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Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Significant Accounting Policies [Abstract]  
Schedule of cash, cash equivalents, and restricted cash

The following table illustrates the reconciliation of cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows as of June 30, 2017 and 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

For the six months ended

 

 

June 30,

 

 

2017

 

2018

Cash and cash equivalents

 

$

147,867

 

$

171,600

Restricted cash included in other current assets

 

 

15

 

 

 —

Restricted cash included in other long-term assets

 

 

500

 

 

500

Total cash, cash equivalents, and restricted cash shown in the statement of cash flows

 

$

148,382

 

$

172,100

 

Schedule of tuition receivable and allowance for doubtful accounts

 

 

 

 

 

 

 

 

 

    

December 31, 2017

    

June 30, 2018

 

Tuition receivable

 

$

35,809

 

$

40,643

 

Allowance for doubtful accounts

 

 

(12,687)

 

 

(15,048)

 

Tuition receivable, net

 

$

23,122

 

$

25,595

 

 

Schedule of allowance for doubtful accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

For the three months ended

    

For the six months ended

    

 

 

June 30,

 

June 30,

 

 

 

2017

 

2018

 

2017

 

2018

 

Allowance for doubtful accounts, beginning of period

 

$

10,820

 

$

13,775

 

$

10,201

 

$

12,687

 

Additions charged to expense

 

 

5,090

 

 

6,596

 

 

9,472

 

 

12,987

 

Write-offs, net of recoveries

 

 

(4,150)

 

 

(5,323)

 

 

(7,913)

 

 

(10,626)

 

   Allowance for doubtful accounts, end of period

 

$

11,760

 

$

15,048

 

$

11,760

 

$

15,048

 

 

Schedule of reconciliation of shares used to calculate basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

    

For the three months ended

    

For the six months ended

    

 

 

June 30,

 

June 30,

 

 

 

2017

    

2018

    

2017

    

2018

    

Weighted average shares outstanding used to compute basic earnings per share

 

10,680

 

10,879

 

10,655

 

10,812

 

Incremental shares issuable upon the assumed exercise of stock options

 

41

 

51

 

38

 

48

 

Unvested restricted stock and restricted stock units

 

469

 

450

 

462

 

486

 

    Shares used to compute diluted earnings per share

 

11,190

 

11,380

 

11,155

 

11,346