$APEI
AMERICAN PUBLIC EDUCATION INC Stock $apei

$apei Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000120179218000006 Filed on May 08, 2018

Income Statement

Concept	2018 Q1	2017 Q4	2017 Q1
Revenue	$74.97M	$78.09M	$75.69M
YoY Change	-0.95%	-0.69%	-9.86%
Cost Of Revenue	$29.69M	$28.65M	$28.96M
YoY Change	2.51%	-4.66%	-2.52%
Gross Profit	$45.28M	$49.44M	$46.73M
YoY Change	-3.1%	1.77%	-13.88%
Gross Profit Margin	60.4%	63.32%	61.74%
Selling, General & Admin	$34.47M	$31.65M	$33.19M
YoY Change	3.85%	-2.53%	0.16%
% of Gross Profit	76.12%	64.02%	71.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.520M	$4.620M	$4.740M
YoY Change	-4.64%	-2.94%	-3.07%
% of Gross Profit	9.98%	9.34%	10.14%
Operating Expenses	$34.47M	$36.26M	$33.19M
YoY Change	3.85%	-2.58%	0.16%
Operating Profit	$6.162M	$13.18M	$8.307M
YoY Change	-25.82%	16.02%	-47.98%
Interest Expense	$493.0K	$140.0K	$11.00K
YoY Change	4381.82%	1300.0%	-70.27%
% of Operating Profit	8.0%	1.06%	0.13%
Other Income/Expense, Net
YoY Change
Pretax Income	$6.655M	$12.78M	$8.318M
YoY Change	-19.99%	13.48%	-48.04%
Income Tax	$1.865M	$5.530M	$3.849M
% Of Pretax Income	28.02%	43.28%	46.27%
Net Earnings	$4.589M	$8.417M	$4.509M
YoY Change	1.77%	22.11%	-56.39%
Net Earnings / Revenue	6.12%	10.78%	5.96%
Basic Earnings Per Share	$0.28	$0.52	$0.28
Diluted Earnings Per Share	$0.28	$0.51	$0.28
COMMON SHARES
Basic Shares Outstanding	16.36M shares	16.27M shares	16.19M shares
Diluted Shares Outstanding	16.53M shares		16.32M shares

Balance Sheet

Concept	2018 Q1	2017 Q4	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$186.2M	$179.2M	$147.8M
YoY Change	25.98%	22.4%	23.17%
Cash & Equivalents	$186.2M	$179.2M	$147.8M
Short-Term Investments
Other Short-Term Assets	$7.400M	$4.800M	$7.400M
YoY Change	0.0%	-9.43%	-36.21%
Inventory
Prepaid Expenses	$7.409M	$4.792M	$7.397M
Receivables	$7.924M	$7.136M	$6.200M
Other Receivables	$0.00	$0.00	$4.200M
Total Short-Term Assets	$201.5M	$191.1M	$165.6M
YoY Change	21.65%	20.49%	17.34%
LONG-TERM ASSETS
Property, Plant & Equipment	$90.25M	$95.25M	$95.73M
YoY Change	-5.73%	-2.5%	-11.37%
Goodwill	$33.90M	$33.90M	$33.90M
YoY Change	0.0%	0.0%	-12.26%
Intangibles		$4.606M
YoY Change		-11.49%
Long-Term Investments	$12.30M	$12.48M	$14.65M
YoY Change	-16.05%	-14.58%	-16.11%
Other Assets	$8.304M	$6.276M	$8.305M
YoY Change	-0.01%	-27.83%	-9.06%
Total Long-Term Assets	$144.7M	$147.9M	$154.7M
YoY Change	-6.43%	-5.79%	-10.71%
TOTAL ASSETS
Total Short-Term Assets	$201.5M	$191.1M	$165.6M
Total Long-Term Assets	$144.7M	$147.9M	$154.7M
Total Assets	$346.2M	$339.0M	$320.3M
YoY Change	8.09%	7.42%	1.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.952M	$8.844M	$4.837M
YoY Change	2.38%	29.05%	-32.55%
Accrued Expenses	$15.74M	$3.621M	$11.82M
YoY Change	33.18%	-74.36%	-34.09%
Deferred Revenue	$19.75M	$19.37M
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$45.32M	$43.35M	$39.83M
YoY Change	13.78%	2.79%	-21.91%
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	$45.32M	$43.35M	$39.83M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$52.45M	$49.63M	$51.20M
YoY Change	2.45%	-2.59%	-23.61%
SHAREHOLDERS EQUITY
Retained Earnings	$108.3M	$108.6M	$91.96M
YoY Change	17.76%	24.15%	24.89%
Common Stock	$180.9M	$180.8M	$177.2M
YoY Change	2.11%	2.04%	1.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$293.8M	$289.4M	$269.1M
YoY Change
Total Liabilities & Shareholders Equity	$346.2M	$339.0M	$320.3M
YoY Change	8.09%	7.42%	1.88%

Cashflow Statement

Concept	2018 Q1	2017 Q4	2017 Q1
OPERATING ACTIVITIES
Net Income	$4.589M	$8.417M	$4.509M
YoY Change	1.77%	22.11%	-56.39%
Depreciation, Depletion And Amortization	$4.520M	$4.620M	$4.740M
YoY Change	-4.64%	-2.94%	-3.07%
Cash From Operating Activities	$10.24M	$18.68M	$5.054M
YoY Change	102.69%	40.24%	-74.8%
INVESTING ACTIVITIES
Capital Expenditures	$1.666M	-$5.250M	$1.670M
YoY Change	-0.24%	-0.38%	-46.8%
Acquisitions
YoY Change
Other Investing Activities		-$300.0K	$0.00
YoY Change		-135.71%	-100.0%
Cash From Investing Activities	-$1.666M	-$5.550M	-$2.297M
YoY Change	-27.47%	25.57%	-44.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$1.615M		$1.304M
YoY Change	23.85%		106.98%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$1.615M	-190.0K	-$1.304M
YoY Change	23.85%	-24.0%	-20.0%
NET CHANGE
Cash From Operating Activities	$10.24M	18.68M	$5.054M
Cash From Investing Activities	-$1.666M	-5.550M	-$2.297M
Cash From Financing Activities	-$1.615M	-190.0K	-$1.304M
Net Change In Cash	$6.963M	12.94M	$1.453M
YoY Change	379.22%	49.6%	-89.8%
FREE CASH FLOW
Cash From Operating Activities	$10.24M	$18.68M	$5.054M
Capital Expenditures	$1.666M	-$5.250M	$1.670M
Free Cash Flow	$8.578M	$23.93M	$3.384M
YoY Change	153.49%	28.73%	-79.99%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q1	apei	Capitalized Program Development Costs And Other Assets CapitalizedProgramDevelopmentCostsAndOtherAssets	627000	USD
CY2018Q1	apei	Capitalized Program Development Costs And Other Assets CapitalizedProgramDevelopmentCostsAndOtherAssets	239000	USD
CY2017Q1	apei	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount	-500000	USD
CY2018Q1	apei	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount	-200000	USD
CY2018Q1	apei	Graduation Fee Per Degree GraduationFeePerDegree	100	USD
CY2017Q1	apei	Instructional Costs And Expenses InstructionalCostsAndExpenses	28956000	USD
CY2018Q1	apei	Instructional Costs And Expenses InstructionalCostsAndExpenses	29686000	USD
CY2018Q1	apei	Number Of Days Of Bill Date To Receive Payment NumberOfDaysOfBillDateToReceivePayment	P30D
CY2018Q1	apei	Number Of Students NumberOfStudents	84700	student
CY2018Q1	apei	Number Of Subsidiaries NumberOfSubsidiaries	2	subsidiary
CY2018Q1	apei	Percentage Of Students Served In Military On Active Duty At Time Of Initial Enrollment PercentageOfStudentsServedInMilitaryOnActiveDutyAtTimeOfInitialEnrollment	0.54
CY2018Q1	dei	Amendment Flag AmendmentFlag	false
CY2018Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2018Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2018Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2018Q1	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
CY2018Q1	dei	Document Type DocumentType	10-Q
CY2018Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001201792
CY2018Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	16399199	shares
CY2018Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2018Q1	dei	Entity Registrant Name EntityRegistrantName	AMERICAN PUBLIC EDUCATION INC
CY2017Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	8844000	USD
CY2018Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	4952000	USD
CY2017Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7136000	USD
CY2018Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7924000	USD
CY2017Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	13423000	USD
CY2018Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	15744000	USD
CY2017Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	180674000	USD
CY2018Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	180735000	USD
CY2017Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1246000	USD
CY2018Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1843000	USD
CY2017Q1	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	752000	USD
CY2018Q1	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	1353000	USD
CY2017Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	6276000	USD
CY2018Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	6181000	USD
CY2017Q4	us-gaap	Assets Assets	339038000	USD
CY2018Q1	us-gaap	Assets Assets	346231000	USD
CY2017Q4	us-gaap	Assets Current AssetsCurrent	191133000	USD
CY2018Q1	us-gaap	Assets Current AssetsCurrent	201501000	USD
CY2017Q4	us-gaap	Capitalized Contract Cost Net CapitalizedContractCostNet	0	USD
CY2018Q1	us-gaap	Capitalized Contract Cost Net CapitalizedContractCostNet	0	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	146351000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	147804000	USD
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	179205000	USD
CY2018Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	186168000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	1453000	USD
CY2018Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	6963000	USD
CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2018Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2018Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2018Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	16268000	shares
CY2018Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	16399000	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	16268000	shares
CY2018Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	16399000	shares
CY2017Q4	us-gaap	Common Stock Value CommonStockValue	163000	USD
CY2018Q1	us-gaap	Common Stock Value CommonStockValue	164000	USD
CY2017Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	0	USD
CY2018Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	0	USD
CY2018Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	22000000	USD
CY2018Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	13000000	USD
CY2018Q1	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	9000000	USD
CY2017Q1	us-gaap	Costs And Expenses CostsAndExpenses	67381000	USD
CY2018Q1	us-gaap	Costs And Expenses CostsAndExpenses	68805000	USD
CY2017Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2588000	USD
CY2018Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	850000	USD
CY2017Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	6281000	USD
CY2018Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	7131000	USD
CY2018Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	6180000	USD
CY2017Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	19374000	USD
CY2018Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	21957000	USD
CY2018Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	19753000	USD
CY2017Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	4744000	USD
CY2018Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	4522000	USD
CY2017Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
CY2018Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
CY2017Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
CY2018Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
CY2017Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.461
CY2018Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.289
CY2017Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	494000	USD
CY2018Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	490000	USD
CY2018Q1	us-gaap	Equity Method Investment Other Than Temporary Impairment EquityMethodInvestmentOtherThanTemporaryImpairment	500000	USD
CY2017Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-490000	USD
CY2018Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-128000	USD
CY2017Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	17756000	USD
CY2018Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	18888000	USD
CY2017Q4	us-gaap	Goodwill Goodwill	33899000	USD
CY2018Q1	us-gaap	Goodwill Goodwill	33899000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	8318000	USD
CY2018Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	6655000	USD
CY2017Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	40000	USD
CY2018Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-201000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3849000	USD
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1865000	USD
CY2017Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	6052000	USD
CY2018Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-2016000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-3892000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-749000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	788000	USD
