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Discontinued Operations and Assets Held for Sale (Tables) | 12 Months Ended
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Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Summary of major classes of assets and liabilities reclassified to held for sale | The carrying amounts of the major classes of assets and liabilities that were classified as held for sale are presented in the following table:
| December 31, 2018 | December 31, 2017
Assets of Discontinued Operations |  |
Cash and cash equivalents | $ | 214,934 |  | $ | 197,898 |
Receivables, net | 38,588 |  | 83,045 |
Property and equipment, net | 667,527 |  | 830,408 |
Goodwill | 131,329 |  | 159,042 |
Tradenames | 124,932 |  | 156,746 |
Other assets | 99,566 |  | 122,201 |
Subtotal: assets of Discontinued Operations | $ | 1,276,876 |  | $ | 1,549,340 |
Other assets classified as Held for Sale: UniNorte Brazil |  |
Receivables, net | $ | 6,983 |  | $ | — |
Property and equipment, net | 16,726 |  | — |
Goodwill | 15,165 |  | — |
Tradenames | 8,146 |  | — |
Other assets | 13,935 |  | — |
Subtotal: other assets classified as held for sale | $ | 60,955 |  | $ | — |
Total assets held for sale | $ | 1,337,831 |  | $ | 1,549,340 |
| December 31, 2018 | December 31, 2017
Liabilities of Discontinued Operations |  |
Deferred revenue and student deposits | $ | 115,969 |  | $ | 223,163 |
Long-term debt, including current portion | 278,074 |  | 319,473 |
Other liabilities | 253,397 |  | 314,680 |
Subtotal: liabilities of Discontinued Operations | $ | 647,440 |  | $ | 857,316 |
Other liabilities classified as held for sale: UniNorte Brazil |  |
Deferred revenue and student deposits | $ | 469 |  | $ | — |
Long-term debt, including current portion | 5,370 |  | — |
Other liabilities | 9,405 |  | — |
Subtotal: other liabilities classified as held for sale | $ | 15,244 |  | $ | — |
Total liabilities held for sale | $ | 662,684 |  | $ | 857,316 |
Summarized operating results of the Discontinued Operations are presented in the following table:
For the year ended December 31, | 2018 | 2017 | 2016
Revenues | $ | 869,670 |  | $ | 992,113 |  | $ | 942,329 |
Depreciation and amortization | 26,515 |  | 60,409 |  | 65,073 |
Share-based compensation expense | 1,053 |  | 2,944 |  | 2,957 |
Other direct costs | 693,729 |  | 780,490 |  | 758,617 |
Loss on impairment of assets | — |  | 33,476 |  | 23,465 |
Operating income | 148,373 |  | 114,794 |  | 92,217 |
Other non-operating expense | (21,911 | ) | (17,373 | ) | (28,210 | )
Pretax income of discontinued operations | 126,462 |  | 97,421 |  | 64,007 |
Income tax expense | (47,382 | ) | (24,495 | ) | (30,561 | )
Income from discontinued operations, net of tax | $ | 79,080 |  | $ | 72,926 |  | $ | 33,446 |
Operating cash flows of discontinued operations | $ | 171,209 |  | $ | 121,259 |  | $ | 106,752 |
Investing cash flows of discontinued operations | $ | (71,397 | ) | $ | (74,435 | ) | $ | (46,790 | )
Financing cash flows of discontinued operations | $ | (16,774 | ) | $ | (78,014 | ) | $ | (35,127 | )

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