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Segment Reporting | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Segment Reporting | 16. 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. Our three reporting segments are described below.
| ☐ | 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 December 31, 2017, students enrolled at CTU represented approximately 63% of our total enrollments. Approximately 92% 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 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 December 31, 2017, students enrolled at AIU represented approximately 36% of our total enrollments. Approximately 94% of AIU’s enrollments are fully online.
| ☐ | All Other Campuses includes those campuses which are currently being taught out or 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. Our All Other Campuses segment includes campuses in the following two categories:
| • | Our Le Cordon Bleu institutions in North America (“LCB”) which previously offered hands-on educational programs in the career-oriented disciplines of culinary arts and patisserie and baking. During 2017, the Company completed the teach-out activities of all remaining Le Cordon Bleu campuses. These campuses comprised our former Culinary Arts segment.
| • | Our non-LCB campuses which are in teach-out or those which have been closed or sold subsequent to January 1, 2015. These non-LCB campuses offer academic programs in career-oriented disciplines complemented by certain programs in business studies and information technology. These campuses comprised our former Transitional Group segment. Campuses that have not yet ceased operations as of December 31, 2017 will complete their teach-outs on varying dates during 2018. As of December 31, 2017, students enrolled at these campuses represented less than 1% of our total enrollments. During 2017, we completed the teach-out of seven non-LCB campuses.
The results of operations for these closed campuses will remain reported within the ‘All Other Campuses’ segment as part of continuing operations, in accordance with ASC Topic 360. All prior period results have been recast to reflect our reporting segments on a comparable basis. We evaluate segment performance based on operating results. Adjustments to reconcile segment results to consolidated results are included under the caption “Corporate and Other,” which primarily includes unallocated corporate activity and eliminations. Summary financial information by reporting segment is as follows (dollars in thousands):
|  | Revenue |  |  | Operating Income (Loss) |  |  | Depreciation and Amortization |  |  | Capital Expenditures |  |  | Total Assets |
For the Year Ended December 31, 2017 (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CTU |  | $ | 371,325 |  |  | $ | 109,202 |  |  | $ | 2,047 |  |  | $ | 74 |  |  | $ | 72,988 |
AIU |  |  | 198,251 |  |  |  | 8,401 |  |  |  | 1,752 |  |  |  | 79 |  |  |  | 51,832 |
Total University Group |  |  | 569,576 |  |  |  | 117,603 |  |  |  | 3,799 |  |  |  | 153 |  |  |  | 124,820 |
Corporate and Other |  |  | - |  |  |  | (22,067 | ) |  |  | 6,527 |  |  |  | 6,179 |  |  |  | 291,211 |
Subtotal |  |  | 569,576 |  |  |  | 95,536 |  |  |  | 10,326 |  |  |  | 6,332 |  |  |  | 416,031 |
All Other Campuses (2) |  |  | 26,859 |  |  |  | (61,400 | ) |  |  | 3,664 |  |  |  | - |  |  |  | 29,098 |
Discontinued Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,967 |
Total |  | $ | 596,435 |  |  | $ | 34,136 |  |  | $ | 13,990 |  |  | $ | 6,332 |  |  | $ | 447,096 |
For the Year Ended December 31, 2016 (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CTU |  | $ | 369,319 |  |  | $ | 99,412 |  |  | $ | 2,157 |  |  | $ | 675 |  |  | $ | 76,143 |
AIU (3) |  |  | 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 |
All Other Campuses (4) |  |  | 142,041 |  |  |  | (77,061 | ) |  |  | 11,583 |  |  |  | 536 |  |  |  | 76,179 |
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 |  |  |  |  |
AIU |  |  | 201,649 |  |  |  | 5,520 |  |  |  | 1,636 |  |  |  | 2,406 |  |  |  |  |
Total University Group |  |  | 549,864 |  |  |  | 93,016 |  |  |  | 3,917 |  |  |  | 3,490 |  |  |  |  |
Corporate and Other |  |  | 157 |  |  |  | (27,267 | ) |  |  | 11,173 |  |  |  | 4,873 |  |  |  |  |
Subtotal |  |  | 550,021 |  |  |  | 65,749 |  |  |  | 15,090 |  |  |  | 8,363 |  |  |  |  |
All Other Campuses (5) |  |  | 297,252 |  |  |  | (157,917 | ) |  |  | 9,848 |  |  |  | 3,332 |  |  |  |  |
Discontinued Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  | $ | 847,273 |  |  | $ | (92,168 | ) |  | $ | 24,938 |  |  | $ | 11,695 |  |  |  |  |
(1) | The statement of (loss) income and comprehensive (loss) income balances including revenue, operating income (loss), depreciation and amortization and capital expenditures are presented above on a continuing operations basis. Total assets are presented on a consolidated basis including continuing and discontinued operations.
For the year ended December 31, 2017, segment results included:
(2) | All Other Campuses: $6.5 million charge related to a legal settlement and $14.8 million of charges related to remaining lease obligations of vacated space.
For the year ended December 31, 2016, segment results included:
(3) | AIU: $32.0 million charge related to legal settlements.
(4) | All Other Campuses: $31.0 million of charges related to remaining lease obligations of vacated space.
For the year ended December 31, 2015, segment results included:
(5) | All Other Campuses: $41.2 million related to long-lived asset impairment and an $18.8 million trade name impairment charge.

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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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