2020 Q3 Form 10-K Financial Statement

#000126165420000071 Filed on December 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $76.33M $87.67M $79.04M
YoY Change -12.93% 9.23% 5.54%
Cost Of Revenue $17.10M $21.20M $19.90M
YoY Change -19.34% -10.17% -6.13%
Gross Profit $59.20M $66.50M $59.10M
YoY Change -10.98% 17.28% 10.06%
Gross Profit Margin 77.56% 75.86% 74.77%
Selling, General & Admin $52.90M $60.70M $36.66M
YoY Change -12.85% -9.81% -12.61%
% of Gross Profit 89.36% 91.28% 62.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.980M $3.270M $3.340M
YoY Change -8.87% 4.81% 5.03%
% of Gross Profit 5.03% 4.92% 5.65%
Operating Expenses $53.10M $61.00M $79.50M
YoY Change -12.95% -9.9% -8.3%
Operating Profit $6.153M $5.438M -$455.0K
YoY Change 13.15% -149.21% -96.14%
Interest Expense $200.0K -$400.0K $802.0K
YoY Change -150.0% 0.0% -300.5%
% of Operating Profit 3.25% -7.36%
Other Income/Expense, Net $100.0K $300.0K $121.0K
YoY Change -66.67% -25.0% -270.42%
Pretax Income $6.500M $5.400M -$334.0K
YoY Change 20.37% -149.09% -97.19%
Income Tax $100.0K -$100.0K $31.00K
% Of Pretax Income 1.54% -1.85%
Net Earnings $6.450M $5.477M -$365.0K
YoY Change 17.77% -149.79% -96.88%
Net Earnings / Revenue 8.45% 6.25% -0.46%
Basic Earnings Per Share $0.10 $0.09 -$0.07
Diluted Earnings Per Share $0.09 $0.09 -$0.07
COMMON SHARES
Basic Shares Outstanding 32.61M shares 25.50M shares 25.50M shares
Diluted Shares Outstanding 25.50M shares

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.9M $65.40M $42.70M
YoY Change 75.69% 12.56% -24.02%
Cash & Equivalents $76.80M $65.44M $42.69M
Short-Term Investments $38.10M
Other Short-Term Assets $6.489M $7.331M $7.402M
YoY Change -11.49% -8.67% -77.01%
Inventory
Prepaid Expenses $6.121M $7.054M $8.997M
Receivables $35.41M $17.94M $12.03M
Other Receivables $6.494M $7.078M $5.200M
Total Short-Term Assets $180.2M $118.1M $89.80M
YoY Change 52.56% 1.12% -17.23%
LONG-TERM ASSETS
Property, Plant & Equipment $217.4M $104.1M $106.5M
YoY Change 108.79% -9.34% -6.37%
Goodwill $8.200M $8.200M $8.222M
YoY Change 0.0% -0.27% 0.0%
Intangibles
YoY Change
Long-Term Investments $4.494M $4.338M $4.304M
YoY Change 3.6% 3.14% 3.16%
Other Assets $8.565M $10.22M $9.978M
YoY Change -16.21% -8.89% -10.18%
Total Long-Term Assets $261.8M $152.4M $154.3M
YoY Change 71.76% -7.89% -6.77%
TOTAL ASSETS
Total Short-Term Assets $180.2M $118.1M $89.80M
Total Long-Term Assets $261.8M $152.4M $154.3M
Total Assets $442.0M $270.5M $244.1M
YoY Change 63.38% -4.16% -10.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.47M $10.03M $6.982M
YoY Change 24.3% 14.55% -14.82%
Accrued Expenses $11.37M $13.62M $11.72M
YoY Change -16.51% -14.03% 1.3%
Deferred Revenue $40.69M $42.89M
YoY Change -5.11%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $129.0K $1.600M $1.500M
YoY Change -91.94% 23.08% 15.38%
Total Short-Term Liabilities $121.6M $96.84M $73.99M
YoY Change 25.6% 4.74% 0.99%
LONG-TERM LIABILITIES
Long-Term Debt $131.0K $39.20M $39.60M
YoY Change -99.67% -3.69% -3.65%
Other Long-Term Liabilities $8.925M $9.578M $9.555M
YoY Change -6.82% -5.39% -2.65%
Total Long-Term Liabilities $9.056M $9.578M $9.555M
YoY Change -5.45% -5.39% -2.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $121.6M $96.84M $73.99M
Total Long-Term Liabilities $9.056M $9.578M $9.555M
Total Liabilities $265.5M $156.2M $133.4M
YoY Change 69.91% 0.39% -1.49%
SHAREHOLDERS EQUITY
Retained Earnings -$32.97M -$44.67M -$48.83M
YoY Change -26.19% 41.57% 153.9%
Common Stock $141.0M $187.5M $188.1M
YoY Change -24.8% 0.41% 0.92%
Preferred Stock $68.85M $68.85M $68.85M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock (at cost) $365.0K $97.39M $97.39M
YoY Change -99.63% 0.0% 0.0%
Treasury Stock Shares 82.00K shares 6.865M shares 6.865M shares
Shareholders Equity $176.5M $114.3M $110.7M
YoY Change
Total Liabilities & Shareholders Equity $442.0M $270.5M $244.1M
YoY Change 63.38% -4.16% -10.91%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $6.450M $5.477M -$365.0K
YoY Change 17.77% -149.79% -96.88%
Depreciation, Depletion And Amortization $2.980M $3.270M $3.340M
YoY Change -8.87% 4.81% 5.03%
Cash From Operating Activities $21.15M $28.87M -$9.930M
YoY Change -26.74% 216.9% -39.41%
INVESTING ACTIVITIES
Capital Expenditures -$2.070M -$1.150M -$520.0K
YoY Change 80.0% -67.33% -94.69%
Acquisitions
YoY Change
Other Investing Activities -$6.500M $90.00K $70.00K
YoY Change -7322.22% -71.88% -86.54%
Cash From Investing Activities -$8.570M -$1.060M -$450.0K
YoY Change 708.49% -66.87% -95.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.820M -3.480M -340.0K
YoY Change -18.97% 11.18% 21.43%
NET CHANGE
Cash From Operating Activities 21.15M 28.87M -9.930M
Cash From Investing Activities -8.570M -1.060M -450.0K
Cash From Financing Activities -2.820M -3.480M -340.0K
Net Change In Cash 9.760M 24.33M -10.72M
YoY Change -59.88% 775.18% -58.67%
FREE CASH FLOW
Cash From Operating Activities $21.15M $28.87M -$9.930M
Capital Expenditures -$2.070M -$1.150M -$520.0K
Free Cash Flow $23.22M $30.02M -$9.410M
YoY Change -22.65% 137.69% 42.79%

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CY2018 us-gaap Dividends Preferred Stock Cash
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5250000 USD
CY2018Q3 us-gaap Stockholders Equity
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126645000 USD
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-7868000 USD
CY2019 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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629000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1390000 USD
CY2019 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
5250000 USD
CY2019Q3 us-gaap Stockholders Equity
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114288000 USD
CY2020 us-gaap Net Income Loss
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8008000 USD
CY2020 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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698000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2077000 USD
CY2020 us-gaap Stock Issued During Period Value New Issues
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49153000 USD
CY2020 us-gaap Dividends Preferred Stock Cash
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5264000 USD
CY2020Q3 us-gaap Stockholders Equity
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176522000 USD
CY2020 us-gaap Net Income Loss
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8008000 USD
CY2019 us-gaap Net Income Loss
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-7868000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-32682000 USD
CY2020 us-gaap Depreciation And Amortization
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11804000 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
13222000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
13006000 USD
CY2019 us-gaap Amortization Of Leased Asset
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2682000 USD
CY2018 us-gaap Amortization Of Leased Asset
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2682000 USD
CY2020 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
24273000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1164000 USD
CY2020 us-gaap Provision For Doubtful Accounts
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1767000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1166000 USD
CY2018 us-gaap Provision For Doubtful Accounts
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1511000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
2077000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
1390000 USD
CY2018 us-gaap Share Based Compensation
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1815000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
345000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2812000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
399000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
385000 USD
CY2020 uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
541000 USD
CY2019 uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
302000 USD
CY2018 uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
33000 USD
CY2020 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
52000 USD
CY2019 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-561000 USD
CY2018 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-122000 USD
CY2020 us-gaap Increase Decrease In Other Receivables
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13749000 USD
CY2019 us-gaap Increase Decrease In Other Receivables
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1483000 USD
CY2018 us-gaap Increase Decrease In Other Receivables
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2695000 USD
CY2020 us-gaap Increase Decrease In Accounts And Notes Receivable
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-2286000 USD
CY2019 us-gaap Increase Decrease In Accounts And Notes Receivable
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-1298000 USD
CY2018 us-gaap Increase Decrease In Accounts And Notes Receivable
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-3393000 USD
CY2020 us-gaap Increase Decrease In Prepaid Expense
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1016000 USD
CY2019 us-gaap Increase Decrease In Prepaid Expense
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-3157000 USD
CY2018 us-gaap Increase Decrease In Prepaid Expense
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1584000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
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76000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
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-1016000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
116000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7020000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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2942000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3858000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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-2192000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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4650000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
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-5663000 USD
CY2020 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-6989000 USD
CY2019 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
166000 USD
CY2018 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-812000 USD
CY2020 uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-1863000 USD
CY2019 uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-300000 USD
CY2018 uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-1014000 USD
CY2020 uti Increase Decrease In Deferred Rent Liability
IncreaseDecreaseInDeferredRentLiability
0 USD
CY2019 uti Increase Decrease In Deferred Rent Liability
IncreaseDecreaseInDeferredRentLiability
-1677000 USD
CY2018 uti Increase Decrease In Deferred Rent Liability
IncreaseDecreaseInDeferredRentLiability
5116000 USD
CY2020 uti Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-25617000 USD
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
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739000 USD
CY2019 us-gaap Proceeds From Life Insurance Policies
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0 USD
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
321000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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20606000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
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64000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
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-318000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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11032000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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21746000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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-13353000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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9262000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6453000 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
34000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
25000 USD
CY2020 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
69678000 USD
CY2019 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 USD
CY2018 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
31289000 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
0 USD
CY2018 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
7739000 USD
CY2020 us-gaap Proceeds From Life Insurance Policies
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1566000 USD
CY2018 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
CY2020 us-gaap Payments To Acquire Marketable Securities
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0 USD
CY2019 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2018 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
894000 USD
CY2020 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
0 USD
CY2019 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
0 USD
CY2018 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
40902000 USD
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
325000 USD
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
261000 USD
CY2019 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
267000 USD
CY2018 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
291000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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-45760000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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-6152000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
27132000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
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49153000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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5264000 USD
CY2019 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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5250000 USD
CY2018 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5250000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
99000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1319000 USD
CY2018 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1107000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
698000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
629000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
223000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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43092000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7198000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6580000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8364000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8396000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7199000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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65442000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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58104000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
50138000 USD
CY2019Q3 us-gaap Restricted Cash
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15113000 USD
CY2018Q3 us-gaap Restricted Cash
RestrictedCash
14055000 USD
CY2017Q3 us-gaap Restricted Cash
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14822000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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80555000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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72159000 USD
CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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64960000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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76803000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65442000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
58104000 USD
CY2020Q3 us-gaap Restricted Cash
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12116000 USD
CY2019Q3 us-gaap Restricted Cash
RestrictedCash
15113000 USD
CY2018Q3 us-gaap Restricted Cash
RestrictedCash
14055000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88919000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80555000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72159000 USD
CY2020 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
113000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
37000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
610000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
7000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
3220000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
3310000 USD
CY2020 uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
985000 USD
CY2019 uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
772000 USD
CY2018 uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
3240000 USD
CY2020 uti Depreciationoftrainingequipmentobtainedinexchangeforservices
Depreciationoftrainingequipmentobtainedinexchangeforservices
1345000 USD
CY2019 uti Depreciationoftrainingequipmentobtainedinexchangeforservices
Depreciationoftrainingequipmentobtainedinexchangeforservices
1387000 USD
CY2018 uti Depreciationoftrainingequipmentobtainedinexchangeforservices
Depreciationoftrainingequipmentobtainedinexchangeforservices
1386000 USD
CY2020 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-490000 USD
CY2019 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
316000 USD
CY2018 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-1042000 USD
CY2019Q3 uti Receivable Net Institutional Funds Cares Act
ReceivableNetInstitutionalFundsCARESAct
0 USD
CY2018Q3 uti Receivable Net Institutional Funds Cares Act
ReceivableNetInstitutionalFundsCARESAct
0 USD
CY2018Q3 uti Institutional Funds Cares Act
InstitutionalFundsCARESAct
0 USD
CY2020Q3 uti Receivable Net Institutional Funds Cares Act
ReceivableNetInstitutionalFundsCARESAct
1797000 USD
CY2020 uti Amount Received To Offset Costs Cares Act
AmountReceivedToOffsetCostsCARESAct
16565000 USD
CY2019 uti Amount Received To Offset Costs Cares Act
AmountReceivedToOffsetCostsCARESAct
0 USD
CY2018 uti Amount Received To Offset Costs Cares Act
AmountReceivedToOffsetCostsCARESAct
0 USD
CY2020 uti Grants Awarded Amount Cares Act
GrantsAwardedAmountCARESAct
17184000 USD
CY2019 uti Grants Awarded Amount Cares Act
GrantsAwardedAmountCARESAct
0 USD
CY2018 uti Grants Awarded Amount Cares Act
GrantsAwardedAmountCARESAct
0 USD
CY2020Q3 uti Institutional Funds Cares Act
InstitutionalFundsCARESAct
13889000 USD
CY2019Q3 uti Institutional Funds Cares Act
InstitutionalFundsCARESAct
0 USD
CY2020 us-gaap Nature Of Operations
NatureOfOperations
Business Description<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Universal Technical Institute, Inc. (“we,” “us” or “our”) is 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 full-time enrollment and graduates. We also provide programs for welders and computer numeric control (“CNC”) machining technicians. We offer certificate, diploma or degree programs at 12 campuses across the United States under the banner of several well-known brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute and NASCAR Technical Institute. This excludes the Norwood, Massachusetts campus that was closed on July 31, 2020. 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. Founded in 1965, we have provided technical education for more than 55 years and have graduated more than 220,000 technicians. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We work closely with over 35 original equipment manufacturers and industry brand partners to understand their needs for qualified service professionals. Revenues generated from our schools consist primarily of tuition and fees paid by students. To pay for a substantial portion of their tuition, the majority of students rely on funds received from federal financial aid programs under Title IV Programs of the Higher Education Act of 1965, as amended (“HEA”), as well as from various veterans benefits programs. For further discussion, see Note 2 on “Summary of Significant Accounting Policies - Concentration of Risk” and Note 20 on “Government Regulation and Financial Aid.”</span></div>
CY2020Q3 uti Number Of Campuses
NumberOfCampuses
12 campus
CY2020 uti Duration Of Technical Education Provided
DurationOfTechnicalEducationProvided
P55Y
CY2020Q3 uti Number Of Graduated Technicians
NumberOfGraduatedTechnicians
220000 technician
CY2020Q3 uti Number Of Manufacturer Brand Partners And Employers
NumberOfManufacturerBrandPartnersAndEmployers
35 plan
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
CY2020 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.99
CY2019 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.99
CY2018 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.98
CY2020 us-gaap Debt Instrument Term
DebtInstrumentTerm
P10Y
CY2020 us-gaap Loan Processing Fee
LoanProcessingFee
900000 USD
CY2019 us-gaap Loan Processing Fee
LoanProcessingFee
1100000 USD
CY2018 us-gaap Loan Processing Fee
LoanProcessingFee
1300000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
8200000 USD
CY2020Q3 uti Increase Decrease In Average Student Enrollment
IncreaseDecreaseInAverageStudentEnrollment
-0.038
CY2020Q3 uti Increase Decrease In New Student Enrollment
IncreaseDecreaseInNewStudentEnrollment
0.034
CY2020Q3 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
3400000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
39700000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
41200000 USD
CY2018 us-gaap Advertising Expense
AdvertisingExpense
44800000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2100000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1400000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1900000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
500000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
400000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
500000 USD
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Risk</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, restricted cash, short-term investments and receivables. As of September 30, 2020, we held cash and cash equivalents of $76.8 million, restricted cash of $12.1 million and short-term held-to-maturity investments of $38.1 million. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. We have the ability and intention to hold these investments until maturity and therefore have classified these investments as held-to-maturity and recorded them at amortized cost.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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’s participation in federally funded financial aid programs. Transfers of funds from the financial aid programs to us are made in accordance with the ED requirements. Approximately 66% of our revenues, on a cash basis, were collected from funds distributed under Title IV Programs for the year ended September 30, 2020 as calculated under the 90/10 rule. Additionally, approximately 17% of our revenues, on a cash basis, were collected from funds distributed under various veterans benefits programs for the year ended September 30, 2020. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. ED and other regulators have increased the frequency and severity of their enforcement actions against postsecondary schools which have resulted in the imposition of material liabilities, sanctions, letter of credit requirements and other restrictions and, in some cases, resulted in the loss of schools’ eligibility to receive Title IV funds or in closure of the schools. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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’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.</span></div>
