$APEI
AMERICAN PUBLIC EDUCATION INC Stock $apei

$apei Overview Financials Valuation SEC Filings Company Website

2012 Q4 Form 10-Q Financial Statement

#000115752312005885 Filed on November 08, 2012

Income Statement

Concept	2012 Q4	2012 Q3	2011 Q3
Revenue	$86.00M	$77.12M	$65.25M
YoY Change	13.66%	18.19%	35.1%
Cost Of Revenue	$29.65M	$26.44M	$23.95M
YoY Change	13.38%	10.4%	22.95%
Gross Profit	$56.35M	$50.69M	$41.30M
YoY Change	13.79%	22.74%	43.35%
Gross Profit Margin	65.52%	65.73%	63.29%
Selling, General & Admin	$31.91M	$30.41M	$23.87M
YoY Change	17.45%	27.42%	33.92%
% of Gross Profit	56.63%	59.99%	57.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.020M	$2.760M	$2.400M
YoY Change	20.8%	15.0%	42.86%
% of Gross Profit	5.36%	5.44%	5.81%
Operating Expenses	$34.93M	$30.41M	$23.87M
YoY Change	17.73%	27.42%	22.38%
Operating Profit	$21.54M	$17.55M	$15.07M
YoY Change	8.43%	16.45%	61.86%
Interest Expense	$120.0K	$30.00K	$40.00K
YoY Change	500.0%	-25.0%	33.33%
% of Operating Profit	0.56%	0.17%	0.27%
Other Income/Expense, Net
YoY Change
Pretax Income	$21.54M	$17.55M	$15.07M
YoY Change	8.4%	16.45%	61.34%
Income Tax	$8.280M	$6.724M	$4.130M
% Of Pretax Income	38.44%	38.32%	27.41%
Net Earnings	$13.18M	$10.82M	$10.94M
YoY Change	1.46%	-1.05%	95.69%
Net Earnings / Revenue	15.32%	14.03%	16.76%
Basic Earnings Per Share	$0.73	$0.61	$0.61
Diluted Earnings Per Share	$0.74	$0.60	$0.60
COMMON SHARES
Basic Shares Outstanding	18.06M shares	17.71M shares	17.84M shares
Diluted Shares Outstanding		17.95M shares	18.25M shares

Balance Sheet

Concept	2012 Q4	2012 Q3	2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$114.9M	$101.6M	$107.3M
YoY Change	-3.45%	-5.31%	23.9%
Cash & Equivalents	$114.9M	$101.6M	$107.3M
Short-Term Investments
Other Short-Term Assets	$10.80M	$11.10M	$7.700M
YoY Change	24.14%	44.16%	40.0%
Inventory
Prepaid Expenses	$4.290M	$3.997M
Receivables	$10.43M	$19.86M	$9.200M
Other Receivables	$5.000M	$3.300M	$3.100M
Total Short-Term Assets	$141.1M	$135.9M	$127.2M
YoY Change	1.7%	6.83%	23.98%
LONG-TERM ASSETS
Property, Plant & Equipment	$82.84M	$79.48M	$50.10M
YoY Change	40.98%	58.64%	41.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$6.664M	$6.750M
YoY Change
Other Assets	$1.025M	$1.008M	$1.400M
YoY Change	-27.3%	-28.0%	-17.65%
Total Long-Term Assets	$96.53M	$93.24M	$51.50M
YoY Change	60.43%	81.04%	38.44%
TOTAL ASSETS
Total Short-Term Assets	$141.1M	$135.9M	$127.2M
Total Long-Term Assets	$96.53M	$93.24M	$51.50M
Total Assets	$237.6M	$229.1M	$178.7M
YoY Change	19.46%	28.22%	27.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$17.25M	$19.01M	$10.90M
YoY Change	5.72%	74.42%	65.15%
Accrued Expenses	$12.04M	$16.20M	$12.00M
YoY Change	-16.87%	35.02%	18.81%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$55.07M	$63.83M	$50.00M
YoY Change	-2.85%	27.66%	38.12%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$55.07M	$63.83M	$50.00M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$66.45M	$73.50M	$58.70M
YoY Change	2.14%	25.2%	39.76%
SHAREHOLDERS EQUITY
Retained Earnings	$13.53M	$15.75M
YoY Change	-200.96%
Common Stock	$157.6M	$152.6M
YoY Change	7.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)		$12.67M
YoY Change
Treasury Stock Shares		410.0K shares
Shareholders Equity	$171.2M	$155.6M	$120.1M
YoY Change
Total Liabilities & Shareholders Equity	$237.6M	$229.1M	$178.7M
YoY Change	19.46%	28.22%	27.83%

