National American University (NAUH) 10-Q 4 Oct 13 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Aug. 31, 2013	Sep. 30, 2013
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Aug-13
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Trading Symbol	NAUH
Entity Registrant Name	National American University Holdings, Inc.
Entity Central Index Key	1399855
Current Fiscal Year End Date	-26
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		25,085,074

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheet (USD $)	Aug. 31, 2013	31-May-13
In Thousands, unless otherwise specified
CURRENT ASSETS:
Cash and cash equivalents	$8,742	$11,130
Available for sale investments	23,235	20,748
Student receivables-net of allowance of $689 and $870 at August 31, 2013 and May 31, 2013, respectively	2,867	3,628
Other receivables	519	722
Income tax receivable	355	122
Deferred income taxes	1,279	1,353
Prepaid and other current assets	1,356	841
Total current assets	38,353	38,544
Total property and equipment-net	43,858	44,944
OTHER ASSETS:
Condominium inventory	1,257	1,778
Land held for future development	312	312
Course development-net of accumulated amortization of $2,154 and $2,066 at August 31, 2013 and May 31, 2013, respectively	1,125	1,107
Other	1,373	1,397
Assets, Noncurrent, Total	4,067	4,594
TOTAL	86,278	88,082
CURRENT LIABILITIES:
Current portion of capital lease payable	73	66
Accounts payable	4,567	5,403
Dividends payable	1,131	1,004
Student accounts payable	1,236	1,067
Deferred income	215	195
Accrued and other liabilities	6,747	6,966
Total current liabilities	13,969	14,701
DEFERRED INCOME TAXES	5,600	5,720
OTHER LONG-TERM LIABILITIES	6,549	6,479
CAPITAL LEASE PAYABLE, NET OF CURRENT PORTION	10,374	10,394
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY:
Common stock, $0.0001 par value (50,000,000 authorized; 28,138,905 issued and 25,085,074 outstanding as of August 31, 2013; 28,090,269 issued and 25,047,086 outstanding as of May 31, 2013	3	3
Additional paid-in capital	58,193	57,656
Retained earnings	11,153	12,610
Treasury stock, at cost (3,053,831 shares at August 31, 2013 and 3,043,183 at May 31, 2013)	-19,399	-19,359
Accumulated other comprehensive income, net of taxes-unrealized gain on available for sale securities	2	7
Total National American University Holdings, Inc. stockholders' equity	49,952	50,917
Non-controlling interest	-166	-129
Total equity	49,786	50,788
TOTAL	$86,278	$88,082

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheet (Parenthetical) (USD $)	Aug. 31, 2013	31-May-13
In Thousands, except Share data, unless otherwise specified
Allowance for student receivables	$689	$870
Accumulated amortization of course development	$2,154	$2,066
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	28,138,905	28,090,269
Common stock, shares outstanding	25,085,074	25,047,086
Treasury stock, shares	3,053,831	3,043,183

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Aug. 31, 2013	Aug. 31, 2012
REVENUE:
Academic revenue	$27,650	$26,477
Auxiliary revenue	2,772	2,699
Rental income-apartments	287	274
Condominium sales	220	0
Total revenue	30,929	29,450
OPERATING EXPENSES:
Cost of educational services	7,005	7,135
Selling, general and administrative	22,222	20,421
Auxiliary expense	1,970	1,843
Cost of condominium sales	191	0
(Gain) loss on disposition of property	-97	73
Total operating expenses	31,291	29,472
OPERATING LOSS	-362	-22
OTHER INCOME (EXPENSE):
Interest income	26	31
Interest expense	-252	-253
Other income-net	44	35
Total other expense	-182	-187
LOSS BEFORE INCOME TAXES	-544	-209
INCOME TAX BENEFIT	178	58
NET LOSS	-366	-151
NET LOSS (INCOME) ATTRIBUTABLE TO NON-CONTROLLING INTEREST	37	-13
NET LOSS ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC. AND SUBSIDIARIES	-329	-164
OTHER COMPREHENSIVE LOSS-Unrealized losses on investments, net of tax	-5	-22
COMPREHENSIVE LOSS ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC.	($334)	($186)
Basic net loss attributable to National American University Holdings, Inc.	($0.01)	($0.01)
Diluted net loss attributable to National American University Holdings, Inc.	($0.01)	($0.01)
Basic weighted average shares outstanding	25,056,382	25,574,478
Diluted weighted average shares outstanding	25,056,382	25,574,478

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Stockholders' Equity (USD $)	Total	Common Stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income	Treasury stock	Non-controlling interest
In Thousands
Beginning Balance at May. 31, 2012	$50,712	$3	$57,203	$11,239	$25	($17,589)	($169)
Share based compensation expense	79	0	79	0	0	0	0
Dividends declared	-1,024	0	0	-1,024	0	0	0
Net loss	-151	0	0	-164	0	0	13
Other comprehensive loss, net of tax	-22	0	0	0	-22	0	0
Ending Balance at Aug. 31, 2012	49,594	3	57,282	10,051	3	-17,589	-156
Beginning Balance at May. 31, 2013	50,788	3	57,656	12,610	7	-19,359	-129
Purchase of shares common stock for the treasury	-40	0	0	0	0	-40	0
Share based compensation expense	537	0	537	0	0	0	0
Dividends declared	-1,128	0	0	-1,128	0	0	0
Net loss	-366	0	0	-329	0	0	-37
Other comprehensive loss, net of tax	-5	0	0	0	-5	0	0
Ending Balance at Aug. 31, 2013	$49,786	$3	$58,193	$11,153	$2	($19,399)	($166)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical)	3 Months Ended
	Aug. 31, 2013
Number of common shares for treasury	10,648

