Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 47,814	$ 59,736
Accounts receivable, net	59,015	59,359
Accounts receivable - students, net	18,867	20,531
Inventories	55,569	52,102
Prepaid expenses and other current assets	21,388	18,129
Total current assets	202,653	209,857
PROPERTY AND EQUIPMENT, net	106,279	96,509
GOODWILL	148,815	148,815
OTHER ASSETS:
Intangible assets, net	68,721	69,184
Deferred financing costs, net	2,092	2,481
Deferred customer acquisition costs	9,343	8,723
Other	19,073	17,274
Total other assets	99,229	97,662
Total assets	556,976	552,843
CURRENT LIABILITIES:
Accounts payable	30,134	26,162
Accrued expenses	44,688	43,302
Current portion of long-term debt	7,520	1,405
Current portion of deferred rent	2,392	2,392
Current portion of deferred tuition revenue	20,654	22,337
Current portion of deferred revenue	98,082	88,086
Gift certificate liability	15,139	16,364
Income taxes payable	1,452	1,972
Total current liabilities	220,061	202,020
NON-CURRENT LIABILITIES:
Deferred income tax liabilities, net	29,778	28,304
Long-term debt	101,061	127,177
Long-term deferred rent	14,027	14,674
Long-term deferred tuition revenue	344	113
Long-term deferred revenue	7,953	7,660
Total non-current liabilities	$ 153,163	$ 177,928
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Preferred shares, $.0l par value; 10,000 shares authorized, none issued and outstanding
Common shares, $.0l par value; 100,000 shares authorized, 24,213 shares issued in 2015 and 24,191 shares issued in 2014	$ 242	$ 242
Additional paid-in capital	200,487	196,156
Accumulated other comprehensive loss	(2,311)	(2,571)
Retained earnings	390,962	373,898
Treasury shares, at cost, 11,385 shares in 2015 and 11,153 shares in 2014	(405,628)	(394,830)
Total shareholders' equity	183,752	172,895
Total liabilities and shareholders' equity	$ 556,976	$ 552,843