10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-010167`
Period End Date	20190930
Filing Date	20191106
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	lope-20190930x10qc7619c_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 76 Cash Flow Statement 81 Stockholders Equity 19 Comprehensive Income 20

Balance Sheet 89 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`	$119.71M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.35M	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
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$300.00K	USD	Point-in-time
Investments	`Investments`	$14.15M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`Investments`	$69.00M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$46.83M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$83.38M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Interest receivable on Secured Note	`InterestReceivable`	$4.65M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.69M	shares	Point-in-time
Interest receivable on Secured Note	`InterestReceivable`	$5.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.05M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.56M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$8.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.20M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.49M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.96M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.75M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$309.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$237.54M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$111.04M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$118.64M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$498.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$27.73M	USD	Point-in-time
Secured Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$900.09M	USD	Point-in-time
Secured Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$1.01B	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$204.24M	USD	Point-in-time
Goodwill	`Goodwill`	$160.87M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$478.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.74M	USD	Point-in-time
Total assets	`Assets`	$1.76B	USD	Point-in-time
Total assets	`Assets`	$1.32B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.74M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$15.43M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$23.69M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.91M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$18.95M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.40M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.44M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$9.20M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$2.71M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$36.47M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$45.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$124.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$80.52M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$6.46M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$18.31M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.00K	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$25.44M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$211.06M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$23.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$378.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$110.42M	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, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at September 30, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,050 and 52,690 shares issued and 48,303 and 48,201 shares outstanding at September 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$527.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,050 and 52,690 shares issued and 48,303 and 48,201 shares outstanding at September 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$530.00K	USD	Point-in-time
Treasury stock, at cost, 4,747 and 4,489 shares of common stock at September 30, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$150.87M	USD	Point-in-time
Treasury stock, at cost, 4,747 and 4,489 shares of common stock at September 30, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$125.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$268.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$256.81M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-782.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-453.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.08B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.26B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$985.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.21B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.76B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.32B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$512.50M	USD	2 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$565.40M	USD	3 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$667.95M	USD	3 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$155.45M	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$193.29M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$24.23M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$65.38M	USD	3 Qtrs
Technology and academic services	`TechnologyAndAcademicServices`	$32.48M	USD	3 Qtrs
Technology and academic services	`TechnologyAndAcademicServices`	$11.10M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$163.64M	USD	3 Qtrs
Counseling services and support	`CounselingServicesAndSupport`	$51.12M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$56.25M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$152.70M	USD	3 Qtrs
Marketing and communication	`MarketingExpense`	$109.03M	USD	3 Qtrs
Marketing and communication	`MarketingExpense`	$31.55M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$37.34M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$90.17M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$13.56M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$34.17M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.09M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.27M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.04M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.18M	USD	1 Quarter
University related expenses	`UniversityRelatedExpenses`	$6.57M	USD	1 Quarter
University related expenses	`UniversityRelatedExpenses`	$173.74M	USD	3 Qtrs
Loss on transaction	`LossOnTransaction`	$3.97M	USD	3 Qtrs
Loss on transaction	`LossOnTransaction`	$15.61M	USD	1 Quarter
Loss on transaction	`LossOnTransaction`	$17.60M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$489.95M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$133.56M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$382.24M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$126.03M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$178.00M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$29.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$59.73M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$183.16M	USD	3 Qtrs
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$16.21M	USD	1 Quarter
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$13.25M	USD	3 Qtrs
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$13.25M	USD	1 Quarter
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$44.42M	USD	3 Qtrs
Interest expense	`InterestExpense`	$961.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.88M	USD	1 Quarter
Interest expense	`InterestExpense`	$558.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.37M	USD	3 Qtrs
Investment interest and other	`InvestmentIncomeNonoperating`	$255.00K	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$4.04M	USD	3 Qtrs
Investment interest and other	`InvestmentIncomeNonoperating`	$2.92M	USD	3 Qtrs
Investment interest and other	`InvestmentIncomeNonoperating`	$371.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$73.32M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.48M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$223.26M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$193.21M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$40.75M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.72M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$39.73M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$15.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$153.48M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$182.51M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$33.76M	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$3.82	USD	3 Qtrs
Basic income per share	`EarningsPerShareBasic`	$1.21	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$3.22	USD	3 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.20	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$3.17	USD	3 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$3.78	USD	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.68M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.83M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.59M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.92M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.43M	shares	3 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.34M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.32M	shares	3 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.42M	shares	1 Quarter

