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Consolidated Balance Sheets (USD $)
In Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 14,652 $ 33,637
Restricted cash and cash equivalents 45,390 52,178
Accounts receivable, net of allowance for doubtful accounts of $18,103 and $14,961 at June 30, 2011 and December 31, 2010, respectively 32,120 33,334
Income taxes receivable 5,796 8,415
Deferred income taxes 6,230 9,886
Other current assets 5,619 4,834
Total current assets 109,807 142,284
Property and equipment, net 161,532 123,999
Restricted cash 555 760
Prepaid royalties 6,287 6,579
Goodwill 2,941 2,941
Deferred income taxes 3,564 2,800
Other assets 5,257 4,892
Total assets 289,943 284,255
Current liabilities    
Accounts payable 27,480 15,693
Accrued compensation and benefits 11,541 13,633
Accrued liabilities 8,467 9,477
Accrued litigation loss 0 5,200
Accrued exit costs 0 64
Income taxes payable 425 829
Student deposits 46,778 48,873
Deferred revenue 21,789 15,034
Due to related parties 1,573 10,346
Current portion of capital lease obligations 1,229 1,673
Current portion of notes payable 1,841 2,026
Total current liabilities 121,123 122,848
Capital lease obligations, less current portion 0 151
Other noncurrent liabilities 5,392 2,715
Notes payable, less current portion 20,769 21,881
Total liabilities 147,284 147,595
Commitments and contingencies    
Stockholders' equity    
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at June 30, 2011 and December 31, 2010 0 0
Common stock, $0.01 par value, 100,000 shares authorized; 45,865 and 45,811 shares issued and 44,258 and 45,761 shares outstanding at June 30, 2011 and December 31, 2010, respectively 459 458
Treasury stock, at cost, 1,607 and 50 shares of common stock at June 30, 2011 and December 31, 2010, respectively (23,151) (782)
Additional paid-in capital 81,261 77,449
Accumulated other comprehensive loss (446) (445)
Accumulated earnings 84,536 59,980
Total stockholders' equity 142,659 136,660
Total liabilities and stockholders' equity $ 289,943 $ 284,255