National American University (NAUH) 10-K 4 Aug 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	May 31, 2017	Jul. 31, 2017	Nov. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	May 31, 2017
Document Fiscal Year Focus	2,017
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		24,227,376
Entity Public Float			$ 19,700,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 31, 2017	May 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 11,974	$ 21,713
Available for sale investments	4,183	4,117
Student receivables — net of allowance of $1,195 and $723 at May 31, 2017 and May 31, 2016, respectively	2,895	3,011
Other receivables	458	375
Income taxes receivable	2,301	2,780
Prepaid and other current assets	1,649	2,078
Total current assets	23,460	34,074
Total property and equipment - net	31,318	31,273
OTHER ASSETS:
Condominium inventory	621	621
Land held for future development	229	312
Course development — net of accumulated amortization of $3,322 and $3,051 at May 31, 2017 and May 31, 2016, respectively	1,111	817
Deferred income taxes	0	431
Other	853	998
Total other assets	2,814	3,179
TOTAL	57,592	68,526
CURRENT LIABILITIES:
Current portion of capital lease payable	331	285
Accounts payable	3,076	2,913
Dividends payable	1,094	1,090
Income taxes payable	113	110
Deferred income	1,691	1,649
Accrued and other liabilities	5,906	5,861
Total current liabilities	12,211	11,908
DEFERRED INCOME TAXES	194	0
OTHER LONG-TERM LIABILITIES	4,010	4,686
CAPITAL LEASE PAYABLE, NET OF CURRENT PORTION	11,237	11,567
COMMITMENTS AND CONTINGENCIES (Note 16)
STOCKHOLDERS' EQUITY:
Common stock, $0.0001 par value (50,000,000 authorized; 28,557,968 issued and 24,224,924 outstanding as of May 31, 2017; 28,472,129 issued and 24,140,972 outstanding as of May 31, 2016)	3	3
Additional paid-in capital	59,060	58,893
(Accumulated deficit) Retained earnings	(6,622)	4,012
Treasury stock, at cost (4,333,044 shares at May 31, 2017 and 4,331,157 shares at May 31, 2016)	(22,481)	(22,477)
Accumulated other comprehensive loss, net of taxes - unrealized loss on available for sale securities	(4)	(2)
Total National American University Holdings, Inc. stockholders' equity	29,956	40,429
Non-controlling interest	(16)	(64)
Total stockholders' equity	29,940	40,365
TOTAL	$ 57,592	$ 68,526

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	May 31, 2017	May 31, 2016
Statement of Financial Position [Abstract]
Allowance for student receivables	$ 1,195	$ 723
Accumulated amortization of course development	$ 3,322	$ 3,051
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	28,557,968	28,472,129
Common stock, shares outstanding	24,224,924	24,140,972
Treasury stock, shares	4,333,044	4,331,157

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
REVENUE:
Academic revenue	$ 80,595	$ 88,697	$ 108,360
Auxiliary revenue	4,832	6,306	7,920
Rental income - apartments	1,160	1,110	1,164
Condominium sales	0	0	447
Total revenue	86,587	96,113	117,891
OPERATING EXPENSES:
Cost of educational services	27,657	26,093	28,551
Selling, general and administrative	61,639	72,211	73,301
Auxiliary expense	3,477	4,667	5,629
Cost of condominium sales	0	0	368
Loss (gain) on disposition of property	1,052	735	(1,710)
Total operating expenses	93,825	103,706	106,139
OPERATING (LOSS) INCOME	(7,238)	(7,593)	11,752
OTHER INCOME (EXPENSE):
Interest income	102	87	148
Interest expense	(850)	(870)	(891)
Other income - net	209	178	178
Total other expense	(539)	(605)	(565)
(LOSS) INCOME BEFORE INCOME TAXES	(7,777)	(8,198)	11,187
INCOME TAX BENEFIT (EXPENSE)	1,550	2,894	(4,433)
NET (LOSS) INCOME	(6,227)	(5,304)	6,754
NET (INCOME) ATTRIBUTABLE TO NON-CONTROLLING INTEREST	(48)	(44)	(38)
NET (LOSS) INCOME ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC. AND SUBSIDIARIES	(6,275)	(5,348)	6,716
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX
Unrealized (losses) gains on investments, net of tax benefit (expense) of $2, $1, and $(2) for 2017, 2016 and 2015, respectively	(2)	(1)	2
COMPREHENSIVE INCOME ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC.	$ (6,277)	$ (5,349)	$ 6,718
Basic net (loss) earnings per share attributable to National American University Holdings, Inc.	$ (0.26)	$ (0.22)	$ 0.27
Diluted net (loss) earnings per share attributable to National American University Holdings, Inc.	$ (0.26)	$ (0.22)	$ 0.27
Basic weighted average shares outstanding	24,154,541	24,651,521	25,160,729
Diluted weighted average shares outstanding	24,154,541	24,651,521	25,165,732

CONSOLIDATED STATEMENTS OF INC5

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
Income Statement [Abstract]
Unrealized (losses) gains on investments, tax	$ 2	$ 1	$ (2)

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 loss	Non-controlling interest	Total
Balance at May. 31, 2014	$ 3	$ 59,191	$ 11,573	$ (19,423)	$ (3)	$ (146)	$ 51,195
Purchase of shares common stock for the treasury				(32)			(32)
Share based compensation expense		(855)					(855)
Dividends declared ($0.045 per share)			(4,538)				(4,538)
Net (loss) income			6,716			38	6,754
Other comprehensive income (loss), net of tax					2		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)			44	(5,304)
Other comprehensive income (loss), net of tax					(1)		(1)
Balance at May. 31, 2016	3	58,893	4,012	(22,477)	(2)	(64)	40,365
Purchase of shares common stock for the treasury				(4)			(4)
Share based compensation expense		167					167
Dividends declared ($0.045 per share)			(4,359)				(4,359)
Net (loss) income			(6,275)			48	(6,227)
Other comprehensive income (loss), net of tax					(2)		(2)
Balance at May. 31, 2017	$ 3	$ 59,060	$ (6,622)	$ (22,481)	$ (4)	$ (16)	$ 29,940

CONSOLIDATED STATEMENTS OF STO7

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
Statement of Stockholders' Equity [Abstract]
Number of common shares for treasury	1,887	1,260,330	10,454
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, 2017	May 31, 2016	May 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (6,227)	$ (5,304)	$ 6,754
Adjustments to reconcile net (loss) income to net cash flows provided by operating activities:
Depreciation and amortization	5,086	5,596	6,127
Loss (gain) on disposition of property and equipment	1,052	735	(1,710)
Provision for uncollectable tuition	3,740	5,403	5,602
Noncash compensation expense	167	557	(855)
Deferred income taxes	625	(1,379)	(1,534)
Changes in assets and liabilities:
Student and other receivables	(3,707)	6,764	(4,332)
Prepaid and other current assets	429	73	(53)
Condominium inventory	0	(236)	367
Other assets	235	202	(19)
Income tax receivable/payable	482	(2,671)	(1,157)
Accounts payable	(224)	(372)	230
Deferred income	42	190	149
Accrued and other liabilities	6	(891)	(337)
Other long-term liabilities	(890)	(1,361)	(384)
Net cash flows provided by operating activities	816	7,306	8,848
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale investments	(7,721)	(3,897)	(50,141)
Proceeds from sale of available for sale investments	7,652	3,881	61,478
Purchases of property and equipment	(5,547)	(959)	(1,311)
Proceeds from sale of property and equipment	215	75	3,628
Course development	(565)	(304)	(143)
Payments received on contract for deed	7	6	160
Payments received on note receivable	0	0	1,390
Other	47	11	8
Net cash flows (used in) provided by investing activities	(5,912)	(1,187)	15,069
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of capital lease payable	(284)	(244)	(206)
Purchase of treasury stock	(4)	(3,022)	(32)
Dividends paid	(4,355)	(4,440)	(4,533)
Net cash flows used in financing activities	(4,643)	(7,706)	(4,771)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(9,739)	(1,587)	19,146
CASH AND CASH EQUIVALENTS - Beginning of year	21,713	23,300	4,154
CASH AND CASH EQUIVALENTS - End of year	11,974	21,713	23,300
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:
Cash (received) paid for income taxes	(2,658)	1,156	7,124
Cash paid for interest	851	871	885
Property and equipment sold under contract for deed	171	0	0
Property and equipment purchases included in accounts payable	450	63	24
Dividends declared and unpaid at May 31, 2017, 2016, and 2015	$ 1,094	$ 1,090	$ 1,139

