10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-310188`
Period End Date	20130630
Filing Date	20130730
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	lope-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 95 Income Statement 76 Cash Flow Statement 81 Stockholders Equity 13 Comprehensive Income 22

Balance Sheet 95 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.09M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.66M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.80M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.19M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.76M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$51.54M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$55.96M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments	`ShortTermInvestments`	$48.44M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $9,092 and $8,657 at June 30, 2013 and December 31, 2012, respectively	`AccountsReceivableNetCurrent`	$7.95M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $9,092 and $8,657 at June 30, 2013 and December 31, 2012, respectively	`AccountsReceivableNetCurrent`	$8.64M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Note receivable secured by real estate	`AccountsAndNotesReceivableNet`	$27.00M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.53M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.14M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.75M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	45.96M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$7.10M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.72M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.48M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.42M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.54M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.67M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.79M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$223.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$214.17M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$304.33M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$269.16M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$225.00K	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$5.30M	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$4.97M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.83M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.12M	USD	Point-in-time
Total assets	`Assets`	$541.67M	USD	Point-in-time
Total assets	`Assets`	$494.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.17M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$18.81M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$18.11M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$17.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$20.60M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.70M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$57.74M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$52.72M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$31.59M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$28.61M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$523.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$457.00K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$88.00K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$87.00K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$6.60M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$6.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$146.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$152.73M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$587.00K	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$542.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$7.41M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$6.57M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$9.71M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$7.04M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$89.81M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$93.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$253.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$260.86M	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 June 30, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at June 30, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 48,746 and 47,136 shares issued and 45,960 and 44,716 shares outstanding at June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$471.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 48,746 and 47,136 shares issued and 45,960 and 44,716 shares outstanding at June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$487.00K	USD	Point-in-time
Treasury stock, at cost, 2,786 and 2,420 shares of common stock at June 30, 2013 and December 31, 2012	`TreasuryStockValue`	$47.63M	USD	Point-in-time
Treasury stock, at cost, 2,786 and 2,420 shares of common stock at June 30, 2013 and December 31, 2012	`TreasuryStockValue`	$39.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$102.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$124.58M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$289.00K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-223.00K	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$170.81M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$210.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$234.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$288.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$541.67M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$494.92M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Admissions advisory and related expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$589.00K	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$236.39M	USD	2 Qtrs
Net revenue	`SalesRevenueNet`	$119.26M	USD	1 Quarter
Admissions advisory and related expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$867.00K	USD	1 Quarter
Admissions advisory and related expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$1.02M	USD	2 Qtrs
Admissions advisory and related expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$1.62M	USD	2 Qtrs
Net revenue	`SalesRevenueNet`	$283.49M	USD	2 Qtrs
Net revenue	`SalesRevenueNet`	$141.46M	USD	1 Quarter
Advertising, due to related parties	`AdvertisingRelatedPartyTransactions`	$20.00K	USD	2 Qtrs
Advertising, due to related parties	`AdvertisingRelatedPartyTransactions`	-	USD	1 Quarter
Advertising, due to related parties	`AdvertisingRelatedPartyTransactions`	-	USD	2 Qtrs
Advertising, due to related parties	`AdvertisingRelatedPartyTransactions`	$5.00K	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$104.23M	USD	2 Qtrs
Instructional costs and services	`InstructionalCostsAndServices`	$121.74M	USD	2 Qtrs
Instructional costs and services	`InstructionalCostsAndServices`	$53.41M	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$61.75M	USD	1 Quarter
Admissions advisory and related, including $867 and $589 for the three months ended June 30, 2013 and 2012, respectively, and $1,621 and $1,021 for the six months ended June 30, 2013 and 2012, respectively, to related parties	`AdmissionsAdvisoryAndRelatedExpenses`	$46.34M	USD	2 Qtrs
Admissions advisory and related, including $867 and $589 for the three months ended June 30, 2013 and 2012, respectively, and $1,621 and $1,021 for the six months ended June 30, 2013 and 2012, respectively, to related parties	`AdmissionsAdvisoryAndRelatedExpenses`	$40.36M	USD	2 Qtrs
Admissions advisory and related, including $867 and $589 for the three months ended June 30, 2013 and 2012, respectively, and $1,621 and $1,021 for the six months ended June 30, 2013 and 2012, respectively, to related parties	`AdmissionsAdvisoryAndRelatedExpenses`	$23.35M	USD	1 Quarter
Admissions advisory and related, including $867 and $589 for the three months ended June 30, 2013 and 2012, respectively, and $1,621 and $1,021 for the six months ended June 30, 2013 and 2012, respectively, to related parties	`AdmissionsAdvisoryAndRelatedExpenses`	$20.37M	USD	1 Quarter
Advertising, including $0 and $5 for the three months ended June 30, 2013 and 2012, respectively, and $0 and $20 for the six months ended June 30, 2013 and 2012, respectively, to related parties	`AdvertisingExpense`	$25.11M	USD	2 Qtrs
Advertising, including $0 and $5 for the three months ended June 30, 2013 and 2012, respectively, and $0 and $20 for the six months ended June 30, 2013 and 2012, respectively, to related parties	`AdvertisingExpense`	$14.52M	USD	1 Quarter
Advertising, including $0 and $5 for the three months ended June 30, 2013 and 2012, respectively, and $0 and $20 for the six months ended June 30, 2013 and 2012, respectively, to related parties	`AdvertisingExpense`	$11.47M	USD	1 Quarter
Advertising, including $0 and $5 for the three months ended June 30, 2013 and 2012, respectively, and $0 and $20 for the six months ended June 30, 2013 and 2012, respectively, to related parties	`AdvertisingExpense`	$30.45M	USD	2 Qtrs
Marketing and promotional	`MarketingAndAdvertisingExpense`	$919.00K	USD	1 Quarter
Marketing and promotional	`MarketingAndAdvertisingExpense`	$2.82M	USD	2 Qtrs
Marketing and promotional	`MarketingAndAdvertisingExpense`	$1.38M	USD	1 Quarter
Marketing and promotional	`MarketingAndAdvertisingExpense`	$1.85M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.98M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.24M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$17.03M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.70M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$186.79M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$218.38M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$93.86M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$109.97M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$65.11M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$49.60M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$25.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$31.49M	USD	1 Quarter
Interest expense	`InterestExpense`	$285.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.11M	USD	2 Qtrs
Interest expense	`InterestExpense`	$78.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$439.00K	USD	1 Quarter
Interest and other income	`InterestIncomeAndOtherGains`	$36.00K	USD	2 Qtrs
Interest and other income	`InterestIncomeAndOtherGains`	$26.00K	USD	1 Quarter
Interest and other income	`InterestIncomeAndOtherGains`	$62.00K	USD	1 Quarter
Interest and other income	`InterestIncomeAndOtherGains`	$2.26M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.35M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$49.35M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$66.26M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.11M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$19.29M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.75M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$26.25M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$12.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.01M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$30.07M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.06M	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.90	USD	2 Qtrs
Basic income per share	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.68	USD	2 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$0.67	USD	2 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.88	USD	2 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44.68M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44.41M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44.45M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44.46M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.16M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.93M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.17M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.69M	shares	2 Qtrs

