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Income Taxes

12 Months Ended

Dec. 31, 2015

Income Taxes [Abstract]

Income Taxes

12.  Income Taxes

The income tax provision for the years ended December 31, 2013, 2014 and 2015 is summarized below (in thousands):

				2013						2014					2015
Current:
Federal				$	26,390					$	25,285				$	25,515
State					4,582						4,490					4,538
Total current					30,972						29,775					30,053
Deferred:
Federal					(18,387	)					141					(3,634	)
State					(1,726	)					344					(311	)
Total deferred					(20,113	)					485					(3,945	)
Total provision for income taxes				$	10,859					$	30,260				$	26,108

The tax effects of the principal temporary differences that give rise to the Company’s deferred tax assets are as follows as of December 31, 2014 and 2015 (in thousands):

				2014						2015
Tuition receivable				$	3,439					$	3,908
Other facility-related costs					2,824						2,538
Employee-related liabilities					(96	)					—
Current net deferred tax asset					6,167						6,446
Stock-based compensation					12,994						16,742
Property and equipment					(11,622	)					(9,417	)
Other facility-related costs					8,903						6,534
Deferred revenue					3,758						4,267
Deferred leasing costs					2,797						2,825
Interest rate swap					(56	)					—
Other					(533	)					(948	)
Long-term net deferred tax asset					16,241						20,003
Net deferred tax asset				$	22,408					$	26,449

As of December 31, 2014 and 2015, the Company’s liabilities for unrecognized tax benefits are included in income taxes payable in the Consolidated Balance Sheets. Interest and penalties, including those related to uncertain tax positions, are included in the provision for income taxes in the Consolidated Statements of Income. The Company recognized $0.1 million of benefits in 2014 and $0.1 million of expense in 2015, related to interest and penalties. The total amount of interest and penalties included in the Consolidated Balance Sheets was $0.3 million and $0.2 million as of December 31, 2014 and 2015, respectively.

The following table summarizes changes in unrecognized tax benefits, excluding interest and penalties, for the respective periods (in thousands):

		Year Ended December 31,
		2014				2015
Beginning unrecognized tax benefits		$	1,745			$	2,936
Additions based on tax positions taken in the current year			2,085				—
Reductions for tax positions taken in prior years			(565	)			(2,431	)
Settlements with taxing authorities			(329	)			—
Ending unrecognized tax benefits		$	2,936			$	505

It is reasonably possible that approximately $0.3 million of unrecognized tax benefits will be reduced in the next twelve months due to expiration of the applicable statutes of limitations. The Company does not anticipate significant changes to other unrecognized tax benefits.

As of December 31, 2015, $0.5 million of the Company’s total unrecognized tax benefits would favorably affect the Company’s effective tax rate if recognized. If amounts accrued are less than amounts ultimately assessed by taxing authorities, the Company would record additional income tax expense.

A reconciliation between the Company’s statutory tax rate and the effective tax rate for the years ended December 31, 2013, 2014, and 2015 is as follows:

				2013					2014					2015
Statutory federal rate				35.0	%				35.0	%				35.0	%
State income taxes, net of federal benefits				4.6					4.2					4.2
Other				0.2					0.3					0.3
Effective tax rate				39.8	%				39.5	%				39.5	%

Cash payments for income taxes were $26.5 million, $30.8 million, and $28.5 million in 2013, 2014, and 2015, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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