CY2017Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-559000	USD
CY2018Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	958000	USD
CY2017Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-2783000	USD
CY2018Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	1870000	USD
CY2017Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	2535000	USD
CY2018Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	2305000	USD
CY2017Q1	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	4233000	USD
CY2018Q1	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	0	USD
CY2017Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2196000	USD
CY2018Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2380000	USD
CY2017Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	11000	USD
CY2018Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	493000	USD
CY2017Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	12481000	USD
CY2018Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	12280000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	49632000	USD
CY2018Q1	us-gaap	Liabilities Liabilities	52452000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	339038000	USD
CY2018Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	346231000	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	43351000	USD
CY2018Q1	us-gaap	Liabilities Current LiabilitiesCurrent	45321000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1304000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1615000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2297000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1666000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	5054000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	10244000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	4509000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	4589000	USD
CY2018Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2018Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	8307000	USD
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	6162000	USD
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	9151000	USD
CY2018Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8304000	USD
CY2017Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-20000	USD
CY2018Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-38000	USD
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1402000	USD
CY2018Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1615000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1670000	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1427000	USD
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2018Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	4792000	USD
CY2018Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	7409000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	98000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	92374000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	90247000	USD
CY2017Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2300000	USD
CY2018Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2000000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	108569000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	112880000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	108291000	USD
CY2018Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	74967000	USD
CY2017Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	75688000	USD
CY2018Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	74967000	USD
CY2017Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	15435000	USD
CY2018Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	15581000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1246000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1843000	USD
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	0	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	0.00
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	109616	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	0	USD
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	0	USD
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	109616	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	0	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	37.52
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.00
CY2018Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.00
CY2018Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	37.52
CY2018Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0.00
CY2018Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	0	USD
CY2018Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
CY2017	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P4D
CY2018Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
CY2018Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	0	shares
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	289406000	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	293779000	USD
CY2017Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1710000	USD
CY2018Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	2668000	USD
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16320858	shares
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16534053	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16190061	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16359792	shares
CY2018Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of the Business</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">American Public Education, Inc., or APEI, which together with its subsidiaries is referred to as the “Company,” is a provider of online and campus-based postsecondary education to approximately </font><font style="font-family:inherit;font-size:10pt;">84,700</font><font style="font-family:inherit;font-size:10pt;"> students through </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> subsidiary institutions:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">American Public University System, Inc., or APUS, provides online postsecondary education directed primarily at the needs of the military, military-affiliated, and public service communities through American Military University, or AMU, and American Public University, or APU. APUS is regionally accredited by the Higher Learning Commission.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">National Education Seminars, Inc., which is referred to herein as Hondros College of Nursing, or HCN, provides nursing education to students at </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> campuses in Ohio, as well as online, to serve the needs of the nursing and healthcare communities. HCN is nationally accredited by the Accrediting Council of Independent Colleges and Schools, or ACICS, and the RN-to-BSN Program is accredited by the Commission on Collegiate Nursing Education. </font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company’s institutions are licensed or otherwise authorized, or are in the process of obtaining such licenses or authorizations, to offer postsecondary education programs by state authorities to the extent the institutions believe such licenses or authorizations are required, and are certified by the United States Department of Education, or ED, to participate in student financial aid programs authorized under Title IV of the Higher Education Act of 1965, as amended, or Title IV programs. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company’s operations are organized into </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> reportable segments:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">American Public Education Segment, or APEI Segment.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">This segment reflects the operational activities at APUS, other corporate activities, and minority investments.</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Hondros College of Nursing Segment, or HCN Segment.</font><font style="font-family:inherit;font-size:10pt;"> This segment reflects the operational activities of HCN.</font></div></td></tr></table></div>
CY2018Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts in these unaudited interim Consolidated Financial Statements and accompanying notes. Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

