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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 229,388 $ 280,592
Short-term investments 160,469 160,607
Total cash and cash equivalents and short-term investments 389,857 441,199
Student receivables, net of allowance for doubtful accounts of $40,898 and $43,891 as of March 31, 2012 and December 31, 2011, respectively 61,989 60,573
Receivables, other, net 19,689 2,914
Prepaid expenses 69,199 62,399
Inventories 9,830 11,356
Deferred income tax assets, net 10,940 10,940
Other current assets 16,205 17,769
Assets of discontinued operations 3,267 3,328
Total current assets 580,976 610,478
NON-CURRENT ASSETS:    
Property and equipment, net 341,815 349,788
Goodwill 213,862 212,626
Intangible assets, net 76,671 77,186
Student receivables, net of allowance for doubtful accounts of $18,891 and $21,062 as of March 31, 2012 and December 31, 2011, respectively 8,677 9,297
Deferred income tax assets, net 9,524 9,522
Other assets, net 30,694 30,122
Assets of discontinued operations 17,041 17,101
TOTAL ASSETS 1,279,260 [1],[2] 1,316,120 [1],[2]
CURRENT LIABILITIES:    
Current maturities of capital lease obligations 414 844
Accounts payable 34,174 48,408
Accrued expenses:    
Payroll and related benefits 40,883 41,853
Advertising and production costs 27,441 17,717
Earnout payments 3,887 5,735
Other 55,742 61,536
Deferred tuition revenue 122,496 144,947
Liabilities of discontinued operations 8,250 8,403
Total current liabilities 293,287 329,443
NON-CURRENT LIABILITIES:    
Capital lease obligations, net of current maturities 107 207
Deferred rent obligations 101,139 102,079
Other liabilities 39,947 40,365
Liabilities of discontinued operations 35,597 37,935
Total non-current liabilities 176,790 180,586
SHARE-BASED AWARDS SUBJECT TO REDEMPTION 105 110
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued or outstanding      
Common stock, $0.01 par value; 300,000,000 shares authorized; 81,761,157 and 81,966,793 shares issued, 67,222,705 and 73,621,548 shares outstanding as of March 31, 2012 and December 31, 2011, respectively 818 820
Additional paid-in capital 594,223 590,965
Accumulated other comprehensive income (loss) 292 (5,136)
Retained earnings 427,688 375,607
Cost of 14,538,452 and 8,345,245 shares in treasury as of March 31, 2012 and December 31, 2011, respectively (213,943) (156,275)
Total stockholders' equity 809,078 805,981
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,279,260 $ 1,316,120
[1] Revenue and operating income (loss) are presented above on a continuing operation basis. Total assets are presented on a consolidated basis with continuing and discontinued operations.
[2] Total assets do not include the following intercompany activity: receivable or payable activity between schools and corporate and investments in subsidiaries.