|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 207,003 |
$ 212,526 |
| Restricted cash |
25,934 |
36,946 |
| Investments |
12,051 |
65,901 |
| Accounts receivable, net |
21,274 |
22,953 |
| Student loans receivable, net |
1,003 |
1,043 |
| Deferred income taxes |
21,301 |
16,683 |
| Prepaid expenses and other current assets |
22,818 |
21,563 |
| Total current assets |
311,384 |
377,615 |
| Property and equipment, net |
78,219 |
91,425 |
| Investments |
111,557 |
41,062 |
| Student loans receivable, net |
9,510 |
11,785 |
| Goodwill and intangibles, net |
24,775 |
26,878 |
| Deferred income taxes |
20,175 |
18,507 |
| Other long-term assets |
2,475 |
2,740 |
| Total assets |
558,095 |
570,012 |
| Current liabilities: |
|
|
| Accounts payable |
1,013 |
5,195 |
| Accrued liabilities |
51,403 |
54,290 |
| Deferred revenue and student deposits |
108,048 |
132,791 |
| Total current liabilities |
160,464 |
192,276 |
| Rent liability |
22,098 |
23,927 |
| Other long-term liabilities |
9,652 |
9,271 |
| Total liabilities |
192,214 |
225,474 |
| Commitments and contingencies (see Note 20) |
|
|
| Preferred stock, $0.01 par value: |
|
|
| 20,000 shares authorized; zero shares issued and outstanding at both December 31, 2014, and December 31, 2013 |
0 |
0 |
| Common stock, $0.01 par value: |
|
|
| 300,000 shares authorized; 62,957 issued and 45,400 outstanding at December 31, 2014; 62,331 issued and 44,774 outstanding at December 31, 2013 |
630 |
623 |
| Additional paid-in capital |
180,720 |
168,829 |
| Retained earnings |
521,775 |
512,107 |
| Accumulated other comprehensive gain |
(175) |
48 |
| Treasury stock, 17,557 shares at cost at both December 31, 2014, and December 31, 2013 |
(337,069) |
(337,069) |
| Total stockholders' equity |
365,881 |
344,538 |
| Total liabilities and stockholders' equity |
$ 558,095 |
$ 570,012 |