Segment Information

3 Months Ended

Mar. 31, 2015

Segment Information

Note 7. Segment Information

The Company has identified two operating segments that are managed in the following reportable segments:

●American Public Education Segment, or APEI Segment

●Hondros College of Nursing Segment, or HCON Segment

In accordance with FASB ASC Topic 280, Segment Reporting, the chief operating decision-maker has been identified as the Chief Executive Officer. The Chief Executive Officer reviews operating results to make decisions about allocating resources and assessing performance for the APEI and HCON segments.

A summary of financial information by reportable segment is as follows (unaudited):

	Three Months Ended March 31,
	2015		2014
	(In thousands)
Revenue:
American Public Education Segment	$	77,452	$	81,349
Hondros College of Nursing Segment		7,992		7,204
Total Revenue	$	85,444	$	88,553
Depreciation and Amortization:
American Public Education Segment	$	4,315	$	3,565
Hondros College of Nursing Segment		274		324
Total Depreciation and Amortization	$	4,589	$	3,889
Income from continuing operations before interest income and income taxes:
American Public Education Segment	$	13,316	$	16,027
Hondros College of Nursing Segment		1,155		698
Total income from continuing operations before interest income and income taxes	$	14,471		16,725
Capital Expenditures:
American Public Education Segment	$	5,247	$	4,588
Hondros College of Nursing Segment		41		24
Total Capital Expenditures	$	5,288	$	4,612

A summary of the Company’s consolidated assets by reportable segment is as follows (unaudited):

	Three Months Ended March 31,
	2015		2014
	(In thousands)
Assets:
American Public Education Segment	$	247,367	$	230,807
Hondros College of Nursing Segment		53,140		51,450
Total Assets	$	300,507	$	282,257