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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2011
Stockholders' Equity  
Schedule Of Restricted Stock Activity
     Number
of shares
    Weighted-
average grant
price
 

Balance, December 31, 2010

     341,440      $ 204.89   

Grants

     74,868      $ 130.96   

Vested shares

     (17,574   $ 131.31   

Forfeitures

     (12,806   $ 150.62   
                

Balance, June 30, 2011

     385,928      $ 193.90   
                
Schedule Of Stock Option Activity
   Number of
shares
     Weighted-
average
exercise price
     Weighted-
average
remaining
contractual
life (yrs.)
     Aggregate
intrinsic  value(1)
(in thousands)
 

Balance, December 31, 2010

     100,000       $ 107.28         2.1       $ 4,494   

Grants

     —           —           

Exercises

     —           —           

Forfeitures

     —           —           
  

 

 

          

 

 

 

Balance, June 30, 2011

     100,000       $ 107.28         1.6       $ 1,911   
  

 

 

          

 

 

 

Vested, June 30, 2011

     100,000            1.6       $ 1,911   

Exercisable, June 30, 2011

     100,000            1.6       $ 1,911   

(1) The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company's closing stock price on the respective trading day and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on the respective trading day. The amount of aggregate intrinsic value will change based on the fair market value of the Company's common stock.
Schedule Of Information Regarding Share-Based Payment Arrangements
   For the six months  ended
June 30,
 
     2010      2011  

Proceeds from stock options exercised

   $ 452       $ —     

Excess tax benefits (shortfall) related to share-based payment arrangements

   $ 1,676       $ (872

Intrinsic value of stock options exercised (1)

   $ 1,184       $ —     

(1) Intrinsic value of stock options exercised is calculated by taking the difference between the Company's closing stock price on the date of exercise and the exercise price, multiplied by the number of options exercised for each option holder and then aggregated.

 

Schedule Of Stock-Based Compensation Expense
     For the three months
ended June 30,
     For the six months
ended June 30,
 
     2010      2011      2010      2011  

Instruction and educational support

   $ 577       $ 972       $ 1,178       $ 1,823   

Marketing

     40         16         110         35   

Admissions advisory

     —           —           —           —     

General and administration

     2,421         2,447         4,809         4,470   
                                   

Stock-based compensation expense included in operating expense

     3,038         3,435         6,097         6,328   

Tax benefit

     1,200         1,357         2,408         2,500   
                                   

Stock-based compensation expense, net of tax

   $ 1,838       $ 2,078       $ 3,689       $ 3,828