Universal Technical Institute (UTI) 10-K 12 Dec 22 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2022	Nov. 30, 2022	Mar. 31, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Sep. 30, 2022
Current Fiscal Year End Date	--09-30
Document Transition Report	false
Entity File Number	1-31923
Entity Registrant Name	UNIVERSAL TECHNICAL INSTITUTE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-0226984
Entity Address, Address Line One	4225 East Windrose Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Phoenix
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85032
City Area Code	623
Local Phone Number	445-9500
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	UTI
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		33,774,821
Entity Public Float			$ 284
Documents Incorporated by Reference	Portions of the registrant's definitive proxy statement for the 2023 Annual Meeting of Stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0001261654
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Sep. 30, 2022
Audit Information [Abstract]
Auditor Firm ID	34
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	Tempe, Arizona

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2022	Sep. 30, 2021
Current assets:
Cash and cash equivalents	$ 66,452,000	$ 133,721,000
Restricted cash	3,544,000	12,256,000
Held-to-maturity investments	28,918,000	0
Receivables, net	16,450,000	17,151,000
Notes receivable, current portion	5,641,000	5,538,000
Prepaid expenses	6,139,000	6,658,000
Other current assets	8,809,000	8,068,000
Total current assets	135,953,000	183,392,000
Property and equipment, net	214,292,000	122,051,000
Goodwill	16,859,000	8,222,000
Intangible assets, net	14,215,000	124,000
Notes receivable, less current portion	30,231,000	30,586,000
Right-of-use assets for operating leases	132,038,000	159,075,000
Deferred tax assets, net	3,365,000	0
Other assets	5,958,000	9,120,000
Total assets	552,911,000	512,570,000
Current
Accounts payable and accrued expenses	63,504,000	54,397,000
Deferred revenue	54,223,000	57,648,000
Accrued tool sets	3,176,000	3,292,000
Operating lease liability, current portion	12,959,000	14,075,000
Long-term debt, current portion	1,115,000	876,000
Other current liabilities	2,745,000	2,430,000
Total current liabilities	137,722,000	132,718,000
Deferred tax liabilities, net	0	674,000
Operating lease liability	129,302,000	153,228,000
Long-term debt	66,423,000	29,850,000
Other liabilities	4,067,000	7,570,000
Total liabilities	337,514,000	324,040,000
Commitments and contingencies (Note 18)
Shareholders' equity:
Common stock, $0.0001 par value, 100,000 shares authorized, 33,857 and 32,915 shares issued, and 33,775 and 32,833 shares outstanding as of September 30, 2022 and 2021, respectively	3,000	3,000
Preferred stock, $0.0001 par value, 10,000 shares authorized; 676 and 700 shares of Series A Convertible Preferred Stock issued and outstanding as of September 30, 2022 and 2021, liquidation preference of $100 per share	0	0
Paid-in capital - common	148,372,000	142,314,000
Paid-in capital - preferred	66,481,000	68,853,000
Treasury stock, at cost, 82 shares as of September 30, 2022 and 2021, respectively	(365,000)	(365,000)
Retained deficit	(1,307,000)	(21,996,000)
Accumulated other comprehensive income (loss)	2,213,000	(279,000)
Total shareholders’ equity	215,397,000	188,530,000
Total liabilities and shareholders’ equity	$ 552,911,000	$ 512,570,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2022	Sep. 30, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	33,857,000	32,915,000
Common stock, shares outstanding (in shares)	33,775,000	32,833,000
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	676,000	700,000
Preferred stock, shares outstanding (in shares)	676,000	700,000
Preferred stock, liquidation preference (in dollars per share)	$ 100	$ 100
Treasury stock, shares, at cost (in shares)	82,000	82,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Revenue
Revenues	$ 418,765	$ 335,083	$ 300,761
Operating expenses:
Educational services and facilities	207,233	166,818	155,932
Selling, general and administrative	189,158	153,318	148,700
Total operating expenses	396,391	320,136	304,632
Income (loss) from operations	22,374	14,947	(3,871)
Other (expense) income:
Interest income	507	83	1,152
Interest expense	(2,002)	(365)	(10)
Other (expense) income	(438)	518	135
Total other (expense) income, net	(1,933)	236	1,277
Income (loss) before income taxes	20,441	15,183	(2,594)
Income tax benefit (expense)	5,407	(602)	10,602
Net income	25,848	14,581	8,008
Preferred stock dividends	(5,159)	(5,250)	(5,264)
Income available for distribution	20,689	9,331	2,744
Income allocated to participating securities	(7,847)	(3,647)	(1,135)
Net income available to common shareholders	$ 12,842	$ 5,684	$ 1,609
Earnings per share (See Note 21):
Net income per share - basic (in dollars per share)	$ 0.39	$ 0.17	$ 0.05
Net income per share - diluted (in dollars per share)	$ 0.38	$ 0.17	$ 0.05
Weighted average number of shares outstanding:
Basic (in shares)	33,218	32,766	29,812
Diluted (in shares)	33,743	33,123	30,113

CONSOLIDATED STATEMENTS OF OTHE

CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 25,848	$ 14,581	$ 8,008
Unrealized gain (loss) on interest rate swaps, net of taxes	2,492	(279)	0
Comprehensive income	$ 28,340	$ 14,302	$ 8,008

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Preferred Stock	Treasury Stock	Retained Deficit	Retained Deficit Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Common Stock Paid-in Capital	Preferred Stock Paid-in Capital
Adjustment for ASC adoption | Accounting Standards Update 2016-13	Accounting Standards Update 2016-13
Common Stock, Beginning Balance (in shares) at Sep. 30, 2019			32,499
Beginning balance at Sep. 30, 2019	$ 114,288		$ 3	$ 0	$ (97,388)	$ (44,673)		$ 0	$ 187,493	$ 68,853
Beginning balance (Accounting Standards Update 2016-02) at Sep. 30, 2019		$ 8,958					$ 8,958
Preferred Stock, Beginning Balance (in shares) at Sep. 30, 2019				700
Treasury Stock, Beginning Balance (in shares) at Sep. 30, 2019					(6,865)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,008					8,008
Issuance of common stock under employee plans (in shares)			328
Shares withheld for payroll taxes (in shares)			(97)
Shares withheld for payroll taxes	(698)								(698)
Stock-based compensation	2,077								2,077
Shares issued for equity offering (in shares)					6,783
Shares issued for equity offering	49,153				$ 97,023				(47,870)
Preferred stock cash dividends declared	(5,264)					(5,264)
Unrealized gain (loss) on interest rate swaps, net of taxes	0
Common Stock, Ending Balance (in shares) at Sep. 30, 2020			32,730
Ending balance at Sep. 30, 2020	176,522		$ 3	$ 0	$ (365)	(32,971)		0	141,002	68,853
Ending balance (Accounting Standards Update 2016-13) at Sep. 30, 2020		$ 1,644					$ 1,644
Preferred Stock, Ending Balance (in shares) at Sep. 30, 2020				700
Treasury Stock, Ending Balance (in shares) at Sep. 30, 2020					(82)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,581					14,581
Issuance of common stock under employee plans (in shares)			251
Shares withheld for payroll taxes (in shares)			(66)
Shares withheld for payroll taxes	(421)								(421)
Stock-based compensation	1,733								1,733
Preferred stock cash dividends declared	(5,250)					(5,250)
Unrealized gain (loss) on interest rate swaps, net of taxes	$ (279)							(279)
Common Stock, Ending Balance (in shares) at Sep. 30, 2021	32,833		32,915
Ending balance at Sep. 30, 2021	$ 188,530		$ 3	$ 0	$ (365)	(21,996)		(279)	142,314	68,853
Preferred Stock, Ending Balance (in shares) at Sep. 30, 2021	700			700
Treasury Stock, Ending Balance (in shares) at Sep. 30, 2021	(82)				(82)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 25,848					25,848
Issuance of common stock under employee plans (in shares)			300
Shares withheld for payroll taxes (in shares)			(82)
Shares withheld for payroll taxes	(651)								(651)
Stock-based compensation	4,337								4,337
Preferred stock conversion (in shares)			724	(24)
Preferred stock conversion	0								2,372	(2,372)
Preferred stock cash dividends declared	(5,159)					(5,159)
Unrealized gain (loss) on interest rate swaps, net of taxes	$ 2,492							2,492
Common Stock, Ending Balance (in shares) at Sep. 30, 2022	33,775		33,857
Ending balance at Sep. 30, 2022	$ 215,397		$ 3	$ 0	$ (365)	$ (1,307)		$ 2,213	$ 148,372	$ 66,481
Preferred Stock, Ending Balance (in shares) at Sep. 30, 2022	676			676
Treasury Stock, Ending Balance (in shares) at Sep. 30, 2022	(82)				(82)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income	$ 25,848	$ 14,581	$ 8,008
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	16,884	14,027	11,804
Amortization of right-of-use assets for operating leases	15,893	15,605	24,273
Intangible asset impairment expense	2,000	0	0
Bad debt expense	2,510	1,718	1,767
Stock-based compensation	4,337	1,733	2,077
Deferred income taxes	(6,014)	0	345
Training equipment credits earned, net	180	364	541
Unrealized gain (loss) on derivative contract	2,492	(279)	0
Other losses (gains), net	663	(13)	(52)
Changes in assets and liabilities:
Receivables	564	8,483	(13,749)
Notes receivable	252	(1,687)	2,286
Prepaid expenses and other current assets	(1,737)	(4,391)	(1,016)
Other assets	(1,673)	(768)	(76)
Accounts payable and accrued expenses	5,652	1,790	7,020
Deferred revenue	(5,268)	16,954	(2,192)
Income tax receivable	0	7,145	(6,989)
Accrued tool sets and other current liabilities	1,685	2,025	1,863
Operating lease liability	(13,952)	(20,469)	(25,617)
Other liabilities	(4,285)	(1,633)	739
Net cash provided by operating activities	46,031	55,185	11,032
Cash flows from investing activities:
Purchase of property and equipment	(79,457)	(61,586)	(9,262)
Proceeds from disposal of property and equipment	7	280	64
Purchase of held-to-maturity investments	(28,821)	0	(69,678)
Proceeds received upon maturity of investments	0	37,651	31,289
Proceeds from insurance policy	0	427	1,566
Cash paid for acquisitions, net of cash acquired	(26,514)	0	0
Return of capital contribution from unconsolidated affiliate	188	277	261
Net cash used in investing activities	(134,597)	(22,951)	(45,760)
Cash flows from financing activities:
Proceeds from term loan	38,000	31,150	0
Debt issuance costs related to the term loan	(378)	(272)	0
Proceeds from equity offering	0	0	49,153
Payment of preferred stock cash dividend	(5,159)	(5,250)	(5,264)
Payment of term loans and finance leases	(19,227)	(383)	(99)
Payment of payroll taxes on stock-based compensation through shares withheld	(651)	(421)	(698)
Net cash provided by financing activities	12,585	24,824	43,092
Change in cash, cash equivalents and restricted cash	(75,981)	57,058	8,364
Cash and cash equivalents, beginning of period	133,721	76,803	65,442
Restricted cash, beginning of period	12,256	12,116	15,113
Cash, cash equivalents and restricted cash, beginning of period	145,977	88,919	80,555
Cash and cash equivalents, end of period	66,452	133,721	76,803
Restricted cash, end of period	3,544	12,256	12,116
Cash, cash equivalents and restricted cash, end of period	69,996	145,977	88,919
Supplemental disclosure of cash flow information:
Taxes paid	859
Taxes (refunded)		(6,712)	(113)
Interest paid	1,937	349	7
Training equipment obtained in exchange for services	1,454	679	985
Depreciation of training equipment obtained in exchange for services	918	1,174	1,345
Change in accrued capital expenditures during the period	(2,592)	(1,203)	(490)
CARES Act funds received for student emergency grants (See Note 25)	6,689	20,039	16,565
CARES Act funds disbursed for student emergency grants (See Note 25)	(6,919)	(19,745)	(17,184)
CARES Act funds received for institutional costs (See Note 25)	0	2,677	13,889
CARES Act funds for institutional costs included in Receivables, net (See Note 25)	$ 0	$ 0	$ 1,797

Business Description

Business Description	12 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Description	Business Description Founded in 1965, with approximately 250,000 graduates in its history, Universal Technical Institute, Inc. (“we,” “us” or “our”) is a leading provider of transportation and technical training programs. As of September 30, 2022, we offered certificate, diploma or degree programs at 16 campuses across the United States under the banner of several well-known brands, including Universal Technical Institute (“UTI”), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, “MMI”), NASCAR Technical Institute (“NASCAR Tech”), and MIAT College of Technology (“MIAT”). Additionally, we offer manufacturer specific advanced training (“MSAT”) programs, including student-paid electives, at our campuses and manufacturer or dealer sponsored training at certain campuses and dedicated training centers. We offer the majority of our programs in a blended learning model that combines instructor-facilitated online teaching and demonstrations with hands-on labs. We work closely with over 35 original equipment manufacturers and industry brand partners to understand their needs for qualified service professionals. Revenues generated from our schools consist primarily of tuition and fees paid by students. To pay for a substantial portion of their tuition, the majority of students rely on funds received from federal financial aid programs under Title IV Programs of the Higher Education Act of 1965, as amended (“HEA”), as well as from various veterans’ benefits programs. For further discussion, see Note 2 on “Summary of Significant Accounting Policies - Concentration of Risk” and Note 24 on “Government Regulation and Financial Aid.”

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements include the accounts of UTI and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions. Such estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates and assumptions, including those related to revenue recognition, the proprietary loan program, allowance for uncollectible accounts, investments, property and equipment, goodwill recoverability, self-insurance claim liabilities, income taxes, contingencies and stock-based compensation. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. The results of our analysis form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions, and the impact of such differences may be material to our consolidated financial statements. Revenue Recognition Postsecondary education Revenues consist primarily of student tuition and fees derived from the programs we provide after reductions are made for discounts and scholarships that we sponsor and for refunds for students who withdraw from our programs prior to specified dates. We apply the five-step model outlined in Accounting Standards Codification Topic 606, Revenue from Contracts from Customers (“ASC 606”). Tuition and fee revenue is recognized ratably over the term of the course or program offered. Approximately 99% of our revenues for each of the years ended September 30, 2022, 2021 and 2020, respectively, consisted of gross tuition. The majority of our UTI programs are designed to be completed in 36 to 90 weeks while our MIAT programs are completed in 28 to 96 weeks. Our advanced training programs range from 12 to 23 weeks in duration. We supplement our revenues with sales of textbooks and program supplies and other revenues, which are recognized as the transfer of goods or services occurs. Deferred revenue represents the excess of tuition and fee payments received as compared to tuition and fees earned and is reflected as a current liability in our consolidated balance sheets because it is expected to be earned within the next 12 months. Other We provide dealer technician training or instructor staffing services to manufacturers. Revenues are recognized as transfer of the services occurs. Proprietary Loan Program In order to provide funding for students who are not able to fully finance the cost of their education under traditional governmental financial aid programs, commercial loan programs or other alternative sources, we established a private loan program with a bank. Through the proprietary loan program, the bank provides the students who participate in this program with extended payment terms for a portion of their tuition. Based on historical collection rates, we can demonstrate that a portion of these loans are collectible. Accordingly, we recognize tuition and loan origination fees financed by the loan and any related interest revenue under the effective interest method required under the loan based on this collection rate. Under the terms of the proprietary loan program, the bank originates loans for our students who meet specific credit criteria with the related proceeds used exclusively to fund a portion of their tuition. We then purchase all such loans from the bank at least monthly and assume all of the related credit risk. The loans bear interest at market rates ranging from approximately 7% to 10%; however, principal and interest payments are not required until six months after the student completes or withdraws from his or her program. After the deferral period, monthly principal and interest payments are required over the related term of the loan. The repayment term is up to 10 years. The bank provides these services in exchange for a fee at a percentage of the principal balance of each loan and related fees. Under the terms of the related agreement, we transfer funds for loan purchases to a deposit account with the bank in advance of the bank funding the loan, which secures our related loan purchase obligation. Such funds are classified as restricted cash in our consolidated balance sheet. All related expenses incurred with the bank or other service providers are expensed as incurred within educational services and facilities expense and were approximately $1.1 million, $1.1 million, and $0.9 million for the years ended September 30, 2022, 2021, and 2020, respectively. The portion of tuition revenue related to the proprietary loan program is considered a form of variable consideration. We estimate the amount we ultimately expect to collect from the portion of tuition that is funded by the proprietary loan program, resulting in a note receivable. Estimating the collection rate requires significant management judgment. Upon adoption of ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) as of October 1, 2020, we revised our estimated collection rate to only include historical collections from the past ten years as we determined that such population better represents our current expected collections and aligns with the typical term of the loan. The estimated amount is determined at the inception of the contract, and we recognize the related revenue as the student progresses through school. Each reporting period, we update our assessment of the variable collection rate associated with the proprietary loan program. Restricted Cash Restricted cash includes funds held as collateral for certain of the surety bonds that our insurers issue on behalf of our campuses and admissions representatives with multiple states which are required to maintain authorization to conduct our business, funds transferred in advance of loan purchases under the proprietary loan program and funds held for students from Title IV financial aid program funds that result in credit balances on a student’s account. Allowance for Uncollectible Accounts We maintain an allowance for uncollectible accounts for estimated losses resulting from the inability, failure or refusal of our students to make required payments. We offer a variety of payment plans to help students pay that portion of their education expenses not covered by financial aid programs or alternate fund sources, which are unsecured and not guaranteed. Management analyzes accounts receivable, historical percentages of uncollectible accounts, customer credit worthiness and changes in payment history when evaluating the adequacy of the allowance for uncollectible accounts. We use an internal group of collectors, augmented by third party collectors as deemed appropriate, in our collection efforts. Although we believe that our allowance is adequate, if the financial condition of our students deteriorates, resulting in their ability to make payments, or if we underestimate the allowances required, additional allowances may be necessary, which would result in increased selling, general and administrative expenses in the period such determination is made. Property and Equipment Property, equipment and leasehold improvements are recorded at cost less accumulated depreciation and amortization. Depreciation and amortization expense are calculated using the straight-line method over the estimated useful lives of the related assets. Amortization of leasehold improvements is calculated using the straight-line method over the remaining useful life of the asset or term of lease, whichever is shorter. Costs relating to software developed for internal use and curriculum development are capitalized and amortized using the straight-line method over the related estimated useful lives. Such costs include direct costs of materials and services as well as payroll and related costs for employees who are directly associated with the projects. Maintenance and repairs are expensed as incurred. We review the carrying value of our property and equipment for possible impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. We evaluate our long-lived assets for impairment by examining estimated future cash flows. These cash flows are evaluated by using probability weighting techniques as well as comparisons of past performance against projections. Assets may also be evaluated by identifying independent market values. If we determine that an asset’s carrying value is impaired, we will write-down the carrying value of the asset to its estimated fair value and charge the impairment as an operating expense in the period in which the determination is made. There were no impairment charges recorded for property and equipment for the years ended September 30, 2022, 2021 and 2020. Goodwill and Intangible Assets We test goodwill and indefinite-lived intangible assets for impairment annually as of August 1, or more frequently if events and circumstances warrant. Under ASC 350, Intangibles - Goodwill and Other , to evaluate the impairment of goodwill, we first assess qualitative factors, such as deterioration in the operating performance of the acquired business, adverse market conditions, adverse changes in the applicable laws or regulations and a variety of other circumstances, to determine whether it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount. To evaluate the impairment of the indefinite-lived intangible assets, we assess the fair value of the assets to determine whether they were greater or less than the carrying values. If we conclude that it is more likely than not that the fair value is less than the carrying amount based on our qualitative assessment, or that a qualitative assessment should not be performed, we proceed with the quantitative impairment tests to compare the estimated fair value of the reporting unit to the carrying value of its net assets. Determining the fair value of indefinite-lived intangible assets is judgmental in nature and involves the use of significant estimates and assumptions. We believe the most critical assumptions and estimates in determining the estimated fair value of our reporting units include, but are not limited to, future tuition revenues, operating costs, working capital changes, capital expenditures and a discount rate. The assumptions used in determining our expected future cash flows consider various factors such as historical operating trends particularly in student enrollment and pricing and long-term operating strategies and initiatives. There were no indicators of impairment for our goodwill as of September 30, 2022. During the fourth quarter of 2022, in conjunction with our growth and diversification initiatives, we completed a branding study. We reviewed the results of this study and determined that the useful life of the MIAT trademarks and trade name was no longer indefinite and a four-year finite useful life was more appropriate. We completed the required impairment testing when changing from an indefinite to a finite useful life for an intangible asset and determined that the carrying value of the MIAT trademarks and trade name exceeded its fair value. We determined the fair value of intangible asset to be $1.0 million using the relief from royalty method and recorded an intangible asset impairment charge of $2.0 million during the year ended September 30, 2022. Actual results may differ from the amounts included in our assessment, which could result in additional impairment of our intangible assets in the future. There were no impairment charges related to intangible assets recorded for the years ended September 30, 2021 and 2020 and no impairments for the remaining intangible assets in 2022. We also have definite-lived intangible assets, which primarily consist of purchased intangibles and capitalized curriculum development costs. The definite-lived intangible assets are recognized at cost less accumulated amortization. Amortization is computed using the straight-line method based on estimated useful lives of the related assets. See Note 10 and Note 11 for additional details on our goodwill and intangible assets. Self-Insurance Plans We are self-insured for claims related to employee health and dental care and claims related to workers’ compensation. Liabilities associated with these plans are estimated by management with consideration of our historical loss experience, severity factors and independent actuarial analysis. Our claim liabilities are based on estimates, and while we believe the amounts accrued are adequate, the ultimate losses may differ from the amounts provided. Our recorded net liability related to self-insurance plans was $3.3 million as of September 30, 2022. Leases We lease the majority of our administrative and educational facilities under operating lease agreements. Upon adoption of Accounting Standards Codification Topic 842, Leases (“ASC 842”) as of October 1, 2019, we derecognized our previously recorded deferred rent balance. ASC 842 requires lessees to recognize a right-of-use (“ROU”) asset and a lease liability on the balance sheet for substantially all leases, with the exception of short-term leases. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of income. We adopted ASC 842 under a modified retrospective method without the recasting of comparative periods’ financial information. To determine if a contract is or contains a lease, we considered whether (1) explicitly or implicitly identified assets have been deployed in the contract and (2) we obtain substantially all of the economic benefits from the use of that underlying asset and direct how and for what purpose the asset is used during the term of the contract. If we determine a contract is, or contains, a lease, we assess whether the contract contains multiple lease components. We consider a lease component to be separate from other lease components in the contract if (a) we can benefit from the right of use either on its own or together with other resources that are readily available to us and (b) the right of use is neither highly dependent on nor highly interrelated with the other right(s) to use underlying assets in the contract. In contracts involving the use of real estate, we separate the right to use land from other underlying assets unless the effect of separating the land is insignificant to the resulting lease accounting. We have elected to account for the lease and non-lease components as a single lease component. For all leases we are a party to, the discount rate implicit in the lease was not readily determinable. Therefore, we used our incremental borrowing rate for each lease to determine the present value of the lease. We determined the incremental borrowing rate applicable to each lease through a model that represents the rate of interest we would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. The incremental borrowing rate was applied to each lease based on the remaining term of the lease. See Note 13 for additional disclosures on our leases. Advertising Costs Costs related to advertising are expensed as incurred and totaled approximately $51.5 million, $38.7 million, and $39.7 million for the years ended September 30, 2022, 2021, and 2020, respectively. Stock-Based Compensation Historically, we have issued restricted stock units and stock options. All restricted stock units are subject to service vesting conditions, while some are also subject to performance conditions. We measure all share-based payments to employees at estimated fair value. We recognize the compensation expense for restricted stock units with only service conditions on a straight-line basis over the requisite service period. We granted restricted stock units with service only conditions (“RSUs”) and restricted stock units with both service and performance conditions (“PSUs”) during the years ended September 30, 2022, 2021 and 2020. We did not grant any stock options during the years ended September 30, 2022, 2021 and 2020. Shares issued under our equity compensation plans are new shares. Compensation expense associated with RSUs, PSUs or stock options is measured based on the grant date fair value of our common stock. The requisite service period for RSUs and PSUs is generally the vesting period. We estimate the fair value of PSUs using a Monte Carlo simulation which requires assumptions for expected volatility, risk-free rates of return, and dividend yields. Expected volatilities are derived using a method that calculates historical volatility over a period equal to the length of the measurement period for UTI. We use a risk-free rate of return that is equal to the yield of a zero-coupon U.S. Treasury bill that is commensurate with each measurement period, and we assume that any dividends paid were reinvested. Actual results against the performance condition are measured at the end of the performance period, which typically coincides with the vesting period. The fair value of the PSUs is amortized on a straight-line basis over the requisite service period based upon the fair market value on the date of grant, adjusted on a quarterly basis for the anticipated or actual achievement against the established performance condition. We estimate the fair value of each stock option grant on the date of grant using the Black-Scholes option-pricing model. The estimated fair value is affected by our stock price, as well as assumptions regarding a number of complex and subjective variables, including, but not limited to, our expected stock price volatility, the expected term of the awards and actual and projected employee stock exercise behaviors. We evaluate our assumptions on the date of each grant. Stock-based compensation expense of $4.4 million, $1.8 million and $2.1 million was recorded for the years ended September 30, 2022, 2021 and 2020, respectively. The tax benefit related to stock-based compensation recognized was $1.1 million, $0.5 million, and $0.5 million for the years ended September 30, 2022, 2021 and 2020, respectively. See Note 20 for further discussion. Income Taxes We recognize deferred tax assets and liabilities for the estimated future tax consequences of events attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. We also recognize deferred tax assets for net operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the differences are expected to be recovered or settled. Deferred tax assets are reduced through a valuation allowance if it is more likely than not that the deferred tax assets will not be realized. See Note 17 for additional details. Concentration of Risk Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, restricted cash, short-term held-to-maturity investments and receivables. As of September 30, 2022, we held cash and cash equivalents of $66.5 million, restricted cash of $3.5 million, and held-to-maturity investments of $28.9 million. We place our cash and cash equivalents, restricted cash, and held-to-maturity investments with high quality financial institutions and limit the amount of credit exposure with any one financial institution. We mitigate the concentration risk of our investments by limiting the amount invested in any one issuer. We mitigate the risk associated with our investment in corporate bonds by requiring a minimum credit rating of A. We have the ability and intention to hold our short-term investments until maturity and therefore have classified these investments as held-to-maturity and recorded them at amortized cost. We extend credit for tuition and fees, for a limited period of time, to a majority of our students. A substantial portion is repaid through the student’s participation in federally funded financial aid programs. Transfers of funds from the financial aid programs to us are made in accordance with the ED requirements. Approximately 67% of our revenues, on a cash basis, were collected from funds distributed under Title IV Programs for the year ended September 30, 2022 as calculated under the 90/10 rule. Additionally, approximately 13% of our revenues, on a cash basis, were collected from funds distributed under various veterans benefits programs for the year ended September 30, 2022. The financial aid and veterans benefits programs are subject to political and budgetary considerations. There is no assurance that such funding will be maintained at current levels. Extensive and complex regulations govern the financial assistance programs in which our students participate. Our administration of these programs is periodically reviewed by various regulatory agencies. Any regulatory violation could be the basis for the initiation of potential adverse actions, including a suspension, limitation, placement on reimbursement status or termination proceeding, which could have a material adverse effect on our business. ED and other regulators have increased the frequency and severity of their enforcement actions against postsecondary schools which have resulted in the imposition of material liabilities, sanctions, letter of credit requirements and other restrictions and, in some cases, resulted in the loss of schools’ eligibility to receive Title IV funds or in closure of the schools. If any of our institutions were to lose its eligibility to participate in federal student financial aid programs, the students at that institution would lose access to funds derived from those programs and would have to seek alternative sources of funds to pay their tuition and fees. Students obtain access to federal student financial aid through an ED prescribed application and eligibility certification process. Student financial aid funds are generally made available to students at prescribed intervals throughout their predetermined expected length of study. Students typically apply the funds received from the federal financial aid programs to pay their tuition and fees. The transfer of funds is from the financial aid program to the student, who then uses those funds to pay for a portion of the cost of their education. The receipt of financial aid funds reduces the student’s amounts due to us and has no impact on revenue recognition, as the transfer relates to the source of funding for the costs of education, which may occur either through Title IV or other funds and resources available to the student. Fair Value of Financial Instruments The carrying value of cash equivalents, restricted cash, held-to-maturity investments, accounts receivable, accounts payable, accrued liabilities and deferred tuition approximates their respective fair value as of September 30, 2022 and 2021 due to the short-term nature of these instruments. Start-up Costs Costs related to the start-up of new campuses and programs are expensed as incurred. Derivative Financial Instruments On occasion, we may use interest rate swaps to manage interest rate risk and limit the impact of future interest rate changes on earnings and cash flows, primarily with variable-rate debt. We do not use derivative financial instruments for trading or speculative purposes. We recognize all derivatives at fair value within the line items “Other current assets,” “Other assets,” “Other current liabilities,” and “Other liabilities” on the consolidated balance sheet. Management reviews our derivative positions and overall risk management strategy on a regular basis. We only enter into transactions that we believe will be highly effective at offsetting the underlying risk, and we do not use derivatives for trading or speculative purposes. We may choose to designate our derivative financial instruments, which are generally interest rate swaps, to hedge future interest payments on variable debt. At inception of the transaction, we formally designate and document the derivative financial instrument as a hedge of a specific underlying exposure, the risk management objective, and strategy for undertaking the hedge transaction. We formally assess both at inception and at least quarterly thereafter, the effectiveness of our hedging transactions. Due to the high degree of effectiveness between the hedging instruments and the underlying exposures hedged, fluctuations in the value of the derivative financial instruments will generally be offset by the changes in the cash flows or fair value of the underlying exposures being hedged. Changes in the fair value of derivatives that are designated and qualify as cash flow hedges are recorded in “Accumulated other comprehensive income (loss)” on the consolidated balance sheets. For cash flow hedges, we report the effective portion of the gain or loss as a component of “Accumulated other comprehensive income (loss)” and reclassify it to “Interest expense” in the consolidated statements of operations over the corresponding period of the underlying hedged item. The ineffective portion of the change in fair value of a derivative financial instrument is recognized in “Interest expense” at the time the ineffectiveness occurs. To the extent the hedged forecasted interest payments on debt related to our interest rate swap is paid off, the remaining balance in “Accumulated other comprehensive income (loss)” is recognized in “Interest expense” in the consolidated statements of operations. See Note 16 for additional disclosures related to our derivative financial instruments. Reclassifications Due to the acquisition of MIAT on November 1, 2021, which is described in further detail in Note 4, we added a new line to the consolidated balance sheet: “Intangible Assets.” We have presented the intangible assets arising from the MIAT acquisition as well as the previously recorded intangible assets in this line. As of September 30, 2021, $0.1 million of intangible assets was reclassified from “Other assets” to “Intangible assets” on the consolidated balance sheet for comparable presentation. Certain other prior year amounts have been reclassified to conform to current year presentation in our Income taxes disclosures included in Note 17.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Sep. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Effective in Fiscal 2022 In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). The amendments in ASU 2019-12 simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. We have evaluated the new guidance and determined that there is no material impact on our results of operations, financial condition and financial statement disclosures. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (“ASU 2021-08”). The amendments in ASU 2021-08 require that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts from Customers (“ASC 606”). At the acquisition date, an acquirer should account for the related revenue contracts in accordance with ASC 606 as if it had originated the contracts. To achieve this, an acquirer may assess how the acquiree applied ASC 606 to determine what to record for the acquired revenue contracts. Generally, this should result in an acquirer recognizing and measuring the acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements (if the acquiree financial statements were prepared in accordance with generally accepted accounting principles). For public business entities, the amendments in ASU 2021-08 are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption of ASU 2021-08 is permitted, including adoption in an interim period. An entity that early adopts in an interim period should apply the amendments (1) retrospectively to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early application and (2) prospectively to all business combinations that occur on or after the date of initial application. Due to the MIAT acquisition on November 1, 2021, we have elected to early adopt ASU 2021-08 as of October 1, 2021 and have applied the guidance in ASU 2021-08 to the deferred revenue recorded for MIAT. See Note 4 for further information on the acquisition of MIAT. Accounting Pronouncements Not Yet Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting

