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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows provided by operating activities:    
Net income $ 55,912 $ 43,665
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 2,931 2,898
Provision for bad debts 4,383 4,520
Depreciation and amortization 13,267 10,467
Deferred income taxes 3,723 2,710
Other 122 (1,694)
Changes in assets and liabilities:    
Accounts receivable (3,410) (3,676)
Prepaid expenses and other (2,112) 404
Accounts payable 1,042 (7,014)
Accrued liabilities and employee related liabilities 3,381 6,845
Income taxes receivable/payable 16,654 21,927
Deferred rent (92) (236)
Deferred revenue 29,020 19,699
Student deposits (15,165) (13,605)
Net cash provided by operating activities 109,656 86,910
Cash flows used in investing activities:    
Capital expenditures (21,729) (49,781)
Purchases of land, building and golf course improvements related to off-site development (7,898) (7,718)
Proceeds received from note receivable   501
Return of equity method investment   1,749
Purchases of investments (26,532) (13,688)
Proceeds from sale or maturity of investments 7,571 12,924
Net cash used in investing activities (48,588) (56,013)
Cash flows used in financing activities:    
Principal payments on notes payable and capital lease obligations (1,698) (2,133)
Debt issuance costs   (194)
Net borrowings from revolving line of credit (25,000)  
Repurchase of common shares including shares withheld in lieu of income taxes (9,516) (19,175)
Net proceeds from exercise of stock options 3,122 3,459
Net cash used in financing activities (33,092) (18,043)
Net increase in cash and cash equivalents and restricted cash 27,976 12,854
Cash and cash equivalents and restricted cash, beginning of period 130,907 98,420
Cash and cash equivalents and restricted cash, end of period 158,883 111,274
Supplemental disclosure of cash flow information    
Cash paid for interest 674 332
Cash paid for income taxes 438 1,715
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment included in accounts payable $ 5,993 23,161
Tax benefit of Spirit warrant intangible   63
Shortfall tax expense from share-based compensation   $ 252