Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations And Disposal Groups [Abstract]

Combined Summary Results of Operations for Discontinued Operations

Combined summary results of operations for our discontinued operations for the years ended December 31, 2016, 2015, and 2014 were as follows (dollars in thousands):

	For the Year Ended December 31,
	2016			2015			2014
Revenue	$	-		$	(20	)	$	4,708
Operating expenses:
Educational services and facilities	$	5,558		$	1,211		$	25,152
General and administrative		1,028			910			13,282
Depreciation and amortization		-			-			2,073
Asset impairment		-			-			68
Total operating expenses	$	6,586		$	2,121		$	40,575

Pretax loss	$	(6,586	)	$	(2,128	)	$	(35,601	)
Income tax benefit		(2,690	)		(997	)		-
Loss from discontinued operations, net of tax	$	(3,896	)	$	(1,131	)	$	(35,601	)
Net loss per diluted share	$	(0.05	)	$	(0.02	)	$	(0.53	)

Assets and Liabilities of Discontinued Operations on Consolidated Balance Sheets

Assets and liabilities of discontinued operations on our consolidated balance sheets as of December 31, 2016 and 2015 include the following (dollars in thousands):

	As of December 31,
	2016		2015
Assets:
Current assets:
Receivables, net	$	148	$	254
Total current assets		148		254
Non-current assets:
Other assets, net		483		720
Deferred income tax assets, net		5,622		8,091
Total assets of discontinued operations	$	6,253	$	9,065
Liabilities:
Current liabilities:
Accounts payable and accrued expenses	$	76	$	528
Remaining lease obligations		8,143		12,539
Total current liabilities		8,219		13,067
Non-current liabilities:
Remaining lease obligations		6,331		9,212
Other		91		164
Total liabilities of discontinued operations	$	14,641	$	22,443

Changes in Future Remaining Lease Obligations Discontinued Operations

Changes in our future remaining lease obligations, which are reflected within current and non-current liabilities of discontinued operations on our consolidated balance sheets, for the years ended December 31, 2016, 2015 and 2014 were as follows (dollars in thousands):

	Balance, Beginning of Period		Charges Incurred ⁽¹⁾			Net Cash Payments ⁽²⁾			Other ⁽³⁾		Balance, End of Period
For the year ended December 31, 2016	$	21,751	$	4,090		$	(11,367	)	$	-	$	14,474
For the year ended December 31, 2015	$	37,616	$	(342	)	$	(15,523	)	$	-	$	21,751
For the year ended December 31, 2014	$	44,084	$	13,676		$	(24,854	)	$	4,710	$	37,616

(1)	Includes subsequent adjustments for accretion, revised estimates, and variances between estimated and actual charges, net of any reversals for terminated lease obligations.

(2)	See Note 7 “Leases” for the future minimum lease payments under operating leases for discontinued operations as of December 31, 2016.

(3) Includes existing prepaid rent and deferred rent liability balances for newly vacated spaces that are netted with the losses incurred in the period recorded.