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Income Taxes | 12 Months Ended
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Dec. 31, 2012
Income Taxes [Abstract] |
Income Taxes |
13. | Income Taxes
The income tax provision for the years ended December 31, 2010, 2011 and 2012 is summarized below (in thousands):
|  | 2010 |  |  | 2011 |  |  | 2012 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 70,967 |  |  | $ | 53,344 |  |  | $ | 36,028 |
State |  |  | 14,815 |  |  |  | 12,081 |  |  |  | 8,333 |
Total current |  |  | 85,782 |  |  |  | 65,425 |  |  |  | 44,361 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (71 | ) |  |  | 4,760 |  |  |  | (608 | )
State |  |  | 28 |  |  |  | (707 | ) |  |  | (708 | )
Total deferred |  |  | (43 | ) |  |  | 4,053 |  |  |  | (1,316 | )
Total provision for income taxes |  | $ | 85,739 |  |  | $ | 69,478 |  |  | $ | 43,045 |
The tax effects of the principal temporary differences that give rise to the Company’s deferred tax assets are as follows as of December 31, 2011 and 2012 (in thousands):
|  | 2011 |  |  | 2012 |
Tuition receivable |  | $ | 4,629 |  |  | $ | 4,215 |
Employee-related liabilities |  |  | 420 |  |  |  | 280 |
Other facility-related costs |  |  | 111 |  |  |  | 826 |
Current net deferred tax asset |  |  | 5,160 |  |  |  | 5,321 |
Property and equipment |  |  | (15,335 | ) |  |  | (15,972 | )
Deferred leasing costs |  |  | 4,130 |  |  |  | 3,475 |
Stock-based compensation |  |  | 13,656 |  |  |  | 13,814 |
Other facility-related costs |  |  | 495 |  |  |  | 1,484 |
Interest rate swap |  |  | 399 |  |  |  | 474 |
Other |  |  | (19 | ) |  |  | 4 |
Long-term net deferred tax asset |  |  | 3,326 |  |  |  | 3,279 |
Net deferred tax asset |  | $ | 8,486 |  |  | $ | 8,600 |
A reconciliation between the Company’s statutory tax rate and the effective tax rate for the years ended December 31, 2010, 2011, and 2012 is as follows:
|  | 2010 |  |  | 2011 |  |  | 2012 |
Statutory federal rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State income taxes, net of federal benefits |  |  | 4.4 |  |  |  | 4.3 |  |  |  | 4.3 |
Non-taxable interest income |  |  | (0.1 | ) |  |  | – |  |  |  | – |
Other |  |  | 0.2 |  |  |  | 0.3 |  |  |  | 0.2 |
Effective tax rate |  |  | 39.5 | % |  |  | 39.6 | % |  |  | 39.5 | %
Cash payments for income taxes were $81.6 million in 2010, $67.0 million in 2011 and $47.4 million in 2012.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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