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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Summary Financial Information by Reporting Segment

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, 2019 (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CTU (3)

 

$

392,263

 

 

$

108,602

 

 

$

5,397

 

 

$

580

 

 

$

100,414

 

AIU (4)

 

 

235,374

 

 

 

16,413

 

 

 

3,388

 

 

 

411

 

 

 

104,747

 

Total University Group

 

 

627,637

 

 

 

125,015

 

 

 

8,785

 

 

 

991

 

 

 

205,161

 

Corporate and Other  (2) (5)

 

 

67

 

 

 

(38,553

)

 

 

360

 

 

 

4,183

 

 

 

393,904

 

Discontinued Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

81

 

Total

 

$

627,704

 

 

$

86,462

 

 

$

9,145

 

 

$

5,174

 

 

$

599,146

 

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 (2) (6)

 

 

606

 

 

 

(48,501

)

 

 

502

 

 

 

6,363

 

 

 

346,469

 

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

 

 

 

 

 

AIU

 

 

198,251

 

 

 

8,401

 

 

 

1,752

 

 

 

79

 

 

 

 

 

Total University Group

 

 

569,576

 

 

 

117,603

 

 

 

3,799

 

 

 

153

 

 

 

 

 

Corporate and Other  (2) (7)

 

 

26,859

 

 

 

(83,467

)

 

 

10,191

 

 

 

6,179

 

 

 

 

 

Total

 

$

596,435

 

 

$

34,136

 

 

$

13,990

 

 

$

6,332

 

 

 

 

 

 

(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 and do not include intercompany receivable or payable activity between institutions and corporate and investments in subsidiaries.

(2)     Corporate and Other includes results of operations for closed campuses.

For the year ended December 31, 2019, segment results included:

(3)     CTU: a $18.6 million charge related to the FTC settlement.

(4)     AIU: a $11.4 million charge related to the FTC settlement.

(5)     Corporate and Other: a charge of $7.1 million for the Oregon arbitrations matter related to previously closed campuses.

For the year ended December 31, 2018, segment results included:

(6)

Corporate and Other: $14.6 million of charges related to significant legal settlements for the Surrett and multi-state AG matters and $9.4 million of charges related to remaining lease obligations of vacated space.

For the year ended December 31, 2017, segment results included:

(7)

Corporate and Other: $6.5 million charge related to a significant legal settlement for the Surrett matter and $14.8 million of charges related to remaining lease obligations of vacated space.