XML 30 R19.htm IDEA: XBRL DOCUMENT v3.4.0.3
Segment Information
6 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information
Our principal business is providing postsecondary education. We also provide manufacturer-specific training and these operations are managed separately from our campus operations. These operations do not currently meet the quantitative criteria for segments and therefore are reflected in the Other category. Our equity method investments and other non-Postsecondary Education operations are also included within the Other category. Corporate expenses are allocated to Postsecondary Education and the Other category based on compensation expense. Depreciation and amortization includes amortization of assets subject to financing obligation.
Summary information by reportable segment is as follows:
 
 
Three Months Ended March 31,
 
Six Months Ended March 31,
 
 
2016
 
2015
 
2016

2015
Revenues
 
 
 
 
 



Postsecondary Education
 
$
84,737

 
$
88,101

 
$
171,402


$
181,003

Other
 
3,455

 
3,134

 
6,563


5,912

Consolidated
 
$
88,192

 
$
91,235

 
$
177,965


$
186,915

Income (loss) from operations
 
 
 
 
 



Postsecondary Education
 
$
(4,693
)
 
$
2,902

 
$
(5,909
)

$
9,351

Other
 
(1,077
)
 
(500
)
 
(2,054
)

(1,349
)
Consolidated
 
$
(5,770
)
 
$
2,402

 
(7,963
)

8,002

Depreciation and amortization(1)
 
 
 
 
 



Postsecondary Education
 
$
4,402

 
$
4,774

 
$
8,722


$
9,649

Other
 
238

 
66

 
301


141

Consolidated
 
$
4,640

 
$
4,840

 
$
9,023


$
9,790

Net income (loss)
 
 
 
 
 



Postsecondary Education
 
$
(31,714
)
 
$
761

 
$
(32,940
)

$
4,262

Other
 
(288
)
 
(206
)
 
(742
)

(613
)
Consolidated
 
$
(32,002
)
 
$
555

 
$
(33,682
)

$
3,649

 
 
 
 
 
 



 
 
 
 
 
 

 
 
 
 
 
 
March 31, 2016

September 30, 2015
Goodwill
 
 
 
 
 



Postsecondary Education
 
 
 
 
 
$
8,222


$
8,222

Other
 
 
 
 
 
783



Consolidated
 
 
 
 
 
$
9,005


$
8,222

Total assets
 
 
 
 
 



Postsecondary Education
 
 
 
 
 
$
221,005


$
266,922

Other
 
 
 
 
 
8,857


7,380

Consolidated
 
 
 
 
 
$
229,862


$
274,302

(1) Excludes depreciation of training equipment obtained in exchange for services of $0.3 million for each of the three months ended March 31, 2016 and 2015, respectively, and of $0.6 million for each of the six months ended March 31, 2016 and 2015, respectively.