XML 25 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Statements of Income [Abstract]      
Revenues $ 634,185 $ 454,851 $ 441,088
Costs and expenses:      
Instruction and educational support 340,076 249,939 242,099
Marketing 136,979 82,540 79,025
Admissions advisory 31,466 19,004 17,832
General and administration 57,056 46,792 47,873
Amortization of intangible assets 25,694    
Merger costs 45,745 11,879  
Fair value adjustments and impairment of intangible assets 19,909 (7,512) (3,213)
Total costs and expenses 656,925 402,642 383,616
Income (loss) from operations (22,740) 52,209 57,472
Other (expense) income 3,601 437 (180)
Income (loss) before income taxes (19,139) 52,646 57,292
Provision (benefit) for income taxes (3,468) 32,034 22,490
Net income (loss) $ (15,671) $ 20,612 $ 34,802
Earnings (loss) per share:      
Basic $ (1.03) $ 1.93 $ 3.28
Diluted $ (1.03) $ 1.84 $ 3.21
Weighted average shares outstanding:      
Basic 15,190 10,678 10,610
Diluted 15,190 11,199 10,845
Cash dividend declared per share (in dollars per share) $ 1.50 $ 1.00