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Segment Reporting (Tables) | 9 Months Ended
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Sep. 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 September 30, |
|  | Revenue |  |  | Operating (Loss) Income |
|  | 2016 |  |  | % of Total |  |  | 2015 |  |  | % of Total |  |  | 2016 |  |  | 2015 |
CTU (1) |  | $ | 90,921 |  |  |  | 54.2 | % |  | $ | 85,433 |  |  |  | 42.0 | % |  | $ | 21,486 |  |  | $ | 18,616 |
AIU (2) |  |  | 48,542 |  |  |  | 29.0 | % |  |  | 50,688 |  |  |  | 24.9 | % |  |  | 291 |  |  |  | 1,695 |
Total University Group |  |  | 139,463 |  |  |  | 83.2 | % |  |  | 136,121 |  |  |  | 66.9 | % |  |  | 21,777 |  |  |  | 20,311 |
Corporate and Other |  |  | - |  |  | NM |  |  |  | 39 |  |  | NM |  |  |  | (5,587 | ) |  |  | (8,040 | )
Subtotal |  |  | 139,463 |  |  |  | 83.2 | % |  |  | 136,160 |  |  |  | 66.9 | % |  |  | 16,190 |  |  |  | 12,271 |
Culinary Arts (3) |  |  | 21,369 |  |  |  | 12.7 | % |  |  | 41,410 |  |  |  | 20.4 | % |  |  | (1,801 | ) |  |  | (33,195 | )
Transitional Group |  |  | 6,793 |  |  |  | 4.1 | % |  |  | 25,914 |  |  |  | 12.7 | % |  |  | (15,095 | ) |  |  | (23,065 | )
Total |  | $ | 167,625 |  |  |  | 100.0 | % |  | $ | 203,484 |  |  |  | 100.0 | % |  | $ | (706 | ) |  | $ | (43,989 | )
|  | For the Year to Date Ended September 30, |
|  | Revenue |  |  | Operating (Loss) Income |
|  | 2016 |  |  | % of Total |  |  | 2015 |  |  | % of Total |  |  | 2016 |  |  | 2015 |
CTU (1) |  | $ | 274,623 |  |  |  | 50.0 | % |  | $ | 256,734 |  |  |  | 39.7 | % |  | $ | 70,693 |  |  | $ | 57,495 |
AIU (2) |  |  | 152,123 |  |  |  | 27.7 | % |  |  | 155,778 |  |  |  | 24.1 | % |  |  | 9,036 |  |  |  | 3,982 |
Total University Group |  |  | 426,746 |  |  |  | 77.7 | % |  |  | 412,512 |  |  |  | 63.7 | % |  |  | 79,729 |  |  |  | 61,477 |
Corporate and Other |  |  | - |  |  | NM |  |  |  | 117 |  |  | NM |  |  |  | (17,160 | ) |  |  | (20,936 | )
Subtotal |  |  | 426,746 |  |  |  | 77.7 | % |  |  | 412,629 |  |  |  | 63.7 | % |  |  | 62,569 |  |  |  | 40,541 |
Culinary Arts (3) |  |  | 89,990 |  |  |  | 16.4 | % |  |  | 128,170 |  |  |  | 19.8 | % |  |  | 1,666 |  |  |  | (43,512 | )
Transitional Group |  |  | 32,401 |  |  |  | 5.9 | % |  |  | 106,527 |  |  |  | 16.5 | % |  |  | (40,672 | ) |  |  | (85,268 | )
Total |  | $ | 549,137 |  |  |  | 100.0 | % |  | $ | 647,326 |  |  |  | 100.0 | % |  | $ | 23,563 |  |  | $ | (88,239 | )
|  | Total Assets as of (4) |
|  | September 30, 2016 |  |  | December 31, 2015 |
CTU |  | $ | 73,695 |  |  | $ | 76,577 |
AIU |  |  | 53,521 |  |  |  | 53,087 |
Total University Group |  |  | 127,216 |  |  |  | 129,664 |
Corporate and Other |  |  | 332,902 |  |  |  | 372,405 |
Subtotal |  |  | 460,118 |  |  |  | 502,069 |
Culinary Arts |  |  | 61,425 |  |  |  | 71,197 |
Transitional Group |  |  | 21,120 |  |  |  | 28,584 |
Discontinued Operations |  |  | 8,810 |  |  |  | 9,065 |
Total |  | $ | 551,473 |  |  | $ | 610,915 |
(1) | Bad debt increased approximately 2.0% and 2.3% as a percentage of revenue for the quarter and year to date ended September 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 remained relatively flat as a percentage of revenue for the quarter and increased approximately 1.1% as a percentage of revenue for the year to date ended September 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) | The prior year quarter and year to date included $33.4 million and $43.1 million of asset impairment charges, respectively.
(4) | Total assets do not include intercompany receivable or payable activity between schools and corporate and investments in subsidiaries.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: 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=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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