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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents, unrestricted $ 24,198 $ 18,110
Restricted cash 789 789
Restricted short-term investments 4,570 5,070
Short-term investments 158,038 156,178
Total cash and cash equivalents, restricted cash and short-term investments 187,595 180,147
Student receivables, net of allowance for doubtful accounts of $19,986 and $20,533 as of March 31, 2018 and December 31, 2017, respectively 23,915 18,875
Receivables, other, net 1,335 1,163
Prepaid expenses 10,182 7,722
Inventories 1,013 1,112
Other current assets 833 1,319
Assets of discontinued operations 513 382
Total current assets 225,386 210,720
NON-CURRENT ASSETS:    
Property and equipment, net of accumulated depreciation of $213,056 and $213,825 as of March 31, 2018 and December 31, 2017, respectively 32,027 33,230
Goodwill 87,356 87,356
Intangible assets, net of amortization of $1,400 and $1,400 as of March 31, 2018 and December 31, 2017, respectively 7,900 7,900
Student receivables, net of allowance for doubtful accounts of $2,565 and $2,001 as of March 31, 2018 and December 31, 2017, respectively 2,784 2,548
Deferred income tax assets, net 94,380 98,084
Other assets 5,918 5,673
Assets of discontinued operations 1,585 1,585
TOTAL ASSETS [1] 457,336 447,096
CURRENT LIABILITIES:    
Accounts payable 11,694 8,515
Accrued expenses:    
Payroll and related benefits 20,345 32,910
Advertising and marketing costs 13,069 9,245
Income taxes 1,730 2,185
Other 32,671 31,233
Deferred revenue 30,278 22,897
Liabilities of discontinued operations 4,301 5,701
Total current liabilities 114,088 112,686
NON-CURRENT LIABILITIES:    
Deferred rent obligations 14,522 15,277
Other liabilities 15,755 22,143
Liabilities of discontinued operations   785
Total non-current liabilities 30,277 38,205
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; 84,987,946 and 84,279,533 shares issued, 69,611,001 and 69,117,803 shares outstanding as of March 31, 2018 and December 31, 2017, respectively 850 843
Additional paid-in capital 623,378 621,008
Accumulated other comprehensive loss (296) (164)
Accumulated deficit (90,625) (108,127)
Treasury stock, at cost; 15,376,945 and 15,161,730 shares as of March 31, 2018 and December 31, 2017, respectively (220,336) (217,355)
Total stockholders' equity 312,971 296,205
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 457,336 $ 447,096
[1] Total assets do not include intercompany receivable or payable activity between schools and corporate and investments in subsidiaries.