$LRN
Stride, Inc. Stock $lrn

$lrn Overview Financials Valuation SEC Filings Company Website

2013 Q1 Form 10-Q Financial Statement

#000110465913037155 Filed on May 03, 2013

Income Statement

Concept	2013 Q1	2012 Q1
Revenue	$218.0M	$178.2M
YoY Change	22.36%	36.74%
Cost Of Revenue	$127.8M	$106.0M
YoY Change	20.58%	36.36%
Gross Profit	$90.25M	$72.22M
YoY Change	24.97%	37.3%
Gross Profit Margin	41.4%	40.53%
Selling, General & Admin	$65.83M	$53.62M
YoY Change	22.77%	45.7%
% of Gross Profit	72.94%	74.24%
Research & Development	$5.070M	$7.012M
YoY Change	-27.7%	40.24%
% of Gross Profit	5.62%	9.71%
Depreciation & Amortization	$8.000M	$14.60M
YoY Change	-45.21%	32.73%
% of Gross Profit	8.86%	20.22%
Operating Expenses	$70.90M	$60.63M
YoY Change	16.93%	45.05%
Operating Profit	$19.35M	$11.59M
YoY Change	66.99%	7.31%
Interest Expense	-$300.0K	-$300.0K
YoY Change	0.0%	0.0%
% of Operating Profit	-1.55%	-2.59%
Other Income/Expense, Net	$0.00	$0.00
YoY Change	-176.92%	-533.33%
Pretax Income	$19.05M	$11.32M
YoY Change	68.19%	7.85%
Income Tax	$7.626M	$4.638M
% Of Pretax Income	40.04%	40.96%
Net Earnings	$11.98M	$6.977M
YoY Change	71.64%	24.59%
Net Earnings / Revenue	5.49%	3.92%
Basic Earnings Per Share	$0.31	$0.18
Diluted Earnings Per Share	$0.31	$0.18
COMMON SHARES
Basic Shares Outstanding	36.28M shares	35.88M shares
Diluted Shares Outstanding	39.03M shares	38.66M shares

Balance Sheet

Concept	2013 Q1	2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$157.0M	$123.7M
YoY Change	26.92%	208.48%
Cash & Equivalents	$157.0M	$123.7M
Short-Term Investments	$0.00	$0.00
Other Short-Term Assets	$13.61M	$33.80M
YoY Change	-59.75%	31.52%
Inventory	$29.34M	$27.50M
Prepaid Expenses
Receivables	$234.6M	$205.3M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$465.4M	$390.4M
YoY Change	19.2%	78.26%
LONG-TERM ASSETS
Property, Plant & Equipment	$61.40M	$61.40M
YoY Change	0.0%	38.29%
Goodwill	$61.40M
YoY Change
Intangibles	$33.29M
YoY Change
Long-Term Investments	$10.00M	$10.00M
YoY Change	0.0%	0.0%
Other Assets	$2.825M	$3.200M
YoY Change	-11.72%	-30.43%
Total Long-Term Assets	$274.6M	$261.3M
YoY Change	5.08%	14.25%
TOTAL ASSETS
Total Short-Term Assets	$465.4M	$390.4M
Total Long-Term Assets	$274.6M	$261.3M
Total Assets	$739.9M	$651.7M
YoY Change	13.54%	45.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$19.98M	$17.30M
YoY Change	15.47%	25.36%
Accrued Expenses	$26.03M	$32.40M
YoY Change	-19.66%	53.55%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$21.30M	$17.70M
YoY Change	20.34%	26.43%
Total Short-Term Liabilities	$136.5M	$113.9M
YoY Change	19.88%	47.54%
LONG-TERM LIABILITIES
Long-Term Debt	$20.50M	$18.70M
YoY Change	9.63%	70.0%
Other Long-Term Liabilities	$1.970M	$8.700M
YoY Change	-77.36%	20.83%
Total Long-Term Liabilities	$1.970M	$27.40M
YoY Change	-92.81%	50.55%
TOTAL LIABILITIES
Total Short-Term Liabilities	$136.5M	$113.9M
Total Long-Term Liabilities	$1.970M	$27.40M
Total Liabilities	$204.8M	$177.9M
YoY Change	15.1%	37.48%
SHAREHOLDERS EQUITY
Retained Earnings	-$83.32M
YoY Change
Common Stock	$534.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$513.8M	$473.8M
YoY Change
Total Liabilities & Shareholders Equity	$739.9M	$651.7M
YoY Change	13.54%	45.57%