Cashflow Statement

Concept	2012 Q4	2012 Q3	2011 Q3
OPERATING ACTIVITIES
Net Income	$13.18M	$10.82M	$10.94M
YoY Change	1.46%	-1.05%	95.69%
Depreciation, Depletion And Amortization	$3.020M	$2.760M	$2.400M
YoY Change	20.8%	15.0%	42.86%
Cash From Operating Activities	$18.42M	$11.80M	$21.83M
YoY Change	-19.7%	-45.95%	48.6%
INVESTING ACTIVITIES
Capital Expenditures	-$6.460M	-$9.660M	-$7.080M
YoY Change	-42.53%	36.44%	26.2%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$12.75M	$0.00
YoY Change
Cash From Investing Activities	-$6.460M	-$22.41M	-$7.080M
YoY Change	-42.53%	216.53%	26.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.370M	-4.540M	-1.930M
YoY Change		135.23%	-77.66%
NET CHANGE
Cash From Operating Activities	18.42M	11.80M	21.83M
Cash From Investing Activities	-6.460M	-22.41M	-7.080M
Cash From Financing Activities	1.370M	-4.540M	-1.930M
Net Change In Cash	13.33M	-15.15M	12.82M
YoY Change	13.93%	-218.17%	2813.64%
FREE CASH FLOW
Cash From Operating Activities	$18.42M	$11.80M	$21.83M
Capital Expenditures	-$6.460M	-$9.660M	-$7.080M
Free Cash Flow	$24.88M	$21.46M	$28.91M
YoY Change	-27.21%	-25.77%	42.41%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	18064336	shares
CY2011Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	107306000
CY2012Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	10536000
CY2012Q3	us-gaap	Liabilities Current LiabilitiesCurrent	63832000
CY2012Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2012Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	11913000
CY2012Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	871312	shares
CY2012Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	410000	shares
CY2012Q3	us-gaap	Equity Method Investments EquityMethodInvestments	6750000
CY2012Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1008000
CY2012Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	19012000
CY2012Q3	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent
CY2012Q3	us-gaap	Notes And Loans Receivable Net Noncurrent NotesAndLoansReceivableNetNoncurrent	6000000
CY2012Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3997000
CY2012Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	15751000
CY2012Q3	us-gaap	Assets Assets	229125000
CY2012Q3	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	9663000
CY2012Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	24.63
CY2012Q3	us-gaap	Number Of Countries In Which Entity Operates NumberOfCountriesInWhichEntityOperates	63	Country
CY2012Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2012Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	229125000
CY2012Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	19860000
CY2012Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	18064000	shares
CY2012Q3	us-gaap	Common Stock Value CommonStockValue	181000
CY2012Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	101561000
CY2012Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2012Q3	us-gaap	Preferred Stock Value PreferredStockValue
CY2012Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	79479000
CY2012Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding		shares
CY2012Q3	us-gaap	Assets Current AssetsCurrent	135888000
CY2012Q3	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	41	State
CY2012Q3	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	7103000
CY2012Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	693563	shares
CY2012Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2012Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	18064000	shares
CY2012Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2012Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	5000000
CY2012Q3	us-gaap	Liabilities Liabilities	73495000
CY2012Q3	us-gaap	Treasury Stock Value TreasuryStockValue	12672000
CY2012Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	16202000
CY2012Q3	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	3367000
CY2012Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2012Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	21.56
CY2012Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	152370000
CY2012Q3	us-gaap	Stockholders Equity StockholdersEquity	155630000
CY2012Q3	us-gaap	Equity Method Investment Ownership Percentage EquityMethodInvestmentOwnershipPercentage	0.199	pure
CY2012Q3	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	10441000
CY2012Q3	apei	Deferred Revenue And Student Deposits DeferredRevenueAndStudentDeposits	28618000
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	Accrued Income Taxes Current AccruedIncomeTaxesCurrent
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	910000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17887624	shares
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	184710000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	4574000
	us-gaap	Operating Income Loss OperatingIncomeLoss	43016000
	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	949000
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2203000
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P4Y6M
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	6739000
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	2334000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	25954000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-13994000
	us-gaap	Income Taxes Paid IncomeTaxesPaid	16383000
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1096000
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.55
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	32310000
	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	1471000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	15331000
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	26000
	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	27772000
	us-gaap	Costs And Expenses CostsAndExpenses	141694000
