XML 86 R47.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Reporting (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Segment Reporting Information [Line Items]        
Total interest income $ 160,237 $ 151,668 $ 476,939 $ 457,864
Interest expense 55,315 66,402 171,800 203,175
Net interest income 104,922 85,266 305,139 254,689
Less provision for loan losses (5,000) (5,000) (15,000) (18,000)
Net interest income after provision for loan losses 99,922 80,266 290,139 236,689
Other income (expense):        
Loan and guaranty servicing revenue 64,582 53,285 180,261 155,164
Intersegment servicing revenue 0 0 0 0
Tuition payment processing and campus commerce revenue 19,927 17,928 61,694 56,675
Enrollment services revenue 22,563 30,661 76,343 92,035
Other income 8,613 12,699 30,317 32,453
Gain on sale of loans and debt repurchases 2,138 195 10,900 1,130
Derivative market value and foreign currency adjustments, net (9,960) (26,224) 47,841 (61,163)
Derivative settlements, net (6,688) (5,051) (23,229) (6,910)
Total other income (expense) 101,175 83,493 384,127 269,384
Operating expenses:        
Salaries and benefits 48,712 46,395 144,049 144,193
Cost to provide enrollment services 14,668 20,151 51,097 62,203
Depreciation and amortization 4,340 8,402 13,037 24,764
Other 39,887 29,989 109,193 93,160
Intersegment expenses, net 0 0 0 0
Total operating expenses 107,607 104,937 317,376 324,320
Income (loss) before income taxes and corporate overhead allocation 93,490 58,822 356,890 181,753
Corporate overhead allocation 0 0 0 0
Income (loss) before income taxes 93,490 58,822 356,890 181,753
Income tax (expense) benefit (30,444) (21,870) (123,637) (59,978)
Net income (loss) 63,046 36,952 233,253 121,775
Net income attributable to noncontrolling interest 216 124 1,101 412
Net income (loss) attributable to Nelnet, Inc. 62,830 36,828 232,152 121,363
Student Loan and Guaranty Servicing [Member]
       
Segment Reporting Information [Line Items]        
Total interest income 10 12 29 44
Interest expense 0 0 0 0
Net interest income 10 12 29 44
Less provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 10 12 29 44
Other income (expense):        
Loan and guaranty servicing revenue 64,582 53,285 180,261 155,164
Intersegment servicing revenue 13,519 15,855 42,375 49,210
Tuition payment processing and campus commerce revenue 0 0 0 0
Enrollment services revenue 0 0 0 0
Other income 0 0 0 0
Gain on sale of loans and debt repurchases 0 0 0 0
Derivative market value and foreign currency adjustments, net 0 0 0 0
Derivative settlements, net 0 0 0 0
Total other income (expense) 78,101 69,140 222,636 204,374
Operating expenses:        
Salaries and benefits 29,719 27,716 86,254 85,663
Cost to provide enrollment services 0 0 0 0
Depreciation and amortization 2,677 4,691 8,197 13,629
Other 19,752 16,775 56,173 52,980
Intersegment expenses, net 1,457 1,262 3,243 3,832
Total operating expenses 53,605 50,444 153,867 156,104
Income (loss) before income taxes and corporate overhead allocation 24,506 18,708 68,798 48,314
Corporate overhead allocation (1,822) (1,337) (4,332) (4,115)
Income (loss) before income taxes 22,684 17,371 64,466 44,199
Income tax (expense) benefit (8,620) (6,601) (24,498) (16,796)
Net income (loss) 14,064 10,770 39,968 27,403
Net income attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Nelnet, Inc. 14,064 10,770 39,968 27,403
Tuition Payment Processing and Campus Commerce [Member]
       
Segment Reporting Information [Line Items]        
Total interest income 0 3 0 8
Interest expense 0 0 0 0
Net interest income 0 3 0 8
Less provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 0 3 0 8
Other income (expense):        
Loan and guaranty servicing revenue 0 0 0 0
Intersegment servicing revenue 0 0 0 0
Tuition payment processing and campus commerce revenue 19,927 17,928 61,694 56,675
Enrollment services revenue 0 0 0 0
Other income 0 0 0 0
Gain on sale of loans and debt repurchases 0 0 0 0
Derivative market value and foreign currency adjustments, net 0 0 0 0
Derivative settlements, net 0 0 0 0
Total other income (expense) 19,927 17,928 61,694 56,675
Operating expenses:        
Salaries and benefits 9,229 8,578 28,015 25,771
Cost to provide enrollment services 0 0 0 0
Depreciation and amortization 1,117 1,703 3,387 5,174
Other 1,908 2,285 6,387 7,557
Intersegment expenses, net 1,431 1,379 4,350 4,042
Total operating expenses 13,685 13,945 42,139 42,544
Income (loss) before income taxes and corporate overhead allocation 6,242 3,986 19,555 14,139
Corporate overhead allocation (607) (446) (1,443) (1,372)
Income (loss) before income taxes 5,635 3,540 18,112 12,767
Income tax (expense) benefit (2,141) (1,345) (6,882) (4,851)
Net income (loss) 3,494 2,195 11,230 7,916
Net income attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Nelnet, Inc. 3,494 2,195 11,230 7,916
Enrollment Services [Member]
       
