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Segment Reporting | 9 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
Segment Reporting | 11. SEGMENT REPORTING Our segments are determined in accordance with FASB ASC Topic 280—Segment Reporting and are based upon how the Company analyzes performance and makes decisions. Each segment represents a group of postsecondary education providers that offer a variety of degree and non-degree academic programs. These segments are organized by key market segments to enhance operational alignment and, for our two universities, to enhance brand focus within each segment to more effectively execute our strategic plan. As of September 30, 2017, our four segments are: University Group:
| ♦ | Colorado Technical University (CTU) places a strong focus on providing industry-relevant degree programs to meet the needs of our students for career advancement and of employers for a well-educated workforce and offers academic programs in the career-oriented disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity and healthcare management. Students pursue their degrees through fully-online programs, local campuses and blended formats, which combine campus-based and online education. As of September 30, 2017, students enrolled at CTU represented approximately 65% of our total enrollments. Approximately 93% of CTU’s enrollments are fully online.
| ♦ | American InterContinental University (AIU) focuses on helping busy professionals get the degree they need to move forward in their career as efficiently as possible and collectively offers academic programs in the career-oriented disciplines of business studies, information technologies, education and criminal justice. Students pursue their degrees through fully-online programs, local campuses and blended formats, which combine campus-based and online education. As of September 30, 2017, students enrolled at AIU represented approximately 34% of our total enrollments. Approximately 93% of AIU’s enrollments are fully online.
Career Schools Group: Campuses included in our Career School segments include those which are currently being taught out or those which have completed their teach-out activities or have been sold subsequent to January 1, 2015. As a result of a change in accounting guidance, campuses which have closed or have been sold subsequent to January 1, 2015 no longer meet the criteria for discontinued operations and remain reported within continuing operations on our consolidated financial statements. Campuses in teach-out employ a gradual teach-out process, enabling them to continue to operate while current students have a reasonable opportunity to complete their course of study; they no longer enroll new students.
| ♦ | Culinary Arts includes our Le Cordon Bleu institutions in North America (“LCB”) which offer hands-on educational programs in the career-oriented disciplines of culinary arts and patisserie and baking in the commercial-grade kitchens of Le Cordon Bleu. During the third quarter of 2017, the Company completed the teach-out activities of all remaining 16 Le Cordon Bleu campuses.
| ♦ | Transitional Group includes our non-LCB campuses which are in teach-out or those which have been closed or sold subsequent to January 1, 2015. Our Transitional Group offers academic programs in career-oriented disciplines complemented by certain programs in business studies and information technology. The campuses within the Transitional Group that have not yet ceased operations as of September 30, 2017 will complete their teach-outs on varying dates through 2018. As of September 30, 2017, students enrolled at the Transitional Group campuses represented approximately 1% of our total enrollments. During the third quarter of 2017, the Company completed the teach-out of 1 Transitional Group campus: Sanford-Brown Las Vegas, which continues to be reported as part of the Transitional Group as of September 30, 2017.
Summary financial information by reporting segment is as follows (dollars in thousands):
|  | For the Quarter Ended September 30, |
|  | Revenue |  |  | Operating Income (Loss) |
|  | 2017 |  |  | % of Total |  |  | 2016 |  |  | % of Total |  |  | 2017 |  |  | 2016 |
CTU |  | $ | 91,319 |  |  |  | 63.0 | % |  | $ | 90,921 |  |  |  | 54.2 | % |  | $ | 27,565 |  |  | $ | 21,486 |
AIU |  |  | 50,150 |  |  |  | 34.6 | % |  |  | 48,542 |  |  |  | 29.0 | % |  |  | 2,256 |  |  |  | 291 |
Total University Group |  |  | 141,469 |  |  |  | 97.6 | % |  |  | 139,463 |  |  |  | 83.2 | % |  |  | 29,821 |  |  |  | 21,777 |
Corporate and Other |  |  | - |  |  | NM |  |  |  | - |  |  | NM |  |  |  | (6,199 | ) |  |  | (5,587 | )
Subtotal |  |  | 141,469 |  |  |  | 97.6 | % |  |  | 139,463 |  |  |  | 83.2 | % |  |  | 23,622 |  |  |  | 16,190 |
Culinary Arts |  |  | 2,367 |  |  |  | 1.6 | % |  |  | 21,369 |  |  |  | 12.7 | % |  |  | (14,027 | ) |  |  | (1,801 | )
Transitional Group |  |  | 1,150 |  |  |  | 0.8 | % |  |  | 6,793 |  |  |  | 4.1 | % |  |  | (5,056 | ) |  |  | (15,095 | )
Total |  | $ | 144,986 |  |  |  | 100.0 | % |  | $ | 167,625 |  |  |  | 100.0 | % |  | $ | 4,539 |  |  | $ | (706 | )
|  | For the Year to Date Ended September 30, |
|  | Revenue |  |  | Operating Income (Loss) |
|  | 2017 |  |  | % of Total |  |  | 2016 |  |  | % of Total |  |  | 2017 |  |  | 2016 |
CTU |  | $ | 276,558 |  |  |  | 61.0 | % |  | $ | 274,623 |  |  |  | 50.0 | % |  | $ | 78,649 |  |  | $ | 70,693 |
AIU |  |  | 150,618 |  |  |  | 33.2 | % |  |  | 152,123 |  |  |  | 27.7 | % |  |  | 7,987 |  |  |  | 9,036 |
Total University Group |  |  | 427,176 |  |  |  | 94.2 | % |  |  | 426,746 |  |  |  | 77.7 | % |  |  | 86,636 |  |  |  | 79,729 |
Corporate and Other |  |  | - |  |  | NM |  |  |  | - |  |  | NM |  |  |  | (16,595 | ) |  |  | (17,160 | )
Subtotal |  |  | 427,176 |  |  |  | 94.2 | % |  |  | 426,746 |  |  |  | 77.7 | % |  |  | 70,041 |  |  |  | 62,569 |
Culinary Arts |  |  | 19,302 |  |  |  | 4.3 | % |  |  | 89,990 |  |  |  | 16.4 | % |  |  | (25,039 | ) |  |  | 1,666 |
Transitional Group |  |  | 6,839 |  |  |  | 1.5 | % |  |  | 32,401 |  |  |  | 5.9 | % |  |  | (21,578 | ) |  |  | (40,672 | )
Total |  | $ | 453,317 |  |  |  | 100.0 | % |  | $ | 549,137 |  |  |  | 100.0 | % |  | $ | 23,424 |  |  | $ | 23,563 |
|  | Total Assets as of (1) |
|  | September 30, 2017 |  |  | December 31, 2016 |
CTU |  | $ | 72,589 |  |  | $ | 76,143 |
AIU |  |  | 65,275 |  |  |  | 66,081 |
Total University Group |  |  | 137,864 |  |  |  | 142,224 |
Corporate and Other |  |  | 292,929 |  |  |  | 334,945 |
Subtotal |  |  | 430,793 |  |  |  | 477,169 |
Culinary Arts (2) |  |  | 48,995 |  |  |  | 57,443 |
Transitional Group (2) |  |  | 15,316 |  |  |  | 18,736 |
Discontinued Operations |  |  | 6,093 |  |  |  | 6,253 |
Total |  | $ | 501,197 |  |  | $ | 559,601 |
(1) | Total assets do not include intercompany receivable or payable activity between schools and corporate and investments in subsidiaries.
(2) | Assets are primarily composed of deferred tax assets that may be utilized for the consolidated company to reduce future tax liabilities.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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