$LRN
Stride, Inc.

2022 Q4 Form 10-Q Financial Statement

#000155837022015328 Filed on October 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022 Q2
Revenue $458.4M $425.2M $455.2M
YoY Change 11.95% 6.23% 14.52%
Cost Of Revenue $288.3M $295.5M $287.5M
YoY Change 10.08% 7.92% 10.2%
Gross Profit $170.1M $129.6M $167.7M
YoY Change 15.27% 2.57% 22.75%
Gross Profit Margin 37.1% 30.49% 36.84%
Selling, General & Admin $102.0M $158.4M $115.5M
YoY Change 12.55% 18.74% 8.13%
% of Gross Profit 59.98% 122.15% 68.88%
Research & Development $85.70M $175.3M
YoY Change 14.11% 7.41%
% of Gross Profit 66.1% 104.55%
Depreciation & Amortization $27.46M $26.25M $24.45M
YoY Change 9.07% 8.71% -2.5%
% of Gross Profit 16.15% 20.25% 14.58%
Operating Expenses $102.0M $158.4M $121.6M
YoY Change 12.55% 18.74% 5.53%
Operating Profit $68.07M -$28.72M $46.10M
YoY Change 19.6% 311.62% 115.53%
Interest Expense -$2.082M -$2.046M -$2.036M
YoY Change 11.04% 2.66% -62.83%
% of Operating Profit -3.06% -4.42%
Other Income/Expense, Net $3.970M $1.037M -$5.568M
YoY Change 2.21% -1265.17% -1106.87%
Pretax Income $69.96M -$29.73M $38.49M
YoY Change 18.73% 228.16% 133.81%
Income Tax $18.86M -$7.507M $10.34M
% Of Pretax Income 26.96% 26.85%
Net Earnings $50.71M -$22.67M $28.09M
YoY Change 20.71% 285.38% 167.65%
Net Earnings / Revenue 11.06% -5.33% 6.17%
Basic Earnings Per Share $1.20 -$0.54
Diluted Earnings Per Share $1.19 -$0.54 $657.7K
COMMON SHARES
Basic Shares Outstanding 43.03M 42.08M 42.75M
Diluted Shares Outstanding 42.55M 42.08M

