XML 22 R9.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Discontinued Operations | 9 Months Ended
--- | ---
Sep. 30, 2016
Discontinued Operations And Disposal Groups [Abstract] |
Discontinued Operations | 4. DISCONTINUED OPERATIONS As of September 30, 2016, the results of operations for campuses that have ceased operations prior to 2015 are presented within discontinued operations. Prior to January 1, 2015, our Transitional Group campuses met the criteria for discontinued operations upon completion of their teach-out. Commencing January 1, 2015, in accordance with new guidance under ASC Topic 360, only campuses that meet the criteria of a strategic shift upon disposal will be classified within discontinued operations, among other criteria. Since the January 2015 effective date of the updated guidance within ASC Topic 360, we have not had any campuses that met the criteria to be considered a discontinued operation. Results of Discontinued Operations The summary of unaudited results of operations for our discontinued operations for the quarters and years to date ended September 30, 2016 and 2015 were as follows (dollars in thousands):
|  | For the Quarter Ended September 30, |  |  | For the Year to Date Ended September 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Revenue |  | $ | - |  |  | $ | 3 |  |  | $ | - |  |  | $ | 6 |
Total operating expenses |  | $ | 295 |  |  | $ | 547 |  |  | $ | 1,676 |  |  | $ | 1,636 |
Loss before income tax |  | $ | (295 | ) |  | $ | (544 | ) |  | $ | (1,676 | ) |  | $ | (1,616 | )
Benefit from income tax |  |  | (109 | ) |  |  | - |  |  |  | (626 | ) |  |  | - |
Loss from discontinued operations, net of tax |  | $ | (186 | ) |  | $ | (544 | ) |  | $ | (1,050 | ) |  | $ | (1,616 | )
Net loss per share - Basic and Diluted |  | $ | - |  |  | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | (0.02 | )
Assets and Liabilities of Discontinued Operations Assets and liabilities of discontinued operations on our condensed consolidated balance sheets as of September 30, 2016 and December 31, 2015 include the following (dollars in thousands):
|  | September 30, |  |  | December 31, |
|  | 2016 |  |  | 2015 |
Assets: |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Receivables, net |  | $ | 176 |  |  | $ | 254 |
Total current assets |  |  | 176 |  |  |  | 254 |
Non-current assets: |  |  |  |  |  |  |  |
Other assets, net |  |  | 543 |  |  |  | 720 |
Deferred income tax assets, net |  |  | 8,091 |  |  |  | 8,091 |
Total assets of discontinued operations |  | $ | 8,810 |  |  | $ | 9,065 |
Liabilities: |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 81 |  |  | $ | 528 |
Remaining lease obligations |  |  | 6,923 |  |  |  | 12,539 |
Total current liabilities |  |  | 7,004 |  |  |  | 13,067 |
Non-current liabilities: |  |  |  |  |  |  |  |
Remaining lease obligations |  |  | 5,698 |  |  |  | 9,212 |
Other |  |  | 164 |  |  |  | 164 |
Total liabilities of discontinued operations |  | $ | 12,866 |  |  | $ | 22,443 |
Remaining Lease Obligations of Discontinued Operations A number of the campuses that ceased operations prior to January 1, 2015 have remaining lease obligations that expire over time with the latest expiration in 2020. A liability is recorded representing the fair value of the remaining lease obligation at the time the space is no longer being utilized. Changes in our future remaining lease obligations, which are reflected within current and non-current liabilities of discontinued operations on our condensed consolidated balance sheets, for the quarters and years to date ended September 30, 2016 and 2015 were as follows (dollars in thousands):
|  | Balance, Beginning of Period |  |  | Charges Incurred (1) |  |  | Net Cash Payments |  |  | Other |  |  | Balance, End of Period |
For the quarter ended September 30, 2016 |  | $ | 16,149 |  |  | $ | (479 | ) |  | $ | (3,049 | ) |  | $ | - |  |  | $ | 12,621 |
For the quarter ended September 30, 2015 |  | $ | 27,993 |  |  | $ | (151 | ) |  | $ | (3,275 | ) |  | $ | 50 |  |  | $ | 24,617 |
For the year to date ended September 30, 2016 |  | $ | 21,751 |  |  | $ | (78 | ) |  | $ | (9,052 | ) |  | $ | - |  |  | $ | 12,621 |
For the year to date ended September 30, 2015 |  | $ | 37,616 |  |  | $ | (564 | ) |  | $ | (12,485 | ) |  | $ | 50 |  |  | $ | 24,617 |
(1) | Includes charges for vacated spaces and subsequent adjustments for accretion, revised estimates and variances between estimated and actual charges, net of any reversals for terminated lease obligations.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration