Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 57,137	$ 64,107
Marketable securities available for sale, at fair value		12,386
Tuition receivable, net of allowances for doubtful accounts of $7,935 and $7,279 at December 31, 2010 and 2011, respectively	25,006	22,011
Income taxes receivable	394
Other current assets	12,131	10,231
Total current assets	94,668	108,735
Property and equipment, net	121,149	116,063
Deferred income taxes	3,326	8,374
Goodwill	6,800
Other assets	5,190	2,006
Total assets	231,133	235,178
LIABILITIES & STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	34,039	41,792
Income taxes payable		934
Unearned tuition	15,364	3,523
Other current liabilities	281	281
Current portion of term loan	27,500
Total current liabilities	77,184	46,530
Revolving credit facility	20,000
Term loan, less current portion	70,000
Other long-term liabilities	21,656	12,644
Total liabilities	188,840	59,174
Commitments and contingencies
Stockholders' equity:
Common stock, par value $.01; 20,000,000 shares authorized; 13,316,822 and 11,792,456 shares issued and outstanding at December 31, 2010 and 2011, respectively	118	133
Additional paid-in capital	295	1,206
Retained earnings	42,491	174,625
Accumulated other comprehensive income (loss)	(611)	40
Total stockholders' equity	42,293	176,004
Total liabilities and stockholders' equity	$ 231,133	$ 235,178