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Unaudited Condensed Consolidated Statements of Loss and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUE:        
Tuition and registration fees $ 173,963 $ 185,136 $ 355,364 $ 382,045
Other 817 1,036 1,718 2,281
Total revenue 174,780 186,172 357,082 384,326
OPERATING EXPENSES:        
Educational services and facilities 53,949 59,001 108,900 120,639
General and administrative 121,365 129,051 260,513 277,497
Depreciation and amortization 7,113 9,368 13,898 19,313
Asset impairment 1,685 3 7,704 77
Total operating expenses 184,112 197,423 391,015 417,526
Operating loss (9,332) (11,251) (33,933) (33,200)
OTHER (EXPENSE) INCOME:        
Interest income 222 285 382 391
Interest expense (170) (108) (332) (189)
Loss on sale of business (917)   (917)  
Miscellaneous expense (21) (590) (408) (108)
Total other (expense) income (886) (413) (1,275) 94
PRETAX LOSS (10,218) (11,664) (35,208) (33,106)
(Benefit from) provision for income taxes (747) 1,854 (958) 2,074
LOSS FROM CONTINUING OPERATIONS (9,471) (13,518) (34,250) (35,180)
LOSS FROM DISCONTINUED OPERATIONS, net of tax [1] (11,252) (33,046) (11,354) (69,527)
NET LOSS (20,723) (46,564) (45,604) (104,707)
OTHER COMPREHENSIVE LOSS, net of tax:        
Unrealized (losses) gains on investments (43) (107) 152 (135)
COMPREHENSIVE LOSS $ (20,766) $ (46,671) $ (45,452) $ (104,842)
NET LOSS PER SHARE - BASIC and DILUTED:        
Loss from continuing operations $ (0.14) $ (0.20) $ (0.51) $ (0.52)
Loss from discontinued operations (0.17) (0.49) (0.16) (1.04)
Net loss per share $ (0.31) $ (0.69) $ (0.67) $ (1.56)
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic and Diluted 67,893 67,157 67,714 67,076
[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.