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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 50,558 $ 64,107
Marketable securities available for sale, at fair value   12,386
Tuition receivable, net of allowances for doubtful accounts of $7,935 and $6,982 at December 31, 2010 and June 30, 2011, respectively 22,349 22,011
Other current assets 10,884 10,231
Total current assets 83,791 108,735
Property and equipment, net 120,774 116,063
Deferred income taxes 8,679 8,374
Restricted cash 500 500
Other assets 3,610 1,506
Total assets 217,354 235,178
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 31,983 31,280
Accrued expenses 3,632 10,512
Income taxes payable 5,619 934
Unearned tuition 8,026 3,523
Other current liabilities 281 281
Current portion of term loan 15,000  
Total current liabilities 64,541 46,530
Revolving credit facility 15,000  
Term loan, less current portion 85,000  
Other long-term liabilities 14,446 12,644
Total liabilities 178,987 59,174
Commitments and contingencies    
Stockholders' equity:    
Common stock, par value $0.01; 20,000,000 shares authorized; 13,316,822 and 12,008,763 shares issued and outstanding at December 31, 2010 and June 30, 2011, respectively 120 133
Additional paid-in capital 2,438 1,206
Retained earnings 36,454 174,625
Accumulated other comprehensive income (645) 40
Total stockholders' equity 38,367 176,004
Total liabilities and stockholders' equity $ 217,354 $ 235,178