indirectly Derived From Funds
MaximumSpecifiedPercentageOfNetRevenuesOnCashBasisIndirectlyDerivedFromFunds
0.90
CY2022 linc Maximum Specified Percentage Of Net Revenues On Cash Basis Indirectly Derived From Funds
MaximumSpecifiedPercentageOfNetRevenuesOnCashBasisIndirectlyDerivedFromFunds
0.90
CY2023 linc Minimum Composite Required For Financial Responsibility
MinimumCompositeRequiredForFinancialResponsibility
1.5
CY2023 linc Composite Score For Financial Responsibility
CompositeScoreForFinancialResponsibility
3
CY2022 linc Composite Score For Financial Responsibility
CompositeScoreForFinancialResponsibility
2.9
CY2023 us-gaap Net Income Loss
NetIncomeLoss
25997000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
12634000
CY2023 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0
CY2022 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1111000
CY2023 linc Allocation To Preferred Stockholders
AllocationToPreferredStockholders
0
CY2022 linc Allocation To Preferred Stockholders
AllocationToPreferredStockholders
1753000
CY2023 linc Allocation To Restricted Stockholders
AllocationToRestrictedStockholders
0
CY2022 linc Allocation To Restricted Stockholders
AllocationToRestrictedStockholders
559000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25997000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9211000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30105194
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25879483
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30540628
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25879483
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30540628
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25879483
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
516233
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
26900000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
24200000
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
23300000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
378070000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
348287000
CY2023 linc Write Off Period For Student Receivable Balance
WriteOffPeriodForStudentReceivableBalance
P150D
CY2023 linc Write Off Period For Student Receivable Balance
WriteOffPeriodForStudentReceivableBalance
P150D
CY2023 linc Write Off Period For Student Receivable Balance
WriteOffPeriodForStudentReceivableBalance
P150D
CY2023Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
17500000
CY2022Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
22700000
CY2023Q4 us-gaap Accounts Receivable Noncurrent Originated In Current Fiscal Year
AccountsReceivableNoncurrentOriginatedInCurrentFiscalYear
77113000
CY2023 linc Accounts Receivable Year One Originated Current Fiscal Year Write Offs
AccountsReceivableYearOneOriginatedCurrentFiscalYearWriteOffs
9540000
CY2023Q4 us-gaap Accounts Receivable Noncurrent Originated In Fiscal Year Before Latest Fiscal Year
AccountsReceivableNoncurrentOriginatedInFiscalYearBeforeLatestFiscalYear
12548000
CY2023 linc Accounts Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Write Offs
AccountsReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteOffs
19731000
CY2023Q4 us-gaap Accounts Receivable Noncurrent Originated Two Years Before Latest Fiscal Year
AccountsReceivableNoncurrentOriginatedTwoYearsBeforeLatestFiscalYear
6799000
CY2023 linc Accounts Receivable Year Three Originated Two Years Before Current Fiscal Year Write Offs
AccountsReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteOffs
3194000
CY2023Q4 us-gaap Accounts Receivable Noncurrent Originated Three Years Before Latest Fiscal Year
AccountsReceivableNoncurrentOriginatedThreeYearsBeforeLatestFiscalYear
3036000
CY2023 linc Accounts Receivable Year Four Originated Three Years Before Current Fiscal Year Write Offs
AccountsReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteOffs
727000
CY2023Q4 us-gaap Accounts Receivable Noncurrent Originated Four Years Before Latest Fiscal Year
AccountsReceivableNoncurrentOriginatedFourYearsBeforeLatestFiscalYear
2019000
CY2023 linc Accounts Receivable Year Five Originated Four Years Before Current Fiscal Year Write Offs
AccountsReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteOffs
535000
CY2023Q4 us-gaap Accounts Receivable Noncurrent Originated Five Or More Years Before Latest Fiscal Year
AccountsReceivableNoncurrentOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
1031000
CY2023 linc Accounts Receivable Originated More Than Five Years Before Current Fiscal Year Write Offs
AccountsReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteOffs
310000
CY2023Q4 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
102546000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
34037000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
35370000
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
41637000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
34037000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
53811000
CY2023Q4 linc Approximate Area Of Leased School Space
ApproximateAreaOfLeasedSchoolSpace
100000
CY2023Q4 linc Number Of Renewal Options
NumberOfRenewalOptions
3
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2023Q4 linc Approximate Area Of Leased School Space
ApproximateAreaOfLeasedSchoolSpace
120000
CY2023Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P15Y
CY2023Q4 linc Number Of Renewal Options
NumberOfRenewalOptions
2
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2022Q2 linc Approximate Area Of Leased School Space
ApproximateAreaOfLeasedSchoolSpace
55000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12200000
CY2023Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P12Y
CY2023 linc Number Of Renewal Options
NumberOfRenewalOptions
2
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2023 us-gaap Payments For Rent
PaymentsForRent
800000
CY2023 us-gaap Lease Cost
LeaseCost
20109000
