XML 16 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 397,094 $ 311,732
Marketable securities 33,455 37,121
Tuition receivable, net 50,964 55,694
Income taxes receivable 6,970 0
Other current assets 17,130 15,814
Total current assets 505,613 420,361
Property and equipment, net 116,489 122,677
Right-of-use lease assets 93,208  
Marketable securities, non-current 26,532 37,678
Intangible assets, net 286,844 328,344
Goodwill 732,075 732,540
Other assets 20,435 19,429
Total assets 1,781,196 1,661,029
Current liabilities:    
Accounts payable and accrued expenses 86,092 85,979
Income taxes payable 0 419
Contract liabilities 45,571 38,733
Lease liabilities 26,167  
Total current liabilities 157,830 125,131
Deferred income tax liabilities 57,016 59,358
Lease liabilities, non-current 83,067  
Other long-term liabilities 38,624 51,316
Total liabilities 336,537 235,805
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.01; 32,000,000 shares authorized; 21,743,498 and 21,964,505 shares issued and outstanding at December 31, 2018 and September 30, 2019, respectively 220 217
Additional paid-in capital 1,306,353 1,306,653
Accumulated other comprehensive income 447 32
Retained earnings 137,639 118,322
Total stockholders’ equity 1,444,659 1,425,224
Total liabilities and stockholders’ equity $ 1,781,196 $ 1,661,029