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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income (loss) $ (17,271) $ 60,645
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 7,292 7,420
Provision for doubtful accounts 15,305 10,654
Deferred income taxes (15,384) (4,224)
Excess tax benefit from stock option exercises 0 (805)
Stock-based compensation expense 3,093 4,483
Settlement cost (46,000) 0
Accretion of discount on PEAKS Trust student loans (1,360) 0
Accretion of discount on PEAKS Trust senior debt 652 0
Loss on consolidation of PEAKS Trust 73,248 0
Other 295 (339)
Changes in operating assets and liabilities:    
Restricted cash (1,512) (357)
Accounts receivable (42,685) (17,521)
PEAKS Trust student loans 1,187 0
Accounts payable 409 (1,212)
Other operating assets and liabilities (5,910) 23,636
Deferred revenue (15,272) (46,396)
Net cash flows from operating activities (43,915) 35,984
Cash flows from investing activities:    
Facility expenditures and land purchases (100) (132)
Capital expenditures, net (1,418) (4,518)
Proceeds from sales and maturities of investments and repayment of notes 215 98,955
Purchase of investments and note advances (1,241) (63,545)
Net cash flows from investing activities (2,544) 30,760
Cash flows from financing activities:    
Excess tax benefit from stock option exercises 0 805
Proceeds from exercise of stock options 0 4,668
Debt issue costs 0 (1,525)
Proceeds from revolving borrowings 10,000 175,000
Repayment of revolving borrowings 0 (150,000)
Repurchase of common stock and shares tendered for taxes (368) (147,571)
Net cash flows from financing activities 9,632 (118,623)
Net change in cash and cash equivalents (36,827) (51,879)
Cash and cash equivalents at beginning of period 243,465 223,849
Cash and cash equivalents at end of period $ 206,638 $ 171,970