Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)

v2.4.1.9
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Income Statement [Abstract]    
Revenue $ 21,743us-gaap_Revenues $ 26,639us-gaap_Revenues
Operating costs and expenses:    
Direct course expenses 11,534us-gaap_DirectOperatingCosts 11,667us-gaap_DirectOperatingCosts
Advertising and sales expenses 5,157us-gaap_SellingAndMarketingExpense 5,601us-gaap_SellingAndMarketingExpense
Royalty expenses 1,201us-gaap_RoyaltyExpense 2,191us-gaap_RoyaltyExpense
General and administrative expenses 4,562us-gaap_GeneralAndAdministrativeExpense 3,826us-gaap_GeneralAndAdministrativeExpense
Total operating costs and expenses 22,454us-gaap_OperatingCostsAndExpenses 23,285us-gaap_OperatingCostsAndExpenses
Income (loss) from operations (711)us-gaap_OperatingIncomeLoss 3,354us-gaap_OperatingIncomeLoss
Other income (expense):    
Litigation settlement    1,300us-gaap_LitigationSettlementAmount
Interest income    2us-gaap_InterestIncomeOther
Interest expense (2)us-gaap_InterestExpense (29)us-gaap_InterestExpense
Other income, net 113us-gaap_OtherNonoperatingIncomeExpense 122us-gaap_OtherNonoperatingIncomeExpense
Total other income 111us-gaap_NonoperatingIncomeExpense 1,395us-gaap_NonoperatingIncomeExpense
Income (loss) before income taxes (600)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 4,749us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense (11)us-gaap_IncomeTaxExpenseBenefit (13)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) (611)us-gaap_NetIncomeLoss 4,736us-gaap_NetIncomeLoss
Basic and diluted earnings (loss) per common share $ (0.03)us-gaap_EarningsPerShareBasicAndDiluted $ 0.3us-gaap_EarningsPerShareBasicAndDiluted
Basic and diluted weighted average common shares outstanding 20,001us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 15,936us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Comprehensive income:    
Net income (loss) (611)us-gaap_NetIncomeLoss 4,736us-gaap_NetIncomeLoss
Foreign currency translation adjustment 1,028us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent 42us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
Total comprehensive income $ 417us-gaap_ComprehensiveIncomeNetOfTax $ 4,778us-gaap_ComprehensiveIncomeNetOfTax