| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||||
997,137 | 634,185 | 454,851 | 441,088 | 434,437 | 446,041 | 503,600 | 561,979 | 627,434 | 636,732 | 511,961 | 396,275 |
Costs and expenses: | |||||||||||
Instructional and support costs | |||||||||||
530,604 | 371,542 | 268,943 | 242,099 | 234,097 | 236,303 | 310,446 | 300,098 | 292,003 | 269,557 | 218,551 | 130,836 |
Marketing | |||||||||||
- | - | - | 79,025 | 70,084 | 66,495 | 75,426 | 71,864 | 74,293 | 70,270 | 54,967 | 76,162 |
Admissions advisory | |||||||||||
- | - | - | 17,832 | 16,304 | 16,661 | 20,390 | 26,374 | 26,531 | 25,277 | 23,017 | - |
General and administration | |||||||||||
272,411 | 194,035 | 129,332 | 47,873 | 44,254 | 44,835 | 64,637 | 50,056 | 55,464 | 55,857 | 43,072 | 62,426 |
Amortization of Intangible Assets | |||||||||||
61,667 | 25,694 | 0 | - | - | - | - | - | - | - | - | - |
Business Combination, Integration Related Costs | |||||||||||
21,923 | 45,745 | 11,879 | - | - | - | - | - | - | - | - | - |
Fair Value Adjustments | |||||||||||
0 | 19,909 | -7,512 | -3,213 | - | - | - | - | - | - | - | - |
Total costs and expenses | |||||||||||
886,605 | 656,925 | 402,642 | 383,616 | 364,739 | 364,294 | 470,899 | 448,392 | 448,291 | - | - | - |
Operating Income (Loss) | |||||||||||
110,532 | -22,740 | 52,209 | 57,472 | 69,698 | 81,747 | 32,701 | 113,587 | 179,143 | 215,771 | 172,354 | 126,851 |
Other income | |||||||||||
13,192 | 3,601 | 437 | -180 | - | - | - | - | - | - | - | - |
Investment income | |||||||||||
- | - | - | - | 283 | 117 | 2 | 4 | 152 | 1,228 | 1,408 | 4,527 |
Interest expense | |||||||||||
- | - | - | - | 3,850 | 5,248 | 5,419 | 4,616 | 3,773 | 0 | - | - |
Income before income taxes | |||||||||||
123,724 | -19,139 | 52,646 | 57,292 | 66,131 | 76,616 | 27,284 | 108,975 | 175,522 | 216,999 | 173,762 | 131,378 |
Income Tax Expense (Benefit) | |||||||||||
42,586 | -3,468 | 32,034 | 22,490 | 26,108 | 30,260 | 10,859 | 43,045 | 69,478 | 85,739 | 68,684 | 50,570 |
Net Income (Loss) Attributable to Parent | |||||||||||
81,138 | -15,671 | 20,612 | 34,802 | 40,023 | 46,356 | 16,425 | 65,930 | 106,044 | 131,260 | 105,078 | 80,808 |
Earnings per share: | |||||||||||
Basic (dollars per share) | |||||||||||
3.73 | -1.03 | 1.93 | 3.28 | 3.78 | 4.39 | 1.55 | 5.79 | 8.91 | 9.78 | 7.67 | 5.77 |
Diluted (dollars per share) | |||||||||||
3.67 | -1.03 | 1.84 | 3.21 | 3.73 | 4.35 | 1.55 | 5.76 | 8.88 | 9.70 | 7.60 | 5.67 |
Weighted average shares outstanding: | |||||||||||
Basic (in shares) | |||||||||||
21,725 | 15,190 | 10,678 | 10,610 | 10,588 | 10,561 | 10,584 | 11,390 | 11,906 | 13,426 | 13,703 | 14,015 |
Diluted (in shares) | |||||||||||
22,097 | 15,190 | 11,199 | 10,845 | 10,740 | 10,650 | 10,624 | 11,440 | 11,943 | 13,535 | 13,825 | 14,242 |