2024 Q3 Form 10-K Financial Statement

#000155837024011134 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $551.1M $534.2M $2.040B
YoY Change 14.77% 10.49% 11.03%
Cost Of Revenue $335.2M $346.0M $1.276B
YoY Change 9.09% 11.1% 7.24%
Gross Profit $215.9M $188.2M $763.6M
YoY Change 24.85% 9.37% 18.01%
Gross Profit Margin 39.17% 35.23% 37.43%
Selling, General & Admin $168.5M $107.6M $514.0M
YoY Change -0.62% -8.95% 6.73%
% of Gross Profit 78.07% 57.15% 67.31%
Research & Development $16.70M
YoY Change 7.74%
% of Gross Profit 2.19%
Depreciation & Amortization $28.13M $28.22M $109.7M
YoY Change 0.42% -4.99% -0.61%
% of Gross Profit 13.03% 14.99% 14.36%
Operating Expenses $168.5M $114.5M $530.7M
YoY Change -0.62% -3.05% 6.77%
Operating Profit $47.34M $73.68M $249.6M
YoY Change 1326.02% 36.58% 50.82%
Interest Expense -$2.353M -$2.318M -$8.812M
YoY Change 13.78% 11.98% 4.85%
% of Operating Profit -4.97% -3.15% -3.53%
Other Income/Expense, Net $8.778M $7.519M $26.90M
YoY Change 69.95% 28.35% 74.09%
Pretax Income $53.77M $78.88M $268.7M
YoY Change 737.91% 36.62% 56.01%
Income Tax $11.28M $16.10M $64.48M
% Of Pretax Income 20.97% 20.41% 24.0%
Net Earnings $40.88M $62.78M $204.2M
YoY Change 738.09% 44.75% 60.94%
Net Earnings / Revenue 7.42% 11.75% 10.01%
Basic Earnings Per Share $0.95 $4.79
Diluted Earnings Per Share $0.94 $1.43 $4.69
COMMON SHARES
Basic Shares Outstanding 43.28M 43.25M 42.63M
Diluted Shares Outstanding 43.71M 43.54M

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $522.2M $692.3M $692.3M
YoY Change 105.1% 68.52% 68.52%
Cash & Equivalents $317.8M $500.6M $500.6M
Short-Term Investments $204.5M $191.7M $191.7M
Other Short-Term Assets $17.16M $14.49M $43.66M
YoY Change -86.16% -88.78% -71.64%
Inventory $22.32M $36.75M $36.75M
Prepaid Expenses $53.90M $29.16M
Receivables $675.7M $472.8M $472.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.291B $1.245B $1.245B
YoY Change 19.54% 16.92% 16.92%
LONG-TERM ASSETS
Property, Plant & Equipment $136.4M $50.86M $105.4M
YoY Change 8.54% -2.82% -13.53%
Goodwill $246.7M $246.7M
YoY Change 0.0% 0.0%
Intangibles $57.71M $60.28M
YoY Change -19.57% -19.38%
Long-Term Investments $17.10M
YoY Change 113.75%
Other Assets $109.9M $120.3M $127.5M
YoY Change 0.51% 10.23% 8.13%
Total Long-Term Assets $680.6M $675.0M $675.0M
YoY Change -0.98% -2.94% -2.94%
TOTAL ASSETS
Total Short-Term Assets $1.291B $1.245B $1.245B
Total Long-Term Assets $680.6M $675.0M $675.0M
Total Assets $1.972B $1.920B $1.920B
YoY Change 11.56% 9.08% 9.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.06M $40.97M $40.97M
YoY Change -32.89% -16.14% -16.14%
Accrued Expenses $56.03M $60.80M $138.4M
YoY Change 10.22% -20.66% -6.79%
Deferred Revenue $32.33M $35.74M
YoY Change -61.48% -53.07%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $39.13M $29.15M $29.15M
YoY Change 11.6% -18.18% -18.18%
Total Short-Term Liabilities $230.7M $244.3M $244.3M
YoY Change -22.89% -20.98% -20.98%
LONG-TERM LIABILITIES
Long-Term Debt $415.1M $414.7M $441.1M
YoY Change 0.4% 0.4% 1.57%
Other Long-Term Liabilities $16.24M $13.84M $59.03M
YoY Change 36.12% 31.86% -15.57%
Total Long-Term Liabilities $431.3M $428.5M $500.2M
YoY Change 1.4% 1.18% -0.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $230.7M $244.3M $244.3M
Total Long-Term Liabilities $431.3M $428.5M $500.2M
Total Liabilities $757.6M $744.4M $744.4M
YoY Change -6.37% -8.47% -8.47%
SHAREHOLDERS EQUITY
Retained Earnings $599.4M $558.5M
YoY Change 66.87% 57.63%
Common Stock $717.5M $720.0M
YoY Change 2.24% 3.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $102.5M $102.5M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $1.214B $1.176B $1.176B
YoY Change
Total Liabilities & Shareholders Equity $1.972B $1.920B $1.920B
YoY Change 11.56% 9.08% 9.08%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income $40.88M $62.78M $204.2M
YoY Change 738.09% 44.75% 60.94%
Depreciation, Depletion And Amortization $28.13M $28.22M $109.7M
YoY Change 0.42% -4.99% -0.61%
Cash From Operating Activities -$142.0M $172.2M $278.8M
YoY Change 4.95% 77.66% 37.24%
INVESTING ACTIVITIES
Capital Expenditures $669.0K $16.42M $2.270M
YoY Change -60.51% -6.66% -47.65%
Acquisitions
YoY Change
Other Investing Activities -$6.109M -$22.43M -$78.28M
YoY Change -167.25% -24.94% 55.68%
Cash From Investing Activities -$20.89M -$38.86M -$139.9M
YoY Change 195.74% -18.16% 18.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.95M -9.310M -49.12M
YoY Change 44.46% -24.45% -22.65%
NET CHANGE
Cash From Operating Activities -142.0M 172.2M 278.8M
Cash From Investing Activities -20.89M -38.86M -139.9M
Cash From Financing Activities -19.95M -9.310M -49.12M
Net Change In Cash -182.8M 124.0M 89.81M
YoY Change 17.08% 234.07% 319.48%
FREE CASH FLOW
Cash From Operating Activities -$142.0M $172.2M $278.8M
Capital Expenditures $669.0K $16.42M $2.270M
Free Cash Flow -$142.7M $155.8M $276.5M
