XML 29 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 78,177 $ 65,238
Restricted cash, cash equivalents and investments 64,737 67,840
Investments 84,016 100,784
Accounts receivable, net 9,500 7,605
Deferred income taxes 5,651 6,149
Other current assets 21,152 19,429
Total current assets 263,233 267,045
Property and equipment, net 639,631 478,170
Prepaid royalties 3,429 3,650
Goodwill 2,941 2,941
Other assets 3,377 3,907
Total assets 912,611 755,713
Current liabilities    
Accounts payable 41,482 22,715
Accrued compensation and benefits 21,580 23,995
Accrued liabilities 14,819 13,533
Income taxes payable 612 4,906
Student deposits 65,978 69,584
Deferred revenue 86,712 36,868
Due to related parties 382 403
Current portion of capital lease obligations 495 91
Current portion of notes payable 6,723 6,616
Total current liabilities 238,783 178,711
Capital lease obligations, less current portion 153 406
Other noncurrent liabilities 3,689 4,513
Deferred income taxes, noncurrent 14,590 15,974
Notes payable, less current portion 75,759 79,877
Total liabilities $ 332,974 $ 279,481
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at September 30, 2015 and December 31, 2014
Common stock, $0.01 par value, 100,000 shares authorized; 50,247 and 49,746 shares issued and 47,138 and 46,744 shares outstanding at September 30, 2015 and December 31, 2014, respectively $ 502 $ 497
Treasury stock, at cost, 3,109 and 3,002 shares of common stock at September 30, 2015 and December 31, 2014, respectively (58,000) (53,770)
Additional paid-in capital 173,301 158,549
Accumulated other comprehensive loss (454) (35)
Retained earnings 464,288 370,991
Total stockholders' equity 579,637 476,232
Total liabilities and stockholders' equity $ 912,611 $ 755,713