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76800000 USD
CY2020Q3 us-gaap Restricted Cash
RestrictedCash
12100000 USD
CY2020Q3 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
38100000 USD
CY2020 uti Percentage Of Cash Basis Revenue Collected From Funds Distributed Under Title Iv Programs
PercentageOfCashBasisRevenueCollectedFromFundsDistributedUnderTitleIvPrograms
0.66
CY2020 uti Percentageof Cash Basis Revenue Collectedfrom Funds Distributed Under Veterans Benefits Programs
PercentageofCashBasisRevenueCollectedfromFundsDistributedUnderVeteransBenefitsPrograms
0.17
CY2020 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
Recent Accounting Pronouncements<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Accounting Pronouncements Effective in Fiscal 2020 </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Leases</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> Leases (Topic 842)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (“ASU 2016-02”), which amended the FASB Accounting Standards Codification (“ASC”) by creating ASC 842 to replace ASC 840. ASU 2016-02 requires lessees to recognize a right-of-use (“ROU”) asset and a lease liability on the balance sheet for substantially all leases, with the exception of short-term leases. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of income. In July 2018, the FASB issued ASU 2018-11, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Leases</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(Topic 842)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> to provide entities with relief from the costs of implementing certain aspects of the new leasing standard. It also allows lessors to elect not to separate lease and non-lease components when certain conditions are met. In March 2019, the FASB issued ASU 2019-01, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Lease (Topic 842): Codification Improvements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (“ASU 2019-01”). ASU 2019-01 clarifies certain items regarding lessor accounting. It also clarifies the interim disclosure requirements during transition.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The new guidance in ASC 842 also provides a package of transition practical expedients that allow an entity to not reassess (1) whether any expired or existing contracts contain a lease, (2) the lease classification of any expired or existing lease, and (3) initial direct costs for any existing lease. We adopted ASC 842 effective October 1, 2019, and elected the package of transition practical expedients. We also elected additional transitional practical expedients that allow an entity to not reassess land easements not previously addressed under ASC 840 and to not recognize on the balance sheet leases with terms of less than 12 months. We are using the modified retrospective method without the recasting of comparative periods’ financial information. We did not elect the practical expedient to use hindsight in determining a lease term of the ROU assets at the adoption date. As a result of adopting the new standard, we recognized an operating lease liability of $163.0 million and an operating lease ROU asset of $148.6 million on October 1, 2019. The change resulted in the de-recognition of approximately $0.9 million of other assets and $15.3 million of other liabilities. The standard did not materially impact our condensed consolidated statements of operations and cash flows.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, we have two build-to-suit leases that were accounted for as financing obligations and related assets because we had continued involvement in the related facility after the construction period was completed. The financing obligations are now classified as operating leases in accordance with the new standard as of the transition date, including recognition of operating lease ROU assets and lease liabilities. The change resulted in the de-recognition of approximately $40.7 million existing deferred financing obligations and $31.6 million in related assets. The net impact of the de-recognition and the adoption of ASC 842 as of October 1, 2019 was an increase in stockholders’ equity of approximately $9.1 million, with a subsequent adjustment during the three months ended March 31, 2020, which reduced the impact to stockholders’ equity by $0.1 million. The transition also resulted in the recognition of rent expense, which was previously reported as interest expense under the former guidance. See Note 10 “Leases” for our fiscal 2020 disclosures. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Fair Value Measurement</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2018, the FASB issued ASU 2018-13, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Fair Value Measurement (Topic 820)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (“ASU 2018-13”). ASU 2018-13 amends the disclosure requirements of ASC 820, changing the fair value measurement disclosure requirements of ASC 820 by adding new disclosure requirements, modifying existing disclosure requirements and eliminating other disclosure requirements. We adopted ASU 2018-13 as of October 1, 2019. There was no impact to our consolidated financial statements or disclosures.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Cloud Computing Arrangements</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2018, the FASB issued ASU 2018-15, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Intangibles—Goodwill and other Internal-use Software (Subtopic 350-40)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (“ASU 2018-15”). ASU 2018-15 aligns the accounting for costs incurred to implement a cloud computing arrangement (“CCA”) that is a service arrangement with the guidance on capitalizing costs associated with developing or obtaining internal-use software. Specifically, ASU 2018-15 amends ASC 350 to include in its scope implementation costs of a CCA that is a service contract and clarifies that a customer should apply ASC 350-40 to determine which implementation costs </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">should be capitalized in a CCA that is considered a service contract. The effect of this new standard on our consolidated financial statements is dependent on our entry into any future cloud computing arrangements.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Accounting Pronouncements Effective in Fiscal 2021</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In June 2016, the FASB issued ASU 2016-13, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. This update significantly changes the way that entities will be required to measure credit losses. This standard requires that entities estimate credit losses based upon an “expected credit loss” approach rather than the “incurred loss” approach, which is currently used. The new approach will require entities to measure all expected credit losses for financial assets based on historical experience, current conditions and reasonable forecasts of collectability. The change in approach is anticipated to impact the timing of recognition of credit losses. This standard is effective for financial statements issued by public companies for annual and interim periods beginning after December 15, 2019. These changes became effective for the Company's fiscal year beginning October 1, 2020. Upon adoption on October 1, 2020, we recorded an increase in our receivables balance related to our proprietary loan program of $1.6 million, with the corresponding amount recorded as an increase to retained earnings. No other adjustments were deemed necessary in applying this new guidance, and we do not expect the adoption of ASU 2016-13 to have a material impact on our results of operations.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Accounting Pronouncements Effective in Fiscal 2022</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, the FASB issued ASU 2019-12, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(“ASU 2019-12”). The amendments in ASU 2019-12 simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. We are currently evaluating the impact that the update will have on our results of operations, financial condition and financial statement disclosures.</span></div>
