$UTI
UNIVERSAL TECHNICAL INSTITUTE INC

2017 Q1 Form 10-Q Financial Statement

#000126165417000028 Filed on May 05, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $82.50M $88.19M
YoY Change -6.46% -3.34%
Cost Of Revenue $20.50M $22.00M
YoY Change -6.82% -1.79%
Gross Profit $62.00M $66.20M
YoY Change -6.34% -3.78%
Gross Profit Margin 75.15% 75.06%
Selling, General & Admin $36.98M $44.19M
YoY Change -16.33% 8.61%
% of Gross Profit 59.64% 66.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.530M $4.100M
YoY Change -13.9% -6.39%
% of Gross Profit 5.69% 6.19%
Operating Expenses $81.81M $93.96M
YoY Change -12.93% 5.77%
Operating Profit $687.0K -$5.770M
YoY Change -111.91% -340.22%
Interest Expense -$600.0K -$700.0K
YoY Change -14.29% 133.33%
% of Operating Profit -87.34%
Other Income/Expense, Net -$272.0K -$569.0K
YoY Change -52.2% 168.4%
Pretax Income $415.0K -$6.339M
YoY Change -106.55% -389.45%
Income Tax $2.145M $25.66M
% Of Pretax Income 516.87%
Net Earnings -$1.730M -$32.00M
YoY Change -94.59% -5866.13%
Net Earnings / Revenue -2.1% -36.29%
Basic Earnings Per Share -$0.12 -$1.32
Diluted Earnings Per Share -$0.12 -$1.32
COMMON SHARES
Basic Shares Outstanding 24.67M shares 24.27M shares
Diluted Shares Outstanding 24.67M shares 24.27M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.00M $50.50M
YoY Change 94.06% -21.83%
Cash & Equivalents $88.98M $40.43M
Short-Term Investments $9.000M $10.10M
Other Short-Term Assets $35.00M $21.10M
YoY Change 65.88% -30.13%
Inventory
Prepaid Expenses
Receivables $9.972M $16.10M
Other Receivables $0.00 $0.00
Total Short-Term Assets $143.0M $87.73M
YoY Change 63.0% -16.2%
LONG-TERM ASSETS
Property, Plant & Equipment $109.9M $119.7M
YoY Change -8.24% 5.62%
Goodwill $9.005M $9.005M
YoY Change 0.0% -56.24%
Intangibles
YoY Change
Long-Term Investments $4.039M $4.984M
YoY Change -18.96% 26.31%
Other Assets $12.06M $13.34M
YoY Change -9.6% 26.64%
Total Long-Term Assets $131.7M $142.1M
YoY Change -7.37% -14.98%
TOTAL ASSETS
Total Short-Term Assets $143.0M $87.73M
Total Long-Term Assets $131.7M $142.1M
Total Assets $274.7M $229.9M
YoY Change 19.49% -15.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.808M $8.096M
YoY Change -15.91% -42.73%
Accrued Expenses $11.24M $8.675M
YoY Change 29.56% 61.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $800.0K
YoY Change 25.0% 33.33%
Total Short-Term Liabilities $78.48M $81.36M
YoY Change -3.54% -10.6%
LONG-TERM LIABILITIES
Long-Term Debt $42.60M $43.60M
YoY Change -2.29% 35.83%
Other Long-Term Liabilities $10.42M $10.74M
YoY Change -2.93% 18.19%
Total Long-Term Liabilities $10.42M $10.74M
YoY Change -2.93% 18.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $78.48M $81.36M
Total Long-Term Liabilities $10.42M $10.74M
Total Liabilities $142.7M $148.8M
YoY Change -4.1% 3.41%
SHAREHOLDERS EQUITY
Retained Earnings -$23.53M -$2.016M
YoY Change 1066.96% -104.17%
Common Stock $184.0M $180.5M
YoY Change 1.97% 2.23%
Preferred Stock $68.85M
YoY Change
Treasury Stock (at cost) $97.39M $97.39M
YoY Change 0.0% 0.52%
Treasury Stock Shares 6.865M shares 6.865M shares
Shareholders Equity $132.0M $81.10M
YoY Change
Total Liabilities & Shareholders Equity $274.7M $229.9M
YoY Change 19.49% -15.45%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$1.730M -$32.00M
YoY Change -94.59% -5866.13%
Depreciation, Depletion And Amortization $3.530M $4.100M
YoY Change -13.9% -6.39%
Cash From Operating Activities -$230.0K $1.060M
YoY Change -121.7% -84.27%
INVESTING ACTIVITIES
Capital Expenditures -$2.490M -$2.280M
YoY Change 9.21% -81.75%
Acquisitions
YoY Change
Other Investing Activities -$8.310M $9.870M
YoY Change -184.19% -544.59%
Cash From Investing Activities -$10.79M $7.600M
YoY Change -241.97% -151.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.850M -680.0K
YoY Change 319.12% -92.19%
NET CHANGE
Cash From Operating Activities -230.0K 1.060M
Cash From Investing Activities -10.79M 7.600M
Cash From Financing Activities -2.850M -680.0K
Net Change In Cash -13.87M 7.980M
YoY Change -273.81% -147.87%
FREE CASH FLOW
Cash From Operating Activities -$230.0K $1.060M
Capital Expenditures -$2.490M -$2.280M
Free Cash Flow $2.260M $3.340M
YoY Change -32.34% -82.63%

Facts In Submission

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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2219000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3136000 USD
CY2017Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
145000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
455000 USD
CY2016Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
46000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
51000 USD
CY2017Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2016Q1 us-gaap Income Tax Reconciliation Other Reconciling Items
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37000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
16000 USD
CY2017Q1 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
7000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
61000 USD
CY2016Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-150000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-158000 USD
CY2017Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
119000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
226000 USD
us-gaap Income Taxes Paid
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1443000 USD
us-gaap Income Taxes Paid
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2121000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-6135000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-7881000 USD
us-gaap Increase Decrease In Deferred Revenue
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-5263000 USD
us-gaap Increase Decrease In Deferred Revenue
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-9144000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-4648000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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2634000 USD
us-gaap Increase Decrease In Other Operating Assets
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68000 USD
us-gaap Increase Decrease In Other Operating Assets
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161000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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490000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-229000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
957000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
265000 USD
us-gaap Increase Decrease In Receivables
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-9000000 USD
us-gaap Increase Decrease In Receivables
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-2748000 USD
us-gaap Increase Decrease In Restricted Cash
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-3393000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-2355000 USD
us-gaap Increase In Restricted Cash
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11102000 USD
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016Q1 us-gaap Interest Income Expense Net
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-797000 USD
us-gaap Interest Income Expense Net
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-1614000 USD
CY2017Q1 us-gaap Interest Income Expense Net
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-712000 USD
us-gaap Interest Income Expense Net
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-1461000 USD
us-gaap Interest Paid
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1725000 USD
us-gaap Interest Paid
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1699000 USD
CY2016Q3 us-gaap Liabilities
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160545000 USD
CY2017Q1 us-gaap Liabilities
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142659000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
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297159000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
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274653000 USD
CY2016Q3 us-gaap Liabilities Current
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94560000 USD
CY2017Q1 us-gaap Liabilities Current
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78475000 USD
CY2016Q1 us-gaap Loan Processing Fee
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300000 USD
us-gaap Loan Processing Fee
LoanProcessingFee
800000 USD
CY2017Q1 us-gaap Loan Processing Fee
LoanProcessingFee
300000 USD
us-gaap Loan Processing Fee
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700000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-1818000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-3066000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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15298000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-9361000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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-2485000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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-17634000 USD
CY2016Q1 us-gaap Net Income Loss
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-32002000 USD
us-gaap Net Income Loss
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-33682000 USD
CY2017Q1 us-gaap Net Income Loss
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-1730000 USD
us-gaap Net Income Loss
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-3454000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-32002000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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-33682000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-3025000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2016Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1000000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1000000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
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4905000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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3929000 USD
CY2016Q3 us-gaap Postemployment Benefits Liability Current And Noncurrent
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4235000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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-6072000 USD
CY2016Q1 us-gaap Nonoperating Income Expense
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-569000 USD
us-gaap Nonoperating Income Expense
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-997000 USD
CY2017Q1 us-gaap Nonoperating Income Expense
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-272000 USD
us-gaap Nonoperating Income Expense
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-773000 USD
CY2016Q1 us-gaap Operating Expenses
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93962000 USD
us-gaap Operating Expenses
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185928000 USD
CY2017Q1 us-gaap Operating Expenses
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81810000 USD
us-gaap Operating Expenses
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164602000 USD
CY2016Q1 us-gaap Operating Income Loss
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-5770000 USD
