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UNAUDITED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents, unrestricted $ 138,608 $ 318,471
Restricted cash 11,929 12,564
Short-term investments 124,080 31,592
Total cash and cash equivalents and short-term investments 274,617 362,627
Student receivables, net of allowance for doubtful accounts of $19,304 and $20,790 as of June 30, 2014 and December 31, 2013, respectively 31,283 33,632
Receivables, other, net 9,741 27,351
Prepaid expenses 25,294 19,738
Inventories 6,040 6,641
Deferred income tax assets, net 3,606 3,606
Other current assets 3,884 3,452
Assets of discontinued operations 573 2,970
Total current assets 355,038 460,017
NON-CURRENT ASSETS:    
Property and equipment, net 159,090 180,385
Goodwill 87,356 87,356
Intangible assets, net 32,253 40,117
Student receivables, net of allowance for doubtful accounts of $5,466 and $6,856 as of June 30, 2014 and December 31, 2013, respectively 4,494 5,181
Deferred income tax assets, net 10,644 10,644
Other assets, net 17,426 17,834
Assets of discontinued operations 1,179 3,511
TOTAL ASSETS 667,480 [1] 805,045 [1]
CURRENT LIABILITIES:    
Accounts payable 25,498 24,500
Accrued expenses:    
Payroll and related benefits 32,201 34,160
Advertising and production costs 17,001 17,585
Income taxes 2,221 14,994
Other 28,205 40,747
Deferred tuition revenue 62,219 60,070
Liabilities of discontinued operations 16,995 15,376
Total current liabilities 184,340 207,432
NON-CURRENT LIABILITIES:    
Deferred rent obligations 72,259 77,599
Other liabilities 25,177 27,619
Liabilities of discontinued operations 33,077 37,011
Total non-current liabilities 130,513 142,229
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value; 300,000,000 shares authorized; 82,064,114 and 81,889,907 shares issued, 67,248,793 and 67,170,522 shares outstanding as of June 30, 2014 and December 31, 2013, respectively 821 819
Additional paid-in capital 603,656 600,904
Accumulated other comprehensive loss (638) (503)
Retained (deficit) earnings (36,049) 68,658
Cost of 14,815,321 and 14,719,385 shares in treasury as of June 30, 2014 and December 31, 2013, respectively (215,163) (214,494)
Total stockholders' equity 352,627 455,384
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 667,480 $ 805,045
[1] Total assets do not include intercompany receivable or payable activity between schools and corporate and investments in subsidiaries.