Files In Submission

Name	View Source	Status
0001201792-18-000006-index-headers.html	Edgar Link	pending
0001201792-18-000006-index.html	Edgar Link	pending
0001201792-18-000006.txt	Edgar Link	pending
0001201792-18-000006-xbrl.zip	Edgar Link	pending
apei-20180331.xml	Edgar Link	completed
apei-20180331.xsd	Edgar Link	pending
apei-20180331_cal.xml	Edgar Link	unprocessable
apei-20180331_def.xml	Edgar Link	unprocessable
apei-20180331_lab.xml	Edgar Link	unprocessable
apei-20180331_pre.xml	Edgar Link	unprocessable
apeiq10331201810q.htm	Edgar Link	pending
exhibit311_q118.htm	Edgar Link	pending
exhibit312_q118.htm	Edgar Link	pending
exhibit321_q118.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
image0a09.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$APEI
AMERICAN PUBLIC EDUCATION INC Stock $apei

2018 Q1 Form 10-Q Financial Statement

#000120179218000006 Filed on May 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$APEI AMERICAN PUBLIC EDUCATION INC Stock $apei

2018 Q1 Form 10-Q Financial Statement

#000120179218000006 Filed on May 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$APEI
AMERICAN PUBLIC EDUCATION INC Stock $apei