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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows provided by operating activities:    
Net income $ 93,297 $ 78,373
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 8,423 7,412
Excess tax benefits from share-based compensation (3,343) (7,232)
Provision for bad debts 11,412 10,835
Depreciation and amortization 25,360 21,418
Deferred income taxes (1,305) (137)
Prepaid royalty impairment   966
Other, including fixed asset impairments 2,098 2,475
Changes in assets and liabilities:    
Restricted cash, cash equivalents and investments 3,103 5,567
Accounts receivable (13,307) (11,907)
Prepaid expenses and other (1,549) (317)
Due to/from related parties (21) 17
Accounts payable 1,400 (2,956)
Accrued liabilities and employee related liabilities (1,181) (1,610)
Income taxes receivable/payable (791) 18,782
Deferred rent (824) (2,736)
Deferred revenue 49,844 44,092
Student deposits (3,606) (6,300)
Net cash provided by operating activities 169,010 156,742
Cash flows used in investing activities:    
Capital expenditures (169,706) (141,217)
Purchases of investments (35,547) (101,185)
Proceeds from sale or maturity of investments 52,315 82,479
Net cash used in investing activities (152,938) (159,923)
Cash flows (used in) provided by financing activities:    
Principal payments on notes payable and capital lease obligations (5,117) (5,021)
Repurchase of common shares including shares withheld in lieu of income taxes (4,230) (5,338)
Excess tax benefits from share-based compensation 3,343 7,232
Net proceeds from exercise of stock options 2,871 6,966
Net cash (used in) provided by financing activities (3,133) 3,839
Net increase in cash and cash equivalents 12,939 658
Cash and cash equivalents, beginning of period 65,238 55,824
Cash and cash equivalents, end of period 78,177 56,482
Supplemental disclosure of cash flow information    
Cash paid for interest 849 1,327
Cash paid for income taxes 54,408 29,223
Cash received for income tax refunds 2 364
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment included in accounts payable 23,212 11,650
Purchases of equipment through capital lease and note payable obligations 1,257  
Tax benefit of Spirit warrant intangible 190 195
Shortfall tax expense from share-based compensation $ 18 $ 14