$LOPE
Grand Canyon Education, Inc.

2015 Q3 Form 10-Q Financial Statement

#000119312515356288 Filed on October 28, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $193.4M $175.1M
YoY Change 10.47% 14.87%
Cost Of Revenue $83.20M $71.70M
YoY Change 16.04% 10.82%
Gross Profit $110.2M $103.3M
YoY Change 6.68% 17.79%
Gross Profit Margin 56.98% 59.01%
Selling, General & Admin $14.36M $13.57M
YoY Change 5.84% 31.32%
% of Gross Profit 13.03% 13.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.000M $7.400M
YoY Change 21.62% 13.85%
% of Gross Profit 8.17% 7.16%
Operating Expenses $14.36M $13.57M
YoY Change 5.84% 31.32%
Operating Profit $48.98M $45.96M
YoY Change 6.59% 23.26%
Interest Expense $313.0K $576.0K
YoY Change -45.66% 9.09%
% of Operating Profit 0.64% 1.25%
Other Income/Expense, Net
YoY Change
Pretax Income $48.87M $45.42M
YoY Change 7.59% 18.73%
Income Tax $15.53M $16.41M
% Of Pretax Income 31.78% 36.12%
Net Earnings $33.34M $29.02M
YoY Change 14.91% 28.7%
Net Earnings / Revenue 17.24% 16.58%
Basic Earnings Per Share $0.72 $0.64
Diluted Earnings Per Share $0.70 $0.62
COMMON SHARES
Basic Shares Outstanding 46.06M shares 45.65M shares
Diluted Shares Outstanding 47.32M shares 47.05M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $162.2M $183.6M
YoY Change -11.66% 7.81%
Cash & Equivalents $78.18M $56.48M
Short-Term Investments $84.00M $127.1M
Other Short-Term Assets $21.15M $19.51M
YoY Change 8.41% 8.92%
Inventory
Prepaid Expenses
Receivables $9.500M $8.289M
Other Receivables $0.00 $0.00
Total Short-Term Assets $263.2M $275.2M
YoY Change -4.34% 8.99%
LONG-TERM ASSETS
Property, Plant & Equipment $639.6M $469.3M
YoY Change 36.3% 42.89%
Goodwill $2.941M $2.941M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.377M $4.367M
YoY Change -22.67% -19.74%
Total Long-Term Assets $649.4M $480.3M
YoY Change 35.19% 40.61%
TOTAL ASSETS
Total Short-Term Assets $263.2M $275.2M
Total Long-Term Assets $649.4M $480.3M
Total Assets $912.6M $755.5M
YoY Change 20.8% 27.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.48M $32.93M
YoY Change 25.99% 43.56%
Accrued Expenses $14.82M $14.08M
YoY Change 5.22% -14.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.200M $6.700M
YoY Change 7.46% 0.0%
Total Short-Term Liabilities $238.8M $218.3M
YoY Change 9.41% 25.15%
LONG-TERM LIABILITIES
Long-Term Debt $75.90M $82.00M
YoY Change -7.44% -7.55%
Other Long-Term Liabilities $3.689M $4.075M
YoY Change -9.47% -35.25%
Total Long-Term Liabilities $3.689M $4.075M
YoY Change -9.47% -35.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $238.8M $218.3M
Total Long-Term Liabilities $3.689M $4.075M
Total Liabilities $333.0M $316.0M
YoY Change 5.37% 12.96%
SHAREHOLDERS EQUITY
Retained Earnings $464.3M $337.9M
YoY Change 37.4% 44.79%
Common Stock $173.8M $497.0K
YoY Change 34870.42% 1.84%
Preferred Stock
YoY Change
Treasury Stock (at cost) $58.00M $53.77M
YoY Change 7.87% 11.68%
Treasury Stock Shares 3.109M shares
Shareholders Equity $579.6M $439.5M
YoY Change
Total Liabilities & Shareholders Equity $912.6M $755.5M
YoY Change 20.8% 27.17%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $33.34M $29.02M
YoY Change 14.91% 28.7%
Depreciation, Depletion And Amortization $9.000M $7.400M
YoY Change 21.62% 13.85%
Cash From Operating Activities $87.30M $67.30M
YoY Change 29.72% 16.44%
INVESTING ACTIVITIES
Capital Expenditures -$57.80M -$59.20M
YoY Change -2.36% 132.16%
Acquisitions
YoY Change
Other Investing Activities -$500.0K $29.40M
YoY Change -101.7% -294.7%
Cash From Investing Activities -$58.20M -$29.80M
YoY Change 95.3% -26.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.600M -1.200M
YoY Change 33.33% 0.0%
NET CHANGE
Cash From Operating Activities 87.30M 67.30M
Cash From Investing Activities -58.20M -29.80M
Cash From Financing Activities -1.600M -1.200M
Net Change In Cash 27.50M 36.30M
YoY Change -24.24% 124.07%
FREE CASH FLOW
Cash From Operating Activities $87.30M $67.30M
Capital Expenditures -$57.80M -$59.20M
Free Cash Flow $145.1M $126.5M
YoY Change 14.7% 51.86%