Acquisition MIAT College of Tec

Acquisition MIAT College of Technology	12 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisition MIAT College of Technology	Acquisition MIAT College of Technology On November 1, 2021, we completed the acquisition contemplated by the previously announced Stock Purchase Agreement (the “Purchase Agreement”), dated March 29, 2021, by and among UTI, HCP Ed Holdings, LLC, a Delaware limited liability company (“Seller”), HCP Ed Holdings, Inc., a Delaware corporation and wholly owned subsidiary of Seller (“HCP”), and Michigan Institute of Aeronautics, Inc. d/b/a MIAT, a Michigan corporation and wholly subsidiary of HCP. MIAT is a post-secondary school that offers vocational and technical certificates and degrees across aviation maintenance, energy technology, wind energy technology, robotics and automation, non-destructive testing, heating ventilation air conditioning and refrigeration (“HVACR”), and welding disciplines. HCP is MIAT’s holding company that owns no assets other than the issued and outstanding shares of MIAT. The acquisition is part of our growth and diversification strategy and allows us to expand MIAT programs throughout UTI brand campuses and extend UTI’s presence and programs into the Canton, MI market where MIAT has been for over 50 years. Other expected synergies include operating and purchasing cost efficiencies and broadening the opportunity for student growth at the acquired MIAT campuses by leveraging our high school and national marketing and admissions infrastructure. Under the terms of the Purchase Agreement, we acquired all of the issued and outstanding shares of capital stock of HCP from the Seller for $26.0 million base purchase price plus $2.8 million working capital surplus for total cash consideration paid of $28.8 million. As a result, HCP is now a wholly owned subsidiary of UTI and MIAT remains as a wholly owned subsidiary of HCP. The consideration paid was funded by available operating cash. In connection with this acquisition, we incurred total transaction costs of $1.7 million of which $0.9 million were incurred during the year ended September 30, 2022 and $0.8 million during the year ended September 30, 2021. In both periods, these costs are included in “Selling, general and administrative” expenses in the consolidated statements of operations. Under the acquisition method of accounting, the total purchase price was allocated to the identifiable assets acquired and the liabilities assumed based on our valuation estimates of the fair values as of the acquisition date. As we have finalized the related tax returns, there will be no further adjustments to the carrying value of the respective recorded assets and liabilities, or residual amount allocated to goodwill. The final allocation of the purchase price at November 1, 2021 is summarized as follows: Assets acquired: Cash and cash equivalents $ 2,301 Accounts receivable, net 3,230 Prepaid expenses 268 Other current assets 507 Property and equipment 3,043 Goodwill 8,637 Intangible assets 16,200 Right-of-use assets for operating leases 14,979 Other assets 314 Total assets acquired $ 49,479 Less: Liabilities assumed Accounts payable and accrued expenses $ 1,720 Deferred revenue 1,843 Operating lease liability, current portion 817 Deferred tax liabilities, net 1,975 Operating lease liability 14,216 Other liabilities 93 Total liabilities assumed 20,664 Net assets acquired $ 28,815 The goodwill of $8.6 million arising from the acquisition consists largely of the growth and operating synergies expected from integrating MIAT into UTI. The total amount of goodwill expected to be deductible for tax purposes is approximately $0.6 million. See Note 10 for additional details on goodwill. The purchase price allocation requires subjective estimates that, if incorrectly estimated, could be material to our consolidated financial statements including the amount of depreciation and amortization expense. The fair value of the tangible assets was estimated using the cost approach. The intangible assets acquired, which primarily consists of the accreditations and regulatory approvals, trademarks and trade names, and curriculum, were valued using different valuation techniques depending upon the nature of the intangible asset acquired. The accreditations and regulatory approvals were valued using the multiperiod excess earnings method (“MPEEM”) under the income approach. The MPEEM is a variation of discounted cash-flow analysis. Rather than focusing on the whole entity, the MPEEM isolates the cash flows that can be associated with a single intangible asset and measures fair value by discounting them to present value. The trademarks and trade names were valued using the relief from royalty method. The value of the trade name encompasses all items necessary to generate revenue utilizing the trade name. The curriculum was valued using the cost approach. See Note 11 for further details on the intangible assets recorded. As previously discussed in Note 3, we early adopted ASU 2021-08 and applied the new guidance when recording the initial deferred revenue. Pro forma financial information is not presented as the fiscal 2021 revenues and earnings of MIAT are not material to our consolidated statements of operations. MIAT’s principal business is providing postsecondary education and is included in our “Postsecondary Education” reporting unit disclosed in Note 23 on Segments. MIAT’s corporate expenses are allocated to “Postsecondary Education” and the “Other” category based on compensation expense.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers Nature of Goods and Services See Note 2 for a description of the nature of revenues. Postsecondary Education Revenues consist primarily of student tuition and fees derived from the programs we provide after reductions are made for discounts and scholarships that we sponsor and for refunds for students who withdraw from our programs prior to specified dates. We apply the five-step model outlined in ASC 606. Tuition and fee revenue is recognized ratably over the term of the course or program offered. The majority of our UTI programs are designed to be completed in 36 to 90 weeks while our MIAT programs are completed in 28 to 96 weeks. Our advanced training programs range from 12 to 23 weeks in durations. We supplement our revenues with sales of textbooks and program supplies and other revenues, which are recognized as the transfer of goods or services occurs. Deferred revenue represents the excess of tuition and fee payments received as compared to tuition and fees earned and is reflected as a current liability in our consolidated balance sheets because it is expected to be earned within the next 12 months. Additionally, certain students participate in the proprietary loan program that extends repayment terms for their tuition. We purchase said loans from the lender and, based on historical collection rates, believe a portion of these loans are collectible. Accordingly, we recognize tuition and loan origination fees financed by the loan and any related interest revenue under the effective interest method required under the loan based on the amount we expect to collect, and we recognize these revenues ratably over the term of the course or program offered. Other We provide dealer technician training or instructor staffing services to manufacturers. Revenues are recognized as transfer of the services occurs. We provide postsecondary education and other services in the same geographical market, the United States. The impact of economic factors on the nature, amount, timing and uncertainty of revenue and cash flows is consistent among our various postsecondary education programs. See Note 23 for disaggregated segment revenue information. Contract Balances Contract assets primarily relate to our rights to consideration for a student’s progress through our training program in relation to our services performed but not billed at the reporting date. The contract assets are transferred to the receivables when the rights become unconditional. Currently, we do not have any contract assets that have not transferred to a receivable. Our deferred revenue is considered a contract liability and primarily relates to our enrollment agreements where we received payments for tuition but we have not yet delivered the related training programs to satisfying the related performance obligations. The advance consideration received from students or Title IV funding is deferred revenue until the training program has been delivered to the students. The following table provides information about receivables and deferred revenue resulting from our enrollment agreements with students: September 30, 2022 2021 Receivables, which includes tuition and notes receivable $ 46,826 $ 46,489 Deferred revenue $ 54,223 $ 57,648

Receivables, net

Receivables, net	12 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Receivables, net	Receivables, net Receivables, net consist of the following: September 30, 2022 2021 Tuition receivables $ 18,931 $ 16,265 Other receivables 3,153 3,673 Total receivables 22,084 19,938 Less: allowance for uncollectible accounts (5,634) (2,787) Receivables, net $ 16,450 $ 17,151 The allowance for uncollectible accounts is estimated using our historical write-off experience applied to the receivable balances for students who are no longer attending school due to graduation or withdrawal or who are in school and have receivable balances in excess of financial aid available to them. We write off receivable balances against the allowance for uncollectible accounts at the time we transfer the balance to a third-party collection agency. The following table summarizes the activity for our allowance for uncollectible accounts for the years ended September 30, 2022, 2021 and 2020: Year Ended September 30, 2022 2021 2020 Balance at beginning of period $ 2,787 $ 1,793 $ 1,097 Additions due to opening balance of MIAT acquisition 1,682 — — Additions to bad debt expense 2,510 1,718 1,767 Write-offs of uncollectible accounts (1,345) (724) (1,071) Balance at end of period $ 5,634 $ 2,787 $ 1,793

Investments

Investments	12 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	Investments In July 2022, we invested a portion of our cash and cash equivalents in short-term investments which primarily consist of corporate and municipal bonds with a minimum credit rating of A. We have the ability and intention to hold these investments until maturity and therefore have classified these investments as held-to-maturity and recorded them at amortized cost and presented them in “Held-to-maturity investments” on our consolidated balance sheet as of September 30, 2022. The amortized cost, gross unrealized gains or losses, and fair value of held-to-maturity investments at September 30, 2022 are noted in the table below. As of September 30, 2021, there were no outstanding held-to-maturity investments. September 30, 2022 Gross Unrealized Estimated Fair Due in less than 1 year: Amortized Cost Gains Losses Market Value Corporate, municipal bonds and other $ 28,918 $ — $ (19) $ 28,899

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The accounting framework for determining fair value includes a hierarchy for ranking the quality and reliability of the information used to measure fair value, which enables the reader of the financial statements to assess the inputs used to develop those measurements. The fair value hierarchy consists of three tiers: Level 1: Defined as quoted market prices in active markets for identical assets or liabilities. Level 2: Defined as inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, model-based valuation techniques for which all significant assumptions are observable in the market or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Defined as unobservable inputs that are not corroborated by market data. Any transfers of investments between levels occurs at the end of the reporting period. Assets measured or disclosed at fair value on a recurring basis consisted of the following: Fair Value Measurements Using September 30, 2022 Quoted Prices Significant Significant Money market funds (1) $ 23,439 $ 23,439 $ — $ — Notes receivable (2) 35,872 — — 35,872 Corporate bonds, municipal bonds, and other (3) 28,899 28,899 — — Total assets at fair value on a recurring basis $ 88,210 $ 52,338 $ — $ 35,872 Fair Value Measurements Using September 30, 2021 Quoted Prices Significant Significant Money market funds (1) $ 62,100 $ 62,100 $ — $ — Notes receivable (2) 36,124 — — 36,124 Total assets at fair value on a recurring basis $ 98,224 $ 62,100 $ — $ 36,124 (1) Money market funds and other highly liquid investments with maturity dates less than 90 days are reflected as “Cash and cash equivalents” in our consolidated balance sheets as of September 30, 2022 and 2021. (2) Notes receivable relate to the proprietary loan program and are reflected as “Notes receivable, current portion” and “Notes receivable, less current portion” in our consolidated balance sheets as of September 30, 2022 and 2021. See Note 2 for further discussion over the proprietary loan program. (3) Corporate bonds, municipal bonds and other are reflected as “Held-to-maturity investments” in our consolidated balance sheet as of September 30, 2022.

Property and Equipment, net

Property and Equipment, net	12 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consisted of the following: September 30, Depreciable Lives (in years) 2022 2021 Land — $ 16,603 $ 8,355 Building and building improvements 3-30 126,244 71,036 Leasehold improvements 1-20 86,751 63,502 Training equipment 3-10 96,907 91,191 Office and computer equipment 3-10 31,900 31,718 Curriculum development 5 20,130 19,692 Software developed for internal use 1-5 12,150 12,524 Vehicles 5 1,458 1,436 Right-of-use assets for finance leases 2-3 215 215 Construction in progress — 16,359 10,171 408,717 309,840 Less: accumulated depreciation and amortization (194,425) (187,789) Property and equipment, net $ 214,292 $ 122,051 Depreciation expense related to property and equipment was $16.8 million and $14.0 million for years ended September 30, 2022 and 2021, respectively. Acquisition of Lisle On February 11, 2022, we completed the acquisition of 2611 Corporate West Drive Venture LLC (“2611”) which owns our Lisle, Illinois campus (the “Lisle Campus”). Prior to the acquisition, we had a 28% interest in 2611 through our unconsolidated affiliate, as described in Note 12, and previously leased the campus from 2611. The total cash consideration paid, including transaction related costs, for the remaining 72% interest in 2611 was $28.7 million. In addition to the cash consideration paid, we assumed $18.3 million in debt for a loan agreement with a third-party bank that was secured by a mortgage on the Lisle Campus. The total net assets recorded for the transaction equals $33.2 million, of which $8.2 million was allocated to land, $43.3 million was allocated to buildings, and $18.3 million was allocated to debt. Additionally, prior to the acquisition of 2611, there was $4.0 million in leasehold improvements recorded for the Lisle Campus which we have reclassified to building and building improvements.

Goodwill

Goodwill	12 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Our goodwill balance of $16.9 million as of September 30, 2022 represents the excess of the cost of an acquired business over the estimated fair values of the assets acquired and liabilities assumed. The changes in the carrying value of goodwill for the years ended September 30, 2022 and 2021 are presented in the table below. Year ended September 30, 2022 2021 Balance at beginning of period $ 8,222 $ 8,222 Additions to Goodwill for acquisition of MIAT 8,637 — Balance at end of period $ 16,859 $ 8,222 Of the $16.9 million recorded as goodwill as of September 30, 2022, $8.6 million relates to the acquisition of MIAT as of November 1, 2021 as previously described in Note 4, and $8.2 million resulted from the acquisition of our motorcycle and marine education business in Orlando, Florida in 1998. All of the goodwill relates to our Postsecondary Education reportable operating segment. Goodwill is reviewed at least annually for impairment, which may result from the deterioration in the operating performance of the acquired businesses, adverse market conditions, adverse changes in applicable laws or regulations and a variety of other circumstances. Historically, this testing has been performed as of September 30 of each fiscal year. E ffective as of October 1, 2021, we determined that our goodwill will be tested annually for impairment as of August 1 and more frequently if events or circumstances lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. We do not consider this change to be material and believe that the timing is preferable as it allows additional time to complete the annual assessment in advance of the annual reporting deadline. This change in assessment date did not delay, accelerate, or cause avoidance of a potential impairment charge. T here were no indicators of goodwill impairment as of September 30, 2022

Intangible Assets, net

Intangible Assets, net	12 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, net	Intangible Assets, net The following table provides the gross carrying value, accumulated amortization, net book value and remaining useful life for intangible assets subject to amortization as of September 30, 2022: Gross Carrying Value Accumulated Amortization Net Book Value Weighted Average Remaining Useful Life (Years) Accreditations and regulatory approvals - MIAT $ 12,800 $ — $ 12,800 Indefinite Trademarks and trade names - MIAT 1,000 — 1,000 4.00 Curriculum - MIAT 400 (73) 327 4.08 Non-compete agreement and trade name 442 (354) 88 2.58 Total $ 14,642 $ (427) $ 14,215 3.93 Of the $14.6 million gross carrying value recorded as intangible assets as of September 30, 2022, $14.2 million relates to the MIAT acquisition completed on November 1, 2021 as previously described in Note 4, and $0.4 million relates to previously recorded non-complete agreements and trade names. The remaining weighted average useful lives shown are calculated based on the net book value and remaining amortization period of each respective intangible asset. Amortization is computed using the straight-line method based on estimated useful lives of the related assets. Amortization expense related to finite-lived intangible assets was $108.8 thousand and $35.5 thousand for the years ended September 30, 2022 and 2021, respectively. As discussed in Note 2, we determined the fair value of our MIAT trademarks and trade names intangible asset to be $1.0 million and recorded an intangible asset impairment charge of $2.0 million within “Selling, general and administrative” on the consolidated statement of operations during the year ended September 30, 2022. There were no impairment charges related to intangible assets recorded for the year ended September 30, 2021 or the other remaining intangible assets for the year ended September 30, 2022.

