2018 Q4 Form 10-K Financial Statement

#000155837020001013 Filed on February 20, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $177.5M $155.5M $236.8M
YoY Change -34.59% -34.19% 8.48%
Cost Of Revenue $102.2M
YoY Change 7.58%
Gross Profit $134.6M
YoY Change 9.16%
Gross Profit Margin 56.84%
Selling, General & Admin $33.95M $41.64M $35.86M
YoY Change 153.34% 14.16% 191.0%
% of Gross Profit 26.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.900M $3.800M $14.10M
YoY Change -71.53% -72.06% 3.68%
% of Gross Profit 10.48%
Operating Expenses $33.95M $41.64M $35.86M
YoY Change 153.34% 14.16% 191.0%
Operating Profit $80.15M $29.42M $58.49M
YoY Change -12.26% -50.71% 6.17%
Interest Expense $575.0K $558.0K $57.00K
YoY Change 9.11% -1.59% -88.48%
% of Operating Profit 0.72% 1.9% 0.1%
Other Income/Expense, Net
YoY Change
Pretax Income $93.79M $42.48M $60.00M
YoY Change 2.42% -29.86% 8.43%
Income Tax $18.26M $8.720M $13.96M
% Of Pretax Income 19.47% 20.53% 23.27%
Net Earnings $75.53M $33.76M $46.04M
YoY Change 10.66% -14.1% 15.54%
Net Earnings / Revenue 42.54% 21.72% 19.44%
Basic Earnings Per Share $1.58 $0.71 $0.97
Diluted Earnings Per Share $1.56 $0.70 $0.95
COMMON SHARES
Basic Shares Outstanding 47.71M 47.68M 47.60M
Diluted Shares Outstanding 48.42M 48.42M 48.41M

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $189.3M $113.6M $298.2M
YoY Change -22.0% -57.89% 91.52%
Cash & Equivalents $120.3M $44.88M $221.6M
Short-Term Investments $69.00M $68.80M $76.50M
Other Short-Term Assets $6.963M $8.607M $8.748M
YoY Change -71.68% -65.16% -60.52%
Inventory
Prepaid Expenses
Receivables $46.83M $65.12M $0.00
Other Receivables $4.700M $6.200M $300.0K
Total Short-Term Assets $309.5M $255.2M $1.282B
YoY Change -17.45% -34.03% 369.83%
LONG-TERM ASSETS
Property, Plant & Equipment $111.0M $110.9M $112.2M
YoY Change -87.96% -87.64% -87.37%
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 $478.0K $743.0K $657.0K
YoY Change -33.89% -3.0% -62.59%
Total Long-Term Assets $1.015B $997.5M $118.4M
YoY Change 9.24% 10.33% -86.78%
TOTAL ASSETS
Total Short-Term Assets $309.5M $255.2M $1.282B
Total Long-Term Assets $1.015B $997.5M $118.4M
Total Assets $1.324B $1.253B $1.400B
YoY Change 1.57% -2.96% 19.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.27M $17.00M $35.44M
YoY Change -51.01% -38.25% 57.61%
Accrued Expenses $8.907M $13.51M $19.00M
YoY Change -57.09% -41.72% -7.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $36.50M $6.600M $6.600M
YoY Change 444.78% -1.49% -1.49%
Total Short-Term Liabilities $80.52M $54.94M $223.8M
YoY Change -66.19% -80.73% 9.26%
LONG-TERM LIABILITIES
Long-Term Debt $23.40M $55.00M $56.60M
YoY Change -60.93% -10.71% -10.58%
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Total Long-Term Liabilities $23.40M $55.00M $56.60M
YoY Change 1850.0% 4001.42% 3849.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.52M $54.94M $223.8M
Total Long-Term Liabilities $23.40M $55.00M $56.60M
Total Liabilities $110.4M $114.3M $299.7M
YoY Change -65.24% -69.53% 1.12%
SHAREHOLDERS EQUITY
Retained Earnings $1.082B $1.007B $972.9M
YoY Change 26.69% 28.08% 30.3%
Common Stock $257.3M $252.4M $241.7M
YoY Change 10.35% 9.98% 7.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $125.5M $120.0M $113.8M
YoY Change 24.59% 21.13% 14.85%
Treasury Stock Shares $4.489M 4.436M shares 4.295M shares
Shareholders Equity $1.214B $1.138B $1.100B
YoY Change
Total Liabilities & Shareholders Equity $1.324B $1.253B $1.400B
YoY Change 1.57% -2.96% 19.8%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $75.53M $33.76M $46.04M
YoY Change 10.66% -14.1% 15.54%
Depreciation, Depletion And Amortization $3.900M $3.800M $14.10M
YoY Change -71.53% -72.06% 3.68%
Cash From Operating Activities $102.6M $40.70M -$63.20M
YoY Change 193.14% -70.12% -363.33%
INVESTING ACTIVITIES
Capital Expenditures -$21.60M -$155.6M -$43.90M
YoY Change -43.46% 500.77% 44.88%
Acquisitions
YoY Change
Other Investing Activities -$900.0K $7.400M $14.90M
YoY Change -50.0% 1380.0% -291.03%
Cash From Investing Activities -$22.50M -$148.3M -$28.90M
YoY Change -43.75% 483.86% -24.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.500M -7.600M -1.900M
YoY Change 66.67% 850.0% -311.11%
NET CHANGE
Cash From Operating Activities 102.6M 40.70M -63.20M
Cash From Investing Activities -22.50M -148.3M -28.90M
Cash From Financing Activities -4.500M -7.600M -1.900M
Net Change In Cash 75.60M -115.2M -94.00M
YoY Change -1081.82% -204.73% 612.12%
FREE CASH FLOW
Cash From Operating Activities $102.6M $40.70M -$63.20M
Capital Expenditures -$21.60M -$155.6M -$43.90M
Free Cash Flow $124.2M $196.3M -$19.30M
YoY Change 69.67% 21.1% -135.54%

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CY2018Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-1174000
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
229438000
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
9606000
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4356000
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4632000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1213597000
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
259628000
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
35786000
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2173000
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3821000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1443433000
CY2019 us-gaap Profit Loss
ProfitLoss
259175000
CY2018 us-gaap Profit Loss
ProfitLoss
229011000
CY2017 us-gaap Profit Loss
ProfitLoss
203319000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10300000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19508000
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12688000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8669000
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
18478000
CY2019 lope Depreciation And Amortization Excluding Intangible Assets
DepreciationAndAmortizationExcludingIntangibleAssets
18696000
CY2018 lope Depreciation And Amortization Excluding Intangible Assets
DepreciationAndAmortizationExcludingIntangibleAssets
35673000
CY2017 lope Depreciation And Amortization Excluding Intangible Assets
DepreciationAndAmortizationExcludingIntangibleAssets
54228000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8223000
CY2019 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
1670000
CY2018 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-11507000
CY2017 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-5160000
CY2019 lope Gain Loss On Transaction Net Of Costs And Asset Impairment
GainLossOnTransactionNetOfCostsAndAssetImpairment
-3966000
CY2018 lope Gain Loss On Transaction Net Of Costs And Asset Impairment
GainLossOnTransactionNetOfCostsAndAssetImpairment
-12605000
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
335000
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2101000
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3883000
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-766000
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
51480000
CY2018 lope Accounts Receivable Related To University Operations
AccountsReceivableRelatedToUniversityOperations
7784000
CY2017 lope Accounts Receivable Related To University Operations
AccountsReceivableRelatedToUniversityOperations
19848000
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2136000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1553000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2399000
CY2019 lope Increase Decrease In Operating Lease Liabilities Recognized In Exchange For Right Of Use Assets
IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets
833000
CY2019 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-3095000
CY2018 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-14306000
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5078000
CY2017 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
5378000
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-15700000
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3079000
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1044000
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-8662000
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
16048000
CY2018 lope Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-189000
CY2017 lope Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-369000
CY2019 lope Increase Decrease In Contract With Customer Liability Excluding Student Deposits
IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits
-25000
CY2018 lope Increase Decrease In Contract With Customer Liability Excluding Student Deposits
IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits
6881000
CY2017 lope Increase Decrease In Contract With Customer Liability Excluding Student Deposits
IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits
6156000
CY2018 lope Increase Decrease In Contract With Customer Liability Student Deposits
IncreaseDecreaseInContractWithCustomerLiabilityStudentDeposits
-7288000
CY2017 lope Increase Decrease In Contract With Customer Liability Student Deposits
IncreaseDecreaseInContractWithCustomerLiabilityStudentDeposits
9417000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
306344000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
199085000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
304898000
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
22391000
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
94527000
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
113586000
CY2018 lope Purchase Of Land Related To Offsite Development
PurchaseOfLandRelatedToOffsiteDevelopment
330000
CY2017 lope Purchase Of Land Related To Offsite Development
PurchaseOfLandRelatedToOffsiteDevelopment
10368000
CY2019 lope Purchase Of Land Related To Offsite Development
PurchaseOfLandRelatedToOffsiteDevelopment
260000
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
361184000
CY2018 lope Payments Related To Disposition Of Productive Assets
PaymentsRelatedToDispositionOfProductiveAssets
131550000
CY2018 lope Payments Of Funding At Closing In Excess Of Required Capital
PaymentsOfFundingAtClosingInExcessOfRequiredCapital
7377000
CY2018 lope Proceeds From Repayment Of Excess Funds
ProceedsFromRepaymentOfExcessFunds
7377000
CY2019 lope Loans For Funding Of Capital Expenditure
LoansForFundingOfCapitalExpenditure
169819000
CY2018 lope Loans For Funding Of Capital Expenditure
LoansForFundingOfCapitalExpenditure
29996000
CY2019 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
9384000
CY2019 lope Repayment Of Notes Receivable Additional Funding For Capital Expenditures
RepaymentOfNotesReceivableAdditionalFundingForCapitalExpenditures
100000000
CY2017 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
685000
CY2018 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
46948000
CY2017 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
94054000
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
57163000
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
65116000
CY2017 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
65259000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-405875000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-238235000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-152064000
CY2019 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
92433000
CY2018 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
6719000
CY2017 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
6805000
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2385000
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
243750000
CY2019 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-68750000
CY2017 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-25000000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
43913000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24758000
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11300000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3821000
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4632000
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7372000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
40090000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-26845000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-35733000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-59441000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-65995000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
117101000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
182013000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
248008000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
