SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2014

Summary Financial Information by Reporting Segment

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


	For the Quarter Ended March 31,
	Revenue				Operating (Loss) Income
	2014		2013		2014			2013
CTU	$	87,031	$	90,209	$	14,186		$	15,912
AIU		52,573		66,299		(3,583	)		3,146

Total University Schools		139,604		156,508		10,603			19,058

Career Colleges		53,040		59,786		(17,150	)		(15,003	)
Culinary Arts		42,246		45,938		(18,046	)		(12,137	)

Total Career Schools		95,286		105,724		(35,196	)		(27,140	)

Corporate and Other		100		—		(11,136	)		(6,368	)

Subtotal		234,990		262,232		(35,729	)		(14,450	)
Transitional Schools		8,115		22,218		(12,143	)		(10,580	)

Total	$	243,105	$	284,450	$	(47,872	)	$	(25,030	)


	Total Assets as of ⁽¹⁾
	March 31, 2014		December 31, 2013
CTU	$	74,253	$	75,441
AIU		53,431		54,426

Total University Schools		127,684		129,867

Career Colleges		55,713		58,718
Culinary Arts		104,230		108,349

Total Career Schools		159,943		167,067

Corporate and Other		440,458		491,674

Subtotal		728,085		788,608
Transitional Schools		11,484		13,433
Discontinued Operations		1,929		3,004

Total	$	741,498	$	805,045

(1)	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.

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