| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
417,795 | 443,373 | 475,113 | 523,518 | - | - | - | - | - | - | - |
Revenue | ||||||||||
- | - | - | - | 561,729 | 638,705 | 751,449 | 943,405 | 915,247 | 713,233 | 454,324 |
Costs and expenses: | ||||||||||
Instructional costs and services | ||||||||||
209,730 | 217,700 | 235,390 | 263,337 | - | - | - | - | - | - | - |
Instructional costs and services | ||||||||||
- | - | - | - | 281,496 | 315,079 | 365,404 | 343,072 | 288,882 | 218,597 | 120,089 |
Admissions advisory and marketing | ||||||||||
170,791 | 168,751 | 175,389 | 202,206 | 197,584 | 231,134 | 234,511 | 339,209 | 297,619 | 231,959 | 145,721 |
General and administrative | ||||||||||
72,406 | 52,980 | 47,381 | 48,843 | 56,588 | 61,353 | 76,081 | 69,497 | 57,793 | 46,256 | 106,784 |
Legal settlement expense | ||||||||||
0 | 141 | 1,845 | 33,088 | 0 | 0 | - | - | - | - | - |
Restructuring and impairment expense | ||||||||||
21,465 | 7,794 | 8,682 | 19,276 | 68,356 | 16,828 | 6,990 | - | - | - | - |
Total costs and expenses | ||||||||||
474,392 | 447,366 | 468,687 | 566,750 | 604,024 | 624,394 | 682,986 | 751,778 | 644,294 | 496,812 | 372,594 |
Operating loss | ||||||||||
-56,597 | -3,993 | 6,426 | -43,232 | -42,295 | 14,311 | 68,463 | 191,627 | 270,953 | 216,421 | 81,730 |
Other (expense) income, net | ||||||||||
1,015 | 1,047 | 1,511 | 2,306 | 2,106 | 2,884 | 3,082 | 3,531 | 2,871 | 1,358 | 510 |
Loss before income taxes | ||||||||||
-55,582 | -2,946 | 7,937 | -40,926 | -40,189 | 17,195 | 71,545 | 195,158 | 273,824 | 217,779 | 82,240 |
Income tax (benefit) expense | ||||||||||
-770 | -7,582 | -1,174 | -7,875 | 30,265 | 7,527 | 25,662 | 74,012 | 102,746 | 90,199 | 35,135 |
Net income (loss) | ||||||||||
-54,812 | 4,636 | 9,111 | -33,051 | -70,454 | 9,668 | 45,883 | 121,146 | 171,078 | 127,580 | 47,105 |
Income (loss) per share: | ||||||||||
Accretion of preferred dividends | ||||||||||
- | - | - | - | - | - | - | - | - | - | 645 |
Net income available to common stockholders | ||||||||||
- | - | - | - | - | - | - | - | - | - | 46,460 |
Earnings Per Share, Basic (in dollars per share) | ||||||||||
-1.86 | 0.17 | 0.28 | -0.71 | -1.54 | 0.21 | 0.85 | 2.29 | 3.27 | 2.37 | 0.85 |
Earnings Per Share, Diluted (in dollars per share) | ||||||||||
-1.86 | 0.17 | 0.28 | -0.71 | -1.54 | 0.21 | 0.83 | 2.17 | 2.99 | 2.14 | 0.74 |
Weighted average number of common shares outstanding used in computing income (loss) per share: | ||||||||||
Basic (in shares) | ||||||||||
29,492 | 27,135 | 32,058 | 46,228 | 45,665 | 45,204 | 53,923 | 52,947 | 52,291 | 53,724 | 39,349 |
Diluted (in shares) | ||||||||||
29,492 | 27,563 | 32,794 | 46,228 | 45,665 | 46,512 | 55,487 | 55,946 | 57,133 | 59,631 | 45,181 |