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Quarterly Results of Operations (Tables) | 12 Months Ended
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Jun. 30, 2019
Quarterly Results of Operations (Unaudited) |
Schedule of selected unaudited quarterly financial information |
|  | Fiscal Year 2019
|  | Jun 30, |  | Mar 31, |  | Dec 31, |  | Sep 30,
|  | 2019 |  | 2019 |  | 2018 |  | 2018
|  | (In thousands)
Consolidated Quarterly Statements of Operations |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 256,314 |  | $ | 253,252 |  | $ | 254,872 |  | $ | 251,314
Cost and expenses |  |  |  |  |  |  |  |  |  |  |  |
Instructional costs and services |  |  | 175,863 |  |  | 168,260 |  |  | 160,329 |  |  | 158,985
Selling, administrative and other operating expenses |  |  | 75,207 |  |  | 59,382 |  |  | 60,183 |  |  | 102,578
Product development expenses |  |  | 2,563 |  |  | 2,343 |  |  | 1,070 |  |  | 3,503
Total costs and expenses |  |  | 253,633 |  |  | 229,985 |  |  | 221,582 |  |  | 265,066
Income (loss) from operations |  |  | 2,681 |  |  | 23,267 |  |  | 33,290 |  |  | (13,752)
Interest income, net |  |  | 1,214 |  |  | 754 |  |  | 477 |  |  | 316
Other income (expense), net |  |  | 154 |  |  | 556 |  |  | (789) |  |  | 193
Income (loss) before income taxes, loss from equity method investments and noncontrolling interest |  |  | 4,049 |  |  | 24,577 |  |  | 32,978 |  |  | (13,243)
Income tax (expense) benefit |  |  | (662) |  |  | (5,842) |  |  | (9,074) |  |  | 5,058
Loss from equity method investments |  |  | (70) |  |  | (273) |  |  | (192) |  |  | (97)
Net income (loss) attributable to common stockholders |  | $ | 3,317 |  | $ | 18,462 |  | $ | 23,712 |  | $ | (8,282)
Net income (loss) attributable to common stockholders per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.08 |  | $ | 0.47 |  | $ | 0.61 |  | $ | (0.22)
Diluted |  | $ | 0.08 |  | $ | 0.44 |  | $ | 0.59 |  | $ | (0.22)
Weighted average shares used in computing per share amounts: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 39,135,413 |  |  | 39,008,990 |  |  | 38,816,669 |  |  | 38,434,049
Diluted |  |  | 41,667,000 |  |  | 41,753,323 |  |  | 40,325,260 |  |  | 38,434,049
|  | 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 (expense) benefit |  |  | (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

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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