Lincoln educational services corp (LINC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Total revenues

70,041

73,916

72,594

63,569

63,263

70,113

70,078

61,120

61,889

67,401

67,308

61,865

65,279

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

REVENUE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74,267

68,080

70,644

159,656

54,033

44,739

47,674

-21,533

83,982

76,389

79,202

-40,952

88,527

81,751

86,270

79,917

102,057

97,031

101,158

59,658

123,482

128,224

145,358

167,211

152,795

COSTS AND EXPENSES:
Educational services and facilities

30,238

30,555

33,211

29,749

29,980

31,203

33,488

30,179

30,503

30,229

34,070

32,405

32,709

34,192

37,543

35,569

37,122

81,222

25,000

22,511

22,914

-21,580

42,440

40,688

41,751

-27,859

44,377

42,398

43,573

32,677

49,426

47,181

48,987

25,585

57,419

54,619

59,016

63,304

58,118

Selling, general and administrative

41,148

33,666

37,451

35,913

38,146

33,155

36,087

34,471

37,531

29,402

35,499

35,554

38,324

35,140

37,402

35,750

40,155

72,845

22,718

26,595

29,639

-16,328

41,712

45,071

46,118

-22,051

43,232

45,640

50,020

31,567

50,807

52,281

54,833

23,989

60,732

64,237

67,888

71,532

71,705

Loss on disposition of assets

-1

357

211

0

-1

0

-427

7

-117

4

1,530

63

26

-635

7

6

389

-1,546

-227

-8

43

-3

0

6

55

-

301

196

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill and long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

216

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Gain on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

-

-8

14

30

-

-

-

-

-

-

Impairment of goodwill and long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,315

-

-

-

0

3,815

93

-

0

14,244

-

-

-

-

-

-

-

Loss (gain) on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-30

21

1

11

Impairment of goodwill and long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,377

0

-

-

-

School closing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

-

-

Impairment of goodwill and long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Total costs & expenses

