XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Income Statements (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Income Statement [Abstract]    
Net revenue $ 167,432 $ 142,030
Costs and expenses:    
Instructional costs and services 70,678 59,997
Admissions advisory and related, including $805 and $753 to related parties for the three months ended March 31, 2014 and 2013, respectively 26,261 22,993
Advertising 16,712 15,929
Marketing and promotional 1,791 1,435
General and administrative 8,554 8,051
Total costs and expenses 123,996 108,405
Operating income 43,436 33,625
Interest expense (523) (668)
Interest and other income 137 2,195
Income before income taxes 43,050 35,152
Income tax expense 16,762 14,207
Net income $ 26,288 $ 20,945
Earnings per share:    
Basic income per share $ 0.58 $ 0.47
Diluted income per share $ 0.56 $ 0.46
Basic weighted average shares outstanding 45,205 44,242
Diluted weighted average shares outstanding 46,841 45,449