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2013	Aug. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($366)	($151)
Adjustments to reconcile net loss to net cash flows provided by operating activities:
Depreciation and amortization	1,551	1,351
(Gain) loss on disposition of property and equipment	-97	73
Provision for uncollectable tuition	734	1,365
Noncash compensation expense	537	79
Deferred income taxes	-46	580
Changes in assets and liabilities:
Accounts and other receivables	230	-2,417
Student notes	47	-18
Bookstore inventory	0	6
Condominium inventory	188	0
Prepaid and other current assets	-515	246
Accounts payable	-170	942
Deferred income	20	-15
Other long-term liabilities	70	36
Income tax receivable/payable	-233	-666
Accrued and other liabilities	-219	-734
Net cash flows provided by operating activities	1,731	677
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale investments	-13,491	-4,744
Proceeds from sale of available for sale investments	10,999	8,236
Purchases of property and equipment	-944	-2,453
Proceeds from sale of property and equipment	500	0
Payments received on contract for deed	2	0
Course development	-106	-81
Other	-25	-28
Net cash flows (used in) provided by investing activities	-3,065	930
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of capital lease payable	-13	-6
Purchase of treasury stock	-40	0
Dividends paid	-1,001	-832
Net cash flows used in financing activities	-1,054	-838
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	-2,388	769
CASH AND CASH EQUIVALENTS-Beginning of year	11,130	15,658
CASH AND CASH EQUIVALENTS-End of period	8,742	16,427
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:
Cash paid for income taxes	102	29
Cash paid for interest	251	253
Property & equipment purchases included in accounts payable	173	0
Dividends declared at August 31, 2013 and 2012	$1,128	$1,024

Statement_Presentation_And_Bas

Statement Presentation And Basis Of Consolidation	3 Months Ended
	Aug. 31, 2013
Statement Presentation And Basis Of Consolidation	1	STATEMENT PRESENTATION AND BASIS OF CONSOLIDATION
	The accompanying unaudited condensed financial statements are presented on a consolidated basis. The accompanying financial statements include the accounts of National American University Holdings, Inc. (the “Company”), its subsidiary, Dlorah, Inc. (“Dlorah”), and its divisions, National American University (“NAU” or the “University”), and Fairway Hills. The accompanying unaudited condensed consolidated financial statements have been prepared on a basis substantially consistent with the Company’s audited financial statements and in accordance with the requirements of the Securities and Exchange Commission (“SEC”) for interim financial reporting. As permitted under these rules, certain footnotes and other financial information that are normally required by accounting principles generally accepted in the United States (“U.S. GAAP”) can be condensed or omitted. The information in the condensed balance sheet as of May 31, 2013, was derived from the audited financial statements for the Company for the year then ended. These financial statements should be read in conjunction with the Company’s annual financial statements which were included in the Company’s 10-K filed on August 2, 2013. Furthermore, the results of operations and cash flows for the three months ended August 31, 2013 and 2012 are not necessarily indicative of the results that may be expected for the full year. These financial statements include consideration of subsequent events through the date of filing. All intercompany transactions and balances have been eliminated.
	In the opinion of management, the accompanying condensed consolidated financial statements contain all adjustments necessary for a fair presentation as prescribed by U.S. GAAP.
	Unless the context otherwise requires, the terms “we”, “us”, “our” and the “Company” used throughout this document refer to National American University Holdings, Inc. and its wholly owned subsidiary, Dlorah, Inc.
	Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts and disclosures reported in the financial statements. On an ongoing basis, the Company evaluates the estimates and assumptions, including those related to bad debts, income taxes and certain accruals. Actual results could differ from those estimates.

Nature_Of_Operations

Nature Of Operations	3 Months Ended
	Aug. 31, 2013
Nature Of Operations	2	NATURE OF OPERATIONS
	The Company’s common stock is listed as NAUH on The NASDAQ Global Market. The Company, through Dlorah, owns and operates National American University. NAU is a regionally accredited, proprietary, multi-campus institution of higher learning, offering associate, bachelor’s, master’s and doctoral degree programs in business-related disciplines, such as accounting, management, business administration and information technology, and in healthcare-related disciplines, such as nursing and healthcare management. Courses are offered through educational sites and online. In addition, in August 2013, NAU was approved by the Higher Learning Commission to offer an Education Doctorate (Ed.D) in Community College Leadership, which will be offered in Austin, Texas. Operations include educational sites (two of which are pending regulatory approvals –Houston, Texas and the Rouche Graduate Center in Austin, Texas) located in Colorado, Indiana, Kansas, Minnesota, Missouri, Nebraska, New Mexico, Oklahoma, Oregon, South Dakota and Texas; distance learning service centers in Indiana and Texas; and distance learning operations and central administration offices in Rapid City, South Dakota. A substantial portion of NAU’s academic income is dependent upon federal student financial aid programs, employer tuition assistance, and contracts to provide online course development, hosting and technical assistance to other educational institutions. To maintain eligibility for financial aid programs, NAU must comply with U.S. Department of Education requirements, including the maintenance of certain financial ratios.
	The Company, through Dlorah’s Fairway Hills real estate division, also manages apartment units and develops and sells multi-family residential real estate in the Rapid City, South Dakota area.
	For the three months ended August 31, 2013 and 2012, 89% and 90%, respectively, of the Company’s total revenues were derived from NAU’s academic revenue.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Aug. 31, 2013
Earnings Per Share	3	EARNINGS PER SHARE
	Basic earnings per share (“EPS”) is computed by dividing net income attributable to National American University Holdings, Inc. by the weighted average number of shares of common stock outstanding during the applicable period. Diluted earnings per share reflect the potential dilution that could occur assuming vesting, conversion or exercise of all dilutive unexercised options and restricted stock.
	The following is a reconciliation of the numerator and denominator for the basic and diluted EPS computations:
			Three months ended
			31-Aug
			2013			2012
	Numerator:
	Net income attributable to National American Universtiy Holdings, Inc.		$	(329	)	$	(164	)
	Denominator:
	Weighted average shares outstanding used to compute basic net income per common share			25,056,382			25,574,478
	Incremental shares issuable upon the assumed exercise of stock options			—			—
	Incremental shares issuable upon the assumed exercise of restricted shares			—			—
	Common shares used to compute diluted net income per share			25,056,382			25,574,478
	Basic net loss per common share		$	(0.01	)	$	(0.01	)
	Diluted net loss per common share		$	(0.01	)	$	(0.01	)
	A total of 76,942 and 389,794 shares of common stock subject to issuance upon exercise of stock options for the three months ended August 31, 2013 and 2012, respectively, have been excluded from the calculation of diluted EPS as the effect would have been anti-dilutive.

Recently_Adopted_And_New_Accou

Recently Adopted And New Accounting Pronouncements	3 Months Ended
	Aug. 31, 2013
Recently Adopted And New Accounting Pronouncements	4	RECENTLY ADOPTED AND NEW ACCOUNTING PRONOUNCEMENTS
	There are no new accounting pronouncements that are expected to have a significant impact on the Company’s consolidated financial statements.

Contract_For_Deed

Contract For Deed	3 Months Ended
	Aug. 31, 2013
Contract For Deed	5	CONTRACT FOR DEED
	The Company signed a contract for deed on its former Rapid City campus located at 321 Kansas City Street on March 28, 2013 for $4,000. Of this sales price, $20 was received as a down payment. The remaining $3,980 is being financed by the Company for three years at 5% interest. Annual interest payments are due each December 31. No principal payments are required until the expiration of the contract’s three-year term; however, any such payments received may result in removal of the lien on certain buildings included in the campus property.
	Because the buyer’s initial and continuing investment is not adequate in accordance with ASC 360-20-40, and the note receivable is not supported by specific evidence of collectability, the sale has not met the accounting requirements to be considered consummated. As such, the property remains on the condensed consolidated balance sheets and continues to be depreciated because the asset has not met the held for sale criteria, the note receivable has not been recorded, and interest income will be recognized as received. The sale will be recorded at such time the uncertainties surrounding the transaction are removed. For federal income tax purposes, the sale has been recognized. A portion of the taxable gain will be due for the year ended May 31, 2013, and the remaining portion will be payable as cash is received under the installment method.
	As part of the contract for deed, the University is leasing back the Animal Health building for $7 per month under a long-term lease agreement beginning June 1, 2013. The building is not considered a significant portion of the property sold. All rent due to the buyer will offset interest income payments due under the contract for deed.
	On July 8, 2013, the Company received $760 as payment on the contract for deed, to include $10 in interest and $500 toward the release of a lien on the dormitory buildings included in the campus property. As such, the dormitory buildings and land were deemed sold, resulting in a gain of $97. The remaining cash received of $250 is considered a non-refundable deposit at August 31, 2013.