us-gaap Operating Income Loss
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-7963000 USD
CY2017Q1 us-gaap Operating Income Loss
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687000 USD
us-gaap Operating Income Loss
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2074000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
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12172000 USD
CY2017Q1 us-gaap Other Assets Noncurrent
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12058000 USD
CY2016Q3 us-gaap Other Liabilities Current
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3673000 USD
CY2017Q1 us-gaap Other Liabilities Current
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4003000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
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10716000 USD
CY2017Q1 us-gaap Other Liabilities Noncurrent
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10423000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
124000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
378000 USD
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
315000 USD
us-gaap Other Nonoperating Income Expense
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435000 USD
us-gaap Payments For Postemployment Benefits
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3790000 USD
us-gaap Payments Of Dividends Common Stock
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1457000 USD
us-gaap Payments Of Dividends Common Stock
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0 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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0 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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2618000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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7000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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7000 USD
us-gaap Payments To Acquire Businesses Gross
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1500000 USD
us-gaap Payments To Acquire Businesses Gross
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0 USD
us-gaap Payments To Acquire Held To Maturity Securities
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0 USD
us-gaap Payments To Acquire Held To Maturity Securities
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9671000 USD
us-gaap Payments To Acquire Intangible Assets
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250000 USD
CY2017Q1 us-gaap Postemployment Benefits Liability Current And Noncurrent
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1701000 USD
CY2016Q4 us-gaap Postemployment Benefits Period Expense
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1300000 USD
us-gaap Postemployment Benefits Period Expense
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1788000 USD
CY2016Q1 us-gaap Preferred Stock Dividends Income Statement Impact
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0 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2017Q1 us-gaap Preferred Stock Dividends Income Statement Impact
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1295000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2618000 USD
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q3 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2017Q1 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
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700000 shares
CY2017Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
700000 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
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700000 shares
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
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700000 shares
CY2016Q3 us-gaap Preferred Stock Value
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0 USD
CY2017Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
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20004000 USD
CY2017Q1 us-gaap Prepaid Expense And Other Assets Current
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20347000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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240000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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241000 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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19320000 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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1642000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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1000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
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285917000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
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288540000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
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114033000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
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109877000 USD
us-gaap Provision For Doubtful Accounts
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752000 USD
us-gaap Provision For Doubtful Accounts
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327000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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354000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
