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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2015
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, 2015 and 2014 were as follows (dollars in thousands):
|  | For the Quarter Ended June 30, (1) |  |  | For the Year to Date Ended June 30, (1) |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Revenue |  | $ | 42,019 |  |  | $ | 44,195 |  |  | $ | 86,763 |  |  | $ | 89,420 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Educational services and facilities |  |  | 19,531 |  |  |  | 29,519 |  |  |  | 39,404 |  |  |  | 62,166 |
General and administrative |  |  | 24,014 |  |  |  | 35,083 |  |  |  | 49,074 |  |  |  | 78,991 |
Depreciation and amortization |  |  | 74 |  |  |  | 5,025 |  |  |  | 1 |  |  |  | 10,511 |
Asset impairment (2) |  |  | 9,687 |  |  |  | 7,451 |  |  |  | 9,687 |  |  |  | 7,444 |
Total operating expenses |  |  | 53,306 |  |  |  | 77,078 |  |  |  | 98,166 |  |  |  | 159,112 |
Loss before income tax |  | $ | (11,252 | ) |  | $ | (33,046 | ) |  | $ | (11,354 | ) |  | $ | (69,527 | )
Income tax expense (3) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loss from discontinued operations, net of tax |  | $ | (11,252 | ) |  | $ | (33,046 | ) |  | $ | (11,354 | ) |  | $ | (69,527 | )
Net loss per diluted share |  | $ | (0.17 | ) |  | $ | (0.49 | ) |  | $ | (0.16 | ) |  | $ | (1.04 | )
Capital expenditures |  | $ | 80 |  |  | $ | 419 |  |  | $ | 319 |  |  | $ | 604 |
(1) | Includes the results of operations for our LCB campuses that are held for sale, which met the criteria to be considered discontinued operations under ASC Topic 360, in addition to our Transitional Group campuses that completed their teach-out prior to 2015.
(2) | Asset impairment charges for the current year quarter relate to impairment recorded for our LCB campuses which are held for sale as a result of our fair value analysis.
(3) | Due to the valuation allowance against our net deferred taxes, there is no income tax benefit reported for the quarters and years to date ended June 30, 2015 and 2014.
Assets and Liabilities of Discontinued Operations on Consolidated Balance Sheets | Assets and liabilities of discontinued operations on our condensed consolidated balance sheets for campuses that have ceased operations or were sold as of June 30, 2015 and December 31, 2014 include the following (dollars in thousands):
|  | June 30, 2015 |  |  | December 31, 2014 |
Assets: |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Receivables, net |  | $ | 280 |  |  | $ | 473 |
Total current assets |  |  | 280 |  |  |  | 473 |
Non-current assets: |  |  |  |  |  |  |  |
Other assets, net |  |  | 853 |  |  |  | 975 |
Total assets of discontinued operations (1) |  | $ | 1,133 |  |  | $ | 1,448 |
Liabilities: |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 170 |  |  | $ | 579 |
Remaining lease obligations |  |  | 13,173 |  |  |  | 14,927 |
Total current liabilities |  |  | 13,343 |  |  |  | 15,506 |
Non-current liabilities: |  |  |  |  |  |  |  |
Remaining lease obligations |  |  | 14,820 |  |  |  | 22,689 |
Other |  |  | 164 |  |  |  | 170 |
Total liabilities of discontinued operations (1) |  | $ | 28,327 |  |  | $ | 38,365 |
(1) | Excludes assets and liabilities for our LCB campuses which are presented within assets and liabilities held for sale on our condensed consolidated balance sheets as of June 30, 2015 and December 31, 2014. See Note 6 “Assets Held for Sale” for further details.
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 and within liabilities held for sale on our unaudited condensed consolidated balance sheets, for the quarters and years to date ended June 30, 2015 and 2014 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, 2015 |  | $ | 33,441 |  |  | $ | (215 | ) |  | $ | (4,214 | ) |  | $ | 576 |  |  | $ | 29,588 |
For the quarter ended June 30, 2014 |  | $ | 50,745 |  |  | $ | 6,100 |  |  | $ | (6,026 | ) |  | $ | 1,778 |  |  | $ | 52,597 |
For the year to date ended June 30, 2015 |  | $ | 39,869 |  |  | $ | (701 | ) |  | $ | (10,156 | ) |  | $ | 576 |  |  | $ | 29,588 |
For the year to date ended June 30, 2014 |  | $ | 46,755 |  |  | $ | 13,419 |  |  | $ | (12,790 | ) |  | $ | 5,213 |  |  | $ | 52,597 |
(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.

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- Definition Tabular disclosure of disposal groups, which may include the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. + References No definition available. + Details
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- Definition Tabular disclosure of disposal groups, which may include the reconciliation of changes in the liability for remaining lease obligations, including new charges, payments and other reconciling items. + References No definition available. + Details
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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss) and amounts of revenues and pretax profit or loss reported in discontinued operations. + References No definition available. + Details
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