$UTI
UNIVERSAL TECHNICAL INSTITUTE INC

2014 Q1 Form 10-Q Financial Statement

#000126165414000026 Filed on April 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $94.71M $95.09M
YoY Change -0.4% -10.49%
Cost Of Revenue $23.90M $24.00M
YoY Change -0.42% -55.06%
Gross Profit $70.80M $71.00M
YoY Change -0.28% 34.47%
Gross Profit Margin 74.75% 74.67%
Selling, General & Admin $45.55M $46.56M
YoY Change -2.17% -6.52%
% of Gross Profit 64.33% 65.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.770M $5.627M
YoY Change -15.23% -5.95%
% of Gross Profit 6.74% 7.93%
Operating Expenses $96.32M $97.01M
YoY Change -0.71% -6.02%
Operating Profit -$1.612M -$1.907M
YoY Change -15.47% -163.25%
Interest Expense -$400.0K $100.0K
YoY Change -500.0% 0.0%
% of Operating Profit
Other Income/Expense, Net -$259.0K $317.0K
YoY Change -181.7% 16.97%
Pretax Income -$1.871M -$1.622M
YoY Change 15.35% -149.36%
Income Tax -$251.0K -$702.0K
% Of Pretax Income
Net Earnings -$1.620M -$901.0K
YoY Change 79.8% -146.64%
Net Earnings / Revenue -1.71% -0.95%
Basic Earnings Per Share -$0.07 -$0.04
Diluted Earnings Per Share -$0.07 -$0.04
COMMON SHARES
Basic Shares Outstanding 24.66M shares 24.40M shares
Diluted Shares Outstanding 24.66M shares 24.40M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $89.90M $79.30M
YoY Change 13.37% -22.78%
Cash & Equivalents $33.57M $28.54M
Short-Term Investments $55.60M $50.80M
Other Short-Term Assets $27.50M $22.30M
YoY Change 23.32% 17.99%
Inventory
Prepaid Expenses
Receivables $10.47M $12.04M
Other Receivables $0.00 $0.00
Total Short-Term Assets $127.8M $113.6M
YoY Change 12.53% -14.54%
LONG-TERM ASSETS
Property, Plant & Equipment $105.0M $92.13M
YoY Change 14.02% -0.07%
Goodwill $20.58M $20.58M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $4.208M $15.00M
YoY Change -71.95% 5.63%
Other Assets $9.836M $8.932M
YoY Change 10.12% 17.53%
Total Long-Term Assets $157.4M $143.5M
YoY Change 9.67% 6.54%
TOTAL ASSETS
Total Short-Term Assets $127.8M $113.6M
Total Long-Term Assets $157.4M $143.5M
Total Assets $285.2M $257.1M
YoY Change 10.94% -3.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.84M $5.046M
YoY Change 174.26% -46.32%
Accrued Expenses $7.373M $7.858M
YoY Change -6.17% -77.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0K
YoY Change
Total Short-Term Liabilities $95.43M $84.33M
YoY Change 13.17% -16.34%
LONG-TERM LIABILITIES
Long-Term Debt $32.80M $0.00
YoY Change
Other Long-Term Liabilities $10.10M $8.119M
YoY Change 24.45% -57.27%
Total Long-Term Liabilities $10.10M $8.119M
YoY Change 24.45% -57.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $95.43M $84.33M
Total Long-Term Liabilities $10.10M $8.119M
Total Liabilities $149.5M $115.7M
YoY Change 29.26% -3.44%
SHAREHOLDERS EQUITY
Retained Earnings $52.25M $60.77M
YoY Change -14.02%
Common Stock $173.2M $169.9M
YoY Change 1.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $89.76M $89.29M
YoY Change 0.52%
Treasury Stock Shares 5.923M shares 5.887M shares
Shareholders Equity $135.7M $141.4M
YoY Change
Total Liabilities & Shareholders Equity $285.2M $257.1M
YoY Change 10.94% -3.89%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$1.620M -$901.0K
YoY Change 79.8% -146.64%
Depreciation, Depletion And Amortization $4.770M $5.627M
YoY Change -15.23% -5.95%
Cash From Operating Activities $6.530M $9.210M
YoY Change -29.1% -7.9%
INVESTING ACTIVITIES
Capital Expenditures -$2.560M -$1.400M
YoY Change 82.86% -30.69%
Acquisitions
YoY Change
Other Investing Activities -$3.450M -$7.110M
YoY Change -51.48% -352.13%
Cash From Investing Activities -$6.000M -$8.510M
YoY Change -29.49% -1150.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.040M -2.350M
YoY Change 29.36% -34.72%
NET CHANGE
Cash From Operating Activities 6.530M 9.210M
Cash From Investing Activities -6.000M -8.510M
Cash From Financing Activities -3.040M -2.350M
Net Change In Cash -2.510M -1.650M
YoY Change 52.12% -122.88%
FREE CASH FLOW
Cash From Operating Activities $6.530M $9.210M
Capital Expenditures -$2.560M -$1.400M
Free Cash Flow $9.090M $10.61M
YoY Change -14.33% -11.73%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of the Business</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are the leading provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time student enrollment and graduates. We offer undergraduate degree and diploma programs at </font><font style="font-family:inherit;font-size:10pt;">11</font><font style="font-family:inherit;font-size:10pt;"> campuses across the United States under the banner of several well-known brands, including Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute and NASCAR Technical Institute. We also offer manufacturer specific training (MSAT) programs, including student paid electives, at our campuses and manufacturer or dealer sponsored training at certain campuses and dedicated training centers.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We work closely with leading original equipment manufacturers (OEMs) in the automotive, diesel, motorcycle and marine industries to understand their needs for qualified service professionals. Revenues generated from our schools consist primarily of tuition and fees paid by students. To pay for a substantial portion of their tuition, the majority of students rely on funds received from federal financial aid programs under Title IV Programs of the Higher Education Act of 1965, as amended (HEA), as well as from various veterans benefits programs. For further discussion, see Concentration of Risk and Note 16 &#8220;Governmental Regulation and Financial Aid&#8221; included in our 2013 Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on December 4, 2013.</font></div></div>
