CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||||||||||
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2010
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REVENUE: | |||||||||||
Tuition and registration fees | $ 1,460,959 | $ 1,816,746 | $ 1,990,139 | ||||||||
Other | 28,310 | 56,623 | 79,414 | ||||||||
Total revenue | 1,489,269 | [1] | 1,873,369 | [1] | 2,069,553 | ||||||
OPERATING EXPENSES: | |||||||||||
Educational services and facilities | 571,169 | 626,158 | 617,421 | ||||||||
General and administrative | 894,185 | 932,643 | 1,070,691 | ||||||||
Depreciation and amortization | 80,658 | 82,350 | 68,667 | ||||||||
Goodwill and asset impairment | 127,007 | 191,524 | 70,429 | ||||||||
Total operating expenses | 1,673,019 | 1,832,675 | 1,827,208 | ||||||||
Operating (loss) income | (183,750) | [1] | 40,694 | [1] | 242,345 | ||||||
OTHER INCOME (EXPENSE): | |||||||||||
Interest income | 1,826 | 1,376 | 1,138 | ||||||||
Interest expense | (271) | (563) | (381) | ||||||||
Miscellaneous income (expense) | 483 | 1,972 | (484) | ||||||||
Total other income | 2,038 | 2,785 | 273 | ||||||||
PRETAX (LOSS) INCOME | (181,712) | 43,479 | 242,618 | ||||||||
(Benefit from) provision for income taxes | (46,806) | 46,740 | 78,948 | ||||||||
(LOSS) INCOME FROM CONTINUING OPERATIONS | (134,906) | (3,261) | 163,670 | ||||||||
(LOSS) INCOME FROM DISCONTINUED OPERATIONS, net of tax | (7,890) | 21,834 | [2] | (5,897) | |||||||
NET (LOSS) INCOME | (142,796) | 18,573 | 157,773 | ||||||||
OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | |||||||||||
Foreign currency translation adjustments | 503 | (5,015) | (8,577) | ||||||||
Unrealized (losses) gains on investments | (152) | (40) | 88 | ||||||||
Total other comprehensive income (loss) | 351 | (5,055) | (8,489) | ||||||||
COMPREHENSIVE (LOSS) INCOME | $ (142,445) | $ 13,518 | $ 149,284 | ||||||||
NET (LOSS) INCOME PER SHARE-BASIC: | |||||||||||
(Loss) income from continuing operations | $ (2.03) | $ (0.04) | $ 2.05 | ||||||||
(Loss) income from discontinued operations | $ (0.12) | $ 0.29 | $ (0.08) | ||||||||
Net (loss) income per share | $ (2.15) | [3] | $ 0.25 | [3] | $ 1.97 | ||||||
NET (LOSS) INCOME PER SHARE-DILUTED: | |||||||||||
(Loss) income from continuing operations | $ (2.03) | $ (0.04) | $ 2.02 | ||||||||
(Loss) income from discontinued operations | $ (0.12) | $ 0.29 | $ (0.07) | ||||||||
Net (loss) income per share | $ (2.15) | [3] | $ 0.25 | [3] | $ 1.95 | ||||||
WEIGHTED AVERAGE SHARES OUTSTANDING: | |||||||||||
Basic | 66,475 | 74,498 | 79,902 | ||||||||
Diluted | 66,475 | 74,498 | 80,850 | ||||||||
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- Definition
The aggregate total of expenses of educational services and facilities, including auxiliary enterprise expenses, academics expenses, and occupancy expenses. No definition available.
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- Definition
Goodwill And Asset Impairment Charges No definition available.
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X | ||||||||||
- Definition
Revenue earned during the period from tuition, enrollment, registration fees and other miscellaneous student fees net of student institutional scholarships/grants. No definition available.
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X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Net of tax and reclassification adjustments of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. Also includes the following: gain (loss) on foreign currency forward exchange contracts; foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; and gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net of tax amount of other comprehensive income (loss) attributable to the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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