CY2022 us-gaap Lease Cost
LeaseCost
18998000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
16103000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
18443000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10477000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13820000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
15971000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0
CY2023 linc Number Of New Leases
NumberOfNewLeases
3
CY2023 linc Number Of Lease Modifications
NumberOfLeaseModifications
5
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10500000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
16000000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y1M28D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y2M23D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P15Y1M2D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0689
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0712
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0839
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
18053000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1421000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16668000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1173000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14385000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1671000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11499000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1738000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
11331000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1808000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
67311000
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
22796000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
139247000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
30607000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
38657000
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
14411000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
100590000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
16196000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
117176000
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
102640000
CY2021Q4 us-gaap Goodwill
Goodwill
14536000
CY2022 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
0
CY2022 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
0
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
117176000
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
102640000
CY2022Q4 us-gaap Goodwill
Goodwill
14536000
CY2023 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
3794000
CY2023 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
3794000
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
117176000
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
106434000
CY2023Q4 us-gaap Goodwill
Goodwill
10742000
CY2023Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
3800000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
191018000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
170307000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
140161000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
146367000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
50857000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23940000
CY2022 linc Impairment Of Property Amount
ImpairmentOfPropertyAmount
400000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1000000
CY2022 linc Impairment Of Property Amount
ImpairmentOfPropertyAmount
400000
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
600000
CY2023 us-gaap Depreciation
Depreciation
6800000
CY2022 us-gaap Depreciation
Depreciation
6400000
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
9845000
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
5451000
CY2023Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
1733000
CY2022Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
1812000
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
2102000
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
1390000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
13680000
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
8653000
CY2023 linc Number Of Stock Incentive Plans
NumberOfStockIncentivePlans
2
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000
CY2023 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P12M
CY2023Q1 linc Additional Stock Repurchase Program Period In Force
AdditionalStockRepurchaseProgramPeriodInForce
P12M
CY2023Q1 linc Additional Stock Repurchase Program Authorized Amount
AdditionalStockRepurchaseProgramAuthorizedAmount
10000000
CY2023Q1 linc Additional Stock Repurchased During Period Value
AdditionalStockRepurchasedDuringPeriodValue
30600000
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
165064
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1572414
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
891000
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9445000
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
17113000
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
22557000
CY2023 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
0
CY2022 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
37000
CY2023 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
792000
CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
542000
CY2023 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-4000
CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
4661000
CY2023 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1288000
CY2022 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1362000
CY2023Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
16621000
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
17113000
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
16445000
CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
20950000
CY2023 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
