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Unaudited Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUE:        
Total revenue $ 154,959 $ 145,690 $ 469,253 $ 435,791
OPERATING EXPENSES:        
Educational services and facilities 25,318 27,201 76,995 84,437
General and administrative 103,063 96,842 331,057 293,190
Depreciation and amortization 2,284 2,364 6,752 7,049
Total operating expenses 130,665 126,407 414,804 384,676
Operating income 24,294 19,283 54,449 51,115
OTHER INCOME:        
Interest income 1,698 950 4,730 2,326
Interest expense (43) (108) (125) (323)
Miscellaneous income 97 32 368 225
Total other income 1,752 874 4,973 2,228
PRETAX INCOME 26,046 20,157 59,422 53,343
Provision for income taxes 7,653 5,089 16,362 11,527
INCOME FROM CONTINUING OPERATIONS 18,393 15,068 43,060 41,816
LOSS FROM DISCONTINUED OPERATIONS, net of tax (159) (211) (594) (706)
NET INCOME 18,234 14,857 42,466 41,110
OTHER COMPREHENSIVE (LOSS) INCOME, net of tax:        
Foreign currency translation adjustments (113) (21) (130) (103)
Unrealized gain (loss) on investments 44 106 814 (4)
Total other comprehensive (loss) income (69) 85 684 (107)
COMPREHENSIVE INCOME $ 18,165 $ 14,942 $ 43,150 $ 41,003
NET INCOME (LOSS) PER SHARE - BASIC:        
Income from continuing operations $ 0.26 $ 0.21 $ 0.62 $ 0.60
Loss from discontinued operations     (0.01) (0.01)
Net income per share 0.26 0.21 0.61 0.59
NET INCOME (LOSS) PER SHARE - DILUTED:        
Income from continuing operations 0.25 0.21 0.60 0.59
Loss from discontinued operations     (0.01) (0.01)
Net income per share $ 0.25 $ 0.21 $ 0.59 $ 0.58
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 70,142 69,737 70,029 69,542
Diluted 72,142 71,790 71,901 71,425
Tuition and Fees [Member]        
REVENUE:        
Total revenue $ 154,291 $ 144,882 $ 467,298 $ 433,736
Other [Member]        
REVENUE:        
Total revenue [1] $ 668 $ 808 $ 1,955 $ 2,055
[1] Other revenue primarily includes contract training revenue and bookstore and laptop sales.