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Grand Canyon Education, Inc.

2014 Q4 Form 10-K Financial Statement

#000119312515052885 Filed on February 18, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2013 Q3
Revenue $190.0M $162.4M $152.4M
YoY Change 16.95% 14.96% 14.1%
Cost Of Revenue $78.60M $68.00M $64.70M
YoY Change 15.59% 15.65% 12.72%
Gross Profit $111.4M $94.50M $87.70M
YoY Change 17.88% 14.55% 15.09%
Gross Profit Margin 58.64% 58.17% 57.55%
Selling, General & Admin $12.26M $12.40M $10.33M
YoY Change -1.13% -4.7% 5.88%
% of Gross Profit 11.0% 13.12% 11.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.100M $6.800M $6.500M
YoY Change 19.12% 11.48% 16.07%
% of Gross Profit 7.27% 7.2% 7.41%
Operating Expenses $12.26M $12.40M $10.33M
YoY Change -1.13% -4.7% 5.88%
Operating Profit $53.54M $40.88M $37.29M
YoY Change 30.97% 22.95% 19.49%
Interest Expense $346.0K $609.0K $528.0K
YoY Change -43.19% -404.5% 242.86%
% of Operating Profit 0.65% 1.49% 1.42%
Other Income/Expense, Net
YoY Change
Pretax Income $53.50M $40.37M $38.26M
YoY Change 32.51% 22.32% 23.16%
Income Tax $20.40M $14.22M $15.71M
% Of Pretax Income 38.14% 35.21% 41.07%
Net Earnings $33.09M $26.16M $22.55M
YoY Change 26.52% 25.1% 22.06%
Net Earnings / Revenue 17.42% 16.1% 14.79%
Basic Earnings Per Share $0.72 $0.58 $0.50
Diluted Earnings Per Share $0.70 $0.56 $0.49
COMMON SHARES
Basic Shares Outstanding 45.65M shares 45.03M shares 44.96M shares
Diluted Shares Outstanding 47.10M shares 46.71M shares 46.42M shares

Balance Sheet

Concept 2014 Q4 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $166.0M $164.2M $170.3M
YoY Change 1.1% 56.23% 144.68%
Cash & Equivalents $65.24M $55.82M $106.8M
Short-Term Investments $100.8M $108.4M $63.50M
Other Short-Term Assets $19.43M $19.12M $17.91M
YoY Change 1.63% 50.91% 34.66%
Inventory
Prepaid Expenses
Receivables $7.605M $7.217M $7.986M
Other Receivables $0.00 $3.600M $0.00
Total Short-Term Assets $267.0M $263.7M $252.5M
YoY Change 1.27% 23.13% 63.57%
LONG-TERM ASSETS
Property, Plant & Equipment $478.2M $339.6M $328.4M
YoY Change 40.81% 26.17% 28.03%
Goodwill $2.941M $2.941M $2.941M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.907M $5.219M $5.441M
YoY Change -25.14% 67.17% 58.44%
Total Long-Term Assets $488.7M $352.4M $341.6M
YoY Change 38.67% 25.52% 27.11%
TOTAL ASSETS
Total Short-Term Assets $267.0M $263.7M $252.5M
Total Long-Term Assets $488.7M $352.4M $341.6M
Total Assets $755.7M $616.1M $594.1M
YoY Change 22.66% 24.48% 40.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.72M $24.23M $22.93M
YoY Change -6.26% 70.95% -8.98%
Accrued Expenses $13.53M $14.55M $16.54M
YoY Change -7.02% -16.68% 5.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.700M $6.700M $6.700M
YoY Change 0.0% 0.0% 272.22%
Total Short-Term Liabilities $178.7M $165.6M $174.4M
YoY Change 7.9% 8.44% 0.3%
LONG-TERM LIABILITIES
Long-Term Debt $80.30M $87.00M $88.70M
YoY Change -7.7% -7.15% 229.74%
Other Long-Term Liabilities $4.513M $6.811M $6.293M
YoY Change -33.74% -8.02% -17.08%
Total Long-Term Liabilities $4.513M $6.811M $6.293M
YoY Change -33.74% -8.02% -17.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $178.7M $165.6M $174.4M
Total Long-Term Liabilities $4.513M $6.811M $6.293M
Total Liabilities $279.5M $271.3M $279.8M
YoY Change 3.03% 3.98% 35.9%
SHAREHOLDERS EQUITY
Retained Earnings $371.0M $259.5M $233.4M
YoY Change 42.95% 51.93% 55.68%
Common Stock $159.0M $489.0K $488.0K
YoY Change 32424.74% 3.82% 4.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $53.77M $48.43M $48.15M
YoY Change 11.02% 23.75% 67.06%
Treasury Stock Shares 3.002M shares 2.845M shares 2.810M shares
Shareholders Equity $476.2M $344.8M $314.3M
YoY Change
Total Liabilities & Shareholders Equity $755.7M $616.1M $594.1M
YoY Change 22.66% 24.48% 40.41%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $33.09M $26.16M $22.55M
YoY Change 26.52% 25.1% 22.06%
Depreciation, Depletion And Amortization $8.100M $6.800M $6.500M
YoY Change 19.12% 11.48% 16.07%
Cash From Operating Activities $10.30M $16.60M $57.80M
YoY Change -37.95% -14.87% 28.16%
INVESTING ACTIVITIES
Capital Expenditures -$27.40M -$23.10M -$25.50M
YoY Change 18.61% -24.26% 6.69%
Acquisitions
YoY Change
Other Investing Activities $26.30M -$44.80M -$15.10M
YoY Change -158.71% 66.54%
Cash From Investing Activities -$1.100M -$68.00M -$40.40M
YoY Change -98.38% 18.88% 68.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -400.0K 300.0K -1.200M
YoY Change -233.33% -99.59% -47.83%
NET CHANGE
Cash From Operating Activities 10.30M 16.60M 57.80M
Cash From Investing Activities -1.100M -68.00M -40.40M
Cash From Financing Activities -400.0K 300.0K -1.200M
Net Change In Cash 8.800M -51.10M 16.20M
YoY Change -117.22% -243.54% -13.83%
FREE CASH FLOW
Cash From Operating Activities $10.30M $16.60M $57.80M
Capital Expenditures -$27.40M -$23.10M -$25.50M
Free Cash Flow $37.70M $39.70M $83.30M
YoY Change -5.04% -20.6% 20.72%

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CY2014Q4 lope Default Amount Of Late Payment Penalty Under Dispute
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CY2014Q4 lope Prepaid Royalties Noncurrent
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3650000
CY2014Q4 lope Statutory Trustee Fee Due Amount Under Dispute
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139000
CY2014Q4 lope Monthly Payments On Capital Leases
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8000
CY2013Q3 lope Closure Of Program Review Report Amount Paid
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7387000
CY2008Q2 lope Agreement To Pay Former Owner Royalty Amount
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22500000
CY2008Q2 lope Royalty Amortization Period
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P20Y
CY2008Q2 lope Settlement Of Future Royalty Payment Obligation
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CY2011 lope Agreement Period Of Acquired Source Code Rights For Software Developed Prepaid Maintenance And Service Fee
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P7Y
CY2013 us-gaap Earnings Per Share Diluted
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1.92
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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1400000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.388 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.003 pure
