XML 19 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Revenue      
Revenues $ 300,761 $ 331,504 $ 316,965
Operating expenses:      
Educational services and facilities 155,932 178,317 182,589
Selling, general and administrative 148,700 160,989 169,651
Total operating expenses 304,632 339,306 352,240
Loss from operations (3,871) (7,802) (35,275)
Other income (expense):      
Interest income 1,152 1,491 1,425
Interest expense (10) (3,220) (3,310)
Equity in earnings of unconsolidated affiliate 0 399 385
Other income 135 1,467 1,078
Total other income (expense), net 1,277 137 (422)
Loss before income taxes (2,594) (7,665) (35,697)
Income tax benefit (expense) 10,602 (203) 3,015
Net income (loss) 8,008 (7,868) (32,682)
Preferred stock dividends 5,264 5,250 5,250
Income (loss) available for distribution $ 2,744 $ (13,118) $ (37,932)
Loss per share:      
Net income (loss) per share - basic (in dollars per share) $ 0.05 $ (0.52) $ (1.51)
Net income (loss) per share - diluted (in dollars per share) $ 0.05 $ (0.52) $ (1.51)
Weighted average number of shares outstanding:      
Basic (in shares) 29,812 25,438 25,115
Diluted (in shares) 30,113 25,438 25,115