Profits and stock price increase as STRA makes cuts: someone's making a ton of money......
Student Enrollment
•Total enrollment at Strayer University for the 2014 winter term decreased 14% to 41,098 students compared to 47,926 students for the same term in 2013.
•Across the Strayer University campus and online system, new student enrollments decreased 2% while continuing student enrollments decreased 17%.
Restructuring update
As previously announced, Strayer University implemented a restructuring during the fourth quarter of 2013. This restructuring, which resulted in a charge of approximately $55 million in the fourth quarter, is expected to reduce annual operating expenses by an estimated $50 million beginning in 2014. Approximately $6 million of the charge reduced cash flow from operating activities in the fourth quarter.