Condensed Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
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| Condensed Consolidated Statements of Operations | ||||
| Revenue | $ 51,960 | $ 37,092 | $ 148,514 | $ 106,942 |
| Costs and expenses: | ||||
| Servicing and support | 10,351 | 7,845 | 30,123 | 23,299 |
| Technology and content development | 8,670 | 7,082 | 24,787 | 19,682 |
| Program marketing and sales | 28,165 | 21,567 | 79,304 | 62,680 |
| General and administrative | 11,569 | 8,477 | 32,960 | 24,059 |
| Total costs and expenses | 58,755 | 44,971 | 167,174 | 129,720 |
| Loss from operations | (6,795) | (7,879) | (18,660) | (22,778) |
| Other income (expense): | ||||
| Interest expense | (127) | (35) | (379) | |
| Interest income | 37 | 21 | 220 | 74 |
| Other | (250) | (250) | ||
| Total other income (expense) | 37 | (356) | 185 | (555) |
| Loss before income taxes | (6,758) | (8,235) | (18,475) | (23,333) |
| Net loss | $ (6,758) | $ (8,235) | $ (18,475) | $ (23,333) |
| Net loss per share, basic and diluted (in dollars per share) | $ (0.14) | $ (0.20) | $ (0.40) | $ (0.56) |
| Weighted-average shares of common stock outstanding, basic and diluted (in shares) | 46,903,628 | 41,645,894 | 46,453,480 | 41,331,481 |
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- Definition Represents the amount of servicing and support costs consisting primarily of compensation costs related to program management and operations, as well as costs for platform technical support and faculty and student support. No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The aggregate amount of other expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating expense recognized during the period. Such amounts may include: (a) unusual costs, (b) loss on foreign exchange transactions, (c) losses on securities (net of profits), and (d) miscellaneous other expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition Costs incurred in providing technology services. The services may include training, installation, engineering or consulting. Consulting services often include implementation support, software design or development, or the customization or modification of the licensed software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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