SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2013

Summary Financial Information by Reporting Segment

Summary financial information by reporting segment follows (dollars in thousands):


	For the Quarter Ended September 30,
	Revenue				Operating (Loss) Income
	2013		2012		2013			2012
CTU	$	82,424	$	86,484	$	9,208		$	10,324
AIU		56,284		71,204		(5,930	)		1,084

Total University Schools		138,708		157,688		3,278			11,408

Health Education		34,129		40,469		(14,783	)		(12,758	)
Culinary Arts ⁽¹⁾		44,256		54,415		(23,655	)		(10,136	)
Design & Technology		24,752		33,129		(10,036	)		(6,240	)

Total Career Schools		103,137		128,013		(48,474	)		(29,134	)

Corporate and Other		—		16		(7,561	)		(5,389	)

Subtotal		241,845		285,717		(52,757	)		(23,115	)
Transitional Schools		9,468		30,438		(15,892	)		(17,327	)

Total	$	251,313	$	316,155	$	(68,649	)	$	(40,442	)


	For the Year to Date Ended September 30,
	Revenue				Operating (Loss) Income
	2013		2012		2013			2012
CTU	$	259,520	$	274,652	$	41,708		$	41,584
AIU		182,518		238,985		(1,763	)		22,623

Total University Schools		442,038		513,637		39,945			64,207

Health Education ⁽²⁾		107,439		140,018		(53,200	)		(64,660	)
Culinary Arts ⁽¹⁾		134,771		175,148		(52,809	)		(11,991	)
Design & Technology ⁽³⁾		82,899		109,654		(24,787	)		(50,912	)

Total Career Schools		325,109		424,820		(130,796	)		(127,563	)

Corporate and Other ⁽⁴⁾		—		50		(24,979	)		1,746

Subtotal		767,147		938,507		(115,830	)		(61,610	)
Transitional Schools ⁽⁵⁾		43,761		109,259		(43,521	)		(46,666	)

Total	$	810,908	$	1,047,766	$	(159,351	)	$	(108,276	)


	Total Assets as of ⁽⁶⁾
	September 30, 2013		December 31, 2012
CTU	$	74,300	$	72,554
AIU		60,755		65,092

Total University Schools		135,055		137,646

Health Education		36,884		52,511
Culinary Arts		145,860		173,477
Design & Technology		32,108		30,720

Total Career Schools		214,852		256,708

Corporate and Other		342,734		433,233

Subtotal		692,641		827,587
Transitional Schools		19,731		38,448
Discontinued Operations		272,811		256,668

Total	$	985,183	$	1,122,703

(1)	Year to date 2013 expenses include a $13.0 million trade name impairment charge, of which $10.7 million was recorded in the third quarter of 2013.

(2)	Year to date 2013 expenses include $10.3 million related to the settlement of a legal matter and a $1.7 million trade name impairment charge. Year to date 2012 included a $41.9 million goodwill impairment charge.

(3)	Year to date 2012 expenses include a $40.8 million goodwill impairment charge.

(4)	The operating income for the year to date ended September 30, 2012 included a $19.0 million insurance recovery related to the settlement of claims under certain insurance policies.

(5)	Year to date 2012 expenses include a $1.0 million trade name impairment charge, $0.9 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 $0.7 million goodwill impairment charge.

(6)	Total assets do not include intercompany 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.

+ References+ Details