Discontinued Operations and Assets Held for Sale (Tables)

6 Months Ended

Jun. 30, 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 June 30,	2020		2019
Revenues	$	25,550	$	157,347
Depreciation and amortization	—		399
Share-based compensation expense	6		106
Other direct costs	23,274		126,202
Loss on impairment of assets	9,967		—
Operating (loss) income	(7,697)		30,640
Other non-operating (loss) income	(2,565)		3,362
Pretax (loss) income of discontinued operations	(10,262)		34,002
Income tax expense	(1,909)		(3,722)
(Loss) income from discontinued operations, net of tax	$	(12,171)	$	30,280

For the six months ended June 30,	2020		2019
Revenues	$	58,796	$	380,686
Depreciation and amortization	—		834
Share-based compensation expense	9		269
Loss on impairment of assets	9,967		—
Other direct costs	50,822		278,639
Operating (loss) income	(2,002)		100,944
Other non-operating (loss) income	(10,582)		6,528
Pretax (loss) income of discontinued operations	(12,584)		107,472
Income tax expense	(3,391)		(13,863)
(Loss) income from discontinued operations, net of tax	$	(15,975)	$	93,609
Operating cash flows of discontinued operations	$	(4,708)	$	31,309
Investing cash flows of discontinued operations	$	(551)	$	(11,561)
Financing cash flows of discontinued operations	$	(1,856)	$	(31,964)

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, 2020		December 31, 2019
Assets of Discontinued Operations
Cash and cash equivalents	$	34,246	$	55,401
Receivables, net	20,840		14,762
Property and equipment, net	119,696		182,530
Goodwill	9,427		9,753
Tradenames	6,832		6,890
Operating lease right-of-use assets, net	25,572		59,231
Other assets	25,863		52,730
Subtotal: assets of Discontinued Operations	$	242,476	$	381,297
Other assets classified as held for sale
Property and equipment, net	7,010		8,476
Total assets held for sale	$	249,486	$	389,773

	June 30, 2020		December 31, 2019
Liabilities of Discontinued Operations
Deferred revenue and student deposits	$	15,149	$	14,287
Operating leases, including current portion	26,493		63,304
Long-term debt and finance leases, including current portion	31,778		55,495
Other liabilities	45,257		56,032
Total liabilities held for sale	$	118,677	$	189,118