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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Significant Accounting Policies [Abstract]

Schedule of operating expenses, reported and reclassified on consolidated statements of income

	December 31, 2010
	As Reported		As Reclassified
Instruction and educational support	$	205,212	$	269,557
Marketing(1)		114,164		70,270
Admissions advisory		–		25,277
General and administration		101,585		55,857
	$	420,961	$	420,961

(1)

This line item was labeled Marketing and admissions expense on an “as reported” basis in 2010. Marketing and admissions expenses related to student support services were reclassified to Instruction and educational support expense, those related to admissions to Admissions advisory expense, and those related to corporate overhead were reclassified to General and administration expense in 2010.

Schedule of reconciliation of shares used to calculate basic and diluted earnings per share

	2010		2011		2012
Weighted average shares outstanding used to compute basic earnings per share		13,426		11,906		11,390
Incremental shares issuable upon the assumed exercise of stock options		36		8		–
Unvested restricted stock		73		29		50
Shares used to compute diluted earnings per share		13,535		11,943		11,440

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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