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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 26,982 $ 33,413
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of gain on sale of assets (210) (210)
Amortization of deferred rent (417) (754)
Amortization of deferred financing costs 1,163 585
Depreciation and amortization 13,711 15,782
Deferred income taxes (3,358) (514)
Stock-based compensation 7,576 7,058
Changes in assets and liabilities:    
Tuition receivable, net (435) 1,813
Other current assets 1,402 (739)
Other assets 2 147
Accounts payable and accrued expenses 1,023 10,215
Income taxes payable and income taxes receivable 205 (27)
Deferred revenue 8,126 8,108
Other long-term liabilities (1,949) (12,764)
Net cash provided by operating activities 53,821 62,113
Cash flows from investing activities:    
Purchases of property and equipment (9,587) (4,058)
Net cash used in investing activities (9,587) (4,058)
Cash flows from financing activities:    
Payments on term loan (118,750) $ (2,344)
Payment of deferred financing costs (850)
Net cash used in financing activities (119,600) $ (2,344)
Net increase (decrease) in cash and cash equivalents (75,366) 55,711
Cash and cash equivalents - beginning of period 162,283 94,760
Cash and cash equivalents - end of period 86,917 150,471
Non-cash transactions:    
Purchases of property and equipment included in accounts payable $ 633 $ 583