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Supplemental Quarterly Information
 12 Months Ended
Jun. 30, 2012
Supplemental Quarterly Information [Abstract]  
Supplemental Quarterly Information
SUPPLEMENTAL QUARTERLY INFORMATION (Unaudited)

The Company’s quarterly net revenues and income fluctuate primarily as a result of the pattern of student enrollments. The seasonality of the Company’s business has decreased over the last several years due to an increased percentage of students enrolling in online programs, which generally experience less seasonal fluctuations than campus-based programs. The Company’s first fiscal quarter is typically its lowest revenue recognition quarter due to student vacations.
The following table sets forth our quarterly results for fiscal years ended June 30, 2012, 2011 and 2010 (In thousands except per share data):


 
Quarter Ended
 
September 30
December 31
March 31
June 30
Fiscal 2012:
 
 
 
 
Revenue
$
682,095

$
737,188

$
702,499

$
639,185

(Loss) income before income taxes
$
44,115

$
103,291

$
(442,340
)
$
(1,234,550
)
Net (loss) income
$
26,954

$
63,127

$
(417,116
)
$
(1,188,706
)
Diluted EPS
$
0.21

$
0.49

$
(3.31
)
$
(9.51
)
 
 
 
 
 
Fiscal 2011:
 
 
 
 
Revenue
$
666,032

$
771,866

$
754,340

$
695,391

Income before income taxes
$
59,220

$
138,432

$
113,457

$
58,103

Net income
$
36,448

$
85,278

$
72,983

$
34,799

Diluted EPS
$
0.25

$
0.61

$
0.53

$
0.26

 
 
 
 
 
Fiscal 2010:
 
 
 
 
Revenue
$
534,399

$
655,469

$
667,896

$
650,757

Income before income taxes
$
25,423

$
34,540

$
109,252

$
80,932

Net income
$
15,762

$
20,274

$
84,570

$
47,900

Diluted EPS
$
0.13

$
0.14

$
0.59

$
0.33