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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ 11,331 $ (9,398)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 1,192 4,497
Stock-based compensation 1,302 1,305
Deferred income tax benefit (127) (877)
Gain on foreign currency exchange contracts (99) 0
Impairment and loss on sale of discontinued operations 0 9,676
Loss on disposition and impairment of property and equipment, other assets 1,840 2,364
Program merchandise writedown 0 554
Excess tax shortfall from stock-based compensation 0 109
Change in assets and liabilities:    
Accounts receivable and other assets 487 663
Prepaid program costs and expenses 563 3,890
Accounts payable, accrued expenses, and other current liabilities (707) 2,374
Participants' deposits (21,248) (16,869)
Net cash used in operating activities (5,466) (1,712)
Cash flows from investing activities:    
Purchase of available-for-sale securities (4,923) (29,733)
Proceeds from sale of available-for-sale securities 10,000 22,582
Purchase of property and equipment (488) (1,202)
Proceeds from sale of property and equipment 36 28
Purchase of intangibles 0 (189)
Proceeds from sale of BookRags, Inc. 400 4,600
Net cash provided by (used in) investing activities 5,025 (3,914)
Cash flows from financing activities:    
Repurchase of common stock (112) (188)
Excess tax shortfall from stock-based compensation 0 (109)
Net cash used in financing activities (112) (297)
Net decrease in cash and cash equivalents (553) (5,923)
Cash and cash equivalents, beginning of period 2,002 9,473
Cash and cash equivalents, end of period $ 1,449 $ 3,550