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Stock Options, Restricted Stock and Restricted Stock Units (Tables)

3 Months Ended

Mar. 31, 2015

Stock Options, Restricted Stock and Restricted Stock Units [Abstract]

Schedule of restricted stock and restricted stock units activity

		Number of shares or units				Weighted- average grant price
Balance, December 31, 2014			524,216			$	115.67
Grants			71,991			$	70.15
Vested shares			—			$	—
Forfeitures			(1,298	)		$	115.55
Balance, March 31, 2015			594,909			$	109.71

Schedule of stock option activity and other stock option information

		Number of shares				Weighted-average exercise price				Weighted-average remaining contractual life (years)				Aggregate intrinsic value(1) (in thousands)
Balance, December 31, 2014			100,000			$	51.95				6.0			$	2,233
Grants			—				—
Exercises			—				—
Forfeitures/Expirations			—				—
Balance, March 31, 2015			100,000			$	51.95				5.8			$	146
Exercisable, March 31, 2015			100,000			$	51.95				5.8			$	146

(1) The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the respective trading day and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holder had all options been exercised on the respective trading day. The amount of intrinsic value will change based on the fair market value of the Company’s common stock.

Schedule of stock-based compensation expense

		For the three months ended March 31,
		2014				2015
Instruction and educational support		$	434			$	367
Marketing			—				—
Admissions advisory			—				—
General and administration			1,527				2,084
Stock-based compensation expense included in operating expense			1,961				2,451
Tax benefit			781				956
Stock-based compensation expense, net of income tax		$	1,180			$	1,495

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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

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