$UTI
UNIVERSAL TECHNICAL INSTITUTE INC

2014 Q3 Form 10-Q Financial Statement

#000126165414000034 Filed on August 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $95.31M $91.33M $90.96M
YoY Change -0.52% 0.4% -8.67%
Cost Of Revenue $23.40M $23.10M $23.00M
YoY Change -1331.58% 0.43% -56.27%
Gross Profit $72.00M $68.20M $67.90M
YoY Change -26.31% 0.44% 44.47%
Gross Profit Margin 75.54% 74.68% 74.65%
Selling, General & Admin $67.50M $41.56M $41.36M
YoY Change -29.1% 0.48% -6.22%
% of Gross Profit 93.75% 60.93% 60.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.460M $4.600M $5.568M
YoY Change -14.89% -17.39% -3.67%
% of Gross Profit 6.19% 6.74% 8.2%
Operating Expenses $68.20M $90.32M $90.50M
YoY Change -29.18% -0.2% 98.89%
Operating Profit $3.880M $1.011M $473.0K
YoY Change 171.33% 113.74% -68.84%
Interest Expense -$400.0K -$400.0K $100.0K
YoY Change -500.0% -500.0% 0.0%
% of Operating Profit -10.31% -39.56% 21.14%
Other Income/Expense, Net $0.00 -$166.0K $158.0K
YoY Change -100.0% -205.06%
Pretax Income $3.400M $845.0K $616.0K
YoY Change 100.0% 37.18% -61.5%
Income Tax $1.900M $479.0K $320.0K
% Of Pretax Income 55.88% 56.69% 51.95%
Net Earnings $1.584M $366.0K $337.0K
YoY Change 78.18% 8.61% -66.73%
Net Earnings / Revenue 1.66% 0.4% 0.37%
Basic Earnings Per Share $0.06 $0.01 $0.01
Diluted Earnings Per Share $0.06 $0.01 $0.01
COMMON SHARES
Basic Shares Outstanding 24.59M shares 24.62M shares 24.42M shares
Diluted Shares Outstanding 24.92M shares 24.58M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.90M $73.30M $73.30M
YoY Change -7.82% 0.0% -20.41%
Cash & Equivalents $38.99M $24.45M $23.92M
Short-Term Investments $45.90M $48.10M $49.40M
Other Short-Term Assets $30.50M $26.30M $21.80M
YoY Change 2.01% 20.64% 11.22%
Inventory
Prepaid Expenses
Receivables $12.12M $7.750M $10.58M
Other Receivables $3.250M $0.00 $0.00
Total Short-Term Assets $127.5M $107.3M $105.7M
YoY Change -4.88% 1.57% -15.51%
LONG-TERM ASSETS
Property, Plant & Equipment $106.9M $107.1M $101.3M
YoY Change 3.74% 5.69% 12.83%
Goodwill $20.58M $20.58M $20.58M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $3.903M $4.105M $4.000M
YoY Change -2.43% 2.63% -66.39%
Other Assets $9.851M $9.984M $9.158M
YoY Change 4.32% 9.02% -11.09%
Total Long-Term Assets $160.5M $167.3M $154.0M
YoY Change 9.87% 8.67% 16.12%
TOTAL ASSETS
Total Short-Term Assets $127.5M $107.3M $105.7M
Total Long-Term Assets $160.5M $167.3M $154.0M
Total Assets $288.1M $274.7M $259.7M
YoY Change 2.81% 5.78% 0.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.99M $9.625M $4.960M
YoY Change -5.58% 94.05% -23.69%
Accrued Expenses $7.874M $7.252M $7.232M
YoY Change -8.58% 0.28% -80.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.200M $5.300M
YoY Change
Total Short-Term Liabilities $102.3M $87.68M $75.85M
YoY Change 10.39% 15.6% -16.83%
LONG-TERM LIABILITIES
Long-Term Debt $32.50M $32.60M $0.00
YoY Change
Other Long-Term Liabilities $9.741M $9.953M $7.607M
YoY Change 11.12% 30.84% -59.96%
Total Long-Term Liabilities $9.741M $9.953M $7.607M
YoY Change 11.12% 30.84% -59.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $102.3M $87.68M $75.85M
Total Long-Term Liabilities $9.741M $9.953M $7.607M
Total Liabilities $154.9M $141.1M $119.3M
YoY Change 9.82% 18.25% 8.14%
SHAREHOLDERS EQUITY
Retained Earnings $49.58M $50.16M $58.62M
YoY Change -13.65% -14.43%
Common Stock $174.4M $174.2M $171.1M
YoY Change 1.92% 1.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $90.77M $90.77M $89.30M
YoY Change 1.59% 1.65%
Treasury Stock Shares 6.013M shares 6.013M shares 5.888B shares
Shareholders Equity $133.2M $133.6M $140.4M
YoY Change
Total Liabilities & Shareholders Equity $288.1M $274.7M $259.7M
YoY Change 2.81% 5.78% 0.76%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $1.584M $366.0K $337.0K
YoY Change 78.18% 8.61% -66.73%
Depreciation, Depletion And Amortization $4.460M $4.600M $5.568M
YoY Change -14.89% -17.39% -3.67%
Cash From Operating Activities $17.22M -$6.310M -$2.240M
YoY Change -19.34% 181.7% -64.67%
INVESTING ACTIVITIES
Capital Expenditures -$4.230M -$2.300M -$2.490M
YoY Change 56.67% -7.63% -27.41%
Acquisitions
YoY Change
Other Investing Activities $5.610M $3.340M $2.690M
YoY Change -262.14% 24.16% -79.0%
Cash From Investing Activities $1.380M $1.030M $200.0K
YoY Change -122.4% 415.0% -97.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.060M -3.850M -2.590M
YoY Change 17.68% 48.65% -6.83%
NET CHANGE
Cash From Operating Activities 17.22M -6.310M -2.240M
Cash From Investing Activities 1.380M 1.030M 200.0K
Cash From Financing Activities -4.060M -3.850M -2.590M
Net Change In Cash 14.54M -9.130M -4.630M
YoY Change 23.85% 97.19% -2029.17%
FREE CASH FLOW
Cash From Operating Activities $17.22M -$6.310M -$2.240M
Capital Expenditures -$4.230M -$2.300M -$2.490M
Free Cash Flow $21.45M -$4.010M $250.0K
YoY Change -10.81% -1704.0% -108.59%

