XML 53 R18.htm IDEA: XBRL DOCUMENT
v2.4.0.8

SEGMENT REPORTING | 6 Months Ended
--- | ---
Jun. 30, 2014
Segment Reporting [Abstract] |
SEGMENT REPORTING | 13. SEGMENT REPORTING Our segments are determined in accordance with FASB ASC Topic 280 — Segment Reporting and are based upon how the Company analyzes performance and makes decisions. Each segment represents a group of postsecondary education providers that offer a variety of degree and non-degree academic programs. These segments are organized by key market segments to enhance brand focus and operational alignment within each segment to more effectively execute our strategic plan. Our reporting segments are described below. University Schools: Colorado Technical University (CTU) collectively offers academic programs in the career-oriented disciplines of business studies, information systems and technologies, criminal justice, computer science and engineering, and health sciences in an online, classroom or laboratory setting. American InterContinental University (AIU) collectively offers academic programs in the career-oriented disciplines of business studies, information technologies, criminal justice and design technologies in an online, classroom or laboratory setting. Career Schools: Career Colleges includes Briarcliffe College, Brooks Institute, Harrington College of Design, Missouri College and our Sanford-Brown institutions. The Career Colleges group collectively offers academic programs primarily in the career-oriented discipline of health education complemented by certain programs in business studies and information technology, as well as visual communications, fashion design, photography, interior design, graphic design and video production in a classroom, laboratory or online setting. Culinary Arts includes our Le Cordon Bleu institutions in North America which collectively offer hands-on educational programs in the career-oriented disciplines of culinary arts and patisserie and baking in the commercial-grade kitchens of Le Cordon Bleu. Le Cordon Bleu also provides online programs in culinary arts and hotel and restaurant management. Transitional Schools includes our campuses that are currently being taught out. We evaluate segment performance based on operating results. Adjustments to reconcile segment results to consolidated results are included under the caption “Corporate and Other,” which primarily includes unallocated corporate activity and eliminations. Summary financial information by reporting segment is as follows (dollars in thousands):
|  | For the Quarter Ended June 30, |
|  | Revenue |  |  | Operating (Loss) Income |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
CTU |  | $ | 85,041 |  |  | $ | 86,557 |  |  | $ | 20,957 |  |  | $ | 17,062 |
AIU |  |  | 49,685 |  |  |  | 59,935 |  |  |  | (1,331 | ) |  |  | 1,021 |
Total University Schools |  |  | 134,726 |  |  |  | 146,492 |  |  |  | 19,626 |  |  |  | 18,083 |
Career Colleges (1) |  |  | 47,128 |  |  |  | 54,160 |  |  |  | (18,836 | ) |  |  | (29,960 | )
Culinary Arts (2) |  |  | 42,566 |  |  |  | 44,577 |  |  |  | (19,772 | ) |  |  | (17,017 | )
Total Career Schools |  |  | 89,694 |  |  |  | 98,737 |  |  |  | (38,608 | ) |  |  | (46,977 | )
Corporate and Other |  |  | 38 |  |  |  | — |  |  |  | (5,513 | ) |  |  | (11,050 | )
Subtotal |  |  | 224,458 |  |  |  | 245,229 |  |  |  | (24,495 | ) |  |  | (39,944 | )
Transitional Schools |  |  | 4,834 |  |  |  | 14,272 |  |  |  | (8,841 | ) |  |  | (9,716 | )
Total |  | $ | 229,292 |  |  | $ | 259,501 |  |  | $ | (33,336 | ) |  | $ | (49,660 | )
|  | For the Year to Date Ended June 30, |
|  | Revenue |  |  | Operating (Loss) Income |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
CTU |  | $ | 171,961 |  |  | $ | 176,319 |  |  | $ | 35,438 |  |  | $ | 33,317 |
AIU |  |  | 102,258 |  |  |  | 126,234 |  |  |  | (4,914 | ) |  |  | 4,167 |
Total University Schools |  |  | 274,219 |  |  |  | 302,553 |  |  |  | 30,524 |  |  |  | 37,484 |
Career Colleges (1) |  |  | 99,809 |  |  |  | 113,066 |  |  |  | (35,135 | ) |  |  | (44,153 | )
Culinary Arts (2) |  |  | 84,813 |  |  |  | 90,515 |  |  |  | (37,818 | ) |  |  | (29,154 | )
Total Career Schools |  |  | 184,622 |  |  |  | 203,581 |  |  |  | (72,953 | ) |  |  | (73,307 | )
Corporate and Other |  |  | 138 |  |  |  | — |  |  |  | (16,649 | ) |  |  | (17,418 | )
Subtotal |  |  | 458,979 |  |  |  | 506,134 |  |  |  | (59,078 | ) |  |  | (53,241 | )
Transitional Schools |  |  | 11,680 |  |  |  | 30,678 |  |  |  | (16,149 | ) |  |  | (16,103 | )
Total |  | $ | 470,659 |  |  | $ | 536,812 |  |  | $ | (75,227 | ) |  | $ | (69,344 | )
|  | Total Assets as of (3) |  |  |  |  |  |  |
|  | June 30, 2014 |  |  | December 31, 2013 |  |  |  |  |  |  |
CTU |  | $ | 74,402 |  |  | $ | 75,275 |  |  |  |  |  |  |  |  |
AIU |  |  | 52,876 |  |  |  | 54,426 |  |  |  |  |  |  |  |  |
Total University Schools |  |  | 127,278 |  |  |  | 129,701 |  |  |  |  |  |  |  |  |
Career Colleges |  |  | 53,687 |  |  |  | 57,670 |  |  |  |  |  |  |  |  |
Culinary Arts |  |  | 93,016 |  |  |  | 108,349 |  |  |  |  |  |  |  |  |
Total Career Schools |  |  | 146,703 |  |  |  | 166,019 |  |  |  |  |  |  |  |  |
Corporate and Other |  |  | 383,762 |  |  |  | 491,669 |  |  |  |  |  |  |  |  |
Subtotal |  |  | 657,743 |  |  |  | 787,389 |  |  |  |  |  |  |  |  |
Transitional Schools |  |  | 7,985 |  |  |  | 11,175 |  |  |  |  |  |  |  |  |
Discontinued Operations |  |  | 1,752 |  |  |  | 6,481 |  |  |  |  |  |  |  |  |
Total |  | $ | 667,480 |  |  | $ | 805,045 |  |  |  |  |  |  |  |  |
(1) | The second quarter of 2013 operating loss includes $8.3 million related to the settlement of a legal matter and a $1.7 million trade name impairment charge.
(2) | The second quarters of 2014 and 2013 operating loss include a $7.4 million and $2.3 million trade name impairment charge, respectively.
(3) | Total assets do not include intercompany receivable or payable activity between schools and corporate and investments in subsidiaries.

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration