XML 50 R36.htm IDEA: XBRL DOCUMENT
v3.20.2

Quarterly Results of Operations (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2020
Quarterly Results of Operations (Unaudited) |
Schedule of selected unaudited quarterly financial information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fiscal Year 2020
​ | ​ | Jun 30, | ​ | Mar 31, | ​ | Dec 31, | ​ | Sep 30,
​ |  | 2020 |  | 2020 |  | 2019 |  | 2019
​ | ​ | (In thousands)
Consolidated Quarterly Statements of Operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues | ​ | $ | 268,931 | ​ | $ | 257,154 | ​ | $ | 257,559 | ​ | $ | 257,121
Instructional costs and services | ​ |  | 177,436 | ​ |  | 178,968 | ​ |  | 167,470 | ​ |  | 169,358
Gross margin | ​ |  | 91,495 | ​ |  | 78,186 | ​ |  | 90,089 | ​ |  | 87,763
Selling, general, and administrative expenses | ​ |  | 84,454 | ​ |  | 63,687 | ​ |  | 59,784 | ​ |  | 107,151
Income (loss) from operations | ​ |  | 7,041 | ​ |  | 14,499 | ​ |  | 30,305 | ​ |  | (19,388)
Interest income (expense), net | ​ |  | (577) | ​ |  | (76) | ​ |  | 441 | ​ |  | 910
Other income (expense), net | ​ |  | 1,008 | ​ | ​ | (1,093) | ​ | ​ | 365 | ​ | ​ | (8)
Income (loss) before income taxes and loss from equity method investments | ​ |  | 7,472 | ​ |  | 13,330 | ​ |  | 31,111 | ​ |  | (18,486)
Income tax (expense) benefit | ​ |  | (2,548) | ​ |  | (4,419) | ​ |  | (10,392) | ​ |  | 8,818
Loss from equity method investments | ​ | ​ | (36) | ​ | ​ | (157) | ​ | ​ | (125) | ​ | ​ | (62)
Net income (loss) attributable to common stockholders | ​ | $ | 4,888 | ​ | $ | 8,754 | ​ | $ | 20,594 | ​ | $ | (9,730)
Net income (loss) attributable to common stockholders per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | 0.12 | ​ | $ | 0.22 | ​ | $ | 0.52 | ​ | $ | (0.25)
Diluted | ​ | $ | 0.12 | ​ | $ | 0.22 | ​ | $ | 0.52 | ​ | $ | (0.25)
Weighted average shares used in computing per share amounts: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ |  | 39,637,347 | ​ |  | 39,539,791 | ​ |  | 39,450,017 | ​ |  | 39,288,557
Diluted | ​ |  | 41,166,794 | ​ |  | 39,938,898 | ​ |  | 39,973,933 | ​ |  | 39,288,557
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
Instructional costs and services | ​ | ​ | 175,863 | ​ | ​ | 168,260 | ​ | ​ | 160,329 | ​ | ​ | 158,985
Gross margin | ​ |  | 80,451 | ​ |  | 84,992 | ​ |  | 94,543 | ​ |  | 92,329
Selling, general, and administrative expenses | ​ |  | 77,770 | ​ |  | 61,725 | ​ |  | 61,253 | ​ |  | 106,081
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 and loss from equity method investments | ​ |  | 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 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

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=118952077&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration