Guarantor Subsidiaries Financial Information Guarantor Subsidiaries Financial Information (Tables)

12 Months Ended

Jun. 30, 2012

Gurantor Subsidiaries Financial Information [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATED BALANCE SHEET

June 30, 2012 (In thousands)

	EM LLC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			EM LLC Consolidated			EDMC			Eliminations			EDMC Consolidated
Assets
Current:
Cash and cash equivalents	$	(26,249	)	$	98		$	213,960		$	—		$	187,809		$	3,199		$	—		$	191,008
Restricted cash	42,931			—			224,949			—			267,880			—			—			267,880
Student and other receivables, net	4,149			153			216,284			—			220,586			(1		)	—			220,585
Inventories	—			159			8,223			—			8,382			—			—			8,382
Other current assets	35,543			660			113,660			—			149,863			—			—			149,863
Total current assets	56,374			1,070			777,076			—			834,520			3,198			—			837,718
Property and equipment, net	72,279			7,846			571,672			—			651,797			—			—			651,797
Intangible assets, net	2,031			39			327,959			—			330,029			—			—			330,029
Goodwill	7,328			—			956,222			—			963,550			—			—			963,550
Intercompany balances	1,059,102			(26,456		)	(1,181,164		)	—			(148,518		)	148,518			—			—
Other long-term assets	15,276			—			40,724			—			56,000			1			—			56,001
Investment in subsidiaries	826,651			—			—			(826,651		)	—			344,742			(344,742		)	—
Total assets	$	2,039,041		$	(17,501	)	$	1,492,489		$	(826,651	)	$	2,687,378		$	496,459		$	(344,742	)	$	2,839,095
Liabilities and shareholders’ equity (deficit)
Current:
Current portion of long-term debt and revolving credit facility	$	123,150		$	—		$	226		$	—		$	123,376		$	—		$	—		$	123,376
Other current liabilities	63,935			8,319			338,378			—			410,632			(3		)	—			410,629
Total current liabilities	187,085			8,319			338,604			—			534,008			(3		)	—			534,005
Long-term debt, less current portion	1,453,234			—			234			—			1,453,468			—			—			1,453,468
Other long-term liabilities	52,450			374			190,465			—			243,289			2			—			243,291
Deferred income taxes	1,530			515			109,826			—			111,871			(104		)	—			111,767
Total liabilities	1,694,299			9,208			639,129			—			2,342,636			(105		)	—			2,342,531
Total shareholders’ equity (deficit)	344,742			(26,709		)	853,360			(826,651		)	344,742			496,564			(344,742		)	496,564
Total liabilities and shareholders’ equity (deficit)	$	2,039,041		$	(17,501	)	$	1,492,489		$	(826,651	)	$	2,687,378		$	496,459		$	(344,742	)	$	2,839,095

CONDENSED CONSOLIDATED BALANCE SHEET

June 30, 2011 (In thousands)

	EM LLC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			EM LLC Consolidated			EDMC			Eliminations			EDMC Consolidated
Assets
Current:
Cash and cash equivalents	$	(16,816	)	$	270		$	369,637		$	—		$	353,091		$	50,133		$	—		$	403,224
Restricted cash	30,685			—			16,828			—			47,513			—			—			47,513
Student and other receivables, net	3,758			78			169,121			—			172,957			—			—			172,957
Inventories	(296		)	172			9,718			—			9,594			—			—			9,594
Other current assets	25,229			586			110,432			—			136,247			—			—			136,247
Total current assets	42,560			1,106			675,736			—			719,402			50,133			—			769,535
Property and equipment, net	71,417			7,552			613,632			—			692,601			—			—			692,601
Intangible assets, net	2,300			51			460,036			—			462,387			—			—			462,387
Goodwill	7,328			—			2,574,671			—			2,581,999			—			—			2,581,999
Intercompany balances	1,206,218			(29,516		)	(1,364,228		)	—			(187,526		)	187,526			—			—
Other long-term assets	30,229			—			16,384			—			46,613			—			—			46,613
Investment in subsidiaries	2,189,687			—			—			(2,189,687		)	—			1,866,158			(1,866,158		)	—
Total assets	$	3,549,739		$	(20,807	)	$	2,976,231		$	(2,189,687	)	$	4,315,476		$	2,103,817		$	(1,866,158	)	$	4,553,135
Liabilities and shareholders’ equity (deficit)
Current:
Current portion of long-term debt and revolving credit facility	$	90,850		$	—		$	226		$	—		$	91,076		$	—		$	—		$	91,076
Other current liabilities	94,837			3,517			347,514			—			445,868			(3		)	—			445,865
Total current liabilities	185,687			3,517			347,740			—			536,944			(3		)	—			536,941
Long-term debt, less current portion	1,466,277			—			497			—			1,466,774			—			—			1,466,774
Other long-term liabilities	42,841			433			181,426			—			224,700			—			—			224,700
Deferred income taxes	(11,224		)	265			231,859			—			220,900			(124		)	—			220,776
Total liabilities	1,683,581			4,215			761,522			—			2,449,318			(127		)	—			2,449,191
Total shareholders’ equity (deficit)	1,866,158			(25,022		)	2,214,709			(2,189,687		)	1,866,158			2,103,944			(1,866,158		)	2,103,944
Total liabilities and shareholders’ equity (deficit)	$	3,549,739		$	(20,807	)	$	2,976,231		$	(2,189,687	)	$	4,315,476		$	2,103,817		$	(1,866,158	)	$	4,553,135

