XML 35 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Jun. 30, 2013
Dec. 31, 2012
Current assets:      
Cash and cash equivalents $ 60,790 $ 130,695 $ 189,042
Restricted cash 270,272 271,340 273,425
Total cash, cash equivalents and restricted cash 331,062 402,035 462,467
Student receivables, net of allowances of $180,355, $174,760 and $175,407 (Note 6) 163,741 206,406 156,294
Notes, advances and other receivables 37,639 32,547 16,532
Deferred income taxes 76,927 76,927 102,668
Prepaid income taxes 35,379 20,854 0
Other current assets 34,709 32,850 48,107
Total current assets 679,457 771,619 786,068
Property and equipment, net (Note 4) 477,222 525,625 562,184
Goodwill (Note 5) 669,090 669,090 963,550
Intangible assets, net (Note 5) 299,979 300,435 329,361
Other long-term assets (Note 6) 54,340 48,524 52,655
Total assets 2,180,088 [1] 2,315,293 [1] 2,693,818 [1]
Current liabilities:      
Current portion of long-term debt (Note 8) 11,901 12,076 12,076
Revolving credit facility (Note 8) 0 75,000 0
Accounts payable 58,413 32,559 38,161
Accrued liabilities (Note 7) 154,758 157,417 136,613
Accrued income taxes 0 0 10,525
Unearned tuition 50,956 113,371 55,038
Advance payments 83,361 95,675 116,569
Total current liabilities 359,389 486,098 368,982
Long-term debt, less current portion (Note 8) 1,272,387 1,273,164 1,447,699
Deferred rent 189,173 201,202 212,085
Deferred income taxes 72,122 70,316 99,845
Other long-term liabilities 30,772 34,414 41,599
Shareholders’ equity:      
Common stock, at par 1,450 1,435 1,435
Additional paid-in capital 1,809,769 1,794,846 1,785,413
Treasury stock, at cost (331,782) (328,605) (328,605)
Accumulated deficit (1,212,362) (1,203,936) (917,909)
Accumulated other comprehensive loss (10,830) (13,641) (16,726)
Total shareholders’ equity 256,245 250,099 523,608
Total liabilities and shareholders’ equity $ 2,180,088 $ 2,315,293 $ 2,693,818
[1] Excludes inter-company activity.