YoY Change 4.14% 96.36% 39.09%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 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;text-indent:36pt;margin:0pt;">Stride, Inc., together with its subsidiaries (“Stride” or the “Company”) is a technology company providing an educational platform to deliver online learning to students throughout the U.S. The brand reflects the Company’s continued growth into lifelong learning, regardless of a student’s age or location. The Company’s platform hosts products and services 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 provides 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><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. Products and services are delivered as a comprehensive school-as-a-service offering for schools or as stand-alone products and services. A student enrolled in a school that offers Stride’s General Education program may elect to take career courses, but that student and the associated revenue is reported as a General Education enrollment and General Education revenue</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">.</span></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><span style="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><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, healthcare and general business. The Company provides middle and high school students with Career Learning programs that complement their core general education coursework. Stride offers multiple career pathways through a diverse catalog of 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 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 is reported as a Career Learning enrollment and associated Career Learning revenue only if the student is enrolled in a Career Learning program. Like General Education products and services, the products and services for Career Learning are sold as a comprehensive school-as-a-service offering or as stand-alone products and services. The Company also provides focused post-secondary career learning programs to adult learners, for the software engineering, healthcare, and medical fields. These programs are sold directly to consumers, employers and government agencies.</span></td></tr></table><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>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">2. Basis of Presentation</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company operates in one operating and <span style="-sec-ix-hidden:Hidden_W2E6NSS6xEi3qHEvOdjonQ;"><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 company providing an educational platform to deliver 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>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions affecting the reported amounts of assets and liabilities and contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates and assumptions, including those related to the allowance for credit losses, inventory reserves, amortization periods, the allocation of purchase price to the fair value of net assets and liabilities acquired in business combinations, fair values used in asset impairment evaluations, valuation of long-lived assets, accrual for incurred but not reported (“IBNR”) claims, contingencies, income taxes, fair value of contingent consideration and stock-based compensation expense. The Company bases its estimates on historical experience and various assumptions that it believes are reasonable under the circumstances. The results of the analysis form the basis for making assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.</p>
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CY2023Q2 us-gaap Inventory Valuation Reserves
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CY2023 lrn Payments To Capitalized Curriculum Development Costs
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CY2022 lrn Payments To Capitalized Curriculum Development Costs
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CY2023 lrn Writedown Of Capitalized Curriculum Development Costs
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CY2024 lrn Writedown Of Capitalized Curriculum Development Costs
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CY2023 us-gaap Amortization Of Intangible Assets
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CY2022 us-gaap Amortization Of Intangible Assets
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2023Q2 us-gaap Goodwill
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CY2024Q2 us-gaap Goodwill
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CY2022 us-gaap Marketing And Advertising Expense
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CY2024Q2 us-gaap Investments Fair Value Disclosure
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lrn Expense On Estimate Of Fair Value Of Contingent Consideration
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CY2022Q2 lrn Contingent Consideration Fair Value Disclosure
