XML 28 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income (loss) $ (15,671) $ 20,612 $ 34,802
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Amortization of gain on sale of assets   (133) (281)
Amortization of deferred rent (1,716) (1,780) (1,441)
Amortization of deferred financing costs 292 262 262
Amortization of investment discount/premium 298    
Depreciation and amortization 54,543 18,733 17,817
Deferred income taxes (16,322) 6,429 (8,697)
Stock-based compensation 15,532 11,627 10,767
Fair value adjustments and impairment of intangible assets 19,909 (7,512) (3,213)
Changes in assets and liabilities:      
Tuition receivable, net 7,880 (3,250) (1,453)
Other current assets 3,768 (526) (3,936)
Other assets (135) 1,582 (1,865)
Accounts payable and accrued expenses 1,140 4,468 (262)
Income taxes payable and income taxes receivable (516) (629) (408)
Contract liabilities (19,329) 8,212 7,018
Other long-term liabilities (2,806) (1,938) (4,587)
Net cash provided by operating activities 46,867 56,157 44,523
Cash flows from investing activities:      
Net cash (used) acquired in acquisition 167,859   (7,635)
Purchases of property and equipment (27,547) (18,051) (13,161)
Purchases of marketable securities (25,304)    
Maturities of marketable securities 16,367    
Other investments (1,238)    
Net cash (used in) provided by investing activities 130,137 (18,051) (20,796)
Cash flows from financing activities:      
Common dividends paid (27,842) (11,416)  
Net proceeds from exercise of stock options 8,648    
Taxes paid for restricted stock units (859)    
Payments of contingent consideration     (1,358)
Payment of deferred financing costs (1,162)    
Net cash used in financing activities (21,215) (11,416) (1,358)
Net increase in cash, cash equivalents, and restricted cash 155,789 26,690 22,369
Cash, cash equivalents, and restricted cash - beginning of period 156,448 129,758 107,389
Cash, cash equivalents, and restricted cash - end of period 312,237 156,448 129,758
Noncash transactions:      
Purchases of property and equipment included in accounts payable $ 1,029 $ 1,734 $ 349