Stockholders_Equity

Stockholders Equity	3 Months Ended
	Aug. 31, 2013
Stockholders Equity	6	STOCKHOLDERS’ EQUITY
	Stock-Based Compensation
	In December 2009, the Company adopted the 2009 Stock Option and Compensation Plan (the “Plan”) pursuant to which the Company may grant restricted stock awards, restricted stock units and stock options to aid in recruiting and retaining employees, officers, directors and other consultants. Restricted stock awards accrue dividends that are paid when the shares vest. Restricted stock unit awards do not accrue dividends prior to vesting. Grants are issued at prices determined by the compensation committee equal to the closing price of the stock on the date of the grant, vest over various terms (generally three years), and expire ten years from the date of the grant. The Plan allows vesting based upon performance criteria. Certain option and share awards provide for accelerated vesting if there is a change in control of the Company (as defined in the Plan). The fair value of stock options granted is calculated using the Black-Scholes option pricing model. Share options issued under the Plan may be incentive stock options or nonqualified stock options. At August 31, 2013, all stock options issued have been nonqualified stock options. A total of 1,300,000 shares were authorized by the Plan. Shares forfeited or canceled are eligible for reissuance under the Plan. At August 31, 2013, 877,312 shares of common stock remained available for issuance under the Plan.
	In April 2013, the Company’s Board of Directors recommended for shareholder approval at the October 2013 Shareholder Meeting the 2013 Restricted Stock Unit Plan (the “2013 Plan”) authorizing the issuance of up to 750,000 shares of the Company’s stock to participants in the 2013 Plan. The Company may grant restricted stock awards or restricted stock units to aid in recruiting and retaining employees, officers, directors and other consultants. Restricted stock awards accrue dividends that are paid when the shares vest. Restricted stock unit awards do not accrue dividends prior to vesting. Restricted stock grants are issued at prices determined by the compensation committee, generally equal to the closing price of the stock on the date of the grant and vest over various terms. At August 31, 2013, no shares of common stock remained available for issuance under the 2013 Plan.
	Restricted stock
	The fair value of restricted stock awards was calculated using the Company’s stock price as of the associated grant date, and the expense is accrued ratably over the vesting period of the award.
	During the quarter ended August 31, 2013, the Company issued 750,000 restricted stock units (“RSUs”) with performance based vesting under the 2013 Plan. Approval of the 2013 Plan at the October shareholder meeting is viewed as perfunctory. The number of shares to be earned will be determined by the Company’s profitability and other operating metrics during the year ending May 31, 2015. 446,500 RSU’s were issued with a grant date of June 1, 2013 and a grant date fair value of $3.78 per share. The total fair value of these RSU’s will be amortized over the two year service period.
	The remaining 303,500 RSUs were issued with a grant date of June 1, 2013 to certain holders of time based vesting stock options who surrendered a like number of stock options in exchange. This grant was accounted for as a modification of the original option awards. The incremental fair value at the time of the exchange of $890, calculated using the restricted stock unit grant date fair value of $3.78 per share, plus the remaining unamortized fair value associated with the options surrendered of $420, will be amortized over the two year service period of the RSUs.
	Compensation expense associated with restricted stock awards and restricted stock unit awards, respectively, totaled $12 and $375 for the quarter ended August 31, 2013. Total noncash compensation expense for the quarter ended August 31, 2013 included stock received by an executive of $150 that is unrestricted and without any vesting criteria. For the quarter ended August 31, 2012, compensation expense associated with restricted stock awards and restricted stock unit awards, respectively, totaled $7 and $17. At August 31, 2013, unamortized compensation cost of restricted stock and restricted stock unit awards totaled $2,625. The unamortized cost is expected to be recognized over a weighted-average period of 1.7 years as of August 31, 2013.
	A summary of restricted shares activity under the Plan as of August 31, 2013 and 2012, and changes during the three month periods then ended is presented below:
	Restricted Shares		Shares			Weighted Average
						Grant Date Fair
						Value
	Non-vested shares at May 31, 2013			13,442		$	4.46
	Granted			446,500			3.78
	Modified			303,500			4.31
	Vested			(9,783	)		4.6
	Forfeited			0			0
	Non-vested shares at August 31, 2013			753,659		$	4
	Restricted Shares		Shares			Weighted Average
						Grant Date Fair
						Value
	Non-vested shares at May 31, 2012			1,416		$	10.59
	Granted			59,132			4.6
	Vested			(1,416	)		10.59
	Forfeited			0			0
	Non-vested shares at August 31, 2012			59,132		$	4.6
	Stock options
	The Company accounts for stock option-based compensation by estimating the fair value of options granted using a Black-Scholes option valuation model. The Company recognizes the expense for grants of stock options on a straight-line basis in the statement of operations as operating expense based on their fair value over the requisite service period.
	There were no stock options issued in the quarter ended August 31, 2013. For stock options issued during the three months ended August 31, 2012, the following assumptions were used to determine fair value:
			August 31,
	Assumptions used:		2012
	Expected term (in years)			5.99
	Expected volatility			61.2	%
	Weighted average risk free interest rate			0.85	%
	Weighted average risk free interest rate range			0.80-0.85	%
	Weighted average expected dividend			2.87	%
	Weighted average expected dividend range			2.87	%
	Weighted average fair value		$	2.01
	The volatilities are based on historic volatilities from the traded shares of the Company over the past two and one-half years. The Company has analyzed the forfeitures of stock and option grants and has deemed the effect to be immaterial and therefore did not include a forfeiture rate in the expense calculation. The expected term of options granted is the safe harbor period. The risk-free interest rate for periods matching the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Expected dividend is based on the historic dividend of the Company.
	A summary of option activity under the Plan as of August 31, 2013 and 2012, and changes during the three month periods then ended is presented below:
	Stock Options		Shares			Weighted		Weighted		Aggregate
						average		average		intrinsic
						exercise		remaining		value
						price		contractual		$0
								life (in
								years)
	Outstanding at May 31, 2013			368,000		$	7.67
	Granted			0			0
	Exercised			0			0
	Modified			(303,500	)		7.46
	Forfeited or canceled			(1,000	)		9.35
	Outstanding at August 31, 2013			63,500		$	8.67		7.3	$	—
	Exercisable at August 31, 2013			60,000		$	8.91		7.2	$	—
	Stock Options		Shares			Weighted		Weighted		Aggregate
						average		average		intrinsic
						exercise		remaining		value
						price		contractual		$0
								life (in
								years)
	Outstanding at May 31, 2012			223,950		$	9.92
	Granted			156,800			4.6
	Exercised
	Forfeited or canceled			(4,000	)		9.35		—		—
Outstanding at August 31, 2012			376,750		$	7.71		9.1	$	—
Exercisable at August 31, 2012			141,781		$	9.56		8.2	$	—
On June 1, 2013, 303,500 stock options were exchanged for 303,500 performance vesting restricted stock units, as noted above in the restricted stock paragraphs of this footnote.
The Company recorded compensation expense for stock options of $5 and $55 for the three months ended August 31, 2013 and 2012, respectively, in the statements of operations. As of August 31, 2013 there was $6 of total unrecognized compensation cost related to unvested stock option based compensation arrangements granted under the Plan. The unamortized cost is expected to be recognized over a weighted-average period of 0.9 years as of August 31, 2013.
The Company plans to issue new shares as settlement of options as they are exercised.
Dividends
The following table presents details of the Company’s fiscal 2013 and 2012 dividend payments:
Date declared		Record date		Payment date	Per share
27-Aug-12		30-Sep-12		5-Oct-12	$	0.04
29-Oct-12		14-Dec-12		28-Dec-12	$	0.04
28-Jan-13		29-Mar-13		12-Apr-13	$	0.04
29-Apr-13		28-Jun-13		12-Jul-13	$	0.04
August, 2013		30-Sep-13		(est) October 11, 2013	$	0.045

