Assets Held for Sale (Tables)

9 Months Ended

Sep. 30, 2015

Summary of Assets and Liabilities of Assets Held for Sale on Balance Sheets

Assets and liabilities of assets held for sale on our condensed consolidated balance sheets as of September 30, 2015 and December 31, 2014 include the following (dollars in thousands):

	September 30,			December 31,
	2015			2014
Assets:
Receivables, net	$	6,719		$	8,303
Property and equipment, net		40,646			42,521
Other intangible assets		18,400			18,400
Other assets		6,600			7,622
Valuation allowance ⁽¹⁾		(43,126	)		—
Total assets held for sale	$	29,239		$	76,846
Liabilities:
Accounts payable and accrued expenses	$	9,712		$	12,410
Deferred revenue		17,857			17,001
Remaining lease obligations		1,625			2,253
Other liabilities		15,993			18,693
Total liabilities held for sale	$	45,187		$	50,357

(1)	During the third quarter of 2015, the valuation allowance against our LCB assets held for sale was adjusted to $43.1 million to reflect the updated fair value for the LCB asset held for sale.

Discontinued Operations [Member]

Assets Held For Sale [Line Items]

Summary of Unaudited Results of Operations for Assets Held for Sale

Reported within loss from discontinued operations for our LCB campuses

	For the Quarter Ended September 30,						For the Year to Date Ended September 30,
	2015			2014			2015			2014
Revenue	$	41,410		$	44,499		$	128,170		$	129,312
Operating Expenses:
Educational services and facilities		20,687			21,750			59,745			61,055
General and administrative		20,473			29,546			68,804			96,894
Depreciation and amortization		—			4,282			1			12,860
Asset impairment		33,446			1,523			43,133			8,923
Total operating expenses		74,606			57,101			171,683			179,732
Operating loss	$	(33,196	)	$	(12,602	)	$	(43,513	)	$	(50,420	)