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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118449000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.00 pure
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P4Y3M
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.055 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0065 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.002 pure
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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46131000 shares
CY2013 us-gaap Earnings Per Share Basic
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1.98
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3986 pure
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44731000 shares
CY2013 us-gaap Payments To Acquire Available For Sale Securities
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168953000
CY2013 us-gaap Interest Income Other
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1459000
CY2013 us-gaap Increase Decrease In Restricted Cash
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-225000
CY2013 us-gaap Defined Benefit Plan Contributions By Plan Participants
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1298000
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
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8950000
CY2013 us-gaap Payments To Acquire Productive Assets
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78948000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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4469000
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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3974000
CY2013 us-gaap Sales Revenue Net
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598335000
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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7316000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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144895000
CY2013 us-gaap Gain Loss On Sale Of Notes Receivable
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3646000
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
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16278000
CY2013 us-gaap Operating Income Loss
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143276000
CY2013 us-gaap Comprehensive Income Net Of Tax
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CY2013 us-gaap Repayments Of Debt And Capital Lease Obligations
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CY2013 us-gaap Investment Income Nonoperating
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3863000
CY2013 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
59892000
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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8145000
CY2013 us-gaap Payments For Repurchase Of Common Stock
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565000
CY2013 us-gaap Net Income Loss
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88711000
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2176000
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19163000
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CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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16000
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5107000
CY2013 us-gaap Increase Decrease In Customer Deposits
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9027000
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4202000
CY2013 us-gaap Interest Expense
InterestExpense
2244000
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3412000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
898000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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4469000
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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19897000
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
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CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56184000
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InterestCostsIncurred
2626000
CY2013 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
382000
CY2013 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
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CurrentFederalTaxExpenseBenefit
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DepreciationAndAmortization
25437000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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11000
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29187000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5540000
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1756000
CY2013 us-gaap Marketing Expense
MarketingExpense
5644000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-172498000
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
16278000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
60985000
CY2013 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
5962000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
46489000
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
455059000
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DeferredIncomeTaxesAndTaxCredits
5472000
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
7074000
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
382000
CY2013 us-gaap General And Administrative Expense
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36934000
CY2013 us-gaap Increase Decrease In Due To Related Parties Current
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-69000
CY2013 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
60533000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
20364000
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4209000
CY2013 us-gaap Increase Decrease In Accounts Payable Trade
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8563000
CY2013 lope Shortfall Tax Expense From Share Based Compensation
ShortfallTaxExpenseFromShareBasedCompensation
209000
CY2013 lope Purchase Of Land Related To Offsite Development
PurchaseOfLandRelatedToOffsiteDevelopment
