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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2014
Segment Reporting [Abstract] |
Summary Financial Information by Reporting Segment | Summary financial information by reporting segment is as follows (dollars in thousands):
|  | For the Quarter Ended September 30, |
|  | Revenue |  |  | Operating (Loss) Income |
|  | 2014 |  |  | % of Total |  |  | 2013 |  |  | % of Total |  |  | 2014 |  |  | 2013 |
CTU |  | $ | 82,410 |  |  |  | 36.2 | % |  | $ | 82,185 |  |  |  | 33.7 | % |  | $ | 10,698 |  |  | $ | 9,615 |
AIU |  |  | 51,889 |  |  |  | 22.8 | % |  |  | 56,284 |  |  |  | 23.1 | % |  |  | (4,194 | ) |  |  | (5,930 | )
Total University Schools |  |  | 134,299 |  |  |  | 59.0 | % |  |  | 138,469 |  |  |  | 56.7 | % |  |  | 6,504 |  |  |  | 3,685 |
Career Colleges (1) |  |  | 40,799 |  |  |  | 17.9 | % |  |  | 45,900 |  |  |  | 18.8 | % |  |  | (29,908 | ) |  |  | (17,242 | )
Culinary Arts (2) |  |  | 44,499 |  |  |  | 19.6 | % |  |  | 44,256 |  |  |  | 18.1 | % |  |  | (12,602 | ) |  |  | (23,655 | )
Total Career Schools |  |  | 85,298 |  |  |  | 37.5 | % |  |  | 90,156 |  |  |  | 36.9 | % |  |  | (42,510 | ) |  |  | (40,897 | )
Corporate and Other (3) |  |  | 52 |  |  |  | 0.0 | % |  |  | — |  |  |  | 0.0 | % |  |  | 2,528 |  |  |  | (7,561 | )
Subtotal |  |  | 219,649 |  |  |  | 96.6 | % |  |  | 228,625 |  |  |  | 93.6 | % |  |  | (33,478 | ) |  |  | (44,773 | )
Transitional Schools |  |  | 7,803 |  |  |  | 3.4 | % |  |  | 15,545 |  |  |  | 6.4 | % |  |  | (11,390 | ) |  |  | (10,099 | )
Total |  | $ | 227,452 |  |  |  | 100.0 | % |  | $ | 244,170 |  |  |  | 100.0 | % |  | $ | (44,868 | ) |  | $ | (54,872 | )
|  | For the Year to Date Ended September 30, |
|  | Revenue |  |  | Operating (Loss) Income |
|  | 2014 |  |  | % of Total |  |  | 2013 |  |  | % of Total |  |  | 2014 |  |  | 2013 |
CTU |  | $ | 254,371 |  |  |  | 36.5 | % |  | $ | 258,504 |  |  |  | 33.2 | % |  | $ | 46,136 |  |  | $ | 42,932 |
AIU |  |  | 154,147 |  |  |  | 22.1 | % |  |  | 182,518 |  |  |  | 23.5 | % |  |  | (9,108 | ) |  |  | (1,763 | )
Total University Schools |  |  | 408,518 |  |  |  | 58.6 | % |  |  | 441,022 |  |  |  | 56.7 | % |  |  | 37,028 |  |  |  | 41,169 |
Career Colleges (1) |  |  | 131,220 |  |  |  | 18.8 | % |  |  | 147,065 |  |  |  | 18.9 | % |  |  | (60,103 | ) |  |  | (56,617 | )
Culinary Arts (2) |  |  | 129,312 |  |  |  | 18.5 | % |  |  | 134,771 |  |  |  | 17.3 | % |  |  | (50,420 | ) |  |  | (52,809 | )
Total Career Schools |  |  | 260,532 |  |  |  | 37.4 | % |  |  | 281,836 |  |  |  | 36.2 | % |  |  | (110,523 | ) |  |  | (109,426 | )
Corporate and Other (3) |  |  | 190 |  |  |  | 0.0 | % |  |  | — |  |  |  | 0.0 | % |  |  | (14,121 | ) |  |  | (24,979 | )
Subtotal |  |  | 669,240 |  |  |  | 96.0 | % |  |  | 722,858 |  |  |  | 92.9 | % |  |  | (87,616 | ) |  |  | (93,236 | )
Transitional Schools |  |  | 28,151 |  |  |  | 4.0 | % |  |  | 54,831 |  |  |  | 7.1 | % |  |  | (29,291 | ) |  |  | (28,231 | )
Total |  | $ | 697,391 |  |  |  | 100.0 | % |  | $ | 777,689 |  |  |  | 100.0 | % |  | $ | (116,907 | ) |  | $ | (121,467 | )
|  | Total Assets as of (4) |  |  |  |  |  |  |  |  |  |
|  | September 30, 2014 |  |  |  |  |  | December 31, 2013 |  |  |  |  |  |  |  |  |  |
CTU |  | $ | 74,981 |  |  |  |  |  |  | $ | 75,275 |  |  |  |  |  |  |  |  |  |  |  |  |
AIU |  |  | 53,557 |  |  |  |  |  |  |  | 54,426 |  |  |  |  |  |  |  |  |  |  |  |  |
Total University Schools |  |  | 128,538 |  |  |  |  |  |  |  | 129,701 |  |  |  |  |  |  |  |  |  |  |  |  |
Career Colleges |  |  | 34,560 |  |  |  |  |  |  |  | 53,791 |  |  |  |  |  |  |  |  |  |  |  |  |
Culinary Arts |  |  | 89,106 |  |  |  |  |  |  |  | 108,349 |  |  |  |  |  |  |  |  |  |  |  |  |
Total Career Schools |  |  | 123,666 |  |  |  |  |  |  |  | 162,140 |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate and Other |  |  | 360,335 |  |  |  |  |  |  |  | 491,822 |  |  |  |  |  |  |  |  |  |  |  |  |
Subtotal |  |  | 612,539 |  |  |  |  |  |  |  | 783,663 |  |  |  |  |  |  |  |  |  |  |  |  |
Transitional Schools |  |  | 9,864 |  |  |  |  |  |  |  | 14,078 |  |  |  |  |  |  |  |  |  |  |  |  |
Discontinued Operations |  |  | 1,633 |  |  |  |  |  |  |  | 7,304 |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  | $ | 624,036 |  |  |  |  |  |  | $ | 805,045 |  |  |  |  |  |  |  |  |  |  |  |  |
(1) | The third quarter of 2014 operating loss includes $12.8 million of asset impairment charges. The year to date 2013 operating loss includes $8.6 million related to legal settlements and a $1.7 million trade name impairment charge.
(2) | The third quarter of 2014 operating loss includes $1.5 million of trade name impairment charges. The year to date 2014 and 2013 operating loss includes $8.9 million and $13.0 million of trade name impairment charges, respectively.
(3) | The third quarter of 2014 operating income includes an insurance recovery of $8.6 million.
(4) | Total assets do not include intercompany receivable or payable activity between campuses and corporate and investments in subsidiaries.

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