$UTI
UNIVERSAL TECHNICAL INSTITUTE INC

2013 Q3 Form 10-K Financial Statement

#000126165414000047 Filed on December 03, 2014

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2013 Q1
Revenue $95.81M $90.96M $95.09M
YoY Change -5.4% -8.67% -10.49%
Cost Of Revenue -$1.900M $23.00M $24.00M
YoY Change -103.51% -56.27% -55.06%
Gross Profit $97.70M $67.90M $71.00M
YoY Change 107.43% 44.47% 34.47%
Gross Profit Margin 101.97% 74.65% 74.67%
Selling, General & Admin $95.20M $41.36M $46.56M
YoY Change 118.85% -6.22% -6.52%
% of Gross Profit 97.44% 60.91% 65.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.240M $5.568M $5.627M
YoY Change -9.03% -3.67% -5.95%
% of Gross Profit 5.36% 8.2% 7.93%
Operating Expenses $96.30M $90.50M $97.01M
YoY Change 114.96% 98.89% -6.02%
Operating Profit $1.430M $473.0K -$1.907M
YoY Change -36.59% -68.84% -163.25%
Interest Expense $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
% of Operating Profit 6.99% 21.14%
Other Income/Expense, Net $200.0K $158.0K $317.0K
YoY Change 0.0% 16.97%
Pretax Income $1.700M $616.0K -$1.622M
YoY Change -32.0% -61.5% -149.36%
Income Tax $800.0K $320.0K -$702.0K
% Of Pretax Income 47.06% 51.95%
Net Earnings $889.0K $337.0K -$901.0K
YoY Change -44.71% -66.73% -146.64%
Net Earnings / Revenue 0.93% 0.37% -0.95%
Basic Earnings Per Share $0.04 $0.01 -$0.04
Diluted Earnings Per Share $0.04 $0.01 -$0.04
COMMON SHARES
Basic Shares Outstanding 24.45M shares 24.42M shares 24.40M shares
Diluted Shares Outstanding 24.58M shares 24.40M shares

Balance Sheet

Concept 2013 Q3 2013 Q2 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.10M $73.30M $79.30M
YoY Change -5.15% -20.41% -22.78%
Cash & Equivalents $34.60M $23.92M $28.54M
Short-Term Investments $57.50M $49.40M $50.80M
Other Short-Term Assets $29.90M $21.80M $22.30M
YoY Change 30.0% 11.22% 17.99%
Inventory
Prepaid Expenses
Receivables $12.14M $10.58M $12.04M
Other Receivables $3.010M $0.00 $0.00
Total Short-Term Assets $134.1M $105.7M $113.6M
YoY Change -0.67% -15.51% -14.54%
LONG-TERM ASSETS
Property, Plant & Equipment $103.1M $101.3M $92.13M
YoY Change 12.11% 12.83% -0.07%
Goodwill $20.58M $20.58M $20.58M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $4.000M $4.000M $15.00M
YoY Change 0.0% -66.39% 5.63%
Other Assets $9.443M $9.158M $8.932M
YoY Change -10.47% -11.09% 17.53%
Total Long-Term Assets $146.1M $154.0M $143.5M
YoY Change 9.22% 16.12% 6.54%
TOTAL ASSETS
Total Short-Term Assets $134.1M $105.7M $113.6M
Total Long-Term Assets $146.1M $154.0M $143.5M
Total Assets $280.2M $259.7M $257.1M
YoY Change 4.25% 0.76% -3.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.76M $4.960M $5.046M
YoY Change 66.84% -23.69% -46.32%
Accrued Expenses $8.613M $7.232M $7.858M
YoY Change 4.44% -80.61% -77.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $92.70M $75.85M $84.33M
YoY Change -6.78% -16.83% -16.34%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.766M $7.607M $8.119M
YoY Change 20.64% -59.96% -57.27%
Total Long-Term Liabilities $8.766M $7.607M $8.119M
YoY Change 20.64% -59.96% -57.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $92.70M $75.85M $84.33M
Total Long-Term Liabilities $8.766M $7.607M $8.119M
Total Liabilities $141.0M $119.3M $115.7M
YoY Change 15.53% 8.14% -3.44%
SHAREHOLDERS EQUITY
Retained Earnings $57.42M $58.62M $60.77M
YoY Change -8.91%
Common Stock $171.1M $171.1M $169.9M
YoY Change 2.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $89.35M $89.30M $89.29M
YoY Change 6.46%
Treasury Stock Shares 5.892M shares 5.888B shares 5.887M shares
Shareholders Equity $139.2M $140.4M $141.4M
YoY Change
Total Liabilities & Shareholders Equity $280.2M $259.7M $257.1M
YoY Change 4.49% 0.76% -3.89%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2013 Q1
OPERATING ACTIVITIES
Net Income $889.0K $337.0K -$901.0K
YoY Change -44.71% -66.73% -146.64%
Depreciation, Depletion And Amortization $5.240M $5.568M $5.627M
YoY Change -9.03% -3.67% -5.95%
Cash From Operating Activities $21.35M -$2.240M $9.210M
YoY Change 130.06% -64.67% -7.9%
INVESTING ACTIVITIES
Capital Expenditures -$2.700M -$2.490M -$1.400M
YoY Change -38.5% -27.41% -30.69%
Acquisitions
YoY Change
Other Investing Activities -$3.460M $2.690M -$7.110M
YoY Change -75.72% -79.0% -352.13%
Cash From Investing Activities -$6.160M $200.0K -$8.510M
YoY Change -66.94% -97.86% -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 -3.450M -2.590M -2.350M
YoY Change -1.43% -6.83% -34.72%
NET CHANGE
Cash From Operating Activities 21.35M -2.240M 9.210M
Cash From Investing Activities -6.160M 200.0K -8.510M
Cash From Financing Activities -3.450M -2.590M -2.350M
Net Change In Cash 11.74M -4.630M -1.650M
YoY Change -191.36% -2029.17% -122.88%
FREE CASH FLOW
Cash From Operating Activities $21.35M -$2.240M $9.210M
Capital Expenditures -$2.700M -$2.490M -$1.400M
Free Cash Flow $24.05M $250.0K $10.61M
YoY Change 75.93% -108.59% -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;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Risk</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, restricted cash, investments and receivables. As of September&#160;30, 2014, we held cash and cash equivalents of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$39.0 million</font><font style="font-family:inherit;font-size:10pt;">, restricted cash of </font><font style="font-family:inherit;font-size:10pt;">$6.5 million</font><font style="font-family:inherit;font-size:10pt;"> and investments of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$57.2 million</font><font style="font-family:inherit;font-size:10pt;"> invested in pre-funded municipal bonds, collateralized by escrowed-to-maturity U.S. treasury notes, certificates of deposit issued by financial institutions and corporate bonds.</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We place our cash and cash equivalents and restricted cash with high quality financial institutions and limit the amount of credit exposure with any one financial institution. We mitigate the concentration risk of our investments by limiting the amount invested in any one issuer. We mitigate the risk associated with our investment in corporate bonds by requiring a minimum credit rating of A.