XML 25 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 56,700 $ 21,189
Restricted cash and cash equivalents 50,454 56,115
Accounts receivable, net of allowance for doubtful accounts of $8,844 and $11,706 at March 31, 2012 and December 31, 2011, respectively 7,843 11,815
Income taxes receivable 936 11,861
Deferred income taxes 2,376 3,353
Other current assets 11,990 11,081
Total current assets 130,299 115,414
Property and equipment, net 207,169 189,947
Restricted cash 555 555
Prepaid royalties 5,793 5,958
Goodwill 2,941 2,941
Other assets 3,212 3,032
Total assets 349,969 317,847
Current liabilities    
Accounts payable 24,660 18,523
Accrued compensation and benefits 9,372 12,229
Accrued liabilities 8,515 8,456
Income taxes payable 6,091 536
Student deposits 51,903 57,602
Deferred revenue 33,479 21,723
Due to related parties 279 227
Current portion of capital lease obligations 96 470
Current portion of notes payable 1,739 1,739
Total current liabilities 136,134 121,505
Capital lease obligations, less current portion 652 674
Other noncurrent liabilities 7,719 7,140
Deferred income taxes, noncurrent 4,126 5,334
Notes payable, less current portion 19,468 19,901
Total liabilities 168,099 154,554
Commitments and contingencies      
Stockholders' equity    
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2012 and December 31, 2011      
Common stock, $0.01 par value, 100,000 shares authorized; 46,147 and 45,955 shares issued and 44,490 and 44,298 shares outstanding March at 31, 2012 and December 31, 2011 respectively 461 460
Treasury stock, at cost, 1,657 shares of common stock at March 31, 2012 and December 31, 2011 (23,894) (23,894)
Additional paid-in capital 89,800 85,720
Accumulated other comprehensive loss (333) (360)
Accumulated earnings 115,836 101,367
Total stockholders' equity 181,870 163,293
Total liabilities and stockholders' equity $ 349,969 $ 317,847