National American University (NAUH) 10-Q 2 Oct 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Aug. 31, 2015	Sep. 30, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	National American University Holdings, Inc.
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	NAUH
Entity Central Index Key	1,399,855
Current Fiscal Year End Date	--05-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		25,184,758

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Aug. 31, 2015	May. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 30,653	$ 23,300
Available for sale investments	3,628	4,102
Student receivables — net of allowance of $1,618 and $1,583 at August 31, 2015 and May 31, 2015, respectively	4,798	14,358
Other receivables	146	1,195
Income taxes receivable	1,069	0
Deferred income taxes	2,329	2,335
Prepaid and other current assets	1,698	2,151
Total current assets	44,321	47,441
Total property and equipment - net	35,146	36,390
OTHER ASSETS:
Condominium inventory	385	385
Land held for future development	312	312
Course development — net of accumulated amortization of $2,834 and $2,760 at August 31, 2015 and May 31, 2015, respectively	771	804
Other	1,122	1,212
Total other assets	2,590	2,713
TOTAL	82,057	86,544
CURRENT LIABILITIES:
Current portion of capital lease payable	254	244
Accounts payable	3,202	3,246
Dividends payable	1,140	1,139
Income taxes payable	137	1
Deferred income	865	1,459
Accrued and other liabilities	5,437	6,746
Total current liabilities	11,035	12,835
DEFERRED INCOME TAXES	3,283	3,283
OTHER LONG-TERM LIABILITIES	5,888	6,047
CAPITAL LEASE PAYABLE, NET OF CURRENT PORTION	11,786	11,853
STOCKHOLDERS' EQUITY:
Common stock, $0.0001 par value (50,000,000 authorized; 28,313,740 issued and 25,212,072 outstanding as of August 31, 2015; 28,262,241 issued and 25,191,414 outstanding as of May 31, 2015)	3	3
Additional paid-in capital	58,396	58,336
Retained earnings	11,307	13,751
Treasury stock, at cost (3,101,668 shares at August 31, 2015 and 3,070,827 shares at May 31, 2015)	(19,542)	(19,455)
Accumulated other comprehensive loss, net of taxes - unrealized loss on available for sale securities	(2)	(1)
Total National American University Holdings, Inc. stockholders' equity	50,162	52,634
Non-controlling interest	(97)	(108)
Total stockholders' equity	50,065	52,526
TOTAL	$ 82,057	$ 86,544

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Thousands	Aug. 31, 2015	May. 31, 2015
Statement of Financial Position [Abstract]
Allowance for student receivables	$ 1,618	$ 1,563
Accumulated amortization of course development	$ 2,834	$ 2,760
Common stock, par value	$ .0001	$ .0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	28,313,740	28,262,241
Common stock, shares outstanding	25,212,072	25,191,414
Treasury stock, shares	3,101,668	3,070,827

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
REVENUE:
Academic revenue	$ 22,658	$ 26,676
Auxiliary revenue	1,716	1,881
Rental income - apartments	275	300
Condominium sales	0	447
Total revenue	24,649	29,304
OPERATING EXPENSES:
Cost of educational services	6,296	7,133
Selling, general and administrative	19,003	18,642
Auxiliary expense	1,266	1,303
Cost of condominium sales	0	368
Loss (gain) on disposition of property	0	(1,678)
Total operating expenses	26,565	25,768
OPERATING (LOSS) INCOME	(1,916)	3,536
OTHER INCOME (EXPENSE):
Interest income	19	99
Interest expense	(219)	(229)
Other income - net	42	58
Total other expense	(158)	(72)
(LOSS) INCOME BEFORE INCOME TAXES	(2,074)	3,464
INCOME TAX BENEFIT (EXPENSE)	776	(1,296)
NET (LOSS) INCOME	(1,298)	2,168
NET (INCOME) LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST	(11)	2
NET INCOME ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC. AND SUBSIDIARIES	(1,309)	2,170
OTHER COMPREHENSIVE (LOSS) - Unrealized losses on investments, net of tax	(1)	(5)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC.	$ (1,310)	$ 2,165
Basic net (loss) earnings attributable to National American University Holdings, Inc.	$ (0.05)	$ 0.09
Diluted net (loss) earnings attributable to National American University Holdings, Inc.	$ (0.05)	$ 0.09
Basic weighted average shares outstanding	25,190,039	25,122,423
Diluted weighted average shares outstanding	25,190,039	25,141,380

