XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net revenue $ 197,287 $ 275,681
Costs and expenses:    
Technology and academic services 19,039 10,697
Counseling services and support 53,093 50,747
Marketing and communication 35,461 28,527
General and administrative 11,489 7,419
Amortization of intangible assets 1,686  
University related expenses   87,649
Loss on Transaction 4,088 550
Total costs and expenses 124,856 185,589
Operating income 72,431 90,092
Interest income on Secured Note 13,735  
Interest expense (2,586) (346)
Investment interest and other 1,119 981
Income before income taxes 84,699 90,727
Income tax expense 11,456 17,046
Net income $ 73,243 $ 73,681
Earnings per share:    
Basic income per share $ 1.54 $ 1.55
Diluted income per share $ 1.52 $ 1.52
Basic weighted average shares outstanding 47,699 47,432
Diluted weighted average shares outstanding 48,274 48,397
Service [Member]    
Net revenue $ 197,287  
University Related Revenue [Member]    
Net revenue   $ 275,681