XML 19 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 23,084 $ 26,982
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of gain on sale of assets (211) (210)
Amortization of deferred rent (919) (417)
Amortization of deferred financing costs 197 1,163
Depreciation and amortization 13,276 13,711
Deferred income taxes (5,543) (3,358)
Stock-based compensation 7,330 7,576
Changes in assets and liabilities:    
Tuition receivable, net 425 (435)
Other current assets (3,895) 1,402
Other assets (2,264) 2
Accounts payable and accrued expenses 2,825 1,023
Income taxes payable and income taxes receivable (4,854) 205
Deferred revenue 5,940 8,126
Other long-term liabilities (5,284) (1,299)
Net cash provided by operating activities 30,107 54,471
Cash flows from investing activities:    
Purchases of property and equipment (7,501) (9,587)
Cash used in acquisition, net of cash acquired (7,635)  
Net cash used in investing activities (15,136) (9,587)
Cash flows from financing activities:    
Payments on term loan   (118,750)
Payments of contingent consideration (1,358) (650)
Payment of deferred financing costs   (850)
Net cash used in financing activities (1,358) (120,250)
Net increase in cash and cash equivalents 13,613 (75,366)
Cash and cash equivalents - beginning of year 106,889 162,283
Cash and cash equivalents - end of year 120,502 86,917
Non-cash transactions:    
Purchases of property and equipment included in accounts payable 112 $ 633
Contingent consideration recorded in connection with an acquisition $ 8,000