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income / Loss	Noncontrolling Interest	Total
Beginning Balance at May. 31, 2014	$ 3	$ 59,191	$ 11,573	$ (19,423)	$ (3)	$ (146)	$ 51,195
Purchase of shares common stock for the treasury	0	0	0	(7)	0	0	(7)
Stock based compensation expense	0	374	0	0	0	0	374
Dividends declared	0	0	(1,132)	0	0	0	(1,132)
Net income	0	0	2,170	0	0	(2)	2,168
Other comprehensive income/loss, net of tax	0	0	0	0	(5)	0	(5)
Ending Balance at Aug. 31, 2014	3	59,565	12,611	(19,430)	(8)	(148)	52,593
Beginning Balance at May. 31, 2015	3	58,336	13,751	(19,455)	(1)	(108)	52,526
Purchase of shares common stock for the treasury	0	0	0	(87)	0	0	(87)
Stock based compensation expense	0	60	0	0	0	0	60
Dividends declared	0	0	(1,135)	0	0	0	(1,135)
Net income	0	0	(1,309)	0	0	11	(1,298)
Other comprehensive income/loss, net of tax	0	0	0	0	(1)	0	(1)
Ending Balance at Aug. 31, 2015	$ 3	$ 58,396	$ 11,307	$ (19,542)	$ (2)	$ (97)	$ 50,065

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Statement of Stockholders' Equity [Abstract]
Number of common shares for treasury	30,841	2,411
Dividends declared, per share	$ .045	$ .045

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ (1,298)	$ 2,168
Adjustments to reconcile net (loss) income to net cash flows provided by operating activities:
Depreciation and amortization	1,423	1,582
Loss (gain) on disposition of property	0	(1,678)
Provision for uncollectable tuition	1,870	1,101
Noncash compensation expense	60	374
Deferred income taxes	6	(18)
Changes in assets and liabilities:
Student and other receivables	8,739	12,839
Prepaid and other current assets	453	(29)
Condominium inventory	0	367
Other assets	88	(16)
Income tax receivable/payable	(933)	223
Accounts payable	(21)	772
Deferred income	(594)	(133)
Accrued and other liabilities	(1,310)	(1,646)
Other long-term liabilities	(159)	(121)
Net cash flows provided by operating activities	8,324	15,785
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale investments	(1,416)	(20,695)
Proceeds from sale of available for sale investments	1,889	8,245
Purchases of property and equipment	(128)	(707)
Proceeds from sale of property and equipment	0	3,464
Course development	(41)	(24)
Payments received on contract for deed	1	4
Payments received on note receivable	0	1,390
Other	2	2
Net cash flows (used in) provided by investing activities	307	(8,321)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of capital lease payable	(57)	(47)
Purchase of treasury stock	(87)	(7)
Dividends paid	(1,134)	(1,130)
Net cash flows used in financing activities	(1,278)	(1,184)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	7,353	6,280
CASH AND CASH EQUIVALENTS - Beginning of year	23,300	4,154
CASH AND CASH EQUIVALENTS - End of period	30,653	10,434
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:
Cash (received) paid for income taxes	(152)	1,091
Cash paid for interest	219	222
Property and equipment purchases included in accounts payable	1	174
Dividends declared and unpaid	$ 1,140	$ 1,132

1. STATEMENT PRESENTATION AND B

1. STATEMENT PRESENTATION AND BASIS OF CONSOLIDATION	3 Months Ended
	Aug. 31, 2015
Accounting Policies [Abstract]
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 consolidated balance sheet as of May 31, 2015, was derived from the audited consolidated financial statements for the Company for the year then ended. Accordingly, these financial statements should be read in conjunction with the Company’s annual financial statements which were included in the Company’s Annual Report Form 10-K for the year ended May 31, 2015, filed on August 7, 2015. Furthermore, the results of operations and cash flows for the three month periods ended August 31, 2015 and 2014 are not necessarily indicative of the results that may be expected for the full year. These financial statements include consideration of subsequent events through issuance. 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., which owns and operates National American University, sometimes referred to as “NAU” or the “University”. Estimates

2. NATURE OF OPERATIONS

2. NATURE OF OPERATIONS	3 Months Ended
	Aug. 31, 2015
Accounting Policies [Abstract]
NATURE OF OPERATIONS	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 allied health, nursing, legal studies, education, business, accounting and information technology. 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.

3. RECENTLY ADOPTED AND NEW ACC

3. RECENTLY ADOPTED AND NEW ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Aug. 31, 2015
Accounting Changes and Error Corrections [Abstract]
RECENTLY ADOPTED AND NEW ACCOUNTING PRONOUNCEMENTS	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In February 2015, the FASB issued ASU No. 2015-02, Amendments to the Consolidation Analysis

4. CONTRACT FOR DEED

4. CONTRACT FOR DEED	3 Months Ended
	Aug. 31, 2015
Contractors [Abstract]
CONTRACT FOR DEED	The Company signed a contract for deed on its former Rapid City campus on March 28, 2013 for $4,000 (see Note 5 for capital lease on new campus). The sale did not meet the accounting requirements to be consummated and was not recorded at that time. On July 11, 2014, the contract for deed was settled. The Company collected the outstanding proceeds, which included $3,230 principal and $85 of interest that was offset by $59 of lease-back payments and maintenance expenses related to the long-term operating lease. All remaining liens on the property were released and deemed sold, resulting in a gain of $1,743.

5. CAPITAL LEASE OBLIGATION

5. CAPITAL LEASE OBLIGATION	3 Months Ended
	Aug. 31, 2015
Leases [Abstract]
CAPITAL LEASE OBLIGATION	As part of ongoing operations, the Company entered into a capital lease arrangement for additional space that houses the corporate headquarters, distance learning operations, and the new Rapid City campus operations. During the year ended May 31, 2014, the Company increased its capital lease obligation by $2,000 to account for tenant improvements. The Company initially paid for the improvements and reached an agreement with the lessor to be reimbursed for the amount under the terms of a $2,000 note receivable. The note receivable required monthly payments of $14 at 6% that directly offset the monthly payments to the lessor under the capital lease obligation. In June 2014, the landlord of the property paid the $1,390 remaining balance of the note receivable.

