2015 Form 10-K Financial Statement

#000126165415000042 Filed on December 02, 2015

View on sec.gov

Income Statement

Concept 2015 2014 Q3 2014 Q2
Revenue $362.7M $95.31M $91.33M
YoY Change -4.15% -0.52% 0.4%
Cost Of Revenue $91.50M $23.40M $23.10M
YoY Change -3.58% -1331.58% 0.43%
Gross Profit $271.2M $72.00M $68.20M
YoY Change -4.34% -26.31% 0.44%
Gross Profit Margin 74.78% 75.54% 74.68%
Selling, General & Admin $165.1M $67.50M $41.56M
YoY Change -4.0% -29.1% 0.48%
% of Gross Profit 60.89% 93.75% 60.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.29M $4.460M $4.600M
YoY Change -8.61% -14.89% -17.39%
% of Gross Profit 6.38% 6.19% 6.74%
Operating Expenses $371.9M $68.20M $90.32M
YoY Change -0.04% -29.18% -0.2%
Operating Profit -$9.223M $3.880M $1.011M
YoY Change -245.54% 171.33% 113.74%
Interest Expense $2.340M -$400.0K -$400.0K
YoY Change 26.69% -500.0% -500.0%
% of Operating Profit -10.31% -39.56%
Other Income/Expense, Net -$1.458M $0.00 -$166.0K
YoY Change 147.12% -100.0% -205.06%
Pretax Income -$10.68M $3.400M $845.0K
YoY Change -285.85% 100.0% 37.18%
Income Tax -$1.532M $1.900M $479.0K
% Of Pretax Income 55.88% 56.69%
Net Earnings -$9.149M $1.584M $366.0K
YoY Change -549.14% 78.18% 8.61%
Net Earnings / Revenue -2.52% 1.66% 0.4%
Basic Earnings Per Share -$0.38 $0.06 $0.01
Diluted Earnings Per Share -$0.38 $0.06 $0.01
COMMON SHARES
Basic Shares Outstanding 24.39M shares 24.59M shares 24.62M shares
Diluted Shares Outstanding 24.39M shares 24.92M shares

Balance Sheet

Concept 2015 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $57.50M $84.90M $73.30M
YoY Change -32.27% -7.82% 0.0%
Cash & Equivalents $29.40M $38.99M $24.45M
Short-Term Investments $28.10M $45.90M $48.10M
Other Short-Term Assets $28.20M $30.50M $26.30M
YoY Change -7.54% 2.01% 20.64%
Inventory
Prepaid Expenses
Receivables $16.70M $12.12M $7.750M
Other Receivables $5.700M $3.250M $0.00
Total Short-Term Assets $108.1M $127.5M $107.3M
YoY Change -15.22% -4.88% 1.57%
LONG-TERM ASSETS
Property, Plant & Equipment $124.1M $106.9M $107.1M
YoY Change 16.09% 3.74% 5.69%
Goodwill $20.58M $20.58M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $1.700M $3.903M $4.105M
YoY Change -84.96% -2.43% 2.63%
Other Assets $32.20M $9.851M $9.984M
YoY Change 47.71% 4.32% 9.02%
Total Long-Term Assets $166.2M $160.5M $167.3M
YoY Change 3.49% 9.87% 8.67%
TOTAL ASSETS
Total Short-Term Assets $108.1M $127.5M $107.3M
Total Long-Term Assets $166.2M $160.5M $167.3M
Total Assets $274.3M $288.1M $274.7M
YoY Change -4.79% 2.81% 5.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.50M $12.99M $9.625M
YoY Change 11.54% -5.58% 94.05%
Accrued Expenses $31.70M $7.874M $7.252M
YoY Change 7.09% -8.58% 0.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $700.0K $5.200M $5.300M
YoY Change -86.54%
Total Short-Term Liabilities $96.50M $102.3M $87.68M
YoY Change -5.67% 10.39% 15.6%
LONG-TERM LIABILITIES
Long-Term Debt $44.10M $32.50M $32.60M
YoY Change 35.69%
Other Long-Term Liabilities $20.30M $9.741M $9.953M
YoY Change 1.0% 11.12% 30.84%
Total Long-Term Liabilities $64.40M $9.741M $9.953M
YoY Change 22.43% 11.12% 30.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.50M $102.3M $87.68M
Total Long-Term Liabilities $64.40M $9.741M $9.953M
Total Liabilities $160.8M $154.9M $141.1M
YoY Change 3.81% 9.82% 18.25%
SHAREHOLDERS EQUITY
Retained Earnings $49.58M $50.16M
YoY Change -13.65% -14.43%
Common Stock $174.4M $174.2M
YoY Change 1.92% 1.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $90.77M $90.77M
YoY Change 1.59% 1.65%
Treasury Stock Shares 6.013M shares 6.013M shares
Shareholders Equity $113.5M $133.2M $133.6M
YoY Change
Total Liabilities & Shareholders Equity $274.3M $288.1M $274.7M
YoY Change -4.79% 2.81% 5.78%

Cashflow Statement

Concept 2015 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income -$9.149M $1.584M $366.0K
YoY Change -549.14% 78.18% 8.61%
Depreciation, Depletion And Amortization $17.29M $4.460M $4.600M
YoY Change -8.61% -14.89% -17.39%
Cash From Operating Activities $8.242M $17.22M -$6.310M
YoY Change -69.54% -19.34% 181.7%
INVESTING ACTIVITIES
Capital Expenditures $29.03M -$4.230M -$2.300M
YoY Change 141.43% 56.67% -7.63%
Acquisitions
YoY Change
Other Investing Activities $26.81M $5.610M $3.340M
YoY Change 850.71% -262.14% 24.16%
Cash From Investing Activities -$2.678M $1.380M $1.030M
YoY Change -70.9% -122.4% 415.0%
FINANCING ACTIVITIES
Cash Dividend Paid $7.310M
YoY Change -25.97%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$15.11M -4.060M -3.850M
YoY Change 12.22% 17.68% 48.65%
NET CHANGE
Cash From Operating Activities $8.242M 17.22M -6.310M
Cash From Investing Activities -$2.678M 1.380M 1.030M
Cash From Financing Activities -$15.11M -4.060M -3.850M
Net Change In Cash -$9.547M 14.54M -9.130M
YoY Change -317.52% 23.85% 97.19%
FREE CASH FLOW
Cash From Operating Activities $8.242M $17.22M -$6.310M
Capital Expenditures $29.03M -$4.230M -$2.300M
Free Cash Flow -$20.79M $21.45M -$4.010M
YoY Change -238.29% -10.81% -1704.0%

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CY2014Q3 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
8026000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
3140000 USD
CY2014Q3 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1364000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1828000 USD
CY2014Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2536000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
421000 USD
CY2013 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1200000 USD
CY2014 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1100000 USD
CY2015 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
200000 USD
CY2013 us-gaap Depreciation
Depreciation
18400000 USD
CY2014 us-gaap Depreciation
Depreciation
17700000 USD
CY2015 us-gaap Depreciation
Depreciation
16500000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22156000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18923000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17294000 USD
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9820000 USD