130907000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122572000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
182013000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
248008000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
11516000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
1511000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
2252000
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
59903000
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
78195000
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
69606000
CY2018 lope Sale Transaction To Affiliates Through Secured Note Financing
SaleTransactionToAffiliatesThroughSecuredNoteFinancing
870097000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
469000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1121000
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6682000
CY2018 lope Reclassification Of Capitalized Costs Due To Adoption Of Asc606
ReclassificationOfCapitalizedCostsDueToAdoptionOfASC606
9015000
CY2018 lope Reclassification Of Deferred Revenue Due To Adoption Of Asc606
ReclassificationOfDeferredRevenueDueToAdoptionOfASC606
7451000
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
177548000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
778643000
CY2019 lope Gross Up Of Right Of Use Assets And Lease Liabilities Adoption Of Asu201602
GrossUpOfRightOfUseAssetsAndLeaseLiabilitiesAdoptionOfAsu201602
498000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14203000
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
1100000
CY2018 lope Reclassification Of Tax Effect Within Accumulated Other Comprehensive Income
ReclassificationOfTaxEffectWithinAccumulatedOtherComprehensiveIncome
156000
CY2019 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">1. Nature of Business</p><p style="font-family:'Times New Roman';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Grand Canyon Education, Inc. (together with its subsidiaries, the “Company” or “GCE”) is a publicly traded education services company. Prior to July 1, 2018, GCE owned and operated Grand Canyon University (the “University”), a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases and certificates across nine colleges both online and on ground at its campus in Phoenix, Arizona, at leased facilities and at facilities owned by third party employers of its students. On July <span style="white-space:pre-wrap;">1, 2018, the Company sold the University to Grand Canyon University, an Arizona non-profit corporation formerly known as Gazelle University (“GCU”). As a result of this transaction (the “Transaction”), GCE became an education services company focused on providing a full array of support services to institutions in the post-secondary education sector. GCE provides education services, that include technology and academic services, counseling services and support, marketing and communication services, and for its largest university partner several back-office services such as accounting, reporting, tax, human resources, and procurement services. GCE has developed significant technological solutions, infrastructure and operational processes to provide services to these institutions on a large scale. See Note 2 to our consolidated financial statements for a full description of the Transaction.</span></p><p style="font-family:'Times New Roman';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">On January 22, 2019, GCE acquired, by merger, all of the outstanding equity interest of Orbis Education Services, LLC (“Orbis Education”), an education services company that supports healthcare education programs for 22 university partners across the United States, for $361,184<span style="white-space:pre-wrap;">, net of cash acquired (the “Acquisition”). The Company financed a portion of the purchase price through a credit facility provided by a consortium of banks led by our existing bank group. See Note 3 to our consolidated financial statement for a full description of the Acquisition.</span></p><p style="font-family:'Times New Roman';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">As a result of the Transaction and Acquisition, the Company no longer owns and operates an institution of higher education, but instead provides a bundle of services in support of its 22<span style="white-space:pre-wrap;"> university partners. </span></p><p style="font-family:'Times New Roman';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">GCE was formed in Delaware in November 2003 as a limited liability company, under the name Significant Education, LLC, for the purchase of acquiring the assets of the University from a non-profit foundation on February 2, 2004. On August 24, 2005, the Company converted from a limited liability company to a corporation and changed its name to Significant Education, Inc. On May 9, 2008, the Company changed its name to Grand Canyon Education, Inc. The Company’s wholly-owned subsidiaries were historically used to facilitate expansion of the university campus prior to the transaction.</p>
CY2018Q2 lope Number Of Colleges
NumberOfColleges
9
CY2019Q4 lope Number Of University Service Partners
NumberOfUniversityServicePartners
22
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
213247000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
845501000
CY2019Q4 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
213247000
CY2018Q4 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
195656000
CY2019 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
781893000
CY2018 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
907960000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
76669000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
75531000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
259175000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
229011000
CY2019Q4 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
76669000
CY2018Q4 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
69551000
CY2019 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
247930000
CY2018 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
200264000
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">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>
CY2018 us-gaap Debt Securities Available For Sale Transfer To Trading Loss
