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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows provided by operating activities:    
Net income $ 43,665 $ 34,179
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 2,898 2,603
Excess tax benefits from share-based compensation (3,495) (2,816)
Provision for bad debts 4,520 3,968
Depreciation and amortization 10,467 8,154
Deferred income taxes 2,710 1,001
Other (1,694)  
Changes in assets and liabilities:    
Restricted cash, cash equivalents and investments 12,903 9,965
Accounts receivable (3,676) (3,052)
Prepaid expenses and other 404 (283)
Due to/from related parties (486) 17
Accounts payable (7,014) (165)
Accrued liabilities and employee related liabilities 7,331 (4,526)
Income taxes receivable/payable 21,927 13,508
Deferred rent (236) (268)
Deferred revenue 19,699 16,539
Student deposits (13,605) (10,635)
Net cash provided by operating activities 96,318 68,189
Cash flows used in investing activities:    
Capital expenditures (49,781) (44,212)
Purchases of land, building and golf course improvements related to off-site development (7,718) (1,525)
Proceeds received from note receivable 501  
Return of equity method investment 1,749  
Purchases of investments (13,688) (10,710)
Proceeds from sale or maturity of investments 12,924 10,479
Net cash used in investing activities (56,013) (45,968)
Cash flows used in financing activities:    
Principal payments on notes payable and capital lease obligations (2,133) (1,676)
Debt issuance costs (194)  
Repurchase of common shares including shares withheld in lieu of income taxes (19,175) (4,178)
Excess tax benefits from share-based compensation 3,495 2,816
Net proceeds from exercise of stock options 3,459 1,735
Net cash used in financing activities (14,548) (1,303)
Net increase in cash and cash equivalents 25,757 20,918
Cash and cash equivalents, beginning of period 23,036 65,238
Cash and cash equivalents, end of period 48,793 86,156
Supplemental disclosure of cash flow information    
Cash paid for interest 332 386
Cash paid for income taxes 1,715 6,800
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment included in accounts payable 23,161 17,611
Tax benefit of Spirit warrant intangible 63 65
Shortfall tax expense from share-based compensation $ 252 $ 11