14542000
CY2013 lope Capitalized Interest Rate On Borrowing To Finance Improvement
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0.019 pure
CY2013 lope Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
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CY2013 lope Instructional Costs And Services
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254419000
CY2013 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
97077000
CY2013 lope Purchases Of Property And Equipment Included In Accounts Payable
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1494000
CY2013 lope Depreciation And Amortization Including Assets Under Capital Lease
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24546000
CY2013 lope Ninety By Ten Revenue Test
NinetyByTenRevenueTest
0.785 pure
CY2013 lope Tax Benefit Of Spirit Warrant Intangible
TaxBenefitOfSpiritWarrantIntangible
267000
CY2013 lope Reduction In Revenue Due To Scholarships Offered To Students
ReductionInRevenueDueToScholarshipsOfferedToStudents
111789000
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.37
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Registrant Name
EntityRegistrantName
GRAND CANYON EDUCATION, INC.
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014 dei Trading Symbol
TradingSymbol
LOPE
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1468000 shares
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.380 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.001 pure
CY2014 us-gaap Nature Of Operations
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b>1. Nature of Business</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Grand Canyon Education, Inc. (together with its subsidiaries, the &#x201C;University&#x201D;) was formed in Delaware in November 2003 as a limited liability company, under the name Significant Education, LLC, for the purpose of acquiring the assets of Grand Canyon University from a non-profit foundation on February&#xA0;2, 2004. On August&#xA0;24, 2005, the University converted from a limited liability company to a corporation and changed its name to Significant Education, Inc. On May&#xA0;9, 2008, the University changed its name to Grand Canyon Education, Inc.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The University is a comprehensive regionally accredited university that offers over 160 graduate and undergraduate degree programs across eight colleges both online and on ground at our approximately 205 acre campus in Phoenix, Arizona, and at facilities we lease and at facilities owned by third party employers. Our undergraduate programs are designed to be innovative and to meet the future needs of employers, while providing students with the needed critical thinking and effective communication skills developed through a Christian, liberal arts foundation. The University is accredited by the Higher Learning Commission. The University&#x2019;s wholly owned subsidiaries are primarily used to facilitate expansion of the University campus.</p> </div>
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
166996000
CY2014 us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.11 pure
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CY2014 us-gaap Stock Repurchased During Period Shares
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38000 shares
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.043 pure
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EffectiveIncomeTaxRateReconciliationTaxCreditsOther
-0.015 pure
CY2014 us-gaap Restricted Cash And Cash Equivalent Item Agreement
RestrictedCashAndCashEquivalentItemAgreement
60 to 90 days
CY2014 us-gaap Use Of Estimates
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CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001 pure
CY2014 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P15Y
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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47006000 shares
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.45
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0001434588
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2014 dei Document Fiscal Period Focus
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FY
CY2014 us-gaap Concentration Risk Credit Risk
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Concentration of Credit Risk</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The University believes the credit risk related to cash equivalents and investments is limited due to its adherence to an investment policy that required investments to have a minimum AAA to A rating, depending on the type of security, by one major rating agency at the time of purchase. All of the University&#x2019;s cash equivalents and investments as of December&#xA0;31, 2014 and 2013 consist of investments rated A or higher by at least one rating agency. Additionally, the University utilizes more than one financial institution to conduct initial and ongoing credit analysis on its investment portfolio to monitor and lower the potential impact of market risk associated with its cash equivalents and investment portfolio.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> A majority of the University&#x2019;s revenues are derived from tuition financed under the Title IV programs of the Higher Education Act of 1965, as amended (the &#x201C;Higher Education Act&#x201D;). The financial aid and assistance programs are subject to political and budgetary considerations and are subject to extensive and complex regulations. The University&#x2019;s administration of these programs is periodically reviewed by various regulatory agencies. Any regulatory violation could be the basis for the initiation of potentially adverse actions including a suspension, limitation, or termination proceeding, which could have a material adverse effect on the University.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt; TEXT-INDENT: 4%"> Students obtain access to federal student financial aid through a Department of Education prescribed application and eligibility certification process. Student financial aid funds are generally made available to students at prescribed intervals throughout their predetermined expected length of study. Students typically apply the funds received from the federal financial aid programs first to pay their tuition and fees. Any remaining funds are distributed directly to the student.</p> </div>