Investment in Unconsolidated Af

Investment in Unconsolidated Affiliate	12 Months Ended
	Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Affiliate	Investment in Unconsolidated Affiliate In 2012, we invested $4.0 million to acquire an equity interest of approximately 28% in a joint venture (“JV”) related to the lease of our Lisle, Illinois campus facility which was accounted for under the equity method of accounting. As discussed in Note 9, in February 2022, this JV was dissolved and we acquired the building, land and debt associated with this campus through the acquisition of the 2611 entity. Our equity in earnings of unconsolidated affiliates was $0.1 million for the year ended September 30, 2022, and $0.4 million for the years ended 2021 and 2020. Investment in unconsolidated affiliate is included within “Other assets” on our consolidated balance sheets as noted below: September 30, 2022 2021 Carrying Value Ownership Percentage Carrying Value Ownership Percentage Investment in JV $ — — % $ 4,627 28.0 % Investment in our unconsolidated affiliate included the following activity during the period: Year ended September 30, 2022 2021 Balance at beginning of period $ 4,627 $ 4,494 Equity in earnings of unconsolidated affiliate 113 410 Return of capital contribution from unconsolidated affiliate (188) (277) Dissolution of unconsolidated affiliate (4,552) — Balance at end of period $ — $ 4,627

Leases

Leases	12 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	Leases As of September 30, 2022, we lease 12 of our 16 campuses and our corporate headquarters under non-cancelable operating leases, some of which contain escalation clauses and requirements to pay other fees associated with the leases. Our facility leases have original lease terms ranging from 8 to 20 years and expire at various dates through 2036. In addition, the leases commonly include lease incentives in the form of rent abatements and tenant improvement allowances. We sublease certain portions of unused building space to third parties, which as of September 30, 2022, resulted in minimal income. All of the leases, other than those that may qualify for the short-term scope exception of 12 months or less, are recorded on our consolidated balance sheets. As previously discussed in Note 9, in February 2022 we purchased the 2611 entity which owns the Lisle Campus. While the lease for the Lisle Campus remains in place between the 2611 and UTI of Illinois, LLC entities, at the UTI, Inc consolidated level, the right-of-use asset and the operating lease liability for this campus were settled, resulting in a gain on settlement of $1.6 million which has been included within “Educational services and facilities” on our consolidated statement of operations for the year ended September 30, 2022. Some of the facility leases are subject to annual changes in the Consumer Price Index (“CPI”). While lease liabilities are not remeasured as a result of changes to the CPI, changes to the CPI are treated as variable lease payments and recognized in the period in which the obligation for those payments was incurred. Many of our lease agreements include options to extend the lease, which we do not include in our minimum lease terms unless they are reasonably certain to be exercised. There are no early termination with penalties, residual value guarantees, restrictions or covenants imposed by our facility leases. The components of lease expense are included in “Educational services and facilities” and “Selling, general and administrative” on the consolidated statement of operations, with the exception of interest on lease liabilities, which is included in “Interest expense.” The components of lease expense during the years ended September 30, 2022, 2021, and 2020 are presented below. The operating lease expense excludes expense for short-term leases not accounted for under ASC 842, which was not significant for the years ended September 30, 2022, 2021, or 2020. Year ended September 30, Lease Expense 2022 2021 2020 Operating lease expense $ 22,424 $ 22,623 $ 29,348 Finance lease expense: Amortization of leased assets 72 123 102 Interest on lease liabilities 2 6 7 Variable lease expense 5,469 3,682 4,120 Sublease income (155) (444) (744) Total net lease expense $ 27,812 $ 25,990 $ 32,833 Supplemental balance sheet, cash flow and other information related to our leases was as follows: September 30, Leases Classification 2022 2021 Assets: Operating lease assets Right-of-use assets for operating leases $ 132,038 $ 159,075 Finance lease assets Property and equipment, net (1) 22 94 Total leased assets $ 132,060 $ 159,169 Liabilities: Current Operating lease liabilities Operating lease liability, current portion $ 12,959 $ 14,075 Finance lease liabilities Long-term debt, current portion 23 73 Noncurrent Operating lease liabilities Operating lease liability 129,302 153,228 Finance lease liabilities Long-term debt — 23 Total lease liabilities $ 142,284 $ 167,399 (1) Finance lease assets are recorded net of accumulated amortization of $0.2 million and $0.1 million as of September 30, 2022 and 2021, respectively. September 30, Lease Term and Discount Rate 2022 2021 Weighted-average remaining lease term (in years): Operating leases 8.92 9.37 Finance leases 0.33 1.32 Weighted average discount rate: Operating leases 3.91 % 4.31 % Finance leases 3.08 % 3.08 % Year ended September 30, Supplemental Disclosure of Cash Flow Information and Other Information 2022 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 13,952 $ 20,469 $ 25,617 Financing cash flows from finance leases 73 119 99 Non-cash activity related to lease liabilities: Lease assets obtained in exchange for new operating lease liabilities $ 3,313 $ 30,017 $ 20,321 Leases assets obtained in exchange for new finance lease liabilities — — 215 Maturities of lease liabilities were as follows: As of September 30, 2022 Years ending September 30, Operating Leases Finance Leases 2023 $ 16,673 $ 23 2024 19,005 — 2025 19,228 — 2026 19,447 — 2027 19,469 — 2028 and thereafter 74,507 — Total lease payments 168,329 23 Less: interest (26,068) — Present value of lease liabilities 142,261 23 Less: current lease liabilities (12,959) (23) Long-term lease liabilities $ 129,302 $ — Related Party Transactions for Leases
Leases	Leases As of September 30, 2022, we lease 12 of our 16 campuses and our corporate headquarters under non-cancelable operating leases, some of which contain escalation clauses and requirements to pay other fees associated with the leases. Our facility leases have original lease terms ranging from 8 to 20 years and expire at various dates through 2036. In addition, the leases commonly include lease incentives in the form of rent abatements and tenant improvement allowances. We sublease certain portions of unused building space to third parties, which as of September 30, 2022, resulted in minimal income. All of the leases, other than those that may qualify for the short-term scope exception of 12 months or less, are recorded on our consolidated balance sheets. As previously discussed in Note 9, in February 2022 we purchased the 2611 entity which owns the Lisle Campus. While the lease for the Lisle Campus remains in place between the 2611 and UTI of Illinois, LLC entities, at the UTI, Inc consolidated level, the right-of-use asset and the operating lease liability for this campus were settled, resulting in a gain on settlement of $1.6 million which has been included within “Educational services and facilities” on our consolidated statement of operations for the year ended September 30, 2022. Some of the facility leases are subject to annual changes in the Consumer Price Index (“CPI”). While lease liabilities are not remeasured as a result of changes to the CPI, changes to the CPI are treated as variable lease payments and recognized in the period in which the obligation for those payments was incurred. Many of our lease agreements include options to extend the lease, which we do not include in our minimum lease terms unless they are reasonably certain to be exercised. There are no early termination with penalties, residual value guarantees, restrictions or covenants imposed by our facility leases. The components of lease expense are included in “Educational services and facilities” and “Selling, general and administrative” on the consolidated statement of operations, with the exception of interest on lease liabilities, which is included in “Interest expense.” The components of lease expense during the years ended September 30, 2022, 2021, and 2020 are presented below. The operating lease expense excludes expense for short-term leases not accounted for under ASC 842, which was not significant for the years ended September 30, 2022, 2021, or 2020. Year ended September 30, Lease Expense 2022 2021 2020 Operating lease expense $ 22,424 $ 22,623 $ 29,348 Finance lease expense: Amortization of leased assets 72 123 102 Interest on lease liabilities 2 6 7 Variable lease expense 5,469 3,682 4,120 Sublease income (155) (444) (744) Total net lease expense $ 27,812 $ 25,990 $ 32,833 Supplemental balance sheet, cash flow and other information related to our leases was as follows: September 30, Leases Classification 2022 2021 Assets: Operating lease assets Right-of-use assets for operating leases $ 132,038 $ 159,075 Finance lease assets Property and equipment, net (1) 22 94 Total leased assets $ 132,060 $ 159,169 Liabilities: Current Operating lease liabilities Operating lease liability, current portion $ 12,959 $ 14,075 Finance lease liabilities Long-term debt, current portion 23 73 Noncurrent Operating lease liabilities Operating lease liability 129,302 153,228 Finance lease liabilities Long-term debt — 23 Total lease liabilities $ 142,284 $ 167,399 (1) Finance lease assets are recorded net of accumulated amortization of $0.2 million and $0.1 million as of September 30, 2022 and 2021, respectively. September 30, Lease Term and Discount Rate 2022 2021 Weighted-average remaining lease term (in years): Operating leases 8.92 9.37 Finance leases 0.33 1.32 Weighted average discount rate: Operating leases 3.91 % 4.31 % Finance leases 3.08 % 3.08 % Year ended September 30, Supplemental Disclosure of Cash Flow Information and Other Information 2022 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 13,952 $ 20,469 $ 25,617 Financing cash flows from finance leases 73 119 99 Non-cash activity related to lease liabilities: Lease assets obtained in exchange for new operating lease liabilities $ 3,313 $ 30,017 $ 20,321 Leases assets obtained in exchange for new finance lease liabilities — — 215 Maturities of lease liabilities were as follows: As of September 30, 2022 Years ending September 30, Operating Leases Finance Leases 2023 $ 16,673 $ 23 2024 19,005 — 2025 19,228 — 2026 19,447 — 2027 19,469 — 2028 and thereafter 74,507 — Total lease payments 168,329 23 Less: interest (26,068) — Present value of lease liabilities 142,261 23 Less: current lease liabilities (12,959) (23) Long-term lease liabilities $ 129,302 $ — Related Party Transactions for Leases

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	12 Months Ended
	Sep. 30, 2022
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consisted of the following: September 30, 2022 2021 Accounts payable $ 21,746 $ 13,702 Accrued compensation and benefits 28,430 29,506 Other accrued expenses 13,328 11,189 Accounts payable and accrued expenses $ 63,504 $ 54,397

Debt

Debt	12 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt September 30, 2022 September 30, 2021 Interest Rate Maturity Date Carrying Value of Debt (6) Carrying Value of Debt (6) Avondale Term Loan (1) 4.56 % May 2028 $ 30,083 $ 30,886 Lisle Term Loan - VN (2) 4.51 % Apr 2029 38,000 — Lisle Term Loan - WA (3) 5.29 % Nov 2031 — — Finance leases (4) 3.08 % Various 23 96 Total debt 68,106 30,982 September 30, 2022 September 30, 2021 Interest Rate Maturity Date Carrying Value of Debt (6) Carrying Value of Debt (6) Debt issuance costs presented with debt (5) (568) (256) Total debt, net 67,538 30,726 Less: current portion of long-term debt (1,115) (876) Long-term debt $ 66,423 $ 29,850 (1) Interest on the Avondale Term Loan (as defined below) accrues at annual rate equal to the LIBOR plus 2.0%. (2) Interest on the Lisle Term Loan - VN (as defined below) accrues at annual rate equal to the SOFR plus 2.0%. (3) The Lisle Term Loan - WA (as defined below) was paid off and retired. (4) Our finance leases include finance lease arrangements related to various equipment with a weighted-average annual interest rate of approximately 3.08%, which mature in varying installments between 2022 and 2023. See Note 13 for additional details on our finance leases. (5) The unamortized debt issuance costs as of September 30, 2022 relate to the Avondale Term Loan and the Lisle Term Loan - VN. The unamortized debt issuance costs as of September 30, 2021 relate entirely to the Avondale Term Loan. (6) Our term loans and finance leases bear interest at rates commensurate with market rates and therefore the respective carrying values approximate fair value (Level 2). Avondale Term Loan In connection with the Avondale, Arizona building purchase in December 2020, we entered into a Credit Agreement with Fifth Third Bank, National Association (the “Lender”) on May 12, 2021 in the maximum principal amount of $31.2 million with a maturity of seven years (the “Term Loan”). The Term Loan bears interest at the rate of LIBOR plus 2.0%. Principal and interest payments are due monthly. The Term Loan is secured by a first priority lien on our Avondale, Arizona property, including all land and improvements. Additionally, on May 12, 2021, we entered into an interest rate swap agreement with the Lender that effectively fixes the interest rate on 50% of the principal amount of the Term Loan, or approximately $15.6 million, at 3.5% for the entire loan term. See Note 16 below for further discussion on the interest rate swap. We are subject to customary affirmative and negative covenants under the Credit Agreement, including, without limitation, certain reporting obligations and certain limitations on restricted payments, and limitations on liens, encumbrances and indebtedness. The Term Loan is also subject to certain financial maintenance covenants. The debt service coverage ratio shall not be less than 1.25 to 1.00 and is defined as the ratio of the sum of consolidated income (loss) for the year, to the extent deducted in determining income for such period, before income taxes, interest expense, amortization, depreciation and other non-cash charges including net stock-based compensation, fees and expenses related to potential acquisitions and expansion of operations and certain non-recurring charges, including relating to restructuring, business optimization and diversification strategy, less any extraordinary non-recurring gains, interest income and non-cash gains (“Consolidated EBITDA”) (less dividends payable on our Series A Preferred Stock) and other extraordinary items to the current portion of long-term debt and interest paid during the period being measured (which commenced on September 30, 2021 and is tested annually thereafter on a trailing 12-month basis). The funded debt to Consolidated EBITDA ratio is required to be no greater than 3.50 to 1.00 (which commenced on June 30, 2021 and is tested quarterly thereafter on a trailing 12-month basis). Beginning on May 12, 2024, the Lender may request new appraisals of the Avondale property in order to maintain the ratio of the amortized loan balance to the value of the location at 70%, the approximate ratio that existed at May 12, 2021. Events of default under the Credit Agreement include, among others, the failure to make payments when due, breach of covenants (including certain financial maintenance covenants) and breach of representations or warranties. If we fail to meet the minimum debt service coverage ratio, loan-to-value or debt yield and fail to cure such non-compliance within a time period acceptable to the Lender, we will be in default. As of September 30, 2022, we were in compliance with all debt covenants. Lisle Term Loan - WA As discussed in Note 9, in connection with the Lisle Campus purchase, we assumed a Loan Agreement with Western Alliance Bank on February 14, 2022 in the principal amount of $18.3 million, maturing in October 2031 (the “Lisle Term Loan - WA”). In April 2022, this term loan was repaid in full with proceeds from the Lisle Term Loan - VN, as discussed below. Lisle Term Loan - VN On April 14, 2022, 2611 (the “Borrower”) entered into a new Loan Agreement (“Lisle Loan Agreement - VN”) with Valley National Bank (the “Lisle Lender”), to fund the acquisition and retirement of the Lisle Term Loan - WA, via a term loan in the original principal amount of $38.0 million with a maturity of seven years (the “Lisle Term Loan - VN”). The Lisle Term Loan - VN bears interest at a rate of one-month Secured Overnight Financing Rate (“SOFR”) plus 2.0%. In connection with the Lisle Term Loan - VN, we entered into an interest rate swap agreement with the Lisle Lender that effectively fixes the interest rate on 50% of the principal amount of the Lisle Term Loan - VN, or $19.0 million, at 4.69% for the entire loan term. The Lisle Term Loan - VN is secured by a mortgage on the Lisle Campus and is guaranteed by the Company. As guarantor, the Company is subject to certain customary affirmative and negative covenants under the Lisle Loan Agreement - VN, including, without limitation, reporting and notice obligations and certain financial maintenance covenants. The Company’s fixed charge coverage ratio is required to be not less than 1.25 to 1.00 during the period being measured (which commences on June 30, 2022 and may be tested no more than quarterly thereafter on a trailing 12-month basis) and is defined as the ratio of (a) the sum of consolidated net income (loss) for the year, before interest expense, income taxes, depreciation and amortization, and other extraordinary non-recurring items (“Adjusted EBITDA”) plus rent paid to Borrower and less cash taxes paid, distributions, and unfinanced capital expenditures to (b) principal and interest expenses plus rent paid to Borrower. The ratio of total indebtedness to Adjusted EBITDA is required to be no greater than 3.50 to 1.00 (which commences on the date the Company shall submit its initial compliance certificate in accordance with the Loan Agreement and may be tested no more than annually thereafter on a trailing 12-month basis). In addition, the Borrower’s debt service coverage ratio is required to equal or exceed 1.20 to 1.00 during the period being measured (which commences on June 30, 2022 and may be tested no more than quarterly thereafter on a trailing 12-month basis) and is defined as the ratio of (a) net operating income of the Lisle Campus to (b) actual annual debt service due under the Loan Agreement. Events of default under the Loan Agreement include, among others, the failure to make payments when due, breach of covenants (including certain financial maintenance covenants) and breach of representations or warranties. If the Company fails to meet the minimum fixed charge coverage ratio or ratio of total indebtedness to Adjusted EBITDA and fails to cure such non-compliance within a time period acceptable to the Lender, the Company will be in default. As of September 30, 2022, we were in compliance with all debt covenants. Debt Maturities Scheduled principal payments due on our debt for each year through the period ended September 30, 2027, and thereafter were as follows at September 30, 2022: Maturity Term Loans Finance Leases Total 2023 $ 1,092 $ 23 $ 1,115 2024 1,672 — 1,672 2025 1,763 — 1,763 2026 1,836 — 1,836 2027 1,909 — 1,909 Thereafter 59,811 — 59,811 Subtotal 68,083 23 68,106 Debt issuance costs presented with debt (568) — (568) Total $ 67,515 $ 23 $ 67,538

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments In the normal course of business, our operations are exposed to market risks, including the effect of changes in interest rates. We may enter into derivative financial instruments to offset these underlying market risks. See Note 2 for our derivative financial instruments policy. On May 12, 2021, in connection with the Avondale Term Loan discussed in Note 15, we entered into an interest rate swap agreement with the Lender that effectively fixes the interest rate on 50% of the principal amount of the Avondale Term Loan, or approximately $15.6 million, at 3.5% for the entire loan term, or seven years (the “Swap”). On May 12, 2021, the Swap was designated as an effective cash flow hedge for accounting and tax purposes. On April 14, 2022, in connection with the Lisle Term loan - VN discussed in Note 15, we entered into an interest rate swap agreement with the Lisle Lender that effectively fixes the interest rate on 50% of the principal amount of the Lisle Term Loan - VN at 4.69% for the entire loan term, or seven years (the “Lisle Swap”). On April 14, 2022, the Lisle Swap was designated as an effective cash flow hedge for accounting and tax purposes. Changes in the fair value of derivatives that are designated and qualify as cash flow hedges are recorded in “Accumulated other comprehensive income (loss)” on the consolidated balance sheets. For cash flow hedges, we report the effective portion of the gain or loss as a component of “Accumulated other comprehensive income (loss)” and reclassify it to “Interest expense” in the consolidated statements of operations over the corresponding period of the underlying hedged item. The ineffective portion of the change in fair value of a derivative financial instrument is recognized in “Interest expense” at the time the ineffectiveness occurs. To the extent the hedged forecasted interest payments on debt related to our interest rate swap is paid off, the remaining balance in “Accumulated other comprehensive income (loss)” is recognized in “Interest expense” in the consolidated statements of operations. Of the net amount of the existing gains that are reported in “Accumulated other comprehensive income (loss)” as of September 30, 2022, we estimate that $0.7 million will be reclassified to “Interest expense” within the next twelve months. As of September 30, 2022, the notional amounts of the Avondale Swap and Lisle Swap was approximately $15.0 million and $19.0 million, respectively. Fair Value of Derivative Instruments The following table presents the fair value of our Swap and Lisle Swap (Level 2), both of which are designated as a cash flow hedges, and the related classification on the consolidated balance sheets as of September 30, 2022 and 2021: September 30, Interest Rate Swaps 2022 2021 Other current assets $ 632 $ 194 Other assets 2,067 85 Total fair value of assets designated as hedging instruments $ 2,699 $ 279 Effect of Cash Flow Hedge Accounting on the Consolidated Statement of Operations and Accumulated Other Comprehensive Income (Loss) The table below presents the effect of cash flow hedge accounting for our Swap and Lisle Swap on the consolidated statement of operations and Accumulated other comprehensive income (loss) for the years ended September 30, 2022 and 2021: Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income Year Ended September 30, 2022 Interest Rate Swaps $ 2,787 Interest expense $ (192) Year Ended September 30, 2021 Interest Rate Swaps $ (365) Interest expense $ (86)

