SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2014

Summary Financial Information by Reporting Segment

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.

- 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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