STATEMENT PRESENTATION AND BASI

STATEMENT PRESENTATION AND BASIS OF CONSOLIDATION	12 Months Ended
	May 31, 2017
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, 2017 and 2016, the consolidated balance sheets include Partnership assets of $543 and $611, respectively, and Partnership liabilities of $90 and $91, respectively. The consolidated statements of operations and comprehensive income include Partnership net income of $97, $88, and $75, for the years ended May 31, 2017, 2016, and 2015, 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 and Fairway Hills. Estimates

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	May 31, 2017
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 diploma, associate, baccalaureate, master’s and doctoral degree programs in business-related disciplines, such as accounting, management, business administration, and information technology; in healthcare-related disciplines, such as occupational therapy, medical assisting, nursing, surgical technology, and healthcare information and management; in legal-related disciplines, such as paralegal, criminal justice, and professional legal studies; and in higher education. Courses are offered through educational sites and online. During the fiscal year ended May 31, 2017, operations include educational sites located in educational sites in Colorado, Indiana, Kansas, Minnesota, Missouri, Nebraska, New Mexico, Oklahoma, South Dakota, and Texas. Distance learning operations and central administration offices operate from 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. In addition to the university operations, NAUH operates a real estate business known as Fairway Hills Developments, or Fairway Hills. The real estate business rents apartment units and develops and sells condominium units in the Fairway Hills Planned Residential Development area of Rapid City, South Dakota. Fairway Hills is constructing a 24-unit luxury apartment complex. It is anticipated that construction will be complete by the second quarter of fiscal year 2018, but renters began occupying the units on June 1, 2017. Approximately 93%, 92%, and 92% of the Company’s total revenues for each of the years ended May 31, 2017, 2016, and 2015, respectively, were derived from NAU’s academic revenue.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	May 31, 2017
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: 2017 2016 Gross Gross Gross Gross Unrealized Unrealized Unrealized Unrealized Amortized Holding Holding Fair Amortized Holding Holding Fair Cost Gains Losses Value Cost Gains Losses Value Certificates of deposit $ 4,187 $ — $ (4 ) $ 4,183 $ 4,119 $ — $ (2 ) $ 4,117 As of May 31, 2017, 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, 2017. 2016, and 2015. Student Receivables Other Receivables Property and Equipment Years Buildings and building improvements 19–40 Land and leasehold 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): 2017 2016 Land $ 119 $ 119 Land improvements 23 23 Buildings and building improvements 42,470 39,759 Furniture, vehicles, and equipment 28,680 27,904 Total gross property and equipment 71,292 67,805 Less accumulated depreciation (39,974 ) (36,532 ) Total net property and equipment $ 31,318 $ 31,273 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. The amortization of capitalized course development costs was $271, $291, and $339 for the fiscal years 2017, 2016 and 2015, respectively. Impairment of Long-Lived Assets In February 2017, the Company announced the closure of our Allen and Austin South locations. In addition, upon our review for impairment, we determined that the estimated future undiscounted cash flows associated with the assets of two other campuses are not sufficient to recover their carrying value. Accordingly, their carrying values were reduced to their fair value. An impairment charge of $852 related to these four locations was recorded during the year ended May 31, 2017. The impairment charge is included in loss on disposition of property, within the NAU segment, in the consolidated financial statements. 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 company had no impairments in the year ended May 31, 2015. 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, 2017
Accounting Changes and Error Corrections [Abstract]
RECENTLY ADOPTED AND NEW ACCOUNTING PRONOUNCEMENTS	In May 2014, the Financial Accounting Standards Board 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) In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting In May 2017, the FASB issued ASU 2017-09, Scope of Modification Accounting

DEPARTMENT OF EDUCATION REQUIRE

DEPARTMENT OF EDUCATION REQUIREMENTS	12 Months Ended
	May 31, 2017
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” or “HEA”). 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 we 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, 2017, 2016 and 2015, as shown in the underlying calculation: 2017 2016 2015 Title IV HEA funds received $ 69,900.00 $ 90,238.00 $ 106,305.00 Academic revenue $ 84,600.00 =82.62% $ 103,904.00 =86.85% $ 119,200.00 =89.18% (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 2017, 2016 and 2015 fiscal years, the University’s calculations result in a composite score of 1.8, 1.8, and 3.0, 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 2013 and 2012 are 23.4% and 20.6%, respectively. The draft cohort rate for federal fiscal year 2014 is 24.3%. 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.

CONSTRUCTION IN PROGRESS

CONSTRUCTION IN PROGRESS	12 Months Ended
	May 31, 2017
Construction In Progress
CONSTRUCTION IN PROGRESS	In June and July 2016, Dlorah, Inc. entered into construction contracts totaling approximately $4.7 million on a 24-unit apartment building and a new administrative building. Construction is being funded through operations. Total construction in progress included in property and equipment on the consolidated balance sheet at May 31, 2017, was approximately $5.1 million. It is anticipated that construction will be complete by the second quarter of fiscal year 2018, but renters began occupying the units on June 1, 2017.

CONDOMINIUM PROJECT

CONDOMINIUM PROJECT	12 Months Ended
	May 31, 2017
Text Block [Abstract]
CONDOMINIUM PROJECT	The Company built 24 condominium units to be sold to the general public called Vista Park. As of May 31, 2017 and 2016, four and six units, respectively, are being leased on a short-term basis while being marketed for sale. These units have been reclassified as property and equipment and are being depreciated. Sales are recorded as (loss) gain on disposition of property within the consolidated statements of operations and comprehensive income. The remaining condominium units are accounted for within condominium inventory on the consolidated balance sheets, and the sales of the condominium units are recorded within condominium sales on the consolidated statements of operations and comprehensive income. One condo unit was sold under a contract for deed in December 2013; however, the sale was not recognized due to the small initial investment and the lack of evidence to support collectability. The sale was recognized in 2017 when the company received over 20% of the sales price. The remaining contract for deed of $133 at May 31, 2017 is included in other assets on the consolidated balance sheet and requires monthly payments of $0.9 through March 1, 2018 at which time all remaining principal will be due in full. One additional condo unit was sold in the year ended May 31, 2017. Both of the 2017 sales were condominiums classified as property and equipment. A total of seventeen units have been sold from the inception of the project through May 31, 2017.

CONTRACT FOR DEED

CONTRACT FOR DEED	12 Months Ended
	May 31, 2017
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 10 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 the property deemed sold, resulting in a gain of $1,743.

LINES OF CREDIT

LINES OF CREDIT	12 Months Ended
	May 31, 2017
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 currently matured on May 31, 2016. The Company chose not to renew the line for the fiscal year 2017 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 or 2015.

LEASES

LEASES	12 Months Ended
	May 31, 2017
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, 2017, 2016 and 2015, was $5,919, $5,737, and $6,037, respectively, which is included in selling, general, and administrative expenses on the consolidated statements of operations and comprehensive income. Future minimum lease payments on noncancelable operating leases for the five years ending May 31 are as follows (in thousands): 2018 $ 6,223 2019 5,972 2020 5,398 2021 4,260 2022 3,061 Thereafter 6,330 Future minimum lease payments include the remaining lease payments for the Tigard, Weldon Springs and Austin South campuses. The associated lease payments were not accelerated because the Company is still receiving economic benefit from the leases. The Allen campus lease payments have been accelerated as there is no intention to utilize the campus going forward, resulting in a liability of $285 at May 31, 2017. This amount is include in accrued and other liabilities on the consolidated balance sheets. Future minimum lease payments on the Allen campus are included in the above schedule. 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 Rapid City campus operations. During the year ended May 31, 2014, the Company increased its capital lease obligation by $2,000 to account for tenant improvements. The Company initially paid for the improvements and reached an agreement with the lessor to be reimbursed for the amount under the terms of a $2,000 note receivable. The note receivable required monthly payments of $14 at 6% that directly offset the monthly payments to the lessor under the capital lease obligation. In June 2014, the landlord of the property paid the $1,373 remaining balance of the note receivable. The Company is obligated to make future payments under the capital lease obligation, which totaled $19.2 million and $20.3 million as of May 31, 2017 and May 31, 2016, respectively, had a net present value of $11.6 million and $11.9 million as of May 31, 2017 and May 31, 2016, respectively, and was recognized as current and non-current capital lease payable of $331 and $11,237 at May 31, 2017 and $285 and $11,567 at May 31, 2016, respectively. The asset totals $10,600, and accumulated depreciation totals $2,959 and $2,429 at May 31, 2017 and 2016, 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, 2017: 2017 1,159 2018 1,183 2019 1,207 2020 1,231 2021 1,255 Thereafter 13,116 Total future minimum lease obligation $ 19,151 Less: Imputed interest on capital leases (7,583 ) Net present value of lease obligations $ 11,568

