XML 21 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (23,762) $ 15,286
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 13,984 13,688
Amortization of deferred finance charges 80 181
Deferred income taxes (1,031) 887
(Gain) loss on disposition of assets (40) 9
Long lived assets and Goodwill, Impairment Loss 23,683 0
Provision for doubtful accounts 9,549 14,119
Stock-based compensation expense 1,997 2,130
Tax benefit associated with exercise of share based payments 0 (83)
Deferred rent 510 437
(Increase) decrease in assets, net of acquisition of business:    
Accounts receivable (7,616) 407
Inventories (76) 334
Prepaid income taxes and income taxes receivable (9,858) (13,486)
Prepaid expenses and current assets 1,004 (741)
Other assets (112) 531
Increase (decrease) in liabilities, net of acquisition of business:    
Accounts payable (2,664) (2,858)
Accrued expenses 3,039 (10,110)
Pension plan liabilities (370) (133)
Unearned tuition (4,400) (1,251)
Other liabilities 49 (198)
Total adjustments 27,728 3,863
Net cash provided by operating activities 3,966 19,149
CASH FLOWS FROM INVESTING ACTIVITIES:    
Restricted cash 0 693
Capital expenditures (4,778) (24,057)
Proceeds from sale of property and equipment 71 28
Acquisition of business, net of cash acquired (1,472) 0
Net cash used in investing activities (6,179) (23,336)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on borrowings 0 (20,000)
Proceeds from exercise of stock options 0 228
Tax benefit associated with exercise of share based payments 0 83
Net share settlement for equity-based compensation (212) (378)
Dividends paid (3,185) (11,252)
Payment of deferred finance fees (659) 0
Principal payments under capital lease obligations (261) (198)
Net cash used in financing activities (4,317) (31,517)
NET DECREASE IN CASH AND CASH EQUIVALENTS (6,530) (35,704)
CASH AND CASH EQUIVALENTS-Beginning of period 26,524 65,995
CASH AND CASH EQUIVALENTS-End of period 19,994 30,291
Cash paid during the year for:    
Interest 2,081 2,090
Income taxes 226 23,057
Cash paid during the year for:    
Fair value of assets acquired 2,876 0
Net cash paid for the acquisition (1,472) 0
Liabilities assumed 1,404 0
Liabilities accrued for the purchase of fixed assets $ 184 $ 2,476