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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Revenue $ 238,096 $ 260,459 $ 476,019 $ 545,521
Costs and expenses:        
Cost of educational services 116,276 123,541 236,391 247,717
Student services and administrative expenses 97,547 98,335 196,785 200,056
Legal and professional fees related to certain lawsuits, investigations and accounting matters 8,380 213 13,927 1,713
Loss related to loan program guarantees 0 0 0 3,803
Provision for PEAKS Trust student loan losses 9,071 4,319 9,071 4,319
Total costs and expenses 231,274 226,408 456,174 457,608
Operating income 6,822 34,051 19,845 87,913
(Loss) on consolidation of PEAKS Trust 0 0 0 (73,248)
Interest income 15 25 34 59
Interest (expense) (7,211) (7,369) (19,023) (10,943)
Income (loss) before provision for income taxes (374) 26,707 856 3,781
Provision (benefit) for income taxes (222) 6,503 249 849
Net income (loss) $ (152) $ 20,204 $ 607 $ 2,932
Earnings (loss) per share:        
Basic $ (0.01) $ 0.86 $ 0.03 $ 0.13
Diluted $ (0.01) $ 0.86 $ 0.03 $ 0.12
Weighted average shares outstanding:        
Basic 23,459 23,414 23,453 23,406
Diluted 23,459 23,550 23,651 23,516