Lincoln Educational Services Corp.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 345,024 382,773 456,722 604,762
Cost of Revenue 172,685 180,610 196,639 227,331
Gross Profit 172,339 202,163 260,083 377,431
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 178,494 191,033 216,846 257,621
Non-Recurring Items 3,908 25,221 8,290 4,850
Other - - - -
Operating Income (9,557) (14,016) 34,943 114,974
Income From Continuing Operations
Add'l Income/Expense Items 561 91 31 89
Earnings Before Interest and Tax (9,502) (14,000) 34,978 115,049
Interest Expense 4,667 4,475 4,369 4,523
Earnings Before Tax (14,169) (18,475) 30,609 110,526
Income Tax 19,591 (2,791) 13,053 44,839
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (33,760) (15,684) 17,556 65,687
Non Recurring Events
Discontinued Operations (17,526) (21,502) (16) 4,044
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (51,286) (37,186) 17,540 69,731
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (51,286) (37,186) 17,540 69,731