DISPOSITIONS	12 Months Ended
Dec. 31, 2013
Text Block [Abstract]
DISPOSITIONS	3. DISPOSITIONS International Segment On December 3, 2013, we completed the sale and transfer of control of our International Segment, which consisted of our INSEEC schools and the International University of Monaco located in France and Monaco, respectively. This sale reflects our strategy to redeploy our assets to rebuild our domestic educational institutions and improve our options for accelerating growth. The total consideration for the International Segment pursuant to the Purchase Agreement was $305.0 million, less certain distributions and adjustments prior to closing, which resulted in a cash payment of $276.5 million received at closing. We realized a gain on the sale of $130.1 million, net of approximately $8.9 million of transaction costs, which represents the difference between the proceeds received and the book value of the net assets sold. Included in the net assets of the International Segment was a $6.7 million cumulative translation loss resulting from the effects of foreign currency on the balance sheet. This loss had previously been recorded within accumulated other comprehensive loss as a component of stockholders’ equity. The income tax expense associated with the gain approximates $87.9 million, of which $39.9 million was recorded during the third quarter of 2013 once we determined that our investment in foreign subsidiaries was no longer permanent in duration. The $39.9 million represented the tax effect of the difference in basis for financial reporting versus tax reporting. The gain, net of tax, is included in income from discontinued operations, net of tax on our consolidated statements of (loss) income and comprehensive (loss) income. See Note 5 “Discontinued Operations” of the notes to our consolidated financial statements for further discussion. AIU London On April 1, 2013, we completed the sale of our AIU campus in London, England. AIU London is considered to be part of the AIU asset group and as such the sale has been reported within continuing operations in accordance with FASB ASC Topic 205 – Presentation of Financial Statements. We received no consideration for the sale of AIU London resulting in a fair market value of zero and recorded a loss on sale of $6.9 million for the year ended December 31, 2013. This loss is reported within other (expense) income on our statements of (loss) income and comprehensive (loss) income. The terms of the sales agreement provided that we make payments to offset future rent payments made by the buyer related to leases assigned to the buyer; accordingly, these amounts were included in the loss calculation. Also included in the loss on the sale was approximately $3.3 million of expense related to the cumulative translation loss resulting from the effects of foreign currency on AIU London’s balance sheet as of the date of sale. This loss had previously been recorded within accumulated other comprehensive loss as a component of stockholders’ equity.

3. DISPOSITIONS

International Segment

On December 3, 2013, we completed the sale and transfer of control of our International Segment, which consisted of our INSEEC schools and the International University of Monaco located in France and Monaco, respectively. This sale reflects our strategy to redeploy our assets to rebuild our domestic educational institutions and improve our options for accelerating growth. The total consideration for the International Segment pursuant to the Purchase Agreement was $305.0 million, less certain distributions and adjustments prior to closing, which resulted in a cash payment of $276.5 million received at closing.

We realized a gain on the sale of $130.1 million, net of approximately $8.9 million of transaction costs, which represents the difference between the proceeds received and the book value of the net assets sold. Included in the net assets of the International Segment was a $6.7 million cumulative translation loss resulting from the effects of foreign currency on the balance sheet. This loss had previously been recorded within accumulated other comprehensive loss as a component of stockholders’ equity. The income tax expense associated with the gain approximates $87.9 million, of which $39.9 million was recorded during the third quarter of 2013 once we determined that our investment in foreign subsidiaries was no longer permanent in duration. The $39.9 million represented the tax effect of the difference in basis for financial reporting versus tax reporting. The gain, net of tax, is included in income from discontinued operations, net of tax on our consolidated statements of (loss) income and comprehensive (loss) income. See Note 5 “Discontinued Operations” of the notes to our consolidated financial statements for further discussion.

AIU London

On April 1, 2013, we completed the sale of our AIU campus in London, England. AIU London is considered to be part of the AIU asset group and as such the sale has been reported within continuing operations in accordance with FASB ASC Topic 205 – Presentation of Financial Statements. We received no consideration for the sale of AIU London resulting in a fair market value of zero and recorded a loss on sale of $6.9 million for the year ended December 31, 2013. This loss is reported within other (expense) income on our statements of (loss) income and comprehensive (loss) income. The terms of the sales agreement provided that we make payments to offset future rent payments made by the buyer related to leases assigned to the buyer; accordingly, these amounts were included in the loss calculation. Also included in the loss on the sale was approximately $3.3 million of expense related to the cumulative translation loss resulting from the effects of foreign currency on AIU London’s balance sheet as of the date of sale. This loss had previously been recorded within accumulated other comprehensive loss as a component of stockholders’ equity.