	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	1284000
	us-gaap	Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions	1786000
	us-gaap	Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions	910000
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.52
	us-gaap	Increase Decrease In Deferred Revenue And Customer Advances And Deposits IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits	8301000
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	724000
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	9746000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	13774000
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	87000
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	33581000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	18321204	shares
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-7552000
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	220000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2420000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	43103000
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	2625000
	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 Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1458000
	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	47500000
	apei	Other Stock Based Compensation Expense OtherStockBasedCompensationExpense	110000
	apei	Instructional Costs And Expenses InstructionalCostsAndExpenses	69064000
	apei	Share Based Compensation Excluding Director Incentive Shares ShareBasedCompensationExcludingDirectorIncentiveShares	2420000
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	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	2012-09-30
	dei	Entity Central Index Key EntityCentralIndexKey	0001201792
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	934000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17823508	shares
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	188818	shares
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	227516000
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	6000000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	6204000
	us-gaap	Operating Income Loss OperatingIncomeLoss	47380000
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P3Y5M23D
	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	1136000
	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	34.28
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	6917000
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P0Y
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	8131000
	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> 2. Basis of Presentation</font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> </font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> </font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"> Use of Estimates</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"> Recent Accounting Pronouncements</font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> </font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">There have been no applicable pronouncements since our last filing.</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"> Investment</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On September 30, 2012, the Company made a $6.8 million or approximately 19.9% investment in preferred stock of NWHW Holdings, Inc., which in turn acquired  New Horizons Worldwide, Inc.("New Horizons").  New Horizons is a global IT training company operating approximately 260 locations around the world through franchise arrangements in 41 states and 63 countries.  In connection with the investment, APEI is entitled to certain rights, including right to representation on the Board of Directors of NWHW Holdings. The Company recorded the investment  at cost and will recognize its share of earnings or losses in the investee in the periods for which they are reported with a corresponding adjustment in the carrying amount of the investment.</font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">  </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"> Note Receivable</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In connection with the Company's minority investment in NWHW Holdings, Inc., the Company extended $6.0 million in credit to New Horizons in exchange for a subordinated note. The note matures on September 28, 2018 with monthly interest payments of 5.0% per annum during the first five years of the note and interest payments of 6.0% per annum in the sixth year.</font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> </font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic"> Commitments and</font> <font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic">Contingencies</font></font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> </font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"> Concentration</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Approximately 37% and 39% of the Company’s revenues for the three and nine month periods ended September 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 39% and 43% of the Company’s revenues for the three and nine months ended September 30, 2011, respectively. Approximately 37% and 35% of the Company’s revenues for the three and nine months ended September 30, 2012, respectively, were from students using financial aid under the Title IV programs compared to 39% and 34%, respectively,  for the three and nine months ended September 30, 2011, respectively. 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>
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	1764000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-17445000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-41632000
	us-gaap	Income Taxes Paid IncomeTaxesPaid	20283000
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	17278000
