XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Discontinued Operations | 6 Months Ended
--- | ---
Jun. 30, 2018
Discontinued Operations And Disposal Groups [Abstract] |
Discontinued Operations | 13. DISCONTINUED OPERATIONS As of June 30, 2018, the results of operations for campuses that have ceased operations prior to 2015 are presented within discontinued operations. Prior to January 1, 2015, our teach-out campuses met the criteria for discontinued operations upon completion of their teach-out as defined under FASB ASC Topic 205 – Presentation of Financial Statements. Commencing January 1, 2015, in accordance with the new guidance under ASC Topic 360, only campuses that meet the criteria of a strategic shift upon disposal will be classified within discontinued operations, among other criteria. Since the January 2015 effective date of the updated guidance within ASC Topic 360, we have not had any campuses that met the criteria to be considered a discontinued operation. Results of Discontinued Operations The summary of unaudited results of operations for our discontinued operations for the quarters and years to date ended June 30, 2018 and 2017 were as follows (dollars in thousands):
|  | For the Quarter Ended June 30, |  |  | For the Year to Date Ended June 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Total operating expenses |  | $ | 147 |  |  | $ | 594 |  |  | $ | 645 |  |  | $ | 1,257 |
Loss before income tax |  | $ | (147 | ) |  | $ | (594 | ) |  | $ | (645 | ) |  | $ | (1,257 | )
Benefit from income tax |  |  | (34 | ) |  |  | (217 | ) |  |  | (150 | ) |  |  | (460 | )
Loss from discontinued operations, net of tax |  | $ | (113 | ) |  | $ | (377 | ) |  | $ | (495 | ) |  | $ | (797 | )
Assets and Liabilities of Discontinued Operations Assets and liabilities of discontinued operations on our condensed consolidated balance sheets as of June 30, 2018 and December 31, 2017 include the following (dollars in thousands):
|  | June 30, |  |  | December 31, |
|  | 2018 |  |  | 2017 |
Assets: |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Receivables, net |  | $ | 171 |  |  | $ | 382 |
Total current assets |  |  | 171 |  |  |  | 382 |
Non-current assets: |  |  |  |  |  |  |  |
Deferred income tax assets, net |  |  | 1,585 |  |  |  | 1,585 |
Total assets of discontinued operations |  | $ | 1,756 |  |  | $ | 1,967 |
Liabilities: |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 16 |  |  | $ | 185 |
Remaining lease obligations |  |  | 3,109 |  |  |  | 5,516 |
Total current liabilities |  |  | 3,125 |  |  |  | 5,701 |
Non-current liabilities: |  |  |  |  |  |  |  |
Remaining lease obligations |  |  | - |  |  |  | 785 |
Total liabilities of discontinued operations |  | $ | 3,125 |  |  | $ | 6,486 |
Remaining Lease Obligations of Discontinued Operations A number of the campuses that ceased operations prior to January 1, 2015 have remaining lease obligations that expire over time with the latest expiration in 2019. A liability is recorded representing the fair value of the remaining lease obligation at the time the space is no longer being utilized. Changes in our future remaining lease obligations, which are reflected within current and non-current liabilities of discontinued operations on our condensed consolidated balance sheets, for the quarters and years to date ended June 30, 2018 and 2017, were as follows (dollars in thousands):
|  | Balance, Beginning of Period |  |  | Charges Incurred (1) |  |  | Net Cash Payments |  |  | Balance, End of Period |
For the quarter ended June 30, 2018 |  | $ | 4,188 |  |  | $ | (61 | ) |  | $ | (1,018 | ) |  | $ | 3,109 |
For the quarter ended June 30, 2017 |  | $ | 12,120 |  |  | $ | 153 |  |  | $ | (2,575 | ) |  | $ | 9,698 |
For the year to date ended June 30, 2018 |  | $ | 6,301 |  |  | $ | 3 |  |  | $ | (3,195 | ) |  | $ | 3,109 |
For the year to date ended June 30, 2017 |  | $ | 14,474 |  |  | $ | 518 |  |  | $ | (5,294 | ) |  | $ | 9,698 |
(1) | Includes subsequent adjustments for accretion, revised estimates and variances between estimated and actual charges, net of any reversals for terminated lease obligations.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration