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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents, unrestricted $ 318,943 $ 112,884
Restricted cash 12,564 97,878
Short-term investments 31,592 63,876
Total cash and cash equivalents and short-term investments 363,099 274,638
Student receivables, net of allowance for doubtful accounts of $21,197 and $27,900 as of December 31, 2013 and 2012, respectively 34,650 54,194
Receivables, other, net 27,440 2,084
Prepaid expenses 20,750 38,225
Inventories 6,741 8,361
Deferred income tax assets, net 3,606 7,088
Other current assets 3,468 4,393
Assets of discontinued operations 263 154,578
Total current assets 460,017 543,561
NON-CURRENT ASSETS:    
Property and equipment, net 182,396 247,788
Goodwill 87,356 87,356
Intangible assets, net 40,117 56,006
Student receivables, net of allowance for doubtful accounts of $6,890 and $11,965 as of December 31, 2013 and 2012, respectively 5,208 6,823
Deferred income tax assets, net 10,644 47,349
Other assets, net 18,107 30,276
Assets of discontinued operations 1,200 103,544
TOTAL ASSETS 805,045 1,122,703
CURRENT LIABILITIES:    
Short-term borrowings   80,000
Accounts payable 24,651 32,070
Accrued expenses:    
Payroll and related benefits 34,172 38,772
Advertising and production costs 17,599 20,963
Income taxes 14,994  
Other 43,275 34,999
Deferred tuition revenue 61,131 69,675
Liabilities of discontinued operations 11,610 76,236
Total current liabilities 207,432 352,715
NON-CURRENT LIABILITIES:    
Deferred rent obligations 83,843 93,611
Other liabilities 30,804 28,648
Liabilities of discontinued operations 27,582 35,939
Total non-current liabilities 142,229 158,198
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; 81,889,907 and 81,616,987 shares issued, 67,170,522 and 67,069,734 shares outstanding as of December 31, 2013 and 2012, respectively 819 816
Additional paid-in capital 600,904 596,826
Accumulated other comprehensive loss (503) (4,785)
Retained earnings 68,658 232,921
Cost of 14,719,385 and 14,547,253 shares in treasury as of December 31, 2013 and 2012, respectively (214,494) (213,988)
Total stockholders' equity 455,384 611,790
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 805,045 $ 1,122,703