| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||
175,479 | 163,178 | 153,798 | 135,461 | 122,234 | 115,095 | 106,963 | 97,423 | 92,288 | 86,678 | 70,250 | 64,995 | 64,829 | 57,350 | 51,960 | 49,110 | 47,444 | 43,252 | 37,092 | 35,238 | 34,612 | 30,756 | 28,407 | 24,744 | 26,332 | 24,803 | 20,499 | 18,691 | 19,134 |
Costs and expenses | ||||||||||||||||||||||||||||
Curriculum and teaching | ||||||||||||||||||||||||||||
20,478 | 21,925 | 21,336 | 13,308 | 6,701 | 6,625 | 6,351 | 6,007 | 4,307 | 4,817 | 1,792 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Servicing and support | ||||||||||||||||||||||||||||
30,533 | 27,372 | 27,351 | 23,993 | 20,174 | 18,087 | 16,586 | 17,297 | 15,233 | 13,445 | 12,939 | 13,458 | 10,925 | 10,859 | 10,351 | 10,260 | 9,512 | 8,749 | 7,845 | 7,903 | 7,550 | 7,012 | 6,598 | 7,000 | 6,248 | 6,202 | 5,842 | 5,656 | 5,018 |
Technology and content development | ||||||||||||||||||||||||||||
35,510 | 35,504 | 34,132 | 26,043 | 19,794 | 18,376 | 16,361 | 15,235 | 13,840 | 12,846 | 12,735 | 11,140 | 9,205 | 8,496 | 8,670 | 8,842 | 7,275 | 7,529 | 7,082 | 6,466 | 6,134 | 5,403 | 5,726 | 5,818 | 5,674 | 6,528 | 5,113 | 4,596 | 3,235 |
Marketing and sales | ||||||||||||||||||||||||||||
99,215 | 82,164 | 93,521 | 89,749 | 76,961 | 49,033 | 60,548 | 58,376 | 53,058 | 37,700 | 41,311 | 37,242 | 34,670 | 27,306 | 28,165 | 27,483 | 23,656 | 20,231 | 21,567 | 21,526 | 19,587 | 16,296 | 16,971 | 16,710 | 15,241 | 13,226 | 15,412 | 13,695 | 11,770 |
General and administrative | ||||||||||||||||||||||||||||
43,653 | 37,549 | 42,040 | 28,408 | 23,023 | 19,666 | 18,974 | 22,480 | 21,869 | 17,844 | 17,227 | 13,930 | 13,664 | 13,061 | 11,569 | 10,944 | 10,447 | 10,064 | 8,477 | 8,871 | 6,711 | 5,973 | 6,303 | 5,708 | 5,436 | 4,046 | 4,269 | 3,654 | 2,871 |
Total costs and expenses | ||||||||||||||||||||||||||||
229,389 | 204,514 | 288,759 | 181,501 | 146,653 | 111,787 | 118,820 | 119,395 | 108,307 | 86,652 | 86,004 | 75,770 | 68,464 | 59,722 | 58,755 | 57,529 | 50,890 | 46,573 | 44,971 | 44,766 | 39,982 | 34,684 | 35,598 | 35,236 | 32,599 | 30,002 | 30,636 | 27,601 | 22,894 |
Loss from operations | ||||||||||||||||||||||||||||
-53,910 | -41,336 | -134,961 | -46,040 | -24,419 | 3,308 | -11,857 | -21,972 | -16,019 | 26 | -15,754 | -10,775 | -3,635 | -2,372 | -6,795 | -8,419 | -3,446 | -3,321 | -7,879 | -9,528 | -5,370 | -3,928 | -7,191 | -10,492 | -6,267 | -5,199 | -10,137 | -8,910 | -3,760 |
Interest income | ||||||||||||||||||||||||||||
513 | 713 | 924 | 1,814 | 2,349 | 2,120 | 1,799 | 912 | 342 | 104 | 18 | 53 | 196 | 163 | 37 | 91 | 92 | 94 | 21 | 24 | 28 | 30 | 30 | 31 | 1 | 5 | 5 | 10 | 6 |
Interest Expense | ||||||||||||||||||||||||||||
5,493 | 5,289 | 5,651 | 2,424 | 55 | 27 | 27 | 27 | 27 | 50 | 36 | 1 | 0 | 0 | 0 | 9 | 26 | -173 | -127 | -126 | -126 | -119 | -176 | -134 | -784 | -15 | 1 | -5 | -8 |
Other expense, net | ||||||||||||||||||||||||||||
-2,271 | 386 | -710 | -13 | -370 | -229 | -273 | -825 | -395 | 106 | 59 | -1,031 | 0 | - | - | - | - | - | 250 | - | - | - | - | - | - | - | - | - | - |
Total other income (expense) | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 163 | - | - | - | -79 | -356 | -102 | -98 | -89 | -146 | -103 | -783 | 20 | 4 | 15 | 14 |
Loss before income taxes | ||||||||||||||||||||||||||||
-61,161 | -45,526 | -140,398 | -46,663 | -22,495 | 5,172 | -10,358 | -21,912 | -16,099 | 186 | -15,713 | -11,754 | -3,439 | -2,209 | -6,758 | -8,337 | -3,380 | - | - | - | - | - | - | - | - | - | - | - | - |
Income tax benefit | ||||||||||||||||||||||||||||
-1,055 | -942 | 714 | -18,691 | -941 | 340 | -414 | -3,565 | -1,228 | -323 | -974 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net loss | ||||||||||||||||||||||||||||
-60,106 | -44,584 | -141,112 | -27,972 | -21,554 | 4,832 | -9,944 | -18,347 | -14,871 | 509 | -14,739 | -11,754 | -3,439 | -2,209 | -6,758 | -8,337 | -3,380 | -3,400 | -8,235 | -9,630 | -5,468 | -4,017 | -7,337 | -10,595 | -7,050 | -5,179 | -10,133 | -8,895 | -3,746 |
Net loss per share, basic and diluted (in dollars per share) | ||||||||||||||||||||||||||||
-0.94 | -0.69 | -2.31 | -0.46 | -0.37 | - | - | - | - | - | - | - | - | -0.05 | -0.14 | -0.18 | -0.07 | -0.07 | -0.20 | -0.23 | -0.13 | -0.10 | -0.18 | -0.27 | -0.92 | -0.69 | -1.37 | -1.20 | -0.51 |
Weighted Average Number of Shares Outstanding, Basic and Diluted | ||||||||||||||||||||||||||||
63,626 | 63,503 | 63,403 | 60,529 | 58,138 | - | - | - | - | - | - | - | - | 47,075 | 46,903 | 46,494 | 45,953 | 45,651 | 41,645 | 41,362 | 40,978 | 40,577 | 40,269 | 39,304 | 7,698 | 7,528 | 7,415 | 7,398 | 7,386 |
Other comprehensive loss | ||||||||||||||||||||||||||||
Foreign currency translation adjustments, net of tax of $0 for all periods presented | ||||||||||||||||||||||||||||
-16,115 | 5,695 | -5,856 | 2,243 | -372 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Comprehensive loss | ||||||||||||||||||||||||||||
-76,221 | -38,889 | -146,968 | -25,729 | -21,926 | - | - | - | - | - | - | - | - | - | -6,758 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |