XML 71 R66.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Results of Operations (Unaudited) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Quarterly Results of Operations (Unaudited) [Abstract]                      
Net revenue $ 113,005 $ 108,909 $ 103,118 $ 101,709 $ 100,031 $ 98,946 $ 97,322 $ 89,326 $ 426,741 $ 385,625 $ 261,902
Costs and expenses:                      
Instructional costs and services 50,639 48,933 46,354 48,875 45,435 45,717 51,032 36,660 194,801 178,844 101,904
Selling and promotional 31,166 31,248 27,709 29,832 28,538 28,103 28,976 26,876 119,955 112,493 85,405
General and administrative 8,028 7,145 7,038 6,832 7,733 6,608 6,176 6,104 29,043 26,621 21,603
Contract termination fees to related party         9,233         9,233  
Lease termination costs (140) 922             782    
Exit costs         26 27 116 89   258 1,218
Total costs and expenses 89,693 88,248 81,101 85,539 90,965 80,455 86,300 69,729 344,581 327,449 215,330
Operating income 23,312 20,661 22,017 16,170 9,066 18,491 11,022 19,597 82,160 58,176 46,572
Net interest expense (404) (150) (3) (75) (170) (143) (125) (283)      
Income before income taxes 22,908 20,511 22,014 16,095 8,896 18,348 10,897 19,314 81,528 57,455 45,283
Income tax expense 7,584 7,643 9,141 6,614 2,646 7,606 4,163 7,834 30,982 22,249 17,979
Net income $ 15,324 $ 12,868 $ 12,873 $ 9,481 $ 6,250 $ 10,742 $ 6,734 $ 11,480 $ 50,546 $ 35,206 $ 27,304
Earnings per share:                      
Basic income per share $ 0.35 $ 0.29 $ 0.29 $ 0.21 $ 0.14 $ 0.23 $ 0.15 $ 0.25 $ 1.13 $ 0.77 $ 0.60
Diluted income per share $ 0.34 $ 0.29 $ 0.29 $ 0.21 $ 0.13 $ 0.23 $ 0.14 $ 0.25 $ 1.12 $ 0.76 $ 0.60
Basic weighted average shares outstanding 44,317 44,302 44,658 45,590 45,743 45,746 45,724 45,674 44,631 45,722 45,184
Diluted weighted average shares outstanding 44,868 44,787 45,018 46,089 46,346 46,351 46,557 46,325 45,105 46,396 45,503