National American University (NAUH) 10-K 5 Aug 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	Nov. 30, 2016	Aug. 03, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	May 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	NAUH
Entity Registrant Name	National American University Holdings, Inc.
Entity Central Index Key	1,399,855
Current Fiscal Year End Date	--05-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding			28,480,381
Entity Public Float		$ 25,400,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 21,713	$ 23,300
Available for sale investments	4,117	4,102
Student receivables — net of allowance of $723 and $1,583 at May 31, 2016 and May 31, 2015, respectively	3,011	14,358
Other receivables	375	1,195
Income tax receivable	2,780	0
Deferred income taxes	2,621	2,335
Prepaid and other current assets	2,078	2,151
Total current assets	36,695	47,441
Total property and equipment - net	31,273	36,390
OTHER ASSETS:
Condominium inventory	621	385
Land held for future development	312	312
Course development — net of accumulated amortization of $3,051 and $2,760 at May 31, 2016 and May 31, 2015, respectively	817	804
Other	998	1,212
Total other assets	2,748	2,713
TOTAL	70,716	86,544
CURRENT LIABILITIES:
Current portion of capital lease payable	285	244
Accounts payable	2,913	3,246
Dividends payable	1,090	1,139
Income taxes payable	110	1
Deferred income	1,649	1,459
Accrued and other liabilities	5,861	6,746
Total current liabilities	11,908	12,835
DEFERRED INCOME TAXES	2,190	3,283
OTHER LONG-TERM LIABILITIES	4,686	6,047
CAPITAL LEASE PAYABLE, NET OF CURRENT PORTION	11,567	11,853
STOCKHOLDERS' EQUITY:
Common stock, $0.0001 par value (50,000,000 authorized; 28,472,129 issued and 24,140,972 outstanding as of May 31, 2016; 28,262,241 issued and 25,191,414 outstanding as of May 31, 2015)	3	3
Additional paid-in capital	58,893	58,336
Retained earnings	4,012	13,751
Treasury stock, at cost (4,331,157 shares at May 31, 2016 and 3,070,827 shares at May 31, 2015)	(22,477)	(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	40,429	52,634
Non-controlling interest	(64)	(108)
Total stockholders' equity	40,365	52,526
TOTAL	$ 70,716	$ 86,544

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Statement of Financial Position [Abstract]
Allowance for student receivables	$ 723	$ 1,583
Accumulated amortization of course development	$ 3,051	$ 2,760
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	28,472,129	28,262,241
Common stock, shares outstanding	24,140,972	25,191,414
Treasury stock, shares	4,331,157	3,070,827

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
REVENUE:
Academic revenue	$ 88,697	$ 108,360	$ 117,099
Auxiliary revenue	6,306	7,920	9,076
Rental income - apartments	1,110	1,164	1,138
Condominium sales	0	447	440
Total revenue	96,113	117,891	127,753
OPERATING EXPENSES:
Cost of educational services	26,093	28,551	29,478
Selling, general and administrative	72,211	73,301	85,286
Auxiliary expense	4,667	5,629	6,236
Cost of condominium sales	0	368	386
Loss (gain) on disposition of property	735	(1,710)	114
Total operating expenses	103,706	106,139	121,500
OPERATING (LOSS) INCOME	(7,593)	11,752	6,253
OTHER INCOME (EXPENSE):
Interest income	87	148	142
Interest expense	(870)	(891)	(770)
Other income - net	178	178	149
Total other expense	(605)	(565)	(479)
INCOME BEFORE INCOME TAXES	(8,198)	11,187	5,774
INCOME TAX BENEFIT (EXPENSE)	2,894	(4,433)	(2,306)
NET (LOSS) INCOME	(5,304)	6,754	3,468
NET (INCOME) LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST	(44)	(38)	17
NET (LOSS) INCOME ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC. AND SUBSIDIARIES	(5,348)	6,716	3,485
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX
Unrealized gains (losses) on investments, net of tax (expense) benefit of $(2), $1, and $19 for 2015, 2014 and 2013, respectively	(1)	2	(10)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	(1)	2	(10)
COMPREHENSIVE INCOME ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC.	$ (5,349)	$ 6,718	$ 3,475
Basic net earnings per share attributable to National American University Holdings, Inc.	$ (0.22)	$ 0.27	$ 0.14
Diluted net earnings per share attributable to National American University Holdings, Inc.	$ (0.22)	$ 0.27	$ 0.14
Basic weighted average shares outstanding	24,651,521	25,160,729	25,093,096
Diluted weighted average shares outstanding	24,651,521	25,165,732	25,094,361

CONSOLIDATED STATEMENTS OF INC5

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Income Statement [Abstract]
Unrealized (losses) gains on investments, tax	$ (1)	$ 2	$ (1)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common stock	Additional paid-in capital	Retained earnings	Treasury Stock	Accumulated other comprehensive income	Non-controlling interest	Total
Balance at May. 31, 2013	$ 3	$ 57,656	$ 12,610	$ (19,359)	$ 7	$ (129)	$ 50,788
Purchase of shares common stock for the treasury	0	0	0	(64)	0	0	(64)
Share based compensation expense	0	1,535	0	0	0	0	1,535
Dividends declared ($0.045 per share)	0	0	(4,522)	0	0	0	(4,522)
Net (loss) income	0	0	3,485	0	0	(17)	3,468
Other comprehensive (loss) income, net of tax	0	0	0	0	(10)	0	(10)
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	(32)	0	0	(32)
Share based compensation expense	0	(855)	0	0	0	0	(855)
Dividends declared ($0.045 per share)	0	0	(4,538)	0	0	0	(4,538)
Net (loss) income	0	0	6,716	0	0	38	6,754
Other comprehensive (loss) income, net of tax	0	0	0	0	2	0	2
Balance at May. 31, 2015	3	58,336	13,751	(19,455)	(1)	(108)	52,526
Purchase of shares common stock for the treasury				(3,022)			(3,022)
Share based compensation expense		557					557
Dividends declared ($0.045 per share)			(4,391)				(4,391)
Net (loss) income			(5,348)				(5,304)
Other comprehensive (loss) income, net of tax					(1)		(1)
Balance at May. 31, 2016	$ 3	$ 58,893	$ 4,012	$ (22,477)	$ (2)	$ (64)	$ 40,365

CONSOLIDATED STATEMENTS OF STO7

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Statement of Stockholders' Equity [Abstract]
Number of common shares for treasury	1,260,330	10,454	17,190
Dividends declared, per share	$ .045	$ 0.045	$ 0.045

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (5,304)	$ 6,754	$ 3,468
Adjustments to reconcile net income to net cash flows provided by (used in) operating activities:
Depreciation and amortization	5,596	6,127	6,356
(Gain) loss on disposition of property and equipment	735	(1,710)	114
Provision for uncollectable tuition	5,403	5,602	3,879
Noncash compensation expense	557	(855)	1,535
Deferred income taxes	(1,379)	(1,534)	(1,881)
Changes in assets and liabilities:
Student and other receivables	6,764	(4,332)	(16,383)
Prepaid and other current assets	73	(53)	(1,257)
Condominium inventory	(236)	367	382
Other assets	202	(19)	66
Income tax receivable/payable	(2,671)	(1,157)	1,280
Accounts payable	(372)	230	(1,839)
Deferred income	190	149	146
Accrued and other liabilities	(891)	(337)	92
Other long-term liabilities	(1,361)	(384)	(48)
Net cash flows provided by (used in) operating activities	7,306	8,848	(4,090)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale investments	(3,897)	(50,141)	(36,980)
Proceeds from sale of available for sale investments	3,881	61,478	42,277
Purchases of property and equipment	(959)	(1,311)	(4,532)
Proceeds from sale of property and equipment	75	3,628	503
Course development	(304)	(143)	(247)
Payment of deposit on property and equipment	0	0	(200)
Payments received on contract for deed	6	160	296
Payments received on note receivable	0	1,390	641
Other	11	8	(31)
Net cash flows provided by (used in) investing activities	(1,187)	15,069	1,727
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of capital lease payable	(244)	(206)	(157)
Purchase of treasury stock	(3,022)	(32)	(64)
Dividends paid	(4,440)	(4,533)	(4,392)
Net cash flows used in financing activities	(7,706)	(4,771)	(4,613)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,587)	19,146	(6,976)
CASH AND CASH EQUIVALENTS - Beginning of year	23,300	4,154	11,130
CASH AND CASH EQUIVALENTS - End of year	21,713	23,300	4,154
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:
Cash paid for income taxes, net of refunds	1,156	7,124	2,907
Cash paid for interest	871	885	787
Tenant improvements on capital lease financed through note receivable	0	0	2,000
Property and equipment purchases included in accounts payable	63	24	419
Dividends declared at May 31, 2015, 2014 and 2013	$ 1,090	$ 1,139	$ 1,134

STATEMENT PRESENTATION AND BASI

STATEMENT PRESENTATION AND BASIS OF CONSOLIDATION	12 Months Ended
	May 31, 2016
Accounting Policies [Abstract]
STATEMENT PRESENTATION AND BASIS OF CONSOLIDATION	The accompanying 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”), Fairway Hills, the Fairway Hills Park and Recreational Association, the Park West Owners’ Association, the Vista Park Owners’ Association, and the Company’s interest in Fairway Hills Section III Partnership (the “Partnership”). The Partnership is 50% owned by Dlorah and 50% owned by individual family members, most of whom are either direct or indirect stockholders of the Company. The Partnership is deemed to be a variable interest entity (“VIE”) under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810-10, Consolidation. The Company has determined that the Partnership qualifies as a VIE and that the Company is the primary beneficiary of the Partnership. Accordingly, the Company consolidated assets, liabilities, and net income of the Partnership within its consolidated balance sheets and statements of operations and comprehensive income and appropriately presented the balances as non-controlling interest within the consolidated balance sheets. As of May 31, 2016 and 2015, the consolidated balance sheets include Partnership assets of $611 and $685, respectively, and Partnership liabilities of $91 and $94, respectively. The consolidated statements of operations and comprehensive income include Partnership net income (loss) of $88, $75, and $(34), for the years ended May 31, 2016, 2015, and 2014, respectively. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Throughout the notes to consolidated financial statements, amounts in tables are in thousands of dollars, except for per share data as otherwise designated. The Company’s fiscal year end is May 31. These financial statements include consideration of subsequent events through issuance. All intercompany transactions and balances have been eliminated in consolidation. 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

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	May 31, 2016
Accounting Policies [Abstract]
NATURE OF OPERATIONS	National American University Holdings, Inc., formerly known as Camden Learning Corporation, was incorporated in the State of Delaware on April 10, 2007. On November 23, 2009, Dlorah, Inc., a South Dakota corporation (“Dlorah”), became a wholly-owned subsidiary of the Company pursuant to an Agreement and Plan of Reorganization between the Company and Dlorah. 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, bachelors, masters and doctoral degree programs in allied health, legal studies, education, business, accounting and information technology. Courses are offered through educational sites and online. During the fiscal year ended May 31, 2016, operations include educational sites located in Colorado, Indiana, Kansas, Minnesota, Missouri, Nebraska, New Mexico, Oklahoma, Oregon, South Dakota, and Texas; distance learning service center in 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 Rapid City, South Dakota. Approximately 92% of the Company’s total revenues for each of the years ended May 31, 2016, 2015, and 2014, respectively, were derived from NAU’s academic revenue.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	May 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Cash and Cash Equivalents Investments The Company’s investments were comprised of the following at May 31: 2016 2015 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value Certificate of Deposits $ 4,119 $ - $ (2 ) $ 4,117 $ 4,102 $ - $ - $ 4,102 As of May 31, 2016, the Company’s investments all mature in one to three years. Declines in the fair value of individual securities classified as available-for-sale below their amortized cost that are determined to be other than temporary result in write-downs of the individual securities to their fair value, with the resulting write-downs included in current earnings as realized losses. Unrealized losses that may occur are generally due to changes in interest rates and, as such, are considered by the Company to be temporary. Management evaluates securities for other-than-temporary impairment on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investments in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. The Company had no impairments during the year ended May 31, 2016. Student Receivables Other Receivables Property and Equipment Years Buildings and building improvements 19–40 Land improvements 10–20 Furniture, vehicles, and equipment 5–15 For tax purposes, depreciation is computed using the straight-line and accelerated methods. Property and equipment — net consists of the following as of May 31 (in thousands): 2016 2015 Land $ 119 $ 119 Land improvements 23 23 Buildings and building improvements 39,759 40,718 Furniture, vehicles, and equipment 27,904 28,171 Total gross property and equipment 67,805 69,031 Less accumulated depreciation (36,532 ) (32,641 ) Total net property and equipment $ 31,273 $ 36,390 Condominium Inventory Capitalized Course Development Costs The Company capitalizes course development costs. Costs that qualify for capitalization are external direct costs, payroll, and payroll-related costs. Costs related to general and administrative functions are not capitalizable and are expensed as incurred. Capitalization ends at such time that the course and/or material is available for general use by faculty and students. After becoming available for general use, the costs are amortized on a course-by-course basis over a period of three to five years. After the amortization period commences, the cost of maintenance and support is expensed as incurred, because it does not provide future benefit. If it is determined that the curriculum will not be used, the capitalized curriculum costs are written off and expensed in the period of this determination. Impairment of Long-Lived Assets During November 2015, the Company announced the closure of the Denver campus, effective February 29, 2016. In January 2016, the Company announced the closure of two additional campuses: Weldon Spring, Missouri and Tigard, Oregon, both effective March 1, 2016. Due to the closure of these three campuses, undepreciated leasehold improvements and other fixed assets of $85, $328 and $394, respectively, were fully written off during the year ended May 31, 2016. The write-down is included in loss on disposition of property, within the NAU segment, in the consolidated financial statements. The Company had no impairments in 2015 or 2014. Deferred Income Taxes Non-Controlling Interest Leases Academic Revenue Recognition Auxiliary Revenue Rental Income Rental Expense Advertising

RECENTLY ADOPTED AND NEW ACCOUN

RECENTLY ADOPTED AND NEW ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	May 31, 2016
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 In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) Leases In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting

DEPARTMENT OF EDUCATION REQUIRE

DEPARTMENT OF EDUCATION REQUIREMENTS	12 Months Ended
	May 31, 2016
Text Block [Abstract]
DEPARTMENT OF EDUCATION REQUIREMENTS	The University extends unsecured credit to a portion of the students who are enrolled throughout the campuses for tuition and other educational costs. A substantial portion of credit extended to students is repaid through the students’ participation in various federal financial aid programs authorized by Title IV Higher Education Act of 1965, as amended (the “Higher Education Act”). The University is required under 34 CFR 600.5(d) to maintain at least 10% of its revenues (calculated on a cash basis) from non-Title IV program funds, commonly referred to as the “90/10 Rule”. An institution is subject to loss of eligibility to participate in Title IV programs if it fails to meet the 10% threshold for two consecutive fiscal years. If the Company were to violate the 90/10 Rule, it would become ineligible to participate in Title IV programs as of the first day of the fiscal year following the second consecutive fiscal year in which it exceeded the 90% Title IV program funds threshold and would be unable to regain eligibility for two fiscal years thereafter. The University believes they are in compliance with this requirement for the years ended May 31, 2016, 2015 and 2014, as shown in the underlying calculation: 2016 2015 2014 Title IV HEA funds received $ 90,238 $ 106,305 $ 107,333 Academic revenue $ 103,904 =86.85% $ 119,200 =89.18% $ 120,169 =89.32% (cash basis) To participate in Title IV Programs, a school must be authorized to offer its programs of instruction by relevant state education agencies, be accredited by an accrediting commission recognized by the U.S. Department of Education (the “Department of Education”), and be certified as an eligible institution by the Department of Education. For this reason, educational institutions are subject to extensive regulatory requirements imposed by all of these entities. After an educational institution receives the required certifications by the appropriate entities, the educational institution must demonstrate compliance with the Department of Education’s regulations pertaining to Title IV Programs on an ongoing basis. Included in these regulations is the requirement that the Company must satisfy specific standards of financial responsibility. The Department of Education evaluates educational institutions for compliance with these standards each year, based upon an educational institution’s annual audited financial statements, as well as following any changes in ownership. Under regulations which took effect July 1, 1998, the Department of Education calculates an educational institution’s composite score for financial responsibility based on its (i) equity ratio, which measures the educational institution’s capital resources, ability to borrow and financial viability; (ii) primary reserve ratio, which measures the educational institution’s ability to support current operations from expendable resources; and (iii) net income ratio, which measures the educational institution’s ability to operate at a profit. This composite score can range from -1 to +3. An educational institution that does not meet the Department of Education’s minimum composite score requirements of 1.5 may establish its financial responsibility by posting a letter of credit or complying with additional monitoring procedures as defined by the Department of Education. Based on the consolidated financial statements for the 2016, 2015 and 2014 fiscal years, the University’s calculations result in a composite score of 1.8, 3.0, and 2.3, respectively. Therefore the University currently meets the minimum composite score requirement as most recently required by the Department of Education. Finally, to remain eligible to participate in Title IV programs, an educational institution’s student loan cohort default rates must remain below certain specified levels. An educational institution loses eligibility to participate in Title IV programs if its cohort default rate equals or exceeds 40% for any given year or 30% for three consecutive years. Our official cohort default rates for federal fiscal years 2012 and 2011 are 20.8% and 21.4%, respectively. The draft cohort rate for federal fiscal year 2013 is 23.7%. The University’s current certification to participate in the Title IV programs, which is not provisional, was effective in June 2013 and extends through March 31, 2019.

CONDOMINIUM PROJECT

CONDOMINIUM PROJECT	12 Months Ended
	May 31, 2016
Text Block [Abstract]
CONDOMINIUM PROJECT	The Company built 24 condominium units to be sold to the general public called Vista Park. These condominium units are accounted for within condominium inventory within the consolidated balance sheets, and the sales of the condominium units are recorded within condominium sales within the consolidated statements of income and comprehensive income. No units were sold in the year ended May 31, 2016; a total of twelve units were sold from the inception of the project through year ended May 31, 2016.

CONTRACT FOR DEED

CONTRACT FOR DEED	12 Months Ended
	May 31, 2016
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 9 for capital lease on new campus). The sale did not meet the accounting requirements to be consummated and was not recorded at this time. On July 11, 2014, the contract for deed was settled. The Company collected the outstanding proceeds, which included $3,230 of 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.

LINES OF CREDIT

LINES OF CREDIT	12 Months Ended
	May 31, 2016
Debt Disclosure [Abstract]
LINES OF CREDIT	The University maintained a $3,000 unsecured revolving line of credit with Great Western Bank that was subject to annual renewals and matured on May 31, 2016. The Company chose not to renew the line for the next fiscal year due to adequate cash available. Advances under the line bore interest at prime (3.50% at May 31, 2016). No advances were made on this line of credit in 2016, 2015 or 2014.