Balance Sheet

Concept 2022 Q4 2022 Q3 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $318.3M $194.5M $389.4M
YoY Change 23.85% -10.98% 0.86%
Cash & Equivalents $318.3M $194.5M $389.4M
Short-Term Investments $65.20M $49.40M
Other Short-Term Assets $100.6M $93.84M $106.6M
YoY Change 33.18% 66.28% 147.83%
Inventory $23.96M $27.92M $36.00M
Prepaid Expenses $43.82M $71.15M $25.97M
Receivables $442.2M $543.7M $418.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $928.8M $931.1M $950.5M
YoY Change 13.81% 8.58% 10.85%
LONG-TERM ASSETS
Property, Plant & Equipment $143.9M $151.6M $147.0M
YoY Change -13.05% -12.53% 103.96%
Goodwill $246.7M $246.2M $241.0M
YoY Change 2.39% 2.45% 0.28%
Intangibles $83.41M $86.69M $88.67M
YoY Change -12.39% -9.95% -10.87%
Long-Term Investments $7.200M $6.500K $6.300M
YoY Change 26.32% -99.87% 28.57%
Other Assets $89.69M $80.22M $87.65M
YoY Change -8.12% -15.54% -16.93%
Total Long-Term Assets $690.5M $691.0M $693.0M
YoY Change -2.7% -3.06% -3.72%
TOTAL ASSETS
Total Short-Term Assets $928.8M $931.1M $950.5M
Total Long-Term Assets $690.5M $691.0M $693.0M
Total Assets $1.619B $1.622B $1.644B
YoY Change 6.13% 3.29% 4.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.81M $68.96M $62.00M
YoY Change -2.99% 17.69% -0.24%
Accrued Expenses $40.91M $42.54M $149.1M
YoY Change -33.44% -43.84% 91.98%
Deferred Revenue $83.80M $80.68M $53.63M
YoY Change 66.24% 24.28% 40.72%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $44.38M $43.63M $37.39M
YoY Change 23.0% 34.6% 36.78%
Total Short-Term Liabilities $249.3M $289.2M $302.1M
YoY Change 4.64% 1.62% -1.36%
LONG-TERM LIABILITIES
Long-Term Debt $412.3M $411.8M $440.3M
YoY Change 0.39% 0.38% 47.13%
Other Long-Term Liabilities $10.37M $10.49M $85.36M
YoY Change -3.32% -43.19% 425.13%
Total Long-Term Liabilities $422.6M $422.3M $525.7M
YoY Change 0.29% -1.49% 66.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $249.3M $289.2M $302.1M
Total Long-Term Liabilities $422.6M $422.3M $525.7M
Total Liabilities $777.4M $835.3M $831.0M
YoY Change -1.78% -1.79% 7.55%
SHAREHOLDERS EQUITY
Retained Earnings $255.5M $204.8M $227.5M
YoY Change 63.3% 78.94% 102.82%
Common Stock $688.7M $684.0M $687.5M
YoY Change 1.19% -3.43% -13.58%
Preferred Stock
YoY Change
Treasury Stock (at cost) $102.5M $102.5M $102.5M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares $5.335M $5.335M $5.335M
Shareholders Equity $841.9M $786.8M $812.6M
YoY Change
Total Liabilities & Shareholders Equity $1.619B $1.622B $1.644B
YoY Change 6.13% 3.29% 4.2%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022 Q2
OPERATING ACTIVITIES
Net Income $50.71M -$22.67M $28.09M
YoY Change 20.71% 285.38% 167.65%
Depreciation, Depletion And Amortization $27.46M $26.25M $24.45M
YoY Change 9.07% 8.71% -2.5%
Cash From Operating Activities $164.3M -$143.1M $125.5M
YoY Change 37.12% 8.85% 1.98%
INVESTING ACTIVITIES
Capital Expenditures -$16.90M $913.0K -$19.69M
YoY Change 19.4% -28.56% 13.43%
Acquisitions
YoY Change
Other Investing Activities -$11.62M -$9.644M -$492.0K
YoY Change -47.84% 22.28% -98.82%
Cash From Investing Activities -$28.52M -$26.50M -$20.19M
YoY Change -21.72% 14.05% -65.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.05M -25.23M -24.46M
YoY Change -73.18% 96.87% 225.11%
NET CHANGE
Cash From Operating Activities 164.3M -143.1M 125.5M
Cash From Investing Activities -28.52M -26.50M -20.19M
Cash From Financing Activities -12.05M -25.23M -24.46M
Net Change In Cash 123.8M -194.9M 80.83M
YoY Change 221.72% 16.3% 42.86%
FREE CASH FLOW
Cash From Operating Activities $164.3M -$143.1M $125.5M
Capital Expenditures -$16.90M $913.0K -$19.69M
Free Cash Flow $181.2M -$144.1M $145.2M
YoY Change 35.25% 8.49% 3.39%

