Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income

v3.8.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]    
Revenue $ 97,730 $ 89,196
Operating costs and expenses:    
Direct course expenses 53,972 47,843
Advertising and sales expenses 19,790 19,484
Royalty expenses 4,746 4,341
General and administrative expenses 17,408 15,055
Total operating costs and expenses 95,916 86,723
Income from operations 1,814 2,473
Other income (expense):    
Interest expense (9) (5)
Other income (expense), net 4,480 472
Total other income (expense), net 4,471 467
Income before income taxes 6,285 2,940
Income tax (expense) benefit (1,989) 941
Net income $ 4,296 $ 3,881
Basic earnings per common share $ 0.19 $ 0.18
Diluted earnings per common share $ 0.18 $ 0.17
Basic weighted average common shares outstanding 21,510,000 21,092,000
Diluted weighted average common shares outstanding 22,857 22,133,000
Comprehensive income:    
Net income $ 4,296 $ 3,881
Foreign currency translation adjustment, net of tax of $0 (3,113) 988
Total comprehensive income $ 1,183 $ 4,869