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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>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12532000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9405000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14595000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10579000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9456000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5378000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
370000 USD
us-gaap Net Income Loss
NetIncomeLoss
525000 USD
us-gaap Net Income Loss
NetIncomeLoss
2938000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
296000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-202000 USD
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
158000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-166000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
641000 USD
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
90496000 USD
us-gaap Operating Expenses
OperatingExpenses
280475000 USD
us-gaap Operating Expenses
OperatingExpenses
279945000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
90243000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
2572000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1073000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
458000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
4525000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5093000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
291000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
291000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
291000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
297000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
3832000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
91000 USD
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9444000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9984000 USD
CY2014Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2470000 USD
CY2013Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2192000 USD
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
8768000 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9953000 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
97000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
193000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
461000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
572000 USD
us-gaap Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
1315000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
5373000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
1423000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
7393000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
7356000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
198000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
237000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
46333000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
60138000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6646000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7787000 USD
CY2013Q3 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
1716000 USD
CY2014Q2 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
1663000 USD
us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
1189000 USD
CY2014Q2 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
CY2013Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
17604000 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15553000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
238000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
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
51135000 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
40243000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
54000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
40000 USD
CY2014Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
252063000 USD
CY2013Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
246509000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
107095000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
103070000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3679000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2891000 USD
CY2013Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5748000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2737000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
50158000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
57026000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
283047000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
284470000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
90954000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
91316000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
130030000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
130657000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
41561000 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
41356000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4322000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4436000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
0 USD
CY2011Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
25000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
120252 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
825252 shares
CY2014Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
89252 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8700000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1400000 USD
CY2014Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1000000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
138770000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
133619000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
10.50
CY2014Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
11.31
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
11.79
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
6012579 shares
CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
5892327 shares
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
89346000 USD
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
90769000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1423000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24918000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24580000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24620000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24905000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24527000 shares
uti Expiration Period Of Postemployment Benefits Agreements
ExpirationPeriodOfPostemploymentBenefitsAgreements
2015-12
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24641000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24420000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24618000 shares
CY2013Q3 uti Accrued Tool Sets
AccruedToolSets
3971000 USD
CY2014Q2 uti Accrued Tool Sets
AccruedToolSets
4062000 USD
CY2014Q2 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
3165000 USD
uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
12347000 USD
uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
55451000 USD
uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
11609000 USD
CY2013Q2 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
2989000 USD
uti Amortizationofassetssubjecttofinancingobligations
Amortizationofassetssubjecttofinancingobligations
1086000 USD
uti Amortizationofassetssubjecttofinancingobligations
Amortizationofassetssubjecttofinancingobligations
0 USD
CY2014Q2 uti Amount Of Loans Committed To Provide
AmountOfLoansCommittedToProvide
100000000 USD
CY2014Q2 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
71358000 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
CY2013Q2 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
55775000 USD
uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
1682000 USD
uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-305000 USD
uti Common Stock Number Of Voting Rights Per Share
CommonStockNumberOfVotingRightsPerShare
1 vote
uti Construction In Progress Financed By Construction Liability
ConstructionInProgressFinancedByConstructionLiability
21326000 USD
uti Construction In Progress Financed By Construction Liability
ConstructionInProgressFinancedByConstructionLiability
5868000 USD
uti Constructionliabilityrecognizedasfinancingobligation
Constructionliabilityrecognizedasfinancingobligation
0 USD
uti Constructionliabilityrecognizedasfinancingobligation
Constructionliabilityrecognizedasfinancingobligation
33500000 USD
uti Constructionperiodfinancingobligationbuilding
Constructionperiodfinancingobligationbuilding
0 USD
uti Constructionperiodfinancingobligationbuilding
Constructionperiodfinancingobligationbuilding
4825000 USD
uti Educational Services And Facilities
EducationalServicesAndFacilities
149288000 USD
CY2014Q2 uti Educational Services And Facilities
EducationalServicesAndFacilities
48682000 USD
uti Educational Services And Facilities
EducationalServicesAndFacilities
150445000 USD
CY2013Q2 uti Educational Services And Facilities
EducationalServicesAndFacilities
49140000 USD
CY2014Q2 uti Financingobligationonbuildingrecordedduringconstructionperiod
Financingobligationonbuildingrecordedduringconstructionperiod
4504000 USD
CY2014Q2 uti Held To Maturity Securities Gross Unrecognized Holding Gains
HeldToMaturitySecuritiesGrossUnrecognizedHoldingGains
-32000 USD
CY2013Q3 uti Held To Maturity Securities Gross Unrecognized Holding Gains
HeldToMaturitySecuritiesGrossUnrecognizedHoldingGains
-28000 USD
CY2014Q2 uti Held To Maturity Securities Gross Unrecognized Holding Losses
HeldToMaturitySecuritiesGrossUnrecognizedHoldingLosses
-19000 USD
CY2013Q3 uti Held To Maturity Securities Gross Unrecognized Holding Losses
HeldToMaturitySecuritiesGrossUnrecognizedHoldingLosses
