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Segment Reporting | 9 Months Ended
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Sep. 30, 2015
Segment Reporting [Abstract] |
Segment Reporting | 14. SEGMENT REPORTING Our segments are determined in accordance with FASB ASC Topic 280—Segment Reporting and are based upon how the Company analyzes performance and makes decisions. Each segment represents a group of postsecondary education providers that offer a variety of degree and non-degree academic programs. These segments are organized by key market segments to enhance brand focus and operational alignment within each segment to more effectively execute our strategic plan. As of September 30, 2015, our three segments are: University Group: Colorado Technical University (CTU) places a strong focus on providing industry-relevant degree programs to meet the needs of our students for employment and of employers for a well-educated workforce and collectively offers academic programs in the career-oriented disciplines of business studies, information systems and technologies, criminal justice, computer science and engineering, and health sciences. Students pursue their degrees through fully-online programs through CTU Online, local campuses and blended formats, which combine campus-based and online education. As of September 30, 2015, students enrolled at CTU represented approximately 56% of our total enrollments. Approximately 91% of CTU’s enrollments are fully online. American InterContinental University (AIU) focuses on helping busy professionals get the degree they need to move forward in their career as efficiently as possible and collectively offers academic programs in the career-oriented disciplines of business studies, information technologies, criminal justice and design technologies. Students pursue their degrees through fully-online programs through AIU Online, local campuses and blended formats, which combine campus-based and online education. As of September 30, 2015, students enrolled at AIU represented approximately 30% of our total enrollments. Approximately 92% of AIU’s enrollments are fully online. Transitional Group includes our campuses which are currently being taught out. These campuses employ a gradual teach-out process, enabling them to continue to operate while current students complete their course of study; they no longer enroll new students. In addition, the Transitional Group includes campuses which have completed their teach-out activities or have been sold subsequent to January 1, 2015. As a result of a change in accounting guidance, these campuses remain within continuing operations. The campuses within the Transitional Group that have not yet ceased operations as of September 30, 2015 will complete their teach-outs on varying dates through 2018. Summary financial information by reporting segment is as follows (dollars in thousands):
|  | For the Quarter Ended September 30, |
|  | Revenue |  |  | Operating (Loss) Income |
|  | 2015 |  |  | % of Total |  |  | 2014 |  |  | % of Total |  |  | 2015 |  |  | 2014 |
CTU |  | $ | 85,433 |  |  |  | 52.7 | % |  | $ | 82,410 |  |  |  | 45.1 | % |  | $ | 18,616 |  |  | $ | 10,698 |
AIU |  |  | 50,688 |  |  |  | 31.3 | % |  |  | 51,889 |  |  |  | 28.4 | % |  |  | 1,695 |  |  |  | (4,194 | )
Total University Group |  |  | 136,121 |  |  |  | 84.0 | % |  |  | 134,299 |  |  |  | 73.5 | % |  |  | 20,311 |  |  |  | 6,504 |
Corporate and Other |  |  | 39 |  |  |  | 0.0 | % |  |  | 52 |  |  |  | 0.0 | % |  |  | (8,040 | ) |  |  | 2,528 |
Transitional Group |  |  | 25,914 |  |  |  | 16.0 | % |  |  | 48,474 |  |  |  | 26.5 | % |  |  | (23,065 | ) |  |  | (40,764 | )
Total |  | $ | 162,074 |  |  |  | 100.0 | % |  | $ | 182,825 |  |  |  | 100.0 | % |  | $ | (10,794 | ) |  | $ | (31,732 | )
|  | For the Year to Date Ended September 30, |
|  | Revenue |  |  | Operating (Loss) Income |
|  | 2015 |  |  | % of Total |  |  | 2014 |  |  | % of Total |  |  | 2015 |  |  | 2014 |
CTU |  | $ | 256,734 |  |  |  | 49.5 | % |  | $ | 254,371 |  |  |  | 44.9 | % |  | $ | 57,495 |  |  | $ | 46,136 |
AIU |  |  | 155,778 |  |  |  | 30.0 | % |  |  | 154,147 |  |  |  | 27.2 | % |  |  | 3,982 |  |  |  | (9,108 | )
Total University Group |  |  | 412,512 |  |  |  | 79.5 | % |  |  | 408,518 |  |  |  | 72.0 | % |  |  | 61,477 |  |  |  | 37,028 |
Corporate and Other |  |  | 117 |  |  |  | 0.0 | % |  |  | 190 |  |  |  | 0.0 | % |  |  | (20,936 | ) |  |  | (14,121 | )
Transitional Group |  |  | 106,527 |  |  |  | 20.5 | % |  |  | 158,443 |  |  |  | 27.9 | % |  |  | (85,268 | ) |  |  | (87,839 | )
Total |  | $ | 519,156 |  |  |  | 100.0 | % |  | $ | 567,151 |  |  |  | 100.0 | % |  | $ | (44,727 | ) |  | $ | (64,932 | )
|  | Total Assets as of (1) |
|  | September 30, 2015 |  |  | December 31, 2014 |
CTU |  | $ | 76,839 |  |  | $ | 73,458 |
AIU |  |  | 53,943 |  |  |  | 51,755 |
Total University Group |  |  | 130,782 |  |  |  | 125,213 |
Corporate and Other |  |  | 270,158 |  |  |  | 332,672 |
Transitional Group |  |  | 17,578 |  |  |  | 37,355 |
Subtotal |  |  | 418,518 |  |  |  | 495,240 |
Assets held for sale |  |  | 29,239 |  |  |  | 76,846 |
Discontinued Operations |  |  | 1,127 |  |  |  | 1,448 |
Total |  | $ | 448,884 |  |  | $ | 573,534 |
(1) | Total assets do not include intercompany receivable or payable activity between schools and corporate and investments in subsidiaries.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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