2014 Q3 Form 10-K Financial Statement

#000104746914007036 Filed on August 15, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2014 Q1
Revenue $236.7M $232.0M $235.2M
YoY Change 3.65% 14.26% 7.9%
Cost Of Revenue $146.8M $142.1M $140.6M
YoY Change 10.46% 9.95% 10.04%
Gross Profit $89.90M $89.99M $94.63M
YoY Change -5.83% 21.78% 4.85%
Gross Profit Margin 37.98% 38.78% 40.23%
Selling, General & Admin $99.50M $74.85M $64.41M
YoY Change 1.28% 13.05% -2.15%
% of Gross Profit 110.68% 83.17% 68.07%
Research & Development -$500.0K $2.303M $2.831M
YoY Change -108.8% -63.26% -44.16%
% of Gross Profit -0.56% 2.56% 2.99%
Depreciation & Amortization $16.90M $16.80M $9.200M
YoY Change -0.29% -4.0% 15.0%
% of Gross Profit 18.8% 18.67% 9.72%
Operating Expenses $103.1M $77.15M $67.25M
YoY Change -0.8% 6.45% -5.15%
Operating Profit -$13.20M $12.84M $27.39M
YoY Change 55.95% 803.8% 41.51%
Interest Expense $0.00 $100.0K $0.00
YoY Change -100.0% -94.12% -100.0%
% of Operating Profit 0.78% 0.0%
Other Income/Expense, Net $0.00 $0.00
YoY Change -23.08% 30.0%
Pretax Income -$13.10M $19.30M $27.37M
YoY Change 53.25% 527.1% 43.72%
Income Tax -$6.500M $7.349M $11.86M
% Of Pretax Income 38.07% 43.33%
Net Earnings -$6.800M $12.36M $15.95M
YoY Change 34.92% 444.8% 33.19%
Net Earnings / Revenue -2.87% 5.32% 6.78%
Basic Earnings Per Share $0.32 $0.40
Diluted Earnings Per Share -$180.4K $0.32 $0.40
COMMON SHARES
Basic Shares Outstanding 38.41M shares 38.54M shares 39.60M shares
Diluted Shares Outstanding 38.74M shares 39.60M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $109.2M $196.1M $185.3M
YoY Change -33.21% 8.04% 18.03%
Cash & Equivalents $109.2M $196.1M $185.3M
Short-Term Investments $1.000M
Other Short-Term Assets $56.70M $25.50M $27.82M
YoY Change 75.08% 6.61% 104.49%
Inventory $18.00M $33.83M $21.29M
Prepaid Expenses $7.356M $10.40M
Receivables $285.0M $194.7M $236.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $468.9M $465.2M $487.5M
YoY Change -11.25% 1.58% 4.75%
LONG-TERM ASSETS
Property, Plant & Equipment $52.10M $48.58M $50.00M
YoY Change -17.17% -13.47% -18.57%
Goodwill $58.09M $61.58M
YoY Change -5.41% 0.29%
Intangibles $23.71M $24.78M
YoY Change -26.23% -25.55%
Long-Term Investments $1.000M $1.000M $1.000M
YoY Change 0.0% -90.0%
Other Assets $5.700M $5.387M $5.547M
YoY Change 5.26% 71.02% 96.35%
Total Long-Term Assets $262.3M $246.5M $249.8M
YoY Change -2.83% -5.55% -9.02%
TOTAL ASSETS
Total Short-Term Assets $468.9M $465.2M $487.5M
Total Long-Term Assets $262.3M $246.5M $249.8M
Total Assets $731.2M $711.7M $737.3M
YoY Change -8.41% -1.01% -0.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.60M $30.98M $24.61M
YoY Change -17.81% 41.84% 23.22%
Accrued Expenses $23.10M $20.54M $14.91M
YoY Change 47.12% 20.63% -42.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $19.60M $20.50M $21.00M
YoY Change -9.68% 3.54% -1.41%
Total Short-Term Liabilities $157.3M $113.8M $132.4M
YoY Change -9.91% 4.19% -3.04%
LONG-TERM LIABILITIES
Long-Term Debt $15.70M $16.40M $16.70M
YoY Change -17.37% 1.86% -18.54%
Other Long-Term Liabilities $15.80M $4.763M $2.297M
YoY Change 508.16% 89.61% 16.6%
Total Long-Term Liabilities $31.50M $4.763M $2.297M
YoY Change 1112.47% 89.61% 16.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $157.3M $113.8M $132.4M
Total Long-Term Liabilities $31.50M $4.763M $2.297M
Total Liabilities $233.0M $165.9M $188.6M
YoY Change -4.77% -2.35% -7.88%
SHAREHOLDERS EQUITY
Retained Earnings -$61.45M -$73.81M
YoY Change -24.18% -11.42%
Common Stock $639.0M $630.5M
YoY Change 16.53% 18.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $48.55M $26.62M
YoY Change
Treasury Stock Shares 2.195M shares 1.242M shares
Shareholders Equity $498.2M $528.9M $530.1M
YoY Change
Total Liabilities & Shareholders Equity $731.2M $711.7M $737.3M
YoY Change -8.41% -1.01% -0.36%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2014 Q1
OPERATING ACTIVITIES
Net Income -$6.800M $12.36M $15.95M
YoY Change 34.92% 444.8% 33.19%
Depreciation, Depletion And Amortization $16.90M $16.80M $9.200M
YoY Change -0.29% -4.0% 15.0%
Cash From Operating Activities -$27.40M $41.40M $60.90M
YoY Change 602.56% 17.61% 124.72%
INVESTING ACTIVITIES
Capital Expenditures -$18.60M -$13.30M -$12.50M
YoY Change -535.19% -2.21% 14.68%
Acquisitions
YoY Change
Other Investing Activities -$6.500M $5.700M $0.00
YoY Change 209.52%
Cash From Investing Activities -$25.10M -$7.600M -$12.50M
YoY Change 70.75% -44.12% 14.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $20.70M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -33.30M -23.10M -26.10M
YoY Change -896.55% 1273.68%
NET CHANGE
Cash From Operating Activities -27.40M 41.40M 60.90M
Cash From Investing Activities -25.10M -7.600M -12.50M
Cash From Financing Activities -33.30M -23.10M -26.10M
Net Change In Cash -85.80M 10.70M 22.30M
YoY Change 361.29% -56.33% 55.94%
FREE CASH FLOW
Cash From Operating Activities -$27.40M $41.40M $60.90M
Capital Expenditures -$18.60M -$13.30M -$12.50M
Free Cash Flow -$8.800M $54.70M $73.40M
YoY Change 7.66% 12.09% 93.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014 us-gaap Basis Of Accounting
BasisOfAccounting
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2"><b>2. Basis of Presentation</b></font></p> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and all controlled subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation.</font></p> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company operates in one operating and reportable business segment as a technology-based education company providing proprietary curriculum, software systems and educational services designed to facilitate individualized learning for students primarily in kindergarten through 12<sup>th</sup>&#160;grade. The Chief Operating Decision Maker evaluates profitability based only on consolidated results.</font></p> </div>
CY2014 us-gaap Nature Of Operations
