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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and cash equivalents$ 57,071$ 64,107
Marketable securities available for sale, at fair value 12,386
Tuition receivable, net of allowances for doubtful accounts of $7,935 and $7,025 at December 31, 2010 and September 30, 2011, respectively21,20022,011
Other current assets12,78510,231
Total current assets91,056108,735
Property and equipment, net121,898116,063
Deferred income taxes7,4128,374
Restricted cash500500
Other assets3,3391,506
Total assets224,205235,178
LIABILITIES & STOCKHOLDERS' EQUITY  
Accounts payable38,01431,280
Accrued expenses4,86210,512
Income taxes payable2,620934
Unearned tuition14,6123,523
Other current liabilities281281
Current portion of term loan22,500 
Total current liabilities82,88946,530
Revolving credit facility5,000 
Term loan, less current portion77,500 
Other long-term liabilities15,06612,644
Total liabilities180,45559,174
Commitments and contingencies  
Stockholders' equity:  
Common stock, par value $0.01; 20,000,000 shares authorized; 13,316,822 and 12,006,075 shares issued and outstanding at December 31, 2010 and September 30, 2011, respectively120133
Additional paid-in capital6,0591,206
Retained earnings38,411174,625
Accumulated other comprehensive income (loss)(840)40
Total stockholders' equity43,750176,004
Total liabilities and stockholders' equity$ 224,205$ 235,178