v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Jun. 30, 2012
Current assets    
Cash and cash equivalents $ 143,192 $ 144,652
Restricted cash and cash equivalents   1,501
Accounts receivable, net of allowance of $2,970 and $1,624 at December 31, 2012 and June 30, 2012, respectively 223,312 160,922
Inventories, net 29,470 37,853
Current portion of deferred tax asset 12,363 16,140
Prepaid expenses 19,833 11,173
Other current assets 16,000 14,598
Total current assets 444,170 386,839
Property and equipment, net 63,134 55,903
Capitalized software, net 39,639 34,709
Capitalized curriculum development costs, net 62,926 60,345
Intangible assets, net 34,437 36,736
Goodwill 61,501 61,619
Investment in Web International 10,000 10,000
Deposits and other assets 2,902 2,684
Total assets 718,709 648,835
Current liabilities    
Accounts payable 20,121 23,951
Accrued liabilities 22,218 13,802
Accrued compensation and benefits 13,296 17,355
Deferred revenue 59,249 25,410
Current portion of capital lease obligations 19,799 15,950
Current portion of note payable 1,138 1,145
Total current liabilities 135,821 97,613
Deferred rent, net of current portion 8,679 6,974
Capital lease obligations, net of current portion 20,619 15,124
Note payable, net of current portion   777
Deferred tax liability 34,764 31,591
Other long term liabilities 2,146 1,908
Total liabilities 202,029 153,987
Commitments and contingencies      
Redeemable noncontrolling interest 17,200 17,200
K12 Inc. stockholders' equity    
Common stock, par value $0.0001; 100,000,000 shares authorized; 36,872,800 and 36,436,933 shares issued and outstanding at December 31, 2012 and June 30, 2012, respectively 4 4
Additional paid-in capital 527,574 519,439
Accumulated other comprehensive (loss) income (50) 100
Accumulated deficit (95,293) (109,161)
Total K12 Inc. stockholders' equity 495,347 473,494
Noncontrolling interest 4,133 4,154
Total equity 499,480 477,648
Total liabilities, redeemable noncontrolling interest and equity 718,709 648,835
Series A Common Stock
    
K12 Inc. stockholders' equity    
Series A Special Stock, par value $0.0001; 2,750,000 shares authorized, issued and outstanding at December 31, 2012 and June 30, 2012 63,112 63,112
Total equity $ 63,112 $ 63,112