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Aug. 31, 2013
Commitments and Contingencies	7	COMMITMENTS AND CONTINGENCIES
	From time to time, NAU is a party to various claims, lawsuits or other proceedings relating to the conduct of its business. Although the outcome of litigation cannot be predicted with certainty and some claims, lawsuits or other proceedings may be disposed of unfavorably, management believes, based on facts presently known, that the outcome of such legal proceedings and claims, lawsuits or other proceedings will not have a material effect on the Company’s consolidated financial position, cash flows or future results of operations.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	Aug. 31, 2013
Fair Value Measurements	8	FAIR VALUE MEASUREMENTS
	The following table summarizes certain information for assets and liabilities measured at fair value on a recurring basis, in thousands:
			Quoted		Other		Unobservable		Fair value
			prices in		observable		inputs
			active		inputs		(level  3)
			markets		(level 2)
			(level 1)
	August 31, 2013
	Investments
	CD’s and money market accounts			374	$	3,683	$	—	$	4,057
	US treasury bills and notes		$	19,310		—		—		19,310
	Total assets at fair value		$	19,684	$	3,683	$	—	$	23,367
	May 31, 2013
	Investments
	CD’s and money market accounts			1,860	$	2,190	$	—	$	4,050
	US treasury bills and notes		$	18,314		—		—		18,314
	Total assets at fair value		$	20,174	$	2,190	$	—	$	22,364
	Following is a summary of the valuation techniques for assets and liabilities recorded in the consolidated condensed balance sheets at fair value on a recurring basis:
	CD’s and money market accounts: Investments which have closing prices readily available from an active market are used as being representative of fair value. The Company classifies these investments as level 1. Market prices for certain CD’s are obtained from quoted prices for similar assets. The Company classifies these investments as level 2.
	U.S. treasury bills and notes: Closing prices are readily available from active markets and are used as being representative of fair value. The Company classifies these investments as level 1.
	Fair value of financial instruments: The Company’s financial instruments include cash and cash equivalents, CD’s and money market accounts, US treasury bills and notes, receivables, payables, and capital lease payables. The carrying values approximated fair values for cash and cash equivalents, receivables, and payables because of the short term nature of these instruments. CD’s and money market accounts, and treasury bills and notes are recorded at fair values as indicated in the preceding disclosures.

Segment_Reporting

Segment Reporting	3 Months Ended
	Aug. 31, 2013
Segment Reporting	9	SEGMENT REPORTING
	Operating segments are defined as business areas or lines of an enterprise about which financial information is available and evaluated on a regular basis by the chief operating decision makers, or decision-making groups, in deciding how to allocate capital and other resources to such lines of business.
	The Company operates two operating and reportable segments: NAU and other. The NAU segment contains the revenues and expenses associated with the University operations and the allocated portion of corporate overhead. The other segment contains primarily real estate. These operating segments are divisions of the Company for which separate financial information is available and evaluated regularly by executive management in deciding how to allocate resources and in assessing performance.
	General administrative costs of the Company are allocated to specific divisions of the Company.
	The following table presents the reportable segment financial information, in thousands:
			Three months ended August 31 2013									Three months ended August 31, 2012
									Consolidated									Consolidated
			NAU			Other			Total			NAU			Other			Total
	Revenue:
	Academic revenue		$	27,650		$	0		$	27,650		$	26,477		$	0		$	26,477
	Auxiliary revenue			2,772			0			2,772			2,699			0			2,699
	Rental income — apartments			0			287			287			0			274			274
	Condomimium sales			0			220			220			0			0			0
	Total revenue			30,422			507			30,929			29,176			274			29,450
	Operating expenses:
	Cost of educational services			7,005			0			7,005			7,135			0			7,135
	Selling, general & administrative			21,779			443			22,222			19,989			432			20,421
	Auxiliary expense			1,970			0			1,970			1,843			0			1,843
	Cost of condominium sales						191			191			0			0			0
	Loss on disposition of property			0			(97	)		(97	)		6			67			73
	Total operating expenses			30,754			537			31,291			28,973			499			29,472
	Income (loss) from operations			(332	)		(30	)		(362	)		203			(225	)		(22	)
	Other income (expense):
	Interest income			12			14			26			28			3			31
	Interest expense			(252	)		0			(252	)		(253	)		0			(253	)
	Other (expense) income — net			0			44			44			0			35			35
	Total other (expense) income			(240	)		58			(182	)		(225	)		38			(187	)
	Income (loss) before taxes		$	(572	)	$	28		$	(544	)	$	(22	)	$	(187	)	$	(209	)
			As of August 31, 2013									As of May 31, 2013
			NAU			Other			Consolidated			NAU			Other			Consolidated
									Total									Total
	Total assets		$	74,168		$	12,110		$	86,278		$	75,115		$	12,967		$	88,082

Subsequent_Events

Subsequent Events	3 Months Ended
	Aug. 31, 2013
Subsequent Events	10	SUBSEQUENT EVENTS
	On October 2, 2013, the Company executed an amendment to the capital lease of the central administration and Rapid City campus property that includes a monthly setoff against future lease payments.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Aug. 31, 2013
Reconciliation of Numerator and Denominator for Basic and Diluted EPS Computations	The following is a reconciliation of the numerator and denominator for the basic and diluted EPS computations:
		Three months ended
		31-Aug
		2013			2012
	Numerator:
	Net income attributable to National American Universtiy Holdings, Inc.	$	(329	)	$	(164	)
	Denominator:
	Weighted average shares outstanding used to compute basic net income per common share		25,056,382			25,574,478
	Incremental shares issuable upon the assumed exercise of stock options		—			—
	Incremental shares issuable upon the assumed exercise of restricted shares		—			—
	Common shares used to compute diluted net income per share		25,056,382			25,574,478
	Basic net loss per common share	$	(0.01	)	$	(0.01	)
	Diluted net loss per common share	$	(0.01	)	$	(0.01	)

