XML 23 R33.htm IDEA: XBRL DOCUMENT v3.2.0.727
Discontinued Operations - Summary Results of Operations for Discontinued Operations (Detail) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]        
Revenue [1] $ 42,019,000 $ 44,195,000 $ 86,763,000 $ 89,420,000
Operating expenses:        
Educational services and facilities [1] 19,531,000 29,519,000 39,404,000 62,166,000
General and administrative [1] 24,014,000 35,083,000 49,074,000 78,991,000
Depreciation and amortization [1] 74,000 5,025,000 1,000 10,511,000
Asset impairment [1],[2] 9,687,000 7,451,000 9,687,000 7,444,000
Total operating expenses [1] 53,306,000 77,078,000 98,166,000 159,112,000
Loss before income tax [1] (11,252,000) (33,046,000) (11,354,000) (69,527,000)
Income tax expense [1],[3] 0 0 0 0
Loss from discontinued operations, net of tax [1] $ (11,252,000) $ (33,046,000) $ (11,354,000) $ (69,527,000)
Net loss per diluted share [1] $ (0.17) $ (0.49) $ (0.16) $ (1.04)
Capital expenditures [1] $ 80,000 $ 419,000 $ 319,000 $ 604,000
[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.