LEASES

LEASES	12 Months Ended
	May 31, 2016
Leases [Abstract]
LEASES	The University leases building facilities for branch operations and equipment for classroom operations under operating leases with various terms and conditions. Total rent expense for the years ended May 31, 2016, 2015 and 2014, was $5,737, $6,037, and $6,025, respectively, which is included in selling, general, and administrative expenses on the consolidated statements of operations and comprehensive income. Future minimum lease payments on non-cancelable operating leases for the five years ending May 31 are as follows (in thousands)- 2017 $ 6,028 2018 6,039 2019 5,769 2020 5,213 2021 4,139 Thereafter 9,376 Future minimum lease payments include the remaining lease payments for the Tigard and Weldon Spring campuses. The associated lease payments were not accelerated because we are still receiving economic benefit from the leases. The Denver campus lease terminated on February 29, 2016; therefore, is not included in the payments listed above. 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 (see Note 7). 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 $1,373 remaining balance of the note receivable. The Company is obligated to make future payments under the capital lease obligation, which totaled $20.3 million, had a net present value of $11.9 million as of May 31, 2016, and was recognized as current and non-current capital lease payable of $285 and $11,567 at May 31, 2016 and $244 and $11,853 at May 31, 2015, respectively. The asset totals $10,600, and accumulated depreciation totals $2,429 and $1,899 at May 31, 2016 and 2015, respectively. The net amount is included in net property and equipment in the consolidated balance sheets. The following is a schedule of future minimum commitments under the revised capital lease obligation as of May 31, 2016: 2017 $ 1,137 2018 1,159 2019 1,183 2020 1,207 2021 1,231 Thereafter 14,370 Total future minimum lease obligation $ 20,287 Less: Imputed interest on capital leases (8,435 ) Net present value of lease obligations $ 11,852

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	May 31, 2016
Equity [Abstract]
STOCKHOLDERS' EQUITY	The authorized capital stock for the Company is 51,100,000 shares, 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, 24,140,972 and 25,191,414 shares of common stock were outstanding as of May 31, 2016 and 2015, respectively. No shares of preferred stock or Class A common stock were outstanding at May 31, 2016 and 2015. Stock Repurchase Plan On August 6, 2015, the Company’s Board of Directors authorized the repurchase of up to 350,000 shares, for aggregate consideration not to exceed $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 year ended May 31, 2016, the Company repurchased 353,581 shares for $868 under this authorization. In addition, the Company repurchased 853,073 shares of its outstanding common stock for $2,039 from a single unrelated shareholder. This repurchase was approved by the Company’s Board of Directors and was separate from the August 6, 2015 repurchase authorization. On February 12, 2016, the Company announced that its Board of Directors authorized the Company to repurchase up to $500 worth of shares of its common stock in open market or privately negotiated transactions, at a price of $1.75 or less per share, for aggregate consideration not to exceed $500, to be implemented during a period of one year from the date the stock repurchase plan is announced to the public. During the year ended May 31, 2016, the Company repurchased 30,440 shares for $50 under this authorization. During the years ended May 31, 2016 and 2015, respectively, $65 and $32 of additions to treasury stock resulted from the settlement of stock-based compensation. 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, generally 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 May 31, 2016, 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 May 31, 2016, 431,397 shares of common stock remain available for issuance under the Plan. In October 2013, the Company’s Board of Directors adopted 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. Shares forfeited or canceled are eligible for reissuance under the Plan. At May 31, 2016, 750,000 shares of common stock remain 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 year ended May 31, 2015, the Company awarded 42,155 restricted stock awards with time based vesting at a grant date fair value of $3.11 per share to members of the board of directors. These shares vested on October 20, 2015. During the year ended May 31, 2015, 580,000 RSUs granted June 1, 2013 under the 2013 Plan were canceled and the related compensation expense previously recorded of $1,170 was reversed as the performance criteria was not attained. During the quarter ended November 30, 2015, the Company issued 187,500 restricted stock units (“RSUs”) with performance based vesting under the 2013 Plan. The number of shares to be earned was determined by the Company’s profitability and other operating metrics during the year ended May 31, 2016. The grant date fair value of the RSUs was $3.06 per share. No expense was recorded as targeted profitability and operating metrics were not attained and all shares were canceled on May 31, 2016. During the year ended May 31, 2016, the Company awarded 40,485 restricted stock awards with time based vesting at a grant date fair value of $2.47 per share to members of the board of directors. Shares vest one year from the grant date and require board service for the entire year. Compensation expense associated with restricted stock awards, totaled $116 for the year ended May 31, 2016. For the year ended May 31, 2015 compensation expense for restricted stock awards totaled $122, and a reversal of $1,170 associated with the performance based restricted stock units canceled was recorded. For the year ended May 31, 2014, compensation totaled $82 for restricted stock awards and $1,170 for performance based restricted stock units. At May 31, 2016, unamortized compensation cost of restricted stock awards totaled $35. The unamortized cost is expected to be recognized over a weighted-average period of 0.4 years as of May 31, 2016. A summary of restricted share awards activity as of May 31, 2016 and 2015, and the changes during the years then ended is presented below: Restricted Shares Shares Weighted Average Grant Date Fair Value Non-vested shares at May 31, 2014 608,170 $ 4.01 Granted 42,155 3.11 Vested (28,170 ) 3.55 Forfeited (580,000 ) 4.03 Non-vested shares at May 31, 2015 42,155 $ 3.11 Granted 40,485 2.47 Vested (42,155 ) 3.11 Forfeited 0 0 Non-vested shares at May 31, 2016 40,485 $ 2.47 Unrestricted stock Unrestricted stock is issued to certain employees in settlement of a portion of their salaries and bonuses. Compensation expense in the consolidated statements of operations and comprehensive income associated with these unrestricted stock issuances totaled $320, $166 and $261, respectively, for the years ended May 31, 2016, 2015, and 2014. 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 consolidated statements of operations and comprehensive income as selling, general and administrative expense based on their fair value over the requisite service period. For stock options issued during the years ended May 31, 2016 and 2015, the following assumptions were used to determine fair value: Assumptions used: 2016 2015 Expected term (in years) 5.75 5.50 Expected volatility 50.40 % 51.40 % Weighted average risk free interest rate 1.54 % 1.52 % Weighted average risk free interest rate range 1.54-1.54 % 1.52-1.52 % Weighted average expected dividend 5.92 5.79 % Weighted average expected dividend range 5.92-5.92 % 5.79-5.79 % Weighted average fair value $ 0.84 $ 0.88 Expected volatilities are based on historic volatilities from the traded shares of NAUH. 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 May 31, 2016 and 2015, and changes during the years then ended is presented below: Stock Options Shares Weighted average exercise price Weighted average remaining contractual life (in years) Aggregate intrinsic value Outstanding at May 31, 2014 75,750 $ 7.17 7.6 $ 0 Granted 12,500 3.11 Exercised 0 0 Forfeited or canceled (9,500 ) 8.70 Outstanding at May 31, 2015 78,750 $ 6.34 7.1 $ 0 Exercisable at May 31, 2015 66,250 $ 6.85 6.8 $ 0 Outstanding at May 31, 2015 78,750 $ 6.34 7.1 $ 0 Granted 148,475 3.06 Exercised 0 0 Forfeited or canceled (34,875) 4.67 Outstanding at May 31, 2016 192,350 $ 4.11 8.4 $ 0 Exercisable at May 31, 2016 192,350 $ 4.11 8.4 $ 0 The Company recorded compensation expense for stock options of $121, $27 and $22, for the years ended May 31, 2016, 2015 and 2014, respectively, in the consolidated statements of operations. As of May 31, 2016, there was no unrecognized compensation cost related to unvested stock option based compensation arrangements granted under the Plan. The Company plans to issue new shares as settlement of options exercised. There were no options exercised during the years ended May 31, 2016 or 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 October 9, 2015 $ 0.0450 October 5, 2015 December 31, 2015 January 15, 2016 $ 0.0450 January 23, 2016 March 31, 2016 April 8, 2016 $ 0.0450 April 4, 2016 June 30, 2016 July 8, 2016 $ 0.0450

EMPLOYEE COMPENSATION PLANS

EMPLOYEE COMPENSATION PLANS	12 Months Ended
	May 31, 2016
Postemployment Benefits [Abstract]
EMPLOYEE COMPENSATION PLANS	Employee Benefit Plan Payable Compensation Plans In addition, the Company has an approved Senior Executive Level Officer Compensation Plan and a Named Executive Officer Compensation Plan. Each compensation plan has a base salary component, quarterly achievement award component and an annual achievement award component as defined in the agreements.

SELF-INSURED HEALTH INSURANCE

SELF-INSURED HEALTH INSURANCE	12 Months Ended
	May 31, 2016
Text Block [Abstract]
SELF-INSURED HEALTH INSURANCE	The Company maintains a self-insured health insurance plan for employees. Under this plan, the Company pays a monthly fee to its administrator, as well as claims submitted by its participants. As there generally is a lag between the time a claim is incurred by a participant and the time the claim is submitted, the Company has recorded a liability for outstanding claims of $381 and $340 at May 31, 2016 and 2015, respectively. Such liability is reported within accrued and other liabilities in the consolidated balance sheets.

INCOME TAXES

INCOME TAXES	12 Months Ended
	May 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	Components of the provision for income taxes for the years ended May 31, 2016, 2015 and 2014, were as follows: 2016 2015 2014 Current tax (benefit) expense: Federal $ (1,579 ) $ 5,216 $ 3,678 State 64 751 509 (1,515 ) 5,967 4,187 Deferred tax (benefit): Federal (1,183 ) (1,396 ) (1,740 ) State (196 ) (138 ) (141 ) (1,379 ) (1,534 ) (1,881 ) Total tax (benefit) expense $ (2,894 ) $ 4,433 $ 2,306 The effective tax rate varies from the statutory federal income tax rate for the following reasons: 2016 2015 2014 Statutory (34.0 )% 34.0 % 34.0 % State income taxes — net of federal benefit (1.9 ) 3.6 4.2 Permanent differences and other 0.6 2.0 1.7 Effective income tax rate (35.3 )% 39.6 % 39.9 % Deferred income taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred assets (liabilities) as of May 31 were as follows: 2016 2015 Deferred income tax assets: Account receivable allowances $ 317 $ 616 Bad debt write-offs 2,131 1,544 Other 60 130 Accrued salaries 623 717 Start up costs 246 276 Capital lease obligations 4,445 4,536 Net operating loss carryforwards - expires 2021-2036 155 - Deferred rent 2,037 2,268 Total deferred income tax assets 10,014 10,087 Deferred income tax liabilities: Fixed assets and course development (9,133 ) (10,493 ) Prepaid expenses (450 ) (542 ) Total deferred income tax liabilities (9,583 ) (11,035 ) Net deferred income tax assets (liabilities) $ 431 $ (948 ) The Company considered a valuation allowance for the deferred income tax assets. No valuation allowance was recorded for the past three years because we believe it is more likely than not that all deferred tax asset will be realized. The Company follows the guidance of ASC Topic 740, Income Taxes Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109, The Company files income tax returns in the U.S. federal jurisdiction and various states. Because of closure of an Internal Revenue Service examination, the Company is generally no longer subject to U.S. federal income tax or state and local tax examinations for years before 2012.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	May 31, 2016
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: For the year ended May 31, 2016 2015 2014 Numerator: Net (loss) income attributable to National American University Holdings, Inc. $ (5,349 ) $ 6,718 $ 3,475 Denominator: Weighted average shares outstanding used to compute basic net income per common share 24,651,521 25,160,729 25,093,096 Incremental shares issuable upon the assumed exercise of stock options - - - Incremental shares issuable upon the assumed vesting of restricted shares - 5,003 1,265 Common shares used to compute diluted net income per share 24,651,521 25,165,732 25,094,361 Basic net (loss) income per common share (0.22 ) $ 0.27 $ 0.14 Diluted net (loss) income per common share $ (0.22 ) $ 0.27 $ 0.14 A total of 192,350, 78,750 and 75,750 shares of common stock subject to issuance upon exercise of stock options for the years ended May 31, 2016, 2015 and 2014, respectively, have been excluded from the calculation of diluted EPS as the effect would have been anti-dilutive. A total of 82,640 shares of common stock subject to vesting and issuance upon exercise of restricted stock for the year ended May 31, 2016 (7,446 of these shares had potential dilutive impact for the year ended May 31, 2016), have been excluded from the calculation of diluted EPS as the effect would have been antidilutive.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	May 31, 2016
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. On November 21, 2014, the U.S. Department of Education notified NAU of its final audit determination with respect to the Title IV compliance audit for the period June 1, 2012 through May 31, 2013. The final audit determination asserts that NAU improperly disbursed Title IV program funds to students at the Wichita West campus location before it was approved as an additional location for Title IV program participation requirements by the Department in August 2013. This resulted in a requirement to return approximately $664 in Title IV funds and assessed interest to the Department, as it is deemed a return of previously recorded revenue. This amount was timely remitted and is shown as a direct reduction of academic revenue during the year ended May 31, 2015.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	May 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Following is a description of each category in the fair value hierarchy and the financial assets and liabilities of the Company that are included in each category at May 31, 2016 and 2015: Level 1 Level 2 – · Determining which instruments are most similar to the instrument being priced requires management to identify a sample of similar securities based on the coupon rates, maturity, issuer, credit rating and instrument type, and subjectively selecting an individual security or multiple securities that are deemed most similar to the security being priced; and · Determining whether a market is considered active requires management judgment. Level 3 – 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 May 31, 2016 Investments: Certificates of deposit $ 0 $ 4,117 $ 0 $ 4,117 Money market accounts included in cash equivalents 38 0 0 38 Total assets at fair value $ 38 $ 4,117 $ 0 $ 4,155 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 balance sheets at fair value on a recurring basis: Certificates of Deposit (“CD’s”) and money market accounts: Fair value of financial instruments:

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	May 31, 2016
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 reportable segments: NAU and other. The NAU segment contains the revenues and expenses associated with the University operations. The Company considers each campus location to be an operating segment, and they are aggregated into the NAU segment for financial reporting purposes. The Other segment contains primarily real estate. 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: For the year ended May 31, For the year ended May 31, For the year ended May 31, 2016 2015 2014 Consolidated Consolidated Consolidated NAU Other Total NAU Other Total NAU Other Total Revenue: Academic $ 88,697 $ - $ 88,697 $ 108,360 $ - $ 108,360 $ 117,099 $ - $ 117,099 Auxiliary 6,306 - 6,306 7,920 - 7,920 9,076 - 9,076 Rental income apartments - 1,110 1,110 - 1,164 1,164 - 1,138 1,138 Condominium sales - - - - 447 447 - 440 440 Total revenue 95,003 1,110 96,113 116,280 1,611 117,891 126,175 1,578 127,753 Operating expenses: Cost of educational services 26,093 - 26,093 28,551 - 28,551 29,478 - 29,478 Selling, general & administrative 70,819 1,392 72,211 71,681 1,620 73,301 83,627 1,659 85,286 Auxiliary 4,667 - 4,667 5,629 - 5,629 6,236 - 6,236 Cost of condominium sales - - - - 368 368 - 386 386 Loss (gain) on disposition of property 810 (75) 735 114 (1,824) (1,710) 211 (97) 114 Total operating expenses 102,389 1,317 103,706 105,975 164 106,139 119,552 1,948 121,500 (Loss) income from operations (7,386) (207) (7,593) 10,305 1,447 11,752 6,623 (370) 6,253 Other income (expense): Interest inc 80 7 87 51 97 148 54 88 142 Interest exp (870) - (870) (883) (8) (891) (769) (1) (770) Other income (loss) - net - 178 178 - 178 178 - 149 149 Total other (expense) income (790) 185 (605) (832) 267 (565) (715) 236 (479) (Loss) income before taxes $ (8,176) $ (22) $ (8,198) $ 9,473 $ 1,714 $ 11,187 $ 5,908 $ (134) $ 5,774 As of and for the Year Ended As of and for the Year Ended As of and for the Year Ended May 31, 2016 May 31, 2015 May 31, 2014 Consolidated Consolidated Consolidated NAU Other Total NAU Other Total NAU Other Total Total assets $ 61,694 $ 9,022 $ 70,716 $ 78,042 $ 8,502 $ 86,544 $ 76,383 $ 12,074 $ 88,457 Expenditures for long-lived assets $ 710 $ 249 $ 959 $ 859 $ 452 $ 1,311 $ 3,094 $ 1,438 $ 4,532 Depreciation & amortization $ 5,058 $ 538 $ 5,596 $ 5,546 $ 581 $ 6,127 $ 5,765 $ 591 $ 6,356

SUMMARIZED QUARTERLY FINANCIAL

SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	May 31, 2016
Quarterly Financial Information Disclosure [Abstract]
SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED)	The following table sets forth selected unaudited quarterly financial information for the last eight quarters. Quarter First Second Third Fourth Fiscal Year Ended May 31, 2016 Revenues $ 24,649 $ 25,739 $ 22,678 $ 23,047 Operating loss (1,916 ) (1,358 ) (2,844 ) (1,475 ) Net loss (1,298 ) (1,170 ) (1,875 ) (961 ) Net loss attributable to NAUH and Subsidiaries (1,309 ) (1,178 ) (1,891 ) (970 ) Net loss per share (common): Basic (0.05 ) (0.05 ) (0.08 ) (0.04 ) Diluted (0.05 ) (0.05 ) (0.08 ) (0.04 ) Fiscal Year Ended May 31, 2015 Revenues Operating income $ 29,304 $ 30,638 $ 29,083 $ 28,866 Net income 3,536 4,698 2,581 937 Net income attributable to 2,168 2,840 1,478 268 NAUH and Subsidiaries Net income per share (common): 2,170 2,826 1,464 256 Basic 0.09 0.11 0.06 0.01 Diluted 0.09 0.11 0.06 0.01

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	May 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	We evaluated subsequent events after the balance sheet date through the date the consolidated financial statements were issued. In June and July 2016, Dlorah, Inc. entered into construction contracts totaling approximately $4.5 million on a 24-unit apartment building and a new administrative building. Construction will be funded through operations and is expected to be complete in June, 2017. 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 financial statements.

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	May 31, 2016
Cash and Cash Equivalents	The Company considers all highly liquid debt instruments with original maturities of three months or less to be cash equivalents. Cash is held in bank accounts that periodically exceed insured limits; however, no losses have occurred, and the Company feels the risk of loss is not significant.
Investments	The Company’s investments were comprised of the following at May 31: 2016 2015 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value Certificate of Deposits $ 4,119 $ - $ (2 ) $ 4,117 $ 4,102 $ - $ - $ 4,102 As of May 31, 2016, the Company’s investments all mature in one to three years. Declines in the fair value of individual securities classified as available-for-sale below their amortized cost that are determined to be other than temporary result in write-downs of the individual securities to their fair value, with the resulting write-downs included in current earnings as realized losses. Unrealized losses that may occur are generally due to changes in interest rates and, as such, are considered by the Company to be temporary. Management evaluates securities for other-than-temporary impairment on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investments in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. The Company had no impairments during the year ended May 31, 2016.
Student Receivables	Student receivables are recorded at estimated net realizable value and are revised periodically based on estimated future collections. Interest and service charges are applied to all past due student receivables; however, collections are first applied to principal balances until such time that the entire principal balance has been received. Student accounts are charged off only when reasonable collection means are exhausted. Bad debt expense is included in selling, general and administrative expenses on the consolidated statements of operations.
Other Receivables	Other Receivables consist primarily of the current portion of institutional receivables, which are amounts due from students and are stated at net realizable value. Long-term portion of these institutional receivables are included in other assets.
Property and Equipment	Property and equipment are stated at cost. Renewals and improvements exceeding five hundred dollars are capitalized, while repairs and maintenance are expensed when incurred. Upon the retirement, sale or disposition of assets, costs and related accumulated depreciation are eliminated from the accounts and any gain or loss is reflected in loss (gain) in disposition of property. For financial statement purposes, depreciation includes the depreciation of the capital lease asset in the amount of $530 for each of the fiscal years 2016, 2015 and 2014. Total depreciation and amortization expense in operating expenses was $5,596, $6,127, and $6,356 for the fiscal years 2016, 2015 and 2014, respectively. The amortization portion of these amounts relates to capitalized course development costs and was $291, $339, and $354 for the fiscal years 2016, 2015 and 2014, respectively. Depreciation is computed using the straight-line method over the following estimated useful lives: Years Buildings and building improvements 19–40 Land improvements 10–20 Furniture, vehicles, and equipment 5–15 For tax purposes, depreciation is computed using the straight-line and accelerated methods. Property and equipment — net consists of the following as of May 31 (in thousands): 2016 2015 Land $ 119 $ 119 Land improvements 23 23 Buildings and building improvements 39,759 40,718 Furniture, vehicles, and equipment 27,904 28,171 Total gross property and equipment 67,805 69,031 Less accumulated depreciation (36,532 ) (32,641 ) Total net property and equipment $ 31,273 $ 36,390
Condominium Inventory	Condominium inventory is stated at cost (including capitalized interest). Condominium construction costs are accumulated on a specific identification basis. Under the specific identification basis, cost of revenues includes all applicable land acquisition, land development and specific construction costs (including direct and indirect costs) of each condominium paid to third parties. Land acquisition, land development and condominium construction costs do not include employee related benefit costs. The specific construction and allocated land costs of each condominium, including models, are included in direct construction. Allocated land acquisition and development costs are estimated based on the total costs expected in a project. Direct construction also includes amounts paid through the closing date of the condominium for construction materials and contractor costs. Condominium inventory is recorded as a long term asset due to the normal operating cycle being greater than one year.
Capitalized Course Development Costs	The University internally develops curriculum and electronic instructional materials for certain courses. The curriculum is primarily developed by employees and contractors. The curriculum is integral to the learning system. Customers do not acquire the curriculum or future rights to it. The Company capitalizes course development costs. Costs that qualify for capitalization are external direct costs, payroll, and payroll-related costs. Costs related to general and administrative functions are not capitalizable and are expensed as incurred. Capitalization ends at such time that the course and/or material is available for general use by faculty and students. After becoming available for general use, the costs are amortized on a course-by-course basis over a period of three to five years. After the amortization period commences, the cost of maintenance and support is expensed as incurred, because it does not provide future benefit. If it is determined that the curriculum will not be used, the capitalized curriculum costs are written off and expensed in the period of this determination.
Impairment of Long-Lived Assets	Long-lived assets are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. For assets that are to be held and used, an impairment loss is recognized when the estimated undiscounted cash flows associated with the asset or group of assets is less than their carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying value and fair value. Fair values are determined based on quoted market values, discounted cash flows, or internal and external appraisals, as applicable. Assets to be held for sale are carried at the lower of carrying value or fair value, less cost to sell. During November 2015, the Company announced the closure of the Denver campus, effective February 29, 2016. In January 2016, the Company announced the closure of two additional campuses: Weldon Spring, Missouri and Tigard, Oregon, both effective March 1, 2016. Due to the closure of these three campuses, undepreciated leasehold improvements and other fixed assets of $85, $328 and $394, respectively, were fully written off during the year ended May 31, 2016. The write-down is included in loss on disposition of property, within the NAU segment, in the consolidated financial statements. The Company had no impairments in 2015 or 2014.
Deferred Income Taxes	Deferred income taxes are provided using the asset and liability method whereby deferred tax assets and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. We recognize a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion, or all, of a deferred tax asset will not be realized.
Non-Controlling Interest	The non-controlling interest presented on the consolidated statements of operations and comprehensive income represents the individual owners’ share of the Partnership’s income or loss. The consolidated balance sheet amount “Non-controlling interest” represents the individual owners’ share of the Partnership obligations in excess of Partnership assets. The Company has determined the non-controlling owners have a legal obligation to fund such deficits and believes it is fully collectable at May 31, 2016.
Leases	Leases in which the risk of ownership is retained by the lessor are classified as operating leases. Leases which substantially transfer all of the benefits and risks inherent in ownership to the lessee are classified as capital leases. Assets acquired under capital leases are depreciated on the same basis as owned property and equipment or the related lease term, whichever is shorter. Leasehold improvements are depreciated over the depreciable lives of the corresponding fixed asset or the related lease term, whichever is shorter.
Rental Income	Rental income is primarily obtained from tenants of three apartment complexes under short-term operating leases. Tenants are required to pay rent on a monthly basis. Rent not paid by the end of the month is considered past due, while significant amounts paid in advance are included in deferred income on the consolidated balance sheets. If a tenant becomes 60 days past due, eviction procedures are started.
Rental Expense	The University accounts for rent expense under its long-term operating leases using the straight-line method. Certain of the University’s operating leases contain rent escalator provisions. Accordingly, a $5,432 and $6,047, deferred rent and tenant improvement liability at May 31, 2016 and 2015, respectively, is recorded in other long-term liabilities on the consolidated balance sheets.
Advertising	The University follows the policy of expensing the cost of advertising as incurred. Advertising costs of $10,734, $9,807 and $12,077 for 2016, 2015 and 2014, respectively, are included in selling, general, and administrative expenses on the consolidated statements of operations and comprehensive income.
Academic [Member]
Revenue	Academic revenue represents tuition revenue and the revenue generated through NAU’s teaching relationships with other non-related party institutions. Tuition revenue and affiliate revenue is recorded ratably over the length of respective courses. Academic revenue also includes certain fees and charges assessed at the start of each term. The portion of tuition and registration fee payments received but not earned is recorded as deferred income and reflected as a current liability on the consolidated balance sheets, as such amount represents revenue that the Company expects to earn within the next year. Academic revenue is reported net of adjustments for refunds and scholarships. If a student withdraws prior to the completion of the academic term, the respective portion of tuition and registration fees that the Company already received and is not entitled to are refunded back to the students and the Department of Education. Refunds and scholarships are recorded during the respective terms. For students that have withdrawn from all classes during an academic term, the University estimates the expected receivable balance that is due from such students and records a provision to reduce academic revenue for that amount calculated based on historical collection trends and adjusted for known current factors. The amount is then recognized as academic revenue at the time the receivable is collected (e.g. cash basis).
Auxiliary [Member]
Revenue	Auxiliary revenue represents revenues from the University’s bookstore operations. Revenue is recognized as items are sold and is recorded net of any applicable sales tax. The Company does not have book inventory because the book operation is outsourced to a third party vendor. Since the Company has the discrete ability to set book prices and maintains inventory and credit risk, we utilize gross reporting of revenue and expenses. Books sales revenue is recorded as auxiliary revenue and the related costs are recorded as auxiliary expense.

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	May 31, 2016
Accounting Policies [Abstract]
Investments	2016 2015 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value Certificate of Deposits $ 4,119 $ - $ (2 ) $ 4,117 $ 4,102 $ - $ - $ 4,102
Property Plant and Equipment Useful Life	Years Buildings and building improvements 19–40 Land improvements 10–20 Furniture, vehicles, and equipment 5–15
Components of Property, Plant and Equipment, Net	2016 2015 Land $ 119 $ 119 Land improvements 23 23 Buildings and building improvements 39,759 40,718 Furniture, vehicles, and equipment 27,904 28,171 Total gross property and equipment 67,805 69,031 Less accumulated depreciation (36,532 ) (32,641 ) Total net property and equipment $ 31,273 $ 36,390

DEPARTMENT OF EDUCATION REQUI30

DEPARTMENT OF EDUCATION REQUIREMENTS (Tables)	12 Months Ended
	May 31, 2016
Text Block [Abstract]
Revenues Source	2016 2015 2014 Title IV HEA funds received $ 90,238 $ 106,305 $ 107,333 Academic revenue $ 103,904 =86.85% $ 119,200 =89.18% $ 120,169 =89.32% (cash basis)

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	May 31, 2016
Leases [Abstract]
Future Minimum Lease Payments on Non-cancelable Operating Leases	2017 $ 6,028 2018 6,039 2019 5,769 2020 5,213 2021 4,139 Thereafter 9,376
Schedule of Future Minimum Commitments Under Revised Capital Lease Obligation	2017 $ 1,137 2018 1,159 2019 1,183 2020 1,207 2021 1,231 Thereafter 14,370 Total future minimum lease obligation $ 20,287 Less: Imputed interest on capital leases (8,435 ) Net present value of lease obligations $ 11,852

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	May 31, 2016
Equity [Abstract]
Summary of Restricted Shares Activity	Restricted Shares Shares Weighted Average Grant Date Fair Value Non-vested shares at May 31, 2014 608,170 $ 4.01 Granted 42,155 3.11 Vested (28,170 ) 3.55 Forfeited (580,000 ) 4.03 Non-vested shares at May 31, 2015 42,155 $ 3.11 Granted 40,485 2.47 Vested (42,155 ) 3.11 Forfeited 0 0 Non-vested shares at May 31, 2016 40,485 $ 2.47
Summary of Stock Options Issued	Assumptions used: 2016 2015 Expected term (in years) 5.75 5.50 Expected volatility 50.40 % 51.40 % Weighted average risk free interest rate 1.54 % 1.52 % Weighted average risk free interest rate range 1.54-1.54 % 1.52-1.52 % Weighted average expected dividend 5.92 5.79 % Weighted average expected dividend range 5.92-5.92 % 5.79-5.79 % Weighted average fair value $ 0.84 $ 0.88
Summary of Option Activity	Stock Options Shares Weighted average exercise price Weighted average remaining contractual life (in years) Aggregate intrinsic value Outstanding at May 31, 2014 75,750 $ 7.17 7.6 $ 0 Granted 12,500 3.11 Exercised 0 0 Forfeited or canceled (9,500 ) 8.70 Outstanding at May 31, 2015 78,750 $ 6.34 7.1 $ 0 Exercisable at May 31, 2015 66,250 $ 6.85 6.8 $ 0 Outstanding at May 31, 2015 78,750 $ 6.34 7.1 $ 0 Granted 148,475 3.06 Exercised 0 0 Forfeited or canceled (34,875) 4.67 Outstanding at May 31, 2016 192,350 $ 4.11 8.4 $ 0 Exercisable at May 31, 2016 192,350 $ 4.11 8.4 $ 0
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 October 9, 2015 $ 0.0450 October 5, 2015 December 31, 2015 January 15, 2016 $ 0.0450 January 23, 2016 March 31, 2016 April 8, 2016 $ 0.0450 April 4, 2016 June 30, 2016 July 8, 2016 $ 0.0450

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	May 31, 2016
Income Tax Disclosure [Abstract]
Components of Provision for Income Taxes	2016 2015 2014 Current tax (benefit) expense: Federal $ (1,579 ) $ 5,216 $ 3,678 State 64 751 509 (1,515 ) 5,967 4,187 Deferred tax (benefit): Federal (1,183 ) (1,396 ) (1,740 ) State (196 ) (138 ) (141 ) (1,379 ) (1,534 ) (1,881 ) Total tax (benefit) expense $ (2,894 ) $ 4,433 $ 2,306
Summary of Effective Income Tax Rate	2016 2015 2014 Statutory (34.0 )% 34.0 % 34.0 % State income taxes — net of federal benefit (1.9 ) 3.6 4.2 Permanent differences and other 0.6 2.0 1.7 Effective income tax rate (35.3 )% 39.6 % 39.9 %
Significant Components of Deferred Tax Assets and Liabilities	2016 2015 Deferred income tax assets: Account receivable allowances $ 317 $ 616 Bad debt write-offs 2,131 1,544 Other 60 130 Accrued salaries 623 717 Start up costs 246 276 Capital lease obligations 4,445 4,536 Net operating loss carryforwards - expires 2021-2036 155 - Deferred rent 2,037 2,268 Total deferred income tax assets 10,014 10,087 Deferred income tax liabilities: Fixed assets and course development (9,133 ) (10,493 ) Prepaid expenses (450 ) (542 ) Total deferred income tax liabilities (9,583 ) (11,035 ) Net deferred income tax assets (liabilities) $ 431 $ (948 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	May 31, 2016
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator for Basic and Diluted EPS Computations	For the year ended May 31, 2016 2015 2014 Numerator: Net (loss) income attributable to National American University Holdings, Inc. $ (5,349 ) $ 6,718 $ 3,475 Denominator: Weighted average shares outstanding used to compute basic net income per common share 24,651,521 25,160,729 25,093,096 Incremental shares issuable upon the assumed exercise of stock options - - - Incremental shares issuable upon the assumed vesting of restricted shares - 5,003 1,265 Common shares used to compute diluted net income per share 24,651,521 25,165,732 25,094,361 Basic net (loss) income per common share (0.22 ) $ 0.27 $ 0.14 Diluted net (loss) income per common share $ (0.22 ) $ 0.27 $ 0.14

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	May 31, 2016
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 May 31, 2016 Investments: Certificates of deposit $ 0 $ 4,117 $ 0 $ 4,117 Money market accounts included in cash equivalents 38 0 0 38 Total assets at fair value $ 38 $ 4,117 $ 0 $ 4,155 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

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	May 31, 2016
Segment Reporting [Abstract]
Financial Information of Reportable Segment	For the year ended May 31, For the year ended May 31, For the year ended May 31, 2016 2015 2014 Consolidated Consolidated Consolidated NAU Other Total NAU Other Total NAU Other Total Revenue: Academic $ 88,697 $ - $ 88,697 $ 108,360 $ - $ 108,360 $ 117,099 $ - $ 117,099 Auxiliary 6,306 - 6,306 7,920 - 7,920 9,076 - 9,076 Rental income apartments - 1,110 1,110 - 1,164 1,164 - 1,138 1,138 Condominium sales - - - - 447 447 - 440 440 Total revenue 95,003 1,110 96,113 116,280 1,611 117,891 126,175 1,578 127,753 Operating expenses: Cost of educational services 26,093 - 26,093 28,551 - 28,551 29,478 - 29,478 Selling, general & administrative 70,819 1,392 72,211 71,681 1,620 73,301 83,627 1,659 85,286 Auxiliary 4,667 - 4,667 5,629 - 5,629 6,236 - 6,236 Cost of condominium sales - - - - 368 368 - 386 386 Loss (gain) on disposition of property 810 (75) 735 114 (1,824) (1,710) 211 (97) 114 Total operating expenses 102,389 1,317 103,706 105,975 164 106,139 119,552 1,948 121,500 (Loss) income from operations (7,386) (207) (7,593) 10,305 1,447 11,752 6,623 (370) 6,253 Other income (expense): Interest inc 80 7 87 51 97 148 54 88 142 Interest exp (870) - (870) (883) (8) (891) (769) (1) (770) Other income (loss) - net - 178 178 - 178 178 - 149 149 Total other (expense) income (790) 185 (605) (832) 267 (565) (715) 236 (479) (Loss) income before taxes $ (8,176) $ (22) $ (8,198) $ 9,473 $ 1,714 $ 11,187 $ 5,908 $ (134) $ 5,774 As of and for the Year Ended As of and for the Year Ended As of and for the Year Ended May 31, 2016 May 31, 2015 May 31, 2014 Consolidated Consolidated Consolidated NAU Other Total NAU Other Total NAU Other Total Total assets $ 61,694 $ 9,022 $ 70,716 $ 78,042 $ 8,502 $ 86,544 $ 76,383 $ 12,074 $ 88,457 Expenditures for long-lived assets $ 710 $ 249 $ 959 $ 859 $ 452 $ 1,311 $ 3,094 $ 1,438 $ 4,532 Depreciation & amortization $ 5,058 $ 538 $ 5,596 $ 5,546 $ 581 $ 6,127 $ 5,765 $ 591 $ 6,356

SUMMARIZED QUARTERLY FINANCIA37

SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	May 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Quarter First Second Third Fourth Fiscal Year Ended May 31, 2016 Revenues $ 24,649 $ 25,739 $ 22,678 $ 23,047 Operating loss (1,916 ) (1,358 ) (2,844 ) (1,475 ) Net loss (1,298 ) (1,170 ) (1,875 ) (961 ) Net loss attributable to NAUH and Subsidiaries (1,309 ) (1,178 ) (1,891 ) (970 ) Net loss per share (common): Basic (0.05 ) (0.05 ) (0.08 ) (0.04 ) Diluted (0.05 ) (0.05 ) (0.08 ) (0.04 ) Fiscal Year Ended May 31, 2015 Revenues Operating income $ 29,304 $ 30,638 $ 29,083 $ 28,866 Net income 3,536 4,698 2,581 937 Net income attributable to 2,168 2,840 1,478 268 NAUH and Subsidiaries Net income per share (common): 2,170 2,826 1,464 256 Basic 0.09 0.11 0.06 0.01 Diluted 0.09 0.11 0.06 0.01

STATEMENT PRESENTATION AND BA38

STATEMENT PRESENTATION AND BASIS OF CONSOLIDATION (Details Narrative) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2015	Nov. 30, 2014	Aug. 31, 2014	May 31, 2016	May 31, 2015	May 31, 2014
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Assets	$ 70,716				$ 86,544				$ 70,716	$ 86,544	$ 88,457
Net income (loss)	$ (970)	$ (1,891)	$ (1,178)	$ (1,309)	$ 256	$ 1,464	$ 2,826	$ 2,170	$ (5,348)	$ 6,716	3,485
Variable Interest Entity Primary Beneficiary [Member]
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Percentage of partnership	50.00%				50.00%				50.00%	50.00%
Assets	$ 611				$ 685				$ 611	$ 685
Liabilities	$ 91				$ 94				91	94
Net income (loss)									$ 88	$ 75	$ (34)

NATURE OF OPERATIONS (Details N

NATURE OF OPERATIONS (Details Narrative)	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Sales Revenue Net [Member] | Nau [Member]
Nature Of Operations [Line Items]
Total revenues that were derived from NAU's academic revenue	92.00%	92.00%	92.00%

SUMMARY OF SIGNIFICANT ACCOUN40

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Available For Sale Investments [Line Items]
Amortized Cost	$ 4,119	$ 4,102
Gross Unrealized Holding Gains	0	0
Gross Unrealized Holding Losses	(2)	0
Fair Value	4,117	4,102
Certificates Of Deposit [Member]
Available For Sale Investments [Line Items]
Amortized Cost	4,119	4,102
Gross Unrealized Holding Gains	0	0
Gross Unrealized Holding Losses	(2)	0
Fair Value	$ 4,117	$ 4,102

SUMMARY OF SIGNIFICANT ACCOUN41

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	12 Months Ended
	May 31, 2016
Building And Building Improvements [Member] | Minimum [Member]
Property Plant And Equipment Estimated Useful Life [Line Items]
Property plant and equipment useful life	19 years
Building And Building Improvements [Member] | Maximum [Member]
Property Plant And Equipment Estimated Useful Life [Line Items]
Property plant and equipment useful life	40 years
Land Improvements [Member] | Minimum [Member]
Property Plant And Equipment Estimated Useful Life [Line Items]
Property plant and equipment useful life	10 years
Land Improvements [Member] | Maximum [Member]
Property Plant And Equipment Estimated Useful Life [Line Items]
Property plant and equipment useful life	20 years
Furniture Vehicles And Equipment [Member] | Minimum [Member]
Property Plant And Equipment Estimated Useful Life [Line Items]
Property plant and equipment useful life	5 years
Furniture Vehicles And Equipment [Member] | Maximum [Member]
Property Plant And Equipment Estimated Useful Life [Line Items]
Property plant and equipment useful life	15 years

SUMMARY OF SIGNIFICANT ACCOUN42

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Property and equipment - net
Land	$ 119	$ 119
Land improvements	23	23
Buildings and building improvements	39,759	40,718
Furniture, vehicles, and equipment	27,904	28,171
Total gross property and equipment	67,805	69,031
Less accumulated depreciation	(36,532)	(32,641)
Total net property and equipment	$ 31,273	$ 36,390

SUMMARY OF SIGNIFICANT ACCOUN43

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Basis Of Presentation [Line Items]
Proceeds from sale of available for sale investments	$ 3,881	$ 61,478	$ 42,277
Depreciation expense	5,596	6,127	6,356
Impairment of long lived-assets	85	328	394
Deferred rent and tenant improvement liability	5,432	6,047
Advertising cost	10,734	9,807	12,077
Amortization related to development cost	291	339	354
Capital Lease Obligations [Member]
Basis Of Presentation [Line Items]
Depreciation expense	$ 530	$ 530	$ 530