Stockholders_Equity_Tables

Stockholders Equity (Tables)	3 Months Ended
	Aug. 31, 2013
Summary of Restricted Shares Activity	A summary of restricted shares activity under the Plan as of August 31, 2013 and 2012, and changes during the three month periods then ended is presented below:
	Restricted Shares	Shares			Weighted Average
					Grant Date Fair
					Value
	Non-vested shares at May 31, 2013		13,442		$	4.46
	Granted		446,500			3.78
	Modified		303,500			4.31
	Vested		(9,783	)		4.6
	Forfeited		0			0
	Non-vested shares at August 31, 2013		753,659		$	4
	Restricted Shares	Shares			Weighted Average
					Grant Date Fair
					Value
	Non-vested shares at May 31, 2012		1,416		$	10.59
	Granted		59,132			4.6
	Vested		(1,416	)		10.59
	Forfeited		0			0
	Non-vested shares at August 31, 2012		59,132		$	4.6
Summary of Stock Options Issued	For stock options issued during the three months ended August 31, 2012, the following assumptions were used to determine fair value:
		August 31,
	Assumptions used:	2012
	Expected term (in years)		5.99
	Expected volatility		61.2	%
	Weighted average risk free interest rate		0.85	%
	Weighted average risk free interest rate range		0.80-0.85	%
	Weighted average expected dividend		2.87	%
	Weighted average expected dividend range		2.87	%
	Weighted average fair value	$	2.01
Summary of Stock Option Activity	A summary of option activity under the Plan as of August 31, 2013 and 2012, and changes during the three month periods then ended is presented below:
	Stock Options	Shares			Weighted		Weighted		Aggregate
					average		average		intrinsic
					exercise		remaining		value
					price		contractual		$0
							life (in
							years)
	Outstanding at May 31, 2013		368,000		$	7.67
	Granted		0			0
	Exercised		0			0
	Modified		(303,500	)		7.46
	Forfeited or canceled		(1,000	)		9.35
	Outstanding at August 31, 2013		63,500		$	8.67		7.3	$	—
	Exercisable at August 31, 2013		60,000		$	8.91		7.2	$	—
	Stock Options	Shares			Weighted		Weighted		Aggregate
					average		average		intrinsic
					exercise		remaining		value
					price		contractual		$0
							life (in
							years)
	Outstanding at May 31, 2012		223,950		$	9.92
	Granted		156,800			4.6
	Exercised
	Forfeited or canceled		(4,000	)		9.35		—		—
	Outstanding at August 31, 2012		376,750		$	7.71		9.1	$	—
	Exercisable at August 31, 2012		141,781		$	9.56		8.2	$	—
Summary of Dividend Payments	The following table presents details of the Company’s fiscal 2013 and 2012 dividend payments:
	Date declared	Record date		Payment date	Per share
	27-Aug-12	September 30, 2012		October 5, 2012	$	0.04
	29-Oct-12	14-Dec-12		December 28, 2012	$	0.04
	28-Jan-13	29-Mar-13		12-Apr-13	$	0.04
	29-Apr-13	28-Jun-13		12-Jul-13	$	0.04
	August, 2013	30-Sep-13		(est) October 11, 2013	$	0.0450

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Aug. 31, 2013
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table summarizes certain information for assets and liabilities measured at fair value on a recurring basis, in thousands:
		Quoted		Other		Unobservable		Fair value
		prices in		observable		inputs
		active		inputs		(level  3)
		markets		(level 2)
		(level 1)
	August 31, 2013
	Investments
	CD’s and money market accounts		374	$	3,683	$	—	$	4,057
	US treasury bills and notes	$	19,310		—		—		19,310
	Total assets at fair value	$	19,684	$	3,683	$	—	$	23,367
	May 31, 2013
	Investments
	CD’s and money market accounts		1,860	$	2,190	$	—	$	4,050
	US treasury bills and notes	$	18,314		—		—		18,314
	Total assets at fair value	$	20,174	$	2,190	$	—	$	22,364

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
	Aug. 31, 2013
Financial Information of Reportable Segment	The following table presents the reportable segment financial information, in thousands:
		Three months ended August 31 2013									Three months ended August 31, 2012
								Consolidated									Consolidated
		NAU			Other			Total			NAU			Other			Total
	Revenue:
	Academic revenue	$	27,650		$	0		$	27,650		$	26,477		$	0		$	26,477
	Auxiliary revenue		2,772			0			2,772			2,699			0			2,699
	Rental income — apartments		0			287			287			0			274			274
	Condomimium sales		0			220			220			0			0			0
	Total revenue		30,422			507			30,929			29,176			274			29,450
	Operating expenses:
	Cost of educational services		7,005			0			7,005			7,135			0			7,135
	Selling, general & administrative		21,779			443			22,222			19,989			432			20,421
	Auxiliary expense		1,970			0			1,970			1,843			0			1,843
	Cost of condominium sales					191			191			0			0			0
	Loss on disposition of property		0			(97	)		(97	)		6			67			73
	Total operating expenses		30,754			537			31,291			28,973			499			29,472
	Income (loss) from operations		(332	)		(30	)		(362	)		203			(225	)		(22	)
	Other income (expense):
	Interest income		12			14			26			28			3			31
	Interest expense		(252	)		0			(252	)		(253	)		0			(253	)
	Other (expense) income — net		0			44			44			0			35			35
	Total other (expense) income		(240	)		58			(182	)		(225	)		38			(187	)
	Income (loss) before taxes	$	(572	)	$	28		$	(544	)	$	(22	)	$	(187	)	$	(209	)
		As of August 31, 2013									As of May 31, 2013
		NAU			Other			Consolidated			NAU			Other			Consolidated
								Total									Total
	Total assets	$	74,168		$	12,110		$	86,278		$	75,115		$	12,967		$	88,082

Nature_of_Operations_Additiona

Nature of Operations - Additional Information (Detail) (NAU)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
NAU
Nature Of Operations [Line Items]
Total revenues that were derived from NAU's academic revenue	89.00%	90.00%

Reconciliation_of_Numerator_an

Reconciliation of Numerator and Denominator for Basic and Diluted EPS Computations (Detail) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Aug. 31, 2013	Aug. 31, 2012
Numerator:
Net income attributable to National American Universtiy Holdings, Inc.	($329)	($164)
Denominator:
Weighted average shares outstanding used to compute basic net income per common share	25,056,382	25,574,478
Common shares used to compute diluted net income per share	25,056,382	25,574,478
Basic net loss per common share	($0.01)	($0.01)
Diluted net loss per common share	($0.01)	($0.01)
Stock Options
Denominator:
Incremental shares issuable upon the assumed exercise
Restricted Stock
Denominator:
Incremental shares issuable upon the assumed exercise

Earnings_per_Share_Additional_

Earnings per Share - Additional Information (Detail)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Computation Of Earnings Per Share Line Items
Number of shares excluded from calculation of diluted EPS	76,942	389,794

Contract_for_Deed_Additional_I

Contract for Deed - Additional Information (Detail) (USD $)	1 Months Ended		3 Months Ended
In Thousands, unless otherwise specified	Jul. 08, 2013	Mar. 28, 2013	Aug. 31, 2013	Aug. 31, 2012	31-May-13
Real Estate Properties [Line Items]
Property, sales price		$4,000
Down payment received from property sales		20
Receivable from property sales		3,980	519		722
Receivable term		3 years
Receivable stated interest rate		5.00%
Sale lease back monthly rental payment			7
Proceeds from partial collection of receivable including interest and non-refundable deposit	760
Proceed from interest received	10
Proceeds from collection of property sales receivable	500
Gain on sale of property	97		97	-73
Non-refundable deposit			$250

Stockholders_Equity_Additional

Stockholders' Equity - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Aug. 31, 2013	Aug. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vest over various terms	3 years
Expiry of stock options	10 years
Stock received by executive included in non cash compensation expense	$537	$79
Volatilities period	2 years 6 months
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expenses restricted stock award	12	7
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance	750,000
Common stock remain available for issuance	0
Restricted stock units granted	446,500	59,132
Restricted stock unit, grant date fair value per share	$3.78	$4.60
Restricted stock unit, amortized service period	2 years
Restricted stock unit modified, granted	303,500
Incremental fair value	890
Unamortized fair value associated with options surrendered	420
Compensation expenses restricted stock award	375	17
Restricted Stock Units (RSUs) | Performance Based Vesting Schedule
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted	750,000
Unrestricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock received by executive included in non cash compensation expense	150
Restricted Stock And Restricted Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized compensation cost weighted average period	1 year 8 months 12 days
Unamortized compensation cost of restricted stock and restricted stock unit awards	2,625
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance	1,300,000
Common stock remain available for issuance	877,312
Unamortized compensation cost weighted average period	10 months 24 days
Stock option issued	0
Compensation expense of stock options	5	55
Unamortized compensation cost of unvested stock options	$6

Summary_of_Restricted_Shares_A

Summary of Restricted Shares Activity (Detail) (Restricted Stock Units (RSUs), USD $)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Restricted Stock Units (RSUs)
Restricted Shares
Shares, non-vested shares, beginning balance	13,442	1,416
Restricted stock unit, granted	446,500	59,132
Shares, modified	303,500
Shares, vested	-9,783	-1,416
Shares, forfeited	0	0
Shares, non-vested shares, ending balance	753,659	59,132
Weighted average grant date fair value
Weighted average grant date fair value, non-vested shares, beginning balance	$4.46	$10.59
Weighted average grant date fair value, granted	$3.78	$4.60
Weighted average grant date fair value, modified	$4.31
Weighted average grant date fair value, vested	$4.60	$10.59
Weighted average grant date fair value, forfeited	$0	$0
Weighted average grant date fair value, Non-vested shares, Ending balance	$4	$4.60

Summary_of_Stock_Options_Issue

Summary of Stock Options Issued (Detail) (USD $)	3 Months Ended
	Aug. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	5 years 11 months 27 days
Expected volatility	61.20%
Weighted average risk free interest rate	0.85%
Weighted average risk free interest rate range, minimum	0.80%
Weighted average risk free interest rate range, maximum	0.85%
Weighted average expected dividend	2.87%
Weighted average fair value	$2.01
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average expected dividend	2.87%