Facts In Submission

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CY2021Q3 lrn Repurchase Of Restricted Stock For Income Tax Withholding
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CY2021Q3 us-gaap Profit Loss
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CY2021Q3 us-gaap Depreciation Depletion And Amortization
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CY2021Q3 us-gaap Share Based Compensation
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CY2021Q3 lrn Increase Decrease In Inventories Prepaid Expenses And Other Assets
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CY2021Q3 lrn Increase Decrease In Operating Lease Liabilities
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CY2022Q3 lrn Increase Decrease In Contract With Customer Liability And Other Liabilities
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CY2021Q3 lrn Increase Decrease In Contract With Customer Liability And Other Liabilities
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CY2021Q3 lrn Payments To Capitalized Curriculum Development Costs
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CY2021Q3 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q3 us-gaap Nature Of Operations
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"> <b style="font-weight:bold;">1.   Description of the Business</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">Stride, Inc., together with its subsidiaries (“Stride” or the “Company”) is an education services company providing virtual and blended learning. The brand reflects the Company’s continued growth into lifelong learning, regardless of a student’s age or location. The Company’s technology-based products and services enable its clients to attract, enroll, educate, track progress, and support students. These products and services, spanning curriculum, systems, instruction, and support services are designed to help learners of all ages reach their full potential through inspired teaching and personalized learning. The Company’s clients are primarily public and private schools, school districts, and charter boards. Additionally, it offers solutions to employers, government agencies and consumers. These products and services are provided through two lines of revenue:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:18pt;"/><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Products and services for the General Education market are predominantly focused on core subjects, including math, English, science and history, for kindergarten through twelfth grade students to help build a common foundation of knowledge.  These programs provide an alternative to traditional school options and address a range of student needs including, safety concerns, increased academic support, scheduling flexibility, physical/health restrictions or advanced learning. Products and services are sold as a comprehensive school-as-a-service offering or à la carte.</span></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><span style="font-size:10pt;margin-left:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:18pt;"/><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Career Learning products and services are focused on developing skills to enter and succeed in careers in high-growth, in-demand industries—including information technology, health care and general business.  The Company pr</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;background:#ffffff;">ovides middle and high school students with Career Learning programs that complement their core general education coursework in math, English, science and history. Stride offers multiple career pathways supported by a diverse catalog of Career Learning courses. The middle school program exposes students to a variety of career options and introduces career skill development. In high school, students may engage in industry content pathway courses, project-based learning in virtual teams, and career development services. High school students also have the opportunity to progress toward certifications, connect with industry professionals, earn college credits while in high school, and participate in job shadowing and/or work-based learning experiences that facilitate success in today’s digital, tech-enabled economy.  A student enrolled in a school that offers Stride’s General Education program may elect to take Career Learning courses, but that student and the associated revenue is reported as a General Education enrollment and General Education revenue. A student and the associated revenue is counted as a Career Learning enrollment or Career Learning revenue only if the student is enrolled in a Career Learning program or school</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">. Like General Education products and services, the products and services for the Career Learning market are sold as a comprehensive school-as-a-service offering or à la carte.  The Company also offers focused post-secondary career learning programs to adult learners, through Galvanize, Inc. (“Galvanize”), Tech Elevator, Inc. (“Tech Elevator”), and MedCerts, LLC (“MedCerts”). These include skills training in the </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;background:#ffffff;">software engineering, healthcare, and medical fields, as well as providing staffing and talent development services to employers</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">. These programs are offered directly to consumers, as well as to employers and government agencies.</span></td></tr></table>
CY2022Q3 lrn Number Of Lines Of Revenues
NumberOfLinesOfRevenues
2
CY2022Q3 us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">2.   Basis of Presentation</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">The accompanying condensed consolidated balance sheet as of September 30, 2022, the condensed consolidated statements of operations and comprehensive income for the three months ended September 30, 2022 and 2021, the condensed consolidated statements of cash flows for the three months ended September 30, 2022 and 2021, and the condensed consolidated statements of stockholders’ equity for the three months ended September 30, 2022 and 2021 are unaudited. The unaudited interim financial statements have been prepared on the same basis as the annual financial statements, and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position and results of operations for the periods presented. The results for the three months ended September 30, 2022 are not necessarily indicative of the results to be expected for the year ending June 30, 2023, for any other interim period or for any other future fiscal year. The condensed consolidated balance sheet as of June 30, 2022 has been derived from the audited consolidated financial statements at that date.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Accordingly, the Company does not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, these statements include all adjustments (consisting of normal recurring adjustments) considered necessary to present a fair statement of the Company’s condensed consolidated results of operations, financial position and cash flows. Preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the financial statements and footnotes. Actual results could differ from those estimates. This quarterly report on Form 10-Q should be read in conjunction with the financial statements and the notes thereto included in the Company’s latest annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on August 10, 2022, which contains the Company’s audited financial statements for the fiscal year ended June 30, 2022.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">The Company operates in one operating and <span style="-sec-ix-hidden:Hidden_tho4DrABRkmZrKuZlGsUJw;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">reportable</span></span> business segment as a technology-based education company providing proprietary and third party curriculum, software systems and educational services designed to facilitate individualized learning for students and adults. The Chief Operating Decision Maker evaluates profitability based on consolidated results.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p>
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1
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CY2021Q3 lrn Revenue Reduction School Operating Losses
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CY2022Q3 lrn Number Of Lines Of Revenues
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CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
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25200000
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CY2022Q3 us-gaap Held To Maturity Securities
