ASSETS AND LIABILITIES OF DIVESTED COMPONENT AND DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Sep. 30, 2014

Assets and Liabilities of Business Held for Sale

The assets and liabilities of AAI are separately disclosed in the Consolidated Balance Sheets as of September 30, 2013. The following is a summary of balance sheet information of divested assets and liabilities at September 30, 2013 (dollars in thousands).

	September 30,
	2013
ASSETS:
Current Assets:
Cash and Cash Equivalents	$	(84)
Accounts Receivable, Net		12,192
Deferred Income Taxes, Net		3,053
Prepaid Expenses and Other		736
Fair Market Value Reserve		(10,844)
Total Current Assets of Divested Component		5,053
Other Assets:
Deferred Income Taxes, Net		1,509
Other Assets		3,715
Fair Market Value Reserve		(3,715)
Total Other Assets		1,509
Total Assets of Divested Component	$	6,562
LIABILITIES:
Current Liabilities:
Accounts Payable	$	279
Accrued Salaries, Wages and Benefits		415
Accrued Expenses		4
Deferred Tuition Revenue		1,483
Fair Market Value Reserve		(2,181)
Total Current Liabilities of Divested Component		-
Other Liabilities:
Deferred Rent and Other		41
Fair Market Value Reserve		(41)
Total Other Liabilities of Divested Component		-
Liabilities of Divested Component	$	-

Operating Results of the Discontinued Operations

The following is a summary of operating results of the discontinued operations for the three months ended September 30, 2013 (dollars in thousands).

	For the Three Months Ended September 30,
		2013
Loss from Operations of Divested Component	$	(2,847)
Asset Impairment Charge and Gain on Sale		(13,477)
Restructuring Expense		-
Income Tax Benefit		996
Loss from Discontinued Operations, Net of Income Taxes	$	(15,328)