Segment Reporting Information [Line Items]        
Total interest income 0 0 0 0
Interest expense 0 0 0 0
Net interest income 0 0 0 0
Less provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 0 0 0 0
Other income (expense):        
Loan and guaranty servicing revenue 0 0 0 0
Intersegment servicing revenue 0 0 0 0
Tuition payment processing and campus commerce revenue 0 0 0 0
Enrollment services revenue 22,563 30,661 76,343 92,035
Other income 0 0 0 0
Gain on sale of loans and debt repurchases 0 0 0 0
Derivative market value and foreign currency adjustments, net 0 0 0 0
Derivative settlements, net 0 0 0 0
Total other income (expense) 22,563 30,661 76,343 92,035
Operating expenses:        
Salaries and benefits 4,491 5,147 15,067 17,587
Cost to provide enrollment services 14,668 20,151 51,097 62,203
Depreciation and amortization 57 1,633 179 4,867
Other 1,556 1,782 4,450 5,483
Intersegment expenses, net 1,139 1,000 3,418 2,824
Total operating expenses 21,911 29,713 74,211 92,964
Income (loss) before income taxes and corporate overhead allocation 652 948 2,132 (929)
Corporate overhead allocation (607) (446) (1,443) (1,372)
Income (loss) before income taxes 45 502 689 (2,301)
Income tax (expense) benefit (17) (191) (261) 874
Net income (loss) 28 311 428 (1,427)
Net income attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Nelnet, Inc. 28 311 428 (1,427)
Total Fee-Based [Member]
       
Segment Reporting Information [Line Items]        
Total interest income 10 15 29 52
Interest expense 0 0 0 0
Net interest income 10 15 29 52
Less provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 10 15 29 52
Other income (expense):        
Loan and guaranty servicing revenue 64,582 53,285 180,261 155,164
Intersegment servicing revenue 13,519 15,855 42,375 49,210
Tuition payment processing and campus commerce revenue 19,927 17,928 61,694 56,675
Enrollment services revenue 22,563 30,661 76,343 92,035
Other income 0 0 0 0
Gain on sale of loans and debt repurchases 0 0 0 0
Derivative market value and foreign currency adjustments, net 0 0 0 0
Derivative settlements, net 0 0 0 0
Total other income (expense) 120,591 117,729 360,673 353,084
Operating expenses:        
Salaries and benefits 43,439 41,441 129,336 129,021
Cost to provide enrollment services 14,668 20,151 51,097 62,203
Depreciation and amortization 3,851 8,027 11,763 23,670
Other 23,216 20,842 67,010 66,020
Intersegment expenses, net 4,027 3,641 11,011 10,698
Total operating expenses 89,201 94,102 270,217 291,612
Income (loss) before income taxes and corporate overhead allocation 31,400 23,642 90,485 61,524
Corporate overhead allocation (3,036) (2,229) (7,218) (6,859)
Income (loss) before income taxes 28,364 21,413 83,267 54,665
Income tax (expense) benefit (10,778) (8,137) (31,641) (20,773)
Net income (loss) 17,586 13,276 51,626 33,892
Net income attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Nelnet, Inc. 17,586 13,276 51,626 33,892
Asset Generation and Management [Member]
       