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2"><b>1. Description of the Business</b></font></p> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;K<sup>12</sup>&#160;Inc. and its subsidiaries ("K<sup>12</sup>" or the "Company") is a technology-based education company. The Company offers proprietary curriculum, software systems and educational services designed to facilitate individualized learning for students primarily in kindergarten through 12th&#160;grade, or K-12. The Company's mission is to maximize a child's potential by providing access to an engaging and effective education, regardless of geographic location or socio-economic background. Our learning system combines the Company's curriculum and offerings with an individualized learning approach well-suited for virtual and blended public schools, public school districts, charter schools, private schools and families that utilize varying degrees of online and traditional classroom instruction, and other educational applications. In contracting with a virtual and blended public school, the Company typically provides students with access to the K<sup>12</sup> online curriculum, offline learning kits and the use of a personal computer in certain cases, in addition to providing management services. For fiscal year 2015, the Company will manage virtual schools in 33 states and the District of Columbia.</font></p> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In addition, the Company works closely as partners with a growing number of public schools, school districts, private schools and charter schools enabling them to offer their students an array of online education solutions, including full-time virtual and blended programs, semester course and supplemental solutions. In addition to curriculum, systems and programs, the Company provides teacher training, teaching services and other support services.</font></p> </div>
CY2014 lrn Number Of States In Which Entity Manages Schools
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <ul> <li style="list-style: none;"> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2"><b><i>Use of Estimates</i></b></font></p></li></ul> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The preparation of financial statements in conformity with accounting principles generally accepted in the United States ("GAAP") requires management to make estimates and assumptions affecting the reported amounts of assets and liabilities and contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates and assumptions, including those related to allowance for doubtful accounts, inventory reserves, amortization periods, the allocation of purchase price to the fair value of net assets and liabilities acquired in business combinations, fair values used in asset impairment evaluations, valuation of long-lived assets, fair value of redeemable noncontrolling interest, contingencies, income taxes and stock-based compensation expense. The Company bases its estimates on historical experience and various assumptions that it believes are reasonable under the circumstances. The results of the analysis form the basis for making assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.</font></p> </div>
CY2014 dei Entity Registrant Name
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CY2014 dei Document Type
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CY2014 dei Document Period End Date
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CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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38742379 shares
CY2013 lrn Percentage Of Impact On Total Revenue
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0.002 pure
CY2012 lrn Percentage Of Impact On Total Revenue
PercentageOfImpactOnTotalRevenue
-0.001 pure
CY2011 lrn Percentage Of Impact On Total Revenue
PercentageOfImpactOnTotalRevenue
0.007 pure
CY2014Q2 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
975000 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
-0.064 pure
CY2014 lrn Effective Income Tax Rate Reconciliation Reserve For Unrecognized Tax Benefits
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0.039 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.024 pure
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
196109000 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
181480000 USD
CY2014Q2 us-gaap Accounts Receivable Net Current
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194676000 USD
CY2013Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
186459000 USD
CY2014Q2 us-gaap Inventory Net
InventoryNet
33830000 USD
CY2013Q2 us-gaap Inventory Net
InventoryNet
44395000 USD
CY2013Q2 us-gaap Prepaid Expense Current
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10331000 USD
CY2014Q2 us-gaap Other Assets Current
OtherAssetsCurrent
25498000 USD
CY2013Q2 us-gaap Other Assets Current
OtherAssetsCurrent
23916000 USD
CY2014Q2 us-gaap Assets Current
AssetsCurrent
465201000 USD
CY2013Q2 us-gaap Assets Current
AssetsCurrent
457949000 USD
CY2014Q2 lrn Property Plant And Equipment Excluding Software Development Costs Net
PropertyPlantAndEquipmentExcludingSoftwareDevelopmentCostsNet
48581000 USD
CY2013Q2 lrn Property Plant And Equipment Excluding Software Development Costs Net
PropertyPlantAndEquipmentExcludingSoftwareDevelopmentCostsNet
56142000 USD
CY2014Q2 lrn Capitalized Software Development Costs For Software Applications Used Internally Net
CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationsUsedInternallyNet
49920000 USD
CY2013Q2 lrn Capitalized Software Development Costs For Software Applications Used Internally Net
CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationsUsedInternallyNet
43504000 USD
CY2014Q2 lrn Capitalized Software Development Costs For Software Application Used Internally Curriculum Content Net
CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationUsedInternallyCurriculumContentNet
60782000 USD
CY2013Q2 lrn Capitalized Software Development Costs For Software Application Used Internally Curriculum Content Net
CapitalizedSoftwareDevelopmentCostsForSoftwareApplicationUsedInternallyCurriculumContentNet
64599000 USD
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
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CY2013Q2 us-gaap Intangible Assets Net Excluding Goodwill
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32139000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5387000 USD
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3150000 USD
CY2014Q2 us-gaap Assets
Assets
