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Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Summarizes the Unaudited Quarterly Results of Operations |
|  | 2018
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Service revenue |  | $ | — |  | $ | — |  | $ | 155,454 |  | $ | 177,548
University related revenue |  |  | 275,681 |  |  | 236,818 |  |  | — |  |  | —
Net revenue |  |  | 275,681 |  |  | 236,818 |  |  | 155,454 |  |  | 177,548
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |
Technology and academic services |  |  | 10,697 |  |  | 10,678 |  |  | 11,101 |  |  | 11,098
Counseling services and support |  |  | 50,747 |  |  | 50,838 |  |  | 51,116 |  |  | 51,989
Marketing and communication |  |  | 28,527 |  |  | 30,095 |  |  | 31,546 |  |  | 27,252
General and administrative |  |  | 7,419 |  |  | 5,762 |  |  | 10,092 |  |  | 6,695
University related expenses |  |  | 87,649 |  |  | 79,517 |  |  | 6,569 |  |  | (405)
Loss on transaction |  |  | 550 |  |  | 1,440 |  |  | 15,610 |  |  | 770
Total costs and expenses |  |  | 185,589 |  |  | 178,330 |  |  | 126,034 |  |  | 97,399
Operating income |  |  | 90,092 |  |  | 58,488 |  |  | 29,420 |  |  | 80,149
Interest income on Secured Note |  |  | — |  |  | — |  |  | 13,248 |  |  | 13,699
Interest expense |  |  | (346) |  |  | (57) |  |  | (558) |  |  | (575)
Investment interest and other |  |  | 981 |  |  | 1,567 |  |  | 371 |  |  | 521
Income before income taxes |  |  | 90,727 |  |  | 59,998 |  |  | 42,481 |  |  | 93,794
Income tax expense |  |  | 17,046 |  |  | 13,960 |  |  | 8,720 |  |  | 18,263
Net income |  | $ | 73,681 |  | $ | 46,038 |  | $ | 33,761 |  | $ | 75,531
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic income per share(1) |  | $ | 1.55 |  | $ | 0.97 |  | $ | 0.71 |  | $ | 1.58
Diluted income per share(1) |  | $ | 1.52 |  | $ | 0.95 |  | $ | 0.70 |  | $ | 1.56
Basic weighted average shares outstanding |  |  | 47,432 |  |  | 47,604 |  |  | 47,682 |  |  | 47,708
Diluted weighted average shares outstanding |  |  | 48,397 |  |  | 48,411 |  |  | 48,422 |  |  | 48,422
| (1) |  | The sum of quarterly income per share may not equal annual income per share due to rounding.
|  | 2017
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Service revenue |  | $ | — |  | $ | — |  | $ | — |  | $ | —
University related revenue |  |  | 248,206 |  |  | 218,301 |  |  | 236,209 |  |  | 271,418
Net revenue |  |  | 248,206 |  |  | 218,301 |  |  | 236,209 |  |  | 271,418
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |
Technology and academic services |  |  | 10,381 |  |  | 10,220 |  |  | 10,494 |  |  | 10,739
Counseling services and support |  |  | 46,312 |  |  | 45,970 |  |  | 46,100 |  |  | 50,213
Marketing and communication |  |  | 27,309 |  |  | 27,426 |  |  | 28,130 |  |  | 26,227
General and administrative |  |  | 7,033 |  |  | 5,806 |  |  | 8,343 |  |  | 5,975
University related expenses |  |  | 80,543 |  |  | 73,791 |  |  | 83,450 |  |  | 86,356
Loss on Transaction |  |  | — |  |  | — |  |  | — |  |  | 562
Total costs and expenses |  |  | 171,578 |  |  | 163,213 |  |  | 176,517 |  |  | 180,072
Operating income |  |  | 76,628 |  |  | 55,088 |  |  | 59,692 |  |  | 91,346
Interest expense |  |  | (580) |  |  | (495) |  |  | (567) |  |  | (527)
Investment interest and other |  |  | 2 |  |  | 739 |  |  | 1,445 |  |  | 757
Income before income taxes |  |  | 76,050 |  |  | 55,332 |  |  | 60,570 |  |  | 91,576
Income tax expense |  |  | 20,138 |  |  | 15,485 |  |  | 21,266 |  |  | 23,320
Net income |  | $ | 55,912 |  | $ | 39,847 |  | $ | 39,304 |  | $ | 68,256
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic income per share(1) |  | $ | 1.20 |  | $ | 0.85 |  | $ | 0.83 |  | $ | 1.44
Diluted income per share(1) |  | $ | 1.16 |  | $ | 0.83 |  | $ | 0.81 |  | $ | 1.41
Basic weighted average shares outstanding |  |  | 46,748 |  |  | 47,151 |  |  | 47,316 |  |  | 47,342
Diluted weighted average shares outstanding |  |  | 48,070 |  |  | 48,192 |  |  | 48,292 |  |  | 48,382
| (1) |  | The sum of quarterly income per share may not equal annual income per share due to rounding.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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