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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, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUE:        
Total revenue $ 142,036 $ 146,222 $ 290,101 $ 308,331
OPERATING EXPENSES:        
Educational services and facilities 30,290 36,406 57,236 76,579
General and administrative 98,340 96,836 196,348 205,081
Depreciation and amortization 2,103 3,876 4,685 7,786
Total operating expenses 130,733 137,118 258,269 289,446
Operating income 11,303 9,104 31,832 18,885
OTHER INCOME:        
Interest income 742 464 1,376 854
Interest expense (106) (113) (215) (226)
Miscellaneous (expense) income (135) 253 193 293
Total other income 501 604 1,354 921
PRETAX INCOME 11,804 9,708 33,186 19,806
Provision for income taxes 2,940 5,045 6,438 9,546
INCOME FROM CONTINUING OPERATIONS 8,864 4,663 26,748 10,260
LOSS FROM DISCONTINUED OPERATIONS, net of tax (113) (377) (495) (797)
NET INCOME 8,751 4,286 26,253 9,463
OTHER COMPREHENSIVE (LOSS) INCOME, net of tax:        
Foreign currency translation adjustments (168) 222 (82) 263
Unrealized gain (loss) on investments 108 11 (110) 34
Total other comprehensive (loss) income (60) 233 (192) 297
COMPREHENSIVE INCOME $ 8,691 $ 4,519 $ 26,061 $ 9,760
NET INCOME (LOSS) PER SHARE - BASIC:        
Income from continuing operations $ 0.13 $ 0.07 $ 0.39 $ 0.15
Loss from discontinued operations   (0.01) (0.01) (0.01)
Net income per share 0.13 0.06 0.38 0.14
NET INCOME (LOSS) PER SHARE - DILUTED:        
Income from continuing operations 0.12 0.07 0.38 0.14
Loss from discontinued operations   (0.01) (0.01) (0.01)
Net income per share $ 0.12 $ 0.06 $ 0.37 $ 0.13
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 69,668 69,025 69,443 68,803
Diluted 71,562 70,884 71,239 70,590
Tuition and Fees [Member]        
REVENUE:        
Total revenue $ 141,344 $ 145,507 $ 288,854 $ 306,884
Other [Member]        
REVENUE:        
Total revenue [1] $ 692 $ 715 $ 1,247 $ 1,447
[1] Other revenue primarily includes contract training revenue and bookstore and laptop sales.