XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Income Statements (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net revenue $ 236,209 $ 210,444 $ 702,716 $ 628,681
Costs and expenses:        
Instructional costs and services 104,303 91,748 301,907 271,001
Admissions advisory and related 31,426 28,814 94,483 87,224
Advertising 25,523 23,896 74,930 67,152
Marketing and promotional 2,350 2,127 7,074 6,477
General and administrative 12,915 13,430 32,914 32,959
Lease termination costs   3,363   3,363
Total costs and expenses 176,517 163,378 511,308 468,176
Operating income 59,692 47,066 191,408 160,505
Interest expense (567) (344) (1,642) (831)
Interest and other income 1,445 (2,291) 2,186 50
Income before income taxes 60,570 44,431 191,952 159,724
Income tax expense 21,266 15,187 56,889 59,189
Net income $ 39,304 $ 29,244 $ 135,063 $ 100,535
Earnings per share:        
Basic income per share $ 0.83 $ 0.63 $ 2.87 $ 2.19
Diluted income per share $ 0.81 $ 0.62 $ 2.80 $ 2.14
Basic weighted average shares outstanding 47,316 46,231 47,083 45,953
Diluted weighted average shares outstanding 48,292 47,175 48,197 47,009