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v2.4.0.8

Unaudited Condensed Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013
Statements of Income [Abstract] |  |  |  |
Revenues | $ 112,747 | $ 131,980 | $ 229,215 | $ 269,486
Costs and expenses: |  |  |  |
Instruction and educational support | 59,799 | 71,305 | 118,912 | 144,732
Marketing | 13,360 | 16,228 | 29,674 | 33,949
Admissions advisory | 4,433 | 5,212 | 8,552 | 10,563
General and administration | 11,157 | 12,978 | 22,170 | 24,066
Total costs and expenses | 88,749 | 105,723 | 179,308 | 213,310
Income from operations | 23,998 | 26,257 | 49,907 | 56,176
Investment income | 2 |  | 3 |
Interest expense | 1,281 | 1,337 | 2,634 | 2,633
Income before income taxes | 22,719 | 24,920 | 47,276 | 53,543
Provision for income taxes | 9,042 | 9,918 | 18,816 | 21,310
Net income | $ 13,677 | $ 15,002 | $ 28,460 | $ 32,233
Earnings per share: |  |  |  |
Basic | $ 1.29 | $ 1.43 | $ 2.70 | $ 3.02
Diluted | $ 1.29 | $ 1.42 | $ 2.68 | $ 3.01
Weighted average shares outstanding: |  |  |  |
Basic | 10,565 | 10,502 | 10,547 | 10,658
Diluted | 10,623 | 10,535 | 10,602 | 10,693

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