XML 82 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2013
Income Taxes [Abstract] |
Income Taxes | 14. Income Taxes The income tax provision for the years ended December 31, 2011, 2012 and 2013 is summarized below (in thousands):
|  | 2011 |  |  | 2012 |  |  | 2013 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 53,344 |  |  | $ | 36,028 |  |  | $ | 26,390 |
State |  |  | 12,081 |  |  |  | 8,333 |  |  |  | 4,582 |
Total current |  |  | 65,425 |  |  |  | 44,361 |  |  |  | 30,972 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 4,760 |  |  |  | (608 | ) |  |  | (18,387 | )
State |  |  | (707 | ) |  |  | (708 | ) |  |  | (1,726 | )
Total deferred |  |  | 4,053 |  |  |  | (1,316 | ) |  |  | (20,113 | )
Total provision for income taxes |  | $ | 69,478 |  |  | $ | 43,045 |  |  | $ | 10,859 |
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, 2012 and 2013 (in thousands):
|  | 2012 |  |  | 2013 |
Tuition receivable |  | $ | 4,215 |  |  | $ | 4,021 |
Employee-related liabilities |  |  | 280 |  |  |  | 144 |
Other facility-related costs |  |  | 826 |  |  |  | 3,684 |
Current net deferred tax asset |  |  | 5,321 |  |  |  | 7,849 |
Property and equipment |  |  | (15,972 | ) |  |  | (13,091 | )
Deferred leasing costs |  |  | 3,475 |  |  |  | 3,082 |
Stock-based compensation |  |  | 13,814 |  |  |  | 13,871 |
Other facility-related costs |  |  | 1,484 |  |  |  | 13,696 |
Interest rate swap |  |  | 474 |  |  |  | (18 | )
Other |  |  | 4 |  |  |  | (411 | )
Long-term net deferred tax asset |  |  | 3,279 |  |  |  | 17,129 |
Net deferred tax asset |  | $ | 8,600 |  |  | $ | 24,978 |
The Company had $0.2 million of unrecognized tax benefits at December 31, 2013, all of which resulted from tax positions taken during the year ended December 31, 2013. A liability for uncertain tax positions of $2.2 million as of December 31, 2013, also for tax positions taken during the year ended December 31, 2013, is included in income taxes payable in the Consolidated Balance Sheets. A reconciliation between the Company’s statutory tax rate and the effective tax rate for the years ended December 31, 2011, 2012, and 2013 is as follows:
|  | 2011 |  | 2012 |  | 2013
Statutory federal rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State income taxes, net of federal benefits |  |  | 4.3 |  |  |  | 4.3 |  |  |  | 4.6 |
Other |  |  | 0.3 |  |  |  | 0.2 |  |  |  | 0.2 |
Effective tax rate |  |  | 39.6 | % |  |  | 39.5 | % |  |  | 39.8 | %
Cash payments for income taxes were $67.0 million in 2011, $47.4 million in 2012 and $26.5 million in 2013.

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 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=26873400&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 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: 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 6: 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
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration