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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income (loss) $ (33,682) $ 3,649
Depreciation and amortization 7,682 8,859
Amortization of assets subject to financing obligation 1,341 931
Amortization of held-to-maturity investments 336 931
Bad debt expense 752 307
Stock-based compensation 2,286 2,198
Deferred income taxes 27,928 2,214
Equity in earnings of unconsolidated affiliates (239) (254)
Training equipment credits earned, net (348) (697)
(Gain) loss on disposal of property and equipment 100 (41)
Changes in assets and liabilities:    
Restricted cash: Title IV credit balances 34 242
Receivables 9,000 2,616
Prepaid expenses and other current assets (957) (214)
Other assets (68) (640)
Accounts payable and accrued expenses (6,135) (742)
Deferred revenue (5,263) (5,685)
Income tax payable/receivable (4,648) (5,005)
Accrued tool sets and other current liabilities (184) (150)
Deferred rent liability (910) 58
Other liabilities 490 158
Net cash (used in) provided by operating activities (2,485) 8,735
Cash flows from investing activities:    
Purchase of property and equipment (4,905) (16,215)
Proceeds from disposal of property and equipment 0 3
Purchase of investments 0 (24,425)
Proceeds received upon maturity of investments 19,320 22,407
Acquisitions (1,500) 0
Investment in unconsolidated affiliates (1,000) 0
Capitalized costs for intangible assets (250) 0
Return of capital contribution from unconsolidated affiliate 240 228
Restricted cash: proprietary loan program 3,393 (1,950)
Net cash provided by (used in) investing activities 15,298 (19,952)
Cash flows from financing activities:    
Payment of cash dividend (1,457) (4,896)
Payments of financing obligation (354) (350)
Payment of payroll taxes on stock-based compensation through shares withheld (7) (36)
Purchase of treasury stock 0 6,119
Net cash used in financing activities (1,818) (11,401)
Net increase (decrease) in cash and cash equivalents 10,995 (22,618)
Cash and cash equivalents, beginning of period 29,438 38,985
Cash and cash equivalents, end of period 40,433 16,367
Supplemental disclosure of cash flow information:    
Taxes paid 1,443 6,662
Interest Paid 1,725 1,121
Training equipment obtained in exchange for services 1,553 220
Depreciation on training equipment obtained in exchange for services 602 600
Change in accrued capital expenditures during the period (1,509) (890)
Construction period construction liability - construction in progress 0 6,172
Construction period financing obligation - building $ 0 $ (4,825)