Cashflow Statement

Concept	2013 Q1	2012 Q1
OPERATING ACTIVITIES
Net Income	$11.98M	$6.977M
YoY Change	71.64%	24.59%
Depreciation, Depletion And Amortization	$8.000M	$14.60M
YoY Change	-45.21%	32.73%
Cash From Operating Activities	$27.10M	$6.000M
YoY Change	351.67%	-69.85%
INVESTING ACTIVITIES
Capital Expenditures	-$10.90M	-$11.40M
YoY Change	-4.39%	-2.56%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$10.90M	-$11.50M
YoY Change	-5.22%	134.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.900M	-4.700M
YoY Change	-59.57%	-54.37%
NET CHANGE
Cash From Operating Activities	27.10M	6.000M
Cash From Investing Activities	-10.90M	-11.50M
Cash From Financing Activities	-1.900M	-4.700M
Net Change In Cash	14.30M	-10.20M
YoY Change	-240.2%	-317.02%
FREE CASH FLOW
Cash From Operating Activities	$27.10M	$6.000M
Capital Expenditures	-$10.90M	-$11.40M
Free Cash Flow	$38.00M	$17.40M
YoY Change	118.39%	-44.94%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	lrn	Number Of States In Which Entity Manages Schools NumberOfStatesInWhichEntityManagesSchools	33	item
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	item
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	item
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="MARGIN: 0in 0in 0pt"><b><i><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman" size="2">Reclassifications</font></i></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The Company has reclassified certain prior year enrollment related costs from instructional costs and services to selling, administrative and other operating expenses to conform to the current year presentation. There was no effect on total costs and expenses, income from operations or net income from such reclassification.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p></div>
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	lrn	Amortization Of Capitalized Curriculum Development Costs AmortizationOfCapitalizedCurriculumDevelopmentCosts	10700000	USD
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CY2012Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.410	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.419	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.431	pure
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35	pure
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CY2013Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	3100000	USD
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CY2013Q1	lrn	Debt Instrument Future Minimum Payments Due In Two Years DebtInstrumentFutureMinimumPaymentsDueInTwoYears	14974000	USD
CY2013Q1	lrn	Debt Instrument Future Minimum Payments Due In Three Years DebtInstrumentFutureMinimumPaymentsDueInThreeYears	5954000	USD
CY2013Q1	lrn	Debt Instrument Future Minimum Payments Due DebtInstrumentFutureMinimumPaymentsDue	43143000	USD
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CY2013Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.31
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CY2013Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-326000	USD
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CY2013Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	517961000	USD
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CY2012Q1	us-gaap	Revenues Revenues	178175000	USD
	us-gaap	Revenues Revenues	645133000	USD
	us-gaap	Revenues Revenues	538005000	USD
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CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	19352000	USD
CY2012Q1	us-gaap	Cost Of Services CostOfServices	105955000	USD
	us-gaap	Cost Of Services CostOfServices	369205000	USD
CY2012Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	53619000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	184265000	USD
CY2012Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	7012000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	20810000	USD
CY2012Q1	us-gaap	Costs And Expenses CostsAndExpenses	166586000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	600848000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	511056000	USD
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	11589000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	44285000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	26949000	USD
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CY2012Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-265000	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-807000	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-722000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	19046000	USD
CY2012Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	11324000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	26227000	USD
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7626000	USD
CY2012Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4638000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	18195000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	11311000	USD
CY2013Q1	us-gaap	Profit Loss ProfitLoss	11420000	USD
CY2012Q1	us-gaap	Profit Loss ProfitLoss	6686000	USD
	us-gaap	Profit Loss ProfitLoss	25283000	USD
	us-gaap	Profit Loss ProfitLoss	14916000	USD
CY2013Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-555000	USD
CY2012Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-291000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-559000	USD
CY2012Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	23000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-426000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	129000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-276000	USD
	us-gaap	Payments For Software PaymentsForSoftware	17867000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	12641000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	1289000	USD
	lrn	Deferred Income Tax Noncash Expense Benefit DeferredIncomeTaxNoncashExpenseBenefit	16348000	USD
	lrn	Deferred Income Tax Noncash Expense Benefit DeferredIncomeTaxNoncashExpenseBenefit	9571000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1814000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	480000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	272000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-45460000	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	14674000	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	1177000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	464000	USD
	lrn	Provision For Student Computer Shrinkage And Obsolescence ProvisionForStudentComputerShrinkageAndObsolescence	439000	USD
	lrn	Provision For Student Computer Shrinkage And Obsolescence ProvisionForStudentComputerShrinkageAndObsolescence	427000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	11144000	USD
CY2012Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	6709000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	24857000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	15045000	USD
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-559000	USD
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-827000	USD
CY2013Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	11699000	USD
CY2012Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	7000000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	25416000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	15872000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	48176000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	42312000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	9833000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	75549000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-2565000	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	9919000	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	4004000	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-992000	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	3635000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	142000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-229000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-3976000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-3901000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	12229000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	2124000	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	2333000	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	3040000	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	24092000	USD
