10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-072899`
Period End Date	20110630
Filing Date	20110804
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	lope-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 66 Cash Flow Statement 75 Stockholders Equity 18 Comprehensive Income 14

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.42M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.96M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.65M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$45.39M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$52.18M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $18,103 and $14,961 at June 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNetCurrent`	$32.12M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $18,103 and $14,961 at June 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNetCurrent`	$33.33M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$5.80M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$8.41M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$9.89M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.23M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.83M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.62M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$109.81M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$142.28M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$124.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$161.53M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$760.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$555.00K	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$6.29M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.81M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.87M	shares	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$6.58M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.26M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	45.76M	shares	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.80M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.61M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.56M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	50,000.00	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.89M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.26M	USD	Point-in-time
Total assets	`Assets`	$284.25M	USD	Point-in-time
Total assets	`Assets`	$289.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.69M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$11.54M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$13.63M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$9.48M	USD	Point-in-time
Accrued litigation loss	`LitigationReserveCurrent`	$5.20M	USD	Point-in-time
Accrued litigation loss	`LitigationReserveCurrent`	-	USD	Point-in-time
Accrued exit costs	`RestructuringReserveCurrent`	-	USD	Point-in-time
Accrued exit costs	`RestructuringReserveCurrent`	$64.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$425.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$829.00K	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$48.87M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$46.78M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$21.79M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$15.03M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$1.57M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$10.35M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$1.67M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$1.23M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$2.03M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$1.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$122.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$121.12M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$151.00K	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$2.71M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$5.39M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$20.77M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$21.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$147.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$147.28M	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at June 30, 2011 and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at June 30, 2011 and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 45,865 and 45,811 shares issued and 44,258 and 45,761 shares outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$459.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 45,865 and 45,811 shares issued and 44,258 and 45,761 shares outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$458.00K	USD	Point-in-time
Treasury stock, at cost, 1,607 and 50 shares of common stock at June 30, 2011 and December 31, 2010, respectively	`TreasuryStockValue`	$23.15M	USD	Point-in-time
Treasury stock, at cost, 1,607 and 50 shares of common stock at June 30, 2011 and December 31, 2010, respectively	`TreasuryStockValue`	$782.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$81.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$77.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-446.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-445.00K	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$59.98M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$84.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$142.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$136.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$289.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$284.25M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`Revenues`	$204.83M	USD	2 Qtrs
Net revenue	`Revenues`	$97.52M	USD	1 Quarter
Net revenue	`Revenues`	$186.85M	USD	2 Qtrs
Net revenue	`Revenues`	$103.12M	USD	1 Quarter
Selling and promotional expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$403.00K	USD	2 Qtrs
Selling and promotional expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$4.97M	USD	2 Qtrs
Selling and promotional expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$2.63M	USD	1 Quarter
Selling and promotional expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$2.00K	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$45.71M	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$78.40M	USD	2 Qtrs
Instructional costs and services	`InstructionalCostsAndServices`	$91.54M	USD	2 Qtrs
Instructional costs and services	`InstructionalCostsAndServices`	$41.74M	USD	1 Quarter
Selling and promotional, including $2 and $2,628 for the three months ended June 30, 2011 and 2010, respectively, and $403 and $4,975 for the six months ended June 30, 2011 and 2010, respectively, to related parties	`SellingAndMarketingExpense`	$55.85M	USD	2 Qtrs
Selling and promotional, including $2 and $2,628 for the three months ended June 30, 2011 and 2010, respectively, and $403 and $4,975 for the six months ended June 30, 2011 and 2010, respectively, to related parties	`SellingAndMarketingExpense`	$28.98M	USD	1 Quarter
Selling and promotional, including $2 and $2,628 for the three months ended June 30, 2011 and 2010, respectively, and $403 and $4,975 for the six months ended June 30, 2011 and 2010, respectively, to related parties	`SellingAndMarketingExpense`	$57.54M	USD	2 Qtrs
Selling and promotional, including $2 and $2,628 for the three months ended June 30, 2011 and 2010, respectively, and $403 and $4,975 for the six months ended June 30, 2011 and 2010, respectively, to related parties	`SellingAndMarketingExpense`	$27.71M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.18M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.28M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$13.87M	USD	2 Qtrs
Exit costs	`BusinessExitCosts`	$205.00K	USD	2 Qtrs
Exit costs	`BusinessExitCosts`	$116.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$80.46M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$77.01M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$146.74M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$162.95M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$20.51M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$40.11M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$22.66M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$41.88M	USD	2 Qtrs
Interest expense	`InterestExpense`	$506.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$136.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$29.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$162.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$26.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$98.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$37.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$58.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$41.80M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.70M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.39M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.66M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.99M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.24M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$15.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.88M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.52	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.54	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.54	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.51	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.70M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.12M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.66M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.72M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.02M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.56M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.44M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.55M	shares	2 Qtrs

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$24.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.88M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$3.13M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$2.34M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$536.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$30.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$32.00K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$14.59M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$10.27M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.83M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.31M	USD	2 Qtrs
Non-capitalizable system conversion costs	`NonCapitalizableSystemConversionCosts`	$4.01M	USD	2 Qtrs
Litigation settlement	`GainLossRelatedToLitigationSettlement`	$5.20M	USD	2 Qtrs
Exit costs	`OtherIncreaseDecreaseInProvisionForRestructuring`	$-481.00K	USD	2 Qtrs
Exit costs	`OtherIncreaseDecreaseInProvisionForRestructuring`	$-64.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.88M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.97M	USD	2 Qtrs
Other	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$-59.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.37M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$43.12M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.11M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.13M	USD	2 Qtrs
Due to/from related parties	`DueToFromRelatedParties`	$-8.77M	USD	2 Qtrs
Due to/from related parties	`DueToFromRelatedParties`	$902.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$5.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$3.06M	USD	2 Qtrs
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$8.48M	USD	2 Qtrs
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.10M	USD	2 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.04M	USD	2 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.29M	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRent`	$2.70M	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRent`	$197.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$9.08M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$6.75M	USD	2 Qtrs
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$12.80M	USD	2 Qtrs
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-2.10M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.03M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.13M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$22.36M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$38.28M	USD	2 Qtrs
Change in restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCash`	$27.39M	USD	2 Qtrs
Change in restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCash`	$-6.99M	USD	2 Qtrs
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$487.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.28M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.25M	USD	2 Qtrs
Principal payments on notes payable and capital lease obligations	`PrincipalPaymentsOnNotesPayableAndCapitalLeaseObligations`	$1.89M	USD	2 Qtrs
Principal payments on notes payable and capital lease obligations	`PrincipalPaymentsOnNotesPayableAndCapitalLeaseObligations`	$1.51M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$70.00K	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$22.37M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$536.00K	USD	2 Qtrs
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$955.00K	USD	2 Qtrs
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$603.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-23.73M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-24.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.15M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.98M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.64M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.42M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$62.57M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.65M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.64M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.42M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$62.57M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.65M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$145.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$409.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$11.79M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$19.06M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$6.79M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$229.00K	USD	2 Qtrs
Tax benefit of Spirit warrant intangible	`TaxBenefitOfSpiritWarrantIntangible`	$127.00K	USD	2 Qtrs
Tax benefit of Spirit warrant intangible	`TaxBenefitOfSpiritWarrantIntangible`	$259.00K	USD	2 Qtrs
Shortfall tax expense from share-based compensation	`ShortfallTaxExpenseFromShareBasedCompensation`	$47.00K	USD	2 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Tax effect on unrealized gain on hedging derivative	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	-	USD	2 Qtrs
Balance	`StockholdersEquity`	$142.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$136.66M	USD	Point-in-time
Net income	`NetIncomeLoss`	$24.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.88M	USD	2 Qtrs
Unrealized gain on hedging derivative, net of taxes of $0	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-54.00K	USD	1 Quarter
Unrealized gain on hedging derivative, net of taxes of $0	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.00K	USD	2 Qtrs
Unrealized gain on hedging derivative, net of taxes of $0	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-207.00K	USD	1 Quarter
Unrealized gain on hedging derivative, net of taxes of $0	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-354.00K	USD	2 Qtrs
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$23.15M	USD	3 Qtrs
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$22.37M	USD	2 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$603.00K	USD	2 Qtrs
Excess tax benefits from share-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$80.00K	USD	2 Qtrs
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.13M	USD	2 Qtrs
Balance	`StockholdersEquity`	$142.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$136.66M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$24.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.88M	USD	2 Qtrs
Unrealized losses on hedging derivatives	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-54.00K	USD	1 Quarter
Unrealized losses on hedging derivatives	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.00K	USD	2 Qtrs
Unrealized losses on hedging derivatives	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-207.00K	USD	1 Quarter
Unrealized losses on hedging derivatives	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-354.00K	USD	2 Qtrs
Unrealized losses on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.00K	USD	2 Qtrs
Realized gains on available for sale securities	`OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$19.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.19M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$23.50M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.55M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.20M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.