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
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179698000
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418000
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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7637000
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2014 us-gaap Treasury Stock Value Acquired Cost Method
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CY2014 us-gaap Interest Costs Incurred Capitalized
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385000
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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50980000
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2991000
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2014 us-gaap Advertising Expense
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57196000
CY2014 us-gaap Costs And Expenses
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510240000
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2651000
CY2012 lope Increase Decrease In Deferred Rent
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503000
CY2012 lope Instructional Costs And Services
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220403000
CY2012 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
85917000
CY2012 lope Purchases Of Property And Equipment Included In Accounts Payable
PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable
3291000
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
8409000
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-186000
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
39635000
CY2014 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-51000
CY2014 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
122555000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
27499000
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2734000
CY2014 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2448000
CY2014 lope Shortfall Tax Expense From Share Based Compensation
ShortfallTaxExpenseFromShareBasedCompensation
16000
CY2014 lope Period For Write Off Inactive Student Accounts
PeriodForWriteOffInactiveStudentAccounts
P150D
CY2014 lope Date For Releasing Penalty Funds And Interest To University
DateForReleasingPenaltyFundsAndInterestToUniversity
2013-10-28
CY2014 lope Period Of Base Interest Rate
PeriodOfBaseInterestRate
P30D
CY2014 lope Capital Lease Interest Rate Stated Percentage Rate Range Maximum
CapitalLeaseInterestRateStatedPercentageRateRangeMaximum
0.022 pure
CY2014 lope Amortization Of Other Current Assets Under Reclassification
AmortizationOfOtherCurrentAssetsUnderReclassification
Next twelve month cycle
CY2014 lope Expiration Date On Repurchase Authorizations
ExpirationDateOnRepurchaseAuthorizations
2015-09-30
CY2014 lope Capitalized Interest Rate On Borrowing To Finance Improvement
CapitalizedInterestRateOnBorrowingToFinanceImprovement
0.019 pure
CY2014 lope Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-2298000
CY2014 lope Instructional Costs And Services
InstructionalCostsAndServices
288791000
CY2014 lope Fair Value Of Shares Issued Of License Agreement
FairValueOfSharesIssuedOfLicenseAgreement
3394000
CY2014 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
108567000
CY2014 lope Purchases Of Property And Equipment Included In Accounts Payable
PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable
5845000
CY2014 lope Fixed Rate Of Interest On Loans
FixedRateOfInterestOnLoans
0.06 pure
CY2014 lope Depreciation And Amortization Including Assets Under Capital Lease
DepreciationAndAmortizationIncludingAssetsUnderCapitalLease
28529000
CY2014 lope Minimum Eligible Age To Participate In Plan
MinimumEligibleAgeToParticipateInPlan
21 Age
CY2014 lope Notes Receivable Interest Rate
NotesReceivableInterestRate
0.05 pure
CY2014 lope Ninety By Ten Revenue Test
NinetyByTenRevenueTest
0.765 pure
CY2014 lope Tax Benefit Of Spirit Warrant Intangible
TaxBenefitOfSpiritWarrantIntangible
260000
CY2014 lope Discount Rate To Determine Present Value Of Cash Flow
DiscountRateToDeterminePresentValueOfCashFlow
0.35 pure
CY2014 lope Reduction In Revenue Due To Scholarships Offered To Students
ReductionInRevenueDueToScholarshipsOfferedToStudents
139962000
CY2014 lope Number Of Colleges
NumberOfColleges
8 Colleges
CY2014 lope Number Of Degree Programs Offered
NumberOfDegreeProgramsOffered
160 Degrees
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.53
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
919000 shares
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.388 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.002 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
144196000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.059 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
-0.016 pure
CY2012 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2017-12-31
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.007 pure
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45251000 shares
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.57
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44332000 shares
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-330000
CY2012 us-gaap Defined Benefit Plan Contributions By Plan Participants
DefinedBenefitPlanContributionsByPlanParticipants
1080000
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7811000
CY2012 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
97653000
CY2012 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-1106000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1427000
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3124000
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
511257000
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1920000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
113424000
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8049000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
114052000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
69584000
CY2012 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
21744000
CY2012 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
71000
