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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net income $ 32,414 $ 40,877 $ 42,034
Adjustments to reconcile net income to net cash provided by operating activities, net of assets and liabilities acquired      
Depreciation and amortization 20,520 16,121 13,508
Stock-based compensation 5,912 5,369 4,024
Loss on disposal 817 115 62
Investment loss/(income) (90) 166 67
Stock issued for director compensation 66 90 104
Deferred income taxes (160) 2,494 2,018
Changes in operating assets and liabilities:      
Accounts receivable, net of allowance for bad debt (1,787) 3,390 2,720
Prepaid expenses and other assets (4,405) (512) (1,262)
Income tax receivable 2,029 1,186 1,738
Accounts payable (4,765) (534) (5,903)
Accrued liabilities 738 (6,708) 5,047
Deferred revenue and student deposits 5,922 (1,024) (4,743)
Net cash provided by operating activities 57,211 61,030 59,414
Investing activities      
Capital expenditures (26,002) (24,596) (20,649)
Equity investment (3,871) (1,620) (4,000)
Note receivable (199) 6,000 0
Acquisition, net of cash acquired 0 0 (44,356)
Capitalized program development costs and other assets (1,265) (1,075) (244)
Net cash used in investing activities (31,337) (21,291) (69,249)
Financing activities      
Cash paid for repurchase of common/restricted stock (35,310) (19,711) (14,423)
Cash received from issuance of common stock 55 536 3,312
Excess tax benefit/(expense) from stock-based compensation (519) 250 865
Net cash used in financing activities (35,774) (18,925) (10,246)
Net increase (decrease) in cash and cash equivalents (9,900) 20,814 (20,081)
Cash and cash equivalents at beginning of period 115,634 94,820 114,901
Cash and cash equivalents at end of period 105,734 115,634 94,820
Supplemental disclosures of cash flow information      
Income taxes paid $ 18,037 $ 21,631 $ 21,014