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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net revenue $ 174,726 $ 158,594 $ 368,853 $ 326,026
Costs and expenses:        
Instructional costs and services 75,357 67,847 154,044 138,525
Admissions advisory and related, including $489 and $806 for the three months ended June 30, 2015 and 2014, respectively, and $994 and $1,611 for the six months ended June 30, 2015 and 2014, respectively, to related parties 27,372 26,208 55,705 52,469
Advertising 18,419 15,751 38,450 32,463
Marketing and promotional 1,788 1,907 3,482 3,698
General and administrative 9,534 8,994 18,930 17,548
Total costs and expenses 132,470 120,707 270,611 244,703
Operating income 42,256 37,887 98,242 81,323
Interest expense (146) (356) (521) (879)
Interest and other income 127 197 384 334
Income before income taxes 42,237 37,728 98,105 80,778
Income tax expense 16,461 14,659 38,150 31,421
Net income $ 25,776 $ 23,069 $ 59,955 $ 49,357
Earnings per share:        
Basic income per share $ 0.56 $ 0.51 $ 1.31 $ 1.09
Diluted income per share $ 0.55 $ 0.49 $ 1.27 $ 1.05
Basic weighted average shares outstanding 46,012 45,598 45,901 45,403
Diluted weighted average shares outstanding 47,263 46,990 47,233 46,917