XML 29 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income $ 2,420 $ 1,011
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,338 4,051
Stock-based compensation 1,750 1,689
Equity investment loss 1 1,487
Deferred income taxes 1,878 712
Loss on disposals of long-lived assets 166 126
Impairment of goodwill 0 5,855
Other 6 37
Changes in operating assets and liabilities:    
Accounts receivable, net of allowance for bad debt 4,828 (44)
Prepaid expenses (2,639) (923)
Income tax receivable/payable (923) (823)
Operating leases, net 45 365
Other assets (497) 170
Accounts payable 1,460 (6,707)
Accrued compensation and benefits (2,737) (6,445)
Accrued liabilities (122) 4,621
Deferred revenue and student deposits 2,548 2,713
Net cash provided by operating activities 11,522 7,895
Investing activities    
Capital expenditures (1,869) (1,585)
Net cash used in investing activities (1,869) (1,585)
Financing activities    
Cash paid for repurchase of common stock (15,554) (2,513)
Net cash used in financing activities (15,554) (2,513)
Net (decrease) increase in cash, cash equivalents, and restricted cash (5,901) 3,797
Cash, cash equivalents, and restricted cash at beginning of period 202,740 212,131
Cash, cash equivalents, and restricted cash at end of period 196,839 215,928
Supplemental disclosure of cash flow information    
Income taxes paid $ 21 $ 48