Income Taxes

Income Taxes	12 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of income tax benefit (expense) for the years ended September 30, 2022, 2021 and 2020 are as follows: Year Ended September 30, 2022 2021 2020 Current (expense) benefit: United States federal $ (17) $ 5 $ 11,250 State (1,065) (607) (303) Total current (expense) benefit (1,082) (602) 10,947 Deferred benefit (expense): United States federal 2,380 — (345) State 4,109 — — Total deferred benefit (expense) 6,489 — (345) Total income tax benefit (expense) $ 5,407 $ (602) $ 10,602 The income tax provision differs from the tax that would result from application of the statutory federal tax rate of 21.0% to pre-tax income for the years ended September 30, 2022, 2021 and 2020. The reasons for the differences are as follows: Year Ended September 30, 2022 2021 2020 Income tax (expense) benefit at statutory rate $ (4,293) $ (3,188) $ 545 State income taxes, net of federal tax benefit (1,356) (480) (246) Excess officers compensation (276) (203) (304) Adjustment to deferred taxes (345) — — Decrease in valuation allowance 12,075 3,229 6,135 Net operating losses carryback to higher federal statutory rate years — — 4,270 Other, net (398) 40 202 Total income tax benefit (expense) $ 5,407 $ (602) $ 10,602 The components of the deferred tax assets (liabilities) recorded in the accompanying consolidated balance sheets were as follows: September 30, 2022 2021 Gross deferred tax assets: Right-of-use assets for operating leases $ 36,212 $ 43,039 Deferred compensation $ 542 $ 707 Accrued compensation 2,217 2,277 Accrued tool sets 823 865 Other reserves and accruals 3,826 2,815 Deferred revenue 5,178 4,595 Net operating losses 5,406 5,442 Tax credit carryforwards 165 247 Charitable contribution carryovers 1,252 893 Deductions limited by Section 382 249 670 Other comprehensive income — 70 Other 84 13 Valuation allowance (1,200) (13,492) Total gross deferred tax assets 54,754 48,141 Gross deferred tax liabilities: Operating lease liability (33,655) (40,984) Amortization of goodwill and intangibles (4,666) (2,056) Depreciation and amortization of property and equipment (11,673) (4,587) Prepaid and other expenses deductible for tax (720) (1,188) Other comprehensive income (675) — Total gross deferred tax liabilities (51,389) (48,815) Net deferred tax assets (liabilities) $ 3,365 $ (674) In assessing whether a valuation allowance was required, we considered the weight of all available positive and negative evidence. The following table summarizes the activity for the valuation allowance for the years ended September 30, 2022, 2021 and 2020: Year Ended September 30, 2022 2021 2020 Balance at beginning of period $ 13,492 $ 17,449 $ 25,673 Reductions to income tax (12,075) (3,957) (5,947) Write-offs (1) (217) — (2,277) Balance at end of period $ 1,200 $ 13,492 $ 17,449 (1) The write-offs in the year ended September 30, 2020 relate to the adoption of ASC 842 as of October 1, 2019. During the year ended September 30, 2022, based in part on our sustained positive earnings, we determined that there was sufficient evidence to meet the more likely than not realizability threshold and support the reversal of a majority of the previously recorded valuation allowance against our deferred tax assets. The release of the valuation allowance resulted in the recognition of certain deferred tax assets on the consolidated balance sheet and a non-cash tax benefit recorded in the consolidated statement of operations for the year ended September 30, 2022. As of September 30, 2022, our remaining valuation allowance of $1.2 million relates to certain federal and state attributes for which we determined that it was more likely than not that a benefit will be realized prior to expiration. As of September 30, 2022, we had approximately $17.9 million and $19.9 million in net operating losses for federal and state tax purposes, respectively. The federal net operating losses can be carryforward indefinitely, while the state net operating losses expires in the years 2027 through 2042 if not utilized. We recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. The determination is based on the technical merits of the position and presumes that each uncertain tax position will be examined by the relevant taxing authority that has full knowledge of all relevant information. Although we believe the estimates are reasonable, no assurance can be given that the final outcome of these matters will not be different than what is reflected in the historical income tax provisions and accruals. The following table summarizes the activity related to the Company's gross unrecognized tax benefits for the fiscal year ended September 30, 2022 (amounts in thousands): Year Ended September 30, 2022 Balance at beginning of period $ — Increases related to acquisitions 387 Balance at end of period $ 387 The total amount of gross unrecognized tax benefits was $0.4 million as of September 30, 2022, of which $0.3 million, if fully recognized, would decrease our effective tax rate. We recognize interest and penalties related to unrecognized tax benefits through income tax expense. No interest or penalties were accrued as of September, 30 2022. We do not expect a significant decrease in our liability for unrecognized tax benefits in the next 12 months. We file income tax returns for federal purposes and in many states. Our tax filings remain subject to examination by applicable tax authorities for certain length of time, generally three to four years, following the tax year to which these filings relate. In 2019 and 2020, we filed returns to carried back federal and certain state net operating losses to prior years. The statute of limitations for adjustment of the net operating losses utilized on these tax returns remains open an additional three to four years, depending on jurisdiction, from the date these returns were filed. On August 16, 2022, the U.S. government enacted the Inflation Reduction Act (“IRA”) which, among other changes, created a new corporate alternative minimum tax based on adjusted financial statement income and imposes a 1% excise tax on corporate stock repurchases. The effective date of these provisions is January 1, 2023. We do not expect the enactment of the IRA will have an impact on our financial statements.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Licensing Agreements We have entered into various licensing agreements with varying expiration dates that give us the right to use certain materials, trademarks, trade names, trade dress, and other intellectual property in connection with the operation of our campuses and the development of our courses. The expense for the license fees under these various agreements totaled $2.1 million, $2.0 million, and $2.2 million for the years ended September 30, 2022, 2021 and 2020, respectively, and were recorded in “Educational services and facilities expenses” on the consolidated statements of operations. Snap-on Tools Product Support Agreement We have an agreement with Snap-on Tools that allows us to purchase promotional tool kits for our students at a discount from the list price. In addition, we earn credits that are redeemable for equipment from the Snap-on Tools that we use in our business. Credits are earned on our purchases as well as purchases made by students enrolled in our programs. We have agreed to grant Snap-On Tools exclusive access to our campuses, to display advertising and to use their tools to train our students. The credits under this agreement may be redeemed in multiple ways, which historically has been for additional equipment at the full retail list price, which is more than we would be required to pay using cash. The renewal was executed in October 2017 and originally expired October 31, 2022, however we executed an extension through January 6, 2023. The renewal allowed us to redeem our credits for a portion of the tool sets we purchase for our students. Any product credits remaining at termination will expire 60 days after the date of termination. A net prepaid expense with Snap-on Tools resulted from an excess of credits earned over credits used of $4.0 million and $4.8 million as of September 30, 2022 and 2021, respectively, included in “Other current assets” in our consolidated balance sheets. Students are provided a Career Starter Tool Set Voucher which can be redeemed for a tool set near graduation. The cost of the tool sets, net of the discount, is accrued during the time period in which the students begin attending school until they have progressed to the point that the promotional tool set vouchers are provided. Our consolidated balance sheets include an “Accrued tool sets” liability of $3.2 million and $3.3 million as of September 30, 2022 and 2021, respectively. Additionally, our liability to Snap-on Tools for vouchers redeemed by students was $2.3 million and $1.6 million as of September 30, 2022 and 2021, respectively, and is included in “Accounts payable and accrued expenses” in our consolidated balance sheets. Surety Bonds Each of our campuses must be authorized by the applicable state education agency in which the campus is located to operate and to grant certificates, diplomas or degrees to its students. Our campuses are subject to extensive, ongoing regulation by each of these states. Additionally, our campuses are required to be authorized by the applicable state education agencies of certain other states in which our campuses recruit students. Our insurers issue surety bonds for us on behalf of our campuses and admissions representatives with multiple states to maintain authorization to conduct our business. We are obligated to reimburse our insurers for any surety bonds that are paid by the insurers. As of September 30, 2022, the total face amount of these surety bonds was approximately $20.5 million. Legal In the ordinary conduct of our business, we are periodically subject to lawsuits, demands in arbitration, investigations, regulatory proceedings or other claims, including, but not limited to, claims involving current or former students, routine employment matters, business disputes and regulatory demands. When we are aware of a claim or potential claim, we assess the likelihood of any loss or exposure. If it is probable that a loss will result and the amount of the loss can be reasonably estimated, we would accrue a liability for the loss. When a loss is not both probable and estimable, we do not accrue a liability. Where a loss is not probable but is reasonably possible, including if a loss in excess of an accrued liability is reasonably possible, we determine whether it is possible to provide an estimate of the amount of the loss or range of possible losses for the claim. We are not currently a party to any material legal proceedings, but note that legal proceedings could, generally, have a material adverse effect on our business, cash flows, results of operations or financial condition.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Shareholders’ Equity	Shareholders’ Equity Common Stock Holders of our common stock are entitled to receive dividends when and as declared by our Board of Directors and have the right to one vote per share on all matters requiring shareholder approval. On June 9, 2016, our Board of Directors voted to eliminate the quarterly cash dividend on our common stock. Any future common stock dividends require the approval of a majority of the voting power of the Series A Preferred Stock. Preferred Stock Preferred Stock consists of 10,000,000 authorized preferred shares of $0.0001 par value each. On June 24, 2016, we entered into a Securities Purchase Agreement (“Purchase Agreement”) with Coliseum Holdings I, LLC (“Purchaser”) to sell to the Purchaser 700,000 shares of Series A Convertible Preferred Stock (“Series A Preferred Stock”) for a total purchase price of $70.0 million. The Series A Preferred Stock is perpetual, and therefore does not have a maturity date. In June 2022, one stockholder elected to convert its 24,115 shares of Series A Preferred Stock into 724,174 shares of our common stock in accordance with the terms of the Series A Preferred Stock as set forth in the Certificate of Designations (“Certificate of Designations”), which reduced the Series A Preferred Stock outstanding to 675,885 shares. As of September 30, 2022 and 2021, 675,885 and 700,000 shares of Series A Preferred Stock were issued and outstanding, respectively. The liquidation preference associated with the Series A Preferred Stock was $100 per share at September 30, 2022 and 2021. The description below provides a summary of certain material terms of the Certificate of Designations of the Series A Preferred Stock. Rank The Series A Preferred Stock will, with respect to dividend rights and rights upon liquidation, winding up or dissolution, rank senior to our common stock and each other junior class or series of shares that we may issue in the future. The Series A Preferred Stock will also rank junior to any future indebtedness. Dividends We may pay a cash dividend on each share of the Series A Preferred Stock at a rate of 7.5% per year on the liquidation preference then in effect (“Cash Dividend”). The Cash Dividend is payable before any dividends would be declared or paid to common stockholders or other junior stockholders. If we do not pay a Cash Dividend, the liquidation preference shall be increased to an amount equal to the current liquidation preference in effect plus an amount reflecting that liquidation preference multiplied by the Cash Dividend rate then in effect plus 2.0% per year (“Accrued Dividend”). Cash Dividends are payable semi-annually in arrears on September 30 and March 31 of each year, and will begin to accrue on the first day of the applicable dividend period. We paid Cash Dividends of $5.2 million and $5.3 million during the years ended September 30, 2022 and 2021 . The Series A Preferred Stock includes participation rights such that, in the event that we pay a dividend or make a distribution on the outstanding common stock, we shall also pay to each holder of the Series A Preferred Stock a dividend on an as converted basis. If we are required to or elect to obtain stockholder and regulatory approval and if such approval is not obtained within the time periods set forth in the Certificate, the dividend rates with respect to the Cash Dividend and Accrued Dividend will be increased by 5.0% per year, not to exceed a maximum of 14.5% per year, subject to downward adjustment on obtaining the foregoing approvals. Liquidation Preference In the event of voluntary or involuntary liquidation, dissolution or winding up of our company, holders of the Series A Preferred Stock are entitled to receive, before any distribution or payment to the holders of any common or junior stock, an amount per share of Series A Preferred Stock equal to the liquidation preference then in effect, which would include any Accrued Dividends. Alternatively, the holder may choose to receive the amount that would be payable per share of common stock issued upon conversion of the Series A Preferred Stock immediately prior to such liquidation event. Mergers (regardless of whether we remain the surviving entity), sale of substantially all of our assets or any other recapitalization, reclassification or other transaction in which substantially all of our common stock is exchanged or converted into cash or other property are considered “Deemed Liquidation Events.” The Certificate of Designations provides that, in the case of a Deemed Liquidation Event, each holder of Series A Preferred Stock shall be entitled to receive the liquidation amount they would receive under a normal liquidation event; however, the liquidation amount must be in the same form of consideration as is payable to the holders of our common stock. The liquidation preference associated with the Series A Preferred Stock was $100 per share at September 30, 2022 and 2021. Voting Holders of Series A Preferred Stock are entitled to vote with the holders of shares of common stock on an as converted basis, subject to the Continuing Caps as discussed below. A majority of the voting power of the Series A Preferred Stock must approve certain significant actions, including, without limitation, the issuance of certain equity securities; the repurchase, redemption or acquisition of our common stock; the incurrence of debt; the consummation of certain acquisitions, mergers or other such transactions; and the sale of material assets. The Certificate of Designations includes a Conversion Cap and an Investor Voting Cap (each as defined in the Certificate of Designations), which generally prohibit: (i) the conversion of Series A Preferred Stock into common stock; and (ii) the voting of common stock issuable upon conversion of the Series A Preferred Stock, to the extent that such conversion results in the issuance of a number of shares of common stock exceeding 4.99% of our outstanding shares of common stock as of June 24, 2016 or that has voting power that exceeds 4.99% of the voting power of our outstanding shares of common stock as of June 24, 2016. The Certificate of Designations provides that the Conversion Cap and the Investor Voting Cap may only be removed upon our receipt of: (i) certain stockholder approvals required by Section 312.03 of the New York Stock Exchange Listed Company Manual (“NYSE Rule 312”); and (ii) either (A) Education Regulatory Approval (as defined in the Certificate of Designations), or (B) a good faith determination by our board of directors that Education Regulatory Approval is not required. Our stockholders approved a proposal at the annual meeting of stockholders on February 27, 2020 , in accordance with the listing standards of the NYSE, that satisfied NYSE Rule 312. In August 2020, the Purchaser notified us that it intended to distribute all 700,000 Series A Preferred Stock to its members, and that certain of its members would subsequently distribute their Series A Preferred Stock to (i) limited partners affiliated with the Purchaser and certain other entities for whom Coliseum Capital Management, LLC (an affiliate of the Purchaser) holds voting and dispositive power with respect to the Series A Preferred Stock (the “Affiliated Holders”), which six Affiliated Holders, following such distribution, will own Series A Preferred Stock that would represent, on an as converted basis, approximately 24.9% of our outstanding shares of common stock and voting power, and (ii) limited partners unaffiliated with the Purchaser (the “Unaffiliated Holders”), which 12 Unaffiliated Holders, following such distribution, each will own Series A Preferred Stock that would represent, on an as converted basis, 9.9% or less of our outstanding shares of common stock and voting power (collectively, the “Distributions”). In connection with the Distributions, our board of directors, based on advice of legal counsel, determined that: (i) no Education Regulatory Approval would be required for the Unaffiliated Holders to remove the Conversion Cap and the Investor Voting Cap with respect to the Series A Preferred Stock acquired in the Distributions; and (ii) as to the Series A Preferred Stock held by the Affiliated Holders, no Education Regulatory Approval is required prior to the Affiliated Holders (A) converting a number of Series A Preferred Stock into common stock provided that the number of shares of common stock issued pursuant to such conversion, in the aggregate, is less than or equal to 9.9% of the number of shares of common stock outstanding on an as converted basis as of the date of the Distributions, and (B) voting a number of Series A Preferred Stock provided that the voting power of such Series A Preferred Stock and any shares of common stock issued upon conversion of such Series A Preferred Stock is less than or equal to 9.9% of the voting power of the common stock outstanding as of the date of the Distributions (the foregoing limitations, the “Continuing Caps”). The removal of the Conversion Cap and Voting Cap became effective as of the date of the Distributions, subject to the Continuing Caps remaining in place with respect to the Series A Preferred Stock distributed to the Affiliated Holders. Education Regulatory Approval continue to be required for, and the Continuing Caps will remain in place with respect to, the Series A Preferred Stock acquired by the Affiliated Holders in the Distributions to the extent such shares, on an as converted basis, represent in excess of 9.9% of our common stock and voting power as of the date of the Distributions. The Affiliated Holders may, at any time, request that we seek Education Regulatory Approval or make a good faith determination that such approval is not required. Optional Conversion by Purchaser The Series A Preferred Stock are convertible to common stock at any time at the option of the holder. Following the Distributions, the Conversion Cap currently applies to the Affiliated Holders. Optional Conversion by Our Company If at any time following the third anniversary of the issuance of the Series A Preferred Stock, the volume weighted average price of our common stock equals or exceeds 2.5 times the conversion price of the Series A Preferred Stock, or $8.33 as of September 30, 2022, for a period of 20 consecutive trading days during an open trading window (“Conversion Trigger”), we may, at our option and subject to obtaining any required stockholder and regulatory approvals, require that any or all of the then outstanding Series A Preferred Stock be automatically converted into our common stock at the conversion rate. We may not elect such conversion during the closed trading window periods in which any director or executive officer of our company is prohibited by us to, directly or indirectly, purchase, sell or otherwise acquire or transfer any equity security of our company. If we are unable to obtain the necessary regulatory approvals to remove the Conversion Cap within 120 days of giving our notice of intent to convert, we will have the option to redeem all of the Series A Preferred Stock at a premium. Conversion Rate and Conversion Price The conversion rate for the Series A Preferred Stock will be calculated by dividing the current liquidation preference by the conversion price then in effect. The initial and current conversion price for the Series A Preferred Stock is $3.33 per share. The conversion price is subject to adjustment upon the occurrence of certain common stock events, as defined in the Purchase Agreement, including stock splits, reverse stock splits or the issuance of common stock dividends. Optional Special Dividend and Conversion on Certain Change of Control Upon a change of control, at the written election by holders of a majority of the then outstanding shares of Series A Preferred Stock, we shall declare and pay a special cash dividend in the amount equal to either 1.5 or 2.0 times the Cash Dividend rate, depending on the type of change in control, multiplied by the liquidation preference per share then in effect. Redemption at the Option of Our Company We have the ability to redeem the Series A Preferred Stock at any time after the third anniversary of the issue date, provided that the Conversion Trigger has not been met on the date of the redemption notice. Holders of the Series A Preferred Stock will be able to convert their shares into common stock if neither the Investor Voting Cap nor Conversion Cap is in effect. If they do not provide notice of conversion within 10 days of receipt of the redemption notice, the redemption will proceed at a price per share equal to the product of the current conversion rate and 2.5 times the conversion price. If either the Investor Voting Cap or Conversion Cap is in effect at the date of the notice of redemption, the holder may request that we obtain the necessary regulatory approval for its removal. After the tenth anniversary of the issue date, we have the ability to redeem the Series A Preferred Stock in whole or in part at any time. Holders of the Series A Preferred Stock will then be able to convert their shares into common stock if neither the Investor Voting Cap nor Conversion Cap is in effect. If they do not provide notice of conversion within 10 days of receipt of the redemption notice, the redemption will proceed at a price per share equal to the current liquidation preference. If either the Investor Voting Cap or Conversion Cap is in effect at the date of the notice of redemption, the holder may request that we obtain the necessary regulatory approval for its removal. Anti-dilution The conversion price of the Series A Preferred Stock is subject to certain customary anti-dilution protections should we effect certain common stock events, such as stock splits, stock dividends or subdivisions, reclassifications or combinations of our common stock. In such events, the conversion price will be adjusted in a proportionate manner to the change in outstanding share of common stock immediately preceding and immediately after the event. Reservation of Shares Issuable upon Conversion We are required, at all times, to reserve and keep available out of our authorized and unissued shares of common stock the number of shares that would be issuable upon conversion of all Series A Preferred Stock, assuming that the Conversion Cap does not apply. If this reserve is not sufficient at any point to allow for full conversion, we shall be required to take action to increase our pool of authorized but unissued shares. Under the Securities Act, we were not required to register the offer or sale of the Series A Preferred Stock to the Purchaser. In conjunction with the Purchase Agreement, the parties entered into a Registration Rights Agreement in order to grant the Purchaser certain demand and piggyback registration rights covering the purchased shares. In the event that the Purchaser requests such registration of the Series A Preferred Stock, the Registration Rights agreement provides that we shall bear all expenses associated with the registration, with the exception of underwriting discounts and commissions and brokerage fees. On October 18, 2019, we filed a Form S-3 with the Securities and Exchange Commission to register shares of common stock currently held by selling stockholders as well as shares of common stock issuable upon the optional conversion of Series A Convertible Preferred Stock held by the selling stockholders. That registration statement became effective on October 30, 2019. Equity Offering On February 20, 2020, we entered into an Underwriting Agreement with B. Riley FBR, Inc., as representative of the several underwriters named therein (the “Underwriters”), to issue and sell an aggregate of 6,782,610 shares (the “Firm Shares”) of our common stock, par value $0.0001 per share (the “Common Stock”), in a public offering, at a price to the public of $7.75 per share, pursuant to a registration statement on Form S-3 (Registration No. 333-236146) (the “Registration Statement”) and the accompanying prospectus , and related prospectus supplement, filed with the SEC (the “Offering”). In addition, we granted the Underwriters an option (“Option”) to purchase up to an additional 1,017,390 shares of the Common Stock for a period of 30 days from February 20, 2020. The Offering of the Firm Shares closed on February 25, 2020. The net proceeds from the Offering were approximately $49.2 million, after deducting underwriting discounts. Direct costs of $0.4 million related to the offering were recorded to equity during the three months ended March 31, 2020. The Underwriters did not exercise the Option in full for the additional 1,017,390 shares. The 6,782,610 shares purchased were issued from Treasury Stock on February 25, 2020, leaving 82,287 shares in Treasury stock. We utilized the proceeds for our growth and diversification initiatives. Share Repurchase Program On December 10, 2020, our Board of Directors authorized a new share repurchase plan that would allow for the repurchase of up to $35.0 million of our common stock in the open market or through privately negotiated transactions. This new share repurchase plan replaced the previously authorized plan from fiscal 2012. Any repurchases under this new stock repurchase program require the approval of a majority of the voting power of our Series A Preferred Stock. We did not repurchase any shares during the years ended September 30, 2022, 2021 and 2020.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based CompensationOur stock-based compensation is governed by the 2021 Equity Incentive Compensation Plan (“2021 Plan”). The 2021 Plan was adopted by our Board of Directors in January 2021 and approved by our shareholders at the February 2021 annual meeting. The 2021 Plan replaced the Management 2002 Stock Option Program and the 2003 Incentive Compensation Plan, as amended (the “Former Plans”). Under the 2021 Plan, we are authorized to issue incentive compensation convertible into up to 2.0 million shares of common stock, increased by 0.7 million shares that remained available for future grants of awards under the Former Plans immediately prior to termination. Additionally, subject to and in accordance with the 2021 Plan, 1.5 million shares that are subject to outstanding awards under the Former Plans that are subsequently expired, forfeited, or are otherwise terminated will also become available for awards under the 2021 Plan. As of September 30, 2022, 1.9 million shares remained available for future grants under the 2021 Plan. Stock-Based Compensation Expense As previously discussed in Note 2, compensation expense associated with RSUs, PSUs or stock options is measured based on the grant date fair value of our common stock. The fair value of the RSUs is amortized on a straight-line basis over the requisite service period. The fair value of the PSUs is amortized on a straight-line basis over the requisite service period based upon the fair market value on the date of grant, adjusted quarterly for the anticipated or actual achievement against the established performance condition. For all stock-based compensation expense, we account for forfeitures as they occur. The following table summarizes the operating expense line in which stock-based compensation expense has been recorded and the impact on net income in the consolidated statements of operations for the years ended September 30, 2022, 2021 and 2020: Year Ended September 30, 2022 2021 2020 Educational services and facilities $ 240 $ 60 $ 64 Selling, general and administrative 4,172 1,748 2,013 Total stock-based compensation expense $ 4,412 $ 1,808 $ 2,077 Income tax benefit $ 1,103 $ 452 $ 519 Stock Options We have not issued stock options since fiscal 2019. These options, under the Former Plans, have an expiration date of seven years. Under the 2021 Plan, the maximum term of any option granted under the 2021 Plan is ten years and, unless otherwise permitted by our Compensation Committee, an option generally will remain exercisable for three months following the participant’s termination of service, provided that if service terminates as a result of the participant’s death or disability, the option generally will remain exercisable for 12 months, but in any event the option must be exercised no later than its expiration date. The following table summarizes stock option activity under the Former Plans and the 2021 Plan for the years ended September 30, 2022, 2021 and 2020: Number of Weighted Weighted Aggregate (In thousands) (per Share) (Years) Outstanding as of September 30, 2018 — $ — — $ — Granted 210 $ 3.14 Outstanding as of September 30, 2019 210 $ 3.14 6.19 $ 483 Outstanding as of September 30, 2020 210 $ 3.14 5.18 $ 407 Outstanding as of September 30, 2021 210 $ 3.14 4.18 $ 760 Outstanding as of September 30, 2022 210 $ 3.14 3.18 $ 483 Stock options exercisable as of September 30, 2022 210 $ 3.14 3.18 $ 483 Restricted Stock Units and Performance Units Restricted Stock Units Our RSUs are issued at fair market value, which is based on the closing price of our stock on the grant date. RSUs generally vest ratably over a three year service period from the date of grant. As of September 30, 2022, unrecognized stock compensation expense related to RSUs was $3.4 million which is expected to be recognized over a weighted average period of 1.9 years. Performance Share Units Our outstanding PSUs vest over a three year service period from the date of the grant and are based upon a mix of certain pre-established targets for revenue, compounded annual total shareholder return for the measurement period and net income. On the settlement date for each measurement period, participants will receive shares of our common stock equal to 0% to 187.5% of the PSUs originally granted depending on the actual achievement against the performance metrics for that measurement period. The PSUs vest subject to a market condition and on the settlement date which is expected to be no later than two and a half months after the end of each measurement period. As of September 30, 2022, unrecognized stock compensation expense related to PSUs was $3.3 million, which is expected to be recognized over a weighted average period of 2.0 years. The following table summarizes the activity for RSUs and PSUs granted under the Former Plans and 2021 Plan for the years ended September 30, 2022, 2021 and 2020: RSUs PSUs Number of Weighted Average Number of Weighted Average Outstanding as of September 30, 2019 236 $ 2.74 133 $ 2.40 Granted 306 $ 7.46 314 $ 7.72 Adjustment to grant based on achieved attainment level — $ — 33 Vested (141) $ 2.62 (100) $ 2.32 Forfeited (63) $ 2.96 (39) $ 2.48 Outstanding as of September 30, 2020 338 $ 7.01 341 $ 7.30 Granted 376 $ 6.11 371 $ 6.37 Adjustment to grant based on achieved attainment level — $ — 11 $ — Vested (130) $ 6.31 (39) $ 2.48 Forfeited (36) $ 6.90 (42) $ 7.30 Outstanding as of September 30, 2021 548 $ 6.56 642 $ 6.97 Granted 377 $ 8.34 377 $ 8.75 Adjustment to grant based on achieved attainment level — $ — (256) $ — Vested (209) $ 6.69 (24) $ 7.73 Forfeited (21) $ 7.21 (23) $ 7.14 Outstanding as of September 30, 2022 695 $ 7.47 716 $ 7.60

Earnings per Share

Earnings per Share	12 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share We calculate basic earnings per common share (“EPS”) pursuant to the two-class method as a result of the issuance of the Series A Preferred Stock on June 24, 2016. Our Series A Preferred Stock is considered a participating security because, in the event that we pay a dividend or make a distribution on the outstanding common stock, we shall also pay each holder of the Series A Preferred Stock a dividend on an as-converted basis. The two-class method is an earnings allocation formula that determines EPS for common stock and participating securities according to dividend and participation rights in undistributed earnings. Under this method, all earnings, distributed and undistributed, are allocated to common shares and participating securities based on their respective rights to receive dividends. The Series A Preferred Stock is not included in the computation of basic EPS in periods in which we have a net loss, as the Series A Preferred Stock is not contractually obligated to share in our net losses. Diluted earnings per common share is calculated using the more dilutive of the two-class method or as-converted method. The two-class method uses net income available to common shareholders and assumes conversion of all potential shares other than the participating securities. The as-converted method uses net income and assumes conversion of all potential shares including the participating securities. Dilutive potential common shares include outstanding stock options, unvested restricted stock units, unvested performance units and convertible preferred stock. The following table summarizes the computation of basic and diluted earnings per common share under the two-class or as-converted method, as well as the anti-dilutive shares excluded: Year Ended September 30, 2022 2021 2020 Basic earnings per common share: Net income $ 25,848 $ 14,581 $ 8,008 Less: Preferred stock dividend declared (5,159) (5,250) (5,264) Income available for distribution 20,689 9,331 2,744 Income allocated to participating securities (7,847) (3,647) (1,135) Net income available to common shareholders $ 12,842 $ 5,684 $ 1,609 Weighted average basic shares outstanding 33,218 32,766 29,812 Basic income per common share $ 0.39 $ 0.17 $ 0.05 Diluted earnings per common share: Method used: Two-class Two-class Two-class Net income available to common shareholders $ 12,842 $ 5,684 $ 1,609 Weighted average basic shares outstanding 33,218 32,766 29,812 Dilutive effect related to employee stock plans 525 357 301 Weighted average diluted shares outstanding 33,743 33,123 30,113 Diluted income per common share $ 0.38 $ 0.17 $ 0.05 Year Ended September 30, 2022 2021 2020 Anti-dilutive shares excluded: Outstanding stock-based grants 9 186 14 Convertible preferred stock 20,297 21,021 21,021 Total anti-dilutive shares excluded 20,306 21,207 21,035 Dilutive shares under the as-converted method (1) 54,040 54,144 51,134 (1) The dilutive shares under the as-converted method assume conversion of the Series A Preferred Stock and are presented here merely for reference. In a net income position, diluted earnings per share is determined by the more dilutive of the two-class method or the as-converted method.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans We sponsor a defined contribution 401(k) plan, under which our employees elect to withhold specified amounts from their wages to contribute to the plan and we have a fiduciary responsibility with respect to the plan. The plan provides for matching a portion of employees’ contributions at management’s discretion. We made matching contributions of approximately $1.5 million, $1.1 million, and $1.0 million to the 401(k) plan for the years ended September 30, 2022, 2021 and 2020, respectively. Additionally, we have a legacy deferred compensation plan into which certain members of management were eligible to defer a maximum of 75% of their regular compensation and a maximum of 100% of their incentive compensation. No new members have been added to the deferred compensation plan in the past two years. We are not obligated to fund the deferred compensation plan; however, we have purchased life insurance policies on the participants in order to fund the related benefits and such policies have been placed into a rabbi trust. Our obligations under the deferred compensation plan totaled $2.2 million and $2.8 million as of September 30, 2022 and 2021, respectively, and are included in “Other liabilities” while the cash surrender value of the life insurance policies totaled $2.6 million and $3.1 million as of September 30, 2022 and 2021, respectively, and are included in “Other assets” in our consolidated balance sheets.

Segment Information

Segment Information	12 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information Our principal business is providing postsecondary education. We also provide manufacturer-specific training, and these operations are managed separately from our campus operations. These operations do not currently meet the quantitative criteria for segments and therefore are reflected in the “Other” category. Our equity method investment and other non-postsecondary education operations are also included within the “Other” category. Corporate expenses are allocated to “Postsecondary Education” and the “Other” category based on compensation expense. Summary information by reportable segment is as follows: Postsecondary Education Other Consolidated Year Ended September 30, 2022 Revenues $ 404,685 $ 14,080 $ 418,765 Income (loss) from operations 24,190 (1,816) 22,374 Depreciation and amortization (1) 16,779 105 16,884 Net income (loss) 27,664 (1,816) 25,848 Postsecondary Education Other Consolidated Year Ended September 30, 2021 Revenues $ 323,476 $ 11,607 $ 335,083 Income (loss) from operations 15,841 (894) 14,947 Depreciation and amortization (1) 13,941 86 14,027 Net income (loss) 15,475 (894) 14,581 Year Ended September 30, 2020 Revenues $ 287,195 $ 13,566 $ 300,761 Loss from operations (3,493) (378) (3,871) Depreciation and amortization (2) 11,698 106 11,804 Net income (loss) 8,386 (378) 8,008 As of September 30, 2022 Total assets $ 549,817 $ 3,094 $ 552,911 As of September 30, 2021 Total assets $ 504,934 $ 7,636 $ 512,570 (1) Includes depreciation of training equipment obtained in exchange for services of $0.9 million and $1.2 million for the years ended September 30, 2022 and 2021, respectively.

Government Regulation and Finan

Government Regulation and Financial Aid	12 Months Ended
	Sep. 30, 2022
Risks and Uncertainties [Abstract]
Government Regulation and Financial Aid	Government Regulation and Financial Aid Our institutions are subject to extensive regulatory requirements imposed by a wide range of federal and state agencies, as well as by institutional and programmatic accreditors. These requirements, which are frequently being revisited, revised, and expanded, cover virtually every aspect of our schools’ operations, and our institutions are subject to periodic audits and program compliance reviews by various external agencies for compliance with these requirements. Each of our institutions’ administration of the federal programs of student financial assistance under Title IV of the HEA (“Title IV Programs”) also must be audited annually by independent accountants and the resulting audit report submitted to ED for review. The approvals granted by these regulatory entities permit our schools to operate and to participate in a variety of government-sponsored financial aid programs, including Title IV Programs. If our institutions fail to comply with any of these regulatory requirements, our regulators could take an array of adverse actions, up to and including revocation of the approval granted by the agency. Such adverse actions could have a material adverse effect on our academic or operational initiatives, cash flows, results of operations, or financial condition. Below, we discuss certain, specific elements of this regulatory environment. State Authorization To operate and offer postsecondary programs, and to be certified to participate in Title IV Programs, each of our institutions must obtain and maintain authorization from the state in which it is physically located (its “Home State”). To engage in recruiting or educational activities outside of its Home State, each institution also may be required to obtain and maintain authorization from the states in which it is recruiting or engaging in educational activities. The level of regulatory oversight varies substantially from state to state and is extensive in some states. State laws may establish standards for instruction, qualifications of faculty, location and nature of facilities and equipment, administrative procedures, marketing, recruiting, student outcomes reporting, disclosure obligations to students, limitations on mandatory arbitration clauses in enrollment agreements, financial operations, and other operational matters. Some states prescribe standards of financial responsibility and mandate that institutions post surety bonds. Many states have requirements for institutions to disclose institutional data to current and prospective students, as well as to the public. And some states require that our schools meet prescribed performance standards as a condition of continued approval. States can and often do revisit, revise, and expand their regulations governing postsecondary education and recruiting. Accreditation Accreditation is a non-governmental process through which an institution voluntarily submits to ongoing qualitative reviews by an organization of peer institutions. Institutional accreditation by an ED-recognized accreditor is required for an institution to be certified to participate in Title IV Programs. All of our institutions are accredited by the Accrediting Commission of Career Schools and Colleges (“ACCSC”), which is an accrediting agency recognized by ED. ACCSC reviews the academic quality of each institution’s instructional programs, as well as the administrative and financial operations of the institution to ensure that it has the resources necessary to perform its educational mission, implement continuous improvement processes, and support student success. Our institutions must submit annual reports, and at times, supplemental reports, to demonstrate ongoing compliance and improvement. ACCSC requires institutions to disclose certain institutional information to current and prospective students, as well as to the public, and requires that our schools and programs meet various performance standards as a condition of continued accreditation. Institutions must periodically renew their accreditation by completing a comprehensive renewal of accreditation process. Title IV Programs The federal government provides a substantial part of its support for postsecondary education through Title IV Programs in the form of grants and loans to students who can use those funds at any institution that has been certified as eligible to participate by ED. All of our institutions are certified to participate in Title IV Programs. Significant factors relating to Title IV Programs that could adversely affect us include: • The 90/10 Rule . As a condition of participation in Title IV Programs, proprietary institutions must agree when they sign their PPA to comply with the 90/10 rule. Under the current 90/10 rule, to remain eligible to participate in the federal student aid programs, a proprietary institution must derive at least 10% of their revenues for each fiscal year from sources other than Title IV Program funds. Under the American Rescue Plan Act of 2021 (“ARPA”), a proprietary institution must derive at least 10% of its revenue from sources other than “Federal education assistance funds.” Federal education assistance funds are defined as “federal funds that are disbursed or delivered to or on behalf of a student to be used to attend such institution.” ED published a proposed 90/10 rule on July 28, 2022 and a final rule on October 28, 2022. The new rule will take effect July 1, 2023 and will apply to any annual audit submission for a proprietary institutional fiscal year beginning on or after January 1, 2023. A proprietary institution is subject to sanctions if it exceeds the 90% level for a single year and loses its eligibility to participate in Title IV Programs if it derives more than 90% of its revenue from Title IV Programs/Federal education assistance funds, as applicable, for two consecutive fiscal years. We are currently reviewing the potential impact of the proposed 90/10 rule and will be monitoring any proposed or final regulations promulgated by ED to carry out this change. • Administrative Capability . To continue its participation in Title IV Programs, an institution must demonstrate that it remains administratively capable of providing the education it promises and of properly managing the Title IV Programs. ED assesses the administrative capability of each institution that participates in Title IV Programs under a series of standards listed in the regulations, which cover a wide range of operational and administrative topics, including the designation of capable and qualified individuals, the quality and scope of written procedures, the adequacy of institutional communication and processes, the timely resolution of issues, the sufficiency of recordkeeping, and the frequency of findings of noncompliance, to name a few. ED’s administrative capability standards also include thresholds and expectations for federal student loan cohort default rates (discussed below), satisfactory academic progress, and loan counseling. Failure to satisfy any of the standards may lead ED to find the institution ineligible to participate in Title IV Programs, require the institution to repay Title IV Program funds, change the method of payment of Title IV Program funds, place the institution on provisional certification as a condition of its continued participation or take other actions against the institution. • Three-Year Student Loan Default Rates. To remain eligible to participate in Title IV Programs, institutions also must maintain federal student loan cohort default rates below specified levels. An institution whose three-year cohort default rate is 15% or greater for any one of the three preceding years is subject to a 30-day delay in receiving the first disbursement on federal student loans for first-time borrowers. As of September 30, 2022, Universal Technical Institute of Texas and MIAT College of Technology were subject to a 30-day delay in receiving the first disbursement on federal student loans for first-time borrowers due to a three-year cohort default rate that was 15% or greater for one of the three most recent years. • Financial Responsibility. All institutions participating in Title IV Programs also must satisfy specific ED standards of financial responsibility. Among other things, an institution must meet all of its financial obligations, including required refunds to students and any Title IV Program liabilities and debts, be current in its debt payments, comply with certain past performance requirements, and not receive any adverse, qualified, or disclaimed opinion by its accountants in its audited financial statements. Each year, ED also evaluates institutions’ financial responsibility by calculating a “composite score,” which utilizes information provided in the institutions’ annual audited financial statements. The composite score is based on three ratios: (1) the equity ratio which measures the institution’s capital resources, ability to borrow and financial viability; (2) the primary reserve ratio which measures the institution’s ability to support current operations from expendable resources; and (3) the net income ratio which measures the institution’s ability to operate at a profit. Between composite score calculations, ED also will reevaluate the financial responsibility of an institution following the occurrence of certain “triggering events,” which must be timely reported to the agency. • Title IV Program Rulemaking. ED is almost continuously engaged in one or more negotiated rulemakings, which is the process pursuant to which it revisits, revises, and expands the complex and voluminous Title IV Program regulations. ED is currently managing two significant rulemaking efforts. First, between October and December 2021, ED held three rounds of negotiations as part of the Affordability and Student Loans rulemaking. The negotiators considered nine issue areas, including the borrower defense to repayment rule, closed school loan discharges and loan repayment plans. Second, between January and March of 2022, ED held three rounds of negotiations as part of the Institutional and Programmatic Eligibility rulemaking. The negotiators considered seven issue areas, including administrative capability, financial responsibility, gainful employment, change of ownership and control, ability to benefit and the 90/10 rule. On October 28, 2022, ED published a final rule amending regulations governing Pell Grants for prison education programs, the 90/10 rule, and changes in ownership and control, effective July 1, 2023. On November 1, 2022, ED published a final rule governing borrower defense to repayment rule, closed school loan discharges, pre-dispute arbitration and class action waiver clauses, interest capitalization on Federal student loans, Public Student Loan Forgiveness, total and permanent disability discharges, and false certification discharges, also effective July 1, 2023. The regulated community is awaiting proposed rules on the remaining topics covered by ED’s negotiated rulemakings. We devote significant effort to understanding the effects of ED regulations and rulemakings on our business and to developing compliant solutions that also are congruent with our business, culture, and mission to serve our students and industry relationships. Department of Veterans Affairs Benefit Programs Some of our students also receive financial aid from federal sources other than Title IV Programs, such as the programs administered by the Department of Veterans Affairs (“VA”), the Department of Defense (“DOD”) and under the Workforce Innovation and Opportunity Act. In 2022, we derived approximately 13% of our revenues, on a cash basis, from veterans’ benefits programs, which include the Post-9/11 GI Bill, the Montgomery GI Bill, the Reserve Education Assistance Program (“REAP”) and VA Vocational Rehabilitation. To continue participation in veterans’ benefits programs, an institution must comply with certain requirements established by the VA. Other Federal and State Student Aid Programs Additionally, some states provide financial aid to our students in the form of grants, loans or scholarships. Our Long Beach, Rancho Cucamonga and Sacramento, California campuses, for example, are currently eligible to participate in the Cal Grant program. All of our institutions must comply with the eligibility and participation requirements applicable to each of these funding programs, which vary by funding agency and program. Consumer Protections Laws and Regulations As a postsecondary educational institution, we are subject to a broad range of consumer protection and other laws, such as recruiting, marketing, the protection of personal information, student financing and payment servicing, enforced by federal agencies such as the FTC and CFPB and various state agencies and state attorneys general. We devote significant effort to complying with state and federal consumer protection laws. We received a January 18, 2022 letter from the Consumer Financial Protection Bureau (“CFPB”) explaining that it was assessing whether UTI “is subject to the CFPB’s supervisory authority based on its activities related to student lending.” The CFPB’s letter then requested certain information about extensions of credit to UTI students; generally explained the source and scope of the CFPB’s regulatory authority; and advised that, after it reviewed the requested materials, the CFPB “anticipates providing guidance regarding whether UTI is subject to CFPB’s supervisory authority.” We have provided the requested information and are awaiting further guidance, if any, from the CFPB. We, along with 69 other proprietary institutions, received an October 6, 2021 letter from the FTC providing notice that engaging in deceptive or unfair conduct in the education marketplace violates consumer protection laws and could lead to significant civil penalties. The notice stated that an institutions receipt of the letter “does not reflect any assessment as to whether they have engaged in deceptive or unfair conduct,” and the FTC did not request any information. The CARES Act, the CRRSAA, and the ARPA During fiscal 2020 and 2021, various pieces of legislation were issued related to the COVID-19 pandemic, including the Coronavirus Aid Relief, and Economic Security Act (“CARES Act”), the Coronavirus Response and Relief Supplemental Appropriations Act 2021 (“CRRSAA”) and the American Rescue Plan Act (“ARPA”). This legislation created additional regulatory flexibilities for institutions of higher education and established the Higher Education Emergency Relief Fund to support institutions and eligible students impacted by the COVID-19 pandemic. On March 31, 2021, ED published its Guide for Compliance Attestation Engagements of Proprietary Schools Expending Higher Education Emergency Relief Fund Grants (the “Guide”). We completed the required audit of our participation in the HEERF grant program for the year ended September 30, 2020 which was filed with the ED on July 26, 2021. We have reviewed and implemented many of the flexibilities created by Congress and ED’s guidance. We continue to review new guidance from ED and to implement available legislative and regulatory relief as applicable. Distance Education In response to the COVID-19 pandemic, ED provided broad approval for institutions to use distance education without going through the standard ED approval process. ED also permitted accreditors to waive their distance education review requirements. Taking advantage of these flexibilities, we transitioned our students into blended program formats, which permitted their non-clinical training to be offered online. ED’s temporary flexibilities currently remain in place and will continue through the end of the payment period that begins after the date on which the federally-declared national emergency related to COVID-19 is rescinded. However, having observed that our blended learning programs offer a range of academic, operational, and financial efficiencies, we have determined to seek the permanent approvals that will permit us to continue offering blended learning programming after the noted temporary flexibilities have expired. We also continue to work to ensure that our blended learning programming complies with applicable distance education rules and standards, including ED’s new distance education rules, which became effective July 1, 2021. We intend to offer our Automotive, Diesel, Automotive/Diesel, Motorcycle and Marine programs in a blended learning format on a permanent basis. Additionally, we intend to continue to invest in our blended learning platform and curriculum to further enhance the student experience and student outcomes. To date, we have received approval from ACCSC to permanently offer blended format programs that utilize both distance and on-ground education. Additionally, we have received permanent approvals by all state education authorizing agencies to offer blended format programs.

Higher Education Emergency Reli

Higher Education Emergency Relief Fund under the CARES Act	12 Months Ended
	Sep. 30, 2022
Unusual or Infrequent Items, or Both [Abstract]
Higher Education Emergency Relief Fund under the CARES Act	Higher Education Emergency Relief Fund under the CARES Act Fiscal 2020 HEERF I Grants for Students and for Significant Changes to the Delivery of Instruction Due to the Coronavirus under the CARES Act In 2020, the CARES Act established the HEERF. The HEERF includes approximately $14.0 billion in relief funds to be distributed directly to institutions of higher education. The most significant portion of that funding allocation provides that $12.56 billion will be distributed to institutions using a formula based on student enrollment. Of the amount allocated to each institution under this formula, at least 50% must be reserved to provide students with emergency financial aid grants to help cover expenses related to the disruption of campus operations due to coronavirus. The remaining funds must be used “to cover any costs associated with significant changes to the delivery of instruction due to the coronavirus.” HEERF Funds for Student Grants Per the HEERF Funding and Certification Agreements, at least 50% of HEERF funds received were to be used exclusively for emergency financial aid grants to students impacted by COVID-19, supporting their efforts to stay in school and continue their training toward graduation and future careers. In May 2020, we received approximately $16.5 million designated for student grants and deposited these funds into a separate restricted cash account. As of September 30, 2020, we had awarded all $16.5 million designated for student grants to approximately 9,000 students. HEERF Funds for Significant Changes to the Delivery of Instruction Due to Coronavirus In addition, in May of 2020 we were awarded approximately $16.5 million for the institutional portion of the HEERF funds. Such funds may be used to provide additional emergency financial aid grants to students, to cover institutional costs associated with significant changes to the delivery of instruction due to coronavirus, or not used at all and returned to the government. During the years ended September 30, 2020 and 2021, we drew down and utilized the HEERF Institutional funds granted to us as previously noted in our Supplemental Cash Flow disclosures. Fiscal 2021 HEERF II Grant for Students under the CRRSAA and HEERF III Grant for Students under the ARPA The CRRSAA includes HEERF II, which makes an additional $22.7 billion available to higher education institutions. Of this amount, private, proprietary institutions are allocated approximately $681 million. The statute permits proprietary institutions to use HEERF II funds to provide financial aid grants to students and requires that institutions prioritize the grants to students with exceptional need, such as students who receive Pell Grants. In accordance with the ED’s allocation schedule, during the year ended September 30, 2021, we were granted approximately $16.8 million for purposes of funding HEERF II student grants. The ARPA includes almost $40 billion in funding available to higher education institutions under the HEERF III. Of this amount, private, proprietary institutions are allocated approximately $396 million and may only use HEERF III funding to provide emergency financial aid grants to students. In accordance with the ED’s allocation schedule, during the year ended September 30, 2021, we were granted approximately $9.9 million for purposes of funding HEERF III student grants.