6. STOCKHOLDERS' EQUITY

6. STOCKHOLDERS' EQUITY	3 Months Ended
	Aug. 31, 2015
Equity [Abstract]
STOCKHOLDERS' EQUITY	The authorized capital stock for the Company is 51,100,000, consisting of (i) 50,000,000 shares of common stock, par value $0.0001 and (ii) 1,000,000 shares of preferred stock, par value $0.0001, and (iii) 100,000 shares of class A common stock, par value $0.0001. Of the authorized shares, 25,212,072 and 25,191,414 shares of common stock were outstanding as of August 31, 2015 and May 31, 2015, respectively. No shares of preferred stock or class A common stock were outstanding at August 31, 2015. Stock Repurchase Plan On August 6, 2015, the Company’s Board of Directors authorized the repurchase of up to $1.25 million of the Company’s outstanding common stock in both open market and privately negotiated transactions. The plan is authorized for a period of one year from August 10, 2015. The timing and actual number of shares purchased depends on a variety of factors such as price, corporate and regulatory requirements, and other prevailing market conditions. During the fiscal quarter ended August 31, 2015, the Company repurchased 30,007 shares for $84 under this authorization. Stock-Based Compensation At August 31, 2015, the Company had 1,462,261 shares available for future grants under its stock-based compensation plans. 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. In addition, the Company settles a portion of the compensation of the Chief Executive Officer in stock, which totaled $27 for the quarter ended August 31, 2015. These issuances reduce the shares available for future grants under the plans. Restricted stock The Company has 42,155 nonvested restricted stock shares with a weighted average grant date fair value of $3.11 per share outstanding at August 31, 2015. Unrecognized compensation expense associated with these shares totals $18 with a remaining amortization life of 1.7 months. There were no restricted stock awards granted nor any restricted stock shares vested during the quarter ended August 31, 2015. Stock compensation expense totaling $33 was recorded in the income statement during the quarter ended August 31, 2015. Stock options The Company accounts for stock option-based compensation by estimating the fair value of options granted using a Black-Scholes option pricing model. The Company recognizes the expense for grants of stock options on a straight-line basis in the consolidated statements of operations as operating expense based on their fair value over the requisite service period. There were no stock options issued or exercised in the quarter ended August 31, 2015. Stock options for 8,875 shares of common stock with a weighted average exercise price of $4.45 were forfeited during the quarter ended August 31, 2015. At August 31, 2015, stock options for 69,875 shares were outstanding and exercisable with a weighted average exercise price of $6.58 and a weighted average remaining life of 6.7 years. There was no intrinsic value associated with the stock options at August 31, 2015. Dividends The following table presents details of the Company’s fiscal 2016 and 2015 dividend payments: Date declared Record date Payment date Per share April 7, 2014 June 30, 2014 July 11, 2014 $ 0.0450 August 11, 2014 September 30, 2014 October 10, 2014 $ 0.0450 October 6, 2014 December 31, 2014 January 16, 2015 $ 0.0450 January 24, 2015 March 31, 2015 April 17, 2015 $ 0.0450 April 13, 2015 June 30, 2015 July 10, 2015 $ 0.0450 August 10, 2015 September 30, 2015 (est) October 9, 2015 $ 0.0450

7. EARNINGS PER SHARE

7. EARNINGS PER SHARE	3 Months Ended
	Aug. 31, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	Basic earnings per share (“EPS”) is computed by dividing net income attributable to the Company 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 August 31, 2015 2014 Numerator: Net (loss) income attributable to National American University Holdings, Inc. $ (1,309 ) $ 2,170 Denominator: Weighted average shares outstanding used to compute basic net income per common share 25,190,039 25,122,423 Incremental shares issuable upon the assumed exercise of stock options 0 0 Incremental shares issuable upon the assumed vesting of restricted shares 0 18,957 Common shares used to compute diluted net income per share 25,190,039 25,141,380 Basic net (loss) income per common share $ (0.05 ) $ 0.09 Diluted net (loss) income per common share $ (0.05 ) $ 0.09 A total of 69,875 and 73,750 shares of common stock subject to issuance upon exercise of stock options for the three months ended August 31, 2015 and 2014, respectively, have been excluded from the calculation of diluted EPS as the effect would have been anti-dilutive. For the three months ended August 31, 2015, the effect of 42,155 restricted shares outstanding (30,541 shares potential dilutive impact) has been excluded from the calculation of diluted EPS because the net loss position would make them anti-dilutive.

8. COMMITMENTS AND CONTINGENCIE

8. COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Aug. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
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.

