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Condensed Consolidated Statements of Income/Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUE:        
Total revenue $ 176,035 $ 156,441 $ 347,029 $ 314,294
OPERATING EXPENSES:        
Educational services and facilities 28,676 25,350 55,587 51,677
General and administrative 105,840 128,672 209,369 227,994
Depreciation and amortization 4,151 2,235 6,790 4,468
Asset impairment     612  
Total operating expenses 138,667 156,257 272,358 284,139
Operating income 37,368 184 74,671 30,155
OTHER INCOME:        
Interest income 1,011 1,592 2,498 3,032
Interest expense (43) (40) (84) (82)
Miscellaneous income 125 45 112 271
Total other income 1,093 1,597 2,526 3,221
PRETAX INCOME 38,461 1,781 77,197 33,376
Provision for income taxes 10,272 2,302 19,876 8,709
INCOME (LOSS) FROM CONTINUING OPERATIONS 28,189 (521) 57,321 24,667
LOSS FROM DISCONTINUED OPERATIONS, net of tax (22) (38) (48) (435)
NET INCOME (LOSS) $ 28,167 $ (559) $ 57,273 $ 24,232
NET INCOME (LOSS) PER SHARE - BASIC:        
Income (loss) from continuing operations $ 0.41 $ (0.01) $ 0.82 $ 0.35
Net income (loss) per share 0.41 (0.01) 0.82 0.35
NET INCOME (LOSS) PER SHARE - DILUTED:        
Income (loss) from continuing operations 0.40 (0.01) 0.80 0.34
Net income (loss) per share $ 0.40 $ (0.01) $ 0.80 $ 0.34
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 69,094 70,105 [1] 69,467 69,972
Diluted 70,900 70,105 [1] 71,350 71,782
Tuition and Fees [Member]        
REVENUE:        
Total revenue $ 175,499 $ 155,779 $ 345,893 $ 313,007
Other [Member]        
REVENUE:        
Total revenue [2] $ 536 $ 662 $ 1,136 $ 1,287
[1]

Due to the fact that we reported a loss from continuing operations for the quarter ended June 30, 2019, potential common stock equivalents are excluded from diluted common shares outstanding. Per FASB ASC Topic 260 – Earnings Per Share, an entity that reports discontinued operations shall use income or loss from continuing operations as the benchmark for calculating diluted common shares outstanding, and as such, we have zero common stock equivalents since these shares would have an anti-dilutive effect on our net loss per share for the quarter ended June 30, 2019.
[2] Other revenue primarily includes contract training revenue and bookstore sales.