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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 153,474 $ 45,976
Restricted cash and cash equivalents 94,534 84,931
Investments 89,271 62,596
Accounts receivable, net 10,908 9,538
Income taxes receivable 2,086 4,686
Other current assets 24,589 22,341
Total current assets 374,862 230,068
Property and equipment, net 922,284 855,528
Prepaid royalties 2,763 3,059
Goodwill 2,941 2,941
Other assets 723 897
Total assets 1,303,573 1,092,493
Current liabilities    
Accounts payable 29,139 24,824
Accrued compensation and benefits 23,173 19,697
Accrued liabilities 20,757 21,283
Income taxes payable 16,182 2,734
Student deposits 95,298 85,881
Deferred revenue 46,895 40,739
Current portion of notes payable 6,691 31,636
Total current liabilities 238,135 226,794
Other noncurrent liabilities 1,200 1,689
Deferred income taxes, non-current 18,362 23,708
Notes payable, less current portion 59,925 66,616
Total liabilities 317,622 318,807
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at December 31, 2017 and 2016
Common stock, $0.01 par value, 100,000 shares authorized; 52,277 and 51,509 shares issued and 48,125 and 47,559 shares outstanding at December 31, 2017 and 2016, respectively 523 515
Treasury stock, at cost, 4,152 and 3,950 shares of common stock at December 31, 2017 and 2016, respectively (100,694) (89,394)
Additional paid-in capital 232,670 212,559
Accumulated other comprehensive loss (724) (910)
Retained earnings 854,176 650,916
Total stockholders' equity 985,951 773,686
Total liabilities and stockholders' equity $ 1,303,573 $ 1,092,493