Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017		December 31, 2016
Cash and cash equivalents	$	197,898	$	169,180
Receivables, net	83,045		61,800
Property and equipment, net	830,408		790,169
Goodwill	159,042		147,910
Tradenames	156,746		154,286
Other assets	122,201		108,153
Total assets held for sale	$	1,549,340	$	1,431,498
Deferred revenue and student deposits	$	223,163	$	184,429
Long-term debt, including current portion	319,473		351,124
Other liabilities	314,680		293,921
Total liabilities held for sale	$	857,316	$	829,474

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

For the year ended December 31,	2017			2016			2015
Revenues	$	992,113		$	942,329		$	891,885
Depreciation and amortization	60,409			65,073			72,941
Share-based compensation expense	2,944			2,957			3,178
Other direct costs	780,490			758,617			737,881
Loss on impairment of assets	33,476			23,465			—
Operating income	114,794			92,217			77,885
Other non-operating expense	(17,373		)	(28,210		)	(47,164		)
Pretax income of discontinued operations	97,421			64,007			30,721
Income tax expense	(24,495		)	(30,561		)	(22,367		)
Income from discontinued operations, net of tax	$	72,926		$	33,446		$	8,354
Operating cash flows of discontinued operations	$	120,026		$	105,858		$	88,241
Investing cash flows of discontinued operations	$	(81,484	)	$	(47,935	)	$	(70,508	)
Financing cash flows of discontinued operations	$	(78,014	)	$	(35,127	)	$	97,605