CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 1,688	$ 8,122	$ 12,851	$ 8,729
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	4,816	5,537	16,858	18,507
Provision for doubtful accounts	6,879	16,830	27,754	47,212
Deferred income taxes	(4,170)	23,707	8,253	19,429
Stock-based compensation expense	1,266	2,667	4,526	7,529
Goodwill impairment	5,203	0	5,203	0
Accretion of discount on private education loans	(2,818)	(2,727)	(8,847)	(9,099)
Accretion of discount on long-term debt	386	0	1,162	0
Accretion of discount on PEAKS Trust senior debt	1,455	5,249	4,475	14,090
Accretion of discount on CUSO secured borrowing obligation	201	0	634	0
Provision for private education loan losses	754	4,511	5,311	13,582
(Gain) on consolidation of variable interest entity	0	(16,631)	0	(16,631)
Other	(265)	(250)	(680)	(678)
Changes in operating assets and liabilities, net of acquisition:
Restricted cash	1,261	(468)	365	2,400
Accounts receivable	(4,523)	(16,480)	(24,219)	(15,498)
Private education loans	6,245	4,221	19,490	12,314
Accounts payable	(10,446)	4,561	(4,056)	22,458
Other operating assets and liabilities	11,618	(18,513)	10,404	(28,127)
Deferred revenue	1,742	12,786	(26,165)	(4,614)
Net cash flows from operating activities	21,292	33,122	53,319	91,603
Cash flows from investing activities:
Capital expenditures, net	(3,310)	(1,798)	(5,819)	(4,455)
Acquisition of company	0	(153)	0	(5,186)
Collateralization of letters of credit	0	(109)	60	(109)
Proceeds from repayment of notes	0	100	0	293
Purchases of investments	(1)	(1)	(2)	(2)
Net cash flows from investing activities	(3,311)	(1,961)	(5,761)	(9,459)
Cash flows from financing activities:
Repayment of long-term debt	(3,500)	0	(8,500)	0
Repayment of PEAKS Trust senior debt	(7,525)	(51,706)	(32,551)	(92,776)
Repayment of CUSO secured borrowing obligation	0	0	(10,351)	0
Common shares tendered for taxes	(127)	(184)	(632)	(912)
Net cash flows from financing activities	(11,152)	(51,890)	(52,034)	(93,688)
Net change in cash and cash equivalents	6,829	(20,729)	(4,476)	(11,544)
Cash and cash equivalents at beginning of period	124,632	224,956	135,937	215,771
Cash and cash equivalents at end of period	$ 131,461	$ 204,227	$ 131,461	$ 204,227