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DISCONTINUED OPERATIONS | 3 Months Ended
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Mar. 31, 2013
Discontinued Operations And Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | 5. DISCONTINUED OPERATIONS As of March 31, 2013, the results of operations for campuses that have ceased operations or were sold, and are considered distinct operations as defined under FASB ASC Topic 205 – Presentation of Financial Statements, are presented within discontinued operations. During the first quarter of 2013 and the fourth quarter of 2012, our SBC Hazelwood and LCB Pittsburgh campuses, respectively, ceased operations. All current and prior period financial statements and the related notes herein, include the results of operations and financial position for these campuses as components of discontinued operations. Results of Discontinued Operations The summary of unaudited results of operations for our discontinued operations for the quarters ended March 31, 2013 and 2012 were as follows:
|  | For the Quarter Ended March 31, |
| 2013 |  |  | 2012 |
| (Dollars in thousands) |
Revenue |  | $ | 27 |  |  | $ | 2,778 |
Loss before income tax |  | $ | (1,126 | ) |  | $ | (1,836 | )
Income tax benefit (1) |  |  | (414 | ) |  |  | (12,253 | )
(Loss) income from discontinued operations, net of tax |  | $ | (712 | ) |  | $ | 10,417 |
(1) | Amount represents the difference between total consolidated income tax (benefit) provision, calculated by applying the estimated full-year consolidated effective tax rate to (losses) earnings 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 Assets and liabilities of discontinued operations on our unaudited consolidated balance sheets as of March 31, 2013 and December 31, 2012 include the following:
|  | March 31, 2013 |  |  | December 31, 2012 |
| (Dollars in thousands) |
Assets: |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 15 |  |  | $ | 63 |
Receivables, net |  |  | 251 |  |  |  | 476 |
Other current assets |  |  | — |  |  |  | 115 |
Deferred income tax assets |  |  | 3,450 |  |  |  | 3,450 |
Total current assets |  |  | 3,716 |  |  |  | 4,104 |
Non-current assets: |  |  |  |  |  |  |  |
Property and equipment, net |  |  | 1 |  |  |  | 162 |
Deferred income tax assets |  |  | 17,253 |  |  |  | 17,253 |
Other assets, net |  |  | 1,389 |  |  |  | 1,553 |
Total assets of discontinued operations |  | $ | 22,359 |  |  | $ | 23,072 |
Liabilities: |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 17 |  |  | $ | 29 |
Accrued expenses |  |  | 323 |  |  |  | 665 |
Deferred tuition revenue |  |  | — |  |  |  | 20 |
Remaining lease obligations |  |  | 11,966 |  |  |  | 9,174 |
Total current liabilities |  |  | 12,306 |  |  |  | 9,888 |
Non-current liabilities: |  |  |  |  |  |  |  |
Remaining lease obligations |  |  | 27,982 |  |  |  | 33,103 |
Other |  |  | 196 |  |  |  | 96 |
Total liabilities of discontinued operations |  | $ | 40,484 |  |  | $ | 43,087 |
Remaining Lease Obligations 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 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 unaudited consolidated balance sheets, for the quarters ended March 31, 2013 and 2012, 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 March 31, 2013 |  | $ | 42,277 |  |  | $ | (302 | ) |  | $ | (2,016 | ) |  | $ | (11 | ) |  | $ | 39,948 |
For the quarter ended March 31, 2012 |  | $ | 45,961 |  |  | $ | 295 |  |  | $ | (2,612 | ) |  | $ | — |  |  | $ | 43,644 |
(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 and deferred rent liability 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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