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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Jun. 30, 2018
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net revenue $ 177,548 $ 155,454 $ 236,818 $ 275,681 $ 271,418 $ 236,209 $ 218,301 $ 248,206 $ 512,499 $ 845,501 $ 974,134 $ 873,344
Costs and expenses:                        
Technology and academic services 11,098 11,101 10,678 10,697 10,739 10,494 10,220 10,381   43,574 41,834 39,101
Counseling services and support 51,989 51,116 50,838 50,747 50,213 46,100 45,970 46,312   204,690 188,595 175,045
Marketing and communication 27,252 31,546 30,095 28,527 26,227 28,130 27,426 27,309   117,420 109,092 98,592
General and administrative 6,695 10,092 5,762 7,419 5,975 8,343 5,806 7,033   29,968 27,157 28,079
University related expenses (405) 6,569 79,517 87,649 86,356 83,450 73,791 80,543   173,330 324,140 294,188
Loss on Transaction 770 15,610 1,440 550 562         18,370 562 1,136
Total costs and expenses 97,399 126,034 178,330 185,589 180,072 176,517 163,213 171,578   587,352 691,380 636,141
Operating income 80,149 29,420 58,488 90,092 91,346 59,692 55,088 76,628   258,149 282,754 237,203
Interest income on Secured Note 13,699 13,248               26,947    
Interest expense (575) (558) (57) (346) (527) (567) (495) (580)   (1,536) (2,169) (1,328)
Investment interest and other 521 371 1,567 981 757 1,445 739 2   3,440 2,943 249
Income before income taxes 93,794 42,481 59,998 90,727 91,576 60,570 55,332 76,050   287,000 283,528 236,124
Income tax expense 18,263 8,720 13,960 17,046 23,320 21,266 15,485 20,138   57,989 80,209 87,610
Net income $ 75,531 $ 33,761 $ 46,038 $ 73,681 $ 68,256 $ 39,304 $ 39,847 $ 55,912   $ 229,011 $ 203,319 $ 148,514
Earnings per share:                        
Basic income per share $ 1.58 $ 0.71 $ 0.97 $ 1.55 $ 1.44 $ 0.83 $ 0.85 $ 1.20   $ 4.81 $ 4.31 $ 3.22
Diluted income per share $ 1.56 $ 0.70 $ 0.95 $ 1.52 $ 1.41 $ 0.81 $ 0.83 $ 1.16   $ 4.73 $ 4.22 $ 3.15
Basic weighted average shares outstanding 47,708 47,682 47,604 47,432 47,342 47,316 47,151 46,748   47,608 47,140 46,083
Diluted weighted average shares outstanding 48,422 48,422 48,411 48,397 48,382 48,292 48,192 48,070   48,414 48,235 47,121
Service [Member]                        
Net revenue $ 177,548 $ 155,454               $ 333,002    
University Related Revenue [Member]                        
Net revenue     $ 236,818 $ 275,681 $ 271,418 $ 236,209 $ 218,301 $ 248,206   $ 512,499 $ 974,134 $ 873,344