9. FAIR VALUE MEASUREMENTS

9. FAIR VALUE MEASUREMENTS	3 Months Ended
	Aug. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	The following table summarizes certain information for assets and liabilities measured at fair value on a recurring basis: Quoted prices in active markets (level 1) Other observable inputs (level 2) Unobservable inputs (level 3) Fair value August 31, 2015 Investments: Certificates of deposit $ 0 $ 3,628 $ 0 $ 3,628 Money market accounts included in cash equivalents 746 0 0 746 Total assets at fair value $ 746 $ 3,628 $ 0 $ 4,374 May 31, 2015 Investments: Certificates of deposit $ 244 $ 3,858 $ 0 $ 4,102 Money market accounts included in cash equivalents 269 0 0 269 Total assets at fair value $ 513 $ 3,858 $ 0 $ 4,371 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: Fair value of financial instruments:

10. SEGMENT REPORTING

10. SEGMENT REPORTING	3 Months Ended
	Aug. 31, 2015
Segment Reporting [Abstract]
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, 2015 Three months ended August 31, 2014 Consolidated Consolidated NAU Other Total NAU Other Total Revenue: Academic revenue $ 22,658 $ 0 $ 22,658 $ 26,676 $ 0 $ 26,676 Auxiliary revenue 1,716 0 1,716 1,881 0 1,881 Rental income — apartments 0 275 275 0 300 300 Condominium sales 0 0 0 0 447 447 Total revenue 24,374 275 24,649 28,557 747 29,304 Operating expenses: Cost of educational services 6,296 0 6,296 7,133 0 7,133 Selling, general &administrative 18,625 378 19,003 18,133 509 18,642 Auxiliary expense 1,266 0 1,266 1,303 0 1,303 Cost of condominium sales 0 0 0 0 368 368 Loss (gain) on disposition of property 0 0 0 113 (1,791 ) (1,678 ) Total operating expenses 26,187 378 26,565 26,682 (914 ) 25,768 (Loss) income from operations (1,813 ) (103 ) (1,916 ) 1,875 1,661 3,536 Other income (expense): Interest income 18 1 19 10 89 99 Interest expense (219 ) 0 (219 ) (221 ) (8 ) (229 ) Other income - net 0 42 42 0 58 58 Total other (expense) income (201 ) 43 (158 ) (211 ) 139 (72 ) (Loss) income before taxes $ (2,014 ) $ (60 ) $ (2,074 ) $ 1,664 $ 1,800 $ 3,464 As of August 31, 2015 As of August 31, 2014 Consolidated Consolidated NAU Other Total NAU Other Total Total assets $ 73,517 $ 8,540 $ 82,057 $ 76,269 $ 12,120 $ 88,389

11. SUBSEQUENT EVENTS

11. SUBSEQUENT EVENTS	3 Months Ended
	Aug. 31, 2015
Subsequent Events [Abstract]
11. SUBSEQUENT EVENTS	We evaluated subsequent events after the balance sheet date through the date the consolidated financial statements were issued. We did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these consolidated condensed financial statements.

6. STOCKHOLDERS' EQUITY (Tables

6. STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Aug. 31, 2015
Equity [Abstract]
Summary of Dividend Payments	Date declared Record date Payment date Per share April 7, 2014 June 30, 2014 July 11, 2014 $ 0.0450 August 11, 2014 September 30, 2014 October 10, 2014 $ 0.0450 October 6, 2014 December 31, 2014 January 16, 2015 $ 0.0450 January 24, 2015 March 31, 2015 April 17, 2015 $ 0.0450 April 13, 2015 June 30, 2015 July 10, 2015 $ 0.0450 August 10, 2015 September 30, 2015 (est) October 9, 2015 $ 0.0450

7. EARNINGS PER SHARE (Tables)

7. EARNINGS PER SHARE (Tables)	3 Months Ended
	Aug. 31, 2015
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator for Basic and Diluted EPS Computations	Three months ended August 31, 2015 2014 Numerator: Net (loss) income attributable to National American University Holdings, Inc. $ (1,309 ) $ 2,170 Denominator: Weighted average shares outstanding used to compute basic net income per common share 25,190,039 25,122,423 Incremental shares issuable upon the assumed exercise of stock options 0 0 Incremental shares issuable upon the assumed vesting of restricted shares 0 18,957 Common shares used to compute diluted net income per share 25,190,039 25,141,380 Basic net (loss) income per common share $ (0.05 ) $ 0.09 Diluted net (loss) income per common share $ (0.05 ) $ 0.09

