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Term Loan and Revolving Credit Facility (Details Textual)
1 Months Ended 3 Months Ended 6 Months Ended
Nov. 09, 2012
USD ($)
Nov. 30, 2012
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Term Loan and Revolving Credit Facility (Textual)            
Maturity date   Dec. 31, 2016        
Debt     $ 115,625,000   $ 115,625,000  
Term loan facility, quarterly amortization payments, during 2013 $ 781,250          
Term loan facility, quarterly amortization payments, during 2014 781,250          
Term loan facility, quarterly amortization payments, during 2015 1,562,500          
Term loan facility, quarterly amortization payments, during 2016 $ 1,562,500          
Quarterly payment percentage of aggregate original principal amount of term loan facility in year one and two 0.625%          
Quarterly payment percentage of aggregate original principal amount of term loan facility in year three and four 1.25%          
Cash interest paid     $ 1,100,000 $ 1,100,000 $ 2,200,000 $ 2,200,000
Covenant terms required by credit facility        
  • a leverage ratio of not greater than 2 to 1. Leverage ratio is defined as the ratio of total debt to trailing four-quarter EBITDA (earnings before interest, taxes, depreciation, amortization and non-cash charges such as stock-based compensation).

  • a coverage ratio of not less than 1.75 to 1. Coverage ratio is defined as the ratio of trailing four-quarter EBITDA and rent expense to trailing four-quarter interest and rent expense.

  • a Department of Education Financial Responsibility Composite Score of not less than 1.5.

 
Maximum total leverage ratio     2   2  
Minimum coverage ratio     1.75   1.75  
Minimum department of education financial composite score     1.5   1.5  
Minimum [Member]            
Term Loan and Revolving Credit Facility (Textual)            
Revolving credit facility, value $ 100,000,000          
Margin rate for interest if using base rate 2.00%          
Unused commitment fee 0.30%          
Maximum [Member]            
Term Loan and Revolving Credit Facility (Textual)            
Margin rate for interest if using base rate 2.50%          
Unused commitment fee 0.40%          
Revolving Credit Facility [Member]            
Term Loan and Revolving Credit Facility (Textual)            
Revolving credit facility, value $ 100,000,000          
Revolving credit facility, outstanding 0          
Revolving Credit Facility [Member] | Base Rate [Member]            
Term Loan and Revolving Credit Facility (Textual)            
Debt instrument description of variable rate basis         Base rate  
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]            
Term Loan and Revolving Credit Facility (Textual)            
Debt instrument description of variable rate basis         LIBOR  
Revolving Credit Facility [Member] | Minimum [Member] | Base Rate [Member]            
Term Loan and Revolving Credit Facility (Textual)            
Margin rate for interest if using base rate         2.00%  
Revolving Credit Facility [Member] | Maximum [Member] | Base Rate [Member]            
Term Loan and Revolving Credit Facility (Textual)            
Margin rate for interest if using base rate         2.50%  
Term Loan Facility [Member]            
Term Loan and Revolving Credit Facility (Textual)            
Revolving credit facility, value $ 125,000,000          
Term Loan Facility [Member] | Interest Rate Swap [Member]            
Term Loan and Revolving Credit Facility (Textual)            
Interest rate swap, fixed rate minimum         2.85%  
Interest rate swap, fixed rate maximum         3.35%  
Term Loan Facility [Member] | Minimum [Member]            
Term Loan and Revolving Credit Facility (Textual)            
Unused commitment fee         0.30%  
Term Loan Facility [Member] | Maximum [Member]            
Term Loan and Revolving Credit Facility (Textual)            
Unused commitment fee         0.40%