DebtSecuritiesAvailableForSaleTransferToTradingLoss
372000
CY2018 lope Capitalized Interest Rate On Borrowing To Finance Improvement
CapitalizedInterestRateOnBorrowingToFinanceImprovement
0.037
CY2017 lope Capitalized Interest Rate On Borrowing To Finance Improvement
CapitalizedInterestRateOnBorrowingToFinanceImprovement
0.028
CY2019 us-gaap Interest Costs Incurred
InterestCostsIncurred
11311000
CY2018 us-gaap Interest Costs Incurred
InterestCostsIncurred
2292000
CY2017 us-gaap Interest Costs Incurred
InterestCostsIncurred
2656000
CY2018 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
756000
CY2017 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
487000
CY2019 us-gaap Interest Expense
InterestExpense
11311000
CY2018 us-gaap Interest Expense
InterestExpense
1536000
CY2017 us-gaap Interest Expense
InterestExpense
2169000
CY2019Q4 lope Number Of Stages Of Software Development Projects
NumberOfStagesOfSoftwareDevelopmentProjects
3
CY2019 lope Amortization Of Other Current Assets Under Reclassification
AmortizationOfOtherCurrentAssetsUnderReclassification
twelve-month
CY2019 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P15Y
CY2019 lope Royalty Amortization Period
RoyaltyAmortizationPeriod
P20Y
CY2018Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3037000
CY2019 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2019 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2019Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
6773000
CY2018Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
1960000
CY2019Q4 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
0
lope Reduction In Revenue Due To Scholarships Offered To Students
ReductionInRevenueDueToScholarshipsOfferedToStudents
101176000
CY2017 lope Reduction In Revenue Due To Scholarships Offered To Students
ReductionInRevenueDueToScholarshipsOfferedToStudents
196334000
lope Revenue From Contract With Customer Excluding Assessed Tax Before Revenue Reduction Adjustments
RevenueFromContractWithCustomerExcludingAssessedTaxBeforeRevenueReductionAdjustments
613675000
lope Reduction In Revenue Due To Scholarships Offered To Students
ReductionInRevenueDueToScholarshipsOfferedToStudents
101176000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
512499000
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2019Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
118000
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentration of Credit Risk</p><p style="font-family:'Times New Roman';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The Company 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 BBB rating, depending on the type of security, by one major rating agency at the time of purchase. All of the Company’s cash equivalents and investments as of December 31, 2019 and 2018 consist of investments rated BBB or higher by at least one rating agency. Additionally, the Company 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. The Company is also subject to credit risk for its accounts receivable balance. The Company has not experienced any losses on receivables since July 1, 2018, the date the Company transitioned to an education service company. To manage accounts receivable risk, the Company maintains an allowance for doubtful accounts, if needed. Our dependence on our largest university partner subjects us to the risk that declines in that partner’s operations would result in a sustained reduction in revenues and interest income on Secured Note for the Company.</p>
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
498000
CY2019Q4 lope Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Right Of Use Assets Acquired
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseRightOfUseAssetsAcquired
13069000
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation
13069000
CY2019Q4 us-gaap Investments
Investments
21601000
CY2018Q4 us-gaap Investments
Investments
69002000
CY2018 us-gaap Debt Securities Available For Sale Transfer To Trading Loss
DebtSecuritiesAvailableForSaleTransferToTradingLoss
372000
CY2019 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
0
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
8419000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
216767000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
200728000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
97033000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
89689000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
119734000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
111039000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18393000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35525000
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
53607000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
210280000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8223000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
202057000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8419000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8419000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8419000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8419000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
159962000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
202057000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
4084000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
827000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1545000
CY2019Q4 lope Lessee Operating Lease Lease Not Yet Commenced Commitment Amount
LesseeOperatingLeaseLeaseNotYetCommencedCommitmentAmount
16135000
CY2019Q4 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P10Y6M
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0429
CY2019 lope Number Of Financing Leases
NumberOfFinancingLeases
0
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3767000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4579000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4419000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3835000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3400000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
14331000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
34331000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5728000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28603000