9. FAIR VALUE MEASUREMENTS (Tab

9. FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Aug. 31, 2015
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	Quoted prices in active markets (level 1) Other observable inputs (level 2) Unobservable inputs (level 3) Fair value August 31, 2015 Investments: Certificates of deposit $ 0 $ 3,628 $ 0 $ 3,628 Money market accounts included in cash equivalents 746 0 0 746 Total assets at fair value $ 746 $ 3,628 $ 0 $ 4,374 May 31, 2015 Investments: Certificates of deposit $ 244 $ 3,858 $ 0 $ 4,102 Money market accounts included in cash equivalents 269 0 0 269 Total assets at fair value $ 513 $ 3,858 $ 0 $ 4,371

10. SEGMENT REPORTING (Tables)

10. SEGMENT REPORTING (Tables)	3 Months Ended
	Aug. 31, 2015
Segment Reporting [Abstract]
Financial Information of Reportable Segment	Three months ended August 31, 2015 Three months ended August 31, 2014 Consolidated Consolidated NAU Other Total NAU Other Total Revenue: Academic revenue $ 22,658 $ 0 $ 22,658 $ 26,676 $ 0 $ 26,676 Auxiliary revenue 1,716 0 1,716 1,881 0 1,881 Rental income — apartments 0 275 275 0 300 300 Condominium sales 0 0 0 0 447 447 Total revenue 24,374 275 24,649 28,557 747 29,304 Operating expenses: Cost of educational services 6,296 0 6,296 7,133 0 7,133 Selling, general &administrative 18,625 378 19,003 18,133 509 18,642 Auxiliary expense 1,266 0 1,266 1,303 0 1,303 Cost of condominium sales 0 0 0 0 368 368 Loss (gain) on disposition of property 0 0 0 113 (1,791 ) (1,678 ) Total operating expenses 26,187 378 26,565 26,682 (914 ) 25,768 (Loss) income from operations (1,813 ) (103 ) (1,916 ) 1,875 1,661 3,536 Other income (expense): Interest income 18 1 19 10 89 99 Interest expense (219 ) 0 (219 ) (221 ) (8 ) (229 ) Other income - net 0 42 42 0 58 58 Total other (expense) income (201 ) 43 (158 ) (211 ) 139 (72 ) (Loss) income before taxes $ (2,014 ) $ (60 ) $ (2,074 ) $ 1,664 $ 1,800 $ 3,464 As of August 31, 2015 As of August 31, 2014 Consolidated Consolidated NAU Other Total NAU Other Total Total assets $ 73,517 $ 8,540 $ 82,057 $ 76,269 $ 12,120 $ 88,389

4. CONTRACT FOR DEED - Addition

4. CONTRACT FOR DEED - Additional Information (Details Narrative) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended
	Jul. 31, 2014	Mar. 28, 2013	Aug. 31, 2015	Aug. 31, 2014
Contract For Deed - Additional Information Details Narrative
Property, sales price		$ 4,000
Proceeds From Principal Received	$ 3,230
Proceed from interest received	85
(Gain) loss on disposition of property	1,743		$ 0	$ 1,678
Sale lease back monthly rental payment	$ 59

5. CAPITAL LEASE OBLIGATION - A

5. CAPITAL LEASE OBLIGATION - Additional Information (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2014	May. 31, 2014
Notes receivable amount		$ 2,000
Notes receivable per month		$ 14
Notes receivable interest rate percentage		6.00%
Payment received on a note receivable	$ 1,390
Capital Lease
Capital lease additions		$ 2,000