Subsequent Events

Subsequent Events	12 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Revolving Credit Facility On November 18, 2022, we entered into a $100.0 million senior secured revolving credit facility with Fifth Third Bank, a national banking association (the “Credit Facility”), which includes a $20.0 million sub facility that is available for letters of credit. The Credit Facility has a term of three years, unless earlier terminated pursuant to the terms and conditions set forth in the credit agreement. This agreement provides that the revolver will amortize on an interest-only basis during its term with principal able to be borrowed, re-paid and re-borrowed throughout the term of the Facility and with the outstanding principal due and payable at maturity. Advances made under the Credit Facility will bear interest at a floating rate equal to, at our option, either (a) a variable rate equal to the greater of: (i) 3.5%, or (ii) the rate that the lender publicly announces, publishes or designates from time to time as its index rate or prime rate, or any successor rate thereto, in effect at its principal office, or (b) a variable rate equal to the greater of (i) 0%, or (ii) Term SOFR relating to quotations for one (1) or three (3) months, as selected by us or as otherwise set pursuant to the terms of the credit agreement, as applicable, plus, in the case of any Term SOFR loan, an adjustment equal to 0.10% if the interest period is one (1) month and 0.15% if the interest period is three (3) months. Interest in the case of tranche rate loans will be increased by an applicable margin that varies from 1.75% up to 2.25% based on our then-current total leverage ratio. On November 28, 2022, we drew $90.0 million from the credit facility in support of the closing of the Concorde acquisition. We are also subject to certain customary affirmative and negative covenants under the credit agreement for financing generally and for the Credit Facility, including financial covenants such as total leverage ratio, a fixed charge coverage ratio, and a quick ratio. In addition, we are required to maintain a financial responsibility composite score of at least 1.4 as of the end of the fiscal year ending September 30, 2023 and of at least 1.5 as of the end of any fiscal year thereafter. Lastly, we are subject to a “clean off” provision, under which we will not permit the amount outstanding on the Credit Facility to exceed $20.0 million for a single thirty (30) consecutive day period, during the period commencing on the date of the initial draw under the Credit Facility and ending on the date which falls twenty (20) months thereafter. Acquisition of Concorde Career Colleges, Inc. On December 1, 2022, we completed the acquisition contemplated by the previously announced Stock Purchase Agreement (the “Purchase Agreement”), dated May 3, 2022, by and among UTI, Concorde Career Colleges, Inc., a Delaware corporation (“Concorde”); Liberty Partners Holdings 28, L.L.C., a Delaware limited liability company, and Liberty Investment IIC, LLC, a Delaware limited liability company (each a “Seller,” and collectively, the “Sellers”); and Liberty Partners L.P., a Delaware limited partnership, in its capacity as a representative of the Sellers. Concorde is a leading provider of industry-aligned healthcare education programs in fields such as nursing, dental hygiene and medical diagnostics. Concorde operates 17 campuses across eight states with approximately 8,000 students, and offers its programs in ground, hybrid and online formats. The acquisition aligns with our growth and diversification strategy, which is focused on offering a broader array of high-quality, in-demand workforce solutions which both prepare students for a variety of careers in fast-growing fields and help close the country's skills gap by leveraging key industry partnerships. Under the terms of the Purchase Agreement, we acquired all of the issued and outstanding shares of capital stock of Concorde from the Seller for total consideration of $50.0 million in cash, subject to closing working capital adjustments. As a result, Concorde is now a wholly-owned subsidiary of UTI. The consideration paid was funded by the new Credit Facility established in November 2022. In connection with this acquisition, we incurred transaction costs of $3.0 million during the year ended September 30, 2022, which are included in “Selling, general and administrative” expenses in the accompanying consolidated statements of operations.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of UTI and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions. Such estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates and assumptions, including those related to revenue recognition, the proprietary loan program, allowance for uncollectible accounts, investments, property and equipment, goodwill recoverability, self-insurance claim liabilities, income taxes, contingencies and stock-based compensation. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. The results of our analysis form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions, and the impact of such differences may be material to our consolidated financial statements.
Revenue Recognition	Revenue Recognition Postsecondary education Revenues consist primarily of student tuition and fees derived from the programs we provide after reductions are made for discounts and scholarships that we sponsor and for refunds for students who withdraw from our programs prior to specified dates. We apply the five-step model outlined in Accounting Standards Codification Topic 606, Revenue from Contracts from Customers (“ASC 606”). Tuition and fee revenue is recognized ratably over the term of the course or program offered. Approximately 99% of our revenues for each of the years ended September 30, 2022, 2021 and 2020, respectively, consisted of gross tuition. The majority of our UTI programs are designed to be completed in 36 to 90 weeks while our MIAT programs are completed in 28 to 96 weeks. Our advanced training programs range from 12 to 23 weeks in duration. We supplement our revenues with sales of textbooks and program supplies and other revenues, which are recognized as the transfer of goods or services occurs. Deferred revenue represents the excess of tuition and fee payments received as compared to tuition and fees earned and is reflected as a current liability in our consolidated balance sheets because it is expected to be earned within the next 12 months. Other We provide dealer technician training or instructor staffing services to manufacturers. Revenues are recognized as transfer of the services occurs. Nature of Goods and Services See Note 2 for a description of the nature of revenues. Postsecondary Education Revenues consist primarily of student tuition and fees derived from the programs we provide after reductions are made for discounts and scholarships that we sponsor and for refunds for students who withdraw from our programs prior to specified dates. We apply the five-step model outlined in ASC 606. Tuition and fee revenue is recognized ratably over the term of the course or program offered. The majority of our UTI programs are designed to be completed in 36 to 90 weeks while our MIAT programs are completed in 28 to 96 weeks. Our advanced training programs range from 12 to 23 weeks in durations. We supplement our revenues with sales of textbooks and program supplies and other revenues, which are recognized as the transfer of goods or services occurs. Deferred revenue represents the excess of tuition and fee payments received as compared to tuition and fees earned and is reflected as a current liability in our consolidated balance sheets because it is expected to be earned within the next 12 months. Additionally, certain students participate in the proprietary loan program that extends repayment terms for their tuition. We purchase said loans from the lender and, based on historical collection rates, believe a portion of these loans are collectible. Accordingly, we recognize tuition and loan origination fees financed by the loan and any related interest revenue under the effective interest method required under the loan based on the amount we expect to collect, and we recognize these revenues ratably over the term of the course or program offered. Other We provide dealer technician training or instructor staffing services to manufacturers. Revenues are recognized as transfer of the services occurs. We provide postsecondary education and other services in the same geographical market, the United States. The impact of economic factors on the nature, amount, timing and uncertainty of revenue and cash flows is consistent among our various postsecondary education programs. See Note 23 for disaggregated segment revenue information. Contract Balances Contract assets primarily relate to our rights to consideration for a student’s progress through our training program in relation to our services performed but not billed at the reporting date. The contract assets are transferred to the receivables when the rights become unconditional. Currently, we do not have any contract assets that have not transferred to a receivable. Our deferred revenue is considered a contract liability and primarily relates to our enrollment agreements where we received payments for tuition but we have not yet delivered the related training programs to satisfying the related performance obligations. The advance consideration received from students or Title IV funding is deferred revenue until the training program has been delivered to the students.
Proprietary Loan Program	Proprietary Loan Program In order to provide funding for students who are not able to fully finance the cost of their education under traditional governmental financial aid programs, commercial loan programs or other alternative sources, we established a private loan program with a bank. Through the proprietary loan program, the bank provides the students who participate in this program with extended payment terms for a portion of their tuition. Based on historical collection rates, we can demonstrate that a portion of these loans are collectible. Accordingly, we recognize tuition and loan origination fees financed by the loan and any related interest revenue under the effective interest method required under the loan based on this collection rate. Under the terms of the proprietary loan program, the bank originates loans for our students who meet specific credit criteria with the related proceeds used exclusively to fund a portion of their tuition. We then purchase all such loans from the bank at least monthly and assume all of the related credit risk. The loans bear interest at market rates ranging from approximately 7% to 10%; however, principal and interest payments are not required until six months after the student completes or withdraws from his or her program. After the deferral period, monthly principal and interest payments are required over the related term of the loan. The repayment term is up to 10 years. The bank provides these services in exchange for a fee at a percentage of the principal balance of each loan and related fees. Under the terms of the related agreement, we transfer funds for loan purchases to a deposit account with the bank in advance of the bank funding the loan, which secures our related loan purchase obligation. Such funds are classified as restricted cash in our consolidated balance sheet. All related expenses incurred with the bank or other service providers are expensed as incurred within educational services and facilities expense and were approximately $1.1 million, $1.1 million, and $0.9 million for the years ended September 30, 2022, 2021, and 2020, respectively. The portion of tuition revenue related to the proprietary loan program is considered a form of variable consideration. We estimate the amount we ultimately expect to collect from the portion of tuition that is funded by the proprietary loan program, resulting in a note receivable. Estimating the collection rate requires significant management judgment. Upon adoption of ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) as of October 1, 2020, we revised our estimated collection rate to only include historical collections from the past ten years as we determined that such population better represents our current expected collections and aligns with the typical term of the loan. The estimated amount is determined at the inception of the contract, and we recognize the related revenue as the student progresses through school. Each reporting period, we update our assessment of the variable collection rate associated with the proprietary loan program.
Restricted Cash	Restricted CashRestricted cash includes funds held as collateral for certain of the surety bonds that our insurers issue on behalf of our campuses and admissions representatives with multiple states which are required to maintain authorization to conduct our business, funds transferred in advance of loan purchases under the proprietary loan program and funds held for students from Title IV financial aid program funds that result in credit balances on a student’s account.
Allowance for Uncollectible Accounts	Allowance for Uncollectible Accounts We maintain an allowance for uncollectible accounts for estimated losses resulting from the inability, failure or refusal of our students to make required payments. We offer a variety of payment plans to help students pay that portion of their education expenses not covered by financial aid programs or alternate fund sources, which are unsecured and not guaranteed. Management analyzes accounts receivable, historical percentages of uncollectible accounts, customer credit worthiness and changes in payment history when evaluating the adequacy of the allowance for uncollectible accounts. We use an internal
Property and Equipment	Property and Equipment Property, equipment and leasehold improvements are recorded at cost less accumulated depreciation and amortization. Depreciation and amortization expense are calculated using the straight-line method over the estimated useful lives of the related assets. Amortization of leasehold improvements is calculated using the straight-line method over the remaining useful life of the asset or term of lease, whichever is shorter. Costs relating to software developed for internal use and curriculum development are capitalized and amortized using the straight-line method over the related estimated useful lives. Such costs include direct costs of materials and services as well as payroll and related costs for employees who are directly associated with the projects. Maintenance and repairs are expensed as incurred. We review the carrying value of our property and equipment for possible impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. We evaluate our long-lived assets for impairment by examining estimated future cash flows. These cash flows are evaluated by using probability weighting techniques as well as comparisons of past performance against projections. Assets may also be evaluated by identifying independent market values. If we determine that an asset’s carrying value is impaired, we will write-down the carrying value of the asset to its estimated fair value and charge the impairment as an operating expense in the period in which the determination is made. There were no impairment charges recorded for property and equipment for the years ended September 30, 2022, 2021 and 2020.
Goodwill and Intangible Assets	Goodwill and Intangible Assets We test goodwill and indefinite-lived intangible assets for impairment annually as of August 1, or more frequently if events and circumstances warrant. Under ASC 350, Intangibles - Goodwill and Other , to evaluate the impairment of goodwill, we first assess qualitative factors, such as deterioration in the operating performance of the acquired business, adverse market conditions, adverse changes in the applicable laws or regulations and a variety of other circumstances, to determine whether it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount. To evaluate the impairment of the indefinite-lived intangible assets, we assess the fair value of the assets to determine whether they were greater or less than the carrying values. If we conclude that it is more likely than not that the fair value is less than the carrying amount based on our qualitative assessment, or that a qualitative assessment should not be performed, we proceed with the quantitative impairment tests to compare the estimated fair value of the reporting unit to the carrying value of its net assets. Determining the fair value of indefinite-lived intangible assets is judgmental in nature and involves the use of significant estimates and assumptions. We believe the most critical assumptions and estimates in determining the estimated fair value of our reporting units include, but are not limited to, future tuition revenues, operating costs, working capital changes, capital expenditures and a discount rate. The assumptions used in determining our expected future cash flows consider various factors such as historical operating trends particularly in student enrollment and pricing and long-term operating strategies and initiatives. There were no indicators of impairment for our goodwill as of September 30, 2022. We also have definite-lived intangible assets, which primarily consist of purchased intangibles and capitalized curriculum development costs. The definite-lived intangible assets are recognized at cost less accumulated amortization. Amortization is computed using the straight-line method based on estimated useful lives of the related assets. See Note 10 and Note 11 for additional details on our goodwill and intangible assets.
Self-Insurance Plans	Self-Insurance PlansWe are self-insured for claims related to employee health and dental care and claims related to workers’ compensation. Liabilities associated with these plans are estimated by management with consideration of our historical loss experience, severity factors and independent actuarial analysis. Our claim liabilities are based on estimates, and while we believe the amounts accrued are adequate, the ultimate losses may differ from the amounts provided.
Leases	Leases We lease the majority of our administrative and educational facilities under operating lease agreements. Upon adoption of Accounting Standards Codification Topic 842, Leases (“ASC 842”) as of October 1, 2019, we derecognized our previously recorded deferred rent balance. ASC 842 requires lessees to recognize a right-of-use (“ROU”) asset and a lease liability on the balance sheet for substantially all leases, with the exception of short-term leases. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of income. We adopted ASC 842 under a modified retrospective method without the recasting of comparative periods’ financial information. To determine if a contract is or contains a lease, we considered whether (1) explicitly or implicitly identified assets have been deployed in the contract and (2) we obtain substantially all of the economic benefits from the use of that underlying asset and direct how and for what purpose the asset is used during the term of the contract. If we determine a contract is, or contains, a lease, we assess whether the contract contains multiple lease components. We consider a lease component to be separate from other lease components in the contract if (a) we can benefit from the right of use either on its own or together with other resources that are readily available to us and (b) the right of use is neither highly dependent on nor highly interrelated with the other right(s) to use underlying assets in the contract. In contracts involving the use of real estate, we separate the right to use land from other underlying assets unless the effect of separating the land is insignificant to the resulting lease accounting. We have elected to account for the lease and non-lease components as a single lease component.
Advertising Costs	Advertising CostsCosts related to advertising are expensed as incurred
Stock-Based Compensation	Stock-Based Compensation Historically, we have issued restricted stock units and stock options. All restricted stock units are subject to service vesting conditions, while some are also subject to performance conditions. We measure all share-based payments to employees at estimated fair value. We recognize the compensation expense for restricted stock units with only service conditions on a straight-line basis over the requisite service period. We granted restricted stock units with service only conditions (“RSUs”) and restricted stock units with both service and performance conditions (“PSUs”) during the years ended September 30, 2022, 2021 and 2020. We did not grant any stock options during the years ended September 30, 2022, 2021 and 2020. Shares issued under our equity compensation plans are new shares. Compensation expense associated with RSUs, PSUs or stock options is measured based on the grant date fair value of our common stock. The requisite service period for RSUs and PSUs is generally the vesting period. We estimate the fair value of PSUs using a Monte Carlo simulation which requires assumptions for expected volatility, risk-free rates of return, and dividend yields. Expected volatilities are derived using a method that calculates historical volatility over a period equal to the length of the measurement period for UTI. We use a risk-free rate of return that is equal to the yield of a zero-coupon U.S. Treasury bill that is commensurate with each measurement period, and we assume that any dividends paid were reinvested. Actual results against the performance condition are measured at the end of the performance period, which typically coincides with the vesting period. The fair value of the PSUs is amortized on a straight-line basis over the requisite service period based upon the fair market value on the date of grant, adjusted on a quarterly basis for the anticipated or actual achievement against the established performance condition.
Income Taxes	Income TaxesWe recognize deferred tax assets and liabilities for the estimated future tax consequences of events attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. We also recognize deferred tax assets for net operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the differences are expected to be recovered or settled. Deferred tax assets are reduced through a valuation allowance if it is more likely than not that the deferred tax assets will not be realized. See Note 17 for additional details.
Concentration of Risk	Concentration of Risk Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, restricted cash, short-term held-to-maturity investments and receivables. As of September 30, 2022, we held cash and cash equivalents of $66.5 million, restricted cash of $3.5 million, and held-to-maturity investments of $28.9 million. We place our cash and cash equivalents, restricted cash, and held-to-maturity investments with high quality financial institutions and limit the amount of credit exposure with any one financial institution. We mitigate the concentration risk of our investments by limiting the amount invested in any one issuer. We mitigate the risk associated with our investment in corporate bonds by requiring a minimum credit rating of A. We have the ability and intention to hold our short-term investments until maturity and therefore have classified these investments as held-to-maturity and recorded them at amortized cost. We extend credit for tuition and fees, for a limited period of time, to a majority of our students. A substantial portion is repaid through the student’s participation in federally funded financial aid programs. Transfers of funds from the financial aid programs to us are made in accordance with the ED requirements. Approximately 67% of our revenues, on a cash basis, were collected from funds distributed under Title IV Programs for the year ended September 30, 2022 as calculated under the 90/10 rule. Additionally, approximately 13% of our revenues, on a cash basis, were collected from funds distributed under various veterans benefits programs for the year ended September 30, 2022. The financial aid and veterans benefits programs are subject to political and budgetary considerations. There is no assurance that such funding will be maintained at current levels. Extensive and complex regulations govern the financial assistance programs in which our students participate. Our administration of these programs is periodically reviewed by various regulatory agencies. Any regulatory violation could be the basis for the initiation of potential adverse actions, including a suspension, limitation, placement on reimbursement status or termination proceeding, which could have a material adverse effect on our business. ED and other regulators have increased the frequency and severity of their enforcement actions against postsecondary schools which have resulted in the imposition of material liabilities, sanctions, letter of credit requirements and other restrictions and, in some cases, resulted in the loss of schools’ eligibility to receive Title IV funds or in closure of the schools. If any of our institutions were to lose its eligibility to participate in federal student financial aid programs, the students at that institution would lose access to funds derived from those programs and would have to seek alternative sources of funds to pay their tuition and fees. Students obtain access to federal student financial aid through an ED prescribed application and eligibility certification process. Student financial aid funds are generally made available to students at prescribed intervals throughout their predetermined expected length of study. Students typically apply the funds received from the federal financial aid programs to pay their tuition and fees. The transfer of funds is from the financial aid program to the student, who then uses those funds to pay for a portion of the cost of their education. The receipt of financial aid funds reduces the student’s amounts due to us and has no impact on revenue recognition, as the transfer relates to the source of funding for the costs of education, which may occur either through Title IV or other funds and resources available to the student.
Fair Value of Financial Instruments	Fair Value of Financial InstrumentsThe carrying value of cash equivalents, restricted cash, held-to-maturity investments, accounts receivable, accounts payable, accrued liabilities and deferred tuition approximates their respective fair value as of September 30, 2022 and 2021 due to the short-term nature of these instruments.
Start-up Costs	Start-up Costs Costs related to the start-up of new campuses and programs are expensed as incurred.
Derivative Financial Instruments	Derivative Financial Instruments On occasion, we may use interest rate swaps to manage interest rate risk and limit the impact of future interest rate changes on earnings and cash flows, primarily with variable-rate debt. We do not use derivative financial instruments for trading or speculative purposes. We recognize all derivatives at fair value within the line items “Other current assets,” “Other assets,” “Other current liabilities,” and “Other liabilities” on the consolidated balance sheet. Management reviews our derivative positions and overall risk management strategy on a regular basis. We only enter into transactions that we believe will be highly effective at offsetting the underlying risk, and we do not use derivatives for trading or speculative purposes. We may choose to designate our derivative financial instruments, which are generally interest rate swaps, to hedge future interest payments on variable debt. At inception of the transaction, we formally designate and document the derivative financial instrument as a hedge of a specific underlying exposure, the risk management objective, and strategy for undertaking the hedge transaction. We formally assess both at inception and at least quarterly thereafter, the effectiveness of our hedging transactions. Due to the high degree of effectiveness between the hedging instruments and the underlying exposures hedged, fluctuations in the value of the derivative financial instruments will generally be offset by the changes in the cash flows or fair value of the underlying exposures being hedged. Changes in the fair value of derivatives that are designated and qualify as cash flow hedges are recorded in “Accumulated other comprehensive income (loss)” on the consolidated balance sheets. For cash flow hedges, we report the effective portion of the gain or loss as a component of “Accumulated other comprehensive income (loss)” and reclassify it to “Interest expense” in the consolidated statements of operations over the corresponding period of the underlying hedged item. The ineffective portion of the change in fair value of a derivative financial instrument is recognized in “Interest expense” at the time the ineffectiveness occurs. To the extent the hedged forecasted interest payments on debt related to our interest rate swap is paid off, the remaining balance in “Accumulated other comprehensive income (loss)” is recognized in “Interest expense” in the consolidated statements of operations.
Accounting Pronouncements Effective in Fiscal Year/Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Effective in Fiscal 2022 In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). The amendments in ASU 2019-12 simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. We have evaluated the new guidance and determined that there is no material impact on our results of operations, financial condition and financial statement disclosures. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (“ASU 2021-08”). The amendments in ASU 2021-08 require that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts from Customers (“ASC 606”). At the acquisition date, an acquirer should account for the related revenue contracts in accordance with ASC 606 as if it had originated the contracts. To achieve this, an acquirer may assess how the acquiree applied ASC 606 to determine what to record for the acquired revenue contracts. Generally, this should result in an acquirer recognizing and measuring the acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements (if the acquiree financial statements were prepared in accordance with generally accepted accounting principles). For public business entities, the amendments in ASU 2021-08 are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption of ASU 2021-08 is permitted, including adoption in an interim period. An entity that early adopts in an interim period should apply the amendments (1) retrospectively to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early application and (2) prospectively to all business combinations that occur on or after the date of initial application. Due to the MIAT acquisition on November 1, 2021, we have elected to early adopt ASU 2021-08 as of October 1, 2021 and have applied the guidance in ASU 2021-08 to the deferred revenue recorded for MIAT. See Note 4 for further information on the acquisition of MIAT. Accounting Pronouncements Not Yet Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting

Acquisition MIAT College of T_2

Acquisition MIAT College of Technology (Tables)	12 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The final allocation of the purchase price at November 1, 2021 is summarized as follows: Assets acquired: Cash and cash equivalents $ 2,301 Accounts receivable, net 3,230 Prepaid expenses 268 Other current assets 507 Property and equipment 3,043 Goodwill 8,637 Intangible assets 16,200 Right-of-use assets for operating leases 14,979 Other assets 314 Total assets acquired $ 49,479 Less: Liabilities assumed Accounts payable and accrued expenses $ 1,720 Deferred revenue 1,843 Operating lease liability, current portion 817 Deferred tax liabilities, net 1,975 Operating lease liability 14,216 Other liabilities 93 Total liabilities assumed 20,664 Net assets acquired $ 28,815

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability	The following table provides information about receivables and deferred revenue resulting from our enrollment agreements with students: September 30, 2022 2021 Receivables, which includes tuition and notes receivable $ 46,826 $ 46,489 Deferred revenue $ 54,223 $ 57,648

Receivables, net (Tables)

Receivables, net (Tables)	12 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Receivables, net	Receivables, net consist of the following: September 30, 2022 2021 Tuition receivables $ 18,931 $ 16,265 Other receivables 3,153 3,673 Total receivables 22,084 19,938 Less: allowance for uncollectible accounts (5,634) (2,787) Receivables, net $ 16,450 $ 17,151
Summary of the Activity for our Allowance for Uncollectible Accounts	The following table summarizes the activity for our allowance for uncollectible accounts for the years ended September 30, 2022, 2021 and 2020: Year Ended September 30, 2022 2021 2020 Balance at beginning of period $ 2,787 $ 1,793 $ 1,097 Additions due to opening balance of MIAT acquisition 1,682 — — Additions to bad debt expense 2,510 1,718 1,767 Write-offs of uncollectible accounts (1,345) (724) (1,071) Balance at end of period $ 5,634 $ 2,787 $ 1,793

Investments (Tables)

Investments (Tables)	12 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Held-to-Maturity Investments	The amortized cost, gross unrealized gains or losses, and fair value of held-to-maturity investments at September 30, 2022 are noted in the table below. As of September 30, 2021, there were no outstanding held-to-maturity investments. September 30, 2022 Gross Unrealized Estimated Fair Due in less than 1 year: Amortized Cost Gains Losses Market Value Corporate, municipal bonds and other $ 28,918 $ — $ (19) $ 28,899

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Summary of Fair Value of Our Money Market Mutual Funds, Municipal Bonds and Certificates of Deposit	Assets measured or disclosed at fair value on a recurring basis consisted of the following: Fair Value Measurements Using September 30, 2022 Quoted Prices Significant Significant Money market funds (1) $ 23,439 $ 23,439 $ — $ — Notes receivable (2) 35,872 — — 35,872 Corporate bonds, municipal bonds, and other (3) 28,899 28,899 — — Total assets at fair value on a recurring basis $ 88,210 $ 52,338 $ — $ 35,872 Fair Value Measurements Using September 30, 2021 Quoted Prices Significant Significant Money market funds (1) $ 62,100 $ 62,100 $ — $ — Notes receivable (2) 36,124 — — 36,124 Total assets at fair value on a recurring basis $ 98,224 $ 62,100 $ — $ 36,124 (1) Money market funds and other highly liquid investments with maturity dates less than 90 days are reflected as “Cash and cash equivalents” in our consolidated balance sheets as of September 30, 2022 and 2021. (2) Notes receivable relate to the proprietary loan program and are reflected as “Notes receivable, current portion” and “Notes receivable, less current portion” in our consolidated balance sheets as of September 30, 2022 and 2021. See Note 2 for further discussion over the proprietary loan program. (3) Corporate bonds, municipal bonds and other are reflected as “Held-to-maturity investments” in our consolidated balance sheet as of September 30, 2022.

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	12 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following: September 30, Depreciable Lives (in years) 2022 2021 Land — $ 16,603 $ 8,355 Building and building improvements 3-30 126,244 71,036 Leasehold improvements 1-20 86,751 63,502 Training equipment 3-10 96,907 91,191 Office and computer equipment 3-10 31,900 31,718 Curriculum development 5 20,130 19,692 Software developed for internal use 1-5 12,150 12,524 Vehicles 5 1,458 1,436 Right-of-use assets for finance leases 2-3 215 215 Construction in progress — 16,359 10,171 408,717 309,840 Less: accumulated depreciation and amortization (194,425) (187,789) Property and equipment, net $ 214,292 $ 122,051

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying value of goodwill for the years ended September 30, 2022 and 2021 are presented in the table below. Year ended September 30, 2022 2021 Balance at beginning of period $ 8,222 $ 8,222 Additions to Goodwill for acquisition of MIAT 8,637 — Balance at end of period $ 16,859 $ 8,222

Intangible Assets, net (Tables)

Intangible Assets, net (Tables)	12 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets	The following table provides the gross carrying value, accumulated amortization, net book value and remaining useful life for intangible assets subject to amortization as of September 30, 2022: Gross Carrying Value Accumulated Amortization Net Book Value Weighted Average Remaining Useful Life (Years) Accreditations and regulatory approvals - MIAT $ 12,800 $ — $ 12,800 Indefinite Trademarks and trade names - MIAT 1,000 — 1,000 4.00 Curriculum - MIAT 400 (73) 327 4.08 Non-compete agreement and trade name 442 (354) 88 2.58 Total $ 14,642 $ (427) $ 14,215 3.93
Schedule of Finite-Lived Intangible Assets	The following table provides the gross carrying value, accumulated amortization, net book value and remaining useful life for intangible assets subject to amortization as of September 30, 2022: Gross Carrying Value Accumulated Amortization Net Book Value Weighted Average Remaining Useful Life (Years) Accreditations and regulatory approvals - MIAT $ 12,800 $ — $ 12,800 Indefinite Trademarks and trade names - MIAT 1,000 — 1,000 4.00 Curriculum - MIAT 400 (73) 327 4.08 Non-compete agreement and trade name 442 (354) 88 2.58 Total $ 14,642 $ (427) $ 14,215 3.93

Investment in Unconsolidated _2

Investment in Unconsolidated Affiliate (Tables)	12 Months Ended
	Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Investment in Unconsolidated Affiliate	Investment in unconsolidated affiliate is included within “Other assets” on our consolidated balance sheets as noted below: September 30, 2022 2021 Carrying Value Ownership Percentage Carrying Value Ownership Percentage Investment in JV $ — — % $ 4,627 28.0 % Investment in our unconsolidated affiliate included the following activity during the period: Year ended September 30, 2022 2021 Balance at beginning of period $ 4,627 $ 4,494 Equity in earnings of unconsolidated affiliate 113 410 Return of capital contribution from unconsolidated affiliate (188) (277) Dissolution of unconsolidated affiliate (4,552) — Balance at end of period $ — $ 4,627

Leases (Tables)

Leases (Tables)	12 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of Components of Lease Expense	The components of lease expense during the years ended September 30, 2022, 2021, and 2020 are presented below. The operating lease expense excludes expense for short-term leases not accounted for under ASC 842, which was not significant for the years ended September 30, 2022, 2021, or 2020. Year ended September 30, Lease Expense 2022 2021 2020 Operating lease expense $ 22,424 $ 22,623 $ 29,348 Finance lease expense: Amortization of leased assets 72 123 102 Interest on lease liabilities 2 6 7 Variable lease expense 5,469 3,682 4,120 Sublease income (155) (444) (744) Total net lease expense $ 27,812 $ 25,990 $ 32,833
Schedule of Supplemental Information	Supplemental balance sheet, cash flow and other information related to our leases was as follows: September 30, Leases Classification 2022 2021 Assets: Operating lease assets Right-of-use assets for operating leases $ 132,038 $ 159,075 Finance lease assets Property and equipment, net (1) 22 94 Total leased assets $ 132,060 $ 159,169 Liabilities: Current Operating lease liabilities Operating lease liability, current portion $ 12,959 $ 14,075 Finance lease liabilities Long-term debt, current portion 23 73 Noncurrent Operating lease liabilities Operating lease liability 129,302 153,228 Finance lease liabilities Long-term debt — 23 Total lease liabilities $ 142,284 $ 167,399 (1) Finance lease assets are recorded net of accumulated amortization of $0.2 million and $0.1 million as of September 30, 2022 and 2021, respectively. September 30, Lease Term and Discount Rate 2022 2021 Weighted-average remaining lease term (in years): Operating leases 8.92 9.37 Finance leases 0.33 1.32 Weighted average discount rate: Operating leases 3.91 % 4.31 % Finance leases 3.08 % 3.08 % Year ended September 30, Supplemental Disclosure of Cash Flow Information and Other Information 2022 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 13,952 $ 20,469 $ 25,617 Financing cash flows from finance leases 73 119 99 Non-cash activity related to lease liabilities: Lease assets obtained in exchange for new operating lease liabilities $ 3,313 $ 30,017 $ 20,321 Leases assets obtained in exchange for new finance lease liabilities — — 215
Schedule of Maturities of Operating Lease Liabilities	Maturities of lease liabilities were as follows: As of September 30, 2022 Years ending September 30, Operating Leases Finance Leases 2023 $ 16,673 $ 23 2024 19,005 — 2025 19,228 — 2026 19,447 — 2027 19,469 — 2028 and thereafter 74,507 — Total lease payments 168,329 23 Less: interest (26,068) — Present value of lease liabilities 142,261 23 Less: current lease liabilities (12,959) (23) Long-term lease liabilities $ 129,302 $ —
Schedule of Maturities of Finance Lease Liabilities	Maturities of lease liabilities were as follows: As of September 30, 2022 Years ending September 30, Operating Leases Finance Leases 2023 $ 16,673 $ 23 2024 19,005 — 2025 19,228 — 2026 19,447 — 2027 19,469 — 2028 and thereafter 74,507 — Total lease payments 168,329 23 Less: interest (26,068) — Present value of lease liabilities 142,261 23 Less: current lease liabilities (12,959) (23) Long-term lease liabilities $ 129,302 $ —

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Sep. 30, 2022
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consisted of the following: September 30, 2022 2021 Accounts payable $ 21,746 $ 13,702 Accrued compensation and benefits 28,430 29,506 Other accrued expenses 13,328 11,189 Accounts payable and accrued expenses $ 63,504 $ 54,397

Debt (Tables)

Debt (Tables)	12 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	September 30, 2022 September 30, 2021 Interest Rate Maturity Date Carrying Value of Debt (6) Carrying Value of Debt (6) Avondale Term Loan (1) 4.56 % May 2028 $ 30,083 $ 30,886 Lisle Term Loan - VN (2) 4.51 % Apr 2029 38,000 — Lisle Term Loan - WA (3) 5.29 % Nov 2031 — — Finance leases (4) 3.08 % Various 23 96 Total debt 68,106 30,982 September 30, 2022 September 30, 2021 Interest Rate Maturity Date Carrying Value of Debt (6) Carrying Value of Debt (6) Debt issuance costs presented with debt (5) (568) (256) Total debt, net 67,538 30,726 Less: current portion of long-term debt (1,115) (876) Long-term debt $ 66,423 $ 29,850 (1) Interest on the Avondale Term Loan (as defined below) accrues at annual rate equal to the LIBOR plus 2.0%. (2) Interest on the Lisle Term Loan - VN (as defined below) accrues at annual rate equal to the SOFR plus 2.0%. (3) The Lisle Term Loan - WA (as defined below) was paid off and retired. (4) Our finance leases include finance lease arrangements related to various equipment with a weighted-average annual interest rate of approximately 3.08%, which mature in varying installments between 2022 and 2023. See Note 13 for additional details on our finance leases. (5) The unamortized debt issuance costs as of September 30, 2022 relate to the Avondale Term Loan and the Lisle Term Loan - VN. The unamortized debt issuance costs as of September 30, 2021 relate entirely to the Avondale Term Loan. (6) Our term loans and finance leases bear interest at rates commensurate with market rates and therefore the respective carrying values approximate fair value (Level 2).
Schedule of Maturities of Long-term Debt	Scheduled principal payments due on our debt for each year through the period ended September 30, 2027, and thereafter were as follows at September 30, 2022: Maturity Term Loans Finance Leases Total 2023 $ 1,092 $ 23 $ 1,115 2024 1,672 — 1,672 2025 1,763 — 1,763 2026 1,836 — 1,836 2027 1,909 — 1,909 Thereafter 59,811 — 59,811 Subtotal 68,083 23 68,106 Debt issuance costs presented with debt (568) — (568) Total $ 67,515 $ 23 $ 67,538

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Instruments	The following table presents the fair value of our Swap and Lisle Swap (Level 2), both of which are designated as a cash flow hedges, and the related classification on the consolidated balance sheets as of September 30, 2022 and 2021: September 30, Interest Rate Swaps 2022 2021 Other current assets $ 632 $ 194 Other assets 2,067 85 Total fair value of assets designated as hedging instruments $ 2,699 $ 279
Schedule of Effect of Cash Flow Hedges Accounting on Accumulated Other Comprehensive Income (Loss)	The table below presents the effect of cash flow hedge accounting for our Swap and Lisle Swap on the consolidated statement of operations and Accumulated other comprehensive income (loss) for the years ended September 30, 2022 and 2021: Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income Year Ended September 30, 2022 Interest Rate Swaps $ 2,787 Interest expense $ (192) Year Ended September 30, 2021 Interest Rate Swaps $ (365) Interest expense $ (86)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Components of Income Tax Expense	The components of income tax benefit (expense) for the years ended September 30, 2022, 2021 and 2020 are as follows: Year Ended September 30, 2022 2021 2020 Current (expense) benefit: United States federal $ (17) $ 5 $ 11,250 State (1,065) (607) (303) Total current (expense) benefit (1,082) (602) 10,947 Deferred benefit (expense): United States federal 2,380 — (345) State 4,109 — — Total deferred benefit (expense) 6,489 — (345) Total income tax benefit (expense) $ 5,407 $ (602) $ 10,602
Reconciliation of Tax Rate	The income tax provision differs from the tax that would result from application of the statutory federal tax rate of 21.0% to pre-tax income for the years ended September 30, 2022, 2021 and 2020. The reasons for the differences are as follows: Year Ended September 30, 2022 2021 2020 Income tax (expense) benefit at statutory rate $ (4,293) $ (3,188) $ 545 State income taxes, net of federal tax benefit (1,356) (480) (246) Excess officers compensation (276) (203) (304) Adjustment to deferred taxes (345) — — Decrease in valuation allowance 12,075 3,229 6,135 Net operating losses carryback to higher federal statutory rate years — — 4,270 Other, net (398) 40 202 Total income tax benefit (expense) $ 5,407 $ (602) $ 10,602
Components of Deferred Tax Assets (Liabilities)	The components of the deferred tax assets (liabilities) recorded in the accompanying consolidated balance sheets were as follows: September 30, 2022 2021 Gross deferred tax assets: Right-of-use assets for operating leases $ 36,212 $ 43,039 Deferred compensation $ 542 $ 707 Accrued compensation 2,217 2,277 Accrued tool sets 823 865 Other reserves and accruals 3,826 2,815 Deferred revenue 5,178 4,595 Net operating losses 5,406 5,442 Tax credit carryforwards 165 247 Charitable contribution carryovers 1,252 893 Deductions limited by Section 382 249 670 Other comprehensive income — 70 Other 84 13 Valuation allowance (1,200) (13,492) Total gross deferred tax assets 54,754 48,141 Gross deferred tax liabilities: Operating lease liability (33,655) (40,984) Amortization of goodwill and intangibles (4,666) (2,056) Depreciation and amortization of property and equipment (11,673) (4,587) Prepaid and other expenses deductible for tax (720) (1,188) Other comprehensive income (675) — Total gross deferred tax liabilities (51,389) (48,815) Net deferred tax assets (liabilities) $ 3,365 $ (674)
Summary of Valuation Allowance	The following table summarizes the activity for the valuation allowance for the years ended September 30, 2022, 2021 and 2020: Year Ended September 30, 2022 2021 2020 Balance at beginning of period $ 13,492 $ 17,449 $ 25,673 Reductions to income tax (12,075) (3,957) (5,947) Write-offs (1) (217) — (2,277) Balance at end of period $ 1,200 $ 13,492 $ 17,449 (1) The write-offs in the year ended September 30, 2020 relate to the adoption of ASC 842 as of October 1, 2019.
Schedule of Unrecognized Tax Benefits	The following table summarizes the activity related to the Company's gross unrecognized tax benefits for the fiscal year ended September 30, 2022 (amounts in thousands): Year Ended September 30, 2022 Balance at beginning of period $ — Increases related to acquisitions 387 Balance at end of period $ 387

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Stock-Based Compensation Expense	The following table summarizes the operating expense line in which stock-based compensation expense has been recorded and the impact on net income in the consolidated statements of operations for the years ended September 30, 2022, 2021 and 2020: Year Ended September 30, 2022 2021 2020 Educational services and facilities $ 240 $ 60 $ 64 Selling, general and administrative 4,172 1,748 2,013 Total stock-based compensation expense $ 4,412 $ 1,808 $ 2,077 Income tax benefit $ 1,103 $ 452 $ 519
Summary of Stock Option Activity	The following table summarizes stock option activity under the Former Plans and the 2021 Plan for the years ended September 30, 2022, 2021 and 2020: Number of Weighted Weighted Aggregate (In thousands) (per Share) (Years) Outstanding as of September 30, 2018 — $ — — $ — Granted 210 $ 3.14 Outstanding as of September 30, 2019 210 $ 3.14 6.19 $ 483 Outstanding as of September 30, 2020 210 $ 3.14 5.18 $ 407 Outstanding as of September 30, 2021 210 $ 3.14 4.18 $ 760 Outstanding as of September 30, 2022 210 $ 3.14 3.18 $ 483 Stock options exercisable as of September 30, 2022 210 $ 3.14 3.18 $ 483
Summary of Restricted Stock Units and Performance Units Activity	The following table summarizes the activity for RSUs and PSUs granted under the Former Plans and 2021 Plan for the years ended September 30, 2022, 2021 and 2020: RSUs PSUs Number of Weighted Average Number of Weighted Average Outstanding as of September 30, 2019 236 $ 2.74 133 $ 2.40 Granted 306 $ 7.46 314 $ 7.72 Adjustment to grant based on achieved attainment level — $ — 33 Vested (141) $ 2.62 (100) $ 2.32 Forfeited (63) $ 2.96 (39) $ 2.48 Outstanding as of September 30, 2020 338 $ 7.01 341 $ 7.30 Granted 376 $ 6.11 371 $ 6.37 Adjustment to grant based on achieved attainment level — $ — 11 $ — Vested (130) $ 6.31 (39) $ 2.48 Forfeited (36) $ 6.90 (42) $ 7.30 Outstanding as of September 30, 2021 548 $ 6.56 642 $ 6.97 Granted 377 $ 8.34 377 $ 8.75 Adjustment to grant based on achieved attainment level — $ — (256) $ — Vested (209) $ 6.69 (24) $ 7.73 Forfeited (21) $ 7.21 (23) $ 7.14 Outstanding as of September 30, 2022 695 $ 7.47 716 $ 7.60

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Summary of Computing Basic and Diluted Net Income (Loss) Per Share	The following table summarizes the computation of basic and diluted earnings per common share under the two-class or as-converted method, as well as the anti-dilutive shares excluded: Year Ended September 30, 2022 2021 2020 Basic earnings per common share: Net income $ 25,848 $ 14,581 $ 8,008 Less: Preferred stock dividend declared (5,159) (5,250) (5,264) Income available for distribution 20,689 9,331 2,744 Income allocated to participating securities (7,847) (3,647) (1,135) Net income available to common shareholders $ 12,842 $ 5,684 $ 1,609 Weighted average basic shares outstanding 33,218 32,766 29,812 Basic income per common share $ 0.39 $ 0.17 $ 0.05 Diluted earnings per common share: Method used: Two-class Two-class Two-class Net income available to common shareholders $ 12,842 $ 5,684 $ 1,609 Weighted average basic shares outstanding 33,218 32,766 29,812 Dilutive effect related to employee stock plans 525 357 301 Weighted average diluted shares outstanding 33,743 33,123 30,113 Diluted income per common share $ 0.38 $ 0.17 $ 0.05 Year Ended September 30, 2022 2021 2020 Anti-dilutive shares excluded: Outstanding stock-based grants 9 186 14 Convertible preferred stock 20,297 21,021 21,021 Total anti-dilutive shares excluded 20,306 21,207 21,035 Dilutive shares under the as-converted method (1) 54,040 54,144 51,134 (1) The dilutive shares under the as-converted method assume conversion of the Series A Preferred Stock and are presented here merely for reference. In a net income position, diluted earnings per share is determined by the more dilutive of the two-class method or the as-converted method.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table summarizes the computation of basic and diluted earnings per common share under the two-class or as-converted method, as well as the anti-dilutive shares excluded: Year Ended September 30, 2022 2021 2020 Basic earnings per common share: Net income $ 25,848 $ 14,581 $ 8,008 Less: Preferred stock dividend declared (5,159) (5,250) (5,264) Income available for distribution 20,689 9,331 2,744 Income allocated to participating securities (7,847) (3,647) (1,135) Net income available to common shareholders $ 12,842 $ 5,684 $ 1,609 Weighted average basic shares outstanding 33,218 32,766 29,812 Basic income per common share $ 0.39 $ 0.17 $ 0.05 Diluted earnings per common share: Method used: Two-class Two-class Two-class Net income available to common shareholders $ 12,842 $ 5,684 $ 1,609 Weighted average basic shares outstanding 33,218 32,766 29,812 Dilutive effect related to employee stock plans 525 357 301 Weighted average diluted shares outstanding 33,743 33,123 30,113 Diluted income per common share $ 0.38 $ 0.17 $ 0.05 Year Ended September 30, 2022 2021 2020 Anti-dilutive shares excluded: Outstanding stock-based grants 9 186 14 Convertible preferred stock 20,297 21,021 21,021 Total anti-dilutive shares excluded 20,306 21,207 21,035 Dilutive shares under the as-converted method (1) 54,040 54,144 51,134 (1) The dilutive shares under the as-converted method assume conversion of the Series A Preferred Stock and are presented here merely for reference. In a net income position, diluted earnings per share is determined by the more dilutive of the two-class method or the as-converted method.

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Summary of Information by Reportable Segment	Summary information by reportable segment is as follows: Postsecondary Education Other Consolidated Year Ended September 30, 2022 Revenues $ 404,685 $ 14,080 $ 418,765 Income (loss) from operations 24,190 (1,816) 22,374 Depreciation and amortization (1) 16,779 105 16,884 Net income (loss) 27,664 (1,816) 25,848 Postsecondary Education Other Consolidated Year Ended September 30, 2021 Revenues $ 323,476 $ 11,607 $ 335,083 Income (loss) from operations 15,841 (894) 14,947 Depreciation and amortization (1) 13,941 86 14,027 Net income (loss) 15,475 (894) 14,581 Year Ended September 30, 2020 Revenues $ 287,195 $ 13,566 $ 300,761 Loss from operations (3,493) (378) (3,871) Depreciation and amortization (2) 11,698 106 11,804 Net income (loss) 8,386 (378) 8,008 As of September 30, 2022 Total assets $ 549,817 $ 3,094 $ 552,911 As of September 30, 2021 Total assets $ 504,934 $ 7,636 $ 512,570 (1) Includes depreciation of training equipment obtained in exchange for services of $0.9 million and $1.2 million for the years ended September 30, 2022 and 2021, respectively.

Business Description - Narrativ

Business Description - Narrative (Details) technician in Thousands	Sep. 30, 2022 campus technician plan
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of graduated technicians | technician	250
Number of campuses through which undergraduate degree, diploma and certificate programs are offered | campus	16
Number of manufacturer brand partners and employers | plan	35

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue consisted of tuition		99%	99%	99%
Repayment term		10 years
Loan Processing Fee		$ 1,100,000	$ 1,100,000	$ 900,000
Finite useful life (in years)		3 years 11 months 4 days
Intangible asset impairment charge		$ 2,000,000	0	0
Impairment charges		0	0	0
Accrued insurance	$ 3,300,000	3,300,000
Advertising expenses		51,500,000	38,700,000	39,700,000
Stock based compensation expenses		4,412,000	1,808,000	2,077,000
Tax benefit related to stock-based compensation		1,103,000	452,000	519,000
Cash and cash equivalents	66,452,000	66,452,000	133,721,000	76,803,000	$ 65,442,000
Restricted cash	3,544,000	3,544,000	12,256,000	$ 12,116,000	$ 15,113,000
Held-to-maturity investments	28,918,000	$ 28,918,000	0
Percentage of cash basis revenue collected from funds distributed under Title IV programs		67%
Percentage of cash basis revenue collected from funds distributed under veterans benefits programs		13%
Other assets	(5,958,000)	$ (5,958,000)	(9,120,000)
Intangible assets, net	$ 14,215,000	$ 14,215,000	124,000
Trademarks and trade names - MIAT
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Finite useful life (in years)	4 years
MIAT College Of Technology | Revision of Prior Period, Reclassification, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other assets			100,000
Intangible assets, net			$ 100,000
Trademarks and trade names - MIAT
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Finite useful life (in years)		4 years
Trademarks and trade names - MIAT | MIAT College Of Technology
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fair value of intangible asset	$ 1,000,000	$ 1,000,000
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Market interest rates	7%	7%
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Market interest rates	10%	10%

Acquisition of MIAT College of

Acquisition of MIAT College of Technology - Preliminary Allocation of Purchase Price (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Nov. 01, 2021	Sep. 30, 2021	Sep. 30, 2020
Assets acquired:
Goodwill	$ 16,859		$ 8,222	$ 8,222
MIAT College Of Technology
Assets acquired:
Cash and cash equivalents		$ 2,301
Accounts receivable, net		3,230
Prepaid expenses		268
Other current assets		507
Property and equipment		3,043
Goodwill		8,637
Intangible assets		16,200
Right-of-use assets for operating leases		14,979
Other assets		314
Total assets acquired		49,479
Liabilities Assumed
Accounts payable and accrued expenses		1,720
Deferred revenue		1,843
Operating lease liability, current portion		817
Deferred tax liabilities, net		1,975
Operating lease liability		14,216
Other liabilities		93
Total liabilities assumed		20,664
Net assets acquired		$ 28,815

Acquisition of MIAT College o_2

Acquisition of MIAT College of Technology - Narrative (Details) - USD ($) $ in Thousands	Nov. 01, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Business Combination Segment Allocation [Line Items]
Goodwill		$ 16,859	$ 8,222	$ 8,222
MIAT College Of Technology
Business Combination Segment Allocation [Line Items]
Received in cash	$ 26,000
Working capital	2,800
Purchase consideration	28,800
Transaction costs	1,700	$ 900	$ 800
Goodwill	8,637
Goodwill expected to be deductible for tax purposes	$ 600

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Receivables, which includes tuition and notes receivable	$ 46,826	$ 46,489
Deferred revenue	$ 54,223	$ 57,648

Receivables, net - Schedule of

Receivables, net - Schedule of Receivables, net (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Receivables [Abstract]
Tuition receivables	$ 18,931	$ 16,265
Other receivables	3,153	3,673
Total receivables	22,084	19,938
Less: allowance for uncollectible accounts	(5,634)	(2,787)
Receivables, net	$ 16,450	$ 17,151

Receivables, net - Allowance fo

Receivables, net - Allowance for Uncollectible Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 2,787	$ 1,793	$ 1,097
Additions due to opening balance of MIAT acquisition	1,682	0	0
Additions to bad debt expense	2,510	1,718	1,767
Write-offs of uncollectible accounts	(1,345)	(724)	(1,071)
Balance at end of period	$ 5,634	$ 2,787	$ 1,793

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	Sep. 30, 2022	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Held-to-maturity investments	$ 28,918,000	$ 0

Investments - Schedule of Held-

Investments - Schedule of Held-to-Maturity Investments (Details) - Corporate, municipal bonds and other $ in Thousands	Sep. 30, 2022 USD ($)
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 28,918
Gross Unrealized Gains	0
Gross Unrealized Losses	(19)
Estimated Fair Market Value	$ 28,899

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - Estimate of Fair Value Measurement - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	$ 88,210	$ 98,224
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	23,439	62,100
Notes receivable
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	35,872	36,124
Corporate bonds, municipal bonds, and other
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	28,899
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	52,338	62,100
Quoted Prices in Active Markets for Identical Assets (Level 1) | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	23,439	62,100
Quoted Prices in Active Markets for Identical Assets (Level 1) | Notes receivable
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate bonds, municipal bonds, and other
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	28,899
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	0	0
Significant Other Observable Inputs (Level 2) | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	0	0
Significant Other Observable Inputs (Level 2) | Notes receivable
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	0	0
Significant Other Observable Inputs (Level 2) | Corporate bonds, municipal bonds, and other
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	35,872	36,124
Significant Unobservable Inputs (Level 3) | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	0	0
Significant Unobservable Inputs (Level 3) | Notes receivable
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	35,872	$ 36,124
Significant Unobservable Inputs (Level 3) | Corporate bonds, municipal bonds, and other
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets at fair value on a recurring basis	$ 0

Property and Equipment, net (De

Property and Equipment, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Property, Plant and Equipment [Line Items]
Right-of-use assets for finance leases	$ 215	$ 215
Property and equipment and right-of-use assets for finance leases, gross	408,717	309,840
Less: accumulated depreciation and amortization	(194,425)	(187,789)
Property and equipment, net	214,292	122,051
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	16,603	8,355
Building and building improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 126,244	71,036
Building and building improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Building and building improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	30 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 86,751	63,502
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	1 year
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	20 years
Training equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 96,907	91,191
Training equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Training equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	10 years
Office and computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 31,900	31,718
Office and computer equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Office and computer equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	10 years
Curriculum development
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	5 years
Property and equipment, gross	$ 20,130	19,692
Software developed for internal use
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 12,150	12,524
Software developed for internal use | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	1 year
Software developed for internal use | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	5 years
Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	5 years
Property and equipment, gross	$ 1,458	1,436
Right-of-use assets for finance leases | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	2 years
Right-of-use assets for finance leases | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 16,359	$ 10,171

Property and Equipment, net (Na

Property and Equipment, net (Narrative) (Details) - USD ($) $ in Millions		12 Months Ended
	Feb. 11, 2022	Sep. 30, 2022	Sep. 30, 2021	Feb. 10, 2022
Property, Plant and Equipment [Line Items]
Depreciation		$ 16.8	$ 14
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment				$ 4
Investment in 2611 Corporate West Drive Venture LLC
Property, Plant and Equipment [Line Items]
Percentage of voting interests acquired (in percent)	72%
Purchase consideration	$ 28.7
Debt assumed	18.3
Total net assets	33.2
Land acquired	8.2
Buildings acquired	$ 43.3
Investment in 2611 Corporate West Drive Venture LLC
Property, Plant and Equipment [Line Items]
Ownership percentage				28%

Goodwill - Narrative (Details)

Goodwill - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Nov. 01, 2021	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 1998
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 16,859		$ 8,222	$ 8,222
MIAT College Of Technology
Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 8,637
Motorcycle And Marine Education Business
Finite-Lived Intangible Assets [Line Items]
Goodwill					$ 8,200

Goodwill - Schedule of goodwill

Goodwill - Schedule of goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Goodwill [Roll Forward]
Goodwill at the beginning of the period	$ 8,222	$ 8,222
Additions to Goodwill for acquisition of MIAT	8,637	0
Goodwill at the end of the period	$ 16,859	$ 8,222

Intangible Assets, net- Schedul

Intangible Assets, net- Schedule of Intangible Assets (Details) $ in Thousands	12 Months Ended
	Sep. 30, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (427)
Gross Carrying Value	14,642
Net Book Value	$ 14,215
Weighted Average Remaining Useful Life (Years)	3 years 11 months 4 days
Curriculum - MIAT
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 400
Accumulated Amortization	(73)
Finite-lived intangible assets, net book value	$ 327
Weighted Average Remaining Useful Life (Years)	4 years 29 days
Non-compete agreement and trade name
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 442
Accumulated Amortization	(354)
Finite-lived intangible assets, net book value	88
Gross Carrying Value	$ 400
Weighted Average Remaining Useful Life (Years)	2 years 6 months 29 days
Accreditations and regulatory approvals - MIAT
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, gross carrying amount	$ 12,800
Indefinite-lived intangible assets, net book value	12,800
Trademarks and trade names - MIAT
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, gross carrying amount	1,000
Indefinite-lived intangible assets, net book value	1,000
Accumulated Amortization	$ 0
Weighted Average Remaining Useful Life (Years)	4 years

Intangible Assets, net - Narrat

Intangible Assets, net - Narrative (Details) - USD ($)	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	$ 14,642,000
Amortization expense related to finite-lived intangible assets	108,800	$ 35,500
Intangible asset impairment charge	2,000,000	$ 0	$ 0
Non-compete agreement and trade name
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	400,000
MIAT College Of Technology
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	14,200,000
MIAT College Of Technology | Trademarks and trade names - MIAT
Finite-Lived Intangible Assets [Line Items]
Fair value of intangible asset	$ 1,000,000

Investment in Unconsolidated _3

Investment in Unconsolidated Affiliate (Details) - Investment in JV - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2012
Schedule of Equity Method Investments [Line Items]
Carrying value	$ 0	$ 4,627	$ 4,494	$ 4,000
Ownership percentage	0%	28%		28%
Equity in earnings of unconsolidated affiliate	$ 113	$ 410	$ 400

Investment in Unconsolidated _4

Investment in Unconsolidated Affiliate - Equity Method Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Increase (Decrease) In Equity Investment [Roll Forward]
Return of capital contribution from unconsolidated affiliate	$ (188)	$ (277)	$ (261)
Investment in JV
Increase (Decrease) In Equity Investment [Roll Forward]
Balance at beginning of period	4,627	4,494
Equity in earnings of unconsolidated affiliate	113	410	400
Return of capital contribution from unconsolidated affiliate	(188)	(277)
Dissolution of unconsolidated affiliate	(4,552)	0
Balance at end of period	$ 0	$ 4,627	$ 4,494

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	1 Months Ended		12 Months Ended
	Nov. 30, 2020 USD ($)	Oct. 31, 2020 USD ($)	Sep. 30, 2022 USD ($) campus	Feb. 28, 2022 property
Lessee, Lease, Description [Line Items]
Number of lease contracts | campus			12
Number of campuses | campus			16
Gain on termination of lease | $			$ 1.6
Number of properties leased | property				2
Rent expense | $	$ 2	$ 0.3
Minimum
Lessee, Lease, Description [Line Items]
Lease term			8 years
Maximum
Lessee, Lease, Description [Line Items]
Lease term			20 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Leases [Abstract]
Operating lease expense	$ 22,424	$ 22,623	$ 29,348
Finance lease expense:
Amortization of leased assets	72	123	102
Interest on lease liabilities	2	6	7
Variable lease expense	5,469	3,682	4,120
Sublease income	(155)	(444)	(744)
Total net lease expense	$ 27,812	$ 25,990	$ 32,833

Leases - Supplemental Informati

Leases - Supplemental Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Assets:
Operating lease assets	$ 132,038	$ 159,075
Finance lease assets	$ 22	$ 94
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property and equipment, net	Property and equipment, net
Total leased assets	$ 132,060	$ 159,169
Current
Operating lease liabilities	12,959	14,075
Finance lease liabilities	$ 23	$ 73
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other current liabilities	Other current liabilities
Noncurrent
Operating lease liability	$ 129,302	$ 153,228
Finance lease liabilities	$ 0	$ 23
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Total lease liabilities	$ 142,284	$ 167,399
Finance lease, accumulated amortization	$ 200	$ 100
Weighted-average remaining lease term (in years):
Operating leases	8 years 11 months 1 day	9 years 4 months 13 days
Finance leases	3 months 29 days	1 year 3 months 25 days
Weighted average discount rate:
Operating leases	3.91%	4.31%
Finance leases		3.08%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 13,952	$ 20,469	$ 25,617
Financing cash flows from finance leases	73	119	99
Non-cash activity related to lease liabilities:
Lease assets obtained in exchange for new operating lease liabilities	3,313	30,017	20,321
Leases assets obtained in exchange for new finance lease liabilities	$ 0	$ 0	$ 215

