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Quarterly Results of Operations (Tables)
12 Months Ended
Jun. 30, 2020
Quarterly Results of Operations (Unaudited)  
Schedule of selected unaudited quarterly financial information

Fiscal Year 2020

Jun 30, 

Mar 31, 

Dec 31, 

Sep 30, 

   

2020

   

2020

   

2019

   

2019

(In thousands)

Consolidated Quarterly Statements of Operations

Revenues

$

268,931

$

257,154

$

257,559

$

257,121

Instructional costs and services

 

177,436

 

178,968

 

167,470

 

169,358

Gross margin

 

91,495

 

78,186

 

90,089

 

87,763

Selling, general, and administrative expenses

 

84,454

 

63,687

 

59,784

 

107,151

Income (loss) from operations

 

7,041

 

14,499

 

30,305

 

(19,388)

Interest income (expense), net

 

(577)

 

(76)

 

441

 

910

Other income (expense), net

 

1,008

(1,093)

365

(8)

Income (loss) before income taxes and loss from equity method investments

 

7,472

 

13,330

 

31,111

 

(18,486)

Income tax (expense) benefit

 

(2,548)

 

(4,419)

 

(10,392)

 

8,818

Loss from equity method investments

(36)

(157)

(125)

(62)

Net income (loss) attributable to common stockholders

$

4,888

$

8,754

$

20,594

$

(9,730)

Net income (loss) attributable to common stockholders per share:

Basic

$

0.12

$

0.22

$

0.52

$

(0.25)

Diluted

$

0.12

$

0.22

$

0.52

$

(0.25)

Weighted average shares used in computing per share amounts:

Basic

 

39,637,347

 

39,539,791

 

39,450,017

 

39,288,557

Diluted

 

41,166,794

 

39,938,898

 

39,973,933

 

39,288,557

Fiscal Year 2019

Jun 30, 

Mar 31, 

Dec 31, 

Sep 30, 

   

2019

   

2019

   

2018

   

2018

(In thousands)

Consolidated Quarterly Statements of Operations

Revenues

$

256,314

$

253,252

$

254,872

$

251,314

Instructional costs and services

175,863

168,260

160,329

158,985

Gross margin

 

80,451

 

84,992

 

94,543

 

92,329

Selling, general, and administrative expenses

 

77,770

 

61,725

 

61,253

 

106,081

Income (loss) from operations

 

2,681

 

23,267

 

33,290

 

(13,752)

Interest income, net

 

1,214

 

754

 

477

 

316

Other income (expense), net

154

556

(789)

193

Income (loss) before income taxes and loss from equity method investments

 

4,049

 

24,577

 

32,978

 

(13,243)

Income tax (expense) benefit

 

(662)

 

(5,842)

 

(9,074)

 

5,058

Loss from equity method investments

 

(70)

 

(273)

(192)

(97)

Net income (loss) attributable to common stockholders

$

3,317

$

18,462

$

23,712

$

(8,282)

Net income attributable to common stockholders per share:

Basic

$

0.08

$

0.47

$

0.61

$

(0.22)

Diluted

$

0.08

$

0.44

$

0.59

$

(0.22)

Weighted average shares used in computing per share amounts:

Basic

 

39,135,413

 

39,008,990

 

38,816,669

 

38,434,049

Diluted

 

41,667,000

 

41,753,323

 

40,325,260

 

38,434,049