C

Schedule of Condensed Income Statement [Table Text Block]

CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS

For the Fiscal Year Ended June 30, 2012 (In thousands)

	EM LLC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			EM LLC Consolidated			EDMC			Eliminations			EDMC Consolidated
Net revenues	$	—		$	9,000		$	2,751,967		$	—		$	2,760,967		$	—		$	—		$	2,760,967
Costs and expenses:
Educational services	93,322			10,554			1,400,502			—			1,504,378			—			—			1,504,378
General and administrative	(82,634		)	(352		)	843,551			—			760,565			276			—			760,841
Depreciation and amortization	26,637			500			131,526			—			158,663			—			—			158,663
Goodwill and indefinite lived intangible asset impairments	—			—			1,746,765			—			1,746,765			—			—			1,746,765
Total costs and expenses	37,325			10,702			4,122,344			—			4,170,371			276			—			4,170,647
Loss before loss on extinguishment of debt, interest and income taxes	(37,325		)	(1,702		)	(1,370,377		)	—			(1,409,404		)	(276		)	—			(1,409,680		)
Interest (income) expense, net	107,772			—			2,565			—			110,337			(7		)	—			110,330
Loss on extinguishment of debt	9,474			—			—			—			9,474			—			—			9,474
Deficit in loss of subsidiaries	1,362,378			—			—			(1,362,378		)	—			1,515,569			(1,515,569		)	—
Loss before income taxes	(1,516,949		)	(1,702		)	(1,372,942		)	1,362,378			(1,529,215		)	(1,515,838		)	1,515,569			(1,529,484		)
Provision for income taxes (benefit) expense	(1,380		)	(15		)	(12,251		)	—			(13,646		)	(97		)	—			(13,743		)
Net loss	$	(1,515,569	)	$	(1,687	)	$	(1,360,691	)	$	1,362,378		$	(1,515,569	)	$	(1,515,741	)	$	1,515,569		$	(1,515,741	)
Net change in unrecognized loss on interest rate swaps, net of tax	$	(5,189	)	$	—		$	—		$	—		$	(5,189	)	$	(5,189	)	$	5,189		$	(5,189	)
Foreign currency translation loss	(658		)	—			(658		)	658			(658		)	(658		)	658			(658		)
Other comprehensive loss	(5,847		)	—			(658		)	658			(5,847		)	(5,847		)	5,847			(5,847		)
Comprehensive loss	$	(1,521,416	)	$	(1,687	)	$	(1,361,349	)	$	1,363,036		$	(1,521,416	)	$	(1,521,588	)	$	1,521,416		$	(1,521,588	)

CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Fiscal Year Ended June 30, 2011 (In thousands)

