DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2014

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 and years to date ended June 30, 2014 and 2013 were as follows (dollars in thousands):


	For the Quarter Ended June 30,						For the Year to Date Ended June 30,
	2014			2013			2014			2013
Revenue	$	1,075		$	35,397		$	3,087		$	98,596

Loss before income tax	$	(10,964	)	$	(16,287	)	$	(27,537	)	$	(16,253	)
Income tax benefit ⁽¹⁾		—			(7,669	)		—			(9,494	)

Loss from discontinued operations, net of tax	$	(10,964	)	$	(8,618	)	$	(27,537	)	$	(6,759	)

(1)	Due to the valuation allowance against our net deferred taxes, there is no income tax benefit reported for the quarter and year to date ended June 30, 2014.

Assets and Liabilities of Discontinued Operations on Consolidated Balance Sheets

Assets and liabilities of discontinued operations on our unaudited consolidated balance sheets as of June 30, 2014 and December 31, 2013 include the following (dollars in thousands):


	June 30, 2014		December 31, 2013
Assets:
Current assets:
Cash and cash equivalents	$	—	$	472
Receivables, net		385		1,320
Other current assets		188		1,178

Total current assets		573		2,970

Non-current assets:
Property and equipment, net		5		2,011
Other assets, net		1,174		1,500

Total assets of discontinued operations	$	1,752	$	6,481

Liabilities:
Current liabilities:
Accounts payable and accrued expenses	$	241	$	1,267
Deferred tuition revenue		—		1,061
Remaining lease obligations		16,754		13,048

Total current liabilities		16,995		15,376

Non-current liabilities:
Remaining lease obligations		32,912		30,852
Other		165		6,159

Total liabilities of discontinued operations	$	50,072	$	52,387

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 and years to date ended June 30, 2014 and 2013, were as follows (dollars in thousands):


	Balance, Beginning of Period		Charges Incurred ⁽¹⁾		Net Cash Payments			Other ⁽²⁾			Balance, End of Period
For the quarter ended June 30, 2014	$	48,091	$	5,893	$	(5,469	)	$	1,151		$	49,666

For the quarter ended June 30, 2013	$	43,739	$	1,181	$	(3,674	)	$	(27	)	$	41,219

For the year to date ended June 30, 2014	$	43,900	$	13,196	$	(12,017	)	$	4,587		$	49,666

For the year to date ended June 30, 2013	$	46,298	$	954	$	(5,968	)	$	(65	)	$	41,219

(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.