</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We extend credit for tuition and fees, for a limited period of time, to a majority of our students. A substantial portion is repaid through the student&#8217;s participation in federally funded financial aid programs. Transfers of funds from the financial aid programs to us are made in accordance with the U.S. Department of Education (ED) requirements. Approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">66%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">68%</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">75%</font><font style="font-family:inherit;font-size:10pt;"> of our revenues, on a cash basis, were collected from funds distributed under Title IV Programs for the years ended September&#160;30, 2014, 2013 and 2012, respectively. Additionally, approximately </font><font style="font-family:inherit;font-size:10pt;">20%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">18%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">9%</font><font style="font-family:inherit;font-size:10pt;"> of our revenues, on a cash basis, were collected from funds distributed under various veterans benefits programs for the years ended September 30, 2014, 2013 and 2012, respectively. The financial aid and veterans benefits programs are subject to political and budgetary considerations. There is no assurance that such funding will be maintained at current levels. Extensive and complex regulations govern the financial assistance programs in which our students participate. Our administration of these programs is periodically reviewed by various regulatory agencies. Any regulatory violation could be the basis for the initiation of potential adverse actions including a suspension, limitation, placement on reimbursement status or termination proceeding which could have a material adverse effect on our business.</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If any of our institutions were to lose its eligibility to participate in federal student financial aid programs, the students at that institution would lose access to funds derived from those programs and would have to seek alternative sources of funds to pay their tuition and fees. Students obtain access to federal student financial aid through an ED prescribed application and eligibility certification process. Student financial aid funds are generally made available to students at prescribed intervals throughout their predetermined expected length of study. Students typically apply the funds received from the federal financial aid programs to pay their tuition and fees. The transfer of funds is from the financial aid program to the student, who then uses those funds to pay for a portion of the cost of their education. The receipt of financial aid funds reduces the student&#8217;s amounts due to us and has no impact on revenue recognition, as the transfer relates to the source of funding for the costs of education which may occur either through Title IV or other funds and resources available to the student.</font></div></div>
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CY2014Q3 us-gaap Deferred Tax Assets Net Noncurrent
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CY2014Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2014Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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CY2013Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2014Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2014Q3 us-gaap Deferred Tax Assets Valuation Allowance
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CY2013Q3 us-gaap Deferred Tax Assets Valuation Allowance
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CY2013Q3 us-gaap Deferred Tax Liabilities
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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;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;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;">In August 2014, the Financial Accounting Standards Board (FASB) issued guidance regarding management's going concern evaluations. The guidance requires management to evaluate, at each interim and annual reporting period, whether there are conditions or events that raise substantial doubt about the entity&#8217;s ability to continue as a going concern within one year after the date the financial statements are issued, and provide related disclosures. The guidance is effective for annual periods ending after December 15, 2016, and for annual and interim periods thereafter, and early adoption is permitted. We do not expect to early adopt the guidance; accordingly, it will be effective for us starting with our fiscal year beginning October 1, 2016. We do not believe the standard will have a material impact on our financial statement disclosures.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued guidance which outlines a single comprehensive revenue model for entities to use in accounting for revenue arising from contracts with customers. The guidance supersedes most current revenue recognition guidance, including industry-specific guidance, and requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Entities have the option of using either a full retrospective or modified approach to adopt the guidance. This guidance is effective for annual and interim reporting periods beginning after December&#160;15, 2016; early adoption is not permitted. Accordingly, the standard will be effective for us starting with our fiscal year beginning October 1, 2017. We are currently evaluating the adoption methods and the impact that the update will have on our results of operations, financial condition and financial statement disclosures.</font></div></div>
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CY2012 us-gaap Earnings Per Share Diluted
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CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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159000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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85000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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159000 USD
CY2012 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2014Q3 us-gaap Goodwill
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CY2013Q3 us-gaap Goodwill
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CY2013 us-gaap Income Tax Reconciliation Other Reconciling Items
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90000 USD
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CY2014Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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CY2014Q3 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
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CY2014Q3 us-gaap Held To Maturity Securities Fair Value
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CY2014Q3 us-gaap Held To Maturity Securities Noncurrent
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5747000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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15100000 USD
CY2012 us-gaap Income Loss From Equity Method Investments
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CY2014 us-gaap Income Loss From Equity Method Investments
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CY2013 us-gaap Income Tax Expense Benefit
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CY2014 us-gaap Income Tax Expense Benefit
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3710000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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2419000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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2012000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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0 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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828000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
173000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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697000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
504000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
483000 USD
CY2012 us-gaap Income Taxes Paid
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CY2014 us-gaap Income Taxes Paid
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3771000 USD
CY2013 us-gaap Income Taxes Paid
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7467000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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3037000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2014 us-gaap Increase Decrease In Deferred Revenue
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CY2013 us-gaap Increase Decrease In Deferred Revenue
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CY2013 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2012 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2014 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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4053000 USD
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514000 USD
CY2012 us-gaap Increase Decrease In Other Operating Assets
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1227000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
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1222000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
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963000 USD
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
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2078000 USD
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
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1443000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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767000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3520000 USD
CY2014 us-gaap Increase Decrease In Receivables
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2701000 USD
CY2013 us-gaap Increase Decrease In Receivables
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1338000 USD
CY2012 us-gaap Increase Decrease In Receivables
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10235000 USD
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CY2012 us-gaap Increase Decrease In Restricted Cash
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CY2013 us-gaap Increase Decrease In Restricted Cash
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3710000 USD
CY2012 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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CY2013 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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6000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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189000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2014 us-gaap Interest Paid
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CY2013 us-gaap Investment Income Interest
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CY2014 us-gaap Investment Income Interest
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CY2013Q3 us-gaap Liabilities
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CY2014Q3 us-gaap Liabilities And Stockholders Equity
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CY2014Q3 us-gaap Liabilities Current
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CY2014 us-gaap Loan Processing Fee
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CY2012 us-gaap Loan Processing Fee
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1500000 USD
CY2013 us-gaap Loan Processing Fee
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CY2014 us-gaap Nature Of Operations
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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;">Business Description</font></div><div style="line-height:120%;padding-bottom:4px;padding-top:16px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Universal Technical Institute, Inc. (&#8220;UTI&#8221; or, collectively, &#8220;we&#8221;, "us" and &#8220;our&#8221;) provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. We offer undergraduate degree and diploma programs at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">11</font><font style="font-family:inherit;font-size:10pt;"> campuses and advanced training programs that are sponsored by the manufacturer or dealer at certain campuses and dedicated training centers. We work closely with leading original equipment manufacturers 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 various veterans benefits programs. For further discussion, see Concentration of Risk under Note 2 and Note 19 &#8220;Governmental Regulation and Financial Aid&#8221;.</font></div></div>
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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-13465000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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27056000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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18922000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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26727000 USD
CY2012 us-gaap Net Income Loss
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9115000 USD
CY2013 us-gaap Net Income Loss
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3901000 USD
CY2014 us-gaap Net Income Loss
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2037000 USD
CY2013Q3 us-gaap Net Income Loss
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889000 USD
CY2014Q2 us-gaap Net Income Loss
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366000 USD
CY2014Q1 us-gaap Net Income Loss
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CY2013Q2 us-gaap Net Income Loss
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337000 USD
CY2012Q4 us-gaap Net Income Loss
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3576000 USD
CY2013Q1 us-gaap Net Income Loss
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CY2013Q4 us-gaap Net Income Loss
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1707000 USD
CY2014Q3 us-gaap Net Income Loss
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1584000 USD
CY2012 us-gaap Nonoperating Income Expense
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847000 USD
CY2014 us-gaap Nonoperating Income Expense
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CY2013 us-gaap Nonoperating Income Expense
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889000 USD
CY2014 us-gaap Number Of Reporting Units
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2 segment
CY2013 us-gaap Operating Expenses
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374297000 USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
399376000 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
372056000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
14253000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
6025000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
6337000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1430000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1011000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1612000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
473000 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1907000 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
6029000 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
3058000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3880000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
197322000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
29356000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
25390000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
25267000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
25227000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
27887000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
64195000 USD
CY2013 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
28900000 USD
CY2014 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
27900000 USD
CY2014 us-gaap Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
1921000 USD
CY2012 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
28200000 USD
CY2013 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
5422000 USD
CY2012 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
1849000 USD
CY2014 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
1423000 USD
CY2014Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9851000 USD
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9443000 USD
CY2014Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2515000 USD
CY2013Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2191000 USD
CY2014Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9741000 USD
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
8766000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
655000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
563000 USD
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
545000 USD
CY2013Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3010000 USD
CY2014Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3250000 USD
CY2014 us-gaap Payments Of Dividends
PaymentsOfDividends
9875000 USD
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
9820000 USD
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
7425000 USD
CY2012 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1365000 USD
CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1263000 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1639000 USD
CY2013 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
111848000 USD
CY2014 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
61729000 USD
CY2012 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
92503000 USD
CY2014 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 USD
CY2012 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
4000000 USD
CY2013 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11342000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12024000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9352000 USD
CY2014Q3 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
2166000 USD
CY2013Q3 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
1718000 USD
CY2014Q3 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
1300000 USD
CY2014 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
2368000 USD
CY2014Q3 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
