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Selected
Financial Data

Year ended December 31,

1996

1996

1995

1994

1993

1992

Revenue

 

$58,909,388

$44,154,367

$44,154,367

$34,371,501

$32,594,386

$33,497,877

School operating profit

 

9,830,659

8,245,883

8,245,883

6,210,964

6,051,499

6,462,090

Net income after extraordinary item

 

2,462,892

1,498,781

3,843,886

2,339,766

1,708,017

1,805,166

Net income available to common stockholder

 

2,354,473

1,314,667

3,659,772

2,141,211

1,601,331

1,805,166

Primary earnings per share after extraordinary item

$ 0.34

$ 0.24

$ 0.68

$ 0.53

$ 0.40

$ 0.48

Fully diluted earnings per share after extraordinary item

$ 0.34

$ 0.24

$ 0.63

$ 0.46

$ 0.38

$ 0.48

Common shares outstanding

 

5,831,055

4,095,094

4,095,094

3,861,266

3,864,516

3,854,516

Weighted average number of shares and common stock equivalents

6,961,079

5,398,731

5,398,731

4,019,675

3,974,156

3,499,291

Fully diluted weighted average number of shares and common stock equivalents

7,262,783

6,129,121

6,129,121

5,037,002

4,395,973

3,499,291

AT YEAR END

Total current assets

 

$ 8,278,133

$ 7,112,041

$ 2,319,660

$ 2,436,892

$ 1,967,906

Total assets

 

56,833,488

44,937,340

23,233,993

22,612,527

24,225,986

Total current liabilities

 

9,629,118

7,943,083

6,516,618

5,550,874

5,964,254

Long-term obligations

 

14,225,154

20,271,195

7,846,151

12,544,532

17,733,477

Stockholders-equity

 

32,323,440

16,120,670

8,298,305

3,731,782

(278,869)

* The pro forma earnings results for the year ended December 31, 1995 assume an income tax expense at the 1996 equivalent rate.