2012 Q2 Form 10-Q Financial Statement
#000115752312004364 Filed on August 08, 2012
Income Statement
| Concept | 2012 Q2 | 2011 Q2 |
|---|---|---|
| Revenue | $74.57M | $60.80M |
| YoY Change | 22.66% | 31.45% |
| Cost Of Revenue | $26.25M | $23.01M |
| YoY Change | 14.08% | 32.39% |
| Gross Profit | $48.32M | $37.78M |
| YoY Change | 27.9% | 30.82% |
| Gross Profit Margin | 64.8% | 62.14% |
| Selling, General & Admin | $30.62M | $20.63M |
| YoY Change | 48.4% | 32.5% |
| % of Gross Profit | 63.36% | 54.61% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $2.710M | $2.250M |
| YoY Change | 20.44% | 43.31% |
| % of Gross Profit | 5.61% | 5.96% |
| Operating Expenses | $30.62M | $20.63M |
| YoY Change | 48.4% | 20.37% |
| Operating Profit | $14.96M | $14.94M |
| YoY Change | 0.15% | 27.22% |
| Interest Expense | -$30.00K | $30.00K |
| YoY Change | -200.0% | -25.0% |
| % of Operating Profit | -0.2% | 0.2% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $14.96M | $14.94M |
| YoY Change | 0.15% | 26.9% |
| Income Tax | $5.717M | $5.960M |
| % Of Pretax Income | 38.22% | 39.9% |
| Net Earnings | $9.241M | $8.976M |
| YoY Change | 2.95% | 27.68% |
| Net Earnings / Revenue | 12.39% | 14.76% |
| Basic Earnings Per Share | $0.52 | $0.50 |
| Diluted Earnings Per Share | $0.51 | $0.49 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 17.91M shares | 17.89M shares |
| Diluted Shares Outstanding | 18.15M shares | 18.35M shares |
Balance Sheet
| Concept | 2012 Q2 | 2011 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $116.7M | $94.50M |
| YoY Change | 23.49% | 9.63% |
| Cash & Equivalents | $116.7M | $94.50M |
| Short-Term Investments | ||
| Other Short-Term Assets | $10.10M | $6.600M |
| YoY Change | 53.03% | 43.48% |
| Inventory | ||
| Prepaid Expenses | $4.923M | |
| Receivables | $8.763M | $10.10M |
| Other Receivables | $1.700M | $500.0K |
| Total Short-Term Assets | $137.4M | $111.7M |
| YoY Change | 23.01% | 10.05% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $72.59M | $45.20M |
| YoY Change | 60.6% | 43.04% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $993.0K | $1.700M |
| YoY Change | -41.59% | 13.33% |
| Total Long-Term Assets | $73.58M | $46.80M |
| YoY Change | 57.23% | 40.96% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $137.4M | $111.7M |
| Total Long-Term Assets | $73.58M | $46.80M |
| Total Assets | $211.0M | $158.5M |
| YoY Change | 33.11% | 17.67% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $15.19M | $8.800M |
| YoY Change | 72.56% | 62.96% |
| Accrued Expenses | $13.80M | $9.600M |
| YoY Change | 43.72% | 28.0% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $53.09M | $41.00M |
| YoY Change | 29.48% | 41.87% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $53.09M | $41.00M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $62.61M | $48.40M |
| YoY Change | 29.35% | 40.29% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $4.926M | |
| YoY Change | ||
| Common Stock | $151.3M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $7.881M | |
| YoY Change | ||
| Treasury Stock Shares | 240.0K shares | |
| Shareholders Equity | $148.4M | $110.2M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $211.0M | $158.5M |
| YoY Change | 33.11% | 17.67% |
Cashflow Statement
| Concept | 2012 Q2 | 2011 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $9.241M | $8.976M |
| YoY Change | 2.95% | 27.68% |
| Depreciation, Depletion And Amortization | $2.710M | $2.250M |
| YoY Change | 20.44% | 43.31% |
| Cash From Operating Activities | $7.850M | $5.790M |
| YoY Change | 35.58% | 46.21% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$12.53M | -$3.250M |
| YoY Change | 285.54% | -33.67% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$12.53M | -$3.250M |
| YoY Change | 285.54% | -33.67% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -4.430M | -4.580M |
| YoY Change | -3.28% | -395.48% |
| NET CHANGE | ||
| Cash From Operating Activities | 7.850M | 5.790M |
| Cash From Investing Activities | -12.53M | -3.250M |
| Cash From Financing Activities | -4.430M | -4.580M |
| Net Change In Cash | -9.110M | -2.040M |
| YoY Change | 346.57% | -434.43% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $7.850M | $5.790M |
| Capital Expenditures | -$12.53M | -$3.250M |
| Free Cash Flow | $20.38M | $9.040M |
| YoY Change | 125.44% | 2.03% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
18046185 | shares |
| CY2011Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
94503000 | |
| CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
8781000 | |
| CY2012Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
53086000 | |
| CY2012Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2012Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
8700000 | |
| CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
893273 | shares |
| CY2012Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
240000 | shares |
| CY2012Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
993000 | |
| CY2012Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
15185000 | |
| CY2012Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
4923000 | |
| CY2012Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
4926000 | |
| CY2012Q2 | us-gaap |
Assets
Assets
|
210984000 | |
| CY2012Q2 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
9519000 | |
| CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
24.33 | |
| CY2012Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2012Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
210984000 | |
| CY2012Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
8763000 | |
| CY2012Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
18045000 | shares |
| CY2012Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
180000 | |
| CY2012Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
116713000 | |
| CY2012Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
| CY2012Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2012Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
72589000 | |
| CY2012Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
| CY2012Q2 | us-gaap |
Assets Current
AssetsCurrent
|
137402000 | |
| CY2012Q2 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
5225000 | |
| CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
710558 | shares |
| CY2012Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2012Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17805000 | shares |
| CY2012Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
6000000 | |
| CY2012Q2 | us-gaap |
Liabilities
Liabilities
|
62605000 | |
| CY2012Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
7881000 | |
| CY2012Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
13797000 | |
| CY2012Q2 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
1778000 | |
| CY2012Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
21.18 | |