-7000 USD
CY2014Q2 uti Imputed Accrued Land Lease Obligation
ImputedAccruedLandLeaseObligation
360000 USD
uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-917000 USD
uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-662000 USD
uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-866000 USD
uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-1148000 USD
CY2014Q2 uti Lease Financing Obligation Future Minimum Payments Present Value Of Net Minimum Payments
LeaseFinancingObligationFutureMinimumPaymentsPresentValueOfNetMinimumPayments
37966000 USD
CY2014Q2 uti Lease Financing Obligations Future Minimum Payments Due
LeaseFinancingObligationsFutureMinimumPaymentsDue
59509000 USD
CY2014Q2 uti Lease Financing Obligations Future Minimum Payments Due In Four Years
LeaseFinancingObligationsFutureMinimumPaymentsDueInFourYears
2971000 USD
CY2014Q2 uti Lease Financing Obligations Future Minimum Payments Due In Three Years
LeaseFinancingObligationsFutureMinimumPaymentsDueInThreeYears
2907000 USD
CY2014Q2 uti Lease Financing Obligations Future Minimum Payments Due In Two Years
LeaseFinancingObligationsFutureMinimumPaymentsDueInTwoYears
2928000 USD
CY2014Q2 uti Lease Financing Obligations Future Minimum Payments Due Thereafter
LeaseFinancingObligationsFutureMinimumPaymentsDueThereafter
46719000 USD
CY2014Q2 uti Lease Financing Obligations Future Minimum Payments Interest Included In Payments
LeaseFinancingObligationsFutureMinimumPaymentsInterestIncludedInPayments
25687000 USD
CY2014Q2 uti Lease Financing Obligations Future Minimum Payments Remainder Of Fiscal Year
LeaseFinancingObligationsFutureMinimumPaymentsRemainderOfFiscalYear
947000 USD
CY2014Q2 uti Leasefinancingobligationcurrent
Leasefinancingobligationcurrent
5332000 USD
CY2013Q3 uti Leasefinancingobligationcurrent
Leasefinancingobligationcurrent
0 USD
CY2013Q3 uti Leasefinancingobligationnoncurrent
Leasefinancingobligationnoncurrent
0 USD
CY2014Q2 uti Leasefinancingobligationnoncurrent
Leasefinancingobligationnoncurrent
32634000 USD
uti Loans Extended During Period Under Our Proprietary Loan Program
LoansExtendedDuringPeriodUnderOurProprietaryLoanProgram
18390000 USD
uti Loans Extended During Period Under Our Proprietary Loan Program
LoansExtendedDuringPeriodUnderOurProprietaryLoanProgram
15930000 USD
CY2014Q2 uti Number Of Campuses
NumberOfCampuses
11 Campus
uti Post Employment Benefits Other Non Cash Settlement
PostEmploymentBenefitsOtherNonCashSettlement
73000 USD
uti Proprietary Loan Program Interest Accrued During Period
ProprietaryLoanProgramInterestAccruedDuringPeriod
2134000 USD
uti Proprietary Loan Program Interest Accrued During Period
ProprietaryLoanProgramInterestAccruedDuringPeriod
2686000 USD
uti Repaymentsoflongtermleasefinancingobligations
Repaymentsoflongtermleasefinancingobligations
0 USD
uti Repaymentsoflongtermleasefinancingobligations
Repaymentsoflongtermleasefinancingobligations
359000 USD
uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
1619000 USD
CY2014Q2 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
951000 USD
CY2014Q2 uti Supplemental Retirement Benefits Amount Committed
SupplementalRetirementBenefitsAmountCommitted
0 USD
CY2013Q2 uti Total Depreciationand Amortization
TotalDepreciationandAmortization
5568000 USD
CY2014Q2 uti Total Depreciationand Amortization
TotalDepreciationandAmortization
5066000 USD
uti Total Depreciationand Amortization
TotalDepreciationandAmortization
15547000 USD
uti Total Depreciationand Amortization
TotalDepreciationandAmortization
16917000 USD
uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-1348000 USD
uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-892000 USD
uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
2107000 USD
uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
1006000 USD
CY2013Q2 uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
1646000 USD
uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
6436000 USD
uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
27431000 USD
uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
4102000 USD
CY2014Q2 uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
2173000 USD
uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
7519000 USD
uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
2497000 USD
CY2013Q2 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
601000 USD
CY2013Q2 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
5236000 USD
CY2014Q2 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
6289000 USD
uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
18068000 USD
uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
20542000 USD
uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
90401000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001261654
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
24592169 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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