6. STOCKHOLDERS EQUITY - Summar

6. STOCKHOLDERS EQUITY - Summary of Dividend Payments (Details)	3 Months Ended
	Aug. 31, 2015$ / shares
Period 1 [Member]
Dividends Payable [Line Items]
Date declared	Apr. 7, 2014
Record date	Jun. 30, 2014
Payment date	Jul. 11, 2014
Per share	$ 0.045
Period 2 [Member]
Dividends Payable [Line Items]
Date declared	Aug. 11, 2014
Record date	Sep. 30, 2014
Payment date	Oct. 10, 2014
Per share	$ 0.045
Period 3 [Member]
Dividends Payable [Line Items]
Date declared	Oct. 6, 2014
Record date	Dec. 31, 2014
Payment date	Jan. 16, 2015
Per share	$ 0.045
Period 4 [Member]
Dividends Payable [Line Items]
Date declared	Jan. 24, 2015
Record date	Mar. 31, 2015
Payment date	Apr. 17, 2015
Per share	$ 0.045
Period 5 [Member]
Dividends Payable [Line Items]
Date declared	Apr. 13, 2015
Record date	Jun. 30, 2015
Payment date	Jul. 10, 2015
Per share	$ 0.045
Period 6 [Member]
Dividends Payable [Line Items]
Date declared	Aug. 10, 2015
Record date	Sep. 30, 2015
Payment date	Oct. 9, 2015
Per share	$ 0.045

6. STOCKHOLDERS EQUITY - Additi

6. STOCKHOLDERS EQUITY - Additional Information (Details Narrative) $ / shares in Units, $ in Thousands	3 Months Ended
	Aug. 31, 2015USD ($)$ / sharesshares
Total repurchase authorization | $	$ 1,250
Repurchase of common shares	30,007
Repurchase of common shares, amount | $	$ 84
Shares available for future grant	1,462,261
Compensation of CEO in stock, amount | $	$ 27
Nonvested restricted stock	42,155
Weighted average grant date fair value, nonvested restricted stock | $ / shares	$ 3.11
Unamortized compensation expense of restricted shares | $	$ 18
Unamortized compensation expense weighted average period	1 month 21 days
Stock options forfeited during period	8,875
Weighted average exercise price, forfeited | $ / shares	$ 4.45
Stock options outstanding	69,875
Stock options exercisable	69,875
Weighted average exercise price, outstanding | $ / shares	$ 6.58
Weighted average exercise price, exercisable | $ / shares	$ 6.58
Weighted average remaining life	6 years 8 months 12 days
Restricted Stock [Member]
Stock compensation expense | $	$ 33

7. EARNINGS PER SHARE - Reconci

7. EARNINGS PER SHARE - Reconciliation of Numerator and Denominator for Basic and Diluted EPS Computations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Numerator:
Net income (loss) attributable to National American University Holdings, Inc.	$ (1,309)	$ 2,170
Denominator:
Weighted average shares outstanding used to compute basic net income per common share	25,190,039	25,122,423
Incremental shares issuable upon the assumed exercise of stock options	0	0
Incremental shares issuable upon the assumed vesting of restricted shares	0	18,957
Common shares used to compute diluted net income per share	25,190,039	25,141,380
Basic net income per common share	$ (0.05)	$ 0.09
Diluted net income per common share	$ (0.05)	$ 0.09

7. EARNINGS PER SHARE - Additio

7. EARNINGS PER SHARE - Additional Information (Details Narrative) - shares	3 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Equity Option [Member]
Computation Of Earnings Per Share Line Items [Line Items]
Number of shares excluded from calculation of diluted EPS	69,875	73,750
Restricted Stock [Member]
Computation Of Earnings Per Share Line Items [Line Items]
Number of shares excluded from calculation of diluted EPS	42,155
Number of shares with potentially diluted impact	30,541

