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Discontinued Operations | 3 Months Ended
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Mar. 31, 2019
Discontinued Operations And Disposal Groups [Abstract] |
Discontinued Operations | 13. DISCONTINUED OPERATIONS As of March 31, 2019, 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 are 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 ended March 31, 2019 and 2018 were as follows (dollars in thousands):
|  | For the Quarter Ended March 31, |  |
|  | 2019 |  |  | 2018 |  |
Total operating expenses |  | $ | 518 |  |  | $ | 498 |  |
Loss before income tax |  | $ | (518 | ) |  | $ | (498 | ) |
Benefit from income tax |  |  | (121 | ) |  |  | (116 | ) |
Loss from discontinued operations, net of tax |  | $ | (397 | ) |  | $ | (382 | ) |
Assets and Liabilities of Discontinued Operations Assets and liabilities of discontinued operations on our condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018 include the following (dollars in thousands):
|  | March 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
Assets: |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Receivables, net |  | $ | 120 |  |  | $ | - |
Total current assets |  |  | 120 |  |  |  | - |
Non-current assets: |  |  |  |  |  |  |  |
Deferred income tax assets, net |  |  | 178 |  |  |  | 178 |
Total assets of discontinued operations |  | $ | 298 |  |  | $ | 178 |
Liabilities: |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 8 |  |  | $ | 51 |
Remaining lease obligations |  |  | - |  |  |  | 485 |
Total current liabilities |  |  | 8 |  |  |  | 536 |
Total liabilities of discontinued operations |  | $ | 8 |  |  | $ | 536 |

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- 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
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