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
16509000 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15553000 USD
CY2014 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
CY2013 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
CY2012 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
615000 USD
CY2012 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
54000 USD
CY2013 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2014 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
568000 USD
CY2014 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
0 USD
CY2013 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
525000 USD
CY2012 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
549000 USD
CY2014 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
63892000 USD
CY2013 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
104094000 USD
CY2013Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
246509000 USD
CY2014Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
256169000 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
106927000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
103070000 USD
CY2012 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
90640000 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
42000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4720000 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5730000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3972000 USD
CY2013 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2014 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
613000 USD
CY2013Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
6809000 USD
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
6544000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
57420000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
49582000 USD
CY2014 us-gaap Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Deferred Rent Liability</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We lease substantially all of our administrative and educational facilities under operating lease agreements. Some lease agreements contain tenant improvement allowances, free rent periods or rent escalation clauses. In instances where one or more of these items are included in a lease agreement, we record a deferred rent liability on the consolidated balance sheet and record rent expense evenly over the term of the lease.</font></div></div>
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
413629000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
378393000 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
380322000 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
95811000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
91329000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
94711000 USD
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
98458000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
95091000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
90962000 USD
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
97040000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
95313000 USD
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
187397000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
174757000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
172002000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
5721000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
6224000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
6492000 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
384000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
26.81
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
500000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
499000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
10.50
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
22.41
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
883000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
384000 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.33
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
26.81
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2014Q3 us-gaap Share Price
SharePrice
9.35
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y0M15D
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
0 shares
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y0M15D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y2M12D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
200000 USD
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
0 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
525000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
0 USD
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
550000 USD
CY2011Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
25000000 USD
CY2014 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
120252 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
825252 shares
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1400000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8700000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
139164000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
133192000 USD
CY2011Q3 us-gaap Stockholders Equity
StockholdersEquity
141643000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
146388000 USD
CY2014Q3 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
7900000 USD
CY2014 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
11.79
CY2014Q3 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
CY2014Q3 us-gaap Treasury Stock Value
TreasuryStockValue
90769000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5422000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1423000 USD
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1849000 USD
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions. Such estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates and assumptions, including those related to revenue recognition, our proprietary loan program, allowance for uncollectible accounts, investments, property and equipment, goodwill recoverability, self-insurance claim liabilities, income taxes, contingencies and stock-based compensation. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. The results of our analysis form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions, and the impact of such differences may be material to our consolidated financial statements.</font></div></div>
