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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 23,644 $ 17,571
Restricted cash 0 16,775
Accounts receivable, less allowance of $18,107 and $15,590 at December 31, 2019 and 2018, respectively 20,652 18,675
Inventories 1,608 1,451
Prepaid income taxes and income taxes receivable 383 178
Prepaid expenses and other current assets 4,190 2,461
Total current assets 50,477 57,111
PROPERTY, EQUIPMENT AND FACILITIES - At cost, net of accumulated depreciation and amortization of $172,408 and $171,109 at December 31, 2019 and 2018, respectively 49,345 49,292
OTHER ASSETS:    
Noncurrent restricted cash 15,000 11,600
Noncurrent receivables, less allowance of $2,260 and $1,403 at December 31, 2019 and 2018, respectively 15,337 12,175
Deferred income taxes, net 0 424
Operating lease right-of-use assets 49,065 0
Goodwill 14,536 14,536
Other assets, net 1,003 900
Total other assets 94,941 39,635
TOTAL ASSETS 194,763 146,038
CURRENT LIABILITIES:    
Current portion of credit agreement 2,000 15,000
Unearned tuition 23,411 22,545
Accounts payable 14,584 14,107
Accrued expenses 7,869 10,605
Current portion of operating lease liabilities 9,142 0
Other short-term liabilities 199 2,324
Total current liabilities 57,205 64,581
NONCURRENT LIABILITIES:    
Long-term credit agreement 32,028 33,769
Pension plan liabilities 4,015 4,271
Deferred income taxes, net 153 0
Long-term portion of operating lease liabilities 46,018 0
Accrued rent 0 3,410
Other long-term liabilities 214 141
Total liabilities 139,633 106,172
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, no par value - authorized 100,000,000 shares at December 31, 2019 and 2018, issued and outstanding 31,142,251 shares at December 31, 2019 and 30,552,333 shares at December 31, 2018 141,377 141,377
Additional paid-in capital 30,145 29,484
Treasury stock at cost - 5,910,541 shares at December 31, 2019 and 2018 (82,860) (82,860)
Accumulated deficit (42,058) (44,073)
Accumulated other comprehensive loss (3,456) (4,062)
Total stockholders' equity 43,148 39,866
TOTAL LIABILITIES, SERIES A CONVERTIBLE PREFERRED STOCK AND EQUITY 194,763 146,038
Series A Convertible Preferred Stock [Member]    
SERIES A CONVERTIBLE PREFERRED STOCK    
Preferred stock, no par value - 10,000,000 shares authorized, Series A convertible preferred shares, 12,700 shares issued and outstanding at December 31, 2019 and no shares issued and outstanding at December 31, 2018 11,982 0
STOCKHOLDERS' EQUITY:    
Total stockholders' equity $ 11,982 $ 0