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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 52,704 $ 57,137
Tuition receivable, net of allowances for doubtful accounts of $7,279 and $8,108 at December 31, 2011 and March 31, 2012, respectively 23,320 25,006
Income taxes receivable   394
Other current assets 13,365 12,131
Total current assets 89,389 94,668
Property and equipment, net 119,542 121,149
Deferred income taxes 3,388 3,326
Goodwill 6,800 6,800
Other assets 5,115 5,190
Total assets 224,234 231,133
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable and accrued expenses 36,517 34,039
Income taxes payable 15,789  
Unearned tuition 1,303 15,364
Other current liabilities 281 281
Current portion of term loan 30,000 27,500
Total current liabilities 83,890 77,184
Revolving credit facility   20,000
Term loan, less current portion 62,500 70,000
Other long-term liabilities 21,818 21,656
Total liabilities 168,208 188,840
Commitments and contingencies      
Stockholders' equity:    
Common stock, par value $0.01; 20,000,000 shares authorized; 11,792,456 and 11,863,940 shares issued and outstanding as of December 31, 2011 and March 31, 2012, respectively 119 118
Additional paid-in capital 1,944 295
Retained earnings 54,615 42,491
Accumulated other comprehensive income (loss) (652) (611)
Total stockholders' equity 56,026 42,293
Total liabilities and stockholders' equity $ 224,234 $ 231,133