Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents, unrestricted	$ 66,919	$ 93,832
Restricted cash	49,821	22,938
Short-term investments	114,901	122,858
Total cash and cash equivalents, restricted cash and short-term investments	231,641	239,628
Student receivables, net of allowance for doubtful accounts of $18,013 and $14,842 as of December 31, 2015 and 2014, respectively	31,618	31,401
Receivables, other, net	5,194	19,401
Prepaid expenses	14,380	17,453
Inventories	3,353	5,022
Other current assets	2,523	4,729
Assets of discontinued operations	254	473
Total current assets	288,963	318,107
NON-CURRENT ASSETS:
Property and equipment, net	58,249	115,604
Goodwill	87,356	87,356
Intangible assets, net	9,300	28,219
Student receivables, net of allowance for doubtful accounts of $2,216 and $4,255 as of December 31, 2015 and 2014, respectively	3,958	3,916
Deferred income tax assets, net	137,716
Other assets	16,562	19,357
Assets of discontinued operations	8,811	975
TOTAL ASSETS	610,915	573,534
CURRENT LIABILITIES:
Short-term borrowings	38,000	10,000
Accounts payable	25,906	23,808
Accrued expenses:
Payroll and related benefits	38,789	30,481
Advertising and marketing costs	11,788	15,379
Income taxes	1,061	1,633
Other	24,082	28,857
Deferred tuition revenue	40,112	54,573
Liabilities of discontinued operations	13,067	15,506
Total current liabilities	192,805	180,237
NON-CURRENT LIABILITIES:
Deferred rent obligations	45,927	67,433
Other liabilities	25,197	21,072
Liabilities of discontinued operations	9,376	22,859
Total non-current liabilities	$ 80,500	$ 111,364
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; 82,996,585 and 82,336,689 shares issued, 68,098,654 and 67,521,038 shares outstanding as of December 31, 2015 and 2014, respectively	$ 830	$ 823
Additional paid-in capital	610,784	606,531
Accumulated other comprehensive loss	(880)	(853)
Accumulated deficit	(57,518)	(109,403)
Cost of 14,897,931 and 14,815,651 shares in treasury as of December 31, 2015 and 2014, respectively	(215,606)	(215,165)
Total stockholders' equity	337,610	281,933
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 610,915	$ 573,534