Cash Flow Statement 81 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$40.01M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$30.07M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.06M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$3.72M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$4.91M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$121.00K	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$3.46M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$32.00K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$7.87M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$9.48M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.16M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$12.14M	USD	2 Qtrs
Loss on asset disposal	`GainLossOnDispositionOfAssets`	$-182.00K	USD	2 Qtrs
Gain on proceeds received from note receivable	`GainLossOnSaleOfNotesReceivable`	$2.19M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.05M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.19M	USD	2 Qtrs
Restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-4.51M	USD	2 Qtrs
Restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-1.63M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.42M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.18M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.85M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.12M	USD	2 Qtrs
Due to/from related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-66.00K	USD	2 Qtrs
Due to/from related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$92.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$119.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-1.63M	USD	2 Qtrs
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.29M	USD	2 Qtrs
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.18M	USD	2 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-7.84M	USD	2 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$19.02M	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-446.00K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRent`	$682.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.97M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$9.38M	USD	2 Qtrs
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-5.02M	USD	2 Qtrs
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-2.35M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$44.04M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$79.58M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$50.45M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$38.01M	USD	2 Qtrs
Purchase of land and building related to future development	`PurchaseOfLandRelatedToFutureDevelopment`	$6.94M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$55.22M	USD	2 Qtrs
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$6.78M	USD	2 Qtrs
Restricted funds held for derivative collateral	`IncreaseDecreaseInRestrictedCash`	$-140.00K	USD	2 Qtrs
Restricted funds held for derivative collateral	`IncreaseDecreaseInRestrictedCash`	$-180.00K	USD	2 Qtrs
Proceeds received from note receivable	`ProceedsFromSaleOfNotesReceivable`	$29.19M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-64.06M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-50.27M	USD	2 Qtrs
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$3.34M	USD	2 Qtrs
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.30M	USD	2 Qtrs
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$8.49M	USD	2 Qtrs
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$1.98M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$121.00K	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.46M	USD	2 Qtrs
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$14.07M	USD	2 Qtrs
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.43M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$270.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.71M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.31M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$29.57M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.80M	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`	$105.11M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.76M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$90.80M	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`	$105.11M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.76M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$286.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$1.06M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$33.10M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$10.38M	USD	2 Qtrs
Cash received for income tax refunds	`ProceedsFromIncomeTaxRefunds`	$4.00K	USD	2 Qtrs
Cash received for income tax refunds	`ProceedsFromIncomeTaxRefunds`	$7.62M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$2.03M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$2.89M	USD	2 Qtrs
Tax benefit of Spirit warrant intangible	`TaxBenefitOfSpiritWarrantIntangible`	$134.00K	USD	2 Qtrs
Tax benefit of Spirit warrant intangible	`TaxBenefitOfSpiritWarrantIntangible`	$134.00K	USD	2 Qtrs
Shortfall tax expense from share-based compensation	`ShortfallTaxExpenseFromShareBasedCompensation`	$205.00K	USD	2 Qtrs
Shortfall tax expense from share-based compensation	`ShortfallTaxExpenseFromShareBasedCompensation`	$125.00K	USD	2 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$234.06M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$288.55M	USD	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.54M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$30.13M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$40.52M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.63M	USD	1 Quarter
Common stock purchased for treasury	`StockRepurchasedDuringPeriodValue`	$7.52M	USD	2 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$14.07M	USD	2 Qtrs
Exercise of stock options, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1.02M	shares	2 Qtrs
Excess tax benefits	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$3.48M	USD	2 Qtrs
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.93M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$234.06M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$288.55M	USD	Point-in-time