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9875000 USD
CY2015 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
7795000 USD
CY2015Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0.02 USD
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.41
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.38
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.41
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.38
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
17963000 USD
CY2015Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
17534000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2427000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2288000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1629000 USD
CY2013Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.28
CY2014Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.27972
CY2015Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.27972
CY2012Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4000000 USD
CY2013Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4000000 USD
CY2014Q3 us-gaap Equity Method Investments
EquityMethodInvestments
3903000 USD
CY2015Q3 us-gaap Equity Method Investments
EquityMethodInvestments
3986000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
85000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
85000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-184000 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-402000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-24000 USD
CY2013Q3 us-gaap Goodwill
Goodwill
20579000 USD
CY2014Q3 us-gaap Goodwill
Goodwill
20579000 USD
CY2015Q3 us-gaap Goodwill
Goodwill
8222000 USD
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2014Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
12400000 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
12357000 USD
CY2015Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
29800000 USD
CY2014Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
-28000 USD
CY2015Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
-17000 USD
CY2014Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
-37000 USD
CY2015Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
-11000 USD
CY2014Q3 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
57163000 USD
CY2015Q3 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
29805000 USD
CY2014Q3 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
45906000 USD
CY2015Q3 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
28086000 USD
CY2014Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
57154000 USD
CY2015Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
29811000 USD
CY2014Q3 us-gaap Held To Maturity Securities Noncurrent
HeldToMaturitySecuritiesNoncurrent
11257000 USD
CY2015Q3 us-gaap Held To Maturity Securities Noncurrent
HeldToMaturitySecuritiesNoncurrent
1719000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6914000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5747000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-10681000 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
471000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
527000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3013000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3710000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1532000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2419000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2012000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3738000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
828000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
1572000 USD
CY2013 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
90000 USD
CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
173000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
241000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
504000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
697000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
393000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
7467000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
3771000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
7010000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-700000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1859000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2705000 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-5649000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-660000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1672000 USD
CY2013 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-659000 USD
CY2014 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
4053000 USD
CY2015 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-3149000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1222000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
514000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
677000 USD
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1443000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
963000 USD
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-490000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1487000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
767000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1065000 USD
CY2013 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1338000 USD
CY2014 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2701000 USD
CY2015 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
11443000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
3710000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-49000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-607000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
6000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-230000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-60000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
189000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
280000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2014Q3 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
0 USD
CY2015Q3 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
485000 USD
CY2013 us-gaap Interest Expense
InterestExpense
1000 USD
CY2014 us-gaap Interest Expense
InterestExpense
1847000 USD
CY2015 us-gaap Interest Expense
InterestExpense
2340000 USD
CY2013 us-gaap Interest Paid
InterestPaid
1000 USD
CY2014 us-gaap Interest Paid
InterestPaid
1967000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
274302000 USD
CY2015 us-gaap Interest Paid
InterestPaid
2340000 USD
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
235000 USD
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
223000 USD
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
215000 USD
CY2014Q3 us-gaap Liabilities
Liabilities
154877000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
160827000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
288069000 USD
CY2014Q3 us-gaap Liabilities Current
LiabilitiesCurrent
102335000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
96494000 USD
CY2013 us-gaap Loan Processing Fee
LoanProcessingFee
2000000 USD
CY2014 us-gaap Loan Processing Fee
LoanProcessingFee
1500000 USD
CY2015 us-gaap Loan Processing Fee
LoanProcessingFee
1400000 USD
CY2015Q3 us-gaap Loss Contingency Damages Sought
LossContingencyDamagesSought
1.4
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15980000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13465000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15111000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20762000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9202000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2678000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26727000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
27056000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8242000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
3901000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
1707000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-1620000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
366000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
1584000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
2037000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
3094000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
555000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-2975000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-9823000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-9149000 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
889000 USD
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-590000 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1458000 USD
CY2015 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 segment
CY2013 us-gaap Operating Expenses
OperatingExpenses
374297000 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
372056000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
371897000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
6025000 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
3058000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1612000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1011000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3880000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
6337000 USD
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
5600000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2402000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3996000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-13229000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-9223000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
176913000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
27580000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
1463000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
22325000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
26585000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
27019000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
27132000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
46272000 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
CY2015 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
28000000 USD
CY2014Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9851000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11912000 USD
CY2014Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2515000 USD
CY2015Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3148000 USD
CY2014Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9741000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9458000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
655000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
563000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
140000 USD
CY2014Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3250000 USD
CY2015Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
5712000 USD
CY2015 us-gaap Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
3052000 USD
CY2013 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
5422000 USD
CY2014 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
1423000 USD
CY2015 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
6619000 USD
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
9820000 USD
CY2014 us-gaap Payments Of Dividends
PaymentsOfDividends
9875000 USD
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
7310000 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
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
519000 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
CY2015 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
26061000 USD
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2014 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2015 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
453000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9352000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12024000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
29030000 USD
CY2014Q3 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
2166000 USD
CY2015Q3 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
545000 USD
CY2014Q3 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
1200000 USD
CY2015 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
1770000 USD
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
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3000 USD
CY2014Q3 us-gaap Property Plant And Equipment Gross
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256169000 USD
CY2015Q3 us-gaap Property Plant And Equipment Gross
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284390000 USD
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2015Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q3 us-gaap Preferred Stock Value
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0 USD
CY2014Q3 us-gaap Prepaid Expense And Other Assets Current
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16509000 USD
CY2015Q3 us-gaap Prepaid Expense And Other Assets Current
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17761000 USD
CY2013 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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0 USD
CY2014 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
568000 USD
CY2015 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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464000 USD
CY2013 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
525000 USD
CY2014 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
0 USD
CY2015 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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0 USD
CY2013 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
104094000 USD
CY2014 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
63892000 USD
CY2013 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
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
663000 USD
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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6544000 USD
CY2015 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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51792000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
54000 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
42000 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
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106927000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
124144000 USD
CY2013 us-gaap Provision For Doubtful Accounts
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4720000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3972000 USD
CY2015 us-gaap Provision For Doubtful Accounts
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1589000 USD
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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5824000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
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49582000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
32638000 USD
CY2013 us-gaap Sales Revenue Net
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380322000 USD
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
97040000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
94711000 USD
CY2014Q2 us-gaap Sales Revenue Net
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91329000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
95313000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
378393000 USD
CY2014Q4 us-gaap Sales Revenue Net
SalesRevenueNet
95680000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
91235000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
85106000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
90653000 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
362674000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
174757000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
172002000 USD
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
165124000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
6224000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
5721000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
4265000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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525000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
0 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
0 USD
CY2011Q4 us-gaap Stock Repurchase Program Authorized Amount1
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25000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1677570 shares
CY2015 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
852318 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
15300000 USD
CY2015 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6600000 USD
CY2012Q3 us-gaap Stockholders Equity
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146388000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
139164000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
133192000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
113475000 USD
CY2015Q3 us-gaap Supplemental Unemployment Benefits Severance Benefits
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9700000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
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9.09
CY2015 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
7.73
CY2014Q3 us-gaap Treasury Stock Shares
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6012579 shares
CY2012Q3 us-gaap Valuation Allowances And Reserves Balance
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80000 USD
CY2013Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
224000 USD
CY2014Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
273000 USD
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
6012579 shares
CY2014Q3 us-gaap Treasury Stock Value
TreasuryStockValue
90769000 USD
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
