XML 30 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 39,129 $ 55,824
Restricted cash and cash equivalents 50,834 64,368
Investments 157,466 108,420
Accounts receivable, net 7,384 7,217
Income taxes receivable   3,599
Deferred income taxes 5,247 5,159
Other current assets 17,879 19,116
Total current assets 277,939 263,703
Property and equipment, net 365,499 339,596
Prepaid royalties 3,873 4,641
Goodwill 2,941 2,941
Other assets 5,000 5,219
Total assets 655,252 616,100
Current liabilities    
Accounts payable 27,967 24,231
Accrued compensation and benefits 14,947 20,093
Accrued liabilities 13,235 14,554
Income taxes payable 5,037 7
Student deposits 54,211 66,772
Deferred revenue 46,700 32,816
Due to related parties 516 454
Current portion of capital lease obligations 90 89
Current portion of notes payable 6,609 6,607
Total current liabilities 169,312 165,623
Capital lease obligations, less current portion 475 497
Other noncurrent liabilities 6,551 6,811
Deferred income taxes, noncurrent 13,179 11,832
Notes payable, less current portion 84,840 86,493
Total liabilities 274,357 271,256
Commitments and contingencies      
Stockholders' equity    
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2014 and December 31, 2013      
Common stock, $0.01 par value, 100,000 shares authorized; 49,582 and 48,890 shares issued and 46,638 and 46,045 shares outstanding at March 31, 2014 and December 31, 2013, respectively 496 489
Treasury stock, at cost, 2,944 and 2,845 shares of common stock at March 31, 2014 and December 31, 2013, respectively (52,675) (48,432)
Additional paid-in capital 146,945 132,904
Accumulated other comprehensive income 316 358
Retained earnings 285,813 259,525
Total stockholders' equity 380,895 344,844
Total liabilities and stockholders' equity $ 655,252 $ 616,100