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Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2017
Significant Accounting Policies [Abstract]  
Schedule of graduation fund liability

The table below presents activity in the Graduation Fund for the three months ended March 31, 2016 and 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

    

March 31,

 

    

March 31,

 

 

 

2016

 

    

2017

 

Balance at beginning of period

 

$

20,937

 

    

$

29,499

 

Revenue deferred

 

 

4,755

 

 

 

5,702

 

Benefit redeemed

 

 

(2,427)

 

 

 

(3,563)

 

Balance at end of period

 

$

23,265

 

 

$

31,638

 

 

Schedule of tuition receivable and allowance for doubtful accounts

 

 

 

 

 

 

 

 

 

    

December 31, 2016

    

March 31, 2017

 

Tuition receivable

 

$

30,733

 

$

31,143

 

Allowance for doubtful accounts

 

 

(10,201)

 

 

(10,820)

 

Tuition receivable, net

 

$

20,532

 

$

20,323

 

 

Schedule of allowance for doubtful accounts

 

 

 

 

 

 

 

 

 

    

For the three months ended

    

 

 

March 31,

 

 

 

2016

 

2017

 

Allowance for doubtful accounts, beginning of period

 

$

10,024

 

$

10,201

 

Additions charged to expense

 

 

3,068

 

 

4,382

 

Write-offs, net of recoveries

 

 

(2,866)

 

 

(3,763)

 

   Allowance for doubtful accounts, end of period

 

$

10,226

 

$

10,820

 

 

Schedule of reconciliation of shares used to calculate basic and diluted earnings per share

 

 

 

 

 

 

 

    

For the three months ended

    

 

 

March 31,

 

 

    

2016

    

2017

    

Weighted average shares outstanding used to compute basic earnings per share

 

10,596

 

10,630

 

Incremental shares issuable upon the assumed exercise of stock options

 

 —

 

35

 

Unvested restricted stock and restricted stock units

 

186

 

456

 

    Shares used to compute diluted earnings per share

 

10,782

 

11,121