XML 42 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
6 Months Ended
Jun. 30, 2014
Summary of Financial Information by Operating Segment
A summary of financial information by operating segment is as follows (unaudited):
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2014
   
2013
   
2014
   
2013
 
   
(In thousands)
   
(In thousands)
 
Revenues:
                       
American Public Education Segment
  $ 78,295     $ 80,925     $ 159,644     $ 164,765  
Hondros College of Nursing Segment
    7,168             14,372        
Total Revenues
  $ 85,463     $ 80,925     $ 174,016     $ 164,765  
Income from continuing operations before interest income and income taxes:
                               
American Public Education Segment
  $ 15,052     $ 17,203     $ 31,079     $ 35,413  
Hondros College of Nursing Segment
    783             1,481        
Total income from continuing operations before interest income and income taxes
  $ 15,835     $ 17,203     $ 32,560     $ 35,413  
Depreciation and Amortization:
                               
American Public Education Segment
  $ 3,654     $ 3,312     $ 7,219     $ 6,519  
Hondros College of Nursing Segment
    304             628        
Total Depreciation and Amortization
  $ 3,958     $ 3,312     $ 7,847     $ 6,519  
Capital Expenditures:
                               
American Public Education Segment
  $ 4,392     $ 4,974     $ 8,980     $ 10,921  
Hondros College of Nursing Segment
    211             235        
Total Capital Expenditures
  $ 4,603     $ 4,974     $ 9,215     $ 10,921  
Summary of Company's Consolidated Assets by Reportable Segment
A summary of the Company’s consolidated assets by reportable segment is as follows (unaudited):
 
   
Six Months Ended June 30,
   
2014
   
2013
 
   
(In thousands)
Assets
           
American Public Education Segment
  $ 221,576     $ 250,425  
Hondros College of Nursing Segment
    51,163        
Total Assets
  $ 272,739     $ 250,425