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	May 31, 2017
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, 24,224,924 and 24,140,972 shares of common stock were outstanding as of May 31, 2017 and 2016, respectively. No shares of preferred stock or Class A common stock were outstanding at May 31, 2017 and 2016. Stock Repurchase Plans 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 depended 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 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. There was no repurchase of shares during the year ended May 31, 2017. During the years ended May 31, 2017 and 2016, respectively, $4 and $65 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, 2017, 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, 2017, 347,059 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, 2017, 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 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. These shares vested on October 6, 2016. During the quarter ended August 31, 2016, the Company issued 281,250 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, 2017. The grant date fair value of the RSUs was $1.93 per share. No expense was recorded as targeted profitability and operating metrics were not attained and all shares were canceled on May 31, 2017. During the year ended May 31, 2017, the Company awarded 46,945 restricted stock awards with time based vesting at a grant date fair value of $1.96 per share to members of the board of directors. Shares vest one year from the October 20, 2016 grant date and require board service for the entire year. Compensation expense associated with restricted stock awards, totaled $91 for the year ended May 31, 2017. For the year ended May 31, 2016 compensation expense for restricted stock awards totaled $116. 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. At May 31, 2017, unamortized compensation cost of restricted stock awards totaled $36. The unamortized cost is expected to be recognized over a weighted-average period of 0.4 years as of May 31, 2017. A summary of restricted share awards activity as of May 31, 2017 and 2016, 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, 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 Granted 46,945 1.96 Vested (40,485 ) 2.47 Forfeited 0 0 Non-vested shares at May 31, 2017 46,945 $ 1.96 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 $60, $320 and $166, respectively, for the years ended May 31, 2017, 2016, and 2015. 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, 2017 and 2016, the following assumptions were used to determine fair value: Assumptions used: 2017 2016 Expected term (in years) 5.75 5.75 Expected volatility 50.65% 50.40% Weighted average risk free interest rate 1.37% 1.54% Weighted average risk free interest rate range 1.37 - 1.37% 1.54 - 1.54% Weighted average expected dividend 8.60% 5.92% Weighted average expected dividend range 8.60 - 8.60% 5.92 - 5.92% Weighted average fair value $ 0.41 $ 0.84 Expected volatilities are bas A summary of option activity under the Plan as of May 31, 2017 and 2016, 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, 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 Outstanding at May 31, 2016 192,350 $ 4.11 8.4 $ 0 Granted 12,500 1.96 Exercised 0 0 Forfeited or canceled (14,000 ) 5.8 Outstanding at May 31, 2017 190,850 $ 3.85 7.6 $ 7 Exercisable at May 31, 2017 190,850 $ 3.85 7.6 $ 7 The Company recorded compensation expense for stock options of $5, $121 and $27, for the years ended May 31, 2017, 2016 and 2015, respectively, in the consolidated statements of operations. As of May 31, 2017, 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, 2017 or 2016. Dividends The following table presents details of the Company’s fiscal 2017 and 2016 dividend payments: Date declared Record date Payment date Per share 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 August 8, 2016 September 30, 2016 October 7, 2016 $ 0.0450 October 3, 2016 December 31, 2016 January 13, 2017 $ 0.0450 January 28, 2017 March 31, 2017 April 7, 2017 $ 0.0450 April 13, 2017 June 30, 2017 (est) July 7, 2017 $ 0.0450

EMPLOYEE COMPENSATION PLANS

EMPLOYEE COMPENSATION PLANS	12 Months Ended
	May 31, 2017
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, 2017
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 $399 and $381 at May 31, 2017 and 2016, respectively. Such liability is reported within accrued and other liabilities in the consolidated balance sheets.

INCOME TAXES

INCOME TAXES	12 Months Ended
	May 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	Components of the provision for income taxes for the years ended May 31, 2017, 2016 and 2015, were as follows: 2017 2016 2015 Current tax (benefit) expense: Federal $ (2,270 ) $ (1,579 ) $ 5,216 State 95 64 751 (2,175 ) (1,515 ) 5,967 Deferred tax (benefit) expense: Federal 733 (1,183 ) (1,396 ) State (108 ) (196 ) (138 ) 625 (1,379 ) (1,534 ) Total tax (benefit) expense $ (1,550 ) $ (2,894 ) $ 4,433 The effective tax rate varies from the statutory federal income tax rate for the following reasons: 2017 2016 2015 Statutory (34.0)% (34.0)% 34.0% State income taxes — net of federal benefit (0.6) (1.9) 3.6 Deferred tax valuation allowance 15.6 0.0 0.0 Permanent differences and other (0.9) 0.6 2.0 Effective income tax rate (19.9)% (35.3)% 39.6% 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 tax assets (liabilities) as of May 31 were as follows: 2017 2016 Deferred income tax assets: Account receivable allowances $ 493 $ 317 Bad debt write-offs 1,521 2,131 Other 32 60 Accrued salaries 612 623 Start up costs 217 246 Capital lease obligations 4,338 4,445 Net operating loss carryforwards - expires 2021-2037 243 155 Deferred rent 1,841 2,037 Total deferred income tax assets 9,297 10,014 Valuation allowance (1,222 ) 0 Net deferred income tax assets 8,075 10,014 Deferred income tax liabilities: Fixed assets and course development (7,689 ) (9,133 ) Prepaid expenses (564 ) (450 ) Other (16 ) 0 Total deferred income tax liabilities (8,269 ) (9,583 ) Net deferred income tax (liabilities) assets $ (194 ) $ 431 The Company has determined that it is more likely than not that it will not realize its deferred tax asset. As such, a valuation allowance totaling $1,222 is recorded at May 31, 2017 and is included in deferred income taxes liability in the accompanying consolidated balance sheet. A primary factor in the assessment of this non-cash charge is that the Company is in a cumulative loss position over the three-year period ended May 31, 2017. 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, 2017
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, 2017 2016 2015 Numerator: Net (loss) income attributable to National American University Holdings, Inc. $ (6,277 ) $ (5,349 ) $ 6,718 Denominator: Weighted average shares outstanding used to compute basic net income per common share 24,154,541 24,651,521 25,160,729 Incremental shares issuable upon the assumed exercise of stock options — — — Incremental shares issuable upon the assumed vesting of restricted shares — — 5,003 Common shares used to compute diluted net income per share 24,154,541 24,651,521 25,165,732 Basic net (loss) income per common share $ (0.26 ) $ (0.22 ) $ 0.27 Diluted net (loss) income per common share $ (0.26 ) $ (0.22 ) $ 0.27 A total of 190,850, 192,350 and 78,750 shares of common stock subject to issuance upon exercise of stock options for the years ended May 31, 2017, 2016 and 2015, respectively, have been excluded from the calculation of diluted EPS as the effect would have been anti-dilutive. A total of 87,430, 82,640 and 0 shares of common stock subject to vesting and issuance upon exercise of restricted stock for the year ended May 31, 2017, 2016, and 2015 have been excluded from the calculation of diluted EPS as the effect would have been anti-dilutive.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	May 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	From time to time, the Company is a party to various claims, lawsuits or other proceedings relating to the conduct of its business. Although the outcome of litigation cannot be predicted with certainty and some claims, lawsuits or other proceedings may be disposed of unfavorably, management believes, based on facts presently known, that the outcome of such legal proceedings and claims, lawsuits or other proceedings will not have a material effect on the Company’s consolidated financial position, cash flows or future results of operations.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	May 31, 2017
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, 2017 and 2016: 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 Unobservable inputs Fair Value May 31, 2017 Investments: Certificates of deposit $ 0 $ 4,183 $ 0 $ 4,183 Money market accounts included in cash equivalents 9 — — 9 Total assets at fair value $ 9 $ 4,183 $ 0 $ 4,192 May 31, 2016 Investments: Certificates of deposit $ 0 $ 4,117 $ 0 $ 4,117 Money market accounts included in cash equivalents 38 — — 38 Total assets at fair value $ 38 $ 4,117 $ 0 $ 4,155 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, 2017
Segment Reporting [Abstract]
SEGMENT REPORTING	Operating segments are defined as business areas or lines of an enterprise about which financial information is available and evaluated on a regular basis by the chief operating decision makers, or decision-making groups, in deciding how to allocate capital and other resources to such lines of business. The Company operates two operating and reportable segments: NAU and Other. The NAU segment contains the revenues and expenses associated with the University operations. 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, 2017 2016 2015 Consolidated Consolidated Consolidated NAU Other Total NAU Other Total NAU Other Total Revenue: Academic $ 80,595 $ — $ 80,595 $ 88,697 $ — $ 88,697 $ 108,360 $ — $ 108,360 Auxiliary 4,832 — 4,832 6,306 — 6,306 7,920 — 7,920 Rental income apartments — 1,160 1,160 — 1,110 1,110 — 1,164 1,164 Condominium sales — — — — — — — 447 447 Total revenue 85,427 1,160 86,587 95,003 1,110 96,113 116,280 1,611 117,891 Operating expenses: Cost of educational services 27,657 — 27,657 26,093 — 26,093 28,551 — 28,551 Selling, general & administrative 60,171 1,468 61,639 70,819 1,392 72,211 71,681 1,620 73,301 Auxiliary 3,477 — 3,477 4,667 — 4,667 5,629 — 5,629 Cost of condominium sales — — — — — — — 368 368 Loss (gain) on disposition of property 1,147 (95 ) 1,052 810 (75 ) 735 114 (1,824 ) (1,710 ) Total operating expenses 92,452 1,373 93,825 102,389 1,317 103,706 105,975 164 106,139 (Loss) income from operations (7,025 ) (213 ) (7,238 ) (7,386 ) (207 ) (7,593 ) 10,305 1,447 11,752 Other income (expense): Interest inc 78 24 102 80 7 87 51 97 148 Interest exp (850 ) — (850 ) (870 ) — (870 ) (883 ) (8 ) (891 ) Other income (loss) - net — 209 209 — 178 178 — 178 178 Total other (expense) income (772 ) 233 (539 ) (790 ) 185 (605 ) (832 ) 267 (565 ) (Loss) income before taxes $ (7,797 ) $ 20 $ (7,777 ) $ (8,176 ) $ (22 ) $ (8,198 ) $ 9,473 $ 1,714 $ 11,187 As of and for the Year Ended As of and for the Year Ended As of and for the Year Ended May 31, 2017 May 31, 2016 May 31, 2015 Consolidated Consolidated Consolidated NAU Other Total NAU Other Total NAU Other Total Total assets $ 44,422 $ 13,170 $ 57,592 $ 60,614 $ 7,912 $ 68,526 $ 78,042 $ 8,502 $ 86,544 Expenditures for long-lived assets $ 1,136 $ 4,411 $ 5,547 $ 710 $ 249 $ 959 $ 859 $ 452 $ 1,311 Depreciation & amortization $ 4,548 $ 538 $ 5,086 $ 5,058 $ 538 $ 5,596 $ 5,546 $ 581 $ 6,127

