| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE: | |||||||||||
Total revenue | |||||||||||
627,704 | 581,296 | 596,435 | 704,392 | 847,273 | 913,964 | 1,017,230 | 1,019,903 | 1,705,581 | 2,069,553 | 1,802,401 | 1,651,114 |
OPERATING EXPENSES: | |||||||||||
Educational services and facilities | |||||||||||
101,944 | 109,897 | 143,344 | 235,100 | 289,777 | 323,259 | 361,067 | 324,493 | 544,708 | 617,421 | 593,398 | 597,219 |
General and administrative | |||||||||||
430,153 | 390,707 | 404,965 | 477,725 | 564,211 | 640,454 | 734,338 | 630,142 | 881,735 | 1,070,691 | 916,715 | 861,264 |
Depreciation and amortization | |||||||||||
9,145 | 9,394 | 13,990 | 22,747 | 24,938 | 53,382 | 62,237 | 48,352 | 76,387 | 68,667 | 64,574 | 70,944 |
Asset impairment | |||||||||||
- | - | - | 1,164 | 60,515 | 36,141 | 21,647 | 86,606 | 191,524 | - | 2,500 | 6,843 |
Total operating expenses | |||||||||||
541,242 | 509,998 | 562,299 | 736,736 | 939,441 | 1,053,236 | 1,179,289 | 1,089,593 | 1,694,354 | 1,827,208 | 1,577,187 | 1,536,270 |
Goodwill and asset impairment | |||||||||||
- | - | - | - | - | - | - | - | - | 70,429 | - | - |
Operating income | |||||||||||
86,462 | 71,298 | 34,136 | -32,344 | -92,168 | -139,272 | -162,059 | -69,690 | 11,227 | 242,345 | 225,214 | 114,844 |
OTHER INCOME: | |||||||||||
Interest income | |||||||||||
6,392 | 3,539 | 1,900 | 1,262 | 794 | 851 | 1,361 | 1,191 | 689 | 1,138 | 2,268 | 13,775 |
Interest expense | |||||||||||
167 | 681 | 451 | 584 | 835 | 491 | 1,354 | 134 | 155 | 381 | 225 | 869 |
Loss on sale of business | |||||||||||
- | - | - | - | -1,793 | - | -6,905 | - | - | - | - | - |
Share of affiliate earnings | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 4,665 |
Miscellaneous (expense) income | |||||||||||
335 | 196 | 665 | 300 | -436 | 86 | 134 | -156 | 1,985 | -484 | -788 | 2,049 |
Total other income | |||||||||||
6,560 | 3,054 | 2,114 | 978 | -2,270 | 446 | -6,764 | 901 | 2,519 | 273 | 1,255 | 19,620 |
PRETAX INCOME | |||||||||||
93,000 | 74,400 | 36,300 | -31,366 | -94,438 | -138,826 | -168,823 | -68,789 | 13,746 | 242,618 | 226,469 | 134,464 |
Provision for income taxes | |||||||||||
22,428 | 18,561 | 67,125 | -16,550 | -147,454 | 3,736 | 456 | -3,948 | 42,457 | 78,948 | 79,604 | 40,634 |
INCOME FROM CONTINUING OPERATIONS | |||||||||||
70,594 | 55,791 | -30,875 | -14,816 | 53,016 | -142,562 | -169,279 | -64,841 | -28,711 | 163,670 | 146,865 | 93,830 |
LOSS FROM DISCONTINUED OPERATIONS, net of tax | |||||||||||
-612 | -610 | -1,022 | -3,896 | -1,131 | -35,601 | 5,016 | -77,955 | 47,284 | -5,897 | -65,646 | -33,688 |
NET INCOME | |||||||||||
69,982 | 55,181 | -31,897 | -18,712 | 51,885 | -178,163 | -164,263 | -142,796 | 18,573 | 157,773 | 81,219 | 60,142 |
OTHER COMPREHENSIVE (LOSS) INCOME, net of tax: | |||||||||||
Foreign currency translation adjustments | |||||||||||
-41 | -100 | 288 | -77 | - | - | 4,295 | 503 | -5,015 | -8,577 | - | - |
Unrealized (loss) gain on investments | |||||||||||
683 | -34 | -194 | 699 | -27 | -350 | -13 | -152 | -40 | 88 | - | - |
Total other comprehensive (loss) income | |||||||||||
642 | -134 | 94 | 622 | -27 | -350 | 4,282 | 351 | -5,055 | -8,489 | - | - |
COMPREHENSIVE INCOME | |||||||||||
70,624 | 55,047 | -31,803 | -18,090 | 51,858 | -178,513 | -159,981 | -142,445 | 13,518 | 149,284 | - | - |
NET INCOME (LOSS) PER SHARE - BASIC: | |||||||||||
Income from continuing operations | |||||||||||
1.01 | 0.80 | -0.45 | -0.22 | - | - | -2.54 | - | - | 2.05 | 1.71 | 1.04 |
Loss from discontinued operations | |||||||||||
-0.01 | -0.01 | -0.01 | -0.05 | - | - | 0.08 | - | - | -0.08 | -0.76 | -0.37 |
Net income per share | |||||||||||
1.00 | 0.79 | -0.46 | -0.27 | - | - | -2.46 | - | - | 1.97 | 0.95 | 0.67 |
NET INCOME (LOSS) PER SHARE - DILUTED: | |||||||||||
Income from continuing operations | |||||||||||
0.98 | 0.78 | -0.45 | -0.22 | - | - | -2.54 | - | - | 2.02 | 1.70 | 1.04 |
Loss from discontinued operations | |||||||||||
-0.01 | -0.01 | -0.01 | -0.05 | - | - | 0.08 | - | - | -0.07 | -0.76 | -0.37 |
Net income per share | |||||||||||
0.97 | 0.77 | -0.46 | -0.27 | - | - | -2.46 | - | - | 1.95 | 0.94 | 0.67 |
NET (LOSS) INCOME PER SHARE - BASIC and DILUTED: | |||||||||||
(Loss) income from continuing operations | |||||||||||
- | - | - | - | 0.78 | -2.12 | - | -0.98 | -0.39 | - | - | - |
Loss from discontinued operations | |||||||||||
- | - | - | - | -0.02 | -0.53 | - | -1.17 | 0.64 | - | - | - |
Net (loss) income per share | |||||||||||
- | - | - | - | 0.76 | -2.65 | - | -2.15 | 0.25 | - | - | - |
WEIGHTED AVERAGE SHARES OUTSTANDING: | |||||||||||
Basic | |||||||||||
70,088 | 69,598 | 68,949 | 68,373 | 67,860 | 67,173 | 66,738 | - | - | 79,902 | 85,838 | 89,810 |
Diluted | |||||||||||
72,085 | 71,482 | 68,949 | 68,373 | 68,328 | 67,173 | 66,738 | - | - | 80,850 | 86,418 | 90,089 |
Basic and Diluted | |||||||||||
- | - | - | - | - | - | - | 66,475 | 74,498 | - | - | - |
Tuition and Fees [Member] | |||||||||||
Total revenue | |||||||||||
625,056 | 578,545 | 593,849 | 700,525 | 842,062 | 905,482 | 1,004,091 | 1,005,753 | 1,650,050 | 1,990,139 | 1,729,496 | 1,584,474 |
Other [Member] | |||||||||||
Total revenue | |||||||||||
2,648 | 2,751 | 2,586 | 3,867 | 5,211 | 8,482 | 13,139 | 14,150 | 55,531 | 79,414 | 72,905 | 66,640 |