| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenues | ||||||||||
331,504 | 316,965 | 324,263 | 347,146 | - | - | - | - | - | - | - |
Revenues | ||||||||||
- | - | - | - | 362,674 | 378,393 | 380,322 | 413,629 | 451,900 | 435,921 | 366,635 |
Operating expenses: | ||||||||||
Educational services and facilities | ||||||||||
178,317 | 182,589 | 181,027 | 194,395 | 194,416 | 200,054 | 199,540 | 211,979 | 223,628 | 212,608 | 193,490 |
Selling, general and administrative | ||||||||||
160,989 | 169,651 | 145,060 | 171,374 | 165,124 | 172,002 | 174,757 | 187,397 | 183,726 | 177,194 | 154,504 |
Goodwill impairment | ||||||||||
- | - | - | - | 12,357 | 0 | 0 | - | - | - | - |
Total operating expenses | ||||||||||
339,306 | 352,240 | 326,087 | 365,769 | 371,897 | 372,056 | 374,297 | 399,376 | 407,354 | 389,802 | 347,994 |
(Loss) income from operations | ||||||||||
-7,802 | -35,275 | -1,824 | -18,623 | -9,223 | 6,337 | 6,025 | 14,253 | 44,546 | 46,119 | 18,641 |
Other (expense) income: | ||||||||||
Interest income | ||||||||||
1,491 | 1,425 | 900 | 243 | 215 | 223 | 235 | 306 | 258 | 259 | 246 |
Interest expense | ||||||||||
3,220 | 3,310 | 3,381 | 3,439 | 2,340 | 1,847 | 1 | 4 | 6 | 9 | 48 |
Equity in earnings of unconsolidated affiliate | ||||||||||
399 | 385 | 484 | 342 | 527 | 471 | 0 | 0 | - | - | - |
Other (expense) income, net | ||||||||||
1,467 | 1,078 | 1,090 | -49 | 140 | 563 | 655 | 545 | 291 | 480 | 466 |
Total other (expense) income, net | ||||||||||
137 | -422 | -907 | -2,903 | -1,458 | -590 | 889 | 847 | 543 | 730 | 664 |
Loss before income taxes | ||||||||||
-7,665 | -35,697 | -2,731 | -21,526 | -10,681 | 5,747 | 6,914 | 15,100 | 45,089 | 46,849 | 19,305 |
Income tax benefit (expense) | ||||||||||
203 | -3,015 | 5,397 | 26,170 | -1,532 | 3,710 | 3,013 | 5,985 | 18,192 | 18,283 | 7,572 |
Net income (loss) | ||||||||||
-7,868 | -32,682 | -8,128 | -47,696 | -9,149 | 2,037 | 3,901 | 9,115 | 26,897 | 28,566 | 11,733 |
Preferred stock dividends | ||||||||||
5,250 | 5,250 | 5,250 | 1,424 | 0 | 0 | - | - | - | - | - |
Income (loss) available for distribution | ||||||||||
-13,118 | -37,932 | -13,378 | -49,120 | -9,149 | 2,037 | - | - | - | - | - |
Comprehensive income (loss) | ||||||||||
- | - | - | - | - | - | 3,901 | - | - | - | - |
Earnings per share (See Note 16): | ||||||||||
Net income (loss) per share - basic (in dollars per share) | ||||||||||
-0.52 | -1.51 | -0.54 | -2.02 | -0.38 | 0.08 | 0.16 | 0.37 | 1.10 | 1.19 | 0.48 |
Net income (loss) per share - diluted (in dollars per share) | ||||||||||
-0.52 | -1.51 | -0.54 | -2.02 | -0.38 | 0.08 | 0.16 | 0.37 | 1.09 | 1.17 | 0.48 |
Weighted average number of shares outstanding: | ||||||||||
Basic (in shares) | ||||||||||
25,438 | 25,115 | 24,712 | 24,313 | 24,391 | 24,640 | 24,515 | 24,711 | 24,427 | 24,041 | 24,246 |
Diluted (in shares) | ||||||||||
25,438 | 25,115 | 24,712 | 24,313 | 24,391 | 24,920 | 24,704 | 24,937 | 24,740 | 24,511 | 24,627 |
Cash dividends declared per common share | ||||||||||
- | - | - | - | 0.32 | 0.40 | 0.40 | 0.30 | 0.00 | 1.50 | - |