Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Revenue $ 23,375 $ 22,636 $ 46,113 $ 44,379
Operating costs and expenses:        
Direct course expenses 12,584 12,446 24,238 23,980
Advertising and sales expenses 5,322 5,413 10,589 10,570
Royalty expenses 1,070 1,634 2,043 2,835
General and administrative expenses 3,685 4,269 7,744 8,831
Total operating costs and expenses 22,661 23,762 44,614 46,216
Income (loss) from operations 714 (1,126) 1,499 (1,837)
Other income (expense):        
Interest income (expense), net 1 (1) (2) (3)
Other income, net 319 158 140 271
Total other income 320 157 138 268
Income (loss) before income taxes 1,034 (969) 1,637 (1,569)
Income tax expense (9) (10) (19) (21)
Net income (loss) $ 1,025 $ (979) $ 1,618 $ (1,590)
Basic earnings (loss) per common share $ 0.05 $ (0.05) $ 0.08 $ (0.08)
Diluted earnings (loss) per common share $ 0.04 $ (0.05) $ 0.07 $ (0.08)
Basic weighted average common shares outstanding 20,961 20,193 20,961 20,096
Diluted weighted average common shares outstanding 21,846 20,193 21,846 20,096
Comprehensive income (loss):        
Net income (loss) $ 1,025 $ (979) $ 1,618 $ (1,590)
Foreign currency translation adjustments 1,474 (1,144) 1,959 (116)
Total comprehensive income (loss) $ 2,499 $ (2,123) $ 3,577 $ (1,706)