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 |
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