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UNAUDITED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents, unrestricted $ 264,188 $ 318,761
Restricted cash 12,948 12,564
Short-term investments 38,326 31,592
Total cash and cash equivalents and short-term investments 315,462 362,917
Student receivables, net of allowance for doubtful accounts of $19,752 and $21,070 as of March 31, 2014 and December 31, 2013, respectively 31,582 34,498
Receivables, other, net 18,331 27,437
Prepaid expenses 20,328 20,218
Inventories 6,329 6,723
Deferred income tax assets, net 3,606 3,606
Other current assets 4,492 3,468
Assets of discontinued operations 523 1,150
Total current assets 400,653 460,017
NON-CURRENT ASSETS:    
Property and equipment, net 170,573 182,000
Goodwill 87,356 87,356
Intangible assets, net 39,850 40,117
Student receivables, net of allowance for doubtful accounts of $6,011 and $6,883 as of March 31, 2014 and December 31, 2013, respectively 4,758 5,204
Deferred income tax assets, net 10,644 10,644
Other assets, net 26,258 17,853
Assets of discontinued operations 1,406 1,854
TOTAL ASSETS 741,498 [1] 805,045 [1]
CURRENT LIABILITIES:    
Accounts payable 29,640 24,615
Accrued expenses:    
Payroll and related benefits 31,198 34,172
Advertising and production costs 22,297 17,599
Income taxes 603 14,994
Other 51,039 41,083
Deferred tuition revenue 55,251 60,914
Liabilities of discontinued operations 15,418 14,055
Total current liabilities 205,446 207,432
NON-CURRENT LIABILITIES:    
Deferred rent obligations 78,104 80,496
Other liabilities 27,593 27,619
Liabilities of discontinued operations 32,225 34,114
Total non-current liabilities 137,922 142,229
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; 82,001,778 and 81,889,907 shares issued, 67,196,127 and 67,170,522 shares outstanding as of March 31, 2014 and December 31, 2013, respectively 820 819
Additional paid-in capital 602,440 600,904
Accumulated other comprehensive loss (531) (503)
Retained earnings 10,515 68,658
Cost of 14,805,651 and 14,719,385 shares in treasury as of March 31, 2014 and December 31, 2013, respectively (215,114) (214,494)
Total stockholders' equity 398,130 455,384
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 741,498 $ 805,045
[1] Total assets do not include intercompany receivable or payable activity between schools and corporate and investments in subsidiaries.