| CY2012Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
151154000 | |
| CY2012Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
148379000 | |
| CY2012Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
8781000 | |
| CY2012Q2 | apei |
Deferred Revenue And Student Deposits
DeferredRevenueAndStudentDeposits
|
24104000 | |
| CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
81352000 | |
| CY2011Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
56688000 | |
| CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2011Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
4996000 | |
| CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1067511 | shares |
| CY2011Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1410000 | |
| CY2011Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
16318000 | |
| CY2011Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
4961000 | |
| CY2011Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-13398000 | |
| CY2011Q4 | us-gaap |
Assets
Assets
|
198891000 | |
| CY2011Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
8370000 | |
| CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
21.22 | |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
198891000 | |
| CY2011Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
9499000 | |
| CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
17844000 | shares |
| CY2011Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
178000 | |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
119006000 | |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
| CY2011Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2011Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
58759000 | |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
| CY2011Q4 | us-gaap |
Assets Current
AssetsCurrent
|
138722000 | |
| CY2011Q4 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
3653000 | |
| CY2011Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2011Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17844000 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
65058000 | |
| CY2011Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
14486000 | |
| CY2011Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
1603000 | |
| CY2011Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2011Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
147053000 | |
| CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
133833000 | |
| CY2011Q4 | apei |
Deferred Revenue And Student Deposits
DeferredRevenueAndStudentDeposits
|
25884000 | |
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
688000 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17912423 | shares | |
| us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
119459000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
2620000 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
27982000 | ||
| us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
628000 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
174000 | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y6M | ||
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4335000 | ||
| us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-252000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
13151000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6908000 | ||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
10575000 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-18000 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.94 | ||
| us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
20605000 | ||
| us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
980000 | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11201000 | ||
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-225000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.3904 | pure | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
16833000 | ||
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
91477000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0201 | pure | |
| us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
600000 | ||
| us-gaap |
Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
|
202000 | ||
| us-gaap |
Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
|
688000 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.92 | ||
| us-gaap |
Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
|
3820000 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
831000 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
6903000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6796000 | ||
| us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
52000 | ||
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
21421000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18359223 | shares | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-5615000 | ||
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
112000 | ||
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1608000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
28034000 | ||
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
212000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
13.22 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-591000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
25674000 | ||
| apei |
Other Stock Based Compensation Expense
OtherStockBasedCompensationExpense
|
69000 | ||
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
5371000 | ||
| us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> 2. Basis of Presentation</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> </font></div> <div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”).  All intercompany transactions have been eliminated in consolidation.  The financial statements do not include all of the information and footnotes required by GAAP for complete financial statement presentations. In the opinion of management, these statements include all adjustments (consisting of normal recurring adjustments) considered necessary to present a fair statement of our consolidated results of operations, financial position and cash flows. Operating results for any interim period are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. This Quarterly Report on Form 10-Q should be read in conjunction with the Company’s consolidated financial statements and footnotes in its audited financial statements included in its Annual Report, on Form 10-K, for the year ended December 31, 2011.</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> </font></div> <div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> Use of Estimates</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div> <div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div> <div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> Recent Accounting Pronouncements</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> </font></div> <div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There have been no applicable pronouncements since our last filing.