Quarterly report pursuant to Section 13 or 15(d)

Restatements (Details 1)

v3.8.0.1
Restatements (Details 1) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Revenue $ 26,208 $ 23,375 $ 48,173 $ 46,113
Operating costs and expenses:        
Direct course expenses 13,220 12,584 26,083 24,238
Advertising and sales expenses 5,131 5,322 9,722 10,589
Royalty expenses 1,639 1,070 2,532 2,043
General and administrative expenses 4,231 3,685 8,572 7,744
Total operating costs and expenses 24,221 22,661 46,909 44,614
Income from operations 1,987 714 1,264 1,499
Other income (expense):        
Interest income (expense), net (2) 1 (5) (2)
Other income, net 69 319 152 140
Total other income (expense), net 67 320 147 138
Income before income taxes 2,054 1,034 1,411 1,637
Income tax benefit/(expense) (107) (9) 226 (19)
Net income $ 1,947 $ 1,025 $ 1,637 $ 1,618
Basic earnings per common share $ 0.09 $ 0.05 $ 0.07 $ 0.08
Diluted earnings per common share $ 0.08 $ 0.04 $ 0.07 $ 0.07
Basic weighted average common shares outstanding 21,284 20,961 21,284 20,961
Diluted weighted average common shares outstanding 22,763 21,846 22,697 21,846
Comprehensive income/(loss):        
Net income $ 1,947 $ 1,025 $ 1,637 $ 1,618
Foreign currency translation adjustments, net of tax of $0 (980) 1,474 (1,278) 1,959
Total comprehensive income (loss) 967 $ 2,499 359 $ 3,577
As Previously Reported [Member]        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Revenue 24,780   47,595  
Operating costs and expenses:        
Direct course expenses 13,007   25,836  
Advertising and sales expenses 5,131   9,722  
Royalty expenses 1,639   2,532  
General and administrative expenses 4,231   8,572  
Total operating costs and expenses 24,008   46,662  
Income from operations 772   933  
Other income (expense):        
Interest income (expense), net (2)   (5)  
Other income, net 69   152  
Total other income (expense), net 67   147  
Income before income taxes 839   1,080  
Income tax benefit/(expense) 156   135  
Net income $ 995   $ 1,215  
Basic earnings per common share $ 0.04   $ 0.05  
Diluted earnings per common share $ 0.04   $ 0.05  
Basic weighted average common shares outstanding 21,284   21,284  
Diluted weighted average common shares outstanding 22,763   22,697  
Comprehensive income/(loss):        
Net income $ 995   $ 1,215  
Foreign currency translation adjustments, net of tax of $0 (980)   (1,278)  
Total comprehensive income (loss) 15   (63)  
Restatement Adjustment [Member]        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Revenue 1,428   578  
Operating costs and expenses:        
Direct course expenses 213   247  
Advertising and sales expenses 0   0  
Royalty expenses 0   0  
General and administrative expenses 0   0  
Total operating costs and expenses 213   247  
Income from operations 1,215   331  
Other income (expense):        
Interest income (expense), net 0   0  
Other income, net    
Total other income (expense), net 0   0  
Income before income taxes 1,215   331  
Income tax benefit/(expense) (263)   91  
Net income $ 952   $ 422  
Basic earnings per common share $ 0.05   $ 0.02  
Diluted earnings per common share $ 0.04   $ 0.02  
Basic weighted average common shares outstanding 0   0  
Diluted weighted average common shares outstanding 0   0  
Comprehensive income/(loss):        
Net income $ 952   $ 422  
Foreign currency translation adjustments, net of tax of $0    
Total comprehensive income (loss) $ 952   $ 422