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CY2013Q2 us-gaap Assets
Assets
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CY2014Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
30976000 USD
CY2013Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
21838000 USD
CY2014Q2 us-gaap Accrued Liabilities Current
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20539000 USD
CY2013Q2 us-gaap Accrued Liabilities Current
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17027000 USD
CY2014Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
17400000 USD
CY2013Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
21970000 USD
CY2014Q2 us-gaap Deferred Revenue Current
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24353000 USD
CY2013Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
28567000 USD
CY2014Q2 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
20492000 USD
CY2013Q2 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
19395000 USD
CY2013Q2 us-gaap Notes Payable Current
NotesPayableCurrent
390000 USD
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
113760000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2014Q2 us-gaap Additional Paid In Capital Common Stock
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CY2013Q2 us-gaap Additional Paid In Capital Common Stock
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548390000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-294000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-61450000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-81050000 USD
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
48548000 USD
CY2013Q2 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2014Q2 us-gaap Deferred Rent Credit Noncurrent
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8488000 USD
CY2013Q2 us-gaap Deferred Rent Credit Noncurrent
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8833000 USD
CY2014Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
16447000 USD
CY2013Q2 us-gaap Capital Lease Obligations Noncurrent
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16107000 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
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4763000 USD
CY2013Q2 us-gaap Commitments And Contingencies
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CY2013Q2 us-gaap Other Liabilities Noncurrent
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2512000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
165936000 USD
CY2013Q2 us-gaap Liabilities
Liabilities
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CY2012 us-gaap Revenues
Revenues
708407000 USD
CY2014Q2 us-gaap Commitments And Contingencies
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CY2014Q2 us-gaap Common Stock Value
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4000 USD
CY2013Q2 us-gaap Common Stock Value
CommonStockValue
4000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
528930000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
530162000 USD
CY2013Q2 us-gaap Minority Interest
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3596000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
528930000 USD
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
533758000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
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711667000 USD
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
718896000 USD
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable
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3460000 USD
CY2013Q2 us-gaap Allowance For Doubtful Accounts Receivable
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2560000 USD
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2013Q2 us-gaap Common Stock Par Or Stated Value Per Share
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0.0001
CY2013Q2 us-gaap Common Stock Shares Issued
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37440662 shares
CY2013Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37440662 shares
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
2195196 shares
CY2013Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
0 shares
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
193099000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
144652000 USD
CY2014 us-gaap Cost Of Services
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569219000 USD
CY2013 us-gaap Cost Of Services
CostOfServices
498398000 USD
CY2012 us-gaap Cost Of Services
CostOfServices
408560000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
313258000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
283032000 USD
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
245274000 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
14220000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21084000 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
25593000 USD
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
896697000 USD
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
802514000 USD
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
679427000 USD
CY2014 us-gaap Operating Income Loss
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22856000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
45706000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
28980000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
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6404000 USD
CY2014 us-gaap Interest Income Expense Net
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CY2013 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
851000 USD
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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29191000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
27991000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
26534000 USD
CY2012 us-gaap Profit Loss
ProfitLoss
16109000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-394000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
72000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1075000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
8889000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-3122000 USD