2223000
CY2022 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-3143000
CY2023 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
1288000
CY2022 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
1362000
CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
17380000
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
16445000
CY2023Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-759000
CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
668000
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.049
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0471
CY2023Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
759000
CY2022Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
0
CY2023Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
0
CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
668000
CY2023 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
1219000
CY2022 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
2480000
CY2023 linc Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Deferred Income Taxes
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossDeferredIncomeTaxes
1183000
CY2022 linc Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Deferred Income Taxes
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossDeferredIncomeTaxes
1520000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
36000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
960000
CY2023Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
16600000
CY2022Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
17100000
CY2023 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
0
CY2022 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
37000
CY2023 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
792000
CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
542000
CY2023 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1065000
CY2022 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1217000
CY2023 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-106000
CY2022 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-81000
CY2023 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-167000
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-557000
CY2023Q4 us-gaap Defined Benefit Plan Expected Amortization Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationNextFiscalYear
0
CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
17380000
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
16445000
CY2023Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2022Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0471
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.049
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.025
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.025
CY2023 us-gaap Pension Contributions
PensionContributions
0
CY2022 us-gaap Pension Contributions
PensionContributions
0
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.75
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.15
CY2023 linc Defined Contribution Plan Maximum Percentage Of Participant Contribution Eligible For Employer Contribution Match
DefinedContributionPlanMaximumPercentageOfParticipantContributionEligibleForEmployerContributionMatch
0.06
CY2023 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
800000
CY2022 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
700000
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5825000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1864000
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2185000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
644000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8010000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2508000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
989000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
767000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
643000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
527000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1632000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1294000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9642000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3802000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
35639000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16436000
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7484000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3452000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2234000
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.063
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
925000
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.056
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-76000
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.002
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-575000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.035
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9642000
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.271
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3802000
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.231
CY2023Q4 linc Deferred Tax Liabilities Operating Lease Liability
DeferredTaxLiabilitiesOperatingLeaseLiability
26835000
CY2022Q4 linc Deferred Tax Liabilities Operating Lease Liability
DeferredTaxLiabilitiesOperatingLeaseLiability
26897000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
14388000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
9454000
CY2023Q4 linc Deferred Tax Liabilities Finance Obligation Liability
DeferredTaxLiabilitiesFinanceObligationLiability
-4390000
CY2022Q4 linc Deferred Tax Liabilities Finance Obligation Liability
DeferredTaxLiabilitiesFinanceObligationLiability
0
CY2023Q4 linc Deferred Tax Assets Non Current Depreciation
DeferredTaxAssetsNonCurrentDepreciation
4180000
