XML 35 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]        
REVENUE $ 72,393 $ 76,389 $ 149,113 $ 155,591
COSTS AND EXPENSES:        
Educational services and facilities 37,348 40,688 75,544 82,440
Selling, general and administrative 41,248 45,071 85,256 91,189
Loss (gain) on sale of assets 8 (6) (40) (61)
Total costs & expenses 78,604 85,753 160,760 173,568
OPERATING LOSS (6,211) (9,364) (11,647) (17,977)
OTHER:        
Interest income 12 16 20 72
Interest expense (1,727) (1,178) (3,354) (2,494)
Other income 371 0 593 0
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (7,555) (10,526) (14,388) (20,399)
PROVISION FOR INCOME TAXES 50 418 100 837
LOSS FROM CONTINUING OPERATIONS (7,605) (10,944) (14,488) (21,236)
LOSS FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES 0 (652) 0 (1,455)
NET LOSS $ (7,605) $ (11,596) $ (14,488) $ (22,691)
Basic        
Loss per share from continuing operations (in dollars per share) $ (0.33) $ (0.48) $ (0.63) $ (0.93)
Loss per share from discontinued operations (in dollars per share) 0 (0.03) 0 (0.07)
Net loss per share (in dollars per share) (0.33) (0.51) (0.63) (1.00)
Diluted        
Loss per share from continuing operations (in dollars per share) (0.33) (0.48) (0.63) (0.93)
Loss per share from discontinued operations (in dollars per share) 0 (0.03) 0 (0.07)
Net loss per share (in dollars per share) $ (0.33) $ (0.51) $ (0.63) $ (1.00)
Weighted average number of common shares outstanding:        
Basic (in shares) 23,131,856 22,800,471 23,094,040 22,761,811
Diluted (in shares) 23,131,856 22,800,471 23,094,040 22,761,811