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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
SEGMENT INFORMATION | 20. SEGMENT INFORMATION The Group offers a wide range of educational and career enhancement services and products focusing on improving educational opportunities for primary and advanced degree school students and employment opportunities for university graduates. The Group’s chief operating decision maker (“CODM”) has been identified as the CEO who reviews the financial information of separate operating segments when making decisions about allocating resources and assessing performance of the Group. Based on management’s assessment, the Group has determined that it has four operating segments which are Tutoring, K-12 Schools, Career Enhancement and Others. These four operating segments are also identified as reportable segments. The reportable segments of tutoring and K-12 schools are grouped under the “Better Schools” division because the segments offer programs and education services using a standards-based curriculum that enables students to improve their academic results and educational opportunities. The reportable segments of career enhancement was classified under the “Better Jobs” division because the segments offer services and programs that facilitate post-secondary students to obtain more attractive employment opportunities. The reportable segment of Others represents the intellectualized operational services provided, and was classified under the “Others” division. This segment provide intellectualized operational services to corporate clients, colleges and universities, which is to design, purchase, modify and integrate electronic equipment and devices, and develop mobile APP for end users to utilize office facilities, manage resources and administrative matters according to our clients’ office or teaching space, human resource deployments and office/classroom administration requirements. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The CODM evaluates performance based on each reporting segment’s revenues, cost of revenues, gross profit, operating expenses, other income (expense), (loss) income before income tax and non-controlling interests and total assets as follows. For the year ended December 31, 2016
(RMB in thousands) |  | Better School |  |  | Better Job |  |  |  |
|  | Tutoring |  |  | K-12 |  |  | Subtotal |  |  | Career Enhancement |  |  | Consolidated |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Net Revenues |  |  | 47,985 |  |  |  | 222,592 |  |  |  | 270,577 |  |  |  | 141,439 |  |  |  | 412,016 |
Cost of revenues |  |  | (33,465 | ) |  |  | (137,833 | ) |  |  | (171,298 | ) |  |  | (67,444 | ) |  |  | (238,742 | )
GROSS PROFIT |  |  | 14,520 |  |  |  | 84,759 |  |  |  | 99,279 |  |  |  | 73,995 |  |  |  | 173,274 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing |  |  | (5,516 | ) |  |  | (1,065 | ) |  |  | (6,581 | ) |  |  | (30,810 | ) |  |  | (37,391 | )
General and administrative |  |  | (21,929 | ) |  |  | (42,205 | ) |  |  | (64,134 | ) |  |  | (34,023 | ) |  |  | (98,157 | )
Research and development |  |  | (1,445 | ) |  |  | - |  |  |  | (1,445 | ) |  |  | (924 | ) |  |  | (2,369 | )
Impairment loss |  |  | (21,779 | ) |  |  | - |  |  |  | (21,779 | ) |  |  | (623 | ) |  |  | (22,402 | )
Unallocated corporate expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (56,986 | )
Total operating expenses |  |  | (50,669 | ) |  |  | (43,270 | ) |  |  | (93,939 | ) |  |  | (66,380 | ) |  |  | (217,305 | )
OPERATING (LOSS) INCOME |  |  | (36,149 | ) |  |  | 41,489 |  |  |  | 5,340 |  |  |  | 7,615 |  |  |  | (44,031 | )
