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Unaudited Condensed Consolidated Statements of Loss and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUE:        
Tuition and registration fees $ 161,358 $ 181,761 $ 516,722 $ 563,806
Other 716 1,064 2,434 3,345
Total revenue 162,074 182,825 519,156 567,151
OPERATING EXPENSES:        
Educational services and facilities 54,201 60,790 163,101 181,429
General and administrative 112,705 132,090 373,218 409,587
Depreciation and amortization 5,962 8,739 19,860 28,052
Asset impairment   12,938 7,704 13,015
Total operating expenses 172,868 214,557 563,883 632,083
Operating loss (10,794) (31,732) (44,727) (64,932)
OTHER (EXPENSE) INCOME:        
Interest income 163 223 545 614
Interest expense (170) (103) (502) (292)
Loss on sale of business (715)   (1,632)  
Miscellaneous income (expense) 31 (39) (377) (147)
Total other (expense) income (691) 81 (1,966) 175
PRETAX LOSS (11,485) (31,651) (46,693) (64,757)
Provision for (benefit from) income taxes 35 1,116 (923) 3,190
LOSS FROM CONTINUING OPERATIONS (11,520) (32,767) (45,770) (67,947)
LOSS FROM DISCONTINUED OPERATIONS, net of tax [1] (33,715) (15,201) (45,069) (84,728)
NET LOSS (45,235) (47,968) (90,839) (152,675)
OTHER COMPREHENSIVE LOSS, net of tax:        
Unrealized gains (losses) on investments 81 (108) 233 (243)
COMPREHENSIVE LOSS $ (45,154) $ (48,076) $ (90,606) $ (152,918)
NET LOSS PER SHARE - BASIC and DILUTED:        
Loss from continuing operations $ (0.17) $ (0.49) $ (0.68) $ (1.01)
Loss from discontinued operations (0.50) (0.22) (0.66) (1.26)
Net loss per share $ (0.67) $ (0.71) $ (1.34) $ (2.27)
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic and Diluted 67,961 67,209 67,798 67,121
[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.