10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-322557`
Period End Date	20180930
Filing Date	20181108
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	lope-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 73 Cash Flow Statement 76 Stockholders Equity 14 Comprehensive Income 24

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.88M	USD	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$94.53M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$89.27M	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
Investments	`AvailableForSaleSecuritiesCurrent`	$68.75M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$65.12M	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
Common stock, shares issued	`CommonStockSharesIssued`	52.28M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.57M	shares	Point-in-time
Interest receivable on secured note	`InterestReceivableOnSecuredNote`	$4.38M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.09M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.13M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.61M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.15M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.59M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.44M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$255.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$374.86M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$110.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$922.28M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$882.90M	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$2.76M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$723.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$743.00K	USD	Point-in-time
Total assets	`Assets`	$1.25B	USD	Point-in-time
Total assets	`Assets`	$1.30B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.00M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$17.86M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$23.17M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.51M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$20.76M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$16.18M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$95.30M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$46.90M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$6.69M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$6.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$238.13M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.20M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$18.36M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$4.42M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$59.92M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$54.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$317.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$114.33M	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 September 30, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at September 30, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 52,570 and 52,277 shares issued and 48,134 and 48,125 shares outstanding at September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$523.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 52,570 and 52,277 shares issued and 48,134 and 48,125 shares outstanding at September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$526.00K	USD	Point-in-time
Treasury stock, at cost, 4,436 and 4,152 shares of common stock at September 30, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$119.98M	USD	Point-in-time
Treasury stock, at cost, 4,436 and 4,152 shares of common stock at September 30, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$100.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$251.83M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$232.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-652.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-724.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.01B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$854.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$985.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.30B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.25B	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$236.21M	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$667.95M	USD	3 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$155.45M	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$512.50M	USD	2 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$702.72M	USD	3 Qtrs
Technology and academic services	`TechnologyAndAcademicServices`	$31.09M	USD	3 Qtrs
Technology and academic services	`TechnologyAndAcademicServices`	$32.48M	USD	3 Qtrs
Technology and academic services	`TechnologyAndAcademicServices`	$11.10M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$10.49M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$51.12M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$46.10M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$138.38M	USD	3 Qtrs
Counseling services and support	`CounselingServicesAndSupport`	$152.70M	USD	3 Qtrs
Marketing and communication	`MarketingExpense`	$28.13M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$82.86M	USD	3 Qtrs
Marketing and communication	`MarketingExpense`	$31.55M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$90.17M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.18M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.09M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.27M	USD	3 Qtrs
University related expenses	`UniversityRelatedExpenses`	$173.74M	USD	3 Qtrs
University related expenses	`UniversityRelatedExpenses`	$237.78M	USD	3 Qtrs
University related expenses	`UniversityRelatedExpenses`	$6.57M	USD	1 Quarter
University related expenses	`UniversityRelatedExpenses`	$83.45M	USD	1 Quarter
Loss on Transaction	`LossOnTransaction`	$15.61M	USD	1 Quarter
Loss on Transaction	`LossOnTransaction`	$17.60M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$126.03M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$511.31M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$176.52M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$489.95M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$59.69M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$29.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$191.41M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$178.00M	USD	3 Qtrs
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$13.25M	USD	1 Quarter
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$13.25M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.64M	USD	3 Qtrs
Interest expense	`InterestExpense`	$558.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$961.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$567.00K	USD	1 Quarter
Investment interest and other	`InvestmentInterestIncomeOther`	$1.45M	USD	1 Quarter
Investment interest and other	`InvestmentInterestIncomeOther`	$371.00K	USD	1 Quarter
Investment interest and other	`InvestmentInterestIncomeOther`	$2.19M	USD	3 Qtrs
Investment interest and other	`InvestmentInterestIncomeOther`	$2.92M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$191.95M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.48M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$193.21M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$21.27M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$56.89M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.72M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$39.73M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$33.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$153.48M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$135.06M	USD	3 Qtrs
Basic income per share	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$2.87	USD	3 Qtrs
Basic income per share	`EarningsPerShareBasic`	$3.22	USD	3 Qtrs
Basic income per share	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$2.80	USD	3 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.81	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$3.17	USD	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.68M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.59M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.08M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.32M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.29M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.20M	shares	3 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.42M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.43M	shares	3 Qtrs

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$153.48M	USD	3 Qtrs
Net income	`ProfitLoss`	$135.06M	USD	3 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$17.07M	USD	3 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$9.56M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$8.67M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$13.35M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$40.47M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$31.78M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.81M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-13.55M	USD	3 Qtrs
Loss on transaction, net of costs and asset impairment	`GainLossOnTransactionNetOfCostsAndAssetImpairment`	$-12.61M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-1.41M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-1.75M	USD	3 Qtrs
Accounts receivable from GCU	`IncreaseDecreaseInAccountsReceivable`	$69.50M	USD	3 Qtrs
Accounts receivable	`AccountsReceivableRelatedToUniversityOperations`	$7.78M	USD	3 Qtrs
Accounts receivable	`AccountsReceivableRelatedToUniversityOperations`	$14.83M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.78M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$555.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$4.01M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-11.94M	USD	3 Qtrs
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-8.67M	USD	3 Qtrs
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.71M	USD	3 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$8.16M	USD	3 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-15.89M	USD	3 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-189.00K	USD	3 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-271.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$75.70M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$6.88M	USD	3 Qtrs
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-7.29M	USD	3 Qtrs
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-9.77M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$96.54M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$269.93M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$90.15M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$75.60M	USD	3 Qtrs
Purchases of land and building improvements related to off-site development	`PurchaseOfLandRelatedToOffsiteDevelopment`	$10.15M	USD	3 Qtrs
Purchases of land and building improvements related to off-site development	`PurchaseOfLandRelatedToOffsiteDevelopment`	$330.00K	USD	3 Qtrs
Disposition, net of cash	`PaymentsForProceedsFromProductiveAssets`	$131.55M	USD	3 Qtrs
Funding to GCU at closing in excess of required capital	`PaymentsOfFundingAtClosingInExcessOfRequiredCapital`	$7.38M	USD	3 Qtrs
Repayment of excess funds by GCU	`ProceedsFromRepaymentOfExcessFunds`	$7.38M	USD	3 Qtrs
Funding to GCU for capital expenditures	`LoansForFundingOfCapitalExpenditure`	$12.80M	USD	3 Qtrs
Return of equity method investment	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$685.00K	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$31.45M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$76.63M	USD	3 Qtrs
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$49.62M	USD	3 Qtrs
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$50.56M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-112.08M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-215.73M	USD	3 Qtrs
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$5.10M	USD	3 Qtrs
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$5.08M	USD	3 Qtrs
Net borrowings from revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-25.00M	USD	3 Qtrs
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$19.29M	USD	3 Qtrs
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$9.66M	USD	3 Qtrs
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.75M	USD	3 Qtrs
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.10M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.00M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.27M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$124.84M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-141.46M	USD	3 Qtrs
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$255.75M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.01M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.91M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.55M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$255.75M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.01M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.91M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.55M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.63M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$738.00K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$69.16M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$45.41M	USD	3 Qtrs
Sale transaction to GCU through Secured Note financing	`SaleTransactionToAffiliatesThroughSecuredNoteFinancing`	$870.10M	USD	3 Qtrs
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$924.00K	USD	3 Qtrs
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$6.44M	USD	3 Qtrs
Reclassification of capitalized costs - adoption of ASC 606	`ReclassificationOfCapitalizedCostsDueToAdoptionOfASC606`	$9.02M	USD	3 Qtrs
Reclassification of deferred revenue - adoption of ASC 606	`ReclassificationOfDeferredRevenueDueToAdoptionOfASC606`	$7.45M	USD	3 Qtrs
Reclassification of tax effect within accumulated other comprehensive income	`ReclassificationOfTaxEffectWithinAccumulatedOtherComprehensiveIncome`	$156.00K	USD	3 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$985.95M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Cumulative effect from the adoption of accounting pronouncements, net of taxes	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-1.17M	USD	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$39.31M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$135.38M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.62M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$153.71M	USD	3 Qtrs
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$4.13M	USD	3 Qtrs
Restricted shares forfeited	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	3 Qtrs
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.91M	USD	3 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.10M	USD	3 Qtrs
Exercise of stock options, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	130,000.00	shares	3 Qtrs
Ending Balance	`StockholdersEquity`	$985.95M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.14B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$33.76M	USD	1 Quarter
Unrealized losses on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$25.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$257.00K	USD	3 Qtrs
Unrealized losses on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$44.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$153.48M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$135.06M	USD	3 Qtrs
Unrealized losses on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$6.00K	USD	3 Qtrs
Unrealized losses on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$65.00K	USD	3 Qtrs
Unrealized losses on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$20.00K	USD	1 Quarter
Unrealized losses on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$2.00K	USD	1 Quarter
Unrealized losses on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$81.00K	USD	3 Qtrs
Unrealized gains (losses) on available-for-sale securities, net of taxes of $44 and $25 for the three months ended September 30, 2018 and 2017, respectively, and $6 and $257 for the nine months ended September 30, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-133.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities, net of taxes of $44 and $25 for the three months ended September 30, 2018 and 2017, respectively, and $6 and $257 for the nine months ended September 30, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-20.00K	USD	3 Qtrs
Unrealized gains (losses) on available-for-sale securities, net of taxes of $44 and $25 for the three months ended September 30, 2018 and 2017, respectively, and $6 and $257 for the nine months ended September 30, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$40.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities, net of taxes of $44 and $25 for the three months ended September 30, 2018 and 2017, respectively, and $6 and $257 for the nine months ended September 30, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$416.00K	USD	3 Qtrs
Unrealized gains (losses) on hedging derivatives, net of taxes of $2 and $20 for the three months ended September 30, 2018 and 2017, respectively, and $81 and $65 for the nine months ended September 30, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-104.00K	USD	3 Qtrs
Unrealized gains (losses) on hedging derivatives, net of taxes of $2 and $20 for the three months ended September 30, 2018 and 2017, respectively, and $81 and $65 for the nine months ended September 30, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$248.00K	USD	3 Qtrs
Unrealized gains (losses) on hedging derivatives, net of taxes of $2 and $20 for the three months ended September 30, 2018 and 2017, respectively, and $81 and $65 for the nine months ended September 30, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-4.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, net of taxes of $2 and $20 for the three months ended September 30, 2018 and 2017, respectively, and $81 and $65 for the nine months ended September 30, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-30.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$39.31M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$135.38M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.62M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$153.71M	USD	3 Qtrs

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