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DISCONTINUED OPERATIONS | 6 Months Ended
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Jun. 30, 2012
DISCONTINUED OPERATIONS | 4. DISCONTINUED OPERATIONS As of June 30, 2012, the results of operations for schools that have ceased operations or were sold are presented within discontinued operations. The combined summary of unaudited results of operations for our discontinued operations for the quarters and years to date ended June 30, 2012 and 2011 were as follows:
|  | For the Quarters Ended June 30, |  |  | For the Years to Date Ended June 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
|  | (Dollars in thousands) |
Revenue |  | $ | — |  |  | $ | 12,313 |  |  | $ | 5 |  |  | $ | 23,977 |
(Loss) income before income tax |  | $ | (782 | ) |  | $ | 2,842 |  |  | $ | (1,393 | ) |  | $ | 6,565 |
Income tax provision (benefit) (1) |  |  | 5,585 |  |  |  | 908 |  |  |  | (669 | ) |  |  | 2,191 |
(Loss) income from discontinued operations, net of tax |  | $ | (6,367 | ) |  | $ | 1,934 |  |  | $ | (724 | ) |  | $ | 4,374 |
(1) | Amount represents the difference between the total consolidated income tax (benefit) provision, calculated by applying the estimated full-year consolidated effective tax rate to earnings/(losses) reported for the period, and the income tax (benefit) provision for continuing operations, calculated by applying the estimated full-year effective tax rate for continuing operations to pretax (loss) income from continuing operations for the period.
Assets and liabilities of discontinued operations on our consolidated balance sheets as of June 30, 2012 and December 31, 2011 include the following:
|  | June 30, 2012 |  |  | December 31, 2011 |
|  | (Dollars in thousands) |
Assets: |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Receivables, net |  | $ | 58 |  |  | $ | 104 |
Deferred income tax assets |  |  | 3,224 |  |  |  | 3,224 |
Total current assets |  |  | 3,282 |  |  |  | 3,328 |
Non-current assets: |  |  |  |  |  |  |  |
Deferred income tax assets |  |  | 15,421 |  |  |  | 15,421 |
Other assets, net |  |  | 1,560 |  |  |  | 1,680 |
Total assets of discontinued operations |  | $ | 20,263 |  |  | $ | 20,429 |
Liabilities: |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | $ | — |  |  | $ | 3 |
Accrued expenses |  |  | — |  |  |  | 498 |
Remaining lease obligations |  |  | 11,072 |  |  |  | 7,902 |
Total current liabilities |  |  | 11,072 |  |  |  | 8,403 |
Non-current liabilities: |  |  |  |  |  |  |  |
Remaining lease obligations |  |  | 30,143 |  |  |  | 37,935 |
Total liabilities of discontinued operations |  | $ | 41,215 |  |  | $ | 46,338 |
A number of the campuses that ceased operations have remaining lease obligations that expire over time with the latest expiration in 2019. A liability is recorded representing the fair value of the remaining lease obligation at the time in which the space is no longer being utilized. Changes in our future remaining lease obligations, which are reflected within current and non-current liabilities of discontinued operations on our consolidated balance sheets, for our discontinued operations for the quarters and years to date ended June 30, 2012 and 2011 were as follows:
|  | Balance, Beginning of Period |  |  | Charges Incurred (1) |  |  | Net Cash Payments |  |  | Other (2) |  |  | Balance, End of Period |
|  | (Dollars in thousands) |  |  |  |
For the quarter ended June 30, 2012 |  | $ | 43,598 |  |  | $ | 416 |  |  | $ | (2,799 | ) |  | $ | — |  |  | $ | 41,215 |
For the quarter ended June 30, 2011 |  | $ | 46,682 |  |  | $ | 1,992 |  |  | $ | (3,311 | ) |  | $ | (1,468 | ) |  | $ | 43,895 |
For the year to date ended June 30, 2012 |  | $ | 45,837 |  |  | $ | 713 |  |  | $ | (5,335 | ) |  | $ | — |  |  | $ | 41,215 |
For the year to date ended June 30, 2011 |  | $ | 50,378 |  |  | $ | 819 |  |  | $ | (5,834 | ) |  | $ | (1,468 | ) |  | $ | 43,895 |
(1) | Includes charges for newly vacated spaces and subsequent adjustments for accretion, revised estimates, and variances between estimated and actual charges, net of any reversals for terminated lease obligations.
(2) | Includes existing prepaid rent balances for newly vacated spaces that are netted with the losses incurred in the period recorded.

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43-48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 + Details
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