SUMMARIZED QUARTERLY FINANCIAL

SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	May 31, 2017
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, 2017 Revenues $ 21,130 $ 21,983 $ 21,331 $ 22,143 Operating loss (2,875 ) (993 ) (2,212 ) (1,158 ) Net loss (2,039 ) (742 ) (2,524 ) (922 ) Net loss attributable to NAUH and Subsidiaries (2,056 ) (752 ) (2,536 ) (931 ) Net loss per share (common): Basic (0.09 ) (0.03 ) (0.10 ) (0.04 ) Diluted (0.09 ) (0.03 ) (0.10 ) (0.04 ) Fiscal Year Ended May 31, 2016 Revenues $ 24,649 $ 25,739 $ 22,678 $ 23,047 Operating income (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 )

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	May 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	On July 21, 2017, we entered into an agreement to acquire substantially all of the assets of Henley-Putnam University, a for-profit, post-secondary educational institution that offers 100% online programs focused in the field of strategic security, for an initial cash payment of $1.5 million plus or minus a contingent obligation calculated principally based on Henley-Putnam’s working capital at the time of closing. The transaction is subject to various closing conditions, the satisfaction of which is uncertain at this time. If the closing conditions are satisfied, the transaction is expected to close during the second quarter of our fiscal year 2018.

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	May 31, 2017
Cash and Cash Equivalents	Cash and Cash Equivalents
Investments	Investments The Company’s investments were comprised of the following at May 31: 2017 2016 Gross Gross Gross Gross Unrealized Unrealized Unrealized Unrealized Amortized Holding Holding Fair Amortized Holding Holding Fair Cost Gains Losses Value Cost Gains Losses Value Certificates of deposit $ 4,187 $ — $ (4 ) $ 4,183 $ 4,119 $ — $ (2 ) $ 4,117 As of May 31, 2017, 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, 2017. 2016, and 2015.
Student Receivables	Student Receivables
Other Receivables	Other Receivables
Property and Equipment	Property and Equipment Years Buildings and building improvements 19–40 Land and leasehold 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): 2017 2016 Land $ 119 $ 119 Land improvements 23 23 Buildings and building improvements 42,470 39,759 Furniture, vehicles, and equipment 28,680 27,904 Total gross property and equipment 71,292 67,805 Less accumulated depreciation (39,974 ) (36,532 ) Total net property and equipment $ 31,318 $ 31,273
Condominium Inventory	Condominium Inventory
Capitalized Course Development Costs	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. The amortization of capitalized course development costs was $271, $291, and $339 for the fiscal years 2017, 2016 and 2015, respectively.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets In February 2017, the Company announced the closure of our Allen and Austin South locations. In addition, upon our review for impairment, we determined that the estimated future undiscounted cash flows associated with the assets of two other campuses are not sufficient to recover their carrying value. Accordingly, their carrying values were reduced to their fair value. An impairment charge of $852 related to these four locations was recorded during the year ended May 31, 2017. The impairment charge is included in loss on disposition of property, within the NAU segment, in the consolidated financial statements. 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 company had no impairments in the year ended May 31, 2015.
Deferred Income Taxes	Deferred Income Taxes —
Non-Controlling Interest	Non-Controlling Interest —
Leases	Leases
Rental Income	Rental Income —
Rental Expense	Rental Expense —
Advertising	Advertising —
Academic [Member]
Revenue	Academic Revenue Recognition
Auxiliary [Member]
Revenue	Auxiliary Revenue

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	May 31, 2017
Accounting Policies [Abstract]
Investments	2017 2016 Gross Gross Gross Gross Unrealized Unrealized Unrealized Unrealized Amortized Holding Holding Fair Amortized Holding Holding Fair Cost Gains Losses Value Cost Gains Losses Value Certificates of deposit $ 4,187 $ — $ (4 ) $ 4,183 $ 4,119 $ — $ (2 ) $ 4,117
Property Plant and Equipment Useful Life	Years Buildings and building improvements 19–40 Land and leasehold improvements 10–20 Furniture, vehicles, and equipment 5–15
Components of Property, Plant and Equipment, Net	2017 2016 Land $ 119 $ 119 Land improvements 23 23 Buildings and building improvements 42,470 39,759 Furniture, vehicles, and equipment 28,680 27,904 Total gross property and equipment 71,292 67,805 Less accumulated depreciation (39,974 ) (36,532 ) Total net property and equipment $ 31,318 $ 31,273

DEPARTMENT OF EDUCATION REQUI31

DEPARTMENT OF EDUCATION REQUIREMENTS (Tables)	12 Months Ended
	May 31, 2017
Text Block [Abstract]
Revenues Source	2017 2016 2015 Title IV HEA funds received $ 69,900.00 $ 90,238.00 $ 106,305.00 Academic revenue $ 84,600.00 =82.62% $ 103,904.00 =86.85% $ 119,200.00 =89.18% (cash basis)

