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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 48,690 $ 57,137
Tuition receivable, net of allowances for doubtful accounts of $7,279 and $7,317 at December 31, 2011 and June 30, 2012, respectively 24,218 25,006
Income taxes receivable 136 394
Other current assets 11,886 12,131
Total current assets 84,930 94,668
Property and equipment, net 118,836 121,149
Deferred income taxes 4,708 3,326
Goodwill 6,800 6,800
Other assets 4,869 5,190
Total assets 220,143 231,133
Current liabilities:    
Accounts payable and accrued expenses 25,757 34,039
Unearned tuition 3,161 15,364
Other current liabilities 281 281
Current portion of term loan 30,000 27,500
Total current liabilities 59,199 77,184
Revolving credit facility 15,000 20,000
Term loan, less current portion 55,000 70,000
Other long-term liabilities 21,697 21,656
Total liabilities 150,896 188,840
Commitments and contingencies      
Stockholders’ equity:    
Common stock, par value $0.01; 20,000,000 shares authorized; 11,792,456 and 11,874,290 shares issued and outstanding at December 31, 2011 and June 30, 2012, respectively 119 118
Additional paid-in capital 5,731 295
Retained earnings 63,955 42,491
Accumulated other comprehensive income (loss) (558) (611)
Total stockholders’ equity 69,247 42,293
Total liabilities and stockholders’ equity $ 220,143 $ 231,133