XML 44 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Statements of Income [Abstract]        
Revenues $ 100,756 $ 110,031 $ 329,971 $ 379,517
Costs and expenses:        
Instruction and educational support 55,927 63,673 174,839 208,405
Marketing 20,514 23,077 50,188 57,026
Admissions advisory 4,071 5,188 12,623 15,751
General and administration 11,028 11,472 33,198 35,538
Total costs and expenses 91,540 103,410 270,848 316,720
Income from operations 9,216 6,621 59,123 62,797
Investment income 42 1 45 1
Interest expense 1,311 1,391 3,945 4,024
Income before income taxes 7,947 5,231 55,223 58,774
Provision for income taxes 2,994 2,082 21,810 23,392
Net income $ 4,953 $ 3,149 $ 33,413 $ 35,382
Earnings per share:        
Basic $ 0.47 $ 0.30 $ 3.17 $ 3.34
Diluted $ 0.46 $ 0.30 $ 3.15 $ 3.32
Weighted average shares outstanding:        
Basic 10,571 10,510 10,555 10,608
Diluted 10,663 10,552 10,622 10,646