</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> </font></div> <div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold"> Commitments and</font> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Contingencies</font></font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> </font></div> <div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company accrues for costs associated with contingencies including, but not limited to, regulatory compliance and legal matters when such costs are probable and can be reasonably estimated. Liabilities established to provide for contingencies are adjusted as further information develops, circumstances change, or contingencies are resolved. The Company bases these accruals on management’s estimate of such costs, which may vary from the ultimate cost and expenses associated with any such contingency.</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> </font></div> <div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">From time to time, the Company may be involved in litigation in the normal course of its business.  The Company is not aware of any pending or threatened litigation matters that, in the opinion of management, will have a material adverse effect on the Company’s business, operations, financial condition or cash flows.</font><br /></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> </font></div> <div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On February 28, 2011 the U.S. Department of Education began an on-site program review of APUS's administration of the Title IV programs.  In general, after the Department of Education conducts its site visit and reviews data supplied by the institution, the Department of Education sends the institution a program review report.  The institution has the opportunity to respond to the findings in the program review report.  The Department of Education then issues a final program review determination letter, which identifies any liabilities.  The institution may appeal any monetary liabilities specified in the final program review determination letter.  The site visit for APUS's program review, which covered the 2009-2010 and 2010-2011 award years, took place from February 28, 2011 through March 4, 2011.</font></div> <div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">  </div> <div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company received the program review report in April 2011.  The report included three findings, two of which involved individual student-specific errors.  The third finding was that APUS's policies failed to treat certain students as having unofficially withdrawn from the institution and that the University consequently failed to calculate and return federal student financial aid that APUS was required to return to the Department of Education as the result of these unofficial withdrawals. The Department's position is that students who did not “earn an F grade” in a payment period should be treated as having unofficially withdrawn from the school, even if they had future course registrations in the next payment period. The Company disagrees with this interpretation of Department of Education regulations and APUS filed a response to the Department of Education in June 2011 and responded to follow-up requests from the Department of Education.  </font></div> <div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"> </div> <div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On May 14, 2012 the Department of Education issued a Final Program Review Determination ("FPRD"). The FPRD:  (1) identified liabilities resulting from the program review report findings, (2) provided instructions for payment of the liabilities to the U.S. Department of Education, (3) notified APUS of its right to appeal, and (4) notified APUS that under Department of Education regulations, it is required to post an irrevocable letter of credit payable to the U.S. Secretary of Education due to the number of unpaid and late refunds identified as part of the program review. The liabilities and letter of credit requirements are based on the program review report's finding that APUS's policies improperly failed to treat certain students as having unofficially withdrawn from the institution and that APUS consequently failed to calculate and return federal student financial aid to the Department of Education as a result of these unofficial withdrawals. The FPRD states that APUS's total monetary liability, including interest, is $1,040,851. Notwithstanding the Company's disagreement with the Department's position, after considering the time, effort, expense and other factors involved in a full appeal, the Company determined to pay $909,091. After paying that amount, APUS timely appealed the remaining amount because APUS discovered discrepancies in the Department of Education's records as compared to its records for certain students at issue in the FPRD. In addition, the Company accrued  $56,000 at June 30, 2012 for interest expense related to the FPRD. By letter dated July 24, 2012, the Department of Education withdrew the FPRD without prejudice and indicated its intent to reissue a revised FPRD at a later date. The amount of the monetary liability, excluding interest, is included in accounts receivables at June 30, 2012.  However, because the Company cannot be assured that it will be able to collect the full amounts from these former students, the Company has established a partial reserve against these receivables.</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div> <div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By letter, dated May 16, 2012, the Department of Education informed APUS that as a result of the FPRD, APUS must post an irrevocable letter of credit payable to the U.S. Secretary of Education in an amount equal to 25% of the total amount of unearned Title IV funds that APUS was required to return during the year ended December 31, 2010. The Department of Education has determined that the amount required for the letter of credit is $163,284.  APUS timely posted the required letter of credit.</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div> <div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> Concentration</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div> <div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Approximately 39% of the Company’s revenues for the three and six month periods ended June 30, 2012 were derived from students who received tuition assistance from tuition assistance programs sponsored by the United States Department of Defense compared to approximately 43% and 45% of the Company’s revenues for the three and six months ended June 30, 2011. Approximately 34% of the Company’s revenues for the three and six months ended June 30, 2012,  were from students using financial aid under the Title IV programs compared to 34% and 32% for the three and six months ended June 30, 2011. A reduction in either of these programs or the change in maximum benefits allowed to students could have a significant impact on the Company’s operations.</font></div> </div> | ||