CY2022Q4 linc Deferred Tax Assets Non Current Depreciation
DeferredTaxAssetsNonCurrentDepreciation
9531000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1223000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
541000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1040000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1957000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
225000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
67000
CY2023Q4 linc Deferred Tax Assets Non Current Other Intangibles
DeferredTaxAssetsNonCurrentOtherIntangibles
24000
CY2022Q4 linc Deferred Tax Assets Non Current Other Intangibles
DeferredTaxAssetsNonCurrentOtherIntangibles
39000
CY2023Q4 linc Deferred Tax Assets Liabilities Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsLiabilitiesTaxDeferredExpenseCompensationAndBenefitsPensions
-202000
CY2022Q4 linc Deferred Tax Assets Liabilities Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsLiabilitiesTaxDeferredExpenseCompensationAndBenefitsPensions
179000
CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
-618000
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
-1469000
CY2023Q4 linc Deferred Tax Assets Finance Lease Right Of Use Assets
DeferredTaxAssetsFinanceLeaseRightOfUseAssets
-4224000
CY2022Q4 linc Deferred Tax Assets Finance Lease Right Of Use Assets
DeferredTaxAssetsFinanceLeaseRightOfUseAssets
0
CY2023Q4 linc Deferred Tax Assets Operating Lease Right Of Use Assets
DeferredTaxAssetsOperatingLeaseRightOfUseAssets
24043000
CY2022Q4 linc Deferred Tax Assets Operating Lease Right Of Use Assets
DeferredTaxAssetsOperatingLeaseRightOfUseAssets
24884000
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
23218000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
22312000
CY2022Q4 linc Number Of Treasury Bills
NumberOfTreasuryBills
2
CY2022Q4 linc Number Of Treasury Bills Classified As Cash And Cash Equivalents
NumberOfTreasuryBillsClassifiedAsCashAndCashEquivalents
1
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023Q4 linc Expected Project Cost
ExpectedProjectCost
2000000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
378070000
CY2023 linc Percentage Of Total Revenue
PercentageOfTotalRevenue
1
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
348287000
CY2022 linc Percentage Of Total Revenue
PercentageOfTotalRevenue
1
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
33358000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
16278000
CY2023Q4 us-gaap Assets
Assets
345249000
CY2022Q4 us-gaap Assets
Assets
291566000
CY2022Q2 linc Number Of Categories Of Relief For Student Loan Borrowers
NumberOfCategoriesOfReliefForStudentLoanBorrowers
3
CY2022Q2 linc Number Of Institutes For Which Doe Agreed To Discharge Loans And Refund Prior Loan Payments
NumberOfInstitutesForWhichDOEAgreedToDischargeLoansAndRefundPriorLoanPayments
150
CY2023 linc Period To Review Borrower Defense Applications Before Final Settlement Date
PeriodToReviewBorrowerDefenseApplicationsBeforeFinalSettlementDate
P36M
CY2022Q3 linc Number Of Schools Granted Permission To Intervene In The Lawsuit
NumberOfSchoolsGrantedPermissionToInterveneInTheLawsuit
3
CY2022Q4 linc Number Of Schools That Filed Objection Against The Settlement
NumberOfSchoolsThatFiledObjectionAgainstTheSettlement
4
CY2022Q4 linc Number Of Schools That Filed Objection Against The Settlement
NumberOfSchoolsThatFiledObjectionAgainstTheSettlement
4
CY2022Q4 linc Estimated Number Of Students To Receive Automatic Loan Discharges
EstimatedNumberOfStudentsToReceiveAutomaticLoanDischarges
196000
CY2022Q4 linc Estimated Number Of Students To Receive Decisions Under New Procedures
EstimatedNumberOfStudentsToReceiveDecisionsUnderNewProcedures
100000
linc Number Of Student Loan Borrowers Who Submitted Borrower Defense Applications
NumberOfStudentLoanBorrowersWhoSubmittedBorrowerDefenseApplications
250000
CY2023 linc Period To Review Borrower Defense Applications Before Final Settlement Date
PeriodToReviewBorrowerDefenseApplicationsBeforeFinalSettlementDate
P36M
CY2023Q1 linc Number Of Schools That Appealed The Settlement S Final Approval
NumberOfSchoolsThatAppealedTheSettlementSFinalApproval
3
CY2023 linc Period To Review Borrower Defense Applications Before Final Settlement Date
PeriodToReviewBorrowerDefenseApplicationsBeforeFinalSettlementDate
P36M
CY2023Q4 us-gaap Other Commitment
OtherCommitment
33600000
CY2023Q4 linc Future Employment Contract Commitments
FutureEmploymentContractCommitments
10600000
CY2023Q4 us-gaap Malpractice Loss Contingency Letters Of Credit And Surety Bonds
MalpracticeLossContingencyLettersOfCreditAndSuretyBonds
16000000
CY2023Q4 linc Amount Expected To Be Received Under Cares Act
AmountExpectedToBeReceivedUnderCARESAct
27400000
CY2023 linc Number Of Installments To Receive Cares Act Fund
NumberOfInstallmentsToReceiveCARESActFund
2
CY2021Q3 linc Emergency Grants Available In First Installment Under Cares Act
EmergencyGrantsAvailableInFirstInstallmentUnderCARESAct
13700000
linc Utilized Amount Of Permitted Expenses
UtilizedAmountOfPermittedExpenses
13700000
CY2023 linc Department Of Education Governmental Allocated Amount To Schools
DepartmentOfEducationGovernmentalAllocatedAmountToSchools
24400000
CY2023Q4 linc Emergency Grants Distributed To Students Under Crrsaa And Arpa Act
EmergencyGrantsDistributedToStudentsUnderCRRSAAAndARPAAct
14800000
CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
35370000
CY2023 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
41637000
CY2023 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
23196000
CY2023Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
53811000
CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
31921000
CY2022 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
34915000
CY2022 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
31466000
CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
35370000

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