XML 19 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Revenue $ 299,248,000 $ 313,139,000 $ 327,910,000
Costs and expenses:      
Instructional costs and services 116,161,000 117,013,000 118,848,000
Selling and promotional 58,335,000 59,095,000 62,397,000
General and administrative 69,024,000 68,666,000 73,047,000
Loss on disposals of long-lived assets 2,093,000 5,970,000 817,000
Impairment of goodwill 0 4,735,000 0
Depreciation and amortization 18,776,000 19,384,000 20,520,000
Total costs and expenses 264,389,000 274,863,000 275,629,000
Income from operations before interest income and income taxes 34,859,000 38,276,000 52,281,000
Interest income, net 185,000 116,000 115,000
Income from operations before income taxes 35,044,000 38,392,000 52,396,000
Income tax expense 11,493,000 14,940,000 20,072,000
Equity investment income (loss) (2,430,000) 703,000 90,000
Net income $ 21,121,000 $ 24,155,000 $ 32,414,000
Net income per common share:      
Basic (in dollars per share) $ 1.30 $ 1.50 $ 1.94
Diluted (in dollars per share) $ 1.29 $ 1.49 $ 1.93
Weighted average number of shares outstanding:      
Basic (in shares) 16,236 16,068 16,676
Diluted (in shares) 16,380 16,214 16,798