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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Summary Financial Information by Reporting Segment

Summary financial information by reporting segment is as follows (dollars in thousands):

 

 

 

Revenue

 

 

Operating

(Loss) Income

 

 

Depreciation

and

Amortization

 

 

Capital Expenditures

 

 

Total Assets

 

For the Year Ended December 31, 2016 (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CTU

 

$

369,319

 

 

$

99,412

 

 

$

2,157

 

 

$

675

 

 

$

76,143

 

AIU (2)

 

 

193,032

 

 

 

(29,598

)

 

 

1,687

 

 

 

406

 

 

 

66,081

 

Total University Group

 

 

562,351

 

 

 

69,814

 

 

 

3,844

 

 

 

1,081

 

 

 

142,224

 

Corporate and Other

 

 

-

 

 

 

(25,097

)

 

 

7,320

 

 

 

2,512

 

 

 

334,945

 

Subtotal

 

 

562,351

 

 

 

44,717

 

 

 

11,164

 

 

 

3,593

 

 

 

477,169

 

Culinary Arts (3)

 

 

104,452

 

 

 

(20,608

)

 

 

6,234

 

 

 

-

 

 

 

57,443

 

Transitional Group (4)

 

 

37,589

 

 

 

(56,453

)

 

 

5,349

 

 

 

536

 

 

 

18,736

 

Discontinued Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

6,253

 

Total

 

$

704,392

 

 

$

(32,344

)

 

$

22,747

 

 

$

4,129

 

 

$

559,601

 

For the Year Ended December 31, 2015 (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CTU

 

$

348,215

 

 

$

87,496

 

 

$

2,281

 

 

$

1,084

 

 

$

76,577

 

AIU

 

 

201,649

 

 

 

5,520

 

 

 

1,636

 

 

 

2,406

 

 

 

53,087

 

Total University Group

 

 

549,864

 

 

 

93,016

 

 

 

3,917

 

 

 

3,490

 

 

 

129,664

 

Corporate and Other

 

 

157

 

 

 

(27,267

)

 

 

11,173

 

 

 

4,873

 

 

 

372,405

 

Subtotal

 

 

550,021

 

 

 

65,749

 

 

 

15,090

 

 

 

8,363

 

 

 

502,069

 

Culinary Arts (5)

 

 

170,190

 

 

 

(57,577

)

 

 

1

 

 

 

2,352

 

 

 

71,197

 

Transitional Group (6)

 

 

127,062

 

 

 

(100,340

)

 

 

9,847

 

 

 

980

 

 

 

28,584

 

Discontinued Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

9,065

 

Total

 

$

847,273

 

 

$

(92,168

)

 

$

24,938

 

 

$

11,695

 

 

$

610,915

 

For the Year Ended December 31, 2014 (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CTU

 

$

336,573

 

 

$

69,492

 

 

$

2,627

 

 

$

628

 

 

 

 

 

AIU

 

 

198,896

 

 

 

(9,412

)

 

 

2,329

 

 

 

916

 

 

 

 

 

Total University Group

 

 

535,469

 

 

 

60,080

 

 

 

4,956

 

 

 

1,544

 

 

 

 

 

Corporate and Other  (7)

 

 

230

 

 

 

(21,169

)

 

 

17,455

 

 

 

4,545

 

 

 

 

 

Subtotal

 

 

535,699

 

 

 

38,911

 

 

 

22,411

 

 

 

6,089

 

 

 

 

 

Culinary Arts (8)

 

 

172,606

 

 

 

(66,556

)

 

 

17,363

 

 

 

2,292

 

 

 

 

 

Transitional Group (9)

 

 

205,659

 

 

 

(111,627

)

 

 

13,608

 

 

 

4,775

 

 

 

 

 

Discontinued Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

 

 

Total

 

$

913,964

 

 

$

(139,272

)

 

$

53,382

 

 

$

13,156

 

 

 

 

 

 

(1)

The statement of (loss) income and comprehensive (loss) income balances including revenue, operating (loss) income and depreciation and amortization are presented above on a continuing operations basis. Total assets and capital expenditures are presented on a consolidated basis including continuing and discontinued operations.

For the year ended December 31, 2016, segment results included:

 

(2)

AIU: $32.0 million charge related to legal settlements.

(3)

Culinary Arts: $16.7 million charge related to remaining lease obligations of vacated space.

(4)

Transitional Group: $14.3 million charge related to remaining lease obligations of vacated space.

For the year ended December 31, 2015, segment results included:

(5)

Culinary Arts: $35.1 million related to long-lived asset impairment and a $17.0 million trade name impairment charge.

(6)

Transitional Group: $6.1 million related to long-lived asset impairment and a $1.8 million trade name impairment charge.

For the year ended December 31, 2014, segment results included:

(7)

Corporate and Other: $8.6 million of income related to an insurance recovery.

(8)

Culinary Arts: $10.3 million related to long-lived asset impairment and an $8.9 million trade name impairment charge.

(9)

Transitional Group: $14.5 million related to long-lived asset impairment and a $2.2 million trade name impairment charge.