XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Income Statements (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Income Statement [Abstract]    
Net revenue $ 142,030 $ 117,131
Costs and expenses:    
Instructional costs and services 59,997 50,824
Admissions advisory and related, including $753 and $432 to related parties for March 31, 2013 and 2012, respectively 22,993 19,991
Advertising, including $0 and $15 to related parties for March 31, 2013 and 2012, respectively 15,929 13,639
Marketing and promotional 1,435 929
General and administrative 8,051 7,544
Total costs and expenses 108,405 92,927
Operating income 33,625 24,204
Interest expense (668) (207)
Interest income and other income 2,195 10
Income before income taxes 35,152 24,007
Income tax expense 14,207 9,538
Net income $ 20,945 $ 14,469
Earnings per share:    
Basic income per share $ 0.47 $ 0.33
Diluted income per share $ 0.46 $ 0.32
Basic weighted average shares outstanding 44,242 44,371
Diluted weighted average shares outstanding 45,449 45,151