Segment Reporting

3 Months Ended

Mar. 31, 2012

Segment Reporting [Abstract]

Segment Reporting

13. SEGMENT REPORTING

The Company has six reporting segments. The reporting segments are described below.

CTU includes our Colorado Technical University schools. These schools collectively offer academic programs in the career-oriented disciplines of business studies, information systems and technologies, criminal justice, computer science and engineering, and health sciences in an online, classroom or laboratory setting.

AIU includes our American InterContinental University schools. These schools collectively offer academic programs in the career-oriented disciplines of business studies, information technologies, criminal justice and design in an online, classroom or laboratory setting.

Health Education includes our Sanford-Brown schools, along with Brown College, Briarcliffe College and Missouri College. These schools collectively offer academic programs in the career-oriented disciplines of health education, complemented by certain programs in business studies and information technology in a classroom, laboratory or online setting.

Culinary Arts includes our LCB schools that collectively offer culinary arts programs in the career-oriented disciplines of culinary arts, baking and pastry arts, and hotel and restaurant management in a classroom, kitchen or online setting.

Art & Design includes IADT, Harrington College of Design, Collins College and Brooks Institute schools. These schools offer academic programs primarily in the career-oriented disciplines of graphic design, web design and development, Internet marketing, information technology, retail merchandising and management, fashion design, game design, interior design, film and video production, photography and visual communications in a classroom, laboratory or online setting, as well as job training in the field of energy conservation.

International includes our INSEEC schools and IUM school located in France, the United Kingdom and Monaco, which collectively offer academic programs in the career-oriented disciplines of business studies, health education, advertising, communications and technologies and luxury goods and services in a classroom or laboratory setting.

We evaluate segment performance based on operating income. 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:

	Revenue (1)					Operating Income (Loss)  (1)
	For the Quarters Ended March 31,					For the Quarters Ended March 31,
	2012		2011			2012			2011
	(Dollars in thousands)
CTU	$	99,915	$	118,065		$	19,045		$	36,288
AIU		88,940		104,274			14,661			27,617
Health Education		91,225		116,309			(11,844	)		11,630
Culinary Arts		63,546		91,773			(8	)		13,767
Art & Design		47,668		64,600			(889	)		10,395
International		42,829		36,815			13,125			9,755
Corporate and Other (2)		14		(136	)		12,541			(577	)
Total	$	434,137	$	531,700		$	46,631		$	108,875

	Total Assets as of (1)(3)
	March 31, 2012		December 31, 2011
	(Dollars in thousands)
CTU	$	73,709	$	74,648
AIU		70,566		73,090
Health Education		136,796		149,444
Culinary Arts		209,541		215,318
Art & Design		84,834		88,869
International		276,820		277,140
Corporate and Other		406,686		417,182
Discontinued Operations		20,308		20,429
Total	$	1,279,260	$	1,316,120

(1) Revenue and operating income (loss) are presented above on a continuing operation basis. Total assets are presented on a consolidated basis with continuing and discontinued operations.

(2) The first quarter of 2012 operating income includes a $19.0 million insurance recovery related to the settlement of claims under certain insurance policies. The first quarter of 2011 operating loss includes a $7.0 million insurance recovery related to previously settled legal matters and a $1.4 million gain on the sale of real estate.

(3) Total assets do not include the following intercompany activity: receivable or payable activity between schools and corporate and investments in subsidiaries.