XML 16 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2009
NET REVENUES $ 1,868,796 $ 1,756,192 $ 1,300,675
OPERATING EXPENSES:      
Educational services (including bad debt expense of $99,844, $94,321 and $106,322 for the years ended June 30, 2011, 2010 and 2009, respectively) 1,111,870 966,894 748,360
General and administrative 205,124 192,554 135,747
Marketing and admissions 414,778 355,980 292,825
Impairment, facility closing and severance charges 220,058   4,350
Total operating expenses 1,951,830 1,515,428 1,181,282
(LOSS) INCOME FROM OPERATIONS (83,034) 240,764 119,393
Interest income (922) (1,148) (1,729)
Interest expense (net of capitalized interest of $2,003, $1,291, and $486 for the years ended June 30, 2011, 2010 and 2009, respectively) 8,530 5,010 2,715
Other (income) expense, net (3,429) (4,229) 1,172
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES (87,213) 241,131 117,235
Provision for income taxes 22,482 95,228 46,032
(LOSS) INCOME FROM CONTINUING OPERATIONS (109,695) 145,903 71,203
(LOSS) FROM DISCONTINUED OPERATIONS, net of tax (benefit) expense of ($578), $105 and ($1,622) for the years ended June 30, 2011, 2010 and 2009, respectively (1,470) 68 (2,443)
NET (LOSS) INCOME $ (111,165) $ 145,971 $ 68,760
(LOSS) INCOME PER SHARE-BASIC:      
(Loss) income from continuing operations (in dollars per share) $ (1.28) $ 1.66 $ 0.83
Loss from discontinued operations (in dollars per share) $ (0.02)   $ (0.03)
Net (loss) income (in dollars per share) $ (1.30) $ 1.66 $ 0.80
(LOSS) INCOME PER SHARE-DILUTED:      
(Loss) income from continuing operations (in dollars per share) $ (1.28) $ 1.65 $ 0.81
Loss from discontinued operations (in dollars per share) $ (0.02)   $ (0.02)
Net (loss) income (in dollars per share) $ (1.30) $ 1.65 $ 0.79
Weighted average number of common shares outstanding:      
Basic (in shares) 85,388 87,696 86,121
Diluted (in shares) 85,388 88,707 87,517