The following table sets forth the effect of the restatement on the affected line items on our Condensed Consolidated Balance Sheet as of June 30, 2014:


	As of June 30, 2014
	As Previously Reported		Interest Method Adjustment			As Restated
Condensed Consolidated Balance Sheet Data:
Deferred income taxes	$	78,218	$	2,268		$	80,486
Total assets		776,219		2,268			778,487
Other current liabilities		46,233		(184	)		46,049
Total current liabilities		459,278		(184	)		459,094
PEAKS Trust senior debt, excluding current portion		58,442		5,859			64,301
Total liabilities		656,081		5,675			661,756
Retained earnings		944,431		(3,407	)		941,024
Total shareholders’ equity		120,138		(3,407	)		116,731
Total liabilities and shareholders’ equity		776,219		2,268			778,487

The following table sets forth the effect of the restatement on the affected line items on our Condensed Consolidated Statement of Income for the three months ended June 30, 2014:


	Three Months Ended June 30, 2014
	As Previously Reported			Interest Method Adjustment			As Restated
Condensed Consolidated Statement of Income Data:
Revenue	$	238,096		$	0		$	238,096
Costs and expenses:
Cost of educational services		116,276			0			116,276
Student services and administrative expenses		97,547			0			97,547
Legal and professional fees related to certain lawsuits, investigations and accounting matters		8,380			0			8,380
Provision for PEAKS Trust student loan losses		9,071			0			9,071

Total costs and expenses		231,274			0			231,274

Operating income		6,822			0			6,822
(Loss) on consolidation of PEAKS Trust		0			0			0
Interest income		15			0			15
Interest (expense)		(6,263	)		(948	)		(7,211	)

Income (loss) before provision for income taxes		574			(948	)		(374	)
Provision (benefit) for income taxes		182			(404	)		(222	)

Net income (loss)	$	392		$	(544	)	$	(152	)

Earnings (loss) per share:
Basic	$	0.02		$	(0.03	)	$	(0.01	)
Diluted	$	0.02		$	(0.03	)	$	(0.01	)
Weighted average shares outstanding:
Basic		23,459			0			23,459
Diluted		23,785			(326	)		23,459

The following table sets forth the effect of the restatement on the affected line items on our Condensed Consolidated Statement of Income for the six months ended June 30, 2014:


	Six Months Ended June 30, 2014
	As Previously Reported			Interest Method Adjustment			As Restated
Condensed Consolidated Statement of Income Data:
Revenue	$	476,019		$	0		$	476,019
Costs and expenses:
Cost of educational services		236,391			0			236,391
Student services and administrative expenses		196,785			0			196,785
Legal and professional fees related to certain lawsuits, investigations and accounting matters		13,927			0			13,927
Provision for PEAKS Trust student loan losses		9,071			0			9,071

Total costs and expenses		456,174			0			456,174

Operating income		19,845			0			19,845
(Loss) on consolidation of PEAKS Trust		0			0			0
Interest income		34			0			34
Interest (expense)		(13,164	)		(5,859	)		(19,023	)

Income (loss) before provision for income taxes		6,715			(5,859	)		856
Provision (benefit) for income taxes		2,701			(2,452	)		249

Net income (loss)	$	4,014		$	(3,407	)	$	607

Earnings (loss) per share:
Basic	$	0.17		$	(0.14	)	$	0.03
Diluted	$	0.17		$	(0.14	)	$	0.03
Weighted average shares outstanding:
Basic		23,453			0			23,453
Diluted		23,815			(164	)		23,651

The following table sets forth the effect of the restatement on the affected line items in our Condensed Consolidated Statement of Comprehensive Income for the three months ended June 30, 2014:


	Three Months Ended June 30, 2014
	As Previously Reported		Interest Method Adjustment			As Restated
Condensed Consolidated Statement of Comprehensive Income Data:
Net income (loss)	$	392	$	(544	)	$	(152	)
Comprehensive income (loss)		154		(544	)	$	(390	)

The following table sets forth the effect of the restatement on the affected line items in our Condensed Consolidated Statement of Comprehensive Income for the six months ended June 30, 2014:


	Six Months Ended June 30, 2014
	As Previously Reported		Interest Method Adjustment			As Restated
Condensed Consolidated Statement of Comprehensive Income Data:
Net income (loss)	$	4,014	$	(3,407	)	$	607
Comprehensive income (loss)		3,538		(3,407	)		131

The following table sets forth the effect of the restatement on the affected line items in our Condensed Consolidated Statement of Cash Flows for the three months ended June 30, 2014:


	Three Months Ended June 30, 2014
	As Previously Reported			Interest Method Adjustment			As Restated
Condensed Consolidated Statement of Cash Flows Data:
Net income (loss)	$	392		$	(544	)	$	(152	)
Deferred income taxes		(1,594	)		(367	)		(1,961	)
Accretion of discount on PEAKS Trust senior debt		1,441			948			2,389
Other operating assets and liabilities		(5,545	)		(37	)		(5,582	)
Net cash flows from operating activities		21,563			0			21,563

The following table sets forth the effect of the restatement on the affected line items in our Condensed Consolidated Statement of Cash Flows for the six months ended June 30, 2014:


	Six Months Ended June 30, 2014
	As Previously Reported			Interest Method Adjustment			As Restated
Condensed Consolidated Statement of Cash Flows Data:
Net income (loss)	$	4,014		$	(3,407	)	$	607
Deferred income taxes		(2,010	)		(2,268	)		(4,278	)
Accretion of discount on PEAKS Trust senior debt		2,982			5,859			8,841
Other operating assets and liabilities		(9,430	)		(184	)		(9,614	)
Net cash flows from operating activities		58,481			0			58,481

The following table sets forth the effect of the restatement on the affected line items in our Condensed Consolidated Statement of Shareholders’ Equity for the six months ended June 30, 2014:


	Six Months Ended June 30, 2014
	As Previously Reported		Interest Method Adjustment			As Restated
Condensed Consolidated Statement of Shareholders’ Equity Data – Retained Earnings:
Net income (loss)	$	4,014	$	(3,407	)	$	607
Balance as of June 30, 2014		944,431		(3,407	)		941,024