v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Jun. 30, 2011
ASSETS    
Cash and cash equivalents $ 123,653 $ 193,099
Restricted cash and cash equivalents 1,501 1,501
Accounts receivable, net of allowance of $2,891 and $1,777 at March 31, 2012 and June 30, 2011, respectively 205,307 96,235
Inventories, net 27,525 30,554
Current portion of deferred tax asset 4,969 7,175
Prepaid expenses 14,428 10,424
Other current assets 12,973 9,111
Total current assets 390,356 348,099
Property and equipment, net 61,385 46,625
Capitalized software development costs, net 29,496 24,386
Capitalized curriculum development costs, net 56,962 55,619
Intangible assets, net 37,912 38,291
Goodwill 62,404 55,627
Investment in Web International 10,000 10,000
Deposits and other assets 3,219 3,448
Total assets 651,734 582,095
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY    
Accounts payable 17,276 21,176
Accrued liabilities 16,252 14,126
Accrued compensation and benefits 16,127 13,086
Deferred revenue 46,558 21,907
Current portion of capital lease obligations 16,571 11,914
Current portion of notes payable 1,137 1,443
Total current liabilities 113,921 83,652
Deferred rent, net of current portion 5,499 4,698
Capital lease obligations, net of current portion 17,541 8,552
Notes payable, net of current portion 1,162 2,299
Deferred tax liability 15,283 9,604
Other long term liabilities 3,191 3,343
Total liabilities 156,597 112,148
Commitments and contingencies      
Redeemable noncontrolling interest 17,200 17,200
Equity:    
Common stock, par value $0.0001; 100,000,000 shares authorized; 36,389,121 and 35,927,452 shares issued and outstanding at March 31, 2012 and June 30, 2011, respectively 4 4
Additional paid-in capital 521,503 512,181
Accumulated other comprehensive income 157 28
Accumulated deficit (110,961) (126,704)
Total K12 Inc. stockholders' equity 473,815 448,621
Noncontrolling interest 4,122 4,126
Total equity 477,937 452,747
Total liabilities, redeemable noncontrolling interest and equity 651,734 582,095
Common Stock - Series A [Member]
    
Equity:    
Series A Special Stock, par value $0.0001; 2,750,000 issued and outstanding at March 31, 2012 and June 30, 2011 $ 63,112 $ 63,112