	EM LLC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			EM LLC Consolidated		EDMC			Eliminations			EDMC Consolidated
Net revenues	$	—		$	5,920		$	2,881,709	$	—		$	2,887,629	$	—		$	—		$	2,887,629
Costs and expenses:
Educational services	77,100			30,852			1,372,823		—			1,480,775		1			—			1,480,776
General and administrative	(112,066		)	(2,524		)	873,461		—			758,871		228			—			759,099
Depreciation and amortization	24,668			342			121,471		—			146,481		(1		)	—			146,480
Total costs and expenses	(10,298		)	28,670			2,367,755		—			2,386,127		228			—			2,386,355
Income (loss) before loss on extinguishment of debt, interest and income taxes	10,298			(22,750		)	513,954		—			501,502		(228		)	—			501,274
Interest (income) expense, net	121,581			(3,305		)	2,464		—			120,740		(46		)	—			120,694
Loss on extinguishment of debt	11,368			—			—		—			11,368		—			—			11,368
Equity in earnings of subsidiaries	(305,846		)	—			—		305,846			—		(229,609		)	229,609			—
Income (loss) before income taxes	183,195			(19,445		)	511,490		(305,846		)	369,394		229,427			(229,609		)	369,212
Provision for income taxes (benefit) expense	(46,414		)	(7,358		)	193,557		—			139,785		(81		)	—			139,704
Net income (loss)	229,609			(12,087		)	317,933		(305,846		)	229,609		229,508			(229,609		)	229,508
Net change in unrecognized loss on interest rate swaps, net of tax	$	8,901		$	—		$	—	$	—		$	8,901	$	8,901		$	(8,901	)	$	8,901
Foreign currency translation gain	1,165			—			1,165		(1,165		)	1,165		1,165			(1,165		)	1,165
Other comprehensive income	10,066			—			1,165		(1,165		)	10,066		10,066			(10,066		)	10,066
Comprehensive income (loss)	$	239,675		$	(12,087	)	$	319,098	$	(307,011	)	$	239,675	$	239,574		$	(239,675	)	$	239,574

CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Fiscal Year Ended June 30, 2010 (In thousands)

	EM LLC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			EM LLC Consolidated		EDMC			Eliminations			EDMC Consolidated
Net revenues	$	—		$	(3,178	)	$	2,511,699	$	—		$	2,508,521	$	—		$	—		$	2,508,521
Costs and expenses:
Educational services	60,658			(684		)	1,207,132		—			1,267,106		—			—			1,267,106
General and administrative	(94,146		)	(573		)	761,682		—			666,963		228			—			667,191
Management fees paid to affiliates	32,055			—			—		—			32,055		—			—			32,055
Depreciation and amortization	18,936			243			104,180		—			123,359		—			—			123,359
Total costs and expenses	17,503			(1,014		)	2,072,994		—			2,089,483		228			—			2,089,711
Income (loss) before loss on extinguishment of debt, interest and income taxes	(17,503		)	(2,164		)	438,705		—			419,038		(228		)	—			418,810
Interest expense (income), net	120,309			(1,649		)	2,854		—			121,514		(58		)	—			121,456
Loss on extinguishment of debt	47,207			—			—		—			47,207		—			—			47,207
Equity in earnings of subsidiaries	(293,212		)	—			—		293,212			—		(168,596		)	168,596			—
Income (loss) before income taxes	108,193			(515		)	435,851		(293,212		)	250,317		168,426			(168,596		)	250,147
Provision for income taxes (benefit) expense	(60,403		)	(168		)	142,292		—			81,721		(80		)	—			81,641
Net income (loss)	$	168,596		$	(347	)	$	293,559	$	(293,212	)	$	168,596	$	168,506		$	(168,596	)	$	168,506
Net change in unrecognized loss on interest rate swaps, net of tax	$	12,914		$	—		$	—	$	—		$	12,914	$	12,914		$	(12,914	)	$	12,914
Foreign currency translation gain	458			—			458		(458		)	458		458			(458		)	458
Other comprehensive income	13,372			—			458		(458		)	13,372		13,372			(13,372		)	13,372
Comprehensive income (loss)	$	181,968		$	(347	)	$	294,017	$	(293,670	)	$	181,968	$	181,878		$	(181,968	)	$	181,878

Schedule of Condensed Cash Flow Statement [Table Text Block]

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

For the Fiscal Year Ended June 30, 2012 (In thousands)

