| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||
440,411 | 429,390 | 416,548 | 408,244 | 415,623 | 421,890 | 430,043 | 426,123 | 334,643 | 272,295 |
Costs and expenses: | |||||||||
Instructional costs and services | |||||||||
195,081 | 185,995 | 182,883 | 178,338 | 183,757 | 191,947 | 173,404 | 164,309 | - | - |
Instructional costs and services | |||||||||
- | - | - | - | - | - | - | - | 135,286 | 120,347 |
Marketing and promotional | |||||||||
109,394 | 103,458 | 99,629 | 95,500 | 102,198 | 100,809 | 103,973 | 86,400 | 99,632 | 82,733 |
Admissions advisory | |||||||||
29,163 | 29,292 | 28,206 | 27,060 | 27,103 | 30,151 | 31,607 | 37,205 | - | - |
General and administrative | |||||||||
41,714 | 42,438 | 35,498 | 37,061 | 42,688 | 39,600 | 37,790 | 43,208 | 35,803 | 29,113 |
Goodwill and intangible asset impairment charges | |||||||||
14,955 | 0 | 0 | - | - | - | - | - | - | - |
Merger-related costs | |||||||||
3,728 | 0 | 0 | - | - | - | - | - | - | - |
Restructuring charges | |||||||||
1,282 | 0 | 0 | - | - | - | - | - | - | - |
Lease amendment charges | |||||||||
- | - | - | 2,690 | 0 | 0 | - | - | - | - |
Reduction of workforce | |||||||||
- | - | - | - | - | - | 3,167 | 0 | 0 | - |
Total costs and expenses | |||||||||
395,317 | 361,183 | 346,216 | 340,649 | 355,746 | 362,507 | 349,941 | 331,122 | 270,721 | 232,193 |
Operating income (loss) | |||||||||
45,094 | 68,207 | 70,332 | 67,595 | 59,877 | 59,383 | 80,102 | 95,001 | 63,922 | 40,102 |
Other income (expense), net | |||||||||
793 | 177 | -133 | -277 | -179 | -45 | 1,811 | 2,038 | 2,384 | 4,061 |
Income from continuing operations before income taxes | |||||||||
45,887 | 68,384 | 70,199 | 67,318 | 59,698 | 59,338 | 81,913 | 97,039 | 66,306 | 44,163 |
Income tax expense | |||||||||
22,477 | 25,980 | 26,569 | 25,481 | 24,495 | 23,047 | 30,370 | 35,860 | 23,637 | 15,375 |
Income from continuing operations | |||||||||
23,410 | 42,404 | 43,630 | 41,837 | - | - | - | - | - | - |
Income (loss) from discontinued operations, net of tax | |||||||||
95 | 565 | -3,442 | -3,894 | - | - | - | - | - | - |
Net income | |||||||||
- | - | - | - | - | 36,291 | 51,543 | 61,179 | 42,669 | 28,788 |
Net loss attributable to noncontrolling interest | |||||||||
- | - | - | - | - | -186 | -572 | -91 | 0 | 0 |
Net Income | |||||||||
23,505 | 42,969 | 40,188 | 37,943 | 35,203 | 36,477 | 52,115 | 61,270 | 42,669 | 28,788 |
Net income per common share: | |||||||||
Basic net income per share - continuing operations | |||||||||
2.01 | 3.65 | 3.61 | 3.41 | - | - | - | - | - | - |
Basic net income (loss) per share - discontinued operations | |||||||||
0.01 | 0.05 | -0.28 | -0.32 | - | - | - | - | - | - |
Basic net income per common share | |||||||||
2.02 | 3.70 | 3.33 | 3.09 | 2.84 | 2.77 | 3.42 | 3.68 | 2.55 | 1.71 |
Diluted net income per share - continuing operations | |||||||||
1.96 | 3.58 | 3.55 | 3.34 | - | - | - | - | - | - |
Diluted net income (loss) per share - discontinued operations | |||||||||
0.01 | 0.04 | -0.28 | -0.31 | - | - | - | - | - | - |
Diluted net income per common share | |||||||||
1.97 | 3.62 | 3.27 | 3.03 | 2.80 | 2.76 | 3.40 | 3.64 | 2.51 | 1.66 |
Weighted average number of common shares outstanding: | |||||||||
Weighted average shares outstanding - Basic | |||||||||
11,623 | 11,614 | 12,079 | 12,286 | 12,391 | 13,156 | 15,241 | 16,648 | 16,713 | 16,835 |
Weighted average shares outstanding - Diluted | |||||||||
11,950 | 11,856 | 12,301 | 12,535 | 12,566 | 13,220 | 15,314 | 16,848 | 17,030 | 17,322 |
Cash dividends declared per common share | |||||||||
1.66 | 1.58 | 1.50 | 1.42 | 0.35 | 0.00 | 0.00 | - | - | - |