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	May 31, 2017
Leases [Abstract]
Future Minimum Lease Payments on Non-cancelable Operating Leases	2018 $ 6,223 2019 5,972 2020 5,398 2021 4,260 2022 3,061 Thereafter 6,330
Schedule of Future Minimum Commitments Under Revised Capital Lease Obligation	2017 1,159 2018 1,183 2019 1,207 2020 1,231 2021 1,255 Thereafter 13,116 Total future minimum lease obligation $ 19,151 Less: Imputed interest on capital leases (7,583 ) Net present value of lease obligations $ 11,568

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	May 31, 2017
Equity [Abstract]
Summary of Restricted Shares Activity	Restricted Shares Shares Weighted Average Grant Date Fair Value 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 Granted 46,945 1.96 Vested (40,485 ) 2.47 Forfeited 0 0 Non-vested shares at May 31, 2017 46,945 $ 1.96
Summary of Stock Options Issued	Assumptions used: 2017 2016 Expected term (in years) 5.75 5.75 Expected volatility 50.65% 50.40% Weighted average risk free interest rate 1.37% 1.54% Weighted average risk free interest rate range 1.37 - 1.37% 1.54 - 1.54% Weighted average expected dividend 8.60% 5.92% Weighted average expected dividend range 8.60 - 8.60% 5.92 - 5.92% Weighted average fair value $ 0.41 $ 0.84
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, 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 Outstanding at May 31, 2016 192,350 $ 4.11 8.4 $ 0 Granted 12,500 1.96 Exercised 0 0 Forfeited or canceled (14,000 ) 5.8 Outstanding at May 31, 2017 190,850 $ 3.85 7.6 $ 7 Exercisable at May 31, 2017 190,850 $ 3.85 7.6 $ 7
Summary of Dividend Payments	Date declared Record date Payment date Per share 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 August 8, 2016 September 30, 2016 October 7, 2016 $ 0.0450 October 3, 2016 December 31, 2016 January 13, 2017 $ 0.0450 January 28, 2017 March 31, 2017 April 7, 2017 $ 0.0450 April 13, 2017 June 30, 2017 (est) July 7, 2017 $ 0.0450

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	May 31, 2017
Income Tax Disclosure [Abstract]
Components of Provision for Income Taxes	2017 2016 2015 Current tax (benefit) expense: Federal $ (2,270 ) $ (1,579 ) $ 5,216 State 95 64 751 (2,175 ) (1,515 ) 5,967 Deferred tax (benefit) expense: Federal 733 (1,183 ) (1,396 ) State (108 ) (196 ) (138 ) 625 (1,379 ) (1,534 ) Total tax (benefit) expense $ (1,550 ) $ (2,894 ) $ 4,433
Summary of Effective Income Tax Rate	2017 2016 2015 Statutory (34.0)% (34.0)% 34.0% State income taxes — net of federal benefit (0.6) (1.9) 3.6 Deferred tax valuation allowance 15.6 0.0 0.0 Permanent differences and other (0.9) 0.6 2.0 Effective income tax rate (19.9)% (35.3)% 39.6%
Significant Components of Deferred Tax Assets and Liabilities	2017 2016 Deferred income tax assets: Account receivable allowances $ 493 $ 317 Bad debt write-offs 1,521 2,131 Other 32 60 Accrued salaries 612 623 Start up costs 217 246 Capital lease obligations 4,338 4,445 Net operating loss carryforwards - expires 2021-2037 243 155 Deferred rent 1,841 2,037 Total deferred income tax assets 9,297 10,014 Valuation allowance (1,222 ) 0 Net deferred income tax assets 8,075 10,014 Deferred income tax liabilities: Fixed assets and course development (7,689 ) (9,133 ) Prepaid expenses (564 ) (450 ) Other (16 ) 0 Total deferred income tax liabilities (8,269 ) (9,583 ) Net deferred income tax (liabilities) assets $ (194 ) $ 431

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	May 31, 2017
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator for Basic and Diluted EPS Computations	For the year ended May 31, 2017 2016 2015 Numerator: Net (loss) income attributable to National American University Holdings, Inc. $ (6,277 ) $ (5,349 ) $ 6,718 Denominator: Weighted average shares outstanding used to compute basic net income per common share 24,154,541 24,651,521 25,160,729 Incremental shares issuable upon the assumed exercise of stock options — — — Incremental shares issuable upon the assumed vesting of restricted shares — — 5,003 Common shares used to compute diluted net income per share 24,154,541 24,651,521 25,165,732 Basic net (loss) income per common share $ (0.26 ) $ (0.22 ) $ 0.27 Diluted net (loss) income per common share $ (0.26 ) $ (0.22 ) $ 0.27

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	May 31, 2017
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 Unobservable inputs Fair Value May 31, 2017 Investments: Certificates of deposit $ 0 $ 4,183 $ 0 $ 4,183 Money market accounts included in cash equivalents 9 — — 9 Total assets at fair value $ 9 $ 4,183 $ 0 $ 4,192 May 31, 2016 Investments: Certificates of deposit $ 0 $ 4,117 $ 0 $ 4,117 Money market accounts included in cash equivalents 38 — — 38 Total assets at fair value $ 38 $ 4,117 $ 0 $ 4,155

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	May 31, 2017
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, 2017 2016 2015 Consolidated Consolidated Consolidated NAU Other Total NAU Other Total NAU Other Total Revenue: Academic $ 80,595 $ — $ 80,595 $ 88,697 $ — $ 88,697 $ 108,360 $ — $ 108,360 Auxiliary 4,832 — 4,832 6,306 — 6,306 7,920 — 7,920 Rental income apartments — 1,160 1,160 — 1,110 1,110 — 1,164 1,164 Condominium sales — — — — — — — 447 447 Total revenue 85,427 1,160 86,587 95,003 1,110 96,113 116,280 1,611 117,891 Operating expenses: Cost of educational services 27,657 — 27,657 26,093 — 26,093 28,551 — 28,551 Selling, general & administrative 60,171 1,468 61,639 70,819 1,392 72,211 71,681 1,620 73,301 Auxiliary 3,477 — 3,477 4,667 — 4,667 5,629 — 5,629 Cost of condominium sales — — — — — — — 368 368 Loss (gain) on disposition of property 1,147 (95 ) 1,052 810 (75 ) 735 114 (1,824 ) (1,710 ) Total operating expenses 92,452 1,373 93,825 102,389 1,317 103,706 105,975 164 106,139 (Loss) income from operations (7,025 ) (213 ) (7,238 ) (7,386 ) (207 ) (7,593 ) 10,305 1,447 11,752 Other income (expense): Interest inc 78 24 102 80 7 87 51 97 148 Interest exp (850 ) — (850 ) (870 ) — (870 ) (883 ) (8 ) (891 ) Other income (loss) - net — 209 209 — 178 178 — 178 178 Total other (expense) income (772 ) 233 (539 ) (790 ) 185 (605 ) (832 ) 267 (565 ) (Loss) income before taxes $ (7,797 ) $ 20 $ (7,777 ) $ (8,176 ) $ (22 ) $ (8,198 ) $ 9,473 $ 1,714 $ 11,187 As of and for the Year Ended As of and for the Year Ended As of and for the Year Ended May 31, 2017 May 31, 2016 May 31, 2015 Consolidated Consolidated Consolidated NAU Other Total NAU Other Total NAU Other Total Total assets $ 44,422 $ 13,170 $ 57,592 $ 60,614 $ 7,912 $ 68,526 $ 78,042 $ 8,502 $ 86,544 Expenditures for long-lived assets $ 1,136 $ 4,411 $ 5,547 $ 710 $ 249 $ 959 $ 859 $ 452 $ 1,311 Depreciation & amortization $ 4,548 $ 538 $ 5,086 $ 5,058 $ 538 $ 5,596 $ 5,546 $ 581 $ 6,127

SUMMARIZED QUARTERLY FINANCIA38

SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	May 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Quarter First Second Third Fourth Fiscal Year Ended May 31, 2017 Revenues $ 21,130 $ 21,983 $ 21,331 $ 22,143 Operating loss (2,875 ) (993 ) (2,212 ) (1,158 ) Net loss (2,039 ) (742 ) (2,524 ) (922 ) Net loss attributable to NAUH and Subsidiaries (2,056 ) (752 ) (2,536 ) (931 ) Net loss per share (common): Basic (0.09 ) (0.03 ) (0.10 ) (0.04 ) Diluted (0.09 ) (0.03 ) (0.10 ) (0.04 ) Fiscal Year Ended May 31, 2016 Revenues $ 24,649 $ 25,739 $ 22,678 $ 23,047 Operating income (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 )

STATEMENT PRESENTATION AND BA39

STATEMENT PRESENTATION AND BASIS OF CONSOLIDATION (Details Narrative) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2017	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2017	May 31, 2016	May 31, 2015
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Assets	$ 57,592				$ 68,526				$ 57,592	$ 68,526	$ 86,544
Net income	$ (931)	$ (2,536)	$ (752)	$ (2,056)	$ (970)	$ (1,891)	$ (1,178)	$ (1,309)	$ (6,275)	$ (5,348)	6,716
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	$ 543				$ 611				$ 543	$ 611
Liabilities	$ 90				$ 91				90	91
Net income									$ 97	$ 88	$ 75

NATURE OF OPERATIONS (Details N

NATURE OF OPERATIONS (Details Narrative)	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
Sales Revenue Net [Member] | Nau [Member]
Nature Of Operations [Line Items]
Total revenues that were derived from NAU's academic revenue	93.00%	92.00%	92.00%

SUMMARY OF SIGNIFICANT ACCOUN41

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	May 31, 2017	May 31, 2016
Available For Sale Investments [Line Items]
Amortized Cost	$ 4,187	$ 4,119
Gross Unrealized Holding Gains	0	0
Gross Unrealized Holding Losses	(4)	(2)
Fair Value	4,183	4,117
Certificates Of Deposit [Member]
Available For Sale Investments [Line Items]
Amortized Cost	4,187	4,119
Gross Unrealized Holding Gains	0	0
Gross Unrealized Holding Losses	(4)	(2)
Fair Value	$ 4,183	$ 4,117

SUMMARY OF SIGNIFICANT ACCOUN42

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	12 Months Ended
	May 31, 2017
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 ACCOUN43

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Thousands	May 31, 2017	May 31, 2016
Property and equipment - net
Land	$ 119	$ 119
Land improvements	23	23
Buildings and building improvements	42,470	39,759
Furniture, vehicles, and equipment	28,680	27,904
Total gross property and equipment	71,292	67,805
Less accumulated depreciation	(39,974)	(36,532)
Total net property and equipment	$ 31,318	$ 31,273

SUMMARY OF SIGNIFICANT ACCOUN44

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
Basis Of Presentation [Line Items]
Proceeds from sale of available for sale investments	$ 7,652	$ 3,881	$ 61,478
Depreciation expense	5,086	5,596	6,127
Depreciation expense for property and equipment	4,815	5,305	5,788
Impairment of long lived-assets	852
Deferred rent and tenant improvement liability	4,910	5,432
Advertising cost	9,125	10,734	9,807
Amortization related to development cost	271	291	339
Denver
Basis Of Presentation [Line Items]
Impairment of long lived-assets		85
Weldon Springs
Basis Of Presentation [Line Items]
Impairment of long lived-assets		328
Tigard
Basis Of Presentation [Line Items]
Impairment of long lived-assets		394
Allen Campus
Basis Of Presentation [Line Items]
Deferred rent and tenant improvement liability	285
Capital Lease Asset [Member]
Basis Of Presentation [Line Items]
Depreciation expense	$ 530	$ 530	$ 530

RECENTLY ADOPTED AND NEW ACCO45

RECENTLY ADOPTED AND NEW ACCOUNTING PRONOUNCEMENTS (Details Narrative) - USD ($) $ in Thousands	May 31, 2017	May 31, 2016
Recently Adopted And New Accounting Pronouncements Details Narrative
Current deferred tax asset reclassification		$ 2,621
Long-term deferred tax liability reclassification		(2,190)
Net deferred tax asset	$ 0	$ 431

DEPARTMENT OF EDUCATION REQUI46

DEPARTMENT OF EDUCATION REQUIREMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
Regulatory Requirements [Line Items]
Academic revenue	$ 80,595	$ 88,697	$ 108,360
Percentage of revenue collected from funds under title IV programs	82.62%	86.85%	89.18%
Cash Basis Method [Member]
Regulatory Requirements [Line Items]
Academic revenue	$ 84,600	$ 103,904	$ 119,200
United States Department Of Education Student Financial Aid Under Title I V Programs [Member]
Regulatory Requirements [Line Items]
Title IV HEA funds received	$ 69,900	$ 90,238	$ 106,305

DEPARTMENT OF EDUCATION REQUI47

DEPARTMENT OF EDUCATION REQUIREMENTS (Details Narrative) - Point	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
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	1.8	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 2013 [Member]
Regulatory Requirements [Line Items]
Cohort default rates	.234
Federal Fiscal Year 2012 [Member]
Regulatory Requirements [Line Items]
Cohort default rates	0.206
Federal Fiscal Year 2014 [Member]
Regulatory Requirements [Line Items]
Draft Cohort Default Rate	.243

CONSTRUCTION IN PROGRESS (Detai

CONSTRUCTION IN PROGRESS (Details Narrative) - USD ($) $ in Thousands	May 31, 2017	Jul. 31, 2016
Construction In Progress Details Narrative
Construction contracts		$ 4,700
Construction in progress	$ 5,100

CONDOMINIUM PROJECT (Details Na

CONDOMINIUM PROJECT (Details Narrative)	May 31, 2017USD ($)
Condominium Project Details Narrative
Remaining contract for deed	$ 133,000
Required monthly payments	$ 900

CONTRACT FOR DEED (Details Narr

CONTRACT FOR DEED (Details Narrative) - USD ($) $ in Thousands	Jul. 11, 2014	Mar. 28, 2013	May 31, 2017	May 31, 2016	May 31, 2015
Real Estate Properties [Line Items]
Loss (gain) on disposition of property			$ 1,052	$ 735	$ (1,710)
Former Rapid City Campus
Real Estate Properties [Line Items]
Property, sales price		$ 4,000
Loss (gain) on disposition of property	$ (1,743)
Lease­back payments and maintenance expenses	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, 2017USD ($)
Leases [Abstract]
2,018	$ 6,223
2,019	5,972
2,020	5,398
2,021	4,260
2,022	3,061
Thereafter	$ 6,330

LEASES (Details 1)

LEASES (Details 1) - USD ($) $ in Thousands	May 31, 2017	May 31, 2016
Leases [Abstract]
2,017	$ 1,159
2,018	1,183
2,019	1,207
2,020	1,231
2,021	1,255
Thereafter	13,116
Total future minimum lease obligation	19,151	$ 20,300
Less: Imputed interest on capital leases	(7,583)
Net present value of lease obligations	$ 11,568	$ 11,852

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015	May 31, 2014
Lease Liability [Line Items]
Operating lease rent expense	$ 5,919	$ 5,737	$ 6,037
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	19,151	20,300
Net present value of capital lease obligation	11,568	11,852
Capital lease payable, current	331	285
Capital lease payable, non-current	11,237	11,567
Capital lease assets	10,600	10,600
Capital lease assets, accumulated depreciation	2,959	2,429
Deferred rent and tenant improvement liability	4,910	$ 5,432
Allen Campus
Lease Liability [Line Items]
Deferred rent and tenant improvement liability	$ 285

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	May 31, 2017	May 31, 2016
Restricted Shares
Shares, non-vested shares, beginning balance	40,485	42,155
Shares, granted	46,495	40,845
Shares, vested	(40,485)	(42,155)
Shares, forfeited	0	0
Shares, non-vested shares, ending balance	46,945	40,485
Weighted average grant date fair value
Weighted average grant date fair value, non-vested shares, beginning balance	$ 2.47	$ 3.11
Weighted average grant date fair value, granted	1.96	2.47
Weighted average grant date fair value, vested	2.47	3.11
Weighted average grant date fair value,forfeited	0	0
Weighted average grant date fair value, Non-vested shares, Ending balance	$ 1.96	$ 2.47