DEPARTMENT OF EDUCATION REQUI44

DEPARTMENT OF EDUCATION REQUIREMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Regulatory Requirements [Line Items]
Academic revenue	$ 88,697	$ 108,360	$ 117,099
Percentage of revenue collected from funds under title IV programs	86.85%	89.18%	89.32%
Cash Basis Method [Member]
Regulatory Requirements [Line Items]
Academic revenue	$ 103,904	$ 119,200	$ 120,169
United States Department Of Education Student Financial Aid Under Title I V Programs [Member]
Regulatory Requirements [Line Items]
Title IV HEA funds received	$ 90,238	$ 106,305	$ 107,333

DEPARTMENT OF EDUCATION REQUI45

DEPARTMENT OF EDUCATION REQUIREMENTS (Details Narrative) - Point	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Regulatory Requirements [Line Items]
Minimum revenues percentage under 34 CFR 600.5(d)	10.00%	10.00%	10.00%
Minimum composite score	(1)	(1)	(1)
Maximum composite score	3	3	3
Composite score	1.8	3	2.3
Title IV Eligibility Description	An educational institution loses eligibility to participate in Title IV programs if its cohort default rate equals or exceeds 40% for any given year or 30% for three consecutive years.
Federal Fiscal Year 2012 [Member]
Regulatory Requirements [Line Items]
Cohort default rates	.208
Federal Fiscal Year 2011 [Member]
Regulatory Requirements [Line Items]
Cohort default rates	.214
Federal Fiscal Year 2013 [Member]
Regulatory Requirements [Line Items]
Draft Cohort Default Rate	0.237

CONTRACT FOR DEED (Details Narr

CONTRACT FOR DEED (Details Narrative) - USD ($) $ in Thousands	Jul. 11, 2014	Mar. 28, 2013	May 31, 2016	May 31, 2015	May 31, 2014
Real Estate Properties [Line Items]
Loss (gain) on disposition of property			$ 735	$ (1,710)	$ 114
Former Rapid City Campus
Real Estate Properties [Line Items]
Property, sales price		$ 4,000
Loss (gain) on disposition of property	$ (1,743)
Sale lease back monthly rental payment	59
Principal on contract	3,230
Interest on contract	$ 85

LINES OF CREDIT (Details Narrat

LINES OF CREDIT (Details Narrative) - Unsecured Revolving Line Of Credit [Member] $ in Thousands	12 Months Ended
	May 31, 2016USD ($)
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	$ 3,000
Line of credit maturity date	May 31, 2016
Prime interest rate on line of credit	3.50%

LEASES (Details)

LEASES (Details) $ in Thousands	May 31, 2016USD ($)
Leases [Abstract]
2,017	$ 6,028
2,018	6,039
2,019	5,769
2,020	5,213
2,021	4,139
Thereafter	$ 9,376

LEASES (Details 1)

LEASES (Details 1) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Leases [Abstract]
2,017	$ 1,137
2,018	1,159
2,019	1,183
2,020	1,207
2,021	1,231
Thereafter	14,370
Total future minimum lease obligation	20,287	$ 21,403
Less: Imputed interest on capital leases	(8,435)
Net present value of lease obligations	$ 11,852	$ 12,097

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Lease Liability [Line Items]
Operating lease rent expense	$ 5,737	$ 6,037	$ 6,025
Capital lease additions			2,000
Notes receivable increase/decrease		(1,373)	2,000
Notes receivable per month			$ 14
Notes receivable interest rate percentage			6.00%
Future payments due under capital lease obligation	20,287	21,403
Net present value of capital lease obligation	11,852	12,097
Capital lease payable, current	285	244
Capital lease payable, non-current	11,567	11,853
Capital lease assets	10,600	10,600
Capital lease assets, accumulated depreciation	$ 2,429	$ 1,899

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - Restricted Stock and RSUs [Member] - $ / shares	12 Months Ended
	May 31, 2016	May 31, 2015
Restricted Shares and RSU's
Shares, non-vested shares, beginning balance	42,155	608,170
Shares, granted	40,845	42,155
Shares, vested	(42,155)	(28,170)
Shares, forfeited	0	(580,000)
Shares, non-vested shares, ending balance	40,485	42,155
Weighted average grant date fair value
Weighted average grant date fair value, non-vested shares, beginning balance	$ 3.11	$ 4.01
Weighted average grant date fair value, granted	2.47	3.11
Weighted average grant date fair value, vested	3.11	3.55
Weighted average grant date fair value,forfeited	0	4.03
Weighted average grant date fair value, Non-vested shares, Ending balance	$ 2.47	$ 3.11

STOCKHOLDERS' EQUITY (Details 1

STOCKHOLDERS' EQUITY (Details 1) - $ / shares	12 Months Ended
	May 31, 2016	May 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected term (in years)	5 years 9 months	5 years 6 months
Expected volatility	50.40%	51.40%
Weighted average risk free interest rate	1.54%	1.52%
Weighted average risk free interest rate range, minimum	1.54%	1.52%
Weighted average risk free interest rate range, maximum	1.54%	1.52%
Weighted average expected dividend	5.92%	5.79%
Weighted average expected dividend range, minimum	5.92%	5.79%
Weighted average expected dividend range, maximum	5.92%	5.79%
Weighted average fair value	$ 0.84	$ 0.88

STOCKHOLDERS' EQUITY (Details 2

STOCKHOLDERS' EQUITY (Details 2) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Shares
Outstanding Shares, Beginning Balance	78,750	75,750
Shares, Granted	148,475	12,500
Shares, Exercised	0	0
Shares, Forfeited or canceled	(34,875)	(9,500)
Outstanding Shares, Ending Balance	192,350	78,750	75,750
Exercisable Shares, At The End of Period	192,350	66,250
Weighted Average Exercise Price
Weighted Average Exercise Price, Beginning balance	$ 6.34	$ 7.17
Weighted Average Exercise Price, Granted	3.06	3.11
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Forfeited or canceled	4.67	8.70
Weighted Average Exercise Price, Ending balance	4.11	6.34	$ 7.17
Weighted Average Exercise Price, Ending balance exercisable	$ 4.11	$ 6.85
Weighted Average Remaining Contractual Life (in years)
Weighted Average Remaining Contractual Life (in years), Outstanding	8 years 4 months 24 days	7 years 1 month 6 days	7 years 7 months 6 days
Weighted Average Remaining Contractual Life (in years), Exercisable	8 years 4 months 24 days	6 years 9 months 18 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value, Ending Balance	$ 0	$ 0
Aggregate Intrinsic Value, Exercisable at the end of Period	$ 0	$ 0

STOCKHOLDERS' EQUITY (Details 3

STOCKHOLDERS' EQUITY (Details 3)	12 Months Ended
	May 31, 2016$ / shares
Period One [Member]
Dividends Payable [Line Items]
Date declared	Apr. 7, 2014
Record date	Jun. 30, 2014
Payment date	Jul. 11, 2014
Per share	$ 0.0450
Period Two [Member]
Dividends Payable [Line Items]
Date declared	Aug. 11, 2014
Record date	Sep. 30, 2014
Payment date	Oct. 10, 2014
Per share	$ 0.0450
Period Three [Member]
Dividends Payable [Line Items]
Date declared	Oct. 6, 2014
Record date	Dec. 31, 2014
Payment date	Jan. 16, 2015
Per share	$ 0.0450
Period Four [Member]
Dividends Payable [Line Items]
Date declared	Jan. 24, 2015
Record date	Mar. 31, 2015
Payment date	Apr. 17, 2015
Per share	$ 0.0450
Period Five [Member]
Dividends Payable [Line Items]
Date declared	Apr. 13, 2015
Record date	Jun. 30, 2015
Payment date	Jul. 10, 2015
Per share	$ 0.0450
Period Six [Member]
Dividends Payable [Line Items]
Date declared	Aug. 10, 2015
Record date	Sep. 30, 2015
Payment date	Oct. 9, 2015
Per share	$ 0.0450
Period Seven [Member]
Dividends Payable [Line Items]
Date declared	Oct. 5, 2015
Record date	Dec. 31, 2015
Payment date	Jan. 15, 2016
Per share	$ 0.0450
Period Eight [Member]
Dividends Payable [Line Items]
Date declared	Jan. 23, 2016
Record date	Mar. 31, 2016
Payment date	Apr. 8, 2016
Per share	$ 0.0450
Period Nine [Member]
Dividends Payable [Line Items]
Date declared	Apr. 4, 2016
Record date	Jun. 30, 2016
Payment date	Jul. 8, 2016
Per share	$ 0.0450

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Common stock, shares outstanding	24,140,972	25,191,414
Treasury shares resulting from settlement of stock based compensation	$ 65	$ 32	$ 64
Restricted stock units compensation expense	0	(1,170)	1,170
Compensation expenses restricted stock award	$ 116	$ 122	$ 82
Unamortized compensation cost of restricted stock and restricted stock unit awards	$ 35
Unamortized compensation cost weighted average period	4 months 24 days
Compensation expense of stock options	$ 121	27	22
Unrestricted stock compensation expense	$ 320	$ 166	$ 261
Common Stock Authorized	50,000,000	50,000,000
Common Stock Par Value	$ 0.0001	$ 0.0001
Preferred Stock Authorized	1,000,000	1,000,000
Preferred Stock Par Value	$ 0.0001	$ 0.0001
Stock Repurchased, Shares	353,581
Stock Repurchased, Value	$ 868
Common Class A [Member]
Common Stock Authorized	100,000	100,000
Common Stock Par Value	$ 0.0001	$ 0.0001
Single Shareholder
Stock Repurchased, Shares	853,073
Stock Repurchased, Value	$ 2,039
Stock Repurchase Plan
Stock Repurchased, Shares	30,440
Stock Repurchased, Value	$ 50
Maximum Shares Repurchase authorized	$ 500
Maximum price per share authorized	$ 1.75
2013 Plan [Member]
Common stock remain available for issuance	750,000
Restricted stock units cancelled		580,000
Restricted stock units compensation expense reversed		$ 1,170
2009 Stock Option and Compensation Plan [Member]
Shares authorized for issuance	1,300,000
Common stock remain available for issuance	431,397

EMPLOYEE COMPENSATION PLANS (De

EMPLOYEE COMPENSATION PLANS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Employer discretionary contribution amount	$ 514	$ 0	$ 735
Employer contribution matching percentage	5.00%	5.00%
Incentive expense	$ 0	$ 390	$ 197
Accrued contribution employer amount	49	$ 708
Reversal of accrued match due to change in estimate	194
Chief Executive Officer And President [Member]
Defined Benefit Plan Disclosure [Line Items]
Incentive expense	$ 100

SELF-INSURED HEALTH INSURANCE (

SELF-INSURED HEALTH INSURANCE (Details Narrative) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Self-insured Health Insurance Details Narrative
Claims outstanding	$ 381	$ 340

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Current tax (benefit) expense:
Federal	$ (1,579)	$ 5,216	$ 3,678
State	64	751	509
Total current tax (benefit) expense	(1,515)	5,967	4,187
Deferred tax (benefit) expense:
Federal	(1,183)	(1,396)	(1,740)
State	(196)	(138)	(141)
Total deferred tax (benefit) expense	(1,379)	(1,534)	(1,881)
Total tax (benefit) expense	$ (2,894)	$ 4,433	$ 2,306

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Income Tax Disclosure [Abstract]
Statutory	(34.00%)	34.00%	34.00%
State income taxes - net of federal benefit	(1.90%)	3.60%	4.20%
Permanent differences and other	0.60%	2.00%	1.70%
Effective income tax rate	(35.30%)	39.60%	39.90%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	6 Months Ended
	May 31, 2016	May 31, 2015
Deferred income tax assets:
Account receivable allowances	$ 317	$ 616
Bad debt write-offs	2,131	1,544
Other	60	130
Accrued salaries	623	717
Start up costs	246	276
Capital lease obligations	4,445	4,536
Net operating loss carryforwards	$ 155	$ 0
Net operating loss carryforward expiration	2021-2036	2021-2036
Deferred rent	$ 2,037	$ 2,268
Total deferred income tax assets	10,014	10,087
Deferred income tax liabilities:
Fixed assets and course development	(9,133)	(10,493)
Prepaid expenses	(450)	(542)
Total deferred income tax liabilities	(9,583)	(11,035)
Net deferred income tax assets (liabilities)	$ 431	$ (948)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2015	Nov. 30, 2014	Aug. 31, 2014	May 31, 2016	May 31, 2015	May 31, 2014
Numerator:
Net Income attributable to National American University Holdings, Inc.	$ (970)	$ (1,891)	$ (1,178)	$ (1,309)	$ 256	$ 1,464	$ 2,826	$ 2,170	$ (5,348)	$ 6,716	$ 3,485
Denominator:
Weighted average shares outstanding used to compute basic net income per common share									24,651,521	25,160,729	25,093,096
Incremental shares issuable upon the assumed vesting of stock options
Incremental shares issuable upon the assumed vesting of restricted shares									0	5,003	1,265
Common shares used to compute diluted net income per share									24,651,521	25,165,732	25,094,361
Basic net income per common share	$ (0.04)	$ (0.08)	$ (0.05)	$ (0.05)	$ 0.01	$ 0.06	$ 0.11	$ 0.09	$ (0.22)	$ 0.27	$ 0.14
Diluted net income per common share	$ (0.04)	$ (0.08)	$ (0.05)	$ (0.05)	$ 0.01	$ 0.06	$ 0.11	$ 0.09	$ (0.22)	$ 0.27	$ 0.14

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - shares	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Stock Option [Member]
Computation Of Earnings Per Share [Line Items]
Number of shares excluded from calculation of diluted EPS	192,350	78,750	75,750
Restricted Stock [Member]
Computation Of Earnings Per Share [Line Items]
Number of shares excluded from calculation of diluted EPS	7,446
Restricted shares outstanding	82,640

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Fair Value Measurements Recurring [Member] - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Investments
Total assets at fair value	$ 4,155	$ 4,371
Cash Equivalents [Member]
Investments
Total assets at fair value	38	269
Certificates of Deposit [Member]
Investments
Total assets at fair value	4,117	4,102
Fair Value Inputs Level 1 [Member]
Investments
Total assets at fair value	38	513
Fair Value Inputs Level 1 [Member] | Cash Equivalents [Member]
Investments
Total assets at fair value	38	269
Fair Value Inputs Level 1 [Member] | Certificates of Deposit [Member]
Investments
Total assets at fair value	0	244
Fair Value Inputs Level 2 [Member]
Investments
Total assets at fair value	4,117	3,858
Fair Value Inputs Level 2 [Member] | Cash Equivalents [Member]
Investments
Total assets at fair value	0
Fair Value Inputs Level 2 [Member] | Certificates of Deposit [Member]
Investments
Total assets at fair value	4,117	$ 3,858
Fair Value, Inputs, Level 3 [Member]
Investments
Total assets at fair value	0
Fair Value, Inputs, Level 3 [Member] | Cash Equivalents [Member]
Investments
Total assets at fair value	0
Fair Value, Inputs, Level 3 [Member] | Certificates of Deposit [Member]
Investments
Total assets at fair value	$ 0

FAIR VALUE MEASUREMENTS (Deta64

FAIR VALUE MEASUREMENTS (Details Narrative) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Fair Value Disclosures [Abstract]
Estimated fair value of capital lease obligations	$ 11,852	$ 12,097

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2015	Nov. 30, 2014	Aug. 31, 2014	May 31, 2016	May 31, 2015	May 31, 2014
Revenue:
Academic									$ 88,697	$ 108,360	$ 117,099
Auxiliary									6,306	7,920	9,076
Rental income apartments									1,110	1,164	1,138
Condominium sales									0	447	440
Total revenue	$ 23,047	$ 22,678	$ 25,739	$ 24,649	$ 28,866	$ 29,083	$ 30,638	$ 29,304	96,113	117,891	127,753
Operating expenses:
Cost of educational services									26,093	28,551	29,478
Selling, general & administrative									72,211	73,301	85,286
Auxiliary									4,667	5,629	6,236
Cost of condominium sales									0	368	386
Loss (gain) on disposition of property									735	(1,710)	114
Total operating expenses									103,706	106,139	121,500
Income (loss) from operations	(1,475)	$ (2,844)	$ (1,358)	$ (1,916)	937	$ 2,581	$ 4,698	$ 3,536	(7,593)	11,752	6,253
Other income (expense):
Interest inc									87	148	142
Interest exp									(870)	(891)	(770)
Other income (loss) - net									178	178	149
Total other (expense) income									(605)	(565)	(479)
(Loss) income before taxes									(8,198)	11,187	5,774
Total assets	70,716				86,544				70,716	86,544	88,457
Expenditures for for long-lived assets									959	1,311	4,532
Depreciation & amortization									5,596	6,127	6,356
Nau [Member]
Revenue:
Academic									88,697	108,360	117,099
Auxiliary									6,306	7,920	9,076
Rental income apartments									0	0	0
Condominium sales									0	0	0
Total revenue									95,003	116,280	126,175
Operating expenses:
Cost of educational services									26,093	28,551	29,478
Selling, general & administrative									70,819	71,681	83,627
Auxiliary									4,667	5,629	6,236
Cost of condominium sales									0	0	0
Loss (gain) on disposition of property									810	114	211
Total operating expenses									102,389	105,975	119,552
Income (loss) from operations									(7,386)	10,305	6,623
Other income (expense):
Interest inc									80	51	54
Interest exp									(870)	(883)	(769)
Other income (loss) - net									0	0	0
Total other (expense) income									(790)	(832)	(715)
(Loss) income before taxes									(8,176)	9,473	5,908
Total assets	61,694				78,042				61,694	78,042	76,383
Expenditures for for long-lived assets									710	859	3,094
Depreciation & amortization									5,058	5,546	5,765
Other [Member]
Revenue:
Academic									0	0	0
Auxiliary									0	0	0
Rental income apartments									1,110	1,164	1,138
Condominium sales									0	447	440
Total revenue									1,110	1,611	1,578
Operating expenses:
Cost of educational services									0	0	0
Selling, general & administrative									1,392	1,620	1,659
Auxiliary									0	0	0
Cost of condominium sales									0	368	386
Loss (gain) on disposition of property									(75)	(1,824)	(97)
Total operating expenses									1,317	164	1,948
Income (loss) from operations									(207)	1,447	(370)
Other income (expense):
Interest inc									7	97	88
Interest exp									0	(8)	(1)
Other income (loss) - net									178	178	149
Total other (expense) income									185	267	236
(Loss) income before taxes									(22)	1,714	(134)
Total assets	$ 9,022				$ 8,502				9,022	8,502	12,074
Expenditures for for long-lived assets									249	452	1,438
Depreciation & amortization									$ 538	$ 581	$ 591

SUMMARIZED QUARTERLY FINANCIA66

SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2015	Nov. 30, 2014	Aug. 31, 2014	May 31, 2016	May 31, 2015	May 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 23,047	$ 22,678	$ 25,739	$ 24,649	$ 28,866	$ 29,083	$ 30,638	$ 29,304	$ 96,113	$ 117,891	$ 127,753
Operating (loss) income	(1,475)	(2,844)	(1,358)	(1,916)	937	2,581	4,698	3,536	(7,593)	11,752	6,253
Net (loss) income	(961)	(1,875)	(1,170)	(1,298)	268	1,478	2,840	2,168	(5,304)	6,754	3,468
Net (loss) income attributable to NAUH and Subsidiaries	$ (970)	$ (1,891)	$ (1,178)	$ (1,309)	$ 256	$ 1,464	$ 2,826	$ 2,170	$ (5,348)	$ 6,716	$ 3,485
Net (loss) income per share (common):
Basic	$ (0.04)	$ (0.08)	$ (0.05)	$ (0.05)	$ 0.01	$ 0.06	$ 0.11	$ 0.09	$ (0.22)	$ 0.27	$ 0.14
Diluted	$ (0.04)	$ (0.08)	$ (0.05)	$ (0.05)	$ 0.01	$ 0.06	$ 0.11	$ 0.09	$ (0.22)	$ 0.27	$ 0.14