441000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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5956000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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14702000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
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-17454000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
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-23526000 USD
CY2016Q1 us-gaap Sales Revenue Net
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88192000 USD
us-gaap Sales Revenue Net
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177965000 USD
CY2017Q1 us-gaap Sales Revenue Net
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82497000 USD
us-gaap Sales Revenue Net
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166676000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
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44192000 USD
us-gaap Selling General And Administrative Expense
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86506000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
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36976000 USD
us-gaap Selling General And Administrative Expense
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72614000 USD
us-gaap Share Based Compensation
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2286000 USD
us-gaap Share Based Compensation
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1435000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
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0 USD
CY2011Q4 us-gaap Stock Repurchase Program Authorized Amount1
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25000000 USD
us-gaap Stock Repurchased During Period Shares
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1677570 shares
us-gaap Stock Repurchased During Period Value
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15300000 USD
CY2016Q3 us-gaap Stockholders Equity
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136614000 USD
CY2017Q1 us-gaap Stockholders Equity
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131994000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
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9.09
CY2016Q3 us-gaap Treasury Stock Shares
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6864897 shares
CY2017Q1 us-gaap Treasury Stock Shares
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6864897 shares
CY2016Q3 us-gaap Treasury Stock Value
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97388000 USD
CY2017Q1 us-gaap Treasury Stock Value
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97388000 USD
CY2016Q3 us-gaap Valuation Allowances And Reserves Balance
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32828000 USD
CY2017Q1 us-gaap Valuation Allowances And Reserves Balance
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36744000 USD
us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
98000 USD
us-gaap Valuation Allowances And Reserves Period Increase Decrease
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4014000 USD
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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24270000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24252000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24666000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24645000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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24270000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24252000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24666000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24645000 shares
CY2016Q3 uti Accrued Tool Sets
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2938000 USD
CY2017Q1 uti Accrued Tool Sets
AccruedToolSets
2972000 USD
uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
128911000 USD
CY2016Q1 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
3681000 USD
uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
8792000 USD
CY2017Q1 uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
3122000 USD
uti Aggregate Tuition And Interest Income Excluded During Period
AggregateTuitionAndInterestIncomeExcludedDuringPeriod
7281000 USD
CY2017Q1 uti Amount Of Loans Committed To Provide
AmountOfLoansCommittedToProvide
148.2 USD
CY2015Q3 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
74664000 USD
CY2016Q1 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
75487000 USD
CY2016Q3 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
75511000 USD
CY2017Q1 uti Amounts Outstanding Under Our Proprietary Loan Program
AmountsOutstandingUnderOurProprietaryLoanProgram
73753000 USD
uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-1509000 USD
uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
88000 USD
CY2016Q3 uti Deferred Tax Assets Tax Deferred Expense Accruedtoolsets
DeferredTaxAssetsTaxDeferredExpenseAccruedtoolsets
1188000 USD
CY2017Q1 uti Deferred Tax Assets Tax Deferred Expense Accruedtoolsets
DeferredTaxAssetsTaxDeferredExpenseAccruedtoolsets
1192000 USD
CY2016Q3 uti Deferredtaxassetsdeductionslimitedby Section382
DeferredtaxassetsdeductionslimitedbySection382
592000 USD
CY2017Q1 uti Deferredtaxassetsdeductionslimitedby Section382
DeferredtaxassetsdeductionslimitedbySection382
1364000 USD
CY2016Q1 uti Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
300000 USD
uti Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
600000 USD
uti Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
602000 USD
CY2017Q1 uti Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
