XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUE:      
Total revenue $ 687,314 $ 627,704 $ 581,296
OPERATING EXPENSES:      
Educational services and facilities 111,768 101,944 109,897
General and administrative 417,214 430,153 390,707
Depreciation and amortization 14,786 9,145 9,394
Asset impairment 612    
Total operating expenses 544,380 541,242 509,998
Operating income 142,934 86,462 71,298
OTHER INCOME:      
Interest income 3,852 6,392 3,539
Interest expense (167) (167) (681)
Miscellaneous income 211 335 196
Total other income 3,896 6,560 3,054
PRETAX INCOME 146,830 93,022 74,352
Provision for income taxes 22,476 22,428 18,561
INCOME FROM CONTINUING OPERATIONS 124,354 70,594 55,791
LOSS FROM DISCONTINUED OPERATIONS, net of tax (90) (612) (610)
NET INCOME $ 124,264 $ 69,982 $ 55,181
NET INCOME PER SHARE - BASIC:      
Income from continuing operations $ 1.79 $ 1.01 $ 0.80
Loss from discontinued operations   (0.01) (0.01)
Net income per share 1.79 [1] 1.00 [1] 0.79
NET INCOME PER SHARE - DILUTED:      
Income from continuing operations 1.74 0.98 0.78
Loss from discontinued operations   (0.01) (0.01)
Net income per share $ 1.74 [1] $ 0.97 [1] $ 0.77
WEIGHTED AVERAGE SHARES OUTSTANDING:      
Basic 69,414 70,088 69,598
Diluted 71,265 72,085 71,482
Tuition and Fees [Member]      
REVENUE:      
Total revenue $ 684,579 $ 625,056 $ 578,545
Other [Member]      
REVENUE:      
Total revenue [2] $ 2,735 $ 2,648 $ 2,751
[1] Basic and diluted earnings per share are calculated independently for each of the quarters presented. Accordingly, the sum of the quarterly earnings per share amounts may not agree with the annual earnings per share amount for the corresponding year.
[2] Other revenue primarily includes contract training revenue and bookstore sales.