CY2014 lrn Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
-7186000 USD
CY2013 lrn Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
15770000 USD
CY2012 lrn Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
10297000 USD
CY2014 us-gaap Provision For Doubtful Accounts
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1439000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1577000 USD
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1434000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
182000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
18298000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
26140000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
16181000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1484000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1577000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1434000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19782000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
27717000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
17615000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86267000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
65737000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58033000 USD
CY2014 us-gaap Share Based Compensation
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22828000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
14374000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
10067000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2070000 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
204000 USD
CY2014 us-gaap Inventory Write Down
InventoryWriteDown
4293000 USD
CY2013 us-gaap Inventory Write Down
InventoryWriteDown
387000 USD
CY2012 us-gaap Inventory Write Down
InventoryWriteDown
1618000 USD
CY2014 lrn Provision For Student Computer Shrinkage And Obsolescence
ProvisionForStudentComputerShrinkageAndObsolescence
-526000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12257000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
27708000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
64270000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-6272000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6929000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8918000 USD
CY2014 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-2735000 USD
CY2013 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-843000 USD
CY2012 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
784000 USD
CY2014 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1645000 USD
CY2013 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-682000 USD
CY2012 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
5260000 USD
CY2014 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
212000 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
466000 USD
CY2012 us-gaap Increase Decrease In Other Noncurrent Assets
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-764000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
9778000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2115000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2794000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities
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4793000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3226000 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-292000 USD
CY2014 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-4214000 USD
CY2013 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
4616000 USD
CY2012 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
4275000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1429000 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
3119000 USD
CY2012 us-gaap Payments For Software
PaymentsForSoftware
21994000 USD
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
3351000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-1501000 USD
CY2014 lrn Increase Decrease In Deferred Rent And Other Long Term Liabilities
IncreaseDecreaseInDeferredRentAndOtherLongTermLiabilities
1904000 USD
CY2013 lrn Increase Decrease In Deferred Rent And Other Long Term Liabilities
IncreaseDecreaseInDeferredRentAndOtherLongTermLiabilities
2059000 USD
CY2012 lrn Increase Decrease In Deferred Rent And Other Long Term Liabilities
IncreaseDecreaseInDeferredRentAndOtherLongTermLiabilities
843000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
123477000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
95293000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
32991000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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7405000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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8339000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10483000 USD
CY2014 us-gaap Payments For Software
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26553000 USD
CY2013 us-gaap Payments For Software
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23446000 USD
CY2014 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
2100000 USD
CY2014 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
5665000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
12641000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-45804000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-50345000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-61241000 USD
CY2014 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
22694000 USD
CY2013 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
20275000 USD
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
16600000 USD
CY2014 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
390000 USD
CY2013 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1533000 USD
CY2012 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1820000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
48548000 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10294000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7253000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3380000 USD
CY2014 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1275000 USD
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