Leases - Maturities of Operatin

Leases - Maturities of Operating Leases After Adoption of 842 (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Operating Leases
2023	$ 16,673
2024	19,005
2025	19,228
2026	19,447
2027	19,469
2028 and thereafter	74,507
Total lease payments	168,329
Less: interest	(26,068)
Present value of lease liabilities	142,261
Less: current lease liabilities	(12,959)	$ (14,075)
Long-term lease liabilities	129,302	153,228
Finance Leases
2023	23
2024	0
2025	0
2026	0
2027	0
2028 and thereafter	0
Total lease payments	23
Less: interest	0
Present value of lease liabilities	23
Less: current lease liabilities	(23)	(73)
Long-term lease liabilities	$ 0	$ 23

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Payables and Accruals [Abstract]
Accounts payable	$ 21,746	$ 13,702
Accrued compensation and benefits	28,430	29,506
Other accrued expenses	13,328	11,189
Accounts payable and accrued expenses	$ 63,504	$ 54,397

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Total debt	$ 68,106	$ 30,982
Debt issuance costs presented with debt	(568)	(256)
Total debt, net	67,538	30,726
Less: current portion of long-term debt	(1,115)	(876)
Long-term debt	$ 66,423	29,850
Avondale Term Loan
Debt Instrument [Line Items]
Interest Rate	4.56%
Total debt	$ 30,083	30,886
Avondale Term Loan | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate	2%
Lisle Term Loan - VN
Debt Instrument [Line Items]
Interest Rate	4.51%
Total debt	$ 38,000	0
Lisle Term Loan - VN | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate	2%
Lisle Term Loan - WA
Debt Instrument [Line Items]
Interest Rate	5.29%
Total debt	$ 0	0
Finance Leases
Debt Instrument [Line Items]
Total debt	23	$ 96
Debt issuance costs presented with debt	0
Total debt, net	$ 23
Weighted average interest rate	3.08%

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)			12 Months Ended
	Apr. 14, 2022	May 12, 2021	Sep. 30, 2022	Feb. 14, 2022
Debt Instrument [Line Items]
Debt maturity term			10 years
Lisle Term Loan - VN
Debt Instrument [Line Items]
Market interest rates			4.51%
Lisle Term Loan - VN | LIBOR
Debt Instrument [Line Items]
Variable interest rate			2%
Lisle Term Loan - VN | Secured Debt
Debt Instrument [Line Items]
Debt instrument indebtedness to adjusted EBITDA ratio			3.50
Fixed charge coverage ratio			1.25
Debt service coverage ratio			1.20
Lisle Term Loan - VN | Fifth Third Bank, National Association | Secured Debt
Debt Instrument [Line Items]
Debt maturity term	7 years
Fixed rate on principal amount	50%
Market interest rates	4.69%
Lisle Term Loan - VN | Valley National Bank | Secured Debt
Debt Instrument [Line Items]
Maximum principal amount	$ 38,000,000
Debt maturity term	7 years
Fixed rate on principal amount	50%
Fixed amount of debt	$ 19,000,000
Market interest rates	4.69%
Lisle Term Loan - VN | Valley National Bank | Secured Debt | SOFR
Debt Instrument [Line Items]
Variable interest rate	2%
Avondale Term Loan
Debt Instrument [Line Items]
Market interest rates			4.56%
Avondale Term Loan | LIBOR
Debt Instrument [Line Items]
Variable interest rate			2%
Avondale Term Loan | Secured Debt
Debt Instrument [Line Items]
Debt service coverage ratio		1.25
Debt instrument indebtedness to adjusted EBITDA ratio		3.50
Maximum loan of lender, percentage		70%
Avondale Term Loan | Fifth Third Bank, National Association | Secured Debt
Debt Instrument [Line Items]
Maximum principal amount		$ 31,200,000
Debt maturity term		7 years
Fixed rate on principal amount		50%
Fixed amount of debt		$ 15,600,000
Market interest rates		3.50%
Avondale Term Loan | Fifth Third Bank, National Association | Secured Debt | LIBOR
Debt Instrument [Line Items]
Variable interest rate		2%
Lisle Term Loan - WA
Debt Instrument [Line Items]
Market interest rates			5.29%
Lisle Term Loan - WA | Alliance Bank | Secured Debt
Debt Instrument [Line Items]
Maximum principal amount				$ 18,300,000

Debt - Debt Maturities (Details

Debt - Debt Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	$ 1,115
2024	1,672
2025	1,763
2026	1,836
2027	1,909
Thereafter	59,811
Subtotal	68,106	$ 30,982
Debt issuance costs presented with debt	(568)	(256)
Total debt, net	67,538	30,726
Term Loans
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	1,092
2024	1,672
2025	1,763
2026	1,836
2027	1,909
Thereafter	59,811
Subtotal	68,083
Debt issuance costs presented with debt	(568)
Total debt, net	67,515
Finance Leases
Long-term Debt, Fiscal Year Maturity [Abstract]
2023	23
2024	0
2025	0
2026	0
2027	0
Thereafter	0
Subtotal	23	$ 96
Debt issuance costs presented with debt	0
Total debt, net	$ 23

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Millions			12 Months Ended
	Apr. 14, 2022	May 12, 2021	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt maturity term			10 years
Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) expected to reclassified to interest expense within the next twelve months			$ 0.7
Term Loans | Fifth Third Bank, National Association | Secured Debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fixed rate on principal amount		50%
Fixed amount of debt		$ 15.6
Market interest rates		3.50%
Debt maturity term		7 years
Lisle Term Loan - VN
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Market interest rates			4.51%
Lisle Term Loan - VN | Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount			$ 19
Lisle Term Loan - VN | Fifth Third Bank, National Association | Secured Debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fixed rate on principal amount	50%
Market interest rates	4.69%
Debt maturity term	7 years
Avondale Term Loan
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Market interest rates			4.56%
Avondale Term Loan | Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount			$ 15
Avondale Term Loan | Fifth Third Bank, National Association | Secured Debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fixed rate on principal amount		50%
Fixed amount of debt		$ 15.6
Market interest rates		3.50%
Debt maturity term		7 years

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - Interest Rate Swap - Hedging Instrument - Cash Flow Hedging - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total fair value of assets designated as hedging instruments	$ 2,699	$ 279
Other current assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total fair value of assets designated as hedging instruments	632	194
Other assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total fair value of assets designated as hedging instruments	$ 2,067	$ 85

Derivative Financial Instrume_5

Derivative Financial Instruments - Accumulated Other Comprehensive Income (Loss) (Details) - Interest Rate Swap - Cash Flow Hedging - Designated as Hedging Instrument - Interest Expense - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative	$ 2,787	$ (365)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income	$ (192)	$ (86)

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Current (expense) benefit:
United States federal	$ (17)	$ 5	$ 11,250
State	(1,065)	(607)	(303)
Total current (expense) benefit	(1,082)	(602)	10,947
Deferred benefit (expense):
United States federal	2,380	0	(345)
State	4,109	0	0
Total deferred benefit (expense)	6,489	0	(345)
Total income tax benefit (expense)	$ 5,407	$ (602)	$ 10,602

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income tax (expense) benefit at statutory rate	$ (4,293)	$ (3,188)	$ 545
State income taxes, net of federal tax benefit	(1,356)	(480)	(246)
Excess officers compensation	(276)	(203)	(304)
Adjustment to deferred taxes	(345)	0	0
Decrease in valuation allowance	12,075	3,229	6,135
Net operating losses carryback to higher federal statutory rate years	0	0	4,270
Other, net	(398)	40	202
Total income tax benefit (expense)	$ 5,407	$ (602)	$ 10,602

Income Taxes - Components of De

Income Taxes - Components of Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Gross deferred tax assets:
Right-of-use assets for operating leases	$ 36,212	$ 43,039
Deferred compensation	542	707
Accrued compensation	2,217	2,277
Accrued tool sets	823	865
Other reserves and accruals	3,826	2,815
Deferred revenue	5,178	4,595
Net operating losses	5,406	5,442
Tax credit carryforwards	165	247
Charitable contribution carryovers	1,252	893
Deductions limited by Section 382	249	670
Other comprehensive income	0	70
Other	84	13
Valuation allowance	(1,200)	(13,492)
Total gross deferred tax assets	54,754	48,141
Gross deferred tax liabilities:
Operating lease liability	(33,655)	(40,984)
Amortization of goodwill and intangibles	(4,666)	(2,056)
Depreciation and amortization of property and equipment	(11,673)	(4,587)
Prepaid and other expenses deductible for tax	(720)	(1,188)
Other comprehensive income	(675)	0
Total gross deferred tax liabilities	(51,389)	(48,815)
Net deferred tax assets (liabilities)	$ 3,365
Net deferred tax assets (liabilities)		$ (674)

Income Taxes - Summary of Valua

Income Taxes - Summary of Valuation Allowance (Details) - SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Valuation Allowance [Roll Forward]
Balance at beginning of period	$ 13,492	$ 17,449	$ 25,673
Reductions to income tax	(12,075)	(3,957)	(5,947)
Write-offs	(217)	0	(2,277)
Balance at end of period	$ 1,200	$ 13,492	$ 17,449

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) $ in Thousands	12 Months Ended
	Sep. 30, 2022 USD ($)
Unrecognized Tax Benefits Rollforward [Abstract]
Balance at beginning of period	$ 0
Increases related to acquisitions	387
Balance at end of period	$ 387

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Statutory federal tax rate	21%	21%	21%
Tax Credit Carryforward [Line Items]
Valuation allowance	$ 1,200,000	$ 13,492,000
Unrecognized tax benefits	387,000	$ 0
Unrecognized tax benefits would impact effective tax rate	300,000
Unrecognized tax benefits income tax expense	0
Federal
Tax Credit Carryforward [Line Items]
Net operating losses	17,900,000
State
Tax Credit Carryforward [Line Items]
Net operating losses	$ 19,900,000

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Operating Leased Assets [Line Items]
Educational services and facilities	$ 207,233	$ 166,818	$ 155,932
Net prepaid expenses from excess of credits earned over credits used	4,000	4,800
Accrued tool sets	3,176	3,292
Liability to vendor for vouchers redeemed by students	2,300	1,600
Surety Bond
Operating Leased Assets [Line Items]
Maximum principal amount	20,500
Licensing Agreement
Operating Leased Assets [Line Items]
Educational services and facilities	$ 2,100	$ 2,000	$ 2,200

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) $ / shares in Units, $ in Thousands				1 Months Ended		3 Months Ended	12 Months Ended
	Feb. 25, 2020 USD ($) shares	Feb. 20, 2020 $ / shares shares	Jun. 24, 2016 USD ($) shares	Jun. 30, 2022 plan shares	Aug. 31, 2020 holder shares	Mar. 30, 2020 USD ($)	Sep. 30, 2022 USD ($) vote day $ / shares shares	Sep. 30, 2021 USD ($) $ / shares shares	Sep. 30, 2020 USD ($)	Dec. 10, 2020 USD ($)
Stockholders Equity Note [Line Items]
Number of voting rights per share, common stock | vote							1
Preferred stock, shares authorized (in shares)							10,000,000	10,000,000
Preferred stock, par value (in dollars per share) | $ / shares							$ 0.0001	$ 0.0001
Preferred stock, shares issued (in shares)							676,000	700,000
Preferred stock, shares outstanding (in shares)							676,000	700,000
Preferred stock, liquidation preference (in dollars per share) | $ / shares							$ 100	$ 100
Preferred stock cash dividends declared | $							$ 5,159	$ 5,250	$ 5,264
Volume weighted average price, conversion rate if exceeded							2.5
Conversion trigger | day							20
Conversion cap							120 days
Notice of conversion							10 days
Common stock, par value (in dollars per share) | $ / shares							$ 0.0001	$ 0.0001
Net proceeds from the offering | $	$ 49,200
Treasury stock (in shares)							82,000	82,000
Repurchase of common stock authorized by board of directors | $										$ 35,000
Preferred Stock Including Additional Paid in Capital
Stockholders Equity Note [Line Items]
Proceeds from sale | $			$ 70,000
Public Offering
Stockholders Equity Note [Line Items]
Aggregate shares sold (in shares)	6,782,610	6,782,610
Common stock, par value (in dollars per share) | $ / shares		$ 0.0001
Sale of stock (in dollars per share) | $ / shares		$ 7.75
Direct costs | $						$ 400
Treasury stock (in shares)	82,287
Over-Allotment Option
Stockholders Equity Note [Line Items]
Aggregate shares sold (in shares)	1,017,390	1,017,390
Option to purchase additional shares, period		30 days
Minimum
Stockholders Equity Note [Line Items]
Special cash dividend rate							1.5
Maximum
Stockholders Equity Note [Line Items]
Special cash dividend rate							2
Preferred Stock
Stockholders Equity Note [Line Items]
Preferred stock, shares authorized (in shares)							10,000,000
Preferred stock, par value (in dollars per share) | $ / shares							$ 0.0001
Preferred stock, shares issued (in shares)			700,000				675,885	700,000
Number of stockholders | plan				1
Convertible preferred stock, shares outstanding (in shares)				24,115
Convertible preferred stock, exchanged shares of common stock (in shares)				724,174
Preferred stock, shares outstanding (in shares)				675,885			675,885	700,000
Preferred stock, liquidation preference (in dollars per share) | $ / shares							$ 100	$ 100
Preferred stock rate							7.50%
Accrued dividend rate							2%
Preferred stock voting cap, percentage			4.99%
Conversion cap, percentage			4.99%
Distributed to members (in shares)					700,000
Affiliated holders | holder					6
Percentage of outstanding shares of common stock and voting power, affiliated holders					24.90%
Unaffiliated holders | holder					12
Percentage of outstanding shares of common stock and voting power, unaffiliated holders					9.90%
Conversion price (in dollars per share) | $ / shares							$ 8.33
Initial and current conversion price (in dollars per share) | $ / shares							$ 3.33
Preferred Stock | Minimum
Stockholders Equity Note [Line Items]
Preferred stock rate							5%
Preferred Stock | Maximum
Stockholders Equity Note [Line Items]
Preferred stock rate							14.50%

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) shares in Thousands, $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2021	Sep. 30, 2022	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			210
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock compensation expense		$ 3.4
Unrecognized stock compensation expense, period for recognition		1 year 10 months 24 days
Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock compensation expense		$ 3.3
Unrecognized stock compensation expense, period for recognition		2 years
Performance Share Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Measurement period, percentage		0%
Performance Share Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Measurement period, percentage		187.50%
2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of options to purchase shares of common stock (in shares)	2,000
Increased shares remained available for future grants (in shares)	700
Available for future grant (in shares)		1,900
2021 Plan | Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration date		10 years
2021 Plan | Stock Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period exercisable after termination		3 months
2021 Plan | Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period exercisable after termination		12 months
2003 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options forfeited (in shares)	1,500
2003 Plan | Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration date			7 years

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 4,412	$ 1,808	$ 2,077
Income tax benefit	1,103	452	519
Educational services and facilities
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	240	60	64
Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 4,172	$ 1,748	$ 2,013

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2018
Number of  Shares
Outstanding, beginning (in shares)	210	210	210	0
Granted (in shares)				210
Outstanding, ending (in shares)	210	210	210	210
Stock options exercisable (in shares)	210
Weighted Average  Exercise Price
Weighted Average Exercise Price, beginning (in dollars per share)	$ 3.14	$ 3.14	$ 3.14	$ 0
Granted (in dollars per share)				3.14
Weighted Average Exercise Price, ending (in dollars per share)	3.14	$ 3.14	$ 3.14	$ 3.14
Stock options exercisable (in dollars per share)	$ 3.14
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted average remaining contractual life (Years), outstanding	3 years 2 months 4 days	4 years 2 months 4 days	5 years 2 months 4 days	6 years 2 months 8 days
Weighted average remaining contractual life (Years), exercisable	3 years 2 months 4 days
Aggregate intrinsic value, outstanding	$ 483	$ 760	$ 407	$ 483	$ 0
Aggregate intrinsic value, exercisable	$ 483

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Units and Performance Units Activity (Details) - $ / shares shares in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Restricted Stock Units
Number of  Shares (In thousands)
Outstanding, beginning (in shares)	548	338	236
Granted (in shares)	377	376	306
Adjustment to grant based on achieved attainment level (in shares)	0	0	0
Vested (in shares)	(209)	(130)	(141)
Forfeited (in shares)	(21)	(36)	(63)
Outstanding, ending (in shares)	695	548	338
Weighted Average Grant Date Fair Value per Share
Outstanding, beginning (in dollars per share)	$ 6.56	$ 7.01	$ 2.74
Granted (in dollars per share)	8.34	6.11	7.46
Adjustment to grant based on achieved attainment level (in dollars per share)	0	0	0
Vested (in dollars per share)	6.69	6.31	2.62
Forfeited (in dollars per share)	7.21	6.90	2.96
Outstanding, ending (in dollars per share)	$ 7.47	$ 6.56	$ 7.01
Performance Share Units
Number of  Shares (In thousands)
Outstanding, beginning (in shares)	642	341	133
Granted (in shares)	377	371	314
Adjustment to grant based on achieved attainment level (in shares)	(256)	11	33
Vested (in shares)	(24)	(39)	(100)
Forfeited (in shares)	(23)	(42)	(39)
Outstanding, ending (in shares)	716	642	341
Weighted Average Grant Date Fair Value per Share
Outstanding, beginning (in dollars per share)	$ 6.97	$ 7.30	$ 2.40
Granted (in dollars per share)	8.75	6.37	7.72
Adjustment to grant based on achieved attainment level (in dollars per share)	0	0
Vested (in dollars per share)	7.73	2.48	2.32
Forfeited (in dollars per share)	7.14	7.30	2.48
Outstanding, ending (in dollars per share)	$ 7.60	$ 6.97	$ 7.30

Earnings per Share - Calculatio

Earnings per Share - Calculation of the Weighted Average Number of Shares Outstanding (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Basic earnings per common share:
Net income	$ 25,848	$ 14,581	$ 8,008
Less: Preferred stock dividend declared	(5,159)	(5,250)	(5,264)
Income available for distribution	20,689	9,331	2,744
Income allocated to participating securities	(7,847)	(3,647)	(1,135)
Net income available to common shareholders	$ 12,842	$ 5,684	$ 1,609
Weighted average basic shares outstanding (in shares)	33,218	32,766	29,812
Basic income per common share (in dollars per share)	$ 0.39	$ 0.17	$ 0.05
Diluted earnings per common share:
Net income available to common shareholders	$ 12,842	$ 5,684	$ 1,609
Weighted average basic shares outstanding (in shares)	33,218	32,766	29,812
Dilutive effect related to employee stock plans (in shares)	525	357	301
Weighted average diluted shares outstanding (in shares)	33,743	33,123	30,113
Diluted income per common share (in dollars per share)	$ 0.38	$ 0.17	$ 0.05

Earnings per Share - Schedule o

Earnings per Share - Schedule of Antidilutive securities (Details) - shares shares in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares excluded (in shares)	20,306	21,207	21,035
Dilutive shares under the as-converted method (in shares)	54,040	54,144	51,134
Outstanding stock-based grants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares excluded (in shares)	9	186	14
Convertible preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive shares excluded (in shares)	20,297	21,021	21,021

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Retirement Benefits [Abstract]
Defined benefit plan, contributions by employer	$ 1.5	$ 1.1	$ 1
Maximum contribution per employee percentage of regular compensation	75%
Maximum contribution per employee percentage of incentive compensation	100%
Obligation under the plan	$ 2.2	2.8
Cash surrender value of life insurance policies	$ 2.6	$ 3.1

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Revenues	$ 418,765	$ 335,083	$ 300,761
Income (loss) from operations	22,374	14,947	(3,871)
Depreciation and amortization	16,884	14,027	11,804
Net income	25,848	14,581	8,008
Total assets	552,911	512,570
Depreciation and amortization, assets subject to financing obligation	900	1,200	1,300
Operating Segments | Postsecondary Education
Segment Reporting Information [Line Items]
Revenues	404,685	323,476	287,195
Income (loss) from operations	24,190	15,841	(3,493)
Depreciation and amortization	16,779	13,941	11,698
Net income	27,664	15,475	8,386
Total assets	549,817	504,934
Corporate, Non-Segment | Other
Segment Reporting Information [Line Items]
Revenues	14,080	11,607	13,566
Income (loss) from operations	(1,816)	(894)	(378)
Depreciation and amortization	105	86	106
Net income	(1,816)	(894)	$ (378)
Total assets	$ 3,094	$ 7,636

Government Regulation and Fin_2

Government Regulation and Financial Aid (Details)	12 Months Ended
	Sep. 30, 2022
Risks and Uncertainties [Abstract]
Percentage of cash basis revenue collected from funds distributed under veterans benefits programs	13%

Higher Education Emergency Re_2

Higher Education Emergency Relief Fund under the CARES Act (Details) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2020 USD ($)	Sep. 30, 2022 USD ($) student	Sep. 30, 2021 USD ($)	Sep. 30, 2020 USD ($) student
Unusual or Infrequent Item, or Both [Line Items]
HEERF funds received	$ 16,500
Grants awarded				$ 16,500
Number of students awarded grants | student				9,000
CARES Act funds received for student emergency grants (See Note 25)	$ 16,500	$ 6,689	$ 20,039	$ 16,565
Proceeds received from CRRSAA			16,800
Amount of student's grants awarded, CRRSAA		$ 7,000	19,700
Awards granted to students | student		15,500
Educational services and facilities
Unusual or Infrequent Item, or Both [Line Items]
Proceeds received, ARPA			$ 9,900

Subsequent Events (Details)

Subsequent Events (Details) student in Thousands, $ in Millions				12 Months Ended
	Dec. 01, 2022 USD ($) student campus state	Nov. 28, 2022 USD ($)	Nov. 18, 2022 USD ($) month day	Sep. 30, 2022 USD ($) campus	Nov. 30, 2022 USD ($)
Subsequent Event [Line Items]
Debt maturity term				10 years
Number of campuses | campus				16
Concorde Career College Inc
Subsequent Event [Line Items]
Transaction costs				$ 3
Subsequent Event | Concorde Career College Inc
Subsequent Event [Line Items]
Number of states | state	8
Number of students | student	8
Number of campuses | campus	17
Base purchase price	$ 50
Subsequent Event | Revolving Credit Facility | Line of Credit | Fifth Third Bank, National Association
Subsequent Event [Line Items]
Maximum borrowing capacity			$ 100
Debt maturity term			3 years
Subsequent Event | Revolving Credit Facility | Line of Credit | Fifth Third Bank, National Association | Debt Instrument, Period A
Subsequent Event [Line Items]
Debt instrument, covenant, financial responsibility composite score, maximum			1.4
Subsequent Event | Revolving Credit Facility | Line of Credit | Fifth Third Bank, National Association | Debt Instrument, Period B
Subsequent Event [Line Items]
Debt instrument, covenant, financial responsibility composite score, maximum			1.5
Subsequent Event | Revolving Credit Facility | Line of Credit | Fifth Third Bank, National Association | Concorde Career College Inc
Subsequent Event [Line Items]
Amount of credit facility drawn		$ 90
Subsequent Event | Revolving Credit Facility | Line of Credit | Fifth Third Bank, National Association | Minimum
Subsequent Event [Line Items]
Variable interest rate			1.75%
Subsequent Event | Revolving Credit Facility | Line of Credit | Fifth Third Bank, National Association | Maximum
Subsequent Event [Line Items]
Variable interest rate			2.25%
Subsequent Event | Revolving Credit Facility | Line of Credit | Fifth Third Bank, National Association | Variable Rate Component, Option A
Subsequent Event [Line Items]
Variable interest rate			3.50%
Subsequent Event | Revolving Credit Facility | Line of Credit | Fifth Third Bank, National Association | Variable Rate Component, Option A | Secured Overnight Financing Rate (SOFR)
Subsequent Event [Line Items]
Variable interest rate			0.10%
Subsequent Event | Revolving Credit Facility | Line of Credit | Fifth Third Bank, National Association | Variable Rate Component, Option B
Subsequent Event [Line Items]
Variable interest rate			0%
Subsequent Event | Revolving Credit Facility | Line of Credit | Fifth Third Bank, National Association | Variable Rate Component, Option B | Secured Overnight Financing Rate (SOFR)
Subsequent Event [Line Items]
Variable interest rate			0.15%
Subsequent Event | Letter of Credit | Line of Credit | Fifth Third Bank, National Association
Subsequent Event [Line Items]
Maximum borrowing capacity			$ 20
Clean off provision (not to exceed)					$ 20
Consecutive day period | day			30
Consecutive month period | month			20

Uncategorized Items - uti-20220

Label	Element	Value
Accounting Standards Update 2016-02 [Member]
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-02 [Member]