Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.7.0.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]    
Revenue $ 89,196 $ 87,161
Operating costs and expenses:    
Direct course expenses 47,843 48,201
Advertising and sales expenses 19,484 20,293
Royalty expenses 4,341 5,446
General and administrative expenses 15,055 16,317
Total operating costs and expenses 86,723 90,257
Income (loss) from operations 2,473 (3,096)
Other income (expense):    
Interest income (expense), net (5) (7)
Other income, net 472 392
Total other income 467 385
Income (loss) before income taxes 2,940 (2,711)
Income tax benefit/(expense) 941 (15)
Net income (loss) $ 3,881 $ (2,726)
Basic earnings (loss) per common share $ 0.18 $ (0.13)
Diluted earnings (loss) per common share $ 0.17 $ (0.13)
Basic weighted average common shares outstanding 21,092 20,910
Diluted weighted average common shares outstanding 22,133 20,910
Comprehensive income (loss):    
Net income (loss) $ 3,881 $ (2,726)
Foreign currency translation adjustments 988 1,310
Total comprehensive income (loss) $ 4,869 $ (1,416)