CY2020Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
53144000 USD
CY2019Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
44629000 USD
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
40694000 USD
CY2019Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
42886000 USD
CY2020Q1 uti Number Of Online Students
NumberOfOnlineStudents
8000 student
CY2020Q2 uti Number Of Campuses In Person Labs Resumed
NumberOfCampusesInPersonLabsResumed
8 campus
CY2020Q2 uti Number Of Campuses In Person Labs Resumed
NumberOfCampusesInPersonLabsResumed
4 campus
CY2020Q3 uti Students Not Returned To Campus Percentage
StudentsNotReturnedToCampusPercentage
0.05
CY2020Q3 uti Students Completing Catch Up Labs Percentage
StudentsCompletingCatchUpLabsPercentage
0.28
CY2020Q3 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
1100000 USD
CY2018Q3 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
381000 USD
CY2019 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
1727000 USD
CY2019 us-gaap Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
1187000 USD
CY2019 uti Post Employment Benefits Other Non Cash Settlement Increase Decrease
PostEmploymentBenefitsOtherNonCashSettlementIncreaseDecrease
-168000 USD
CY2019Q3 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
753000 USD
CY2020 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
2280000 USD
CY2020 us-gaap Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
2261000 USD
CY2020 uti Post Employment Benefits Other Non Cash Settlement Increase Decrease
PostEmploymentBenefitsOtherNonCashSettlementIncreaseDecrease
102000 USD
CY2020Q3 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
874000 USD
CY2020Q3 uti Tuition Receivables
TuitionReceivables
23565000 USD
CY2019Q3 uti Tuition Receivables
TuitionReceivables
11800000 USD
CY2020Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
7145000 USD
CY2019Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
156000 USD
CY2017Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
579000 USD
CY2020Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
6494000 USD
CY2019Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
7078000 USD
CY2020Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
37204000 USD
CY2019Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
19034000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1793000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1097000 USD
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
35411000 USD
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17937000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1097000 USD
CY2018Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
999000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1767000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1166000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1511000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1071000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1068000 USD
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1091000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1793000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1097000 USD
CY2018Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
999000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
49500000 USD
CY2020Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
38055000 USD
CY2020Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
10000 USD
CY2020Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
33000 USD
CY2020Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
38032000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
359000 USD
CY2020Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
255106000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
305657000 USD
CY2020Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
182363000 USD
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
201531000 USD
CY2020Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
72743000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
104126000 USD
CY2019Q3 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
45816000 USD
CY2019Q3 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
14208000 USD
CY2019Q3 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
31608000 USD
CY2020 uti Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
10 location
CY2020Q3 uti Number Of Campuses
NumberOfCampuses
12 location
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
29348000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
102000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
4120000 USD
CY2020 us-gaap Sublease Income
SubleaseIncome
744000 USD
CY2020 us-gaap Lease Cost
LeaseCost
32833000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
144663000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
257000 USD
CY2020Q3 uti Lease Right Of Use Asset
LeaseRightOfUseAsset
144920000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23666000 USD
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
129000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
134089000 USD
CY2020Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
131000 USD
CY2020Q3 uti Lease Liability
LeaseLiability
158015000 USD
CY2020Q3 uti Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
100000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
25617000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
7000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
99000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
20321000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
215000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y4M2D
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y18D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0437
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0308
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
28212000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
135000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
27447000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
110000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18565000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
23000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
17435000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
15022000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
86134000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
192815000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
268000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
35060000 USD
CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
8000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
157755000 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
260000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23666000 USD
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
129000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
134089000 USD
CY2020Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
131000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due Remainder Of Fiscal Year Gross
OperatingLeasesFutureMinimumPaymentsDueRemainderOfFiscalYearGross
26379000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsRemainderOfFiscalYear
362000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due Gross Total
OperatingLeasesFutureMinimumPaymentsDueGrossTotal
132994000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
26017000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due In Year One Gross
OperatingLeasesFutureMinimumPaymentsDueInYearOneGross
23531000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Due In Year One
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsDueInYearOne
77000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
23454000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due In Year Two Gross
OperatingLeasesFutureMinimumPaymentsDueInYearTwoGross
21621000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Due In Year Two
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsDueInYearTwo
78000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
21543000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due In Year Three Gross
OperatingLeasesFutureMinimumPaymentsDueInYearThreeGross
10461000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Due In Year Three
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsDueInYearThree
20000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
10441000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due In Year Four Gross
OperatingLeasesFutureMinimumPaymentsDueInYearFourGross
9180000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Due In Year Four
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsDueInYearFour
0 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
9180000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due After Year Four Gross
OperatingLeasesFutureMinimumPaymentsDueAfterYearFourGross
41822000 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Due After Year Four
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsDueAfterYearFour
0 USD
CY2019Q3 uti Operating Leases Future Minimum Payments Due After Four Years
OperatingLeasesFutureMinimumPaymentsDueAfterFourYears
41822000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
537000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
132457000 USD
CY2020 uti Operating Leases Rent Expense Paid To Related Parties
OperatingLeasesRentExpensePaidToRelatedParties
2000000.0 USD
CY2020 uti Minimum Annual Rent Increase
MinimumAnnualRentIncrease
0.04
CY2012Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4000000.0 USD
CY2012Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.28
CY2019Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4338000 USD
CY2018Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4206000 USD
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
261000 USD
CY2019 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
267000 USD
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4494000 USD
CY2019Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4338000 USD
CY2020Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
12471000 USD
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
10033000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
28053000 USD
CY2019Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
22230000 USD
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11367000 USD
CY2019Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13615000 USD
CY2020Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
51891000 USD
CY2019Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
45878000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-11250000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-2000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-125000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
303000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
205000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-78000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-10947000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
203000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-203000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
345000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2878000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.245
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
66000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
345000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2812000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10602000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
203000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3015000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-545000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1610000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-8746000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
246000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
165000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-12000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
12645000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-6135000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1514000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-7066000 USD
CY2020 uti Effective Income Tax Rate Reconciliation Net Operating Loss Carryback Amount
EffectiveIncomeTaxRateReconciliationNetOperatingLossCarrybackAmount
-4270000 USD
CY2019 uti Effective Income Tax Rate Reconciliation Net Operating Loss Carryback Amount
EffectiveIncomeTaxRateReconciliationNetOperatingLossCarrybackAmount
0 USD
CY2018 uti Effective Income Tax Rate Reconciliation Net Operating Loss Carryback Amount
EffectiveIncomeTaxRateReconciliationNetOperatingLossCarrybackAmount
0 USD
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
102000 USD
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
134000 USD
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
164000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10602000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
203000 USD
CY2020Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
2665000 USD
CY2020Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
0 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3015000 USD
CY2020Q3 uti Deferred Tax Assets Operating Lease Right Of Use Asset
DeferredTaxAssetsOperatingLeaseRightOfUseAsset
40515000 USD
CY2019Q3 uti Deferred Tax Assets Operating Lease Right Of Use Asset
DeferredTaxAssetsOperatingLeaseRightOfUseAsset
0 USD
CY2020Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
802000 USD
CY2019Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
1449000 USD
CY2020Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
3940000 USD
CY2019Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
2432000 USD
CY2020Q3 uti Deferred Tax Assets Tax Deferred Expense Accrued Tool Sets
DeferredTaxAssetsTaxDeferredExpenseAccruedToolSets
831000 USD
CY2019Q3 uti Deferred Tax Assets Tax Deferred Expense Accrued Tool Sets
DeferredTaxAssetsTaxDeferredExpenseAccruedToolSets
694000 USD
CY2019Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
1884000 USD
CY2020Q3 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
4406000 USD
CY2019Q3 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
4324000 USD
CY2019Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
3024000 USD
CY2020Q3 uti Deferred Tax Assets Financing Obligation
DeferredTaxAssetsFinancingObligation
0 USD
CY2019Q3 uti Deferred Tax Assets Financing Obligation
DeferredTaxAssetsFinancingObligation
10178000 USD
CY2020Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6729000 USD
CY2019Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
12639000 USD
CY2020Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
293000 USD
CY2019Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
205000 USD
CY2020Q3 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
1527000 USD
CY2019Q3 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
1234000 USD
CY2020Q3 uti Deferred Tax Assets Deductions Limited By Section382
DeferredTaxAssetsDeductionsLimitedBySection382
764000 USD
CY2019Q3 uti Deferred Tax Assets Deductions Limited By Section382
