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Quarterly Results of Operations (Tables) | 12 Months Ended
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Jun. 30, 2018
Quarterly Results of Operations (Unaudited) |
Schedule of selected unaudited quarterly financial information |
|  | Fiscal Year 2018
|  | Jun 30, |  | Mar 31, |  | Dec 31, |  | Sep 30,
|  | 2018 |  | 2018 |  | 2017 |  | 2017
|  | (In thousands)
Consolidated Quarterly Statements of Operations |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 238,874 |  | $ | 232,864 |  | $ | 217,211 |  | $ | 228,785
Cost and expenses |  |  |  |  |  |  |  |  |  |  |  |
Instructional costs and services |  |  | 157,087 |  |  | 148,878 |  |  | 139,163 |  |  | 147,367
Selling, administrative and other operating expenses |  |  | 69,939 |  |  | 62,267 |  |  | 61,958 |  |  | 96,282
Product development expenses |  |  | 1,972 |  |  | 2,002 |  |  | 2,376 |  |  | 2,898
Total costs and expenses |  |  | 228,998 |  |  | 213,147 |  |  | 203,497 |  |  | 246,547
Income (loss) from operations |  |  | 9,876 |  |  | 19,717 |  |  | 13,714 |  |  | (17,762)
Interest income, net |  |  | 430 |  |  | 261 |  |  | 39 |  |  | 235
Income (loss) before income taxes and noncontrolling interest |  |  | 10,306 |  |  | 19,978 |  |  | 13,753 |  |  | (17,527)
Income tax benefit (expense) |  |  | (959) |  |  | (6,935) |  |  | (564) |  |  | 9,368
Net income (loss) |  |  | 9,347 |  |  | 13,043 |  |  | 13,189 |  |  | (8,159)
Add net loss attributable to noncontrolling interest |  |  | — |  |  | 27 |  |  | 70 |  |  | 103
Net income (loss) attributable to common stockholders |  | $ | 9,347 |  | $ | 13,070 |  | $ | 13,259 |  | $ | (8,056)
Net income (loss) attributable to common stockholders per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.24 |  | $ | 0.33 |  | $ | 0.34 |  | $ | (0.21)
Diluted |  | $ | 0.23 |  | $ | 0.32 |  | $ | 0.33 |  | $ | (0.21)
Weighted average shares used in computing per share amounts: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 39,031,207 |  |  | 39,644,074 |  |  | 39,347,244 |  |  | 39,108,172
Diluted |  |  | 39,976,593 |  |  | 40,766,203 |  |  | 40,685,667 |  |  | 39,108,172
|  | Fiscal Year 2017
|  | Jun 30, |  | Mar 31, |  | Dec 31, |  | Sep 30,
|  | 2017 |  | 2017 |  | 2016 |  | 2016
|  | (In thousands)
Consolidated Quarterly Statements of Operations |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 215,758 |  | $ | 222,533 |  | $ | 221,090 |  | $ | 229,138
Cost and expenses |  |  |  |  |  |  |  |  |  |  |  |
Instructional costs and services |  |  | 139,244 |  |  | 136,431 |  |  | 137,542 |  |  | 144,099
Selling, administrative and other operating expenses |  |  | 68,791 |  |  | 69,828 |  |  | 62,352 |  |  | 104,646
Product development expenses |  |  | 3,011 |  |  | 3,511 |  |  | 2,873 |  |  | 3,062
Total costs and expenses |  |  | 211,046 |  |  | 209,770 |  |  | 202,767 |  |  | 251,807
Income (loss) from operations |  |  | 4,712 |  |  | 12,763 |  |  | 18,323 |  |  | (22,669)
Impairment of investment in Web International Education Group, Ltd. |  |  | (10,000) |  |  | — |  |  | — |  |  | —
Interest income, net |  |  | 561 |  |  | 641 |  |  | 264 |  |  | 342
Income (loss) before income taxes and noncontrolling interest |  |  | (4,727) |  |  | 13,404 |  |  | 18,587 |  |  | (22,327)
Income tax benefit (expense) |  |  | (1,876) |  |  | (4,522) |  |  | (7,688) |  |  | 8,690
Net income (loss) |  |  | (6,603) |  |  | 8,882 |  |  | 10,899 |  |  | (13,637)
Add net (income) loss attributable to noncontrolling interest |  |  | 120 |  |  | 233 |  |  | 753 |  |  | (196)
Net income (loss) attributable to common stockholders |  | $ | (6,483) |  | $ | 9,115 |  | $ | 11,652 |  | $ | (13,833)
Net income (loss) attributable to common stockholders per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.17) |  | $ | 0.24 |  | $ | 0.31 |  | $ | (0.36)
Diluted |  | $ | (0.17) |  | $ | 0.23 |  | $ | 0.30 |  | $ | (0.36)
Weighted average shares used in computing per share amounts: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 38,757,312 |  |  | 38,376,984 |  |  | 38,104,909 |  |  | 37,938,705
Diluted |  |  | 38,757,312 |  |  | 39,328,127 |  |  | 39,007,276 |  |  | 37,938,705

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=84173487&loc=d3e1280-108306 + Details
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