97388000 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
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
6619000 USD
CY2015Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
401000 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
CY2015 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
CY2014 us-gaap Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
49000 USD
CY2015 us-gaap Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
128000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24704000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24920000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24391000 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
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24391000 shares
CY2014Q3 uti Accrued Tool Sets
AccruedToolSets
3806000 USD
CY2015Q3 uti Accrued Tool Sets
AccruedToolSets
3624000 USD
uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
106174000 USD
CY2013 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
20700000 USD
CY2014 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
22585000 USD
CY2015 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
18752000 USD
CY2015Q3 uti Amount Of Loans Committed To Provide
AmountOfLoansCommittedToProvide
123900000 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
CY2015Q3 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
74664000 USD
CY2013 uti Capital Lease Obligations Incurredon Buildings During Construction Periods
CapitalLeaseObligationsIncurredonBuildingsDuringConstructionPeriods
0 USD
CY2014 uti Capital Lease Obligations Incurredon Buildings During Construction Periods
CapitalLeaseObligationsIncurredonBuildingsDuringConstructionPeriods
4825000 USD
CY2015 uti Capital Lease Obligations Incurredon Buildings During Construction Periods
CapitalLeaseObligationsIncurredonBuildingsDuringConstructionPeriods
-4825000 USD
CY2013 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-1088000 USD
CY2014 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
820000 USD
CY2015 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
435000 USD
CY2015 uti Common Stock Number Of Voting Rights Per Share
CommonStockNumberOfVotingRightsPerShare
1
CY2013 uti Construction In Progress Financed By Construction Liability
ConstructionInProgressFinancedByConstructionLiability
25211000 USD
CY2014 uti Construction In Progress Financed By Construction Liability
ConstructionInProgressFinancedByConstructionLiability
7120000 USD
CY2015 uti Construction In Progress Financed By Construction Liability
ConstructionInProgressFinancedByConstructionLiability
0 USD
CY2015 uti Deferred Compensation Arrangement Maximum Contribution Per Employee Percentage Of Incentive Compensation
DeferredCompensationArrangementMaximumContributionPerEmployeePercentageOfIncentiveCompensation
1
CY2015 uti Deferred Compensation Arrangement Maximum Contribution Per Employee Percentage Of Regular Compensation
DeferredCompensationArrangementMaximumContributionPerEmployeePercentageOfRegularCompensation
0.75
CY2015 uti Deferred Compensation Arrangement With Individual Maximum Annual Deferrals Of Cash Compensation Per Individual Percent
DeferredCompensationArrangementWithIndividualMaximumAnnualDeferralsOfCashCompensationPerIndividualPercent
1.00
CY2015 uti Deferred Compensation Arrangement With Individual Vesting Period
DeferredCompensationArrangementWithIndividualVestingPeriod
P5Y
CY2015Q3 uti Deferred Tax Assets Related To State Net Operating Loss And Credit Carryforwards
DeferredTaxAssetsRelatedToStateNetOperatingLossAndCreditCarryforwards
400000 USD
CY2014Q3 uti Deferred Tax Assets Tax Deferred Expense Accruedtoolsets
DeferredTaxAssetsTaxDeferredExpenseAccruedtoolsets
1548000 USD
CY2015Q3 uti Deferred Tax Assets Tax Deferred Expense Accruedtoolsets
DeferredTaxAssetsTaxDeferredExpenseAccruedtoolsets
1460000 USD
CY2012Q4 uti Depreciationoftrainingequipmentobtainedinexchangeforservices
Depreciationoftrainingequipmentobtainedinexchangeforservices
1095000 USD
CY2013 uti Depreciationoftrainingequipmentobtainedinexchangeforservices
Depreciationoftrainingequipmentobtainedinexchangeforservices
1095000 USD
CY2013Q4 uti Depreciationoftrainingequipmentobtainedinexchangeforservices
Depreciationoftrainingequipmentobtainedinexchangeforservices
1215000 USD
CY2014 uti Depreciationoftrainingequipmentobtainedinexchangeforservices
Depreciationoftrainingequipmentobtainedinexchangeforservices
1215000 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
CY2015 uti Depreciationoftrainingequipmentobtainedinexchangeforservices
Depreciationoftrainingequipmentobtainedinexchangeforservices
1168000 USD
CY2013 uti Educational Services And Facilities
EducationalServicesAndFacilities
199540000 USD
CY2014 uti Educational Services And Facilities
EducationalServicesAndFacilities
200054000 USD
CY2015 uti Educational Services And Facilities
EducationalServicesAndFacilities
194416000 USD
CY2014 uti Equityinterestininvesteesunrealizedgainsonhedgingderivativesnetoftaxes
Equityinterestininvesteesunrealizedgainsonhedgingderivativesnetoftaxes
0 USD
CY2015 uti Equityinterestininvesteesunrealizedgainsonhedgingderivativesnetoftaxes
Equityinterestininvesteesunrealizedgainsonhedgingderivativesnetoftaxes
20000 USD
CY2015 uti Expiration Period Of Postemployment Benefits Agreements
ExpirationPeriodOfPostemploymentBenefitsAgreements
2016-05
CY2015 uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-1678000 USD
CY2013 uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-1013000 USD
CY2014 uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-1610000 USD
CY2015 uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-753000 USD
CY2014Q3 uti Liability To Vendor For Vouchers Redeemed By Students
LiabilityToVendorForVouchersRedeemedByStudents
1200000 USD
CY2015Q3 uti Liability To Vendor For Vouchers Redeemed By Students
LiabilityToVendorForVouchersRedeemedByStudents
1200000 USD
CY2014 uti Loans Extended During Period Under Our Proprietary Loan Program
LoansExtendedDuringPeriodUnderOurProprietaryLoanProgram
