Discontinued Operations and Assets Held for Sale (Tables)

3 Months Ended

Mar. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

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

Summarized operating results and cash flows of the Discontinued Operations are presented in the following tables:

For the three months ended March 31,	2019			2018
Revenues	$	202,616		$	253,072
Depreciation and amortization	—			10,793
Share-based compensation expense	162			321
Other direct costs	139,648			176,799
Operating income	62,806			65,159
Other non-operating income	3,118			76
Pretax income of discontinued operations	65,924			65,235
Income tax expense	(9,350		)	(46,382		)
Income from discontinued operations, net of tax	$	56,574		$	18,853
Operating cash flows of discontinued operations	$	16,124		$	20,682
Investing cash flows of discontinued operations	$	(7,410	)	$	(11,253	)
Financing cash flows of discontinued operations	$	(15,473	)	$	(5,421	)

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

	March 31, 2019		December 31, 2018
Assets of Discontinued Operations
Cash and cash equivalents	$	215,599	$	214,934
Receivables, net	55,295		38,588
Property and equipment, net	558,226		667,527
Goodwill	72,990		131,329
Tradenames	94,235		124,932
Operating lease right-of-use assets, net	122,913		—
Other assets	82,235		99,566
Subtotal: assets of Discontinued Operations	$	1,201,493	$	1,276,876
Other assets classified as held for sale: UniNorte Brazil
Receivables, net	$	7,435	$	6,983
Property and equipment, net	14,248		16,726
Goodwill	15,243		15,165
Tradenames	8,188		8,146
Operating lease right-of-use assets, net	18,652		—
Other assets	4,603		13,935
Subtotal: other assets classified as held for sale	$	68,369	$	60,955
Total assets held for sale	$	1,269,862	$	1,337,831

	March 31, 2019		December 31, 2018
Liabilities of Discontinued Operations
Deferred revenue and student deposits	$	99,759	$	115,969
Operating leases, including current portion	132,720		—
Long-term debt and finance leases, including current portion	183,365		278,074
Other liabilities	248,810		253,397
Subtotal: liabilities of Discontinued Operations	$	664,654	$	647,440
Other liabilities classified as held for sale: UniNorte Brazil
Deferred revenue and student deposits	$	2,553	$	469
Operating leases, including current portion	11,594		—
Long-term debt and finance leases, including current portion	2,493		5,370
Other liabilities	8,406		9,405
Subtotal: other liabilities classified as held for sale	$	25,046	$	15,244
Total liabilities held for sale	$	689,700	$	662,684