CY2011Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
110000 USD
CY2014Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
273000 USD
CY2012Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
80000 USD
CY2013Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
224000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
0 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
0 USD
CY2012 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
0 USD
CY2013 us-gaap Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
144000 USD
CY2012 us-gaap Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
-30000 USD
CY2014 us-gaap Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
49000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24920000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24937000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24704000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24711000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24515000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24640000 shares
CY2013Q3 uti Accrued Tool Sets
AccruedToolSets
3971000 USD
CY2014Q3 uti Accrued Tool Sets
AccruedToolSets
3806000 USD
uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
55867000 USD
CY2012 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
9171000 USD
CY2014 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
12025000 USD
CY2013 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
14405000 USD
CY2014Q3 uti Amount Of Loans Committed To Provide
AmountOfLoansCommittedToProvide
107300000 USD
CY2013Q3 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
59767000 USD
CY2014Q3 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
70759000 USD
CY2012Q3 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
42880000 USD
CY2014 uti Capital Lease Obligations Incurredon Buildings During Construction Periods
CapitalLeaseObligationsIncurredonBuildingsDuringConstructionPeriods
4825000 USD
CY2013 uti Capital Lease Obligations Incurredon Buildings During Construction Periods
CapitalLeaseObligationsIncurredonBuildingsDuringConstructionPeriods
0 USD
CY2012 uti Capital Lease Obligations Incurredon Buildings During Construction Periods
CapitalLeaseObligationsIncurredonBuildingsDuringConstructionPeriods
0 USD
CY2013 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-1088000 USD
CY2014 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
820000 USD
CY2012 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
933000 USD
CY2014 uti Common Stock Number Of Voting Rights Per Share
CommonStockNumberOfVotingRightsPerShare
1 vote
CY2013 uti Construction In Progress Financed By Construction Liability
ConstructionInProgressFinancedByConstructionLiability
25211000 USD
CY2014 uti Construction In Progress Financed By Construction Liability
ConstructionInProgressFinancedByConstructionLiability
7120000 USD
CY2012 uti Construction In Progress Financed By Construction Liability
ConstructionInProgressFinancedByConstructionLiability
2421000 USD
CY2013Q3 uti Construction Payable Noncurrent
ConstructionPayableNoncurrent
27632000 USD
CY2014Q3 uti Construction Payable Noncurrent
ConstructionPayableNoncurrent
0 USD
CY2014 uti Deferred Compensation Arrangement Maximum Contribution Per Employee Percentage Of Incentive Compensation
DeferredCompensationArrangementMaximumContributionPerEmployeePercentageOfIncentiveCompensation
1
CY2014 uti Deferred Compensation Arrangement Maximum Contribution Per Employee Percentage Of Regular Compensation
DeferredCompensationArrangementMaximumContributionPerEmployeePercentageOfRegularCompensation
0.75
CY2014 uti Deferred Compensation Arrangement With Individual Maximum Annual Deferrals Of Cash Compensation Per Individual Percent
DeferredCompensationArrangementWithIndividualMaximumAnnualDeferralsOfCashCompensationPerIndividualPercent
1.00
CY2014 uti Deferred Compensation Arrangement With Individual Vesting Period
DeferredCompensationArrangementWithIndividualVestingPeriod
P5Y
CY2014Q3 uti Deferred Tax Assets Related To State Net Operating Loss And Credit Carryforwards
DeferredTaxAssetsRelatedToStateNetOperatingLossAndCreditCarryforwards
500000 USD
CY2013 uti Educational Services And Facilities
EducationalServicesAndFacilities
199540000 USD
CY2012 uti Educational Services And Facilities
EducationalServicesAndFacilities
211979000 USD
CY2014 uti Educational Services And Facilities
EducationalServicesAndFacilities
200054000 USD
CY2014 uti Expiration Period Of Postemployment Benefits Agreements
ExpirationPeriodOfPostemploymentBenefitsAgreements
2015-12
CY2012 uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
97000 USD
CY2013 uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-896000 USD
CY2014 uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-530000 USD
CY2014 uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-1610000 USD
CY2012 uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
1147000 USD
CY2013 uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-1013000 USD
CY2014Q3 uti Liability To Vendor For Vouchers Redeemed By Students
LiabilityToVendorForVouchersRedeemedByStudents
1200000 USD
CY2013Q3 uti Liability To Vendor For Vouchers Redeemed By Students
LiabilityToVendorForVouchersRedeemedByStudents
1100000 USD
CY2014 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.98
CY2012 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.98
CY2013 uti Loans Extended During Period Under Our Proprietary Loan Program
LoansExtendedDuringPeriodUnderOurProprietaryLoanProgram
22004000 USD
CY2014 uti Loans Extended During Period Under Our Proprietary Loan Program
LoansExtendedDuringPeriodUnderOurProprietaryLoanProgram
22174000 USD
CY2014 uti Maximum Maturity Period Of Liquid Investment
MaximumMaturityPeriodOfLiquidInvestment
P90D
CY2014 uti Minimum Balance To Be Maintained In Credits Earned On Purchases
MinimumBalanceToBeMaintainedInCreditsEarnedOnPurchases
1000000 USD
CY2013Q3 uti Net Prepaid Expenses From Excess Of Credits Earned Over Credits Used
NetPrepaidExpensesFromExcessOfCreditsEarnedOverCreditsUsed
