Restatement of Consolidated Financial Statements (Tables)

9 Months Ended

Sep. 30, 2011


	Three Months Ended						Nine Months Ended
	September 30, 2010						September 30, 2010
	As Reported			As Restated			As Reported			As Restated
Net revenue	$	98,946		$	98,946		$	285,794		$	285,594
Costs and expenses:
Instructional costs and services		42,070			45,717			120,472			133,409
Selling and promotional		28,103			28,103			83,955			83,955
General and administrative		6,608			6,608			18,888			18,888
Exit costs		27			27			232			232

Total costs and expenses		76,808			80,455			223,547			236,484

Operating income		22,138			18,491			62,247			49,110
Net interest expense		(143	)		(143	)		(551	)		(551	)

Income before income taxes		21,995			18,348			61,696			48,559
Income tax expense		9,077			7,606			24,902			19,603

Net income	$	12,918		$	10,742		$	36,794		$	28,956

Earnings per share:
Basic income per share(1)	$	0.28		$	0.23		$	0.80		$	0.63

Diluted income per share(1)	$	0.28		$	0.23		$	0.79		$	0.62

Basic weighted average shares outstanding		45,746			45,746			45,715			45,715

Diluted weighted average shares outstanding		46,351			46,351			46,413			46,413


(1)		The sum of quarterly income per share may not equal annual income per share due to rounding.


	Nine Months Ended
	September 30, 2010
	As Reported			As Restated
Net income	$	36,794		$	28,956
Provision for bad debts		16,347			29,283
Deferred income taxes		(4,163	)		(9,461	)
Changes in accounts receivable		(39,280	)		(39,080	)
Net cash provided by operating activities		80,534			80,534