Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)

v3.4.0.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Revenue $ 22,738 $ 21,743
Operating costs and expenses:    
Direct course expenses 11,654 11,534
Advertising and sales expenses 5,267 5,157
Royalty expenses 973 1,201
General and administrative expenses 4,059 4,562
Total operating costs and expenses 21,953 22,454
Income (loss) from operations 785 (711)
Other income (expense):    
Interest expense, net (3) (2)
Other income (expense), net (179) 113
Total other income (expense) (182) 111
Income (loss) before income taxes 603 (600)
Income tax expense (10) (11)
Net income (loss) $ 593 $ (611)
Basic earnings (loss) per common share $ 0.03 $ (0.03)
Diluted earnings (loss) per common share $ 0.03 $ (0.03)
Basic weighted average common shares outstanding 20,961 20,001
Diluted weighted average common shares outstanding 21,846 20,001
Comprehensive income:    
Net income (loss) $ 593 $ (611)
Foreign currency translation adjustments 485 1,028
Total comprehensive income $ 1,078 $ 417