XML 23 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 8,112,000us-gaap_NetIncomeLoss $ 7,361,000us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,346,000us-gaap_DepreciationAndAmortization 5,867,000us-gaap_DepreciationAndAmortization
Stock-based compensation 2,115,000us-gaap_ShareBasedCompensation 2,550,000us-gaap_ShareBasedCompensation
Provision for doubtful accounts 2,497,000us-gaap_ProvisionForDoubtfulAccounts 1,979,000us-gaap_ProvisionForDoubtfulAccounts
Deferred income tax provision 870,000us-gaap_DeferredIncomeTaxExpenseBenefit 870,000us-gaap_DeferredIncomeTaxExpenseBenefit
Changes in:    
Accounts receivable and accounts receivable-students (11,665,000)us-gaap_IncreaseDecreaseInAccountsReceivable (10,994,000)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (1,996,000)us-gaap_IncreaseDecreaseInInventories (480,000)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (2,325,000)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (923,000)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets (1,855,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets (110,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable (4,981,000)us-gaap_IncreaseDecreaseInAccountsPayable (7,337,000)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses 2,521,000us-gaap_IncreaseDecreaseInAccruedLiabilities (13,134,000)us-gaap_IncreaseDecreaseInAccruedLiabilities
Deferred tuition revenue 5,297,000stnr_IncreaseDecreaseInDeferredTuitionrevenue 7,793,000stnr_IncreaseDecreaseInDeferredTuitionrevenue
Deferred revenue 7,918,000us-gaap_IncreaseDecreaseInDeferredRevenue (2,502,000)us-gaap_IncreaseDecreaseInDeferredRevenue
Deferred rent (145,000)stnr_IncreaseDecreaseInDeferredrent 94,000stnr_IncreaseDecreaseInDeferredrent
Gift certificate liability (980,000)stnr_GiftCertificateliability (851,000)stnr_GiftCertificateliability
Net cash provided by (used in) operating activities 10,729,000us-gaap_NetCashProvidedByUsedInOperatingActivities (9,817,000)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (8,881,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,064,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (8,881,000)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,064,000)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase of treasury shares (9,489,000)us-gaap_PaymentsForRepurchaseOfCommonStock (893,000)us-gaap_PaymentsForRepurchaseOfCommonStock
Payments for long-term debt (20,000,000)us-gaap_RepaymentsOfLongTermDebt  
Proceeds from long-term debt 4,000,000us-gaap_ProceedsFromIssuanceOfLongTermDebt  
Net cash used in financing activities (25,489,000)us-gaap_NetCashProvidedByUsedInFinancingActivities (893,000)us-gaap_NetCashProvidedByUsedInFinancingActivities
EFFECT OF EXCHANGE RATE CHANGES ON CASH 397,000us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (101,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
NET DECREASE IN CASH AND CASH EQUIVALENTS (23,244,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (12,875,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, Beginning of period 59,736,000us-gaap_CashAndCashEquivalentsAtCarryingValue 75,252,000us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, End of period 36,492,000us-gaap_CashAndCashEquivalentsAtCarryingValue 62,377,000us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 577,000us-gaap_InterestPaid 497,000us-gaap_InterestPaid
Income taxes $ 1,004,000us-gaap_IncomeTaxesPaid $ 823,000us-gaap_IncomeTaxesPaid