5700000 USD
CY2014Q3 uti Net Prepaid Expenses From Excess Of Credits Earned Over Credits Used
NetPrepaidExpensesFromExcessOfCreditsEarnedOverCreditsUsed
6200000 USD
CY2014 uti Number Of Campus Properties Leased From Related Party
NumberOfCampusPropertiesLeasedFromRelatedParty
2 Campus
CY2014Q3 uti Number Of Campuses
NumberOfCampuses
11 Campus
CY2011Q4 uti Number Of Existing Share Repurchase Plan
NumberOfExistingShareRepurchasePlan
2 plan
CY2014Q3 uti Number Of Impacted Employees Due To Reduction In Workforce
NumberOfImpactedEmployeesDueToReductionInWorkforce
50 employees
CY2012 uti Operating Leases Rent Expense Paid To Related Parties
OperatingLeasesRentExpensePaidToRelatedParties
2500000 USD
CY2013 uti Operating Leases Rent Expense Paid To Related Parties
OperatingLeasesRentExpensePaidToRelatedParties
2500000 USD
CY2013 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.98
CY2014Q3 uti Tuition Receivables
TuitionReceivables
12662000 USD
CY2013Q3 uti Tuition Receivables
TuitionReceivables
13276000 USD
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 uti Operating Leases Rent Expense Paid To Related Parties
OperatingLeasesRentExpensePaidToRelatedParties
2300000 USD
CY2014 uti Percentage Of Cash Basis Revenue Collected From Funds Distributed Under Title Iv Programs
PercentageOfCashBasisRevenueCollectedFromFundsDistributedUnderTitleIvPrograms
0.66
CY2013 uti Percentage Of Cash Basis Revenue Collected From Funds Distributed Under Title Iv Programs
PercentageOfCashBasisRevenueCollectedFromFundsDistributedUnderTitleIvPrograms
0.68
CY2012 uti Percentage Of Cash Basis Revenue Collected From Funds Distributed Under Title Iv Programs
PercentageOfCashBasisRevenueCollectedFromFundsDistributedUnderTitleIvPrograms
0.75
CY2013 uti Percentageof Cash Basis Revenue Collectedfrom Funds Distributed Under Veterans Benefits Programs
PercentageofCashBasisRevenueCollectedfromFundsDistributedUnderVeteransBenefitsPrograms
0.18
CY2014 uti Percentageof Cash Basis Revenue Collectedfrom Funds Distributed Under Veterans Benefits Programs
PercentageofCashBasisRevenueCollectedfromFundsDistributedUnderVeteransBenefitsPrograms
0.20
CY2012 uti Percentageof Cash Basis Revenue Collectedfrom Funds Distributed Under Veterans Benefits Programs
PercentageofCashBasisRevenueCollectedfromFundsDistributedUnderVeteransBenefitsPrograms
0.09
CY2014 uti Post Employment Benefits Other Non Cash Settlement Increase Decrease
PostEmploymentBenefitsOtherNonCashSettlementIncreaseDecrease
1000 USD
CY2013 uti Proprietary Loan Program Interest Accrued During Period
ProprietaryLoanProgramInterestAccruedDuringPeriod
3455000 USD
CY2014 uti Proprietary Loan Program Interest Accrued During Period
ProprietaryLoanProgramInterestAccruedDuringPeriod
2835000 USD
CY2013 uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
6295000 USD
uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
31555000 USD
CY2012 uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
6352000 USD
CY2014 uti Sharebased Compensation Liability Noncash
SharebasedCompensationLiabilityNoncash
0 USD
CY2012 uti Sharebased Compensation Liability Noncash
SharebasedCompensationLiabilityNoncash
0 USD
CY2013 uti Sharebased Compensation Liability Noncash
SharebasedCompensationLiabilityNoncash
310000 USD
CY2014 uti Sharebased Compensation Vestingof Awards Classifiedas Liability Instruments Noncash
SharebasedCompensationVestingofAwardsClassifiedasLiabilityInstrumentsNoncash
152000 USD
CY2012 uti Sharebased Compensation Vestingof Awards Classifiedas Liability Instruments Noncash
SharebasedCompensationVestingofAwardsClassifiedasLiabilityInstrumentsNoncash
0 USD
CY2013 uti Sharebased Compensation Vestingof Awards Classifiedas Liability Instruments Noncash
SharebasedCompensationVestingofAwardsClassifiedasLiabilityInstrumentsNoncash
0 USD
CY2014Q3 uti Supplemental Unemployment Benefits Continuation Of Salary And Health Care
SupplementalUnemploymentBenefitsContinuationOfSalaryAndHealthCare
2700000 USD
CY2014 uti Total Depreciationand Amortization
TotalDepreciationandAmortization
20474000 USD
CY2013 uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-1926000 USD
CY2012 uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-1127000 USD
CY2014 uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-1002000 USD
CY2012 uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
1921000 USD
CY2013 uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
1164000 USD
CY2014 uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
2473000 USD
CY2014 uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
10560000 USD
CY2014 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
3457000 USD
CY2013 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
2277000 USD
uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
8479000 USD
CY2012 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
1574000 USD
uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
95901000 USD
CY2014 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
26042000 USD
CY2012 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
17097000 USD
CY2013 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
22977000 USD
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0001261654
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
24825881 shares
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014Q1 dei Entity Public Float
EntityPublicFloat
326470000 USD
CY2014 dei Entity Registrant Name
EntityRegistrantName
UNIVERSAL TECHNICAL INSTITUTE INC.
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 dei Trading Symbol
TradingSymbol
UTI

Files In Submission

Name View Source Status
0001261654-14-000047-index-headers.html Edgar Link pending
0001261654-14-000047-index.html Edgar Link pending
0001261654-14-000047.txt Edgar Link pending
0001261654-14-000047-xbrl.zip Edgar Link pending
a10-k2014.htm Edgar Link pending
consent93014.htm Edgar Link pending
ex211subsidiariesofregistr.htm Edgar Link pending
exhibit31193014.htm Edgar Link pending
exhibit31293014.htm Edgar Link pending
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uti-20140930.xml Edgar Link completed
uti-20140930.xsd Edgar Link pending
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uti-20140930_pre.xml Edgar Link unprocessable