CY2012 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-151000
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
32810000
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
1873000
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
15242000
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
428000
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
137000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
69447000
CY2012 us-gaap Interest Paid
InterestPaid
606000
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14148000
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
564000
CY2012 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
27000000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7811000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-416000
CY2012 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
143000
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
6891000
CY2012 us-gaap Interest Expense
InterestExpense
699000
CY2012 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2313000
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
244000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
32000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1427000
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
20593000
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
18012000
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
15242000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
83922000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43977000
CY2012 us-gaap Interest Costs Incurred
InterestCostsIncurred
1064000
CY2012 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
365000
CY2012 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
99210000
CY2012 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
7938000
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
36367000
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
21923000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
71272000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7462000
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
15719000
CY2012 us-gaap Marketing Expense
MarketingExpense
4360000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-131546000
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8049000
CY2012 us-gaap Advertising Expense
AdvertisingExpense
51023000
CY2012 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
4687000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
43829000
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
397205000
CY2012 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-518000
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
7635000
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
104000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
35502000
CY2012 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
296000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4683000
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
87000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-448000
CY2012 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-630000
CY2012 lope Shortfall Tax Expense From Share Based Compensation
ShortfallTaxExpenseFromShareBasedCompensation
283000
CY2012 lope Purchase Of Land Related To Offsite Development
PurchaseOfLandRelatedToOffsiteDevelopment
7223000
CY2012 lope Capitalized Interest Rate On Borrowing To Finance Improvement
CapitalizedInterestRateOnBorrowingToFinanceImprovement
0.022 pure
CY2012 lope Depreciation And Amortization Including Assets Under Capital Lease
DepreciationAndAmortizationIncludingAssetsUnderCapitalLease
21264000
CY2012 lope Ninety By Ten Revenue Test
NinetyByTenRevenueTest
0.803 pure
CY2012 lope Tax Benefit Of Spirit Warrant Intangible
TaxBenefitOfSpiritWarrantIntangible
267000
CY2012 lope Reduction In Revenue Due To Scholarships Offered To Students
ReductionInRevenueDueToScholarshipsOfferedToStudents
94283000
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45449000 shares
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44242000 shares
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
142030000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
35152000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
33625000
CY2013Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
2195000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
20945000
CY2013Q1 us-gaap Interest Expense
InterestExpense
668000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14207000
CY2013Q1 us-gaap Marketing Expense
MarketingExpense
1435000
CY2013Q1 us-gaap Advertising Expense
AdvertisingExpense
15929000
CY2013Q1 us-gaap Costs And Expenses
CostsAndExpenses
108405000
CY2013Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8051000
CY2013Q1 lope Instructional Costs And Services
InstructionalCostsAndServices
59997000
CY2013Q1 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
22993000
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46841000 shares
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45205000 shares
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
167432000
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
43050000
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
43436000
CY2014Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
137000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
26288000
CY2014Q1 us-gaap Interest Expense
InterestExpense
523000
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16762000
CY2014Q1 us-gaap Marketing Expense
MarketingExpense
1791000
CY2014Q1 us-gaap Advertising Expense
AdvertisingExpense
16712000
CY2014Q1 us-gaap Costs And Expenses
CostsAndExpenses
123996000
CY2014Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8554000
CY2014Q1 lope Instructional Costs And Services
InstructionalCostsAndServices
70678000
CY2014Q1 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
26261000
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45929000 shares
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44681000 shares
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
141463000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31112000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
31489000
CY2013Q2 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
62000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