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 106 |  |  |  | 106 |  |  |  | 212 |  |  |  | 186 |  |  |  | 398 |
Foreign exchange gain, net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12 |  |  |  | 12 |
Other (loss) income, net |  |  | (2,514 | ) |  |  | 195 |  |  |  | (2,319 | ) |  |  | (1,714 | ) |  |  | (4,033 | )
Gain on sale of investment available for sale |  |  | - |  |  |  | 2,464 |  |  |  | 2,464 |  |  |  | 138 |  |  |  | 2,602 |
Unallocated corporate other income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 13,945 |
Total other (expenses) income |  |  | (2,408 | ) |  |  | 2,765 |  |  |  | 357 |  |  |  | (1,378 | ) |  |  | 12,924 |
(LOSS) INCOME BEFORE INCOME TAX AND NON-CONTROLLING INTERESTS |  |  | (38,557 | ) |  |  | 44,254 |  |  |  | 5,697 |  |  |  | 6,237 |  |  |  | (31,107 | )
Segment assets |  |  | 118,083 |  |  |  | 363,317 |  |  |  | 481,400 |  |  |  | 187,362 |  |  |  | 668,762 |
Unallocated corporate assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 284,261 |
TOTAL ASSETS |  |  | 118,083 |  |  |  | 363,317 |  |  |  | 481,400 |  |  |  | 187,362 |  |  |  | 953,023 |
For the year ended December 31, 2017
(RMB in thousands) |  | Better School |  |  | Better Job |  |  |  |  |  |  |
|  | Tutoring |  |  | K-12 |  |  | Subtotal |  |  | Career Enhancement |  |  | Others |  |  | Consolidated |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  |  |
Net Revenues |  |  | 55,371 |  |  |  | 232,433 |  |  |  | 287,804 |  |  |  | 144,950 |  |  |  | 11,170 |  |  |  | 443,924 |
Cost of revenues |  |  | (26,426 | ) |  |  | (152,509 | ) |  |  | (178,935 | ) |  |  | (70,465 | ) |  |  | (6,995 | ) |  |  | (256,395 | )
GROSS PROFIT |  |  | 28,945 |  |  |  | 79,924 |  |  |  | 108,869 |  |  |  | 74,485 |  |  |  | 4,175 |  |  |  | 187,529 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing |  |  | (4,220 | ) |  |  | (1,356 | ) |  |  | (5,576 | ) |  |  | (26,656 | ) |  |  | - |  |  |  | (32,232 | )
General and administrative |  |  | (16,411 | ) |  |  | (40,681 | ) |  |  | (57,092 | ) |  |  | (34,466 | ) |  |  | (12 | ) |  |  | (91,570 | )
Research and development |  |  | (241 | ) |  |  | - |  |  |  | (241 | ) |  |  | (407 | ) |  |  | - |  |  |  | (648 | )
Unallocated corporate expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (60,774 | )
Total operating expenses |  |  | (20,872 | ) |  |  | (42,037 | ) |  |  | (62,909 | ) |  |  | (61,529 | ) |  |  | (12 | ) |  |  | (185,224 | )
OPERATING INCOME |  |  | 8,073 |  |  |  | 37,887 |  |  |  | 45,960 |  |  |  | 12,956 |  |  |  | 4,163 |  |  |  | 2,305 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 252 |  |  |  | 804 |  |  |  | 1,056 |  |  |  | 171 |  |  |  | - |  |  |  | 1,227 |
Foreign exchange gain, net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 47 |  |  |  | - |  |  |  | 47 |
Gain on disposal of subsidiaries |  |  | 4,540 |  |  |  | - |  |  |  | 4,540 |  |  |  | - |  |  |  | - |  |  |  | 4,540 |
Other income (loss), net |  |  | 10,402 |  |  |  | 1,025 |  |  |  | 11,427 |  |  |  | (4,348 | ) |  |  | - |  |  |  | 7,079 |
Gain on sale of investment available for sale |  |  | - |  |  |  | 5,594 |  |  |  | 5,594 |  |  |  | 1,958 |  |  |  | - |  |  |  | 7,552 |
Unallocated corporate other income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 32,789 |
Total other income (loss) |  |  | 15,194 |  |  |  | 7,423 |  |  |  | 22,617 |  |  |  | (2,172 | ) |  |  | - |  |  |  | 53,234 |
INCOME BEFORE INCOME TAX AND NON-CONTROLLING INTERESTS |  |  | 23,267 |  |  |  | 45,310 |  |  |  | 68,577 |  |  |  | 10,784 |  |  |  | 4,163 |  |  |  | 55,539 |
Segment assets |  |  | 118,403 |  |  |  | 370,251 |  |  |  | 488,654 |  |  |  | 172,690 |  |  |  | 8,085 |  |  |  | 669,429 |
