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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Summary Financial Information by Reporting Segment | Summary financial information by reporting segment is as follows (dollars in thousands):
|  | For the Quarter Ended June 30, |
|  | Revenue |  |  | Operating (Loss) Income |
|  | 2016 |  |  | % of Total |  |  | 2015 |  |  | % of Total |  |  | 2016 |  |  | 2015 |
CTU (1) |  | $ | 91,736 |  |  |  | 50.2 | % |  | $ | 86,174 |  |  |  | 39.7 | % |  | $ | 29,970 |  |  | $ | 24,263 |
AIU (2) |  |  | 50,608 |  |  |  | 27.7 | % |  |  | 52,024 |  |  |  | 24.0 | % |  |  | 6,838 |  |  |  | 5,174 |
Total University Group |  |  | 142,344 |  |  |  | 77.9 | % |  |  | 138,198 |  |  |  | 63.7 | % |  |  | 36,808 |  |  |  | 29,437 |
Corporate and Other |  |  | - |  |  |  | 0.0 | % |  |  | 39 |  |  |  | 0.0 | % |  |  | (5,761 | ) |  |  | (7,036 | )
Subtotal |  |  | 142,344 |  |  |  | 77.9 | % |  |  | 138,237 |  |  |  | 63.8 | % |  |  | 31,047 |  |  |  | 22,401 |
Culinary Arts |  |  | 29,998 |  |  |  | 16.4 | % |  |  | 42,048 |  |  |  | 19.4 | % |  |  | 361 |  |  |  | (10,560 | )
Transitional Group |  |  | 10,284 |  |  |  | 5.6 | % |  |  | 36,543 |  |  |  | 16.9 | % |  |  | (14,118 | ) |  |  | (31,733 | )
Total |  | $ | 182,626 |  |  |  | 100.0 | % |  | $ | 216,828 |  |  |  | 100.0 | % |  | $ | 17,290 |  |  | $ | (19,892 | )
|  | For the Year to Date Ended June 30, |
|  | Revenue |  |  | Operating (Loss) Income |
|  | 2016 |  |  | % of Total |  |  | 2015 |  |  | % of Total |  |  | 2016 |  |  | 2015 |
CTU (1) |  | $ | 183,702 |  |  |  | 48.2 | % |  | $ | 171,301 |  |  |  | 38.6 | % |  | $ | 49,207 |  |  | $ | 38,879 |
AIU (2) |  |  | 103,581 |  |  |  | 27.2 | % |  |  | 105,090 |  |  |  | 23.7 | % |  |  | 8,745 |  |  |  | 2,287 |
Total University Group |  |  | 287,283 |  |  |  | 75.3 | % |  |  | 276,391 |  |  |  | 62.3 | % |  |  | 57,952 |  |  |  | 41,166 |
Corporate and Other |  |  | - |  |  | NM |  |  |  | 78 |  |  |  | 0.0 | % |  |  | (11,573 | ) |  |  | (12,896 | )
Subtotal |  |  | 287,283 |  |  |  | 75.3 | % |  |  | 276,469 |  |  |  | 62.3 | % |  |  | 46,379 |  |  |  | 28,270 |
Culinary Arts |  |  | 68,621 |  |  |  | 18.0 | % |  |  | 86,760 |  |  |  | 19.5 | % |  |  | 3,467 |  |  |  | (10,317 | )
Transitional Group |  |  | 25,608 |  |  |  | 6.7 | % |  |  | 80,613 |  |  |  | 18.2 | % |  |  | (25,577 | ) |  |  | (62,203 | )
Total |  | $ | 381,512 |  |  |  | 100.0 | % |  | $ | 443,842 |  |  |  | 100.0 | % |  | $ | 24,269 |  |  | $ | (44,250 | )
|  | Total Assets as of (3) |
|  | June 30, 2016 |  |  | December 31, 2015 |
CTU |  | $ | 75,469 |  |  | $ | 76,577 |
AIU |  |  | 53,404 |  |  |  | 53,087 |
Total University Group |  |  | 128,873 |  |  |  | 129,664 |
Corporate and Other |  |  | 327,345 |  |  |  | 372,405 |
Subtotal |  |  | 456,218 |  |  |  | 502,069 |
Culinary Arts |  |  | 64,554 |  |  |  | 71,197 |
Transitional Group |  |  | 23,169 |  |  |  | 28,584 |
Discontinued Operations |  |  | 8,853 |  |  |  | 9,065 |
Total |  | $ | 552,794 |  |  | $ | 610,915 |
(1) | Bad debt increased approximately 0.3% and 2.4% as a percentage of revenue for the quarter and year to date ended June 30, 2016 as compared to the respective prior periods, primarily driven by students who are experiencing a greater time lag while completing the financial aid application process due to increased verification procedures implemented by ED.
(2) | Bad debt increased approximately 1.4% and 1.7% as a percentage of revenue for the quarter and year to date ended June 30, 2016 as compared to the respective prior periods, primarily driven by students who are experiencing a greater time lag while completing the financial aid application process due to increased verification procedures implemented by ED.
(3) | Total assets do not include intercompany receivable or payable activity between schools and corporate and investments in subsidiaries.

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