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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS                      
Revenues $ 238,874 $ 232,864 $ 217,211 $ 228,785 $ 215,758 $ 222,533 $ 221,090 $ 229,138 $ 917,734 $ 888,519 $ 872,700
Cost and expenses                      
Instructional costs and services 157,087 148,878 139,163 147,367 139,244 136,431 137,542 144,099 592,495 557,316 546,510
Selling, administrative, and other operating expenses 69,939 62,267 61,958 96,282 68,791 69,828 62,352 104,646 290,446 305,617 302,205
Product development expenses 1,972 2,002 2,376 2,898 3,011 3,511 2,873 3,062 9,248 12,457 10,071
Total costs and expenses 228,998 213,147 203,497 246,547 211,046 209,770 202,767 251,807 892,189 875,390 858,786
Income from operations 9,876 19,717 13,714 (17,762) 4,712 12,763 18,323 (22,669) 25,545 13,129 13,914
Impairment of investment in Web International Education Group, Ltd         (10,000)         (10,000)  
Interest income (expense), net 430 261 39 235 561 641 264 342 965 1,808 (617)
Income before income taxes and noncontrolling interest 10,306 19,978 13,753 (17,527) (4,727) 13,404 18,587 (22,327) 26,510 4,937 13,297
Income tax benefit (expense) (959) (6,935) (564) 9,368 (1,876) (4,522) (7,688) 8,690 910 (5,396) (4,746)
Net income (loss) 9,347 13,043 13,189 (8,159) (6,603) 8,882 10,899 (13,637) 27,420 (459) 8,551
Add net loss attributable to noncontrolling interest   27 70 103 120 233 753 (196) 200 910 484
Net income attributable to common stockholders $ 9,347 $ 13,070 $ 13,259 $ (8,056) $ (6,483) $ 9,115 $ 11,652 $ (13,833) $ 27,620 $ 451 [1] $ 9,035 [1]
Net income attributable to common stockholders per share:                      
Basic (in dollars per share) $ 0.24 $ 0.33 $ 0.34 $ (0.21) $ (0.17) $ 0.24 $ 0.31 $ (0.36) $ 0.70 $ 0.01 $ 0.24
Diluted (in dollars per share) $ 0.23 $ 0.32 $ 0.33 $ (0.21) $ (0.17) $ 0.23 $ 0.30 $ (0.36) $ 0.68 $ 0.01 $ 0.23
Weighted average shares used in computing per share amounts:                      
Basic (in shares) 39,031,207 39,644,074 39,347,244 39,108,172 38,757,312 38,376,984 38,104,909 37,938,705 39,282,674 38,298,581 37,613,782
Diluted (in shares) 39,976,593 40,766,203 40,685,667 39,108,172 38,757,312 39,328,127 39,007,276 37,938,705 40,637,744 39,500,934 38,850,388
[1] Net income excludes $0.2 million, $0.9 million and $0.5 million for the years ended June 30, 2018, 2017 and 2016, respectively, due to the redeemable noncontrolling interest related to Middlebury Interactive Languages and LearnBop, which is reported outside of permanent equity in the accompanying consolidated balance sheets (See Note 10, “Redeemable Noncontrolling Interest”).