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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CY2023 us-gaap Net Income Loss
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Property Plant And Equipment Net
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CY2023Q2 us-gaap Capitalized Computer Software Accumulated Amortization
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CY2023Q2 us-gaap Capitalized Computer Software Net
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CY2023Q2 us-gaap Capitalized Software Development Costs For Software Sold To Customers
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CY2024Q2 lrn Capitalized Software Development Costs For Software Application Used Internally Curriculum Content Net
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53232000
CY2023Q2 lrn Capitalized Software Development Costs For Software Application Used Internally Curriculum Content Net
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CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2023Q2 us-gaap Deferred Tax Assets Gross
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CY2024Q2 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Software
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CY2023Q2 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Software
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CY2024Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2023Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2024Q2 lrn Deferred Tax Liabilities Right Of Use Assets
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CY2023Q2 lrn Deferred Tax Liabilities Right Of Use Assets
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CY2024Q2 lrn Deferred Tax Liabilities Returned Materials
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CY2023Q2 lrn Deferred Tax Liabilities Returned Materials
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CY2024Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
14827000
CY2023Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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15471000
CY2024Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
53944000
CY2023Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
55751000
CY2024Q2 lrn Aggregate Deferred Tax Assets And Liabilities
AggregateDeferredTaxAssetsAndLiabilities
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CY2023Q2 lrn Aggregate Deferred Tax Assets And Liabilities
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CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2023Q2 us-gaap Deferred Income Tax Assets Net
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CY2024Q2 us-gaap Deferred Income Tax Assets Net
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CY2023Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
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CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2024Q2 us-gaap Operating Loss Carryforwards
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
10943000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2024 us-gaap Current State And Local Tax Expense Benefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2024 us-gaap Current Foreign Tax Expense Benefit
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CY2023 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3379000
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2890000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2024 lrn Effective Income Tax Rate Reconciliation Nondeductible Expense Lobbying
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CY2023 lrn Effective Income Tax Rate Reconciliation Nondeductible Expense Lobbying
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CY2022 lrn Effective Income Tax Rate Reconciliation Nondeductible Expense Lobbying
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.014
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2024 lrn Effective Income Tax Rate Reconciliation Reserve For Unrecognized Tax Benefits
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CY2023 lrn Effective Income Tax Rate Reconciliation Reserve For Unrecognized Tax Benefits
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CY2022 lrn Effective Income Tax Rate Reconciliation Reserve For Unrecognized Tax Benefits
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
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CY2024 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2024Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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400000
CY2023Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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200000
CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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