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CY2022Q2 us-gaap Inventory Noncurrent
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CY2022Q2 us-gaap Inventory Valuation Reserves
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6500000
CY2022Q3 us-gaap Finance Lease Liability Payments Due
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80690000
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
67906000
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2662000
CY2022Q3 us-gaap Equipment Expense
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CY2021Q3 us-gaap Equipment Expense
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CY2022Q2 us-gaap Finite Lived Intangible Assets Net
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CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q3 us-gaap Payments For Software
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9800000
CY2021Q3 us-gaap Payments For Software
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9700000
CY2022Q3 lrn Capitalized Curriculum Development Costs Useful Life
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P5Y
CY2022Q3 lrn Payments To Capitalized Curriculum Development Costs
PaymentsToCapitalizedCurriculumDevelopmentCosts
6100000
CY2021Q3 lrn Payments To Capitalized Curriculum Development Costs
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4400000
CY2022Q3 us-gaap Lessee Operating Lease Discount Rate
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CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
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CY2022Q3 us-gaap Finance Lease Liability
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CY2022Q2 us-gaap Finance Lease Liability
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CY2022Q3 us-gaap Finance Lease Liability Current
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CY2022Q2 us-gaap Finance Lease Liability Current
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37389000
CY2022Q3 us-gaap Amortization Of Intangible Assets
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3300000
CY2021Q3 us-gaap Amortization Of Intangible Assets
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3200000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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9800000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12100000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10900000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9700000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2022Q3 us-gaap Investments Fair Value Disclosure
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q3 us-gaap Earnings Per Share Diluted
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2
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CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
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CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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38600000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2022Q3 lrn Lessee Operating Lease Liability Payments Due After Year Four
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
90812000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9113000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022Q3 us-gaap Operating Lease Liability Current
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CY2022Q2 us-gaap Operating Lease Liability Current
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CY2022Q3 us-gaap Operating Lease Liability Noncurrent
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CY2022Q2 us-gaap Operating Lease Liability Noncurrent
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1
CY2022Q3 lrn Number Of Facilities Being Subleased Through November2024
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1
CY2022Q3 lrn Number Of Facilities Being Subleased Through December2025
NumberOfFacilitiesBeingSubleasedThroughDecember2025
1
CY2022Q3 lrn Lessee Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Remainder Of Fiscal Year
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1047000
CY2022Q2 lrn Lessee Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Due In Next Twelve Months
LesseeOperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsDueInNextTwelveMonths
1396000
CY2022Q3 lrn Lessee Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Due In Next Twelve Months
LesseeOperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsDueInNextTwelveMonths
665000
CY2022Q2 lrn Lessee Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Due In Year Two
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CY2021Q3 us-gaap Lease Cost
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CY2022Q3 us-gaap Operating Lease Payments
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CY2021Q3 us-gaap Operating Lease Payments
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5321000
CY2022Q3 us-gaap Finance Lease Interest Payment On Liability
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CY2021Q3 us-gaap Finance Lease Interest Payment On Liability
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CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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19907000
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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13983000
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0300
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q3 us-gaap Deferred Finance Costs Net
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CY2022Q3 us-gaap Long Term Debt
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CY2022Q2 us-gaap Long Term Debt
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CY2022Q3 us-gaap Long Term Debt Noncurrent
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CY2022Q3 lrn Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable After Expiration Of Option Term Number
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0
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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14.77
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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35127
CY2022Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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14.77
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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675
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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14.77
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P0Y8M23D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
18401
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
238863
CY2022Q3 us-gaap Income Taxes Paid Net
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CY2021Q3 us-gaap Income Taxes Paid Net
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CY2022Q3 lrn Operating Lease Right Of Use Asset Obtained From Acquisition
OperatingLeaseRightOfUseAssetObtainedFromAcquisition
385000
CY2022Q3 lrn Finance Lease Right Of Use Asset Obtained In Exchange For New Finance Lease Liabilities
FinanceLeaseRightOfUseAssetObtainedInExchangeForNewFinanceLeaseLiabilities
19907000
CY2021Q3 lrn Finance Lease Right Of Use Asset Obtained In Exchange For New Finance Lease Liabilities
FinanceLeaseRightOfUseAssetObtainedInExchangeForNewFinanceLeaseLiabilities
13983000
CY2022Q3 lrn Stock Based Compensation Expense Capitalized On Software Development
StockBasedCompensationExpenseCapitalizedOnSoftwareDevelopment
101000
CY2021Q3 lrn Stock Based Compensation Expense Capitalized On Software Development
StockBasedCompensationExpenseCapitalizedOnSoftwareDevelopment
68000
CY2022Q3 lrn Stock Based Compensation Expense Capitalized On Curriculum Development
StockBasedCompensationExpenseCapitalizedOnCurriculumDevelopment
19000
CY2021Q3 lrn Stock Based Compensation Expense Capitalized On Curriculum Development
StockBasedCompensationExpenseCapitalizedOnCurriculumDevelopment
29000
CY2022Q3 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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5423000
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
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1132000
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
1309000
CY2022Q3 us-gaap Goodwill Acquired During Period
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5217000
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
385000
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Deferred Revenue
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDeferredRevenue
441000

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