Discontinued Operations and Assets Held for Sale (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Summary of major classes of assets and liabilities reclassified to held for sale

The carrying amounts of the major classes of assets and liabilities that were classified as held for sale are presented in the following table:

	December 31, 2018		December 31, 2017
Assets of Discontinued Operations
Cash and cash equivalents	$	214,934	$	197,898
Receivables, net	38,588		83,045
Property and equipment, net	667,527		830,408
Goodwill	131,329		159,042
Tradenames	124,932		156,746
Other assets	99,566		122,201
Subtotal: assets of Discontinued Operations	$	1,276,876	$	1,549,340
Other assets classified as Held for Sale: UniNorte Brazil
Receivables, net	$	6,983	$	—
Property and equipment, net	16,726		—
Goodwill	15,165		—
Tradenames	8,146		—
Other assets	13,935		—
Subtotal: other assets classified as held for sale	$	60,955	$	—
Total assets held for sale	$	1,337,831	$	1,549,340

	December 31, 2018		December 31, 2017
Liabilities of Discontinued Operations
Deferred revenue and student deposits	$	115,969	$	223,163
Long-term debt, including current portion	278,074		319,473
Other liabilities	253,397		314,680
Subtotal: liabilities of Discontinued Operations	$	647,440	$	857,316
Other liabilities classified as held for sale: UniNorte Brazil
Deferred revenue and student deposits	$	469	$	—
Long-term debt, including current portion	5,370		—
Other liabilities	9,405		—
Subtotal: other liabilities classified as held for sale	$	15,244	$	—
Total liabilities held for sale	$	662,684	$	857,316

Summarized operating results of the Discontinued Operations are presented in the following table:

For the year ended December 31,	2018			2017			2016
Revenues	$	869,670		$	992,113		$	942,329
Depreciation and amortization	26,515			60,409			65,073
Share-based compensation expense	1,053			2,944			2,957
Other direct costs	693,729			780,490			758,617
Loss on impairment of assets	—			33,476			23,465
Operating income	148,373			114,794			92,217
Other non-operating expense	(21,911		)	(17,373		)	(28,210		)
Pretax income of discontinued operations	126,462			97,421			64,007
Income tax expense	(47,382		)	(24,495		)	(30,561		)
Income from discontinued operations, net of tax	$	79,080		$	72,926		$	33,446
Operating cash flows of discontinued operations	$	171,209		$	121,259		$	106,752
Investing cash flows of discontinued operations	$	(71,397	)	$	(74,435	)	$	(46,790	)
Financing cash flows of discontinued operations	$	(16,774	)	$	(78,014	)	$	(35,127	)