300000 USD
uti Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
648000 USD
uti Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
600000 USD
CY2016Q1 uti Educational Services And Facilities
EducationalServicesAndFacilities
49770000 USD
uti Educational Services And Facilities
EducationalServicesAndFacilities
99422000 USD
CY2017Q1 uti Educational Services And Facilities
EducationalServicesAndFacilities
44834000 USD
uti Educational Services And Facilities
EducationalServicesAndFacilities
91988000 USD
CY2016Q1 uti Equityinterestininvesteesunrealizedgainslossesonhedgingderivativesnetoftaxes
Equityinterestininvesteesunrealizedgainslossesonhedgingderivativesnetoftaxes
0 USD
uti Equityinterestininvesteesunrealizedgainslossesonhedgingderivativesnetoftaxes
Equityinterestininvesteesunrealizedgainslossesonhedgingderivativesnetoftaxes
-1000 USD
CY2017Q1 uti Equityinterestininvesteesunrealizedgainslossesonhedgingderivativesnetoftaxes
Equityinterestininvesteesunrealizedgainslossesonhedgingderivativesnetoftaxes
-6000 USD
uti Equityinterestininvesteesunrealizedgainslossesonhedgingderivativesnetoftaxes
Equityinterestininvesteesunrealizedgainslossesonhedgingderivativesnetoftaxes
-9000 USD
uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
184000 USD
uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-574000 USD
uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-910000 USD
uti Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-973000 USD
uti Loans Extended During Period Under Our Proprietary Loan Program
LoansExtendedDuringPeriodUnderOurProprietaryLoanProgram
10056000 USD
uti Loans Extended During Period Under Our Proprietary Loan Program
LoansExtendedDuringPeriodUnderOurProprietaryLoanProgram
8930000 USD
CY2017Q1 uti Number Of Campuses
NumberOfCampuses
12 Campus
uti Proprietary Loan Program Interest Accrued During Period
ProprietaryLoanProgramInterestAccruedDuringPeriod
1863000 USD
uti Proprietary Loan Program Interest Accrued During Period
ProprietaryLoanProgramInterestAccruedDuringPeriod
1813000 USD
CY2016Q4 uti Number Of Impacted Employees Due To Reduction In Workforce
NumberOfImpactedEmployeesDueToReductionInWorkforce
75 Employee
uti Post Employment Benefits Other Non Cash Settlement Increase Decrease
PostEmploymentBenefitsOtherNonCashSettlementIncreaseDecrease
-532000 USD
uti Rights Expiration Date
RightsExpirationDate
2017-02-21
CY2016Q1 uti Total Depreciationand Amortization
TotalDepreciationandAmortization
4640000 USD
uti Total Depreciationand Amortization
TotalDepreciationandAmortization
9023000 USD
CY2017Q1 uti Total Depreciationand Amortization
TotalDepreciationandAmortization
4204000 USD
uti Total Depreciationand Amortization
TotalDepreciationandAmortization
8513000 USD
uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-348000 USD
uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
-409000 USD
uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
1553000 USD
uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
716000 USD
uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
-7724000 USD
uti Tuition And Interest Amounts Written Off
TuitionAndInterestAmountsWrittenOff
-8565000 USD
uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
-25021000 USD
CY2016Q1 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
-1837000 USD
uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
-3372000 USD
CY2017Q1 uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
-2103000 USD
uti Tuition And Interest Income Actual Cash Receipts
TuitionAndInterestIncomeActualCashReceipts
-3936000 USD
uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
153932000 USD
CY2016Q1 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
5518000 USD
uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
12164000 USD
CY2017Q1 uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
5225000 USD
uti Tuition And Interest Income Excluded
TuitionAndInterestIncomeExcluded
11217000 USD
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;">Nature of the Business</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;">We are the leading provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time student enrollment and graduates. We offer undergraduate degree or diploma programs at </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;"> campuses across the United States under the banner of several well-known brands, including Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute and NASCAR Technical Institute. We also offer manufacturer specific advanced training (MSAT) programs, including student-paid electives, at our campuses and manufacturer or dealer sponsored training at certain campuses and dedicated training centers.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We work closely with leading original equipment manufacturers (OEMs) in the automotive, diesel, motorcycle and marine industries to understand their needs for qualified service professionals. Revenues generated from our schools consist primarily of tuition and fees paid by students. To pay for a substantial portion of their tuition, the majority of students rely on funds received from federal financial aid programs under Title IV Programs of the Higher Education Act of 1965, as amended, as well as from various veterans benefits programs. For further discussion, see Note 2 "Summary of Significant Accounting Policies - Concentration of Risk" and Note 19 &#8220;Government Regulation and Financial Aid&#8221; included in our 2016 Annual Report on Form 10-K filed with the SEC on November 30, 2016.</font></div></div>

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