71,387

63,864

70,451

65,662

68,127

64,358

70,002

64,643

68,151

59,627

68,039

67,896

71,007

91,334

74,938

71,313

76,888

155,613

48,161

49,114

52,510

-55,335

123,467

85,753

87,814

-53,592

87,308

91,657

93,675

75,182

100,241

113,692

103,790

47,485

128,525

118,886

126,883

134,835

129,812

OPERATING LOSS

-1,346

10,052

2,143

-2,093

-4,864

5,755

76

-3,523

-6,262

7,774

-731

-6,031

-5,728

-18,766

-671

-3,233

-6,244

4,043

5,872

-4,375

-4,836

33,802

-39,485

-9,364

-8,612

12,640

1,219

-9,906

-7,405

4,735

1,816

-16,661

-2,632

12,173

-5,043

9,338

18,475

32,376

22,983

OTHER:
Interest income

0

1

1

2

4

7

6

8

10

9

7

9

31

14

69

8

64

12

19

12

9

-63

53

16

56

0

20

15

2

0

0

0

2

10

2

2

3

5

19

Interest expense

354

823

754

829

557

679

632

539

572

501

716

699

5,182

1,502

1,497

1,541

1,591

2,901

2,085

1,541

1,488

-700

1,637

1,178

1,316

885

1,088

1,202

1,092

1,063

1,051

1,047

1,314

1,092

1,091

1,094

1,092

-1,088

-1,101

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

1,677

1,678

1,678

1,753

3,370

199

359

223

-149

149

0

0

0

0

18

0

1

3

2

8

0

4

8

6

-7

48

LOSS BEFORE INCOME TAXES

-1,700

9,230

1,390

-2,920

-5,417

5,083

-550

-4,054

-6,824

7,282

-1,440

-6,721

-10,879

-18,577

-421

-3,088

-6,018

4,524

4,005

-5,545

-6,092

34,290

-40,920

-10,526

-9,872

11,755

151

-11,075

-8,495

3,673

768

-17,706

-3,936

11,091

-6,128

8,254

17,392

31,286

21,949

PROVISION FOR INCOME TAXES

50

24

50

144

50

50

50

50

50

-424

50

50

50

50

50

50

50

92

50

50

50

3,240

-5,556

418

419

27,117

74

-4,387

-3,213

3,664

-318

-3,868

-1,760

4,895

-2,202

3,324

7,036

12,405

8,754

(LOSS) INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,955

-5,595

-6,142

31,050

-35,364

-10,944

-10,291

-15,362

77

-6,688

-5,282

9

1,086

-13,838

-2,176

-

-

-

-

-

-

LOSS FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,374

-2,010

-741

-26,412

-2,717

-652

-803

-16,783

-2,353

-2,690

-2,205

-11,948

-2,570

-6,870

-879

-

-

-

-

-

-

NET LOSS

-1,750

9,206

1,340

-3,064

-5,467

5,033

-600

-4,104

-6,874

7,706

-1,490

-6,771

-10,929

-18,627

-471

-3,138

-6,068

8,557

2,581

-7,605

-6,883

4,638

-38,081

-11,596

-11,094

-32,145

-2,276

-9,378

-7,487

-11,939

-1,484

-20,708

-3,055

6,180

-3,926

4,930

10,356

18,881

13,195

Basic
(Loss) income per share from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.17

-0.24

-0.27

1.36

-1.55

-0.48

-0.45

-0.67

0.00

-0.30

-0.24

0.00

0.05

-0.62

-0.10

-

-

-

-

-

-

Loss per share from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.06

-0.09

-0.03

-1.15

-0.12

-0.03

-0.04

-0.76

-0.10

-0.12

-0.09

-0.54

-0.12

-0.31

-0.04

-

-

-

-

-

-

Net loss per common share (in dollars per share)

-0.08

0.37

0.05

-0.12

-0.22

0.20

-0.02

-0.17

-0.28

0.32

-0.06

-0.28

-0.46

-0.80

-0.02

-0.13

-0.26

0.38

0.11

-0.33

-0.30

0.21

-1.67

-0.51

-0.49

-1.43

-0.10

-0.42

-0.33

-0.54

-0.07

-0.93

-0.14

0.29

-0.18

0.22

0.47

0.77

0.51

Diluted
(Loss) income per share from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.17

-0.24

-0.27

1.36

-1.55

-0.48

-0.45

-0.67

0.00

-0.30

-0.24

0.00

0.05

-0.62

-0.10

-

-

-

-

-

-

Loss per share from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.06

-0.09

-0.03

-1.15

-0.12

-0.03

-0.04

-0.76

-0.10

-0.12

-0.09

-0.54

-0.12

-0.31

-0.04

-

-

-

-

-

-

Net loss per common share (in dollars per share)

-0.08

0.37

0.05

-0.12

-0.22

0.20

-0.02

-0.17

-0.28

0.32

-0.06

-0.28

-0.46

-0.80

-0.02

-0.13

-0.26

0.38

0.11

-0.33

-0.30

0.21

-1.67

-0.51

-0.49

-1.43

-0.10

-0.42

-0.33

-0.54

-0.07

-0.93

-0.14

0.29

-0.18

0.22

0.46

0.76

0.50

Weighted average number of common shares outstanding:
Basic (in shares)

24,598

24,563

24,563

24,555

24,534

24,538

24,532

24,485

24,137

24,030

24,023

23,962

23,609

23,515

23,498

23,448

23,351

23,249

23,230

23,131

23,055

22,889

22,843

22,800

22,722

22,614

22,528

22,497

22,413

22,266

22,194

22,183

22,137

22,100

22,045

21,989

21,943

24

25,780

Diluted (in shares)

24,598

24,518

24,607

24,555

24,534

24,538

24,532

24,485

24,137

24,030

24,023

23,962

23,609

23,515

23,498

23,448

23,351

23,210

23,269

23,131

23,055

22,889

22,843

22,800

22,722

22,331

22,811

22,497

22,413

22,180

22,281

22,183

22,137

21,595

22,045

22,561

22,418

24

26,439