Cash Flow Statement 81 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$153.48M	USD	3 Qtrs
Net income	`ProfitLoss`	$182.51M	USD	3 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$17.07M	USD	3 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$7.74M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$8.67M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$31.78M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$13.82M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.04M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.18M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.87M	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
Loss on transaction, net of costs and asset impairment	`GainLossOnTransactionNetOfCostsAndAssetImpairment`	$-3.97M	USD	3 Qtrs
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-1.41M	USD	3 Qtrs
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$369.00K	USD	3 Qtrs
Accounts receivable and interest receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$69.50M	USD	3 Qtrs
Accounts receivable and interest receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$33.85M	USD	3 Qtrs
Accounts receivable	`AccountsReceivableRelatedToUniversityOperations`	$7.78M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.19M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$555.00K	USD	3 Qtrs
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$419.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.49M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-11.94M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$10.13M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-8.67M	USD	3 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-15.89M	USD	3 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.60M	USD	3 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-189.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$9.16M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$6.88M	USD	3 Qtrs
Student deposits	`IncreaseDecreaseInContractWithCustomerLiabilityStudentDeposits`	$-7.29M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$195.13M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$96.54M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$15.18M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$90.48M	USD	3 Qtrs
Amortization of intangible assets	`PaymentsToDevelopEducationResources`	$191.00K	USD	3 Qtrs
Disposition	`PaymentsRelatedToDispositionOfProductiveAssets`	$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
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$361.18M	USD	3 Qtrs
Funding to GCU for capital expenditures	`LoansForFundingOfCapitalExpenditure`	$12.80M	USD	3 Qtrs
Funding to GCU for capital expenditures	`LoansForFundingOfCapitalExpenditure`	$169.82M	USD	3 Qtrs
Repayment by GCU for capital expenditures	`RepaymentOfNotesReceivableAdditionalFundingForCapitalExpenditures`	$60.00M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$31.45M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$1.70M	USD	3 Qtrs
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$50.56M	USD	3 Qtrs
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$56.96M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-215.73M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-431.11M	USD	3 Qtrs
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$71.96M	USD	3 Qtrs
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$5.08M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.38M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$243.75M	USD	3 Qtrs
Net borrowings from revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$26.25M	USD	3 Qtrs
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$25.42M	USD	3 Qtrs
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$19.29M	USD	3 Qtrs
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.10M	USD	3 Qtrs
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.74M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$173.97M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.27M	USD	3 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-62.00M	USD	3 Qtrs
Net decrease 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`	$120.01M	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`	$182.01M	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`	$120.01M	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`	$182.01M	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`	$7.75M	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`	$45.79M	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	`CapitalExpendituresIncurredButNotYetPaid`	$924.00K	USD	3 Qtrs
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.80M	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
Lease adoption - gross up of right of use assets and lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$498.00K	USD	3 Qtrs
Reclassification of tax effect within accumulated other comprehensive income	`ReclassificationOfTaxEffectWithinAccumulatedOtherComprehensiveIncome`	$156.00K	USD	3 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.38B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$985.95M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.21B	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`	$33.62M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$153.71M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$182.18M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$58.09M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$17.29M	USD	3 Qtrs
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$4.13M	USD	3 Qtrs
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-387.00K	USD	3 Qtrs
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.91M	USD	3 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.74M	USD	3 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.10M	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$1.38B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$985.95M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.21B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.14B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$58.15M	USD	1 Quarter
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$6.00K	USD	3 Qtrs
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$44.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$153.48M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$182.51M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$33.76M	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$89.00K	USD	3 Qtrs
Unrealized gains (losses) on hedging derivatives, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$19.00K	USD	1 Quarter
Unrealized gains on available-for-sale securities, net of taxes of $44 for the three months ended September 30, 2018, and $6 for the nine months ended September 30, 2018	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-133.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$81.00K	USD	3 Qtrs
Unrealized gains on available-for-sale securities, net of taxes of $44 for the three months ended September 30, 2018, and $6 for the nine months ended September 30, 2018	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-20.00K	USD	3 Qtrs
Unrealized gains (losses) on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$2.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, net of taxes of $19 and $89 for the three and nine months ended September 30, 2019	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-58.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, net of taxes of $19 and $89 for the three and nine months ended September 30, 2019	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-329.00K	USD	3 Qtrs
Unrealized gains (losses) on hedging derivatives, net of taxes of $2 and $81 for the three and nine months ended September 30, 2018	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$248.00K	USD	3 Qtrs
Unrealized gains (losses) on hedging derivatives, net of taxes of $2 and $81 for the three and nine months ended September 30, 2018	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-4.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.62M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$153.71M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$182.18M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$58.09M	USD	1 Quarter

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