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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:  
Cash and cash equivalents$ 26,133$ 65,995
Restricted cash1694
Accounts receivable, less allowance of $20,642 and $24,960 at September 30, 2011 and December 31, 2010, respectively20,40533,697
Inventories3,3833,555
Prepaid income taxes12,5520
Deferred income taxes, net9,28811,057
Prepaid expenses and other current assets1,9692,494
Total current assets73,731117,492
PROPERTY, EQUIPMENT AND FACILITIES - At cost, net of accumulated depreciation and amortization of $119,842 and $111,164 at September 30, 2011 and December 31, 2010, respectively180,360172,431
OTHER ASSETS:  
Noncurrent receivables, less allowance of $1,777 and $2,033 at September 30, 2011 and December 31, 2010, respectively5,6696,807
Deferred finance charges, net715987
Deferred income taxes, net4,4141,524
Goodwill97,371106,709
Other assets, net4,2026,872
Total other assets112,371122,899
TOTAL366,462412,822
CURRENT LIABILITIES:  
Current portion of long-term debt and lease obligations510437
Unearned tuition46,34750,944
Accounts payable19,67425,617
Accrued expenses14,04126,071
Dividends payable016,650
Advanced payments from federal funds299578
Income taxes payable01,044
Other short-term liabilities424327
Total current liabilities81,295121,668
NONCURRENT LIABILITIES:  
Long-term debt and lease obligations, net of current portion36,12756,508
Pension plan liabilities, net3,3622,816
Accrued rent8,0937,758
Other long-term liabilities1,1741,587
Total liabilities130,051190,337
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' EQUITY:  
Preferred stock, no par value - 10,000,000 shares authorized, no shares issued and outstanding at September 30, 2011 and December 31, 201000
Common stock, no par value - authorized 100,000,000 shares at September 30, 2011 and December 31, 2010, issued and outstanding 28,538,640 shares at September 30, 2011 and 28,109,987 shares at December 31, 2010141,307140,726
Additional paid-in capital19,62017,378
Treasury stock at cost - 5,910,541 shares at September 30, 2011 and December 31, 2010, respectively(82,860)(82,860)
Retained earnings163,092151,989
Accumulated other comprehensive loss(4,748)(4,748)
Total stockholders' equity236,411222,485
TOTAL$ 366,462$ 412,822