Summay_of_Option_Activity_Deta

Summay of Option Activity (Detail) (USD $)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Shares
Outstanding Shares, Beginning Balance	368,000	223,950
Shares, Granted	0	156,800
Shares, Exercised	0
Shares, Modified	-303,500
Shares, Forfeited or canceled	-1,000	-4,000
Outstanding Shares, Ending Balance	63,500	376,750
Exercisable Shares, At The End of Period	60,000	141,781
Weighted Average Exercise Price
Weighted Average Exercise Price, Beginning balance	$7.67	$9.92
Weighted Average Exercise Price, Granted	$0	$4.60
Weighted Average Exercise Price, Exercised	$0
Weighted Average Exercise Price, Modified	$7.46
Weighted Average Exercise Price, Forfeited or canceled	$9.35	$9.35
Weighted Average Exercise Price, Ending balance	$8.67	$7.71
Weighted Average Exercise Price, Ending balance exercisable	$8.91	$9.56
Weighted Average Remaining Contractual Life (in years)
Weighted Average Remaining Contractual Life (in years), Outstanding	7 years 3 months 18 days	9 years 1 month 6 days
Weighted Average Remaining Contractual Life (in years), Exercisable	7 years 2 months 12 days	8 years 2 months 12 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value, Forfeited or canceled
Aggregate Intrinsic Value, Ending Balance
Aggregate Intrinsic Value,Exercisable at the end of Period

Summary_of_Dividend_Declaratio

Summary of Dividend Declaration and Payment Date (Detail) (USD $)	3 Months Ended
	Aug. 31, 2013
Period One
Dividends Payable [Line Items]
Date declared	27-Aug-12
Record date	30-Sep-12
Payment date	5-Oct-12
Per share	$0.04
Period Two
Dividends Payable [Line Items]
Date declared	29-Oct-12
Record date	14-Dec-12
Payment date	28-Dec-12
Per share	$0.04
Period Three
Dividends Payable [Line Items]
Date declared	28-Jan-13
Record date	29-Mar-13
Payment date	12-Apr-13
Per share	$0.04
Period Four
Dividends Payable [Line Items]
Date declared	29-Apr-13
Record date	28-Jun-13
Payment date	12-Jul-13
Per share	$0.04
Period Five
Dividends Payable [Line Items]
Date declared	31-Aug-13
Record date	30-Sep-13
Payment date	11-Oct-13
Per share	$0.05

Assets_and_Liabilities_Measure

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (Fair Value, Measurements, Recurring, USD $)	Aug. 31, 2013	31-May-13
In Thousands, unless otherwise specified
Investments
Total assets at fair value	$23,367	$22,364
CD's and money market accounts
Investments
Total assets at fair value	4,057	4,050
US treasury bills and notes
Investments
Total assets at fair value	19,310	18,314
Quoted Prices in active markets (Level 1)
Investments
Total assets at fair value	19,684	20,174
Quoted Prices in active markets (Level 1) | CD's and money market accounts
Investments
Total assets at fair value	374	1,860
Quoted Prices in active markets (Level 1) | US treasury bills and notes
Investments
Total assets at fair value	19,310	18,314
Other observable inputs (Level 2)
Investments
Total assets at fair value	3,683	2,190
Other observable inputs (Level 2) | CD's and money market accounts
Investments
Total assets at fair value	$3,683	$2,190

Segment_Reporting_Additional_I

Segment Reporting - Additional Information (Detail)	3 Months Ended
	Aug. 31, 2013
	Segment
Segment Reporting Information [Line Items]
Number of reportable segments	2

Summary_of_Segment_Revenue_Det

Summary of Segment Revenue (Detail) (USD $)	1 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Jul. 08, 2013	Aug. 31, 2013	Aug. 31, 2012
REVENUE:
Academic		$27,650	$26,477
Auxiliary		2,772	2,699
Rental income - apartments		287	274
Condomimium sales		220	0
Total revenue		30,929	29,450
OPERATING EXPENSES:
Cost of educational services		7,005	7,135
Selling, general & administrative		22,222	20,421
Auxiliary expense		1,970	1,843
Cost of condominium sales		191	0
Loss on disposition of property	-97	-97	73
Total operating expenses		31,291	29,472
Income (loss) from operations		-362	-22
OTHER INCOME (EXPENSE):
Interest income		26	31
Interest expense		-252	-253
Other (expense) income - net		44	35
Total other (expense) income		-182	-187
Income (loss) before taxes		-544	-209
NAU
REVENUE:
Academic		27,650	26,477
Auxiliary		2,772	2,699
Rental income - apartments		0	0
Condomimium sales		0	0
Total revenue		30,422	29,176
OPERATING EXPENSES:
Cost of educational services		7,005	7,135
Selling, general & administrative		21,779	19,989
Auxiliary expense		1,970	1,843
Cost of condominium sales			0
Loss on disposition of property		0	6
Total operating expenses		30,754	28,973
Income (loss) from operations		-332	203
OTHER INCOME (EXPENSE):
Interest income		12	28
Interest expense		-252	-253
Other (expense) income - net		0	0
Total other (expense) income		-240	-225
Income (loss) before taxes		-572	-22
Other
REVENUE:
Academic		0	0
Auxiliary		0	0
Rental income - apartments		287	274
Condomimium sales		220	0
Total revenue		507	274
OPERATING EXPENSES:
Cost of educational services		0	0
Selling, general & administrative		443	432
Auxiliary expense		0	0
Cost of condominium sales		191	0
Loss on disposition of property		-97	67
Total operating expenses		537	499
Income (loss) from operations		-30	-225
OTHER INCOME (EXPENSE):
Interest income		14	3
Interest expense		0	0
Other (expense) income - net		44	35
Total other (expense) income		58	38
Income (loss) before taxes		$28	($187)

Summary_of_Segment_Assets_Deta

Summary of Segment Assets (Detail) (USD $)	Aug. 31, 2013	31-May-13
In Thousands, unless otherwise specified
Segment Reporting Information [Line Items]
Total assets	$86,278	$88,082
NAU
Segment Reporting Information [Line Items]
Total assets	74,168	75,115
Other
Segment Reporting Information [Line Items]
Total assets	$12,110	$12,967