Discontinued Operations and Assets Held for Sale (Tables)

6 Months Ended

Jun. 30, 2019

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 tables:

	June 30, 2019		December 31, 2018
Assets of Discontinued Operations
Cash and cash equivalents	$	123,224	$	214,934
Receivables, net	35,947		38,588
Property and equipment, net	292,129		667,527
Goodwill	13,362		131,329
Tradenames	17,170		124,932
Operating lease right-of-use assets, net	69,951		—
Other assets	58,879		99,566
Subtotal: assets of Discontinued Operations	$	610,662	$	1,276,876
Other assets classified as held for sale: UniNorte Brazil
Receivables, net	$	6,750	$	6,983
Property and equipment, net	14,366		16,726
Goodwill	15,379		15,165
Tradenames	8,261		8,146
Operating lease right-of-use assets, net	18,034		—
Other assets	7,573		13,935
Subtotal: other assets classified as held for sale	$	70,363	$	60,955
Total assets held for sale	$	681,025	$	1,337,831

	June 30, 2019		December 31, 2018
Liabilities of Discontinued Operations
Deferred revenue and student deposits	$	39,989	$	115,969
Operating leases, including current portion	75,542		—
Long-term debt and finance leases, including current portion	63,897		278,074
Other liabilities	96,093		253,397
Subtotal: liabilities of Discontinued Operations	$	275,521	$	647,440
Other liabilities classified as held for sale: UniNorte Brazil
Deferred revenue and student deposits	$	546	$	469
Operating leases, including current portion	11,641		—
Long-term debt and finance leases, including current portion	2,486		5,370
Other liabilities	12,827		9,405
Subtotal: other liabilities classified as held for sale	$	27,500	$	15,244
Total liabilities held for sale	$	303,021	$	662,684

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

For the three months ended June 30,	2019			2018
Revenues	$	147,947		$	230,721
Depreciation and amortization	—			9,517
Share-based compensation expense	106			427
Other direct costs	113,735			173,222
Operating income	34,106			47,555
Other non-operating income (expense)	3,436			(13,248		)
Pretax income of discontinued operations	37,542			34,307
Income tax (expense) benefit	(3,942		)	3,765
Income from discontinued operations, net of tax	$	33,600		$	38,072
For the six months ended June 30,	2019			2018
Revenues	$	350,563		$	483,793
Depreciation and amortization	—			20,310
Share-based compensation expense	269			747
Other direct costs	253,382			350,020
Operating income	96,912			112,716
Other non-operating income (loss)	6,554			(13,173		)
Pretax income of discontinued operations	103,466			99,543
Income tax expense	(13,292		)	(42,618		)
Income from discontinued operations, net of tax	$	90,174		$	56,925
Operating cash flows of discontinued operations	$	13,157		$	64,505
Investing cash flows of discontinued operations	$	(11,007	)	$	(22,031	)
Financing cash flows of discontinued operations	$	(25,712	)	$	(9,903	)