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Quarterly Financial Summary (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Summary | Summary financial information by quarter is as follows (dollars in thousands, except per share data):
|  | Quarter |  |  | Total |
2017 |  | First |  |  | Second |  |  | Third |  |  | Fourth (2) |  |  | Year |
Revenue |  | $ | 162,109 |  |  | $ | 146,222 |  |  | $ | 144,986 |  |  | $ | 143,118 |  |  | $ | 596,435 |
Operating income |  |  | 9,781 |  |  |  | 9,104 |  |  |  | 4,539 |  |  |  | 10,712 |  |  | $ | 34,136 |
Net income (loss) |  |  | 5,177 |  |  |  | 4,286 |  |  |  | 3,022 |  |  |  | (44,382 | ) |  | $ | (31,897 | )
Net income (loss) per share (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.08 |  |  | $ | 0.06 |  |  | $ | 0.04 |  |  | $ | (0.64 | ) |  | $ | (0.46 | )
Diluted |  | $ | 0.07 |  |  | $ | 0.06 |  |  | $ | 0.04 |  |  | $ | (0.64 | ) |  | $ | (0.46 | )
|  | Quarter |  |  | Total |
2016 |  | First |  |  | Second |  |  | Third |  |  | Fourth (3) |  |  | Year |
Revenue |  | $ | 198,886 |  |  | $ | 182,626 |  |  | $ | 167,625 |  |  | $ | 155,255 |  |  | $ | 704,392 |
Operating income (loss) |  |  | 6,979 |  |  |  | 17,290 |  |  |  | (706 | ) |  |  | (55,907 | ) |  | $ | (32,344 | )
Net income (loss) |  |  | 3,011 |  |  |  | 11,839 |  |  |  | (686 | ) |  |  | (32,876 | ) |  | $ | (18,712 | )
Net income (loss) per share (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and Diluted |  | $ | 0.04 |  |  | $ | 0.17 |  |  | $ | (0.01 | ) |  | $ | (0.48 | ) |  | $ | (0.27 | )
| (1) | Basic and diluted earnings per share are calculated independently for each of the quarters presented. Accordingly, the sum of the quarterly earnings per share amounts may not agree with the annual earnings per share amount for the corresponding year.
For the year ended December 31, 2017, quarterly results included:
| (2) | Fourth quarter of 2017 net loss included $6.5 million for a legal settlement within the All Other Campuses segment. Fourth quarter 2017 also includes $52.7 million of tax expense related to the impact of the Tax Cuts and Jobs Act which was enacted in the fourth quarter of 2017.
For the year ended December 31, 2016, quarterly results included:
(3) | Fourth quarter of 2016 net loss included $32.0 million of legal settlements for AIU, $0.9 million of asset impairment charges related to the All Other Campuses segment as well as $22.5 million of unused space charges, of which $4.2 million relates to discontinued operations with the remainder relating to our All Other Campuses segment.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=84173487&loc=d3e1280-108306 + Details
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