9. FAIR VALUE MEASUREMENTS - Su

9. FAIR VALUE MEASUREMENTS - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Aug. 31, 2015	May. 31, 2015
Investments
Total assets at fair value	$ 4,374	$ 4,371
Fair Value, Inputs, Level 1 [Member]
Investments
Total assets at fair value	746	513
Fair Value, Inputs, Level 2 [Member]
Investments
Total assets at fair value	3,628	3,858
Fair Value, Inputs, Level 3 [Member]
Investments
Total assets at fair value	0	0
Certificate of Deposit [Member]
Investments
Total assets at fair value	3,628	4,102
Certificate of Deposit [Member] | Fair Value, Inputs, Level 1 [Member]
Investments
Total assets at fair value	0	244
Certificate of Deposit [Member] | Fair Value, Inputs, Level 2 [Member]
Investments
Total assets at fair value	3,628	3,858
Certificate of Deposit [Member] | Fair Value, Inputs, Level 3 [Member]
Investments
Total assets at fair value	0	0
Money Market Funds [Member]
Investments
Total assets at fair value	746	269
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Investments
Total assets at fair value	746	269
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Investments
Total assets at fair value	0	0
Money Market Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Investments
Total assets at fair value	$ 0	$ 0

9. FAIR VALUE MEASUREMENTS - Ad

9. FAIR VALUE MEASUREMENTS - Additional Information (Details Narrative) - USD ($) $ in Thousands	Aug. 31, 2015	May. 31, 2015
Fair Value Measurements - Additional Information Details Narrative
Estimated fair value of capital lease obligations	$ 12,040	$ 12,097

10. SEGMENT REPORTING - Financi

10. SEGMENT REPORTING - Financial Information of Reportable Segment (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Jul. 31, 2014	Aug. 31, 2015	Aug. 31, 2014	May. 31, 2015
REVENUE:
Academic revenue		$ 22,658	$ 26,676
Auxiliary revenue		1,716	1,881
Rental income - apartments		275	300
Condominium sales		0	447
Total revenue		24,649	29,304
OPERATING EXPENSES:
Cost of educational services		6,296	7,133
Selling, general & administrative		19,003	18,642
Auxiliary expense		1,266	1,303
Cost of condominium sales		0	368
Loss (gain) on disposition of property	$ (1,743)	0	(1,678)
Total operating expenses (income)		26,565	25,768
Loss (income) from operations		(1,916)	3,536
OTHER INCOME (EXPENSE):
Interest income		19	99
Interest expense		(219)	(229)
Other income - net		42	58
Total other (expense) income		(158)	(72)
Income (loss) before taxes		(2,074)	3,464
Total assets		82,057	88,389	$ 86,544
Nau [Member]
REVENUE:
Academic revenue		22,658	26,676
Auxiliary revenue		1,716	1,881
Rental income - apartments		0	0
Condominium sales		0	0
Total revenue		24,374	28,557
OPERATING EXPENSES:
Cost of educational services		6,296	7,133
Selling, general & administrative		18,625	18,133
Auxiliary expense		1,266	1,303
Cost of condominium sales		0	0
Loss (gain) on disposition of property		0	113
Total operating expenses (income)		26,187	26,682
Loss (income) from operations		(1,813)	1,875
OTHER INCOME (EXPENSE):
Interest income		18	10
Interest expense		(219)	(221)
Other income - net		0	0
Total other (expense) income		(201)	(211)
Income (loss) before taxes		(2,014)	1,664
Total assets		73,517	76,269
Other Segments [Member]
REVENUE:
Academic revenue		0	0
Auxiliary revenue		0	0
Rental income - apartments		275	300
Condominium sales		0	447
Total revenue		275	747
OPERATING EXPENSES:
Cost of educational services		0	0
Selling, general & administrative		378	509
Auxiliary expense		0	0
Cost of condominium sales		0	368
Loss (gain) on disposition of property		0	(1,791)
Total operating expenses (income)		378	(914)
Loss (income) from operations		(103)	1,661
OTHER INCOME (EXPENSE):
Interest income		1	89
Interest expense		0	(8)
Other income - net		42	58
Total other (expense) income		43	139
Income (loss) before taxes		(60)	1,800
Total assets		$ 8,540	$ 12,120