XML 47 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue $ 329,825 $ 387,877 $ 671,619 $ 771,048
Costs and expenses:        
Cost of educational services 140,940 142,272 275,881 280,198
Student services and administrative expenses 111,467 115,626 217,733 220,209
Total costs and expenses 252,407 257,898 493,614 500,407
Operating income 77,418 129,979 178,005 270,641
Interest income 502 790 1,183 1,625
Interest (expense) (1,254) (507) (1,801) (1,064)
Income before provision for income taxes 76,666 130,262 177,387 271,202
Provision for income taxes 30,664 51,262 70,314 106,816
Net income $ 46,002 $ 79,000 $ 107,073 $ 164,386
Earnings per share:        
Basic $ 1.97 $ 2.88 $ 4.39 $ 5.81
Diluted $ 1.96 $ 2.85 $ 4.36 $ 5.77
Weighted average shares outstanding:        
Basic 23,390 27,474 24,405 28,275
Diluted 23,529 27,719 24,583 28,511