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Secondary Offering
12 Months Ended
Dec. 31, 2011
Secondary Offering [Abstract]  
Secondary Offering

3. Secondary Offering

In September 2009, the University completed a public offering of shares of its common stock. In the offering 6,900 shares were sold, consisting of 1,000 shares sold by the University and 5,900 shares sold by certain stockholders of the University. Total net proceeds to the University were $14,880, net of underwriting discounts and commissions and offering expenses. The University did not receive any of the proceeds from the sale of common stock sold by the selling stockholders.