22174000 USD
CY2015 uti Loans Extended During Period Under Our Proprietary Loan Program
LoansExtendedDuringPeriodUnderOurProprietaryLoanProgram
18740000 USD
CY2015 uti Maximum Licensecostsoversevenyears
MaximumLicensecostsoversevenyears
2300000 USD
CY2015 uti Maximum Maturity Period Of Liquid Investment
MaximumMaturityPeriodOfLiquidInvestment
P90D
CY2015 uti Minimum Balance To Be Maintained In Credits Earned On Purchases
MinimumBalanceToBeMaintainedInCreditsEarnedOnPurchases
1000000 USD
CY2014Q3 uti Net Prepaid Expenses From Excess Of Credits Earned Over Credits Used
NetPrepaidExpensesFromExcessOfCreditsEarnedOverCreditsUsed
6200000 USD
CY2015Q3 uti Net Prepaid Expenses From Excess Of Credits Earned Over Credits Used
NetPrepaidExpensesFromExcessOfCreditsEarnedOverCreditsUsed
6400000 USD
CY2015 uti Number Of Campus Properties Leased From Related Party
NumberOfCampusPropertiesLeasedFromRelatedParty
1 Campus
CY2015Q3 uti Number Of Campuses
NumberOfCampuses
12 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
CY2015Q3 uti Operating Leases Future Minimum Payments Due Future Min.Sublease Rentalsdueintwoyears
OperatingLeasesFutureMinimumPaymentsDueFutureMin.SubleaseRentalsdueintwoyears
325000 USD
CY2015Q3 uti Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentalsdueinfiveyears
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsdueinfiveyears
157000 USD
CY2015Q3 uti Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentalsdueinfouryears
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsdueinfouryears
332000 USD
CY2015Q3 uti Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentalsdueinthreeyears
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsdueinthreeyears
328000 USD
CY2015Q3 uti Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentalsduethereafter
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsduethereafter
0 USD
CY2015Q3 uti Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentalsduewithin
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsduewithin
321000 USD
CY2015Q3 uti Operating Leases Future Minimum Payments Due Gross Total
OperatingLeasesFutureMinimumPaymentsDueGrossTotal
178376000 USD
CY2015Q3 uti Operating Leases Future Minimum Payments Due Next Twelve Months Gross
OperatingLeasesFutureMinimumPaymentsDueNextTwelveMonthsGross
27901000 USD
CY2015Q3 uti Operating Leases Future Minimum Payments Duein Five Years Gross
OperatingLeasesFutureMinimumPaymentsDueinFiveYearsGross
22482000 USD
CY2015Q3 uti Operating Leases Future Minimum Payments Duein Four Years Gross
OperatingLeasesFutureMinimumPaymentsDueinFourYearsGross
26917000 USD
CY2015Q3 uti Operating Leases Future Minimum Payments Duein Three Years Gross
OperatingLeasesFutureMinimumPaymentsDueinThreeYearsGross
27347000 USD
CY2015Q3 uti Operating Leases Future Minimum Payments Duein Two Years Gross
OperatingLeasesFutureMinimumPaymentsDueinTwoYearsGross
27457000 USD
CY2013 uti Operating Leases Rent Expense Paid To Related Parties
OperatingLeasesRentExpensePaidToRelatedParties
2500000 USD
CY2014 uti Operating Leases Rent Expense Paid To Related Parties
OperatingLeasesRentExpensePaidToRelatedParties
2300000 USD
CY2015 uti Operating Leases Rent Expense Paid To Related Parties
OperatingLeasesRentExpensePaidToRelatedParties
2100000 USD
CY2015 uti Percentage Of Cash Basis Revenue Collected From Funds Distributed Under Title Iv Programs
PercentageOfCashBasisRevenueCollectedFromFundsDistributedUnderTitleIvPrograms
0.66
CY2015 uti Percentageof Cash Basis Revenue Collectedfrom Funds Distributed Under Title Iv Programs As Calculatedunderthe9010 Rule
PercentageofCashBasisRevenueCollectedfromFundsDistributedUnderTitleIVProgramsAsCalculatedunderthe9010Rule
0.73
CY2015 uti Percentageof Cash Basis Revenue Collectedfrom Funds Distributed Under Veterans Benefits Programs
PercentageofCashBasisRevenueCollectedfromFundsDistributedUnderVeteransBenefitsPrograms
0.20
CY2015 uti Post Employment Benefits Other Non Cash Settlement Increase Decrease
PostEmploymentBenefitsOtherNonCashSettlementIncreaseDecrease
-339000 USD
CY2015 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<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 November 2015, the FASB issued guidance which simplifies the balance sheet classification of deferred taxes. The guidance requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. This guidance is effective for public business entities for annual periods, and for interim periods within those periods, beginning after December 15, 2016 with early adoption permitted. We intend to adopt this guidance for our fiscal year ending September 30, 2018. While the guidance will have an impact on our balance sheet classification, we do not anticipate it will have a material impact on our results of operations, financial condition or the financial statement disclosures. </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 April 2015, the Financial Accounting Standards Board (FASB) issued guidance related to customer&#8217;s accounting for fees paid in a cloud computing arrangement. The guidance provides clarification on whether a cloud computing arrangement includes a software license. If an arrangement includes a software license, then the software license element is accounted for consistent with the acquisition of other such licenses. If the arrangement does not include a software license, the arrangement is accounted for as a service contract. Entities have the option of adopting the guidance retrospectively or prospectively. The guidance is effective for annual periods, including interim periods within those periods, beginning after December 15, 2015 with early adoption permitted. We are currently evaluating both the adoption method and the impact that the update will have on our results of operations, financial condition and the 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 February 2015, the FASB issued guidance which changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. Specifically, the amendments (1) modify the evaluation of whether limited partnerships with similar legal entities are variable interest entities (VIEs) or voting interest entities, (2) eliminate the presumption that a general partner should consolidate a limited partnership, (3) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships and (4) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. Entities have the option of using a full or modified retrospective approach to adopt the guidance. This guidance is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 with early adoption permitted. We intend to adopt this guidance for our fiscal year ending September 30, 2017 and do not anticipate it will have a material impact on our results of operations, financial condition and the financial statement disclosures.