XML 28 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 106,816 $ 105,111
Restricted cash and cash equivalents 49,800 55,964
Investments 63,492  
Accounts receivable, net of allowance for doubtful accounts of $9,465 and $8,657 at September 30, 2013 and December 31, 2012, respectively 7,986 7,951
Note receivable secured by real estate   27,000
Income taxes receivable 13  
Deferred income taxes 6,444 5,481
Other current assets 17,913 12,667
Total current assets 252,464 214,174
Property and equipment, net 328,423 269,162
Restricted cash   225
Prepaid royalties 4,806 5,299
Goodwill 2,941 2,941
Other assets 5,441 3,122
Total assets 594,075 494,923
Current liabilities    
Accounts payable 22,934 14,174
Accrued compensation and benefits 16,163 18,812
Accrued liabilities 16,542 17,467
Income taxes payable 989 8,704
Student deposits 52,077 57,745
Deferred revenue 58,503 28,614
Due to related parties 494 523
Current portion of capital lease obligations 89 87
Current portion of notes payable 6,605 6,601
Total current liabilities 174,396 152,727
Capital lease obligations, less current portion 520 587
Other noncurrent liabilities 6,293 7,405
Deferred income taxes, noncurrent 10,412 7,045
Notes payable, less current portion 88,137 93,100
Total liabilities 279,758 260,864
Commitments and contingencies      
Stockholders' equity    
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at September 30, 2013 and December 31, 2012      
Common stock, $0.01 par value, 100,000 shares authorized; 48,792 and 47,136 shares issued and 45,982 and 44,716 shares outstanding at September 30, 2013 and December 31, 2012, respectively 488 471
Treasury stock, at cost, 2,810 and 2,420 shares of common stock at September 30, 2013 and December 31, 2012 (48,145) (39,136)
Additional paid-in capital 128,366 102,133
Accumulated other comprehensive income (loss) 240 (223)
Accumulated earnings 233,368 170,814
Total stockholders' equity 314,317 234,059
Total liabilities and stockholders' equity $ 594,075 $ 494,923