STOCKHOLDERS' EQUITY (Details 1

STOCKHOLDERS' EQUITY (Details 1) - Stock Option [Member] - $ / shares	12 Months Ended
	May 31, 2017	May 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	5 years 9 months	5 years 9 months
Expected volatility	50.65%	50.40%
Weighted average risk free interest rate	1.37%	1.54%
Weighted average risk free interest rate range, minimum	1.37%	1.54%
Weighted average risk free interest rate range, maximum	1.37%	1.54%
Weighted average expected dividend	8.60%	5.92%
Weighted average expected dividend range, minimum	8.60%	5.92%
Weighted average expected dividend range, maximum	8.60%	5.92%
Weighted average fair value	$ 0.41	$ 0.84

STOCKHOLDERS' EQUITY (Details 2

STOCKHOLDERS' EQUITY (Details 2) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
Shares
Outstanding Shares, Beginning Balance	192,350	78,750
Shares, Granted	12,500	148,475
Shares, Exercised	0	0
Shares, Forfeited or canceled	(14,000)	(34,875)
Outstanding Shares, Ending Balance	190,850	192,350	78,750
Exercisable Shares, At The End of Period	190,850	192,350
Weighted Average Exercise Price
Weighted Average Exercise Price, Beginning balance	$ 4.11	$ 6.34
Weighted Average Exercise Price, Granted	1.96	3.06
Weighted Average Exercise Price, Exercised	0	0
Weighted Average Exercise Price, Forfeited or canceled	5.80	4.67
Weighted Average Exercise Price, Ending balance	3.85	4.11	$ 6.34
Weighted Average Exercise Price, Ending balance exercisable	$ 3.85	$ 4.11
Weighted Average Remaining Contractual Life (in years)
Weighted Average Remaining Contractual Life (in years), Outstanding	7 years 7 months 6 days	8 years 4 months 24 days	7 years 1 month 6 days
Weighted Average Remaining Contractual Life (in years), Exercisable	7 years 7 months 6 days	8 years 4 months 24 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value, Ending Balance	$ 7	$ 0
Aggregate Intrinsic Value, Exercisable at the end of Period	$ 7	$ 0

STOCKHOLDERS' EQUITY (Details 3

STOCKHOLDERS' EQUITY (Details 3)	12 Months Ended
	May 31, 2017$ / shares
Period One [Member]
Dividends Payable [Line Items]
Date declared	Apr. 13, 2015
Record date	Jun. 30, 2015
Payment date	Jul. 10, 2015
Per share	$ 0.045
Period Two [Member]
Dividends Payable [Line Items]
Date declared	Aug. 10, 2015
Record date	Sep. 30, 2015
Payment date	Oct. 9, 2015
Per share	$ 0.045
Period Three [Member]
Dividends Payable [Line Items]
Date declared	Oct. 5, 2015
Record date	Dec. 31, 2015
Payment date	Jan. 15, 2016
Per share	$ 0.045
Period Four [Member]
Dividends Payable [Line Items]
Date declared	Jan. 23, 2016
Record date	Mar. 31, 2016
Payment date	Apr. 8, 2016
Per share	$ 0.045
Period Five [Member]
Dividends Payable [Line Items]
Date declared	Apr. 4, 2016
Record date	Jun. 30, 2016
Payment date	Jul. 8, 2016
Per share	$ 0.045
Period Six [Member]
Dividends Payable [Line Items]
Date declared	Aug. 8, 2016
Record date	Sep. 30, 2016
Payment date	Oct. 7, 2016
Per share	$ 0.045
Period Seven [Member]
Dividends Payable [Line Items]
Date declared	Oct. 3, 2016
Record date	Dec. 31, 2016
Payment date	Jan. 13, 2017
Per share	$ 0.045
Period Eight [Member]
Dividends Payable [Line Items]
Date declared	Jan. 28, 2017
Record date	Mar. 31, 2017
Payment date	Apr. 7, 2017
Per share	$ 0.045
Period Nine [Member]
Dividends Payable [Line Items]
Date declared	Apr. 13, 2017
Record date	Jun. 30, 2017
Payment date	Jul. 7, 2017	[1]
Per share	$ 0.045
[1]	estimated

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Aug. 31, 2016	Nov. 30, 2015	May 31, 2017	May 31, 2016	May 31, 2015
Common stock, shares outstanding			24,224,924	24,140,972
Treasury Stock dollars resulting from settlement of Stock Based Compensation			$ 4	$ 65	$ 32
Compensation expenses restricted stock award			91	116	122
Unamortized compensation cost of restricted stock			$ 36
Unamortized compensation cost weighted average period			4 months 24 days
Compensation expense of stock options			$ 5	121	27
Unrestricted stock compensation expense			$ 60	$ 320	166
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
Total Authorized Capital Stock			51,100,000	51,100,000
Restricted Stock Units
Restricted stock units issued	281,250	187,500
Grant date fair value	$ 1.93	$ 3.06
Restricted stock units compensation expense			$ 0	$ 0	$ (1,170)
2013 Plan [Member]
Shares authorized for issuance			750,000
Common stock remain available for issuance			750,000
2009 Stock Option and Compensation Plan [Member]
Shares authorized for issuance			1,300,000
Common stock remain available for issuance			347,059
Single Shareholder
Stock Repurchased, Shares				853,073
Stock Repurchased, Value				$ 2,039
February 2016 Share Repurchase
Stock Repurchased, Shares				30,440
Stock Repurchased, Value				$ 50
Maximum Shares Repurchase authorized				$ 500
Maximum price per share authorized				$ 1.75
August 2015 Share Repurchase
Stock Repurchased, Shares			353,581
Stock Repurchased, Value			$ 868
Maximum Shares Repurchase authorized			$ 350,000
Maximum price per share authorized			$ 1,250
Common Class A [Member]
Common Stock Authorized			100,000	100,000
Common Stock Par Value			$ 0.0001	$ 0.0001

EMPLOYEE COMPENSATION PLANS (De

EMPLOYEE COMPENSATION PLANS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
401(k) Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Employer discretionary contribution amount	$ 0	$ 514	$ 0
Employer contribution matching percentage	5.00%	5.00%	5.00%
Accrued contribution employer amount	$ 2	$ 49
Compensation Plans
Defined Benefit Plan Disclosure [Line Items]
Incentive expense	0	$ 0	$ 390
Annual compensation paid in common stock	100
Reduction in CEO common stock compensation	$ 67

SELF-INSURED HEALTH INSURANCE (

SELF-INSURED HEALTH INSURANCE (Details Narrative) - USD ($) $ in Thousands	May 31, 2017	May 31, 2016
Self-insured Health Insurance Details Narrative
Claims outstanding	$ 399	$ 381

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
Current tax (benefit) expense:
Federal	$ (2,270)	$ (1,579)	$ 5,216
State	95	64	751
Total current tax (benefit) expense	(2,175)	(1,515)	5,967
Deferred tax (benefit) expense:
Federal	733	(1,183)	(1,396)
State	(108)	(196)	(138)
Total deferred tax (benefit) expense	625	(1,379)	(1,534)
Total tax (benefit) expense	$ (1,550)	$ (2,894)	$ 4,433

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
Income Tax Disclosure [Abstract]
Statutory	(34.00%)	(34.00%)	34.00%
State income taxes - net of federal benefit	(0.60%)	(1.90%)	3.60%
Deferred tax valuation allowance	15.60%	0.00%	0.00%
Permanent differences and other	(0.90%)	0.60%	2.00%
Effective income tax rate	(19.90%)	(35.30%)	39.60%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	6 Months Ended
	May 31, 2017	May 31, 2016
Deferred income tax assets:
Account receivable allowances	$ 493	$ 317
Bad debt write-offs	1,521	2,131
Other	32	60
Accrued salaries	612	623
Start up costs	217	246
Capital lease obligations	4,338	4,445
Net operating loss carryforwards	$ 243	155
Net operating loss carryforward expiration	2021-2037
Deferred rent	$ 1,841	2,037
Total deferred income tax assets	9,297	10,014
Valuation allowance	(1,222)	0
Total deferred income tax assets	8,075	10,014
Deferred income tax liabilities:
Fixed assets and course development	(7,689)	(9,133)
Prepaid expenses	(564)	(450)
Other	(16)	0
Total deferred income tax liabilities	(8,269)	(9,583)
Net deferred income tax (liabilities) assets	$ (194)	$ 431

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) $ in Thousands	May 31, 2017USD ($)
Income Taxes Details Narrative
Valuation allowance	$ 1,222

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2017	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2017	May 31, 2016	May 31, 2015
Numerator:
Net (loss) income attributable to National American University Holdings, Inc.	$ (931)	$ (2,536)	$ (752)	$ (2,056)	$ (970)	$ (1,891)	$ (1,178)	$ (1,309)	$ (6,275)	$ (5,348)	$ 6,716
Denominator:
Weighted average shares outstanding used to compute basic net income per common share									24,154,541	24,651,521	25,160,729
Incremental shares issuable upon the assumed exercise of stock options									0	0	0
Incremental shares issuable upon the assumed vesting of restricted shares									0	0	5,003
Common shares used to compute diluted net income per share									24,154,541	24,651,521	25,165,732
Basic net income per common share	$ (0.04)	$ (0.10)	$ (0.03)	$ (0.09)	$ (0.04)	$ (0.08)	$ (0.05)	$ (0.05)	$ (0.26)	$ (0.22)	$ 0.27
Diluted net income per common share	$ (0.04)	$ (0.10)	$ (0.03)	$ (0.09)	$ (0.04)	$ (0.08)	$ (0.05)	$ (0.05)	$ (0.26)	$ (0.22)	$ 0.27

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - shares	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
Stock Option [Member]
Computation Of Earnings Per Share [Line Items]
Number of shares excluded from calculation of diluted EPS	190,850	192,350	78,750
Restricted Stock [Member]
Computation Of Earnings Per Share [Line Items]
Gross restricted shares outstanding	87,430	82,640	0

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Fair Value Measurements Recurring [Member] - USD ($) $ in Thousands	May 31, 2017	May 31, 2016
Investments
Total assets at fair value	$ 4,192	$ 4,155
Money market accounts included in cash equivalents [Member]
Investments
Total assets at fair value	9	38
Certificates of Deposit [Member]
Investments
Total assets at fair value	4,183	4,117
Fair Value Inputs Level 1 [Member]
Investments
Total assets at fair value	9	38
Fair Value Inputs Level 1 [Member] | Money market accounts included in cash equivalents [Member]
Investments
Total assets at fair value	9	38
Fair Value Inputs Level 1 [Member] | Certificates of Deposit [Member]
Investments
Total assets at fair value	0	0
Fair Value Inputs Level 2 [Member]
Investments
Total assets at fair value	4,183	4,117
Fair Value Inputs Level 2 [Member] | Money market accounts included in cash equivalents [Member]
Investments
Total assets at fair value	0	0
Fair Value Inputs Level 2 [Member] | Certificates of Deposit [Member]
Investments
Total assets at fair value	4,183	4,117
Fair Value, Inputs, Level 3 [Member]
Investments
Total assets at fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Money market accounts included in cash equivalents [Member]
Investments
Total assets at fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Certificates of Deposit [Member]
Investments
Total assets at fair value	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta69

FAIR VALUE MEASUREMENTS (Details Narrative) - USD ($) $ in Thousands	May 31, 2017	May 31, 2016
Fair Value Disclosures [Abstract]
Estimated fair value of capital lease obligations	$ 11,568	$ 11,852

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2017	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2017	May 31, 2016	May 31, 2015
Revenue:
Academic									$ 80,595	$ 88,697	$ 108,360
Auxiliary									4,832	6,306	7,920
Rental income apartments									1,160	1,110	1,164
Condominium sales									0	0	447
Total revenue	$ 22,143	$ 21,331	$ 21,983	$ 21,130	$ 23,047	$ 22,678	$ 25,739	$ 24,649	86,587	96,113	117,891
Operating expenses:
Cost of educational services									27,657	26,093	28,551
Selling, general & administrative									61,639	72,211	73,301
Auxiliary									3,477	4,667	5,629
Cost of condominium sales									0	0	368
Loss (gain) on disposition of property									1,052	735	(1,710)
Total operating expenses									93,825	103,706	106,139
(Loss) income from operations	(1,158)	$ (2,212)	$ (993)	$ (2,875)	(1,475)	$ (2,844)	$ (1,358)	$ (1,916)	(7,238)	(7,593)	11,752
Other income (expense):
Interest inc									102	87	148
Interest exp									(850)	(870)	(891)
Other income (loss) - net									209	178	178
Total other (expense) income									(539)	(605)	(565)
(Loss) income before taxes									(7,777)	(8,198)	11,187
Total assets	57,592				68,526				57,592	68,526	86,544
Expenditures for for long-lived assets									5,547	959	1,311
Depreciation & amortization									5,086	5,596	6,127
Nau [Member]
Revenue:
Academic									80,595	88,697	108,360
Auxiliary									4,832	6,306	7,920
Rental income apartments									0	0	0
Condominium sales									0	0	0
Total revenue									85,427	95,003	116,280
Operating expenses:
Cost of educational services									27,657	26,093	28,551
Selling, general & administrative									60,171	70,819	71,681
Auxiliary									3,477	4,667	5,629
Cost of condominium sales									0	0	0
Loss (gain) on disposition of property									1,147	810	114
Total operating expenses									92,452	102,389	105,975
(Loss) income from operations									(7,025)	(7,386)	10,305
Other income (expense):
Interest inc									78	80	51
Interest exp									(850)	(870)	(883)
Other income (loss) - net									0	0	0
Total other (expense) income									(772)	(790)	(832)
(Loss) income before taxes									(7,797)	(8,176)	9,473
Total assets	44,422				60,614				44,422	60,614	78,042
Expenditures for for long-lived assets									1,136	710	859
Depreciation & amortization									4,548	5,058	5,546
Other [Member]
Revenue:
Academic									0	0	0
Auxiliary									0	0	0
Rental income apartments									1,160	1,110	1,164
Condominium sales									0	0	447
Total revenue									1,160	1,110	1,611
Operating expenses:
Cost of educational services									0	0	0
Selling, general & administrative									1,468	1,392	1,620
Auxiliary									0	0	0
Cost of condominium sales									0	0	368
Loss (gain) on disposition of property									(95)	(75)	(1,824)
Total operating expenses									1,373	1,317	164
(Loss) income from operations									(213)	(207)	1,447
Other income (expense):
Interest inc									24	7	97
Interest exp									0	0	(8)
Other income (loss) - net									209	178	178
Total other (expense) income									233	185	267
(Loss) income before taxes									20	(22)	1,714
Total assets	$ 13,170				$ 7,912				13,170	7,912	8,502
Expenditures for for long-lived assets									4,411	249	452
Depreciation & amortization									$ 538	$ 538	$ 581

SUMMARIZED QUARTERLY FINANCIA71

SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	May 31, 2017	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2017	May 31, 2016	May 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 22,143	$ 21,331	$ 21,983	$ 21,130	$ 23,047	$ 22,678	$ 25,739	$ 24,649	$ 86,587	$ 96,113	$ 117,891
Operating (loss) income	(1,158)	(2,212)	(993)	(2,875)	(1,475)	(2,844)	(1,358)	(1,916)	(7,238)	(7,593)	11,752
Net loss	(922)	(2,524)	(742)	(2,039)	(961)	(1,875)	(1,170)	(1,298)	(6,227)	(5,304)	6,754
Net loss attributable to NAUH and Subsidiaries	$ (931)	$ (2,536)	$ (752)	$ (2,056)	$ (970)	$ (1,891)	$ (1,178)	$ (1,309)	$ (6,275)	$ (5,348)	$ 6,716
Net (loss) income per share (common):
Basic	$ (0.04)	$ (0.10)	$ (0.03)	$ (0.09)	$ (0.04)	$ (0.08)	$ (0.05)	$ (0.05)	$ (0.26)	$ (0.22)	$ 0.27
Diluted	$ (0.04)	$ (0.10)	$ (0.03)	$ (0.09)	$ (0.04)	$ (0.08)	$ (0.05)	$ (0.05)	$ (0.26)	$ (0.22)	$ 0.27

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) $ in Thousands	1 Months Ended
	Jul. 21, 2017USD ($)
Subsequent Events Details Narrative
Acquisition price	$ 1,500