XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Statements of Income [Abstract]        
Revenues $ 108,487 $ 109,750 $ 219,653 $ 221,635
Costs and expenses:        
Instruction and educational support 61,782 59,245 119,880 118,942
Marketing 17,748 14,670 36,046 31,351
Admissions advisory 4,131 4,062 8,480 8,055
General and administration 11,930 10,844 22,259 22,499
Total costs and expenses 95,591 88,821 186,665 180,847
Income from operations 12,896 20,929 32,988 40,788
Investment income 112 100 212 178
Interest expense 160 1,272 320 2,545
Income before income taxes 12,848 19,757 32,880 38,421
Provision for income taxes 5,062 7,883 12,674 15,162
Net income $ 7,786 $ 11,874 $ 20,206 $ 23,259
Earnings per share:        
Basic $ 0.73 $ 1.12 $ 1.91 $ 2.20
Diluted $ 0.72 $ 1.11 $ 1.87 $ 2.17
Weighted average shares outstanding:        
Basic 10,610 10,587 10,603 10,583
Diluted 10,799 10,705 10,790 10,721