Comprehensive Income 22 line items

Line Item	Tag	Value	Unit	Period
Unrealized losses on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	2 Qtrs
Net income	`NetIncomeLoss`	$40.01M	USD	2 Qtrs
Unrealized losses on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.07M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.06M	USD	1 Quarter
Unrealized losses on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Unrealized losses on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	2 Qtrs
Unrealized gains on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$46.00K	USD	2 Qtrs
Unrealized gains on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$335.00K	USD	1 Quarter
Unrealized gains on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$26.00K	USD	1 Quarter
Unrealized gains on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$366.00K	USD	2 Qtrs
Unrealized losses on available-for-sale securities, net of taxes of $0 for both the three months ended June 30, 2013 and 2012, and $0 for both the six months ended June 30, 2013 and 2012	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities, net of taxes of $0 for both the three months ended June 30, 2013 and 2012, and $0 for both the six months ended June 30, 2013 and 2012	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-11.00K	USD	2 Qtrs
Unrealized gains on hedging derivatives, net of taxes of $335 and $26 for the three months ended June 30, 2013 and 2012, respectively, and $366 and $46 for the six months ended June 30, 2013 and 2012, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$62.00K	USD	2 Qtrs
Unrealized gains on hedging derivatives, net of taxes of $335 and $26 for the three months ended June 30, 2013 and 2012, respectively, and $366 and $46 for the six months ended June 30, 2013 and 2012, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$483.00K	USD	1 Quarter
Unrealized gains on hedging derivatives, net of taxes of $335 and $26 for the three months ended June 30, 2013 and 2012, respectively, and $366 and $46 for the six months ended June 30, 2013 and 2012, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$523.00K	USD	2 Qtrs
Unrealized gains on hedging derivatives, net of taxes of $335 and $26 for the three months ended June 30, 2013 and 2012, respectively, and $366 and $46 for the six months ended June 30, 2013 and 2012, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$35.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.54M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$30.13M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$40.52M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.63M	USD	1 Quarter

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