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Segment Reporting | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Segment Reporting | 17. 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 non-traditional 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, criminal justice 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, 2018, students enrolled at CTU represented approximately 66% of our total enrollments. Approximately 93% of CTU’s enrollments are fully online.
| ☐ | American InterContinental University (AIU) focuses on helping busy non-traditional students 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, 2018, students enrolled at AIU represented approximately 34% of our total enrollments. Approximately 94% of AIU’s enrollments are fully online.
| ☐ | All Other Campuses includes those campuses 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. Our All Other Campuses segment includes former 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. The Company completed the teach-out activities of all Le Cordon Bleu campuses during 2017.
| • | Our non-LCB campuses which have completed their teach-out or those which have been closed or sold subsequent to January 1, 2015. These non-LCB campuses previously offered academic programs in career-oriented disciplines complemented by certain programs in business studies and information technology. During 2018, we completed the teach-out of all remaining non-LCB campuses.
Beginning in 2019, the Company will no longer report results for closed campuses separately as these campuses will no longer meet the definition of an operating segment under ASC Topic 280. Any remaining results of operations, which would primarily consist of occupancy expenses for any remaining properties, will be reported within Corporate and Other beginning January 1, 2019. 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, 2018 (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CTU |  | $ | 375,770 |  |  | $ | 111,623 |  |  | $ | 5,310 |  |  | $ | 168 |  |  | $ | 76,713 |
AIU |  |  | 204,920 |  |  |  | 8,176 |  |  |  | 3,582 |  |  |  | 201 |  |  |  | 59,133 |
Total University Group |  |  | 580,690 |  |  |  | 119,799 |  |  |  | 8,892 |  |  |  | 369 |  |  |  | 135,846 |
Corporate and Other |  |  | - |  |  |  | (16,598 | ) |  |  | 369 |  |  |  | 6,363 |  |  |  | 330,132 |
Subtotal |  |  | 580,690 |  |  |  | 103,201 |  |  |  | 9,261 |  |  |  | 6,732 |  |  |  | 465,978 |
All Other Campuses (2) |  |  | 606 |  |  |  | (31,903 | ) |  |  | 133 |  |  |  | - |  |  |  | 16,337 |
Discontinued Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 178 |
Total |  | $ | 581,296 |  |  | $ | 71,298 |  |  | $ | 9,394 |  |  | $ | 6,732 |  |  | $ | 482,493 |
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 (3) |  |  | 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 |  |  |  |  |
AIU (4) |  |  | 193,032 |  |  |  | (29,598 | ) |  |  | 1,687 |  |  |  | 406 |  |  |  |  |
Total University Group |  |  | 562,351 |  |  |  | 69,814 |  |  |  | 3,844 |  |  |  | 1,081 |  |  |  |  |
Corporate and Other |  |  | - |  |  |  | (25,097 | ) |  |  | 7,320 |  |  |  | 2,512 |  |  |  |  |
Subtotal |  |  | 562,351 |  |  |  | 44,717 |  |  |  | 11,164 |  |  |  | 3,593 |  |  |  |  |
All Other Campuses (5) |  |  | 142,041 |  |  |  | (77,061 | ) |  |  | 11,583 |  |  |  | 536 |  |  |  |  |
Discontinued Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  | $ | 704,392 |  |  | $ | (32,344 | ) |  | $ | 22,747 |  |  | $ | 4,129 |  |  |  |  |
(1) | The statement of income (loss) and comprehensive income (loss) 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, 2018, segment results included: (2) All Other Campuses: $14.6 million of charges related to significant legal settlements and $9.4 million of charges related to remaining lease obligations of vacated space. For the year ended December 31, 2017, segment results included:
(3) | All Other Campuses: $6.5 million charge related to a significant 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:
(4) | AIU: $32.0 million charge related to a significant legal settlement.
(5) | All Other Campuses: $31.0 million of charges related to remaining lease obligations of vacated space.

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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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