| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income (loss) | ||||||||||
-7,868 | -32,682 | -8,128 | -47,696 | -9,149 | 2,037 | 3,901 | 9,032 | 26,897 | 28,566 | 11,733 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
13,222 | 13,006 | 14,204 | 15,067 | 17,294 | 18,923 | 22,156 | 23,819 | 24,842 | 19,888 | 17,568 |
Amortization of assets subject to financing obligation | ||||||||||
2,682 | 2,682 | 2,682 | 2,682 | 1,861 | 1,551 | 0 | - | - | - | - |
Amortization of discount on investments | ||||||||||
- | - | - | - | -1,627 | -2,393 | -2,023 | -1,757 | -1,195 | -1,367 | -307 |
Unrealized gains on trading securities | ||||||||||
- | - | - | - | 0 | - | - | - | - | - | - |
Goodwill and intangible asset impairment expense | ||||||||||
0 | 1,164 | 0 | 0 | 12,357 | 0 | 0 | - | - | - | - |
Impairment of investment in unconsolidated affiliate | ||||||||||
- | - | - | 815 | 0 | 0 | - | - | - | - | - |
Bad debt expense | ||||||||||
1,166 | 1,511 | 827 | 1,153 | 1,589 | 3,972 | 4,720 | 5,790 | 8,679 | 6,920 | 6,732 |
Stock-based compensation | ||||||||||
1,390 | 1,815 | 2,945 | 4,904 | 4,265 | 5,721 | 6,224 | 6,492 | 6,279 | 5,894 | 4,702 |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | - | - | 85 | 0 | 159 | 1,081 | 1,788 | 378 |
Deferred income taxes | ||||||||||
0 | -2,812 | 0 | 27,928 | -5,394 | -4,050 | -3,794 | -8,490 | 2,296 | -3,709 | -2,165 |
Equity in earnings of unconsolidated affiliate | ||||||||||
399 | 385 | 484 | 342 | 527 | 471 | 0 | - | - | - | - |
Training equipment credits earned, net | ||||||||||
302 | 33 | -1,198 | -1,176 | -899 | -1,002 | -1,926 | -1,127 | -1,501 | 1,079 | - |
Other losses, net | ||||||||||
-561 | -122 | 15 | -429 | - | - | - | - | - | - | - |
Loss on disposal of property and equipment | ||||||||||
- | - | - | - | - | - | -184 | -203 | -957 | -341 | -1,004 |
Other losses, net | ||||||||||
- | - | - | - | -24 | -402 | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||
Restricted cash | ||||||||||
- | - | - | -165 | -60 | -230 | 6 | - | - | - | - |
Receivables | ||||||||||
1,483 | 2,695 | 2,978 | -8,202 | 11,443 | 2,701 | 1,338 | 10,109 | 1,240 | 10,286 | 1,936 |
Notes receivable | ||||||||||
-1,298 | -3,393 | 0 | 0 | - | - | - | - | - | - | - |
Prepaid expenses and other current assets | ||||||||||
-3,157 | 1,584 | -692 | 2,009 | - | - | - | - | - | - | - |
Prepaid expenses | ||||||||||
- | - | - | - | 1,065 | 767 | -1,487 | 3,520 | -391 | 1,541 | 2,036 |
Other assets | ||||||||||
-1,016 | 116 | -84 | 127 | 677 | 514 | 1,222 | 1,227 | 1,486 | 261 | -1,176 |
Accounts payable and accrued expenses | ||||||||||
2,942 | 3,858 | -4,759 | 1,855 | 2,705 | -1,859 | -700 | 3,037 | -15,009 | 6,469 | 6,989 |
Deferred revenue | ||||||||||
4,650 | -5,663 | -3,153 | -202 | -1,672 | -660 | -5,649 | -8,830 | -1,882 | 15,101 | 3,480 |
Income tax (receivable) payable | ||||||||||
166 | -812 | 2,697 | -3,394 | -3,149 | 4,053 | -659 | -1,288 | 3,279 | -1,130 | 1,942 |
Accrued tool sets and other current liabilities | ||||||||||
-300 | -1,014 | -556 | -489 | -1,678 | -530 | -896 | 96 | -231 | - | - |
Deferred rent liability | ||||||||||
-1,677 | 5,116 | -2,100 | -1,835 | -753 | -1,610 | -1,013 | 1,147 | 6,178 | - | - |
Accrued tool sets and other current liabilities | ||||||||||
- | - | - | - | - | - | - | - | - | -830 | -387 |
Deferred rent liability | ||||||||||
- | - | - | - | - | - | - | - | - | -28 | - |
Deferred rent liability | ||||||||||
- | - | - | - | - | - | - | - | - | - | -239 |
Other liabilities | ||||||||||
321 | -318 | -726 | 476 | -490 | 963 | 1,443 | 2,078 | -953 | -287 | -286 |
Net cash provided by operating activities | ||||||||||
21,746 | -13,353 | 1,146 | 7,384 | 8,242 | 27,056 | 26,727 | 18,509 | 58,072 | 67,481 | 49,458 |
Cash flows from investing activities: | ||||||||||
Purchase of held-to-maturity securities | ||||||||||
0 | 0 | 9,672 | 0 | 26,061 | 61,729 | 111,848 | 92,503 | 89,538 | 41,570 | 31,936 |
Purchase of property and equipment | ||||||||||
6,453 | 20,606 | 8,190 | 7,495 | 29,030 | 12,024 | 9,352 | 11,342 | 29,098 | 37,196 | 28,524 |
Proceeds from disposal of property and equipment | ||||||||||
34 | 25 | 2 | 22 | 3 | 42 | 54 | 6 | 64 | 5 | 36 |
Proceeds received upon maturity of investments | ||||||||||