CY2019Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
59850000
CY2019Q1 lope Cash Collateral Released On Repayment Of Debt
CashCollateralReleasedOnRepaymentOfDebt
61667000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
33144000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
56.14
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
16000
CY2018Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6465000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
33144000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
33144000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
33145000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
8341000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
140918000
CY2018Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
0
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
0
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-1100000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47814000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47608000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47140000
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
452000
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
806000
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1095000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48266000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48414000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48235000
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2019Q4 lope Aggregate Deferred Tax Assets Net Of Valuation Allowance And Net Of Liabilities Current
AggregateDeferredTaxAssetsNetOfValuationAllowanceAndNetOfLiabilitiesCurrent
2215000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
92.34
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2019 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2020-12-31
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
376000
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
35786000
CY2019Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
52316000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018 us-gaap Tax Cuts And Jobs Act Of2017 Change In Tax Rate Income Tax Expense Benefit
TaxCutsAndJobsActOf2017ChangeInTaxRateIncomeTaxExpenseBenefit
10700000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
57354000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
60764000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
76966000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-1344000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8732000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8589000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
56010000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
69496000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
85555000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2804000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-10708000
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-6189000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-487000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-799000
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
843000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2317000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-11507000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5346000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58327000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57989000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
80209000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
82.11
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
384000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
422000
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.040
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.032
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.010
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.010
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.007
CY2019 lope Effective Income Tax Rate Reconciliation Excess Tax Benefits
EffectiveIncomeTaxRateReconciliationExcessTaxBenefits
0.023
CY2018 lope Effective Income Tax Rate Reconciliation Excess Tax Benefits
EffectiveIncomeTaxRateReconciliationExcessTaxBenefits
0.037
CY2017 lope Effective Income Tax Rate Reconciliation Excess Tax Benefits
EffectiveIncomeTaxRateReconciliationExcessTaxBenefits
0.058
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.037
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.004
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.018
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.184
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.202
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.283
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2499000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3030000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
614000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
780000
CY2019Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
23693000
CY2019Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
1764000
CY2018Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
879000
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
432000
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
386000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
29002000
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
5075000
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
10865000
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
10778000
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
36295000
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
762000
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
162000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
47322000
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
11540000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
65.57
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
95000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
71.60
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
460000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
63.28
CY2018Q4 lope Aggregate Deferred Tax Assets Net Of Valuation Allowance And Net Of Liabilities Current
AggregateDeferredTaxAssetsNetOfValuationAllowanceAndNetOfLiabilitiesCurrent
