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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2012
Stockholders' Equity [Abstract]  
Schedule Of Restricted Stock Activity
     Number of
shares
    Weighted-
average
grant
price
 

Balance, December 31, 2011

     380,944      $ 194.26   

Grants

     72,013        115.55   

Vested shares

     (15,806     217.77   

Forfeitures

     (529     132.23   
  

 

 

   

 

 

 

Balance, March 31, 2012

     436,622      $ 180.45   
  

 

 

   

 

 

 
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, 2011

     100,000       $ 107.28         1.1         —     

Grants

     —           —           

Exercises

     —           —           

Forfeitures

     —           —           
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance, March 31, 2012

     100,000       $ 107.28         0.9         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Vested, March 31, 2012

     100,000       $ 107.28         0.9         —     

Exercisable, March 31, 2012

     100,000       $ 107.28         0.9         —     

(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 Stock-Based Compensation Expense
     For the three months
ended March 31,
 
     2011      2012  

Instruction and educational support

   $ 852       $ 671   

Marketing

     16         —     

Admissions advisory

     —           —     

General and administration

     2,024         1,719   
  

 

 

    

 

 

 

Stock-based compensation expense included in operating expense

     2,892         2,390   

Tax benefit

     1,142         944   
  

 

 

    

 

 

 

Stock-based compensation expense, net of income tax

   $ 1,750       $ 1,446   
  

 

 

    

 

 

 
Schedule Of Information Regarding Share-Based Payment Arrangements
For the three months ended
March 31,
 
     2011     2012  

Proceeds from stock options exercised

   $ —        $ —     

Excess tax shortfall related to exercise of stock options and vesting of restricted stock

   $ (933   $ (740

Intrinsic value of stock options exercised (1)

   $ —        $ —     

(1) Intrinsic value of stock options exercised is estimated 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.