| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||||
Operating activities | ||||||||||||
Net Income (Loss) Attributable to Parent | ||||||||||||
10,013 | 25,639 | 21,121 | 24,155 | 32,414 | 40,877 | 42,034 | 42,323 | 40,757 | 29,868 | 23,943 | 16,187 | 8,750 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Increase in allowance for bad debt | ||||||||||||
- | - | - | - | - | - | - | - | 3,946 | 154 | 359 | 152 | 121 |
Depreciation, Depletion and Amortization, Nonproduction | ||||||||||||
15,596 | 17,501 | 18,776 | 19,384 | 20,520 | 16,121 | 13,508 | 11,146 | 9,239 | 6,502 | 5,231 | 4,235 | 2,825 |
Stock-based compensation | ||||||||||||
5,960 | 7,180 | 6,246 | 5,211 | 5,912 | 5,369 | 4,024 | 3,818 | 3,189 | 2,805 | 2,223 | 1,674 | 1,033 |
Equity investment loss | ||||||||||||
-1,464 | -515 | -2,430 | 703 | 90 | -166 | -67 | -86 | - | - | - | - | - |
Deferred income taxes | ||||||||||||
-1,973 | -917 | -2,494 | -455 | -160 | 2,494 | 2,018 | 161 | -867 | 1,811 | 722 | 1,295 | 618 |
Stock issued for director compensation | ||||||||||||
- | - | - | - | - | - | 104 | 116 | 139 | 174 | 186 | 196 | - |
Loss on disposals of long-lived assets | ||||||||||||
-556 | -882 | -2,093 | -5,970 | -817 | -115 | -62 | -91 | -44 | -129 | -5 | - | - |
Loss on assets held for sale | ||||||||||||
- | - | - | - | - | 0 | - | - | - | - | - | - | - |
Impairment of goodwill | ||||||||||||
7,336 | 0 | 0 | 4,735 | 0 | 0 | - | - | - | - | - | - | - |
Other | ||||||||||||
-145 | -302 | -353 | -329 | 133 | 90 | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable, net of allowance for bad debt | ||||||||||||
-2,734 | 6,923 | 187 | -968 | 1,787 | -3,390 | -2,720 | 929 | 3,176 | 1,759 | 2,835 | 1,443 | -430 |
Prepaid expenses | ||||||||||||
1,149 | 560 | -571 | -1,102 | -64 | 512 | 1,262 | -1,080 | 1,112 | 1,312 | 837 | 560 | 739 |
Income tax receivable/payable | ||||||||||||
859 | 898 | 0 | 0 | -2,029 | -1,186 | -1,738 | 3,350 | 823 | -83 | -443 | 217 | 410 |
Operating leases, net | ||||||||||||
-120 | - | - | - | - | - | - | - | - | - | - | - | - |
Other assets | ||||||||||||
-550 | -71 | 653 | 105 | - | - | - | - | - | - | - | - | - |
Accounts payable | ||||||||||||
-5,564 | 266 | 1,991 | 589 | -4,765 | -534 | -5,903 | 933 | 6,896 | 2,666 | 1,810 | 2,474 | 969 |
Accrued compensation and benefits | ||||||||||||
653 | 3,298 | -1,455 | 3,327 | - | - | - | - | - | - | - | - | - |
Accrued liabilities | ||||||||||||
3,672 | 875 | -740 | -3,751 | 56 | -6,708 | 5,047 | -2,444 | 5,137 | 1,346 | 928 | 2,752 | 561 |
Income tax payable | ||||||||||||
0 | -1,710 | 1,151 | -123 | 682 | 0 | - | 0 | - | - | - | - | - |
Deferred revenue and student deposits | ||||||||||||
-884 | -1,342 | -1,265 | -4,619 | 1,453 | -1,024 | -4,743 | -107 | 7,069 | 4,611 | 4,578 | 3,012 | 2,763 |
Accrued bonus | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 596 |
Net cash provided by operating activities | ||||||||||||
38,370 | 44,179 | 47,938 | 56,014 | 57,012 | 61,030 | 59,414 | 52,924 | 70,438 | 47,078 | 36,756 | 29,757 | 17,517 |
Investing activities | ||||||||||||
Investing activities | ||||||||||||
Payments to Acquire Property, Plant, and Equipment | ||||||||||||
7,255 | 9,430 | 14,788 | 16,399 | 26,002 | 24,596 | 20,649 | 35,014 | 24,925 | 22,454 | 10,758 | 10,009 | 6,827 |
Notes receivable | ||||||||||||
- | - | - | - | - | -6,000 | 0 | 6,000 | - | - | - | - | - |
Acquisition, net of cash acquired | ||||||||||||
- | - | - | - | - | - | 44,356 | - | - | - | - | - | - |
Capitalized program development costs and other assets | ||||||||||||
- | - | - | - | 1,265 | 1,075 | 244 | 328 | 307 | 573 | 1,037 | -896 | 347 |
Proceeds from the sale of real property | ||||||||||||
0 | 0 | 1,493 | 844 | 0 | 0 | - | - | - | - | - | - | - |
Equity investments | ||||||||||||
0 | 0 | 300 | 950 | 3,871 | 1,620 | 4,000 | 6,750 | - | - | - | - | - |
Dividend received from equity investment | ||||||||||||
- | - | - | 2,957 | 0 | 0 | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||||
-7,255 | -9,430 | -13,595 | -13,548 | -31,138 | -21,291 | -69,249 | -48,092 | -25,232 | -23,027 | -11,795 | -10,905 | -7,174 |
Financing activities | ||||||||||||
Financing activities | ||||||||||||
Cash paid for repurchase of common stock | ||||||||||||
40,506 | 1,823 | 1,587 | 848 | 35,310 | 19,711 | 14,423 | 15,861 | 9,745 | 20,240 | 220 | 295 | 55 |
Payments on long-term debt | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 1,973 |
Cash received from issuance of common stock | ||||||||||||
0 | 0 | 98 | 119 | 55 | 536 | 3,312 | 4,058 | 910 | 1,121 | 640 | 770 | 99,936 |
Cash distributed to shareholders from public offering proceeds | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 93,750 |
Excess tax expense from stock-based compensation | ||||||||||||
- | - | - | -1,120 | -519 | 250 | 865 | 2,866 | 1,283 | 1,554 | 1,771 | 1,436 | 772 |
Net cash used in financing activities | ||||||||||||
-40,506 | -1,823 | -1,489 | -1,849 | -35,774 | -18,925 | -10,246 | -8,937 | -7,552 | -17,565 | 2,191 | 1,911 | 4,930 |
Net (decrease) increase in cash, cash equivalents, and restricted cash | ||||||||||||
-9,391 | 32,926 | 32,854 | 40,617 | -9,900 | 20,814 | -20,081 | -4,105 | 37,654 | 6,486 | 27,152 | 20,763 | 15,273 |
Supplemental disclosure of cash flow information | ||||||||||||
Income taxes paid | ||||||||||||
8,019 | 12,712 | 12,836 | 16,637 | 18,037 | 21,631 | 21,014 | 26,851 | 22,619 | 16,819 | 12,932 | 8,023 | 5,849 |
Interest paid | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 56 |