Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Discontinued Operations And Disposal Groups [Abstract]

Combined Summary Results Of Operations For Discontinued Operations

Combined summary results of operations for our discontinued operations for the years ended December 31, 2015, 2014 and 2013 were as follows (dollars in thousands):

	For the Year Ended December 31,
	2015			2014			2013 ⁽¹⁾
Revenue	$	(20	)	$	4,708		$	177,791
Operating expenses:
Educational services and facilities	$	1,211		$	25,152		$	139,479
General and administrative		910			13,282			83,096
Depreciation and amortization		-			2,073			10,913
Asset impairment		-			68			1,044
Total operating expenses	$	2,121		$	40,575		$	234,532

Pretax (loss) income	$	(2,128	)	$	(35,601	)	$	73,493
Income tax (benefit) provision		(997	)		-			68,477
(Loss) income from discontinued operations, net of tax	$	(1,131	)	$	(35,601	)	$	5,016
Net (loss) income per diluted share	$	(0.02	)	$	(0.53	)	$	0.08
Capital expenditures	$	-		$	-		$	6,128

(1)	The income tax expense associated with the gain on sale of our International Segment approximates $87.9 million.

Assets And Liabilities Of Discontinued Operations On Consolidated Balance Sheets

Assets and liabilities of discontinued operations on our consolidated balance sheets as of December 31, 2015 and 2014 include the following (dollars in thousands):

	As of December 31,
	2015		2014
Assets:
Current assets:
Receivables, net	$	254	$	473
Total current assets		254		473
Non-current assets:
Other assets, net		720		975
Deferred income tax assets, net		8,091		-
Total assets of discontinued operations	$	9,065	$	1,448
Liabilities:
Current liabilities:
Accounts payable and accrued expenses	$	528	$	579
Remaining lease obligations		12,539		14,927
Total current liabilities		13,067		15,506
Non-current liabilities:
Remaining lease obligations		9,212		22,689
Other		164		170
Total liabilities of discontinued operations	$	22,443	$	38,365

Changes In Future Remaining Lease Obligations Discontinued Operations

Changes in our future remaining lease obligations, which are reflected within current and non-current liabilities of discontinued operations on our consolidated balance sheets, for the years ended December 31, 2015, 2014 and 2013 were as follows (dollars in thousands):

	Balance, Beginning of Period		Charges Incurred ⁽¹⁾			Net Cash Payments ⁽²⁾			Other ⁽³⁾		Balance, End of Period
For the twelve months ended December 31, 2015	$	37,616	$	(342	)	$	(15,523	)	$	-	$	21,751
For the twelve months ended December 31, 2014	$	44,084	$	13,676		$	(24,854	)	$	4,710	$	37,616
For the twelve months ended December 31, 2013	$	46,298	$	11,181		$	(13,700	)	$	305	$	44,084

(1)	Includes charges for newly vacated spaces and subsequent adjustments for accretion, revised estimates, and variances between estimated and actual charges, net of any reversals for terminated lease obligations.

(2)	See Note 9 “Leases” for the future minimum lease payments under operating leases for discontinued operations as of December 31, 2015.

(3)	Includes existing prepaid rent and deferred rent liability balances for newly vacated spaces that are netted with the losses incurred in the period recorded.