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.64
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	43276000
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P10M24D
	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	1734000
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P3Y9M15D
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	18249000
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2157000
	us-gaap	Net Income Loss NetIncomeLoss	29148000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod		shares
	us-gaap	Costs And Expenses CostsAndExpenses	180136000
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	1885000
	us-gaap	Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions	2122000
	us-gaap	Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions	934000
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	6750000
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.61
	us-gaap	Increase Decrease In Deferred Revenue And Customer Advances And Deposits IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits	2734000
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1398000
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	13128000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	28510000
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	17000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	7381	shares
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	48191000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	18103996	shares
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-10309000
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	372000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2870000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	47397000
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	4.95
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	1716000
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	2694000
	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	34496000
	apei	Other Stock Based Compensation Expense OtherStockBasedCompensationExpense	87000
	apei	Instructional Costs And Expenses InstructionalCostsAndExpenses	80538000
	apei	Share Based Compensation Excluding Director Incentive Shares ShareBasedCompensationExcludingDirectorIncentiveShares	2870000
	apei	Notes Receivable Maturity Date NotesReceivableMaturityDate	2018-09-28
CY2011Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17843069	shares
CY2011Q3	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	65251000
CY2011Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	15034000
CY2011Q3	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	321000
CY2011Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2404000
CY2011Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.61
CY2011Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	11705000
CY2011Q3	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	491000
CY2011Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4130000
CY2011Q3	us-gaap	Net Income Loss NetIncomeLoss	10939000
CY2011Q3	us-gaap	Costs And Expenses CostsAndExpenses	50217000
CY2011Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.60
CY2011Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	35000
CY2011Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12160000
CY2011Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	18253426	shares
CY2011Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	812000
CY2011Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	15069000
CY2011Q3	apei	Instructional Costs And Expenses InstructionalCostsAndExpenses	23948000
CY2012Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17706088	shares
CY2012Q3	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	77122000
CY2012Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	17518000
CY2012Q3	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	372000
CY2012Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2760000
CY2012Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.61
CY2012Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	14430000
CY2012Q3	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	568000
CY2012Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6724000
CY2012Q3	us-gaap	Net Income Loss NetIncomeLoss	10824000
CY2012Q3	us-gaap	Costs And Expenses CostsAndExpenses	59604000
CY2012Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.60
CY2012Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	30000
CY2012Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	15978000
CY2012Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17950524	shares
CY2012Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	940000
CY2012Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	17548000
CY2012Q3	apei	Instructional Costs And Expenses InstructionalCostsAndExpenses	26436000

Files In Submission

Name	View Source	Status
0001157523-12-005885-index-headers.html	Edgar Link	pending
0001157523-12-005885-index.html	Edgar Link	pending
0001157523-12-005885.txt	Edgar Link	pending
0001157523-12-005885-xbrl.zip	Edgar Link	pending
a50464693.htm	Edgar Link	pending
a50464693ex31_01.htm	Edgar Link	pending
a50464693ex31_02.htm	Edgar Link	pending
apei-20120930.xml	Edgar Link	completed
apei-20120930.xsd	Edgar Link	pending
apei-20120930_cal.xml	Edgar Link	unprocessable
apei-20120930_def.xml	Edgar Link	unprocessable
apei-20120930_lab.xml	Edgar Link	unprocessable
apei-20120930_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$APEI
AMERICAN PUBLIC EDUCATION INC Stock $apei

2012 Q4 Form 10-Q Financial Statement

#000115752312005885 Filed on November 08, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$APEI AMERICAN PUBLIC EDUCATION INC Stock $apei

2012 Q4 Form 10-Q Financial Statement

#000115752312005885 Filed on November 08, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$APEI
AMERICAN PUBLIC EDUCATION INC Stock $apei