DeferredTaxAssetsDeductionsLimitedBySection382
670000 USD
CY2020Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
17449000 USD
CY2019Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
25673000 USD
CY2020Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
45023000 USD
CY2019Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
13060000 USD
CY2020Q3 uti Deferred Tax Liabilities Operating Lease Liability
DeferredTaxLiabilitiesOperatingLeaseLiability
37083000 USD
CY2019Q3 uti Deferred Tax Liabilities Operating Lease Liability
DeferredTaxLiabilitiesOperatingLeaseLiability
0 USD
CY2020Q3 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
2056000 USD
CY2019Q3 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
2056000 USD
CY2020Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
5547000 USD
CY2019Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
10470000 USD
CY2020Q3 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1011000 USD
CY2019Q3 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
863000 USD
CY2020Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
45697000 USD
CY2019Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
13389000 USD
CY2020Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
674000 USD
CY2019Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
329000 USD
CY2020Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
17400000 USD
CY2019Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
25700000 USD
CY2019Q3 uti Operating Loss Carryback Cares Act
OperatingLossCarrybackCARESAct
20300000 USD
CY2020 uti Deferred Compensation Arrangement Maximum Contribution Per Employee Percentage Of Regular Compensation
DeferredCompensationArrangementMaximumContributionPerEmployeePercentageOfRegularCompensation
0.75
CY2018Q3 uti Operating Loss Carryback Cares Act
OperatingLossCarrybackCARESAct
13000000.0 USD
CY2018 uti Proceeds From Income Tax Refunds Cares Act
ProceedsFromIncomeTaxRefundsCARESAct
11300000 USD
uti Proceeds From Income Tax Refunds Cares Act
ProceedsFromIncomeTaxRefundsCARESAct
11300000 USD
CY2020 uti Proceeds From Income Tax Refunds Cares Act
ProceedsFromIncomeTaxRefundsCARESAct
4200000 USD
CY2020Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
7100000 USD
CY2015Q2 uti Licensing Agreement Initial Term
LicensingAgreementInitialTerm
P4Y
CY2015Q2 uti Licensing Agreement Number Of Renewal Options
LicensingAgreementNumberOfRenewalOptions
3 option
CY2015Q2 uti Licensing Agreement Term
LicensingAgreementTerm
P7Y
CY2015Q2 uti Licensing Agreement Term
LicensingAgreementTerm
P7Y
CY2020 uti Maximum License Costs Over Term
MaximumLicenseCostsOverTerm
2300000 USD
CY2020Q3 uti Net Prepaid Expenses From Excess Of Credits Earned Over Credits Used
NetPrepaidExpensesFromExcessOfCreditsEarnedOverCreditsUsed
5500000 USD
CY2019Q3 uti Net Prepaid Expenses From Excess Of Credits Earned Over Credits Used
NetPrepaidExpensesFromExcessOfCreditsEarnedOverCreditsUsed
6400000 USD
CY2020Q3 uti Accrued Tool Sets
AccruedToolSets
3100000 USD
CY2019Q3 uti Accrued Tool Sets
AccruedToolSets
2600000 USD
CY2020Q3 uti Liability To Vendor For Vouchers Redeemed By Students
LiabilityToVendorForVouchersRedeemedByStudents
1900000 USD
CY2019Q3 uti Liability To Vendor For Vouchers Redeemed By Students
LiabilityToVendorForVouchersRedeemedByStudents
2100000 USD
CY2020 uti Deferred Compensation Arrangement Maximum Contribution Per Employee Percentage Of Incentive Compensation
DeferredCompensationArrangementMaximumContributionPerEmployeePercentageOfIncentiveCompensation
1
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
210000 shares
CY2020 uti Deferred Compensation Arrangement With Individual Maximum Annual Deferrals Of Cash Compensation Per Individual Percent
DeferredCompensationArrangementWithIndividualMaximumAnnualDeferralsOfCashCompensationPerIndividualPercent
1
CY2020 uti Deferred Compensation Arrangement With Individual Vesting Period
DeferredCompensationArrangementWithIndividualVestingPeriod
P5Y
CY2020Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
3000000.0 USD
CY2019Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
4300000 USD
CY2020Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
3300000 USD
CY2019Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
4800000 USD
CY2020Q3 uti Common Stock Shareholder Number Of Votes
CommonStockShareholderNumberOfVotes
1 vote
CY2016Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1200000 USD
CY2020 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
5300000 USD
CY2019 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
5300000 USD
CY2020Q3 uti Ownership Number Of Affiliated Holders
OwnershipNumberOfAffiliatedHolders
6 holder
CY2020Q3 uti Ownership Number Of Unaffiliated Holders
OwnershipNumberOfUnaffiliatedHolders
12 holder
CY2020Q3 uti Affiliated Holder Preferred Stock Convertible Conversion Cap
AffiliatedHolderPreferredStockConvertibleConversionCap
P180D
CY2020Q3 uti Preferred Stock Convertible Volume Weighted Average Price Rate
PreferredStockConvertibleVolumeWeightedAveragePriceRate
2.5
CY2020 uti Preferred Stock Convertible Consecutive Trading Days
PreferredStockConvertibleConsecutiveTradingDays
20 day
CY2020 uti Preferred Stock Convertible Conversion Cap
PreferredStockConvertibleConversionCap
P120D
CY2020 uti Preferred Stock Convertible Notice Of Conversion
PreferredStockConvertibleNoticeOfConversion
P10D
CY2020Q3 uti Preferred Stock Convertible Volume Weighted Average Price Rate
PreferredStockConvertibleVolumeWeightedAveragePriceRate
2.5
CY2020 uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
1609000 USD
CY2019 uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
-13118000 USD
CY2018 uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
-37932000 USD
CY2020 uti Preferred Stock Convertible Notice Of Conversion
PreferredStockConvertibleNoticeOfConversion
P10D
CY2020Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
49200000 USD
CY2011Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
25000000.0 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1677570 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
9.09
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
15300000 USD
CY2020Q3 uti Share Based Payment Arrangement Number Of Plans
ShareBasedPaymentArrangementNumberOfPlans
2 plan
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2077000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1440000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1864000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
519000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
360000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
466000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
210000 shares
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
0 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
0 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
210000 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.14
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
0 shares
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.14
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M8D
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
483000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
0 shares
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
210000 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.14
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y2M4D
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
407000 USD
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
210000 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
3.14
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y2M4D
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
407000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
8008000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-7868000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-32682000 USD
CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5264000 USD
