Discontinued Operations and Assets Held for Sale (Tables)

3 Months Ended

Mar. 31, 2020

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,	2020		2019
Revenues	$	33,246	$	223,340
Depreciation and amortization	—		435
Share-based compensation expense	3		162
Loss on impairment of assets	—		—
Other direct costs	27,548		152,437
Operating income	5,695		70,306
Other non-operating (loss) income	(8,017)		3,164
Pretax (loss) income of discontinued operations	(2,322)		73,470
Income tax expense	(1,482)		(10,141)
(Loss) income from discontinued operations, net of tax	$	(3,804)	$	63,329
Operating cash flows of discontinued operations	$	5,911	$	19,197
Investing cash flows of discontinued operations	$	(200)	$	(7,873)
Financing cash flows of discontinued operations	$	(691)	$	(15,507)

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, 2020		December 31, 2019
Assets of Discontinued Operations
Cash and cash equivalents	$	46,839	$	55,401
Receivables, net	18,652		14,762
Property and equipment, net	131,058		182,530
Goodwill	9,447		9,753
Tradenames	6,810		6,890
Operating lease right-of-use assets, net	26,547		59,231
Other assets	42,456		52,730
Subtotal: assets of Discontinued Operations	$	281,809	$	381,297
Other assets classified as held for sale
Property and equipment, net	6,922		8,476
Total assets held for sale	$	288,731	$	389,773

	March 31, 2020		December 31, 2019
Liabilities of Discontinued Operations
Deferred revenue and student deposits	$	14,396	14,287
Operating leases, including current portion	27,589		63,304
Long-term debt and finance leases, including current portion	34,420		55,495
Other liabilities	55,185		56,032
Total liabilities held for sale	$	131,590	$	189,118