XML 12 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)        
REVENUE $ 128,224 $ 152,795 $ 273,582 $ 305,261
COSTS AND EXPENSES:        
Educational services and facilities 54,619 58,118 113,635 116,987
Selling, general and administrative 64,237 71,705 132,124 139,978
Loss (gain) on sale of assets 30 (11) 9 (7)
Total costs & expenses 118,886 129,812 245,768 256,958
OPERATING INCOME 9,338 22,983 27,814 48,303
OTHER:        
Interest income 2 19 5 21
Interest expense (1,094) (1,101) (2,186) (2,296)
Other income 8 48 13 48
INCOME BEFORE INCOME TAXES 8,254 21,949 25,646 46,076
PROVISION FOR INCOME TAXES 3,324 8,754 10,360 18,420
NET INCOME $ 4,930 $ 13,195 $ 15,286 $ 27,656
Basic        
Net income per share (in dollars per share) $ 0.22 $ 0.51 $ 0.70 $ 1.08
Diluted        
Net income per share (in dollars per share) $ 0.22 $ 0.50 $ 0.68 $ 1.05
Weighted average number of common shares outstanding:        
Basic (in shares) 21,990 25,780 21,966 25,670
Diluted (in shares) 22,561 26,439 22,490 26,387