XML 60 R19.htm IDEA: XBRL DOCUMENT
v2.4.0.6

SEGMENT REPORTING | 6 Months Ended
--- | ---
Jun. 30, 2012
SEGMENT REPORTING | 14. SEGMENT REPORTING The Company has six reporting segments. The reporting segments are described below. CTU includes our Colorado Technical University schools. These schools collectively offer academic programs in the career-oriented disciplines of business studies, information systems and technologies, criminal justice, computer science and engineering, and health sciences in an online, classroom or laboratory setting. AIU includes our American InterContinental University schools. These schools collectively offer academic programs in the career-oriented disciplines of business studies, accounting, information technologies, criminal justice, fashion marketing and design, media production, interior design, visual communication and education in an online, classroom or laboratory setting. Health Education includes our Sanford-Brown schools, along with Brown College, Briarcliffe College and Missouri College. These schools collectively offer academic programs in the career-oriented disciplines of health education, complemented by certain programs in business studies and information technology, in a classroom, laboratory or online setting. Culinary Arts includes our LCB schools that collectively offer culinary arts programs in the career-oriented disciplines of culinary arts, baking and pastry arts, and hotel and restaurant management in a classroom, kitchen or online setting. Art & Design includes IADT, Harrington College of Design, Collins College and Brooks Institute schools. These schools offer academic programs primarily in the career-oriented disciplines of graphic design, web design and development, Internet marketing, information technology, retail merchandising and management, fashion design, game design, interior design, film and video production, photography and visual communications in a classroom, laboratory or online setting, as well as job training in the field of energy conservation. International includes our INSEEC schools and IUM school located in France, the United Kingdom and Monaco, which collectively offer academic programs in the career-oriented disciplines of business studies, health education, advertising, communications and technologies and luxury goods and services in a classroom or laboratory setting. We evaluate segment performance based on operating income. Adjustments to reconcile segment results to consolidated results are included under the caption “Corporate and Other,” which primarily includes unallocated corporate activity and eliminations. Summary financial information by reporting segment is as follows:
|  | Revenue |  |  | Operating Income (Loss) |
|  | For the Quarters Ended June 30, |  |  | For the Quarters Ended June 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
|  | (Dollars in thousands) |
CTU |  | $ | 94,859 |  |  | $ | 112,061 |  |  | $ | 11,515 |  |  | $ | 33,973 |
AIU |  |  | 78,841 |  |  |  | 98,031 |  |  |  | 6,878 |  |  |  | 26,337 |
Health Education (1) |  |  | 75,751 |  |  |  | 109,825 |  |  |  | (67,253 | ) |  |  | 3,381 |
Culinary Arts |  |  | 58,301 |  |  |  | 83,259 |  |  |  | (4,441 | ) |  |  | 13,174 |
Art & Design (2) |  |  | 40,054 |  |  |  | 56,676 |  |  |  | (46,971 | ) |  |  | 7,675 |
International |  |  | 21,140 |  |  |  | 25,151 |  |  |  | (2,406 | ) |  |  | 2,038 |
Corporate and Other |  |  | 20 |  |  |  | (125 | ) |  |  | (5,419 | ) |  |  | (7,267 | )
Total |  | $ | 368,966 |  |  | $ | 484,878 |  |  | $ | (108,097 | ) |  | $ | 79,311 |
|  | Revenue |  |  | Operating Income (Loss) |
|  | For the Years to Date Ended June 30, |  |  | For the Years to Date Ended June 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
|  | (Dollars in thousands) |
CTU |  | $ | 194,774 |  |  | $ | 230,126 |  |  | $ | 30,560 |  |  | $ | 70,261 |
AIU |  |  | 167,781 |  |  |  | 202,305 |  |  |  | 21,539 |  |  |  | 53,954 |
Health Education |  |  | 166,976 |  |  |  | 226,134 |  |  |  | (79,097 | ) |  |  | 15,011 |
Culinary Arts |  |  | 121,847 |  |  |  | 175,032 |  |  |  | (4,449 | ) |  |  | 26,941 |
Art & Design |  |  | 87,722 |  |  |  | 121,276 |  |  |  | (47,860 | ) |  |  | 18,070 |
International |  |  | 63,969 |  |  |  | 61,966 |  |  |  | 10,719 |  |  |  | 11,793 |
Corporate and Other (3) |  |  | 34 |  |  |  | (261 | ) |  |  | 7,122 |  |  |  | (7,844 | )
Total |  | $ | 803,103 |  |  | $ | 1,016,578 |  |  | $ | (61,466 | ) |  | $ | 188,186 |
|  | Total Assets as of (4) |
|  | June 30, 2012 |  |  | December 31, 2011 |
|  | (Dollars in thousands) |
CTU |  | $ | 73,206 |  |  | $ | 74,648 |
AIU |  |  | 66,871 |  |  |  | 73,090 |
Health Education |  |  | 88,507 |  |  |  | 149,444 |
Culinary Arts |  |  | 204,647 |  |  |  | 215,318 |
Art & Design |  |  | 40,891 |  |  |  | 88,869 |
International |  |  | 253,557 |  |  |  | 277,140 |
Corporate and Other |  |  | 391,148 |  |  |  | 417,182 |
Discontinued Operations |  |  | 20,263 |  |  |  | 20,429 |
Total |  | $ | 1,139,090 |  |  | $ | 1,316,120 |
(1) | Second quarter of 2012 included a $41.9 million goodwill impairment charge, $1.1 million in asset impairment charges recorded as a result of the decision made in the second quarter of 2012 to teach out several schools and a $1.0 million trade name impairment charge. Second quarter of 2011 included a $2.0 million charge related to the impairment of accreditation rights intangible assets.
(2) | Second quarter of 2012 included a $41.5 million goodwill impairment charge.
(3) | Year to date June 2012 operating income includes a $19.0 million insurance recovery related to the settlement of claims under certain insurance policies. Year to date June 30, 2011 operating loss includes a $7.0 million insurance recovery related to previously settled legal matters and a $1.4 million gain on the sale of real estate.
(4) | Total assets do not include the following intercompany activity: receivable or payable activity between schools and corporate and investments in subsidiaries.

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -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 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration