DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2013

Discontinued Operations And Disposal Groups [Abstract]

Summary Results of Operations for 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 on Consolidated Balance Sheets

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

Changes in Future Remaining Lease Obligations Discontinued Operations

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.