Segment Reporting Information [Line Items]        
Total interest income 158,793 150,661 472,622 455,413
Interest expense 56,100 64,829 170,502 199,675
Net interest income 102,693 85,832 302,120 255,738
Less provision for loan losses (5,000) (5,000) (15,000) (18,000)
Net interest income after provision for loan losses 97,693 80,832 287,120 237,738
Other income (expense):        
Loan and guaranty servicing revenue 0 0 0 0
Intersegment servicing revenue 0 0 0 0
Tuition payment processing and campus commerce revenue 0 0 0 0
Enrollment services revenue 0 0 0 0
Other income 3,981 5,834 11,207 14,415
Gain on sale of loans and debt repurchases 2,138 195 10,900 1,130
Derivative market value and foreign currency adjustments, net (12,660) (30,694) 35,711 (62,351)
Derivative settlements, net (6,432) (4,319) (21,816) (5,431)
Total other income (expense) (12,973) (28,984) 36,002 (52,237)
Operating expenses:        
Salaries and benefits 555 462 1,709 1,723
Cost to provide enrollment services 0 0 0 0
Depreciation and amortization 0 0 0 0
Other 7,939 3,451 23,375 10,203
Intersegment expenses, net 13,705 16,064 42,955 49,842
Total operating expenses 22,199 19,977 68,039 61,768
Income (loss) before income taxes and corporate overhead allocation 62,521 31,871 255,083 123,733
Corporate overhead allocation (1,302) (909) (3,095) (3,701)
Income (loss) before income taxes 61,219 30,962 251,988 120,032
Income tax (expense) benefit (23,263) (11,765) (95,755) (45,610)
Net income (loss) 37,956 19,197 156,233 74,422
Net income attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Nelnet, Inc. 37,956 19,197 156,233 74,422
Corporate Activity and Overhead [Member]
       
Segment Reporting Information [Line Items]        
Total interest income 2,201 1,891 6,708 5,226
Interest expense (18) 2,472 3,718 6,327
Net interest income 2,219 (581) 2,990 (1,101)
Less provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 2,219 (581) 2,990 (1,101)
Other income (expense):        
Loan and guaranty servicing revenue 0 0 0 0
Intersegment servicing revenue 0 0 0 0
Tuition payment processing and campus commerce revenue 0 0 0 0
Enrollment services revenue 0 0 0 0
Other income 4,632 6,865 19,110 18,038
Gain on sale of loans and debt repurchases 0 0 0 0
Derivative market value and foreign currency adjustments, net 2,700 4,470 12,130 1,188
Derivative settlements, net (256) (732) (1,413) (1,479)
Total other income (expense) 7,076 10,603 29,827 17,747
Operating expenses:        
Salaries and benefits 4,718 4,492 13,004 13,449
Cost to provide enrollment services 0 0 0 0
Depreciation and amortization 489 375 1,274 1,094
Other 8,732 5,696 18,808 16,937
Intersegment expenses, net (4,213) (3,850) (11,591) (11,330)
Total operating expenses 9,726 6,713 21,495 20,150
Income (loss) before income taxes and corporate overhead allocation (431) 3,309 11,322 (3,504)
Corporate overhead allocation 4,338 3,138 10,313 10,560
Income (loss) before income taxes 3,907 6,447 21,635 7,056
Income tax (expense) benefit 3,597 (1,968) 3,759 6,405
Net income (loss) 7,504 4,479 25,394 13,461
Net income attributable to noncontrolling interest 216 124 1,101 412
Net income (loss) attributable to Nelnet, Inc. 7,288 4,355 24,293 13,049
Eliminations [Member]
       
Segment Reporting Information [Line Items]        
Total interest income (767) (899) (2,420) (2,827)
Interest expense (767) (899) (2,420) (2,827)
Net interest income 0 0 0 0
Less provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 0 0 0 0
Other income (expense):        
Loan and guaranty servicing revenue 0 0 0 0
Intersegment servicing revenue (13,519) (15,855) (42,375) (49,210)
Tuition payment processing and campus commerce revenue 0 0 0 0
Enrollment services revenue 0 0 0 0
Other income 0 0 0 0
Gain on sale of loans and debt repurchases 0 0 0 0
Derivative market value and foreign currency adjustments, net 0 0 0 0
Derivative settlements, net 0 0 0 0
Total other income (expense) (13,519) (15,855) (42,375) (49,210)
Operating expenses:        
Salaries and benefits 0 0 0 0
Cost to provide enrollment services 0 0 0 0
Depreciation and amortization 0 0 0 0
Other 0 0 0 0
Intersegment expenses, net (13,519) (15,855) (42,375) (49,210)
Total operating expenses (13,519) (15,855) (42,375) (49,210)
Income (loss) before income taxes and corporate overhead allocation 0 0 0 0
Corporate overhead allocation 0 0 0 0
Income (loss) before income taxes 0 0 0 0
Income tax (expense) benefit 0 0 0 0
Net income (loss) 0 0 0 0
Net income attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Nelnet, Inc. $ 0 $ 0 $ 0 $ 0