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments To Acquire Held To Maturity Securities
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44046000 USD
us-gaap Payments To Acquire Held To Maturity Securities
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33132000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4160000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5488000 USD
CY2014Q1 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
1843000 USD
CY2013Q3 us-gaap Postemployment Benefits Liability Current And Noncurrent
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us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
755000 USD
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2013Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
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PreferredStockSharesAuthorized
10000000 shares
CY2013Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q3 us-gaap Preferred Stock Shares Issued
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0 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15553000 USD
CY2014Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
17065000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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395000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
0 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
26057000 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
33362000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
42000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5000 USD
CY2013Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
246509000 USD
CY2014Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
247417000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
105049000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
103070000 USD
us-gaap Provision For Doubtful Accounts
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2620000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1990000 USD
CY2013Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5748000 USD
CY2014Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4811000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
57026000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
52247000 USD
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95075000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
193516000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
94702000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
191731000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24888000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24396000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24651000 shares
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
89301000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
88469000 USD
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SellingGeneralAndAdministrativeExpense
45554000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
46558000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3005000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3106000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
0 USD
CY2011Q4 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
25000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
31000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
736000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7700000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
400000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
135684000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
138770000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
10.40
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
13.17
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
5923327 shares
CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
5892327 shares
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
89346000 USD
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
89756000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
410000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24661000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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24396000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24661000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24581000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24653000 shares
CY2013Q3 uti Accrued Tool Sets
AccruedToolSets
3971000 USD
CY2014Q1 uti Accrued Tool Sets
AccruedToolSets
3937000 USD
uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
9358000 USD
CY2013Q1 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
4058000 USD
uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
8444000 USD
CY2014Q1 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
3938000 USD
uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
52286000 USD
uti Amortizationofassetssubjecttofinancingobligations
Amortizationofassetssubjecttofinancingobligations
620000 USD
uti Amortizationofassetssubjecttofinancingobligations
Amortizationofassetssubjecttofinancingobligations
0 USD
CY2014Q1 uti Amount Of Loans Committed To Provide
AmountOfLoansCommittedToProvide
97300000 USD
CY2014Q1 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
71510000 USD
CY2013Q3 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
59767000 USD
CY2012Q3 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
42880000 USD
CY2013Q1 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
55602000 USD
CY2012Q4 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
1223000 USD
uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-112000 USD
uti Common Stock Number Of Voting Rights Per Share
CommonStockNumberOfVotingRightsPerShare
1 vote