1871000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
152000
CY2019Q4 lope Aggregate Deferred Tax Liabilities Net Of Assets And Valuation Allowance Noncurrent
AggregateDeferredTaxLiabilitiesNetOfAssetsAndValuationAllowanceNoncurrent
20535000
CY2018Q4 lope Aggregate Deferred Tax Liabilities Net Of Assets And Valuation Allowance Noncurrent
AggregateDeferredTaxLiabilitiesNetOfAssetsAndValuationAllowanceNoncurrent
8336000
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
18320000
CY2018Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6465000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6773000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1960000
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
18320000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
76.43
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1960000
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2008000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5671000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
96000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
75000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
123000
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
954000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6773000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1960000
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
6773000
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1960000
CY2019Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
153000
CY2018Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
217000
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0
CY2019Q3 lope Number Of New Nonemployee Directors
NumberOfNewNonemployeeDirectors
2
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
993000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
38.32
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
192000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
70.44
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
375000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
32.46
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
34000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
44.51
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
776000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
49.16
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
163000
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1686000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
93.62
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2179000
CY2018Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
981000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
174000
CY2019Q4 us-gaap Share Price
SharePrice
95.79
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10300000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19508000
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12688000
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2575000
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4877000
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5075000
CY2019 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
7725000
CY2018 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
14631000
CY2017 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
7613000
CY2019 lope Minimum Eligible Age To Participate In Plan
MinimumEligibleAgeToParticipateInPlan
P21Y
CY2019 us-gaap Defined Benefit Plan Benefit Obligation Contributions By Plan Participant
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
2238000
CY2018 us-gaap Defined Benefit Plan Benefit Obligation Contributions By Plan Participant
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
1625000
CY2017 us-gaap Defined Benefit Plan Benefit Obligation Contributions By Plan Participant
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
2837000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
197287000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
174820000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
193289000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
213247000
CY2019Q1 lope Technology And Academic Services
TechnologyAndAcademicServices
18625000
CY2019Q2 lope Technology And Academic Services
TechnologyAndAcademicServices
22528000
CY2019Q3 lope Technology And Academic Services
TechnologyAndAcademicServices
24231000
CY2019Q4 lope Technology And Academic Services
TechnologyAndAcademicServices
25128000
CY2019Q1 lope Counseling Services And Support
CounselingServicesAndSupport
53093000
CY2019Q2 lope Counseling Services And Support
CounselingServicesAndSupport
54299000
CY2019Q3 lope Counseling Services And Support
CounselingServicesAndSupport
56249000
CY2019Q4 lope Counseling Services And Support
CounselingServicesAndSupport
59957000
CY2019Q1 us-gaap Marketing Expense
MarketingExpense
35967000
CY2019Q2 us-gaap Marketing Expense
MarketingExpense
35726000
CY2019Q3 us-gaap Marketing Expense
MarketingExpense
37340000
CY2019Q3 us-gaap Amortization Of Intangible Assets
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CY2018Q2 us-gaap Investment Income Nonoperating
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CY2019Q4 us-gaap Marketing Expense
MarketingExpense
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CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2019Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2019Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2179000
CY2019Q1 lope Loss On Transaction
LossOnTransaction
4088000
CY2019Q2 lope Loss On Transaction
LossOnTransaction
-122000
CY2019Q1 us-gaap Costs And Expenses
CostsAndExpenses
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CY2019Q2 us-gaap Costs And Expenses
CostsAndExpenses
123826000
CY2019Q3 us-gaap Costs And Expenses
CostsAndExpenses
133555000
CY2019Q4 us-gaap Costs And Expenses
CostsAndExpenses
131275000
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
72431000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
50994000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
59734000
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
81972000
CY2019Q1 lope Interest Income On Note Receivable
InterestIncomeOnNoteReceivable
13735000
CY2019Q2 lope Interest Income On Note Receivable
InterestIncomeOnNoteReceivable
14482000
