XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUE:        
Total revenue $ 175,539 $ 176,035 $ 359,177 $ 347,029
OPERATING EXPENSES:        
Educational services and facilities 28,532 28,676 57,506 55,587
General and administrative 107,132 105,840 217,177 209,369
Depreciation and amortization 3,913 4,151 7,915 6,790
Asset impairment       612
Total operating expenses 139,577 138,667 282,598 272,358
Operating income 35,962 37,368 76,579 74,671
OTHER INCOME:        
Interest income 322 1,011 681 2,498
Interest expense (280) (43) (389) (84)
Miscellaneous (expense) income (35) 125 107 112
Total other income 7 1,093 399 2,526
PRETAX INCOME 35,969 38,461 76,978 77,197
Provision for income taxes 9,319 10,272 19,564 19,876
INCOME FROM CONTINUING OPERATIONS 26,650 28,189 57,414 57,321
LOSS FROM DISCONTINUED OPERATIONS, net of tax (1) (22) (12) (48)
NET INCOME $ 26,649 $ 28,167 $ 57,402 $ 57,273
NET INCOME PER SHARE - BASIC: $ 0.38 $ 0.41 $ 0.82 $ 0.82
NET INCOME PER SHARE - DILUTED: $ 0.37 $ 0.40 $ 0.80 $ 0.80
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic 70,299 69,094 70,224 69,467
Diluted 71,679 70,900 71,616 71,350
Tuition and Fees [Member]        
REVENUE:        
Total revenue $ 174,804 $ 175,499 $ 357,635 $ 345,893
Other [Member]        
REVENUE:        
Total revenue [1] $ 735 $ 536 $ 1,542 $ 1,136
[1] Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.