Consolidated Income Statements (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended	9 Months Ended
Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Net revenue	$ 133,568	$ 108,909	$ 369,959	$ 313,736
Costs and expenses:
Instructional costs and services	57,354	48,933	161,584	144,162
Selling and promotional, including $640 and $151 for the three months ended September 30, 2012 and 2011, respectively, and $1,681 and $612 for the nine months ended September 30, 2012 and 2011, respectively, to related parties	36,450	31,248	103,764	88,789
General and administrative	8,561	7,145	23,806	21,015
Lease termination fee		922		922
Total costs and expenses	102,365	88,248	289,154	254,888
Operating income	31,203	20,661	80,805	58,848
Interest expense	(154)	(170)	(439)	(306)
Interest income	16	20	52	78
Income before income taxes	31,065	20,511	80,418	58,620
Income tax expense	12,594	7,643	31,880	23,398
Net income	$ 18,471	$ 12,868	$ 48,538	$ 35,222
Net income per common share:
Basic	$ 0.42	$ 0.29	$ 1.09	$ 0.79
Diluted	$ 0.41	$ 0.29	$ 1.07	$ 0.78
Shares used in computing net income per common share:
Basic	44,365	44,302	44,395	44,845
Diluted	45,339	44,787	45,220	45,293

Costs directly attributable to educational services, including salaries and benefits for full-time faculty, administrators and academic advisors, and costs associated with adjunct faculty. Also includes costs for educational supplies such as books, costs associated with academic records and graduation, costs associated with collections from our students such as bad debt expense, and other university services such as evaluating transcripts.

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