	EM LLC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			EM LLC Consolidated			EDMC			EDMC Consolidated
Net cash flows provided by (used in) operations	$	(35,071	)	$	4,015		$	17,140		$	(13,916	)	$	3,066		$	(10,850	)
Cash flows from investing activities:
Expenditures for long-lived assets	(10,373		)	(1,127		)	(82,046		)	(93,546		)	—			(93,546		)
Other investing activities	(375		)	—			(14,932		)	(15,307		)	—			(15,307		)
Net cash flows used in investing activities	(10,748		)	(1,127		)	(96,978		)	(108,853		)	—			(108,853		)
Cash flows from financing activities:
Net repayments of debt and other	9,610			—			(263		)	9,347			—			9,347
Common stock repurchased and stock option exercises	—			—			—			—			(101,455		)	(101,455		)
Intercompany transactions	26,776			(3,060		)	(75,171		)	(51,455		)	51,455			—
Net cash flows provided by (used in) financing activities	36,386			(3,060		)	(75,434		)	(42,108		)	(50,000		)	(92,108		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(405		)	(405		)	—			(405		)
Decrease in cash and cash equivalents	(9,433		)	(172		)	(155,677		)	(165,282		)	(46,934		)	(212,216		)
Beginning cash and cash equivalents	(16,816		)	270			369,637			353,091			50,133			403,224
Ending cash and cash equivalents	$	(26,249	)	$	98		$	213,960		$	187,809		$	3,199		$	191,008

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

For the Fiscal Year Ended June 30, 2011 (In thousands)

	EM LLC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			EM LLC Consolidated			EDMC			EDMC Consolidated
Net cash flows provided by (used in) operations	$	(99,516	)	$	33,747		$	463,676		$	397,907		$	1,826		$	399,733
Cash flows from investing activities
Expenditures for long-lived assets	(14,143		)	(1,496		)	(122,466		)	(138,105		)	—			(138,105		)
Other investing activities	—			—			(23,107		)	(23,107		)	—			(23,107		)
Net cash flows used in investing activities	(14,143		)	(1,496		)	(145,573		)	(161,212		)	—			(161,212		)
Cash flows from financing activities
Net repayments of debt and other	11,615			—			(358		)	11,257			—			11,257
Common stock repurchased and stock option exercises	—			—			—			—			(220,416		)	(220,416		)
Intercompany transactions	73,706			(32,295		)	(261,827		)	(220,416		)	220,416			—
Net cash flows provided by (used in) financing activities	85,321			(32,295		)	(262,185		)	(209,159		)	—			(209,159		)
Effect of exchange rate changes on cash and cash equivalents	—			—			316			316			—			316
Increase (decrease) in cash and cash equivalents	(28,338		)	(44		)	56,234			27,852			1,826			29,678
Beginning cash and cash equivalents	11,522			314			313,403			325,239			48,307			373,546
Ending cash and cash equivalents	$	(16,816	)	$	270		$	369,637		$	353,091		$	50,133		$	403,224

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

For the Fiscal Year Ended June 30, 2010 (In thousands)

	EM LLC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			EM LLC Consolidated			EDMC			EDMC Consolidated
Net cash flows provided by (used in) operations	$	(85,735	)	$	(40,919	)	$	431,407		$	304,753		$	2,362		$	307,115
Cash flows from investing activities
Expenditures for long-lived assets	(16,783		)	(1,801		)	(157,198		)	(175,782		)	—			(175,782		)
Other investing activities	—			—			(14,416		)	(14,416		)	—			(14,416		)
Net cash flows used in investing activities	(16,783		)	(1,801		)	(171,614		)	(190,198		)	—			(190,198		)
Cash flows from financing activities
Net repayments of debt and other	(493,206		)	—			(730		)	(493,936		)	—			(493,936		)
Issuance of common stock net of repurchases for treasury	—			—			—			—			387,494			387,494
Intercompany transactions	591,457			42,553			(250,700		)	383,310			(383,310		)	—
Net cash flows provided by (used in) financing activities	98,251			42,553			(251,430		)	(110,626		)	4,184			(106,442		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(247		)	(247		)	—			(247		)
Increase in cash and cash equivalents	(4,267		)	(167		)	8,116			3,682			6,546			10,228
Beginning cash and cash equivalents	15,789			481			305,287			321,557			41,761			363,318
Ending cash and cash equivalents	$	11,522		$	314		$	313,403		$	325,239		$	48,307		$	373,546