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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract] |
Summary Results of Operations for Discontinued Operations | Combined summary results of operations for our discontinued operations for the years ended December 31, 2014, 2013 and 2012, were as follows (dollars in thousands):
|  | For the Year Ended December 31, |
|  | 2014 |  |  | 2013 (1) |  |  | 2012 (2) |
Revenue |  | $ | 177,314 |  |  | $ | 355,340 |  |  | $ | 470,661 |
Pretax loss |  | $ | (101,923 | ) |  | $ | (7,749 | ) |  | $ | (125,123 | )
Income tax provision (benefit) |  |  | — |  |  |  | 38,789 |  |  |  | (47,168 | )
Loss from discontinued operations, net of tax |  | $ | (101,923 | ) |  | $ | (46,538 | ) |  | $ | (77,955 | )
Net loss per diluted share |  | $ | (1.52 | ) |  | $ | (0.70 | ) |  | $ | (1.17 | )
(1) | The income tax expense associated with the gain on sale of our International Segment approximates $87.9 million.
(2) | 2012 pretax loss includes income for non-profit entities within our International segment, which are not subject to income tax.
Summary Results of Operations Held for Sale within Discontinued Operations | The summary results of operations held for sale presented within results from discontinued operations above were (dollars in thousands):
|  | For the Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Asset Held For Sale: |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 172,606 |  |  | $ | 177,549 |  |  | $ | 224,842 |
Loss from discontinued operations |  | $ | (66,322 | ) |  | $ | (81,242 | ) |  | $ | (33,865 | )
Assets and Liabilities of Discontinued Operations on Consolidated Balance Sheets | Assets and liabilities of discontinued operations on our consolidated balance sheets as of December 31, 2014 and 2013 include the following (dollars in thousands):
|  | As of December 31, |
|  | 2014 |  |  | 2013 |
Assets: |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 475 |
Receivables, net |  |  | 473 |  |  |  | 1,521 |
Other current assets |  |  | — |  |  |  | 1,344 |
Assets held for sale |  |  | 76,846 |  |  |  | 10,879 |
Total current assets |  |  | 77,319 |  |  |  | 14,219 |
Non-current assets: |
Property and equipment, net |  |  | — |  |  |  | 2,731 |
Other assets, net |  |  | 975 |  |  |  | 1,507 |
Assets held for sale |  |  | — |  |  |  | 97,470 |
Total assets of discontinued operations |  | $ | 78,294 |  |  | $ | 115,927 |
Liabilities: |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 579 |  |  | $ | 1,370 |
Deferred tuition revenue |  |  | — |  |  |  | 1,522 |
Remaining lease obligations |  |  | 14,927 |  |  |  | 13,132 |
Liabilities held for sale |  |  | 50,357 |  |  |  | 19,671 |
Total current liabilities |  |  | 65,863 |  |  |  | 35,695 |
Non-current liabilities: |  |  |  |  |  |  |  |
Remaining lease obligations |  |  | 22,689 |  |  |  | 30,952 |
Other |  |  | 170 |  |  |  | 6,512 |
Liabilities held for sale |  |  | — |  |  |  | 25,732 |
Total liabilities of discontinued operations |  | $ | 88,722 |  |  | $ | 98,891 |
Components of Assets and Liabilities Held for Sale | The major components of assets and liabilities held for sale presented above within discontinued operations were (dollars in thousands):
|  | As of December 31, |
|  | 2014 |  |  | 2013 |
Assets: |  |  |  |  |  |  |  |
Receivables, net (1) |  | $ | 8,303 |  |  | $ | 7,487 |
Property and equipment, net (1) |  |  | 42,521 |  |  |  | 67,570 |
Other intangible assets (1) |  |  | 18,400 |  |  |  | 27,300 |
Other assets (1) |  |  | 7,622 |  |  |  | 5,992 |
Total assets held for sale |  | $ | 76,846 |  |  | $ | 108,349 |
Liabilities: |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  |  | 12,410 |  |  |  | 4,831 |
Deferred revenue |  |  | 17,001 |  |  |  | 14,840 |
Remaining lease obligations (2) |  |  | 2,253 |  |  |  | 2,671 |
Other liabilities (2) |  |  | 18,693 |  |  |  | 23,061 |
Total liabilities held for sale |  | $ | 50,357 |  |  | $ | 45,403 |
(1) | Property and equipment, net, other intangible assets and a portion of receivables, net and other assets are classified within non-current assets held for sale as of December 31, 2013.
(2) | Other liabilities and a portion of remaining lease obligations are classified within non-current liabilities held for sale as of December 31, 2013.
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 consolidated balance sheets, for the years ended December 31, 2014, 2013 and 2012, were as follows (dollars in thousands):
|  | Balance, Beginning of Period |  |  | Charges Incurred (1) |  |  | Net Cash Payments (2) |  |  | Other (3) |  |  | Balance, End of Period |
For the twelve months ended December 31, 2014 |  | $ | 46,755 |  |  | $ | 14,129 |  |  | $ | (26,546 | ) |  | $ | 5,531 |  |  | $ | 39,869 |
For the twelve months ended December 31, 2013 |  | $ | 49,392 |  |  | $ | 11,855 |  |  | $ | (14,780 | ) |  | $ | 288 |  |  | $ | 46,755 |
For the twelve months ended December 31, 2012 |  | $ | 53,877 |  |  | $ | 8,689 |  |  | $ | (13,174 | ) |  | $ | — |  |  | $ | 49,392 |
(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) | See Note 8 “Leases” for the future minimum lease payments under operating leases for discontinued operations as of December 31, 2014.
(3) | Includes existing prepaid rent and deferred rent liability balances for newly vacated spaces that are netted with the losses incurred in the period recorded.

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