| apei |
Instructional Costs And Expenses
InstructionalCostsAndExpenses
|
45116000 | ||
| apei |
Share Based Compensation Excluding Director Incentive Shares
ShareBasedCompensationExcludingDirectorIncentiveShares
|
1608000 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| dei |
Trading Symbol
TradingSymbol
|
APEI | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
AMERICAN PUBLIC EDUCATION INC | ||
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | ||
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-06-30 | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001201792 | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
845000 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17881865 | shares | |
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
172273 | shares | |
| us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
150394000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
5697000 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
29862000 | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P3Y8M19D | ||
| us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
764000 | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
|||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
36.51 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
3704000 | ||
| us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
175000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-2293000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-19220000 | ||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
10401000 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2968000 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.02 | ||
| us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
28846000 | ||
| us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y | ||
| us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
1166000 | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y7D | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11525000 | ||
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-423000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
18324000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
shares | ||
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
120532000 | ||
| us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
1721000 | ||
| us-gaap |
Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
|
1921000 | ||
| us-gaap |
Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
|
845000 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.01 | ||
| us-gaap |
Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
|
-1780000 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-474000 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
8337000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
18948000 | ||
| us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-13000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
1965 | shares | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
32213000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18182382 | shares | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-5771000 | ||
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
272000 | ||
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1930000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
29849000 | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
4.90 | ||
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-689000 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1133000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
22698000 | ||
| apei |
Other Stock Based Compensation Expense
OtherStockBasedCompensationExpense
|
63000 | ||
| apei |
Instructional Costs And Expenses
InstructionalCostsAndExpenses
|
54102000 | ||
| apei |
Share Based Compensation Excluding Director Incentive Shares
ShareBasedCompensationExcludingDirectorIncentiveShares
|
1930000 | ||
| CY2011Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17890298 | shares |
| CY2011Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
60795000 | |
| CY2011Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14911000 | |
| CY2011Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
294000 | |
| CY2011Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2242000 | |
| CY2011Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.50 | |
| CY2011Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
9721000 | |
| CY2011Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
452000 | |
| CY2011Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5960000 | |
| CY2011Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8976000 | |
| CY2011Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
45884000 | |
| CY2011Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.49 | |
| CY2011Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
25000 | |
| CY2011Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
10910000 | |
| CY2011Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18345775 | shares |
| CY2011Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
746000 | |
| CY2011Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
14936000 | |
| CY2011Q2 | apei |
Instructional Costs And Expenses
InstructionalCostsAndExpenses
|
23011000 | |
| CY2012Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17910787 | shares |
| CY2012Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
74572000 | |
| CY2012Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14992000 | |
| CY2012Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
363000 | |
| CY2012Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2715000 | |
| CY2012Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.52 | |
| CY2012Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
14475000 | |
| CY2012Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
554000 | |
| CY2012Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5717000 | |
| CY2012Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
9241000 | |
| CY2012Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
59580000 | |
| CY2012Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.51 | |
| CY2012Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-34000 | |
| CY2012Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
16141000 | |
| CY2012Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18151491 | shares |
| CY2012Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
917000 | |
| CY2012Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
14958000 | |
| CY2012Q2 | apei |
Instructional Costs And Expenses
InstructionalCostsAndExpenses
|
26249000 |
