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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents, unrestricted $ 240,560 $ 280,592
Restricted cash 97,878 0
Short-term investments 63,876 160,607
Total cash and cash equivalents and short-term investments 402,314 441,199
Student receivables, net of allowance for doubtful accounts of $35,250 and $42,914 as of December 31, 2012 and 2011, respectively 68,940 59,960
Receivables, other, net 3,845 2,896
Prepaid expenses 44,440 62,176
Inventories 8,575 11,334
Deferred income tax assets, net 7,092 10,837
Other current assets 4,422 17,871
Assets of discontinued operations 3,933 4,205
Total current assets 543,561 610,478
NON-CURRENT ASSETS:    
Property and equipment, net 277,571 349,719
Goodwill 133,025 212,626 [1]
Intangible assets, net 61,681 76,286
Student receivables, net of allowance for doubtful accounts of $11,982 and $21,048 as of December- 31, 2012 and 2011, respectively 6,832 9,311
Deferred income tax assets, net 48,070 2,673
Other assets, net 33,333 30,122
Assets of discontinued operations 18,630 24,905
TOTAL ASSETS 1,122,703 [2] 1,316,120 [2]
CURRENT LIABILITIES:    
Short-term borrowings and current maturities of capital lease obligations 80,211 844
Accounts payable 38,440 48,362
Accrued expenses:    
Payroll and related benefits 46,586 41,853
Advertising and production costs 20,963 17,717
Other 44,651 67,077
Deferred tuition revenue 112,038 144,696
Liabilities of discontinued operations 9,826 8,894
Total current liabilities 352,715 329,443
NON-CURRENT LIABILITIES:    
Capital lease obligations, net of current maturities 0 207
Deferred rent obligations 95,164 102,034
Other liabilities 29,931 40,365
Liabilities of discontinued operations 33,103 37,980
Total non-current liabilities 158,198 180,586
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued or outstanding     
Common stock, $0.01 par value; 300,000,000 shares authorized; 81,616,987 and 81,966,793 shares issued, 67,069,734 and 73,621,548 shares outstanding as of December 31, 2012 and 2011, respectively 816 820
Additional paid-in capital 596,826 590,965
Accumulated other comprehensive loss (4,785) (5,136)
Retained earnings 232,921 375,717
Cost of 14,547,253 and 8,345,245 shares in treasury as of December- 31, 2012 and 2011, respectively (213,988) (156,275)
Total stockholders' equity 611,790 806,091
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,122,703 $ 1,316,120
[1] Goodwill balances were reclassified upon the reorganization of our reporting segments during the fourth quarter of 2012.
[2] Total assets do not include the following intercompany activity: receivable or payable activity between schools and corporate and investments in subsidiaries.