uti Construction In Progress Financed By Construction Liability
ConstructionInProgressFinancedByConstructionLiability
5868000 USD
CY2012Q4 uti Construction In Progress Financed By Construction Liability
ConstructionInProgressFinancedByConstructionLiability
8326000 USD
uti Constructionliabilityrecognizedasfinancingobligation
Constructionliabilityrecognizedasfinancingobligation
33500000 USD
CY2012Q4 uti Constructionliabilityrecognizedasfinancingobligation
Constructionliabilityrecognizedasfinancingobligation
0 USD
CY2013Q1 uti Educational Services And Facilities
EducationalServicesAndFacilities
50456000 USD
uti Educational Services And Facilities
EducationalServicesAndFacilities
100148000 USD
uti Educational Services And Facilities
EducationalServicesAndFacilities
101763000 USD
CY2014Q1 uti Educational Services And Facilities
EducationalServicesAndFacilities
50652000 USD
CY2014Q1 uti Expiration Period Of Postemployment Benefits Agreements
ExpirationPeriodOfPostemploymentBenefitsAgreements
2015-12
CY2013Q3 uti Held To Maturity Securities Gross Unrecognized Holding Gains
HeldToMaturitySecuritiesGrossUnrecognizedHoldingGains
-28000 USD
CY2014Q1 uti Held To Maturity Securities Gross Unrecognized Holding Gains
HeldToMaturitySecuritiesGrossUnrecognizedHoldingGains
-27000 USD
CY2013Q3 uti Held To Maturity Securities Gross Unrecognized Holding Losses
HeldToMaturitySecuritiesGrossUnrecognizedHoldingLosses
-7000 USD
CY2014Q1 uti Held To Maturity Securities Gross Unrecognized Holding Losses
HeldToMaturitySecuritiesGrossUnrecognizedHoldingLosses
-18000 USD
uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-805000 USD
uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-242000 USD
uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-725000 USD
uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-462000 USD
CY2014Q1 uti Leasefinancingobligationcurrent
Leasefinancingobligationcurrent
546000 USD
CY2013Q3 uti Leasefinancingobligationcurrent
Leasefinancingobligationcurrent
0 USD
CY2013Q3 uti Leasefinancingobligationnoncurrent
Leasefinancingobligationnoncurrent
0 USD
CY2014Q1 uti Leasefinancingobligationnoncurrent
Leasefinancingobligationnoncurrent
32787000 USD
uti Loans Extended During Period Under Our Proprietary Loan Program
LoansExtendedDuringPeriodUnderOurProprietaryLoanProgram
14336000 USD
uti Loans Extended During Period Under Our Proprietary Loan Program
LoansExtendedDuringPeriodUnderOurProprietaryLoanProgram
16125000 USD
CY2014Q1 uti Number Of Campuses
NumberOfCampuses
11 Campus
uti Post Employment Benefits Other Non Cash Settlement
PostEmploymentBenefitsOtherNonCashSettlement
-12000 USD
uti Proprietary Loan Program Interest Accrued During Period
ProprietaryLoanProgramInterestAccruedDuringPeriod
1427000 USD
uti Proprietary Loan Program Interest Accrued During Period
ProprietaryLoanProgramInterestAccruedDuringPeriod
1860000 USD
uti Repaymentsoflongtermleasefinancingobligations
Repaymentsoflongtermleasefinancingobligations
167000 USD
uti Repaymentsoflongtermleasefinancingobligations
Repaymentsoflongtermleasefinancingobligations
0 USD
CY2014Q1 uti Supplemental Retirement Benefits Amount Committed
SupplementalRetirementBenefitsAmountCommitted
0 USD
CY2014Q1 uti Total Depreciationand Amortization
TotalDepreciationandAmortization
4615000 USD
uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-601000 USD
uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-881000 USD
CY2012Q4 uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
950000 USD
uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
1937000 USD
CY2013Q1 uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
1469000 USD
uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
25258000 USD
CY2014Q1 uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
2468000 USD
uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
2456000 USD
uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
4263000 USD
CY2014Q1 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
846000 USD
uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
6568000 USD
uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
1018000 USD
uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
1546000 USD
CY2013Q1 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
568000 USD
CY2014Q1 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
7252000 USD
CY2013Q1 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
6095000 USD
uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
12832000 USD
uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
84112000 USD
uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
14253000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001261654
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
24658261 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
UNIVERSAL TECHNICAL INSTITUTE INC.
dei Trading Symbol
TradingSymbol
UTI

Files In Submission

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0001261654-14-000026-index-headers.html Edgar Link pending
0001261654-14-000026-index.html Edgar Link pending
0001261654-14-000026.txt Edgar Link pending
0001261654-14-000026-xbrl.zip Edgar Link pending
exhibit311q22014.htm Edgar Link pending
exhibit312q22014.htm Edgar Link pending
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exhibit322q22014.htm Edgar Link pending
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report.css Edgar Link pending
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uti-20140331.xml Edgar Link completed
uti-20140331.xsd Edgar Link pending
uti-20140331_cal.xml Edgar Link unprocessable
uti-20140331_def.xml Edgar Link unprocessable
uti-20140331_lab.xml Edgar Link unprocessable
uti-20140331_pre.xml Edgar Link unprocessable
uti-33114x10q.htm Edgar Link pending