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Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2017
Significant Accounting Policies [Abstract]  
Schedule of graduation fund liability

The table below presents activity in the Graduation Fund for the six months ended June 30, 2016 and 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

    

June 30,

 

    

June 30,

 

 

 

2016

 

    

2017

 

Balance at beginning of period

 

$

20,937

 

    

$

29,499

 

Revenue deferred

 

 

10,128

 

 

 

11,982

 

Benefit redeemed

 

 

(5,806)

 

 

 

(7,719)

 

Balance at end of period

 

$

25,259

 

 

$

33,762

 

 

Schedule of tuition receivable and allowance for doubtful accounts

 

 

 

 

 

 

 

 

 

    

December 31, 2016

    

June 30, 2017

 

Tuition receivable

 

$

30,733

 

$

32,102

 

Allowance for doubtful accounts

 

 

(10,201)

 

 

(11,760)

 

Tuition receivable, net

 

$

20,532

 

$

20,342

 

 

Schedule of allowance for doubtful accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

For the three months ended

    

For the six months ended

    

 

 

June 30,

 

June 30,

 

 

 

2016

 

2017

 

2016

 

2017

 

Allowance for doubtful accounts, beginning of period

 

$

10,226

 

$

10,820

 

$

10,024

 

$

10,201

 

Additions charged to expense

 

 

4,136

 

 

5,090

 

 

7,204

 

 

9,472

 

Write-offs, net of recoveries

 

 

(4,381)

 

 

(4,150)

 

 

(7,247)

 

 

(7,913)

 

   Allowance for doubtful accounts, end of period

 

$

9,981

 

$

11,760

 

$

9,981

 

$

11,760

 

 

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

 

 

 

 

 

 

 

 

 

 

 

    

For the three months ended

    

For the six months ended

    

 

 

June 30,

 

June 30,

 

 

 

2016

    

2017

    

2016

    

2017

    

Weighted average shares outstanding used to compute basic earnings per share

 

10,610

 

10,680

 

10,603

 

10,655

 

Incremental shares issuable upon the assumed exercise of stock options

 

 —

 

41

 

 —

 

38

 

Unvested restricted stock and restricted stock units

 

189

 

469

 

187

 

462

 

    Shares used to compute diluted earnings per share

 

10,799

 

11,190

 

10,790

 

11,155