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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows provided by operating activities:    
Net income $ 71,291 $ 59,955
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 5,831 5,512
Excess tax benefits from share-based compensation (5,484) (3,361)
Provision for bad debts 7,963 7,412
Depreciation and amortization 21,245 16,387
Deferred income taxes 2,478 (1,077)
Other, including fixed asset impairments (1,682) 872
Changes in assets and liabilities:    
Restricted cash, cash equivalents and investments 4,544 4,144
Accounts receivable (8,745) (7,965)
Prepaid expenses and other 3,721 1,373
Due to/from related parties (492) (2)
Accounts payable (2,386) (1,083)
Accrued liabilities and employee related liabilities 11,973 422
Income taxes receivable/payable 835 (1,214)
Deferred rent (535) (560)
Deferred revenue 9,344 5,541
Student deposits (5,877) (4,689)
Net cash provided by operating activities 114,024 81,667
Cash flows used in investing activities:    
Capital expenditures (115,615) (106,346)
Purchases of land, building and golf course improvements related to off-site development (24,769) (5,557)
Proceeds received from note receivable 501  
Return of equity method investment 1,749  
Purchases of investments (26,025) (25,023)
Proceeds from sale or maturity of investments 57,449 42,274
Net cash used in investing activities (106,710) (94,652)
Cash flows provided by (used in) financing activities:    
Principal payments on notes payable and capital lease obligations (3,831) (3,374)
Proceeds from draw on revolving line of credit 25,000  
Debt issuance costs (194)  
Repurchase of common shares including shares withheld in lieu of income taxes (19,227) (4,230)
Excess tax benefits from share-based compensation 5,484 3,361
Net proceeds from exercise of stock options 6,972 2,700
Net cash provided by (used in) financing activities 14,204 (1,543)
Net increase (decrease) in cash and cash equivalents 21,518 (14,528)
Cash and cash equivalents, beginning of period 23,036 65,238
Cash and cash equivalents, end of period 44,554 50,710
Supplemental disclosure of cash flow information    
Cash paid for interest 481 534
Cash paid for income taxes 40,176 39,986
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment included in accounts payable 19,798 20,623
Purchases of equipment through capital lease obligations   257
Tax benefit of Spirit warrant intangible 127 129
Shortfall tax expense from share-based compensation $ 257 $ 18