Unallocated corporate assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 307,991 |
TOTAL ASSETS |  |  | 118,403 |  |  |  | 370,251 |  |  |  | 488,654 |  |  |  | 172,690 |  |  |  | 8,085 |  |  |  | 977,420 |
For the year ended December 31, 2018
(RMB in thousands) |  | Better School |  |  | Better Job |  |  |  |  |  |  |
|  | Tutoring |  |  | K-12 |  |  | Subtotal |  |  | Career Enhancement |  |  | Others |  |  | Consolidated |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  |  |
Net Revenues |  |  | 46,820 |  |  |  | 277,790 |  |  |  | 324,610 |  |  |  | 200,524 |  |  |  | 6,374 |  |  |  | 531,508 |
Cost of revenues |  |  | (27,770 | ) |  |  | (178,645 | ) |  |  | (206,415 | ) |  |  | (125,524 | ) |  |  | (6,204 | ) |  |  | (338,143 | )
GROSS PROFIT |  |  | 19,050 |  |  |  | 99,145 |  |  |  | 118,195 |  |  |  | 75,000 |  |  |  | 170 |  |  |  | 193,365 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing |  |  | (332 | ) |  |  | (1,286 | ) |  |  | (1,618 | ) |  |  | (36,619 | ) |  |  | - |  |  |  | (38,237 | )
General and administrative |  |  | 9,482 |  |  |  | (46,041 | ) |  |  | (36,559 | ) |  |  | (57,288 | ) |  |  | (638 | ) |  |  | (94,485 | )
Research and development |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (4 | ) |  |  | (483 | ) |  |  | (487 | )
Unallocated corporate expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (44,773 | )
Total operating expenses |  |  | 9,150 |  |  |  | (47,327 | ) |  |  | (38,177 | ) |  |  | (93,911 | ) |  |  | (1,121 | ) |  |  | (177,982 | )
OPERATING INCOME (LOSS) |  |  | 28,200 |  |  |  | 51,818 |  |  |  | 80,018 |  |  |  | (18,911 | ) |  |  | (951 | ) |  |  | 15,383 |
(RMB in thousands) |  | Better School |  |  | Better Job |  |  |  |  |  |  |
|  | Tutoring |  |  | K-12 |  |  | Subtotal |  |  | Career Enhancement |  |  | Others |  |  | Consolidated |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  |  |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 156 |  |  |  | 3,859 |  |  |  | 4,015 |  |  |  | 95 |  |  |  | 15 |  |  |  | 4,125 |
Foreign exchange gain (loss), net |  |  | 111 |  |  |  | - |  |  |  | 111 |  |  |  | 94 |  |  |  | (167 | ) |  |  | 38 |
Other income, net |  |  | 2,495 |  |  |  | 3,404 |  |  |  | 5,899 |  |  |  | 2,581 |  |  |  | - |  |  |  | 8,480 |
Gain from derecognition of liabilities |  |  | 3,914 |  |  |  | - |  |  |  | 3,914 |  |  |  | 340 |  |  |  | - |  |  |  | 4,254 |
Gain from deregistration of subsidiaries |  |  | 489 |  |  |  | - |  |  |  | 489 |  |  |  | 2,369 |  |  |  | - |  |  |  | 2,858 |
Gain on sale of investment available for sale |  |  | - |  |  |  | 512 |  |  |  | 512 |  |  |  | - |  |  |  | - |  |  |  | 512 |
Unallocated corporate other income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12,788 |
Total other income (loss) |  |  | 7,165 |  |  |  | 7,775 |  |  |  | 14,940 |  |  |  | 5,479 |  |  |  | (152 | ) |  |  | 33,055 |
INCOME (LOSS) BEFORE INCOME TAX AND NON-CONTROLLING INTERESTS |  |  | 35,365 |  |  |  | 59,593 |  |  |  | 94,958 |  |  |  | (13,432 | ) |  |  | (1,103 | ) |  |  | 48,438 |
Segment assets |  |  | 192,381 |  |  |  | 323,754 |  |  |  | 516,135 |  |  |  | 199,428 |  |  |  | 10,117 |  |  |  | 725,680 |
Unallocated corporate assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 184,539 |
TOTAL ASSETS |  |  | 192,381 |  |  |  | 323,754 |  |  |  | 516,135 |  |  |  | 199,428 |  |  |  | 10,117 |  |  |  | 910,219 |
The Group primarily operates in the PRC and US. Substantially most of the Group’s long-lived assets are located in the PRC and US.

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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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