</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;">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. In June 2015, the FASB deferred the effective date of the guidance by one year. This guidance is now effective for annual and interim reporting periods beginning after December&#160;15, 2017, and early adoption is now permitted for annual and interim reporting periods beginning after December 15, 2016. We do not plan to early adopt this guidance; accordingly, the standard will be effective for us starting with our fiscal year beginning October 1, 2018. 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>
CY2013 uti Sharebased Compensation Vestingof Awards Classifiedas Liability Instruments Noncash
SharebasedCompensationVestingofAwardsClassifiedasLiabilityInstrumentsNoncash
0 USD
CY2014 uti Proprietary Loan Program Interest Accrued During Period
ProprietaryLoanProgramInterestAccruedDuringPeriod
2835000 USD
CY2015 uti Proprietary Loan Program Interest Accrued During Period
ProprietaryLoanProgramInterestAccruedDuringPeriod
3108000 USD
CY2013 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.98
CY2014 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.98
CY2015 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.98
CY2013 uti Sharebased Compensation Liability Noncash
SharebasedCompensationLiabilityNoncash
310000 USD
CY2014 uti Sharebased Compensation Liability Noncash
SharebasedCompensationLiabilityNoncash
0 USD
CY2015 uti Sharebased Compensation Liability Noncash
SharebasedCompensationLiabilityNoncash
0 USD
CY2014 uti Sharebased Compensation Vestingof Awards Classifiedas Liability Instruments Noncash
SharebasedCompensationVestingofAwardsClassifiedasLiabilityInstrumentsNoncash
152000 USD
CY2015 uti Sharebased Compensation Vestingof Awards Classifiedas Liability Instruments Noncash
SharebasedCompensationVestingofAwardsClassifiedasLiabilityInstrumentsNoncash
80000 USD
CY2014 uti Total Depreciationand Amortization
TotalDepreciationandAmortization
20474000 USD
CY2015 uti Total Depreciationand Amortization
TotalDepreciationandAmortization
19155000 USD
CY2013 uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-1926000 USD
CY2014 uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-1002000 USD
CY2015 uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-899000 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
CY2015 uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
969000 USD
CY2014 uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
10560000 USD
CY2015 uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
12503000 USD
uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
13919000 USD
CY2013 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
2277000 USD
CY2014 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
3457000 USD
CY2015 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
5440000 USD
uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
120093000 USD
CY2013 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
22977000 USD
CY2014 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
26042000 USD
CY2015 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
24192000 USD
CY2014Q3 uti Tuition Receivables
TuitionReceivables
12662000 USD
CY2015Q3 uti Tuition Receivables
TuitionReceivables
18517000 USD
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;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:16px;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, 2015, we held cash and cash equivalents of </font><font style="font-family:inherit;font-size:10pt;">$29.4 million</font><font style="font-family:inherit;font-size:10pt;">, restricted cash of </font><font style="font-family:inherit;font-size:10pt;">$5.8 million</font><font style="font-family:inherit;font-size:10pt;"> and investments of </font><font style="font-family:inherit;font-size:10pt;">$29.8 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:16px;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:16px;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;">66%</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 year ended September&#160;30, 2015. This percentage differs from our Title IV percentage as calculated under the 90/10 rule due to the prescribed treatment of certain Title IV stipends under the rule. Additionally, approximately </font><font style="font-family:inherit;font-size:10pt;">20%</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 year ended September 30, 2015. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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:16px;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>
CY2015 us-gaap Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;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:16px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We lease the majority 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>
CY2015 us-gaap Nature Of Operations
NatureOfOperations
<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 or diploma programs at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">12</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 18 &#8220;Governmental Regulation and Financial Aid&#8221;.</font></div></div>
CY2015 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>

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