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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 30, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]                      
Net revenue $ 215,954 $ 193,393 $ 174,726 $ 194,127 $ 189,973 $ 175,056 $ 158,594 $ 167,432 $ 778,200 $ 691,055 $ 598,335
Costs and expenses:                      
Instructional costs and services 92,427 83,180 75,357 78,687 78,552 71,714 67,847 70,678 329,651 288,791 254,419
Admissions advisory and related, including $1,575 in 2015; $2,974 in 2014; and $3,412 in 2013, respectively, to related parties 29,361 27,506 27,372 28,333 28,774 27,324 26,208 26,261 112,572 108,567 97,077
Advertising 18,419 19,360 18,419 20,031 16,854 16,491 15,751 16,712 76,229 65,808 60,985
Marketing and promotional 1,978 1,827 1,788 1,694 1,810 1,931 1,907 1,791 7,287 7,439 5,644
General and administrative 10,634 12,536 9,534 9,396 10,447 11,640 8,994 8,554 42,100 39,635 36,934
Total costs and expenses 152,819 144,409 132,470 138,141 136,437 129,100 120,707 123,996 567,839 510,240 455,059
Operating income 63,135 48,984 42,256 55,986 53,536 45,956 37,887 43,436 210,361 180,815 143,276
Interest expense (414) (313) (146) (375) (346) (576) (356) (523) (1,248) (1,801) (2,244)
Interest income and other (691) 201 127 257 307 43 197 137 (106) 684 3,863
Income before income taxes 62,030 48,872 42,237 55,868 53,497 45,423 37,728 43,050 209,007 179,698 144,895
Income tax expense 23,916 15,530 16,461 21,689 20,404 16,407 14,659 16,762 77,596 68,232 56,184
Net income $ 38,114 $ 33,342 $ 25,776 $ 34,179 $ 33,093 $ 29,016 $ 23,069 $ 26,288 $ 131,411 $ 111,466 $ 88,711
Earnings per share:                      
Basic income per share $ 0.83 $ 0.72 $ 0.56 $ 0.75 $ 0.72 $ 0.64 $ 0.51 $ 0.58 $ 2.86 $ 2.45 $ 1.98
Diluted income per share $ 0.81 $ 0.70 $ 0.55 $ 0.72 $ 0.70 $ 0.62 $ 0.49 $ 0.56 $ 2.78 $ 2.37 $ 1.92
Basic weighted average shares outstanding 46,035 46,063 46,012 45,789 45,652 45,651 45,598 45,205 45,975 45,538 44,731
Diluted weighted average shares outstanding 47,337 47,320 47,263 47,201 47,097 47,051 46,990 46,841 47,281 47,006 46,131