v2.4.0.6
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net income $ 14,916 $ 15,127
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:    
Depreciation and amortization expense 42,312 30,463
Stock based compensation expense 7,339 7,453
Excess tax benefit from stock based compensation (1,289) (5,443)
Deferred income taxes 9,571 13,329
Provision for doubtful accounts 480 569
Provision for inventory obsolescence 464 729
Provision for student computer shrinkage and obsolescence 427 182
Changes in assets and liabilities:    
Accounts receivable (109,128) (52,728)
Inventories 2,565 7,235
Prepaid expenses (4,004) 545
Other current assets (3,635) (1,994)
Deposits and other assets 229 (105)
Accounts payable (3,901) (4,150)
Accrued liabilities 2,124 1,516
Accrued compensation and benefits 3,040 (4,377)
Deferred revenue 24,310 14,478
Cash invested in restricted cash and cash equivalents   1,712
Deferred rent and other long term liabilities 650 2,483
Net cash (used in)/provided by operating activities (13,530) 27,024
Cash flows from investing activities    
Purchase of property, equipment and software development costs (22,478) (20,295)
Capitalized curriculum development costs (10,341) (11,728)
Purchase of AEC, net of cash acquired of $3,841   (24,544)
Cash advanced for AEC performance escrow   (6,825)
Cash returned from AEC performance escrow   6,825
Cash paid for investment in Web   (10,000)
Cash paid for other investment   (2,040)
Purchase of Kaplan/Insight Assets (12,641)  
Net cash used in investing activities (45,460) (68,607)
Cash flows from financing activities    
Repayments on capital lease obligations (11,950) (11,113)
Repayments on notes payable (1,443) (1,251)
Borrowings from line of credit   15,000
Repayments under line of credit   (15,000)
Proceeds from exercise of stock options 3,123 8,252
Excess tax benefit from stock based compensation 1,289 5,443
Repurchase of restricted stock for income tax withholding (1,291) (1,595)
Payment of stock registration expense (313)  
Net cash (used in)/provided by financing activities (10,585) (264)
Effect of foreign exchange rate changes on cash and cash equivalents 129 176
Net change in cash and cash equivalents (69,446) (41,671)
Cash and cash equivalents, beginning of period 193,099 81,751
Cash and cash equivalents, end of period $ 123,653 $ 40,080