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v3.10.0.1

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017
Statements of Income [Abstract] |  |  |  |
Revenues | $ 160,945 | $ 108,512 | $ 392,082 | $ 336,144
Costs and expenses: |  |  |  |
Instruction and educational support | 93,290 | 59,755 | 221,756 | 184,821
Marketing | 46,165 | 26,756 | 87,402 | 64,700
Admissions advisory | 9,789 | 4,828 | 19,074 | 14,323
General and administration | 15,811 | 11,053 | 38,092 | 35,877
Amortization of intangible assets | 10,278 |  | 10,278 |
Merger costs | 29,620 | 3,414 | 37,791 | 3,414
Fair value adjustments and impairment of intangible assets | 13,119 | (5,518) | 19,304 | (7,512)
Total costs and expenses | 218,072 | 100,288 | 433,697 | 295,623
Income (loss) from operations | (57,127) | 8,224 | (41,615) | 40,521
Other income | 1,110 | 141 | 1,846 | 256
Income (loss) before income taxes | (56,017) | 8,365 | (39,769) | 40,777
Provision (benefit) for income taxes | (3,236) | 2,138 | (1,643) | 13,670
Net income (loss) | $ (52,781) | $ 6,227 | $ (38,126) | $ 27,107
Earnings (loss) per share: |  |  |  |
Basic | $ (2.97) | $ 0.58 | $ (2.90) | $ 2.54
Diluted | $ (2.97) | $ 0.56 | $ (2.90) | $ 2.43
Weighted average shares outstanding: |  |  |  |
Basic | 17,799 | 10,701 | 13,141 | 10,671
Diluted | 17,799 | 11,210 | 13,141 | 11,174
Cash dividend declared per share (in dollars per share) | $ 0.50 | $ 0.25 | $ 1.00 | $ 0.75

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