0 | 7,739 | 3,565 | 27,709 | 51,792 | 63,892 | 104,094 | 90,640 | 64,585 | 36,641 | 3,067 |
Purchase of trading securities | ||||||||||
0 | 894 | 42,696 | 0 | 0 | - | - | - | - | - | - |
Proceeds from sale of trading securities | ||||||||||
0 | 40,902 | 2,747 | 0 | 0 | - | - | - | - | - | - |
Proceeds from Collection of Notes Receivable | ||||||||||
- | - | - | - | - | - | - | 615 | 0 | - | - |
Acquisitions | ||||||||||
- | - | - | 1,500 | 0 | 0 | - | - | - | - | - |
Investment in joint venture | ||||||||||
- | - | - | 1,000 | 0 | 0 | - | 4,000 | 0 | - | - |
Capitalized costs for intangible assets | ||||||||||
0 | 325 | 575 | 575 | 453 | 0 | 0 | - | - | - | - |
Return of capital contribution from unconsolidated affiliate | ||||||||||
267 | 291 | 390 | 475 | 464 | 568 | 0 | - | - | - | - |
Restricted cash: other | ||||||||||
- | - | - | 289 | -607 | -49 | 3,710 | 0 | 0 | - | - |
Net cash used in investing activities | ||||||||||
-6,152 | 27,132 | -54,429 | 17,347 | -2,678 | -9,202 | -20,762 | -16,584 | -53,987 | -42,120 | -57,357 |
Cash flows from financing activities: | ||||||||||
Payment of cash dividend | ||||||||||
- | - | - | - | - | - | 9,820 | 7,425 | 0 | 36,333 | - |
Proceeds from sale of preferred stock, net of issuance costs paid | ||||||||||
- | - | - | 68,886 | 0 | 0 | - | - | - | - | - |
Payment of preferred stock cash dividend | ||||||||||
5,250 | 5,250 | 5,250 | 1,424 | 0 | 0 | - | - | - | - | - |
Payment of common stock dividends | ||||||||||
- | - | - | 1,457 | 7,310 | 9,875 | - | - | - | - | - |
Payment of financing obligation and finance leases | ||||||||||
1,319 | 1,107 | 913 | 736 | 663 | 613 | 0 | - | - | - | - |
Payment of payroll taxes on stock-based compensation through shares withheld | ||||||||||
629 | 223 | 595 | 393 | 519 | 1,639 | 1,263 | 1,365 | 1,739 | 2,124 | 1,101 |
Proceeds from issuance of common stock under employee plans | ||||||||||
- | - | - | - | - | - | 525 | 550 | 1,269 | 4,083 | 878 |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | - | - | 85 | 0 | 159 | 1,081 | 1,788 | 378 |
Purchase of treasury stock | ||||||||||
- | - | - | - | 6,619 | 1,423 | 5,422 | 1,849 | 0 | - | - |
Purchase of treasury stock | ||||||||||
- | - | - | - | - | - | - | - | - | - | 16,935 |
Net cash provided by (used in) financing activities | ||||||||||
-7,198 | -6,580 | -6,758 | 64,876 | -15,111 | -13,465 | -15,980 | -9,930 | 611 | -32,586 | -16,780 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
- | - | - | 89,607 | -9,547 | 4,389 | -10,015 | -8,005 | 4,696 | -7,225 | -24,679 |
Net (decrease) increase in cash, cash equivalents and restricted cash | ||||||||||
8,396 | 7,199 | -60,041 | - | - | - | - | - | - | - | - |
Supplemental disclosure of cash flow information: | ||||||||||
Taxes paid | ||||||||||
37 | 610 | 2,700 | 1,636 | 7,010 | 3,771 | 7,467 | 15,708 | 12,615 | 23,116 | 7,823 |
Interest paid | ||||||||||
3,220 | 3,310 | 3,382 | - | - | - | - | - | - | - | - |
Interest paid | ||||||||||
- | - | - | 3,439 | 2,340 | 1,967 | 1 | - | - | - | - |
Training equipment obtained in exchange for services | ||||||||||
772 | 3,240 | 1,897 | 2,738 | 969 | 2,473 | 1,164 | 1,921 | 1,399 | 1,717 | 1,571 |
Depreciation of training equipment obtained in exchange for services | ||||||||||
1,387 | 1,386 | 1,283 | 1,342 | 1,168 | 1,215 | 1,095 | - | - | - | - |
Change in accrued capital expenditures during the period | ||||||||||
316 | -1,042 | -187 | 1,792 | 435 | 820 | -1,088 | 933 | -2,434 | 593 | 2,292 |
Construction period construction liability - construction in progress | ||||||||||
- | - | - | - | - | 7,120 | 25,211 | 2,421 | 0 | - | - |
Construction period financing obligation-building | ||||||||||
- | - | - | - | -4,825 | 4,825 | 0 | - | - | - | - |
Construction liability recognized as financing obligation | ||||||||||
- | - | - | - | 12,316 | 33,500 | 0 | - | - | - | - |
Stock based compensation classified as liability instruments | ||||||||||
- | - | - | 175 | 0 | 0 | 310 | 0 | 0 | - | - |
Vesting of stock based compensation liability | ||||||||||
0 | 0 | 175 | 78 | 80 | 152 | 0 | - | - | - | - |
Capitalized stock-based compensation | ||||||||||
- | - | - | - | - | - | - | - | - | - | 76 |