Segment Reporting

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Reporting

15. SEGMENT REPORTING

Our segments are determined in accordance with FASB ASC Topic 280 – Segment Reporting and are based upon how the Company analyzes performance and makes decisions. Each segment represents a group of postsecondary education providers that offer a variety of degree and non-degree academic programs. These segments are organized by key market segments to enhance brand focus and operational alignment within each segment to more effectively execute our strategic plan. As of June 30, 2015, our three segments are:

University Group:

Colorado Technical University (CTU) places a strong focus on providing industry-relevant degree programs to meet the needs of our students for employment and of employers for a well-educated workforce and collectively offers academic programs in the career-oriented disciplines of business studies, information systems and technologies, criminal justice, computer science and engineering, and health sciences. Students pursue their degrees through fully-online programs through CTU Online, local campuses and blended formats, which combine campus-based and online education. As of June 30, 2015, students enrolled at CTU represented approximately 54% of our total enrollments. Approximately 91% of CTU’s enrollments are fully online.

American InterContinental University (AIU) focuses on helping busy professionals get the degree they need to move forward in their career as efficiently as possible and collectively offers academic programs in the career-oriented disciplines of business studies, information technologies, criminal justice and design technologies. Students pursue their degrees through fully-online programs through AIU Online, local campuses and blended formats, which combine campus-based and online education. As of June 30, 2015, students enrolled at AIU represented approximately 28% of our total enrollments. More than 90% of AIU’s enrollments are fully online.

Transitional Group includes our campuses which are currently being taught out. These campuses employ a gradual teach-out process, enabling them to continue to operate while current students complete their course of study; they no longer enroll new students. In addition, the Transitional Group includes campuses which have completed their teach-out activities or have been sold subsequent to January 1, 2015. As a result of a change in accounting guidance, these campuses remain within continuing operations. The campuses within the Transitional Group that have not yet ceased operations as of June 30, 2015 will complete their teach-outs on varying dates through 2018.

Summary financial information by reporting segment is as follows (dollars in thousands):

	For the Quarter Ended June 30,
	Revenue										Operating (Loss) Income
	2015		% of Total			2014		% of Total			2015			2014
CTU	$	86,174		49.3	%	$	85,041		45.7	%	$	24,263		$	20,957
AIU		52,024		29.8	%		49,685		26.7	%		5,174			(1,331	)
Total University Group		138,198		79.1	%		134,726		72.4	%		29,437			19,626
Corporate and Other		39		0.0	%		38		0.0	%		(7,036	)		(5,513	)
Transitional Group		36,543		20.9	%		51,408		27.6	%		(31,733	)		(25,364	)
Total	$	174,780		100.0	%	$	186,172		100.0	%	$	(9,332	)	$	(11,251	)
	For the Year to Date Ended June 30,
	Revenue										Operating (Loss) Income
	2015		% of Total			2014		% of Total			2015			2014
CTU	$	171,301		48.0	%	$	171,961		44.7	%	$	38,879		$	35,438
AIU		105,090		29.4	%		102,258		26.6	%		2,287			(4,914	)
Total University Group		276,391		77.4	%		274,219		71.4	%		41,166			30,524
Corporate and Other		78		0.0	%		138		0.0	%		(12,896	)		(16,649	)
Transitional Group		80,613		22.6	%		109,969		28.6	%		(62,203	)		(47,075	)
Total	$	357,082		100.0	%	$	384,326		100.0	%	$	(33,933	)	$	(33,200	)
	Total Assets as of (1)
	June 30, 2015					December 31, 2014
CTU	$	74,449				$	73,458
AIU		53,071					51,755
Total University Group		127,520					125,213
Corporate and Other		274,059					332,672
Transitional Group		21,123					37,355
Subtotal		422,702					495,240
Assets held for sale		66,541					76,846
Discontinued Operations		1,133					1,448
Total	$	490,376				$	573,534

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