10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-214988`
Period End Date	20120331
Filing Date	20120507
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	lope-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 32 Cash Flow Statement 68 Stockholders Equity 14 Comprehensive Income 8

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.84M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.70M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.24M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$56.12M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$50.45M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $8,844 and $11,706 at March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$11.81M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $8,844 and $11,706 at March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$7.84M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$11.86M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$936.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.35M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.99M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$130.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$115.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.15M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.95M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$207.17M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.49M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.30M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$189.95M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$555.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.66M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.66M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$555.00K	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$5.79M	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$5.96M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.21M	USD	Point-in-time
Total assets	`Assets`	$317.85M	USD	Point-in-time
Total assets	`Assets`	$349.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.52M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$9.37M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$12.23M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.46M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.52M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.09M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$536.00K	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$51.90M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$57.60M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$33.48M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$21.72M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$279.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$227.00K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$470.00K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$96.00K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$1.74M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$1.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$121.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$136.13M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$674.00K	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$652.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$7.14M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$7.72M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$4.13M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$5.33M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$19.90M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$19.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$168.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$154.55M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 46,147 and 45,955 shares issued and 44,490 and 44,298 shares outstanding March at 31, 2012 and December 31, 2011 respectively	`CommonStockValue`	$461.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 46,147 and 45,955 shares issued and 44,490 and 44,298 shares outstanding March at 31, 2012 and December 31, 2011 respectively	`CommonStockValue`	$460.00K	USD	Point-in-time
Treasury stock, at cost, 1,657 shares of common stock at March 31, 2012 and December 31, 2011	`TreasuryStockValue`	$23.89M	USD	Point-in-time
Treasury stock, at cost, 1,657 shares of common stock at March 31, 2012 and December 31, 2011	`TreasuryStockValue`	$23.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$85.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$89.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-333.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-360.00K	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$115.84M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$101.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$181.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$163.29M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$317.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$349.97M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Selling and promotional expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$401.00K	USD	1 Quarter
Selling and promotional expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$447.00K	USD	1 Quarter
Net revenue	`Revenues`	$101.71M	USD	1 Quarter
Net revenue	`Revenues`	$117.13M	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$50.82M	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$48.88M	USD	1 Quarter
Selling and promotional, including $447 and $401 to related parties for March 31, 2012 and 2011, respectively	`SellingAndMarketingExpense`	$34.56M	USD	1 Quarter
Selling and promotional, including $447 and $401 to related parties for March 31, 2012 and 2011, respectively	`SellingAndMarketingExpense`	$29.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.54M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.83M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$92.93M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$85.54M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$24.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.17M	USD	1 Quarter
Interest expense	`InterestExpense`	$107.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$207.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$32.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.01M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.61M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.47M	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	45.59M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44.37M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.15M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.09M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.47M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.43M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.69M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$65.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$15.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$15.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$10.03M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$4.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.83M	USD	1 Quarter
Loss on asset disposal	`GainLossOnSaleOfPropertyPlantEquipment`	$-182.00K	USD	1 Quarter
Exit costs	`IncreaseDecreaseInRestructuringReserve`	$-24.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-247.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-224.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$150.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.02M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$119.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.10M	USD	1 Quarter
Due to/from related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-8.39M	USD	1 Quarter
Due to/from related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$52.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$742.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$5.75M	USD	1 Quarter
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.80M	USD	1 Quarter
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-513.00K	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$16.56M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.67M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$622.00K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$67.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$11.76M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$4.18M	USD	1 Quarter
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-5.70M	USD	1 Quarter
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-2.75M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.18M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.41M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$16.88M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$14.67M	USD	1 Quarter
Change in restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCash`	$-5.66M	USD	1 Quarter
Change in restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCash`	$-2.75M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.21M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.91M	USD	1 Quarter
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$829.00K	USD	1 Quarter
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$694.00K	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$14.21M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$65.00K	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$13.00K	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.31M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.55M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-14.89M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$35.51M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.39M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.64M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$56.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.24M	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`	$56.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.24M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$107.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$253.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$1.06M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$219.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$5.39M	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$5.63M	USD	1 Quarter
Tax benefit of Spirit warrant intangible	`TaxBenefitOfSpiritWarrantIntangible`	$70.00K	USD	1 Quarter
Tax benefit of Spirit warrant intangible	`TaxBenefitOfSpiritWarrantIntangible`	$59.00K	USD	1 Quarter
Shortfall tax expense from share-based compensation	`ShortfallTaxExpenseFromShareBasedCompensation`	$17.00K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Tax effect on unrealized losses on hedging derivative in 2011	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$21.00K	USD	1 Quarter
Tax effect on unrealized losses on hedging derivative in 2011	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$20.00K	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$181.87M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$163.29M	USD	Point-in-time
Net income	`NetIncomeLoss`	$9.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.47M	USD	1 Quarter
Unrealized gain on hedging derivative, net of taxes of $20	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$27.00K	USD	1 Quarter
Unrealized gain on hedging derivative, net of taxes of $20	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$53.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.31M	USD	1 Quarter
Excess tax benefits from share-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$76.00K	USD	1 Quarter
Exercise of stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	192,000.00	shares	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.69M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$181.87M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$163.29M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.48M	USD	1 Quarter
Tax effect on unrealized losses on hedging derivative	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$21.00K	USD	1 Quarter
Tax effect on unrealized losses on hedging derivative	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$20.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.47M	USD	1 Quarter
Unrealized gains on hedging derivatives, net of taxes of $20 and $21 for March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$27.00K	USD	1 Quarter
Unrealized gains on hedging derivatives, net of taxes of $20 and $21 for March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$53.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.53M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.50M	USD	1 Quarter

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