	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	-1501000	USD
	lrn	Increase Decrease In Deferred Rent And Other Long Term Liabilities IncreaseDecreaseInDeferredRentAndOtherLongTermLiabilities	1666000	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	24310000	USD
	lrn	Increase Decrease In Deferred Rent And Other Long Term Liabilities IncreaseDecreaseInDeferredRentAndOtherLongTermLiabilities	650000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	59216000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-13530000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5265000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	3123000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	1289000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	12316000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-69446000	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	123653000	USD
CY2011Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	193099000	USD
	lrn	Profit Loss Excluding Redeemable Noncontrolling Interest ProfitLossExcludingRedeemableNoncontrollingInterest	25886000	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9833000	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions	3027000	USD
	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	4413000	USD
	us-gaap	Temporary Equity Accretion To Redemption Value TemporaryEquityAccretionToRedemptionValue	-603000	USD
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	1817000	USD
	us-gaap	Minority Interest In Net Income Loss Joint Venture Partners MinorityInterestInNetIncomeLossJointVenturePartners	100000	USD
CY2013Q1	lrn	Cumulative Investment In Development And Acquisition Since Inception CumulativeInvestmentInDevelopmentAndAcquisitionSinceInception	340000000	USD
CY2013Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	4800000	USD
CY2012Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	4500000	USD
	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
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	us-gaap	Nature Of Operations NatureOfOperations	<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">1.</font></b><font style="FONT-SIZE: 3pt" size="1">             </font> <b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt" size="2">Description of the Business</font></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">K12</font> <font style="FONT-SIZE: 10pt" size="2">Inc. and its subsidiaries (“K</font><font style="FONT-SIZE: 6.5pt; POSITION: relative; TOP: -3pt" size="1">12”</font><font style="FONT-SIZE: 10pt" size="2"> 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 grade (“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. Since the Company’s inception, it has invested approximately $340 million to develop and to a lesser extent, acquire curriculum and online learning platforms that promote mastery of core concepts, skills and standards for students of all abilities. This learning system combines the Company’s curriculum and offerings with an individualized learning approach well-suited for virtual and blended public schools, school district online programs, public charter schools and private schools that utilize varying degrees of online and traditional classroom instruction, and other educational applications. In contracting with a virtual or blended public school, the Company typically provides students with access to the K</font><font style="FONT-SIZE: 6.5pt; POSITION: relative; TOP: -3pt" size="1">12</font><font style="FONT-SIZE: 10pt" size="2"> online curriculum, offline learning kits and the use of a personal computer in certain cases, in addition to providing management services. The Company provides management services to public schools in 33 states and the District of Columbia.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">In addition, the Company works closely with a growing number of public schools, school districts, private schools and public charter schools enabling them to offer their students an array of solutions, including full-time virtual 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>
	us-gaap	Basis Of Accounting BasisOfAccounting	<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">2.</font></b><font style="FONT-SIZE: 3pt" size="1">             </font> <b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt" size="2">Basis of Presentation</font></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The accompanying condensed consolidated balance sheet as of March 31, 2013, the condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended March 31, 2013 and 2012, the condensed consolidated statements of cash flows for the nine months ended March 31, 2013 and 2012, and the condensed consolidated statement of equity (deficit) for the nine months ended March 31, 2013 are unaudited. The unaudited interim financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position and results of operations for the periods presented.  The results of the three and nine month periods ended March 31, 2013 are not necessarily indicative of the results to be expected for the year ending June 30, 2013 or for any other interim period or for any other future fiscal year. The consolidated balance sheet as of June 30, 2012 has been derived from the audited consolidated financial statements at that date.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, these statements include all adjustments (consisting of normal recurring adjustments) considered necessary to present a fair statement of the Company’s condensed consolidated results of operations, financial position and cash flows. Preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the financial statements and footnotes. Actual results could differ from those estimates. This quarterly report on Form 10-Q should be read in conjunction with the financial statements and the notes thereto included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on September 12, 2012, which contains the Company’s audited financial statements for the fiscal year ended June 30, 2012.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">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 12th grade. The Chief Operating Decision Maker evaluates profitability based on consolidated results.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p></div>
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Registrant Name EntityRegistrantName	K12 INC
	dei	Entity Central Index Key EntityCentralIndexKey	0001157408
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2013-03-31
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2013Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	37202660	shares
CY2013Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	3000000	USD
CY2013Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2013Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2013Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	37164431	shares
CY2013Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	37164431	shares
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	11950000	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	1443000	USD
	lrn	Repurchase Of Restricted Stock For Income Tax Withholding RepurchaseOfRestrictedStockForIncomeTaxWithholding	1291000	USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	313000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-10585000	USD

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