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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents, unrestricted $ 33,175 $ 18,110
Restricted cash 789 789
Restricted short-term investments 4,570 5,070
Short-term investments 151,571 156,178
Total cash and cash equivalents, restricted cash and short-term investments 190,105 180,147
Student receivables, net of allowance for doubtful accounts of $22,098 and $20,533 as of June 30, 2018 and December 31, 2017, respectively 24,992 18,875
Receivables, other, net 1,948 1,163
Prepaid expenses 10,957 7,722
Inventories 914 1,112
Other current assets 1,607 1,319
Assets of discontinued operations 171 382
Total current assets 230,694 210,720
NON-CURRENT ASSETS:    
Property and equipment, net of accumulated depreciation of $196,487 and $213,825 as of June 30, 2018 and December 31, 2017, respectively 30,829 33,230
Goodwill 87,356 87,356
Intangible assets, net of amortization of $1,400 as of both June 30, 2018 and December 31, 2017 7,900 7,900
Student receivables, net of allowance for doubtful accounts of $2,170 and $2,001 as of June 30, 2018 and December 31, 2017, respectively 2,334 2,548
Deferred income tax assets, net 91,443 98,084
Other assets 6,649 5,673
Assets of discontinued operations 1,585 1,585
TOTAL ASSETS [1] 458,790 447,096
CURRENT LIABILITIES:    
Accounts payable 11,297 8,515
Accrued expenses:    
Payroll and related benefits 22,895 32,910
Advertising and marketing costs 9,945 9,245
Income taxes 1,762 2,185
Other 33,834 31,233
Deferred revenue 23,050 22,897
Liabilities of discontinued operations 3,125 5,701
Total current liabilities 105,908 112,686
NON-CURRENT LIABILITIES:    
Deferred rent obligations 14,827 15,277
Other liabilities 15,138 22,143
Liabilities of discontinued operations   785
Total non-current liabilities 29,965 38,205
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued or outstanding
Common stock, $0.01 par value; 300,000,000 shares authorized; 85,115,123 and 84,279,533 shares issued, 69,723,487 and 69,117,803 shares outstanding as of June 30, 2018 and December 31, 2017, respectively 851 843
Additional paid-in capital 624,869 621,008
Accumulated other comprehensive loss (356) (164)
Accumulated deficit (81,874) (108,127)
Treasury stock, at cost; 15,391,636 and 15,161,730 shares as of June 30, 2018 and December 31, 2017, respectively (220,573) (217,355)
Total stockholders' equity 322,917 296,205
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 458,790 $ 447,096
[1] Total assets do not include intercompany receivable or payable activity between schools and corporate and investments in subsidiaries.