Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2014

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.

- 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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