SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2012

Summary Financial Information By Reporting Segment

Summary financial information by reporting segment is as follows:


	Revenue					Operating (Loss) Income
	For the Quarters Ended September 30,					For the Quarters Ended September 30,
	2012		2011			2012			2011
	(Dollars in thousands)
CTU ⁽¹⁾	$	88,976	$	100,477		$	9,712		$	16,755
AIU		71,204		85,787			1,084			12,430
Health Education		65,399		102,195			(28,468	)		(3,632	)
Culinary Arts		54,583		73,686			(10,722	)		3,800
Art & Design		37,914		49,686			(7,963	)		2,557
International		14,665		16,664			(6,444	)		(3,064	)
Corporate and Other		16		(84	)		(5,446	)		(8,965	)

Total	$	332,757	$	428,411		$	(48,247	)	$	19,881


	Revenue					Operating (Loss) Income
	For the Years to Date Ended September 30,					For the Years to Date Ended September 30,
	2012		2011			2012			2011
	(Dollars in thousands)
CTU ⁽¹⁾	$	283,750	$	330,603		$	40,272		$	87,016
AIU		238,985		288,092			22,623			66,384
Health Education ⁽²⁾		232,375		328,329			(107,565	)		11,379
Culinary Arts		176,430		248,718			(15,171	)		30,741
Art & Design ⁽³⁾		125,636		170,962			(55,823	)		20,627
International		78,634		78,630			4,275			8,729
Corporate and Other ⁽⁴⁾		50		(345	)		1,676			(16,809	)

Total	$	1,135,860	$	1,444,989		$	(109,713	)	$	208,067


	Total Assets as of ⁽⁵⁾
	September 30, 2012		December 31, 2011
	(Dollars in thousands)
CTU	$	74,039	$	74,648
AIU		67,939		73,090
Health Education		93,422		149,444
Culinary Arts		197,582		215,318
Art & Design		39,847		88,869
International		253,353		277,140
Corporate and Other		398,486		417,182
Discontinued Operations		20,361		20,429

Total	$	1,145,029	$	1,316,120

(1)	During the third quarter of 2011, CTU recorded an accrual of $5.0 million within administrative expense for an estimate for potential reimbursements of government funds, which was subsequently settled for $3.6 million during the third quarter of 2012.

(2)

Year to date September 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. Year to date September 2011 included a $2.0 million charge related to the impairment of accreditation rights intangible assets.

(3)	Year to date September 2012 included a $41.5 million goodwill impairment charge.

(4)

Year to date September 2012 included a $19.0 million insurance recovery related to the settlement of claims under certain insurance policies. Year to date September 30, 2011 included a $7.0 million insurance recovery related to previously settled legal matters and a $1.4 million gain on the sale of real estate.

(5)	Total assets do not include the following intercompany activity: receivable or payable activity between schools and corporate and investments in subsidiaries.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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