XML 28 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:    
Cash and cash equivalents $ 30,291 $ 65,995
Restricted cash 1 694
Accounts receivable, less allowance of $20,560 and $24,960 at June 30, 2011 and December 31, 2010, respectively 20,413 33,697
Inventories 3,221 3,555
Prepaid income taxes 12,525 0
Deferred income taxes, net 9,838 11,057
Prepaid expenses and other current assets 2,453 2,494
Total current assets 78,742 117,492
PROPERTY, EQUIPMENT AND FACILITIES - At cost, net of accumulated depreciation and amortization of $116,350 and $111,164 at June 30, 2011 and December 31, 2010, respectively 180,880 172,431
OTHER ASSETS:    
Noncurrent receivables, less allowance of $1,662 and $2,033 at June 30, 2011 and December 31, 2010, respectively 5,565 6,807
Deferred finance charges, net 806 987
Deferred income taxes, net 1,856 1,524
Goodwill 106,709 106,709
Other assets, net 5,885 6,872
Total other assets 120,821 122,899
TOTAL 380,443 412,822
CURRENT LIABILITIES:    
Current portion of long-term debt and lease obligations 476 437
Unearned tuition 49,693 50,944
Accounts payable 19,638 25,617
Accrued expenses 16,093 26,071
Dividends payable 5,647 16,650
Advanced payments from federal funds 67 578
Income taxes payable 0 1,044
Other short-term liabilities 528 327
Total current liabilities 92,142 121,668
NONCURRENT LIABILITIES:    
Long-term debt and lease obligations, net of current portion 36,271 56,508
Pension plan liabilities, net 3,182 2,816
Accrued rent 8,063 7,758
Other long-term liabilities 1,200 1,587
Total liabilities 140,858 190,337
STOCKHOLDERS' EQUITY:    
Preferred stock, no par value - 10,000,000 shares authorized, no shares issued and outstanding at June 30, 2011 and December 31, 2010 0 0
Common stock, no par value - authorized 100,000,000 shares at June 30, 2011 and December 31, 2010, issued and outstanding 28,499,673 shares at June 30, 2011 and 28,109,987 shares at December 31, 2010 140,954 140,726
Additional paid-in capital 19,213 17,378
Treasury stock at cost - 5,910,541 shares at June 30, 2011 and December 31, 2010, respectively (82,860) (82,860)
Retained earnings 167,026 151,989
Accumulated other comprehensive loss (4,748) (4,748)
Total stockholders' equity 239,585 222,485
TOTAL $ 380,443 $ 412,822