19064000
CY2013Q2 us-gaap Interest Expense
InterestExpense
439000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12048000
CY2013Q2 us-gaap Marketing Expense
MarketingExpense
1383000
CY2013Q2 us-gaap Advertising Expense
AdvertisingExpense
14520000
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
109974000
CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8978000
CY2013Q2 lope Instructional Costs And Services
InstructionalCostsAndServices
61747000
CY2013Q2 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
23346000
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46990000 shares
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45598000 shares
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
158594000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
37728000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
37887000
CY2014Q2 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
197000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
23069000
CY2014Q2 us-gaap Interest Expense
InterestExpense
356000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14659000
CY2014Q2 us-gaap Marketing Expense
MarketingExpense
1907000
CY2014Q2 us-gaap Advertising Expense
AdvertisingExpense
15751000
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
120707000
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8994000
CY2014Q2 lope Instructional Costs And Services
InstructionalCostsAndServices
67847000
CY2014Q2 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
26208000
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46424000 shares
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44963000 shares
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
152399000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
38259000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
37285000
CY2013Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
1502000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
22545000
CY2013Q3 us-gaap Interest Expense
InterestExpense
528000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15714000
CY2013Q3 us-gaap Marketing Expense
MarketingExpense
1299000
CY2013Q3 us-gaap Advertising Expense
AdvertisingExpense
15498000
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
115114000
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9035000
CY2013Q3 lope Instructional Costs And Services
InstructionalCostsAndServices
64704000
CY2013Q3 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
24578000
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47051000 shares
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45651000 shares
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
175056000
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
45423000
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
45956000
CY2014Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
43000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
29016000
CY2014Q3 us-gaap Interest Expense
InterestExpense
576000
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16407000
CY2014Q3 us-gaap Marketing Expense
MarketingExpense
1931000
CY2014Q3 us-gaap Advertising Expense
AdvertisingExpense
16491000
CY2014Q3 us-gaap Costs And Expenses
CostsAndExpenses
129100000
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11640000
CY2014Q3 lope Instructional Costs And Services
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71714000
CY2014Q3 lope Admissions Advisory And Related Expenses
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27324000
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
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46712000 shares
CY2013Q4 us-gaap Earnings Per Share Basic
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0.58
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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45026000 shares
CY2013Q4 us-gaap Sales Revenue Net
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162443000
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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40372000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
40877000
CY2013Q4 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
104000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
26157000
CY2013Q4 us-gaap Interest Expense
InterestExpense
609000
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14215000
CY2013Q4 us-gaap Marketing Expense
MarketingExpense
1527000
CY2013Q4 us-gaap Advertising Expense
AdvertisingExpense
15038000
CY2013Q4 us-gaap Costs And Expenses
CostsAndExpenses
121566000
CY2013Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10870000
CY2013Q4 lope Instructional Costs And Services
InstructionalCostsAndServices
67971000
CY2013Q4 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
26160000
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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47097000 shares
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
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45652000 shares
CY2014Q4 us-gaap Sales Revenue Net
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189973000
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
53497000
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
53536000
CY2014Q4 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
307000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
33093000
CY2014Q4 us-gaap Interest Expense
InterestExpense
346000
CY2014Q4 us-gaap Marketing Expense
MarketingExpense
1810000
CY2014Q4 us-gaap Advertising Expense
AdvertisingExpense
16854000
CY2014Q4 us-gaap Costs And Expenses
CostsAndExpenses
136437000
CY2014Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10447000
CY2014Q4 lope Instructional Costs And Services
InstructionalCostsAndServices
78552000
CY2014Q4 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
28774000
CY2014Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20404000

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0001193125-15-052885-index.html Edgar Link pending
0001193125-15-052885.txt Edgar Link pending
0001193125-15-052885-xbrl.zip Edgar Link pending
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lope-20141231.xml Edgar Link completed
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