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Segment Reporting | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Segment Reporting | 12. 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 June 30, 2018, our three segments are:
| ♦ | 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 June 30, 2018, students enrolled at CTU represented approximately 68% 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 June 30, 2018, students enrolled at AIU represented approximately 32% of our total enrollments. Approximately 93% 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 June 30, 2018 will complete their teach-outs during 2018. As of June 30, 2018, there were approximately ten students enrolled at these campuses. During the second quarter of 2018, we completed the teach-out of three non-LCB campuses.
Summary financial information by reporting segment is as follows (dollars in thousands):
|  | For the Quarter Ended June 30, |
|  | Revenue |  |  | Operating Income (Loss) |
|  | 2018 |  |  | % of Total |  |  | 2017 |  |  | % of Total |  |  | 2018 |  |  | 2017 |
CTU |  | $ | 93,266 |  |  |  | 65.7 | % |  | $ | 91,204 |  |  |  | 62.4 | % |  | $ | 27,116 |  |  | $ | 28,064 |
AIU |  |  | 48,579 |  |  |  | 34.2 | % |  |  | 46,215 |  |  |  | 31.6 | % |  |  | (1,585 | ) |  |  | 1,075 |
Total University Group |  |  | 141,845 |  |  |  | 99.9 | % |  |  | 137,419 |  |  |  | 94.0 | % |  |  | 25,531 |  |  |  | 29,139 |
Corporate and Other (1) |  |  | - |  |  | NM |  |  |  | - |  |  | NM |  |  |  | (2,000 | ) |  |  | (5,847 | )
Subtotal |  |  | 141,845 |  |  |  | 99.9 | % |  |  | 137,419 |  |  |  | 94.0 | % |  |  | 23,531 |  |  |  | 23,292 |
All Other Campuses |  |  | 191 |  |  |  | 0.1 | % |  |  | 8,803 |  |  |  | 6.0 | % |  |  | (12,228 | ) |  |  | (14,188 | )
Total |  | $ | 142,036 |  |  |  | 100.0 | % |  | $ | 146,222 |  |  |  | 100.0 | % |  | $ | 11,303 |  |  | $ | 9,104 |
|  | For the Year to Date Ended June 30, |
|  | Revenue |  |  | Operating Income (Loss) |
|  | 2018 |  |  | % of Total |  |  | 2017 |  |  | % of Total |  |  | 2018 |  |  | 2017 |
CTU |  | $ | 187,873 |  |  |  | 64.8 | % |  | $ | 185,239 |  |  |  | 60.1 | % |  | $ | 54,301 |  |  | $ | 51,084 |
AIU |  |  | 101,700 |  |  |  | 35.1 | % |  |  | 100,468 |  |  |  | 32.6 | % |  |  | 2,551 |  |  |  | 5,731 |
Total University Group |  |  | 289,573 |  |  |  | 99.8 | % |  |  | 285,707 |  |  |  | 92.7 | % |  |  | 56,852 |  |  |  | 56,815 |
Corporate and Other (1) |  |  | - |  |  | NM |  |  |  | - |  |  | NM |  |  |  | (6,542 | ) |  |  | (10,396 | )
Subtotal |  |  | 289,573 |  |  |  | 99.8 | % |  |  | 285,707 |  |  |  | 92.7 | % |  |  | 50,310 |  |  |  | 46,419 |
All Other Campuses |  |  | 528 |  |  |  | 0.2 | % |  |  | 22,624 |  |  |  | 7.3 | % |  |  | (18,478 | ) |  |  | (27,534 | )
Total |  | $ | 290,101 |  |  |  | 100.0 | % |  | $ | 308,331 |  |  |  | 100.0 | % |  | $ | 31,832 |  |  | $ | 18,885 |
|  | Total Assets as of (2) |
|  | June 30, 2018 |  |  | December 31, 2017 |
CTU |  | $ | 76,332 |  |  | $ | 72,988 |
AIU |  |  | 54,665 |  |  |  | 51,832 |
Total University Group |  |  | 130,997 |  |  |  | 124,820 |
Corporate and Other |  |  | 298,726 |  |  |  | 291,211 |
Subtotal |  |  | 429,723 |  |  |  | 416,031 |
All Other Campuses |  |  | 27,311 |  |  |  | 29,098 |
Discontinued Operations |  |  | 1,756 |  |  |  | 1,967 |
Total |  | $ | 458,790 |  |  | $ | 447,096 |
(1) | Corporate and Other benefitted from a recovery of $2.5 million for past claims recorded during the current quarter and year to date.
(2) | Total assets do not include intercompany receivable or payable activity between schools and corporate and investments in subsidiaries.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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