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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 52,601 $ (38,126)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Amortization of deferred financing costs 250 209
Amortization of investment discount/premium 286 132
Depreciation and amortization 78,862 29,107
Deferred income taxes 971 (4,443)
Stock-based compensation 9,075 11,781
Impairment of intangible assets 0 19,304
Changes in assets and liabilities:    
Tuition receivable, net 2,258 8,227
Other current assets (921) 2,223
Other assets (727) (581)
Accounts payable and accrued expenses (2,022) (8,949)
Income taxes payable and income taxes receivable (7,125) (7,868)
Contract liabilities 10,311 (21,946)
Other long-term liabilities (2,412) (3,717)
Net cash provided by (used in) operating activities 141,407 (14,647)
Cash flows from investing activities:    
Net cash acquired in acquisition 0 168,387
Purchases of property and equipment (27,769) (16,028)
Purchases of marketable securities (17,769) (11,346)
Maturities of marketable securities 32,860 5,842
Other investments (878) (167)
Net cash provided by (used in) investing activities (13,556) 146,688
Cash flows from financing activities:    
Common dividends paid (33,297) (16,802)
Net payments for stock awards (9,195) 6,372
Payment of deferred financing costs 0 (1,162)
Net cash used in financing activities (42,492) (11,592)
Net increase in cash, cash equivalents, and restricted cash 85,359 120,449
Cash, cash equivalents, and restricted cash — beginning of period 312,237 156,448
Cash, cash equivalents, and restricted cash — end of period 397,596 276,897
Noncash transactions:    
Purchases of property and equipment included in accounts payable $ 1,821 $ 2,975