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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS      
Revenues $ 1,015,752 $ 917,734 $ 888,519
Cost and expenses      
Instructional costs and services 663,437 592,495 557,316
Selling, administrative, and other operating expenses 297,350 290,446 305,617
Product development expenses 9,479 9,248 12,457
Total costs and expenses 970,266 892,189 875,390
Income from operations 45,486 25,545 13,129
Impairment of investment in Web International Education Group, Ltd.     (10,000)
Interest income, net 2,761 965 1,808
Other income, net 114    
Income before income taxes, loss from equity method investments and noncontrolling interest 48,361 26,510 4,937
Income tax benefit (expense) (10,520) 910 (5,396)
Loss from equity method investments (632)    
Net income (loss) 37,209 27,420 (459)
Add net loss attributable to noncontrolling interest   200 910
Net income attributable to common stockholders $ 37,209 $ 27,620 [1] $ 451 [1]
Net income attributable to common stockholders per share:      
Basic (in dollars per share) $ 0.96 $ 0.70 $ 0.01
Diluted (in dollars per share) $ 0.91 $ 0.68 $ 0.01
Weighted average shares used in computing per share amounts:      
Basic (in shares) 38,848,780 39,282,674 38,298,581
Diluted (in shares) 40,944,800 40,637,744 39,500,934
[1] Net income excludes $0.2 million and $0.9 million for the years ended June 30, 2018 and 2017, respectively, due to the redeemable noncontrolling interest related to Middlebury Interactive Languages and LearnBop, which is reported outside of permanent equity in the accompanying consolidated balance sheets (See Note 9, “Redeemable Noncontrolling Interest”).