CY2019Q3 lope Interest Income On Note Receivable
InterestIncomeOnNoteReceivable
16208000
CY2019Q4 lope Interest Income On Note Receivable
InterestIncomeOnNoteReceivable
14872000
CY2019Q1 us-gaap Interest Expense
InterestExpense
2586000
CY2019Q2 us-gaap Interest Expense
InterestExpense
2907000
CY2019Q3 us-gaap Interest Expense
InterestExpense
2875000
CY2019Q4 us-gaap Interest Expense
InterestExpense
2943000
CY2019Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
1119000
CY2019Q2 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
2668000
CY2019Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
255000
CY2019Q4 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
343000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
84699000
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
65237000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
73322000
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15171000
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17575000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
73243000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
58151000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
76669000
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.54
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.61
CY2018Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
371000
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.52
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.59
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47699000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47851000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47920000
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47758000
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48274000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48313000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48337000
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48112000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275681000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
236818000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
155454000
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
177548000
CY2018Q1 lope Technology And Academic Services
TechnologyAndAcademicServices
10697000
CY2018Q2 lope Technology And Academic Services
TechnologyAndAcademicServices
10678000
CY2018Q3 lope Technology And Academic Services
TechnologyAndAcademicServices
11101000
CY2018Q4 lope Technology And Academic Services
TechnologyAndAcademicServices
11098000
CY2018Q1 lope Counseling Services And Support
CounselingServicesAndSupport
50747000
CY2018Q2 lope Counseling Services And Support
CounselingServicesAndSupport
50838000
CY2018Q3 lope Counseling Services And Support
CounselingServicesAndSupport
51116000
CY2018Q4 lope Counseling Services And Support
CounselingServicesAndSupport
51989000
CY2018Q1 us-gaap Marketing Expense
MarketingExpense
28527000
CY2018Q2 us-gaap Marketing Expense
MarketingExpense
30095000
CY2018Q3 us-gaap Marketing Expense
MarketingExpense
31546000
CY2018Q4 us-gaap Marketing Expense
MarketingExpense
27252000
CY2018Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7419000
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5762000
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10092000
CY2018Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6695000
CY2018Q1 lope University Related Expenses
UniversityRelatedExpenses
87649000
CY2018Q2 lope University Related Expenses
UniversityRelatedExpenses
79517000
CY2018Q3 lope University Related Expenses
UniversityRelatedExpenses
6569000
CY2018Q4 lope University Related Expenses
UniversityRelatedExpenses
-405000
CY2018Q1 lope Loss On Transaction
LossOnTransaction
550000
CY2018Q2 lope Loss On Transaction
LossOnTransaction
1440000
CY2018Q3 lope Loss On Transaction
LossOnTransaction
15610000
CY2018Q4 lope Loss On Transaction
LossOnTransaction
770000
CY2018Q1 us-gaap Costs And Expenses
CostsAndExpenses
185589000
CY2018Q2 us-gaap Costs And Expenses
CostsAndExpenses
178330000
CY2018Q3 us-gaap Costs And Expenses
CostsAndExpenses
126034000
CY2018Q4 us-gaap Costs And Expenses
CostsAndExpenses
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CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
58488000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
29420000
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
80149000
CY2018Q3 lope Interest Income On Note Receivable
InterestIncomeOnNoteReceivable
13248000
CY2018Q4 lope Interest Income On Note Receivable
InterestIncomeOnNoteReceivable
13699000
CY2018Q1 us-gaap Interest Expense
InterestExpense
346000
CY2018Q2 us-gaap Interest Expense
InterestExpense
57000
CY2018Q3 us-gaap Interest Expense
InterestExpense
558000
CY2018Q4 us-gaap Interest Expense
InterestExpense
575000
CY2018Q4 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
521000
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
90727000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
59998000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
42481000
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
93794000
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17046000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8720000
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18263000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
73681000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
46038000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
33761000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
75531000
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.55
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.58
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.52
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.56
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47432000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47604000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47682000
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47708000
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48397000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48411000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48422000
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48422000

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