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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> <!-- xbrl,body --> <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;, &#x201C;we&#x201D; or &#x201C;us&#x201D;) 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 200+ acre campus in Phoenix, Arizona, at leased facilities and at facilities owned by third party employers of our students. 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. We offer master and doctoral degrees in contemporary fields that are designed to provide students with the capacity for transformational leadership in their chosen industry, emphasizing the immediate relevance of theory, application, and evaluation to promote personal and organizational change. 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>
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
169010000
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Amendment Flag
AmendmentFlag
false
us-gaap Restricted Cash And Cash Equivalent Item Agreement
RestrictedCashAndCashEquivalentItemAgreement
60 to 90 days
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001434588
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1306000 shares
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Registrant Name
EntityRegistrantName
GRAND CANYON EDUCATION, INC.
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47262000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45956000 shares
dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles 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.</p> </div>
dei Trading Symbol
TradingSymbol
LOPE
us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.11 pure
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.03
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
3343000
us-gaap Net Income Loss
NetIncomeLoss
93297000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2871000
us-gaap Sales Revenue Net
SalesRevenueNet
562246000
us-gaap Interest Paid
InterestPaid
849000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1549000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4230000
us-gaap Operating Income Loss
OperatingIncomeLoss
147226000
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
585000
us-gaap Interest Income Other
InterestIncomeOther
2187000
us-gaap Income Taxes Paid
IncomeTaxesPaid
54408000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-432000
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-3103000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13307000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3369000
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
3515000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
169706000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
13000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
92878000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
146977000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4141000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
5117000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
35547000
us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
64000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2098000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53680000
us-gaap Marketing Expense
MarketingExpense
5309000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
49844000
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-21000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
2000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5837000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
12939000
us-gaap Interest Expense
InterestExpense
834000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-152938000
us-gaap Costs And Expenses
CostsAndExpenses
415020000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-3133000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
12089000
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1406000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
5054000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1181000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2871000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8423000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1400000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-267000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31466000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-791000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
52315000
us-gaap Advertising Expense
AdvertisingExpense
57810000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3343000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
7000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
25360000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-1305000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
11412000
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-3606000
lope Period For Write Off Inactive Student Accounts
PeriodForWriteOffInactiveStudentAccounts
P150D
lope Real Estate Property Description
RealEstatePropertyDescription
200+ acre campus
lope Number Of Degree Programs Offered
NumberOfDegreeProgramsOffered
160 Degrees
lope Notes Receivable Interest Rate
NotesReceivableInterestRate
0.05 pure
lope Number Of Colleges
NumberOfColleges
8 Colleges
lope Date For Releasing Penalty Funds And Interest To University
DateForReleasingPenaltyFundsAndInterestToUniversity
2013-10-28
lope Period Of Base Interest Rate
PeriodOfBaseInterestRate
P30D
lope Tax Benefit Of Spirit Warrant Intangible
TaxBenefitOfSpiritWarrantIntangible
190000
lope Instructional Costs And Services
InstructionalCostsAndServices
237224000
lope Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-824000
lope Expiration Date On Repurchase Authorizations
ExpirationDateOnRepurchaseAuthorizations
2016-09-30
lope Shortfall Tax Expense From Share Based Compensation
ShortfallTaxExpenseFromShareBasedCompensation
18000
lope Fixed Rate Of Interest On Loans
FixedRateOfInterestOnLoans
0.06 pure
lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
83211000
lope Reduction In Revenue Due To Scholarships Offered To Students
ReductionInRevenueDueToScholarshipsOfferedToStudents
114660000
lope Purchases Of Property And Equipment Included In Accounts Payable
PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable
23212000
lope Purchases Of Equipment Through Capital Lease And Note Payable Obligations
PurchasesOfEquipmentThroughCapitalLeaseAndNotePayableObligations
1257000
CY2013 us-gaap Interest Income Other
InterestIncomeOther
1459000
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2014Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1400000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47051000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45651000 shares
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
29016000
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
175056000
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
45956000
CY2014Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
43000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
61000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
12000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
29089000
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
45423000
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16407000
CY2014Q3 us-gaap Marketing Expense
MarketingExpense
1931000
CY2014Q3 us-gaap Interest Expense
InterestExpense
576000
CY2014Q3 us-gaap Costs And Expenses
CostsAndExpenses
129100000
CY2014Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
762000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
39000
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11640000
CY2014Q3 us-gaap Advertising Expense
AdvertisingExpense
16491000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
8000
CY2014Q3 lope Instructional Costs And Services
InstructionalCostsAndServices
71714000
CY2014Q3 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
27324000
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1257000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47320000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46063000 shares
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
33342000
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
193393000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
48984000
CY2015Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
201000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-257000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
118000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
33203000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48872000
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15530000
CY2015Q3 us-gaap Marketing Expense
MarketingExpense
1827000
CY2015Q3 us-gaap Interest Expense
InterestExpense
313000
CY2015Q3 us-gaap Costs And Expenses
CostsAndExpenses
144409000
CY2015Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
412000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-154000
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12536000
CY2015Q3 us-gaap Advertising Expense
AdvertisingExpense
19360000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
74000
CY2015Q3 lope Instructional Costs And Services
InstructionalCostsAndServices
83180000
CY2015Q3 lope Admissions Advisory And Related Expenses
AdmissionsAdvisoryAndRelatedExpenses
27506000

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