313000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1075000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
8889000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
-3122000 USD
CY2014 lrn Repurchase Of Restricted Stock For Income Tax Withholding
RepurchaseOfRestrictedStockForIncomeTaxWithholding
5018000 USD
CY2013 lrn Repurchase Of Restricted Stock For Income Tax Withholding
RepurchaseOfRestrictedStockForIncomeTaxWithholding
2546000 USD
CY2012 lrn Repurchase Of Restricted Stock For Income Tax Withholding
RepurchaseOfRestrictedStockForIncomeTaxWithholding
1292000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-64006000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-8212000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-19767000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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962000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
92000 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-430000 USD
CY2014 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
14629000 USD
CY2013 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
36828000 USD
CY2012 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-48447000 USD
CY2013 lrn Provision For Student Computer Shrinkage And Obsolescence
ProvisionForStudentComputerShrinkageAndObsolescence
482000 USD
CY2012 lrn Provision For Student Computer Shrinkage And Obsolescence
ProvisionForStudentComputerShrinkageAndObsolescence
1038000 USD
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
5018000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
313000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10067000 USD
CY2013Q4 dei Entity Public Float
EntityPublicFloat
561372000 USD
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
38411114 shares
CY2014 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
1300000 USD
CY2013 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
1000000 USD
CY2012 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
1500000 USD
CY2011Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
452747000 USD
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
477648000 USD
CY2012 lrn Profit Loss Excluding Redeemable Noncontrolling Interest
ProfitLossExcludingRedeemableNoncontrollingInterest
17571000 USD
CY2013 lrn Profit Loss Excluding Redeemable Noncontrolling Interest
ProfitLossExcludingRedeemableNoncontrollingInterest
27553000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
72000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-394000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
182000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14374000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
22828000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
3380000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
7253000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
10294000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
-3122000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
8889000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
1075000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
1462000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
-981000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
1645000 USD
CY2012 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1292000 USD
CY2013 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2546000 USD
CY2014 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
24132000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
8800000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
7700000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
7800000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
7910000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
7599000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
7291000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
7199000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
7243000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
17944000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
55186000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
48548000 USD
CY2014 lrn Adjustments To Additional Paid In Capital Sale Of Business Assets
AdjustmentsToAdditionalPaidInCapitalSaleOfBusinessAssets
3387000 USD
CY2014 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
5200000 USD
CY2013 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2012 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2500000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2500000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2000000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2000000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2000000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
12700000 USD
CY2014 lrn Intangible Assets Written Off Related To Sale Of Business Unit
IntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
400000 USD
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8000000 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4600000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4700000 USD
CY2014 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-size:10.0pt;font-family:Times New Roman;"> <ul> <li style="list-style: none;"> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2"><b><i>Reclassifications</i></b></font></p></li></ul> <p style="TEXT-ALIGN: justify; FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company has reclassified certain prior year fixed asset classifications to conform to the current year presentation. There was no effect on the fixed assets, total assets, or the income statement from such reclassification.</font></p> </div>
CY2014Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
6400000 USD
CY2013Q4 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
75000000 USD
CY2013Q4 lrn Term Of Share Repurchase
TermOfShareRepurchase
P2Y
CY2014 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2195196 shares
CY2014 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
22.10
CY2014 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
26500000 USD

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