CY2019 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5250000 USD
CY2018 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5250000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2744000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13118000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-37932000 USD
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1135000 USD
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2017Q4 uti Financing Obligation Deprecation And Amortization
FinancingObligationDeprecationAndAmortization
1400000 USD
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29812000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25438000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25115000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.52
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.51
CY2020 uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
1609000 USD
CY2019 uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
-13118000 USD
CY2018 uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
-37932000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29812000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25438000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25115000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
301000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30113000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25438000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25115000 shares
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.52
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.51
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21035000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21754000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21355000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
51134000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
46971000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
46382000 shares
CY2018 uti Total Depreciationand Amortization
TotalDepreciationandAmortization
15688000 USD
CY2019 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1000000.0 USD
CY2020 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1000000.0 USD
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1000000.0 USD
CY2020Q3 uti Institutional Funds Cares Act
InstitutionalFundsCARESAct
13900000 USD
CY2020 uti Total Institutional Funds Spent Cares Act
TotalInstitutionalFundsSpentCARESAct
15700000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
300761000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-3871000 USD
CY2020 uti Total Depreciationand Amortization
TotalDepreciationandAmortization
11804000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
8008000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
331504000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
-7802000 USD
CY2019 uti Total Depreciationand Amortization
TotalDepreciationandAmortization
15904000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-7868000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
316965000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
-35275000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-32682000 USD
CY2020Q3 us-gaap Assets
Assets
441981000 USD
CY2019Q3 us-gaap Assets
Assets
270526000 USD
CY2020 uti Financing Obligation Deprecation And Amortization
FinancingObligationDeprecationAndAmortization
1300000 USD
CY2018Q4 uti Financing Obligation Deprecation And Amortization
FinancingObligationDeprecationAndAmortization
1400000 USD
CY2020 uti Percentage Of Cash Basis Revenue Collected From Funds Distributed Under Title Iv Programs
PercentageOfCashBasisRevenueCollectedFromFundsDistributedUnderTitleIvPrograms
0.66
CY2020 uti Percentageof Cash Basis Revenue Collectedfrom Funds Distributed Under Veterans Benefits Programs
PercentageofCashBasisRevenueCollectedfromFundsDistributedUnderVeteransBenefitsPrograms
0.17
CY2020Q3 uti Relief Funds To Be Distributed Cares Act
ReliefFundsToBeDistributedCARESAct
14000000000.0 USD
CY2020Q3 uti Relief Funds To Be Distributed Formula Based Amount Cares Act
ReliefFundsToBeDistributedFormulaBasedAmountCARESAct
12560000000 USD
CY2020Q2 uti Amount Granted Cares Act
AmountGrantedCARESAct
33000000.0 USD
CY2020Q2 uti Proceeds Received Cares Act
ProceedsReceivedCARESAct
16500000 USD
CY2020Q3 uti Grants Awarded To Students Amount Cares Act
GrantsAwardedToStudentsAmountCARESAct
16500000 USD
CY2020Q3 uti Number Of Students Awarded Grants Cares Act
NumberOfStudentsAwardedGrantsCARESAct
9000 student
CY2020Q2 uti Amount Received To Offset Costs Cares Act
AmountReceivedToOffsetCostsCARESAct
16500000 USD
CY2020Q2 uti Number Of Campuses In Person Labs Resumed
NumberOfCampusesInPersonLabsResumed
8 campus
CY2020Q2 uti Number Of Campuses In Person Labs Resumed
NumberOfCampusesInPersonLabsResumed
4 campus
uti Sanitization Supplies Partitions Labor Hours And Other Related Expenses
SanitizationSuppliesPartitionsLaborHoursAndOtherRelatedExpenses
15100000 USD
CY2020 uti Sanitization Supplies Partitions Labor Hours And Other Related Expenses
SanitizationSuppliesPartitionsLaborHoursAndOtherRelatedExpenses
15100000 USD
CY2020 uti Sanitization Supplies Partitions Labor Hours And Other Related Expenses
SanitizationSuppliesPartitionsLaborHoursAndOtherRelatedExpenses
15100000 USD
CY2020 uti Institutional Funds Additional Emergency Grants Cares Act
InstitutionalFundsAdditionalEmergencyGrantsCARESAct
600000 USD
CY2020 uti Total Institutional Funds Spent Cares Act
TotalInstitutionalFundsSpentCARESAct
15700000 USD
CY2020Q3 us-gaap Grants Receivable
GrantsReceivable
2700000 USD
CY2020Q3 uti Receivable Cares Act
ReceivableCARESAct
800000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87234000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
82717000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
54483000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
76327000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
300761000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
4254000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-499000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-13779000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
6153000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-3871000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
4684000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
10142000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-13268000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
6450000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
8008000 USD
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.45
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.45
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
83050000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
81746000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
79042000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87666000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
331504000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-7205000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-5580000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-455000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
5438000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
-7802000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-7717000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-5263000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-365000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
5477000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-7868000 USD
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.36
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.52
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.36
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.52

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