XML 29 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 20,214 $ 55,824
Restricted cash and cash equivalents 53,233 64,368
Investments 156,492 108,420
Accounts receivable, net 8,515 7,217
Income taxes receivable   3,599
Deferred income taxes 5,472 5,159
Other current assets 17,208 19,116
Total current assets 261,134 263,703
Property and equipment, net 416,242 339,596
Prepaid royalties 3,799 4,641
Goodwill 2,941 2,941
Other assets 4,428 5,219
Total assets 688,544 616,100
Current liabilities    
Accounts payable 33,290 24,231
Accrued compensation and benefits 21,059 20,093
Accrued liabilities 15,604 14,554
Income taxes payable 6,163 7
Student deposits 54,867 66,772
Deferred revenue 41,686 32,816
Due to related parties 500 454
Current portion of capital lease obligations 90 89
Current portion of notes payable 6,611 6,607
Total current liabilities 179,870 165,623
Capital lease obligations, less current portion 452 497
Other noncurrent liabilities 6,146 6,811
Deferred income taxes, noncurrent 11,596 11,832
Notes payable, less current portion 83,187 86,493
Total liabilities 281,251 271,256
Commitments and contingencies      
Stockholders' equity    
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at June 30, 2014 and December 31, 2013      
Common stock, $0.01 par value, 100,000 shares authorized; 49,666 and 48,890 shares issued and 46,691 and 46,045 shares outstanding at June 30, 2014 and December 31, 2013, respectively 497 489
Treasury stock, at cost, 2,975 and 2,845 shares of common stock at June 30, 2014 and December 31, 2013, respectively (53,770) (48,432)
Additional paid-in capital 151,528 132,904
Accumulated other comprehensive income 156 358
Retained earnings 308,882 259,525
Total stockholders' equity 407,293 344,844
Total liabilities and stockholders' equity $ 688,544 $ 616,100