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Commitments and Contingencies (Tables)
6 Months Ended
Mar. 31, 2013
Future Minimum Rental Commitments

Future minimum rental commitments at March 31, 2013 for all non-cancelable operating leases were as follows:

 

Six months ending September 30, 2013

     $ 14,027     

Year ending September 30,

  

2014

     27,468     

2015

     26,757     

2016

     25,233     

2017

     22,189     

Thereafter

     94,265     
  

 

 

 
    $           209,939     
  

 

 

 
Impact of the Proprietary Loan Program on Our Tuition Revenue and Interest Income During Period as well as on Cumulative Basis

The following table summarizes the impact of the proprietary loan program on our tuition revenue and interest income during the period as well as on a cumulative basis at the end of each period in our condensed consolidated income statements. Tuition revenue and interest income excluded represents amounts which would have been recognized during the period had collectability of the related amounts been assured. Amounts collected and recognized represent actual cash receipts during the period and amounts written-off represent amounts which have been turned over to third party collectors.

 

     Three Months Ended      Six Months Ended         
     March 31,      March 31,      Inception  
     2013      2012      2013      2012      to date  

Tuition and interest income excluded

    $ 6,095           $ 4,426          $ 12,832           $ 7,658          $ 59,714     

Amounts collected and recognized

     (568)          (409)          (1,018)          (730)          (3,763)    

Amounts written-off

     (1,469)          (1,899)          (2,456)          (4,698)          (17,156)    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net amount excluded during the period

    $     4,058           $     2,118          $     9,358           $     2,230          $     38,795     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Activity Related to Balances Outstanding under our Proprietary Loan Program, Including Loans Outstanding, Interest and Origination Fees

The following table summarizes the activity related to the balances outstanding under our proprietary loan program, including loans outstanding, interest and origination fees, which are not reflected in our condensed consolidated balance sheets:

 

    Six Months Ended  
    March 31,  
    2013     2012  

Balance at beginning of period

   $             42,880          $ 26,863     

Loans extended

    14,336          10,880     

Interest accrued

    1,860          1,314     

Amounts collected and recognized

    (1,018)         (730)    

Amounts written off

    (2,456)         (4,698)    
 

 

 

   

 

 

 

Balance at end of period

   $ 55,602          $             33,629