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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows provided by operating activities:    
Net income $ 100,535 $ 93,297
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 9,034 8,423
Excess tax benefits from share-based compensation (7,370) (3,343)
Provision for bad debts 12,812 11,412
Depreciation and amortization 32,744 25,360
Deferred income taxes 2,132 (1,305)
Other, including fixed asset impairments 917 2,098
Changes in assets and liabilities:    
Restricted cash, cash equivalents and investments 6,056 3,103
Accounts receivable (14,876) (13,307)
Prepaid expenses and other 327 (1,549)
Due to/from related parties (492) (21)
Accounts payable (3,756) 1,400
Accrued liabilities and employee related liabilities 11,619 (1,181)
Income taxes receivable/payable 5,315 (791)
Deferred rent (790) (824)
Deferred revenue 66,818 49,844
Student deposits (6,574) (3,606)
Net cash provided by operating activities 214,451 169,010
Cash flows used in investing activities:    
Capital expenditures (157,584) (160,223)
Purchases of land, building and golf course improvements related to off-site development (41,876) (9,483)
Proceeds received from note receivable 501  
Return of equity method investment 1,749  
Purchases of investments (34,597) (35,547)
Proceeds from sale or maturity of investments 65,807 52,315
Net cash used in investing activities (166,000) (152,938)
Cash flows provided by (used in) financing activities:    
Principal payments on notes payable and capital lease obligations (18,527) (5,117)
Proceeds from draw on revolving line of credit 25,000  
Debt issuance costs (194)  
Repurchase of common shares including shares withheld in lieu of income taxes (20,009) (4,230)
Excess tax benefits from share-based compensation 7,370 3,343
Net proceeds from exercise of stock options 10,016 2,871
Net cash provided by (used in) financing activities 3,656 (3,133)
Net increase in cash and cash equivalents 52,107 12,939
Cash and cash equivalents, beginning of period 23,036 65,238
Cash and cash equivalents, end of period 75,143 78,177
Supplemental disclosure of cash flow information    
Cash paid for interest 791 849
Cash paid for income taxes 50,826 54,408
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment included in accounts payable 10,735 23,212
Purchases of equipment through capital lease obligations   1,257
Tax benefit of Spirit warrant intangible 190 190
Shortfall tax expense from share-based compensation $ 264 $ 18