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Unaudited Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUE:        
Tuition and fees $ 145,507 $ 181,432 $ 306,884 $ 379,217
Other 715 1,194 1,447 2,295
Total revenue 146,222 182,626 308,331 381,512
OPERATING EXPENSES:        
Educational services and facilities 36,406 58,062 76,579 119,600
General and administrative 96,836 102,072 205,081 225,635
Depreciation and amortization 3,876 5,202 7,786 11,771
Asset impairment       237
Total operating expenses 137,118 165,336 289,446 357,243
Operating income 9,104 17,290 18,885 24,269
OTHER INCOME:        
Interest income 464 301 854 566
Interest expense (113) (116) (226) (352)
Miscellaneous income (expense) 253 (231) 293 (14)
Total other income (expense) 604 (46) 921 200
PRETAX INCOME 9,708 17,244 19,806 24,469
Provision for income taxes 5,045 4,620 9,546 8,755
INCOME FROM CONTINUING OPERATIONS 4,663 12,624 10,260 15,714
LOSS FROM DISCONTINUED OPERATIONS, net of tax (377) (785) (797) (864)
NET INCOME 4,286 11,839 9,463 14,850
OTHER COMPREHENSIVE INCOME, net of tax:        
Foreign currency translation adjustments 222 (97) 263 96
Unrealized gains on investments 11 131 34 454
Total other comprehensive income 233 34 297 550
COMPREHENSIVE INCOME $ 4,519 $ 11,873 $ 9,760 $ 15,400
NET INCOME (LOSS) PER SHARE - BASIC:        
Income from continuing operations $ 0.07 $ 0.18 $ 0.15 $ 0.23
Loss from discontinued operations (0.01) (0.01) (0.01) (0.01)
Net income per share 0.06 0.17 0.14 0.22
NET INCOME (LOSS) PER SHARE - DILUTED:        
Income from continuing operations 0.07 0.18 0.14 0.23
Loss from discontinued operations (0.01) (0.01) (0.01) (0.01)
Net income per share $ 0.06 $ 0.17 $ 0.13 $ 0.22
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 69,025 68,368 68,803 68,261
Diluted 70,884 69,015 70,590 68,627