Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Amounts of Recorded Liability Related to Claims and Contingencies

The following table sets forth the amounts and where our recorded liability related to our claims and contingencies were included on our Condensed Consolidated Balance Sheets as of the dates indicated:

	As of September 30, 2015		As of December 31, 2014		As of September 30, 2014
Other current liabilities	$	42,054	$	14,976	$	14,494
Other liabilities		588		598		0
Total	$	42,642	$	15,574	$	14,494

Activity with Respect to Claims and Contingencies

The following table sets forth the activity with respect to our recorded liability related to our claims and contingencies in the periods indicated:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Balance at beginning of period	$	13,995		$	126,074		$	15,574		$	125,880
Increases (decreases) from:
Additional accruals:
CUSO RSA		0			2,019			0			2,019
Other(1)		32,901			11,603			44,455			27,816
Payments, other(2)		(4,254	)		(8,532	)		(17,387	)		(21,804	)
Payments under the CUSO RSA		0	(3)		(1,809	)(4)		0	(3)		(4,556	)(4)
Elimination of CUSO RSA accrual(5)		0			(114,861	)		0			(114,861	)
Balance at end of period	$	42,642		$	14,494		$	42,642		$	14,494

(1) Consists of accruals for legal fees and settlement amounts.

(2) Consists of payments for legal and other contingencies.

(3) We consolidated the CUSO in our consolidated financial statements as of September 30, 2014 and, as a result, we eliminated from our consolidated financial statements the amount of payments under the CUSO RSA that we made following the CUSO Consolidation. See below under “– Guarantees – CUSO RSA – Year-To-Date 2015 and Projected Future CUSO RSA Payments,” for information on the amount of payments that we made under the CUSO RSA in the nine months ended September 30, 2015. See Note 7 – Variable Interest Entities, for a further discussion of the CUSO Consolidation.

(4) Consists of payments made under the CUSO RSA.

(5) As a result of the CUSO Consolidation, in the three and nine months ended September 30, 2014, we eliminated from our consolidated financial statements the contingent liability related to the CUSO RSA that we had previously recorded.

Estimated Amounts of Regular, Discharge Payments Expected to Pay and Estimated Recoveries from Charged-off Loans

The following table sets forth, in the periods indicated, our projections of the estimated amounts of Regular Payments and Discharge Payments that we expect to pay (or that we expect will be owed by us, which amounts could be reduced prior to payment thereof by the amount of recoveries from charged-off loans owed to us as described in the immediately preceding sentence) and the estimated amounts of recoveries from charged-off loans that we expect to be paid to us by the CUSO (or that we may utilize to offset a portion of the amounts of Regular Payments or Discharge Payments owed by us):

Period	Estimated Regular Payments			Estimated Discharge Payments		Estimated Recoveries			Estimated Total Payments, Net
October 1 through December 31, 2015	$	0	(1)	$	0	$	0	(2)	$	0	(1)(2)
Year ended December 31, 2016		20,415	(1)		0		(2,255	)(3)		18,160	(1)(3)
Year ended December 31, 2017		14,916			0		(1,535	)		13,381
Years ended December 31, 2018 and later		0			74,427		(1,560	)		72,867
Total	$	35,331		$	74,427	$	(5,350	)	$	104,408	(4)

(1) This amount assumes that, pursuant to the Sixth Amendment to CUSO RSA, we elect to defer to 2016 all additional CUSO RSA payments that otherwise would have become due in 2015 after June 8, 2015, which we estimate will be approximately $6,313.

(2) This amount excludes $779 of recoveries from charged-off loans that we have estimated were or will be received by the CUSO between June 8, 2015 and December 31, 2015 and owed to us, which we expect to offset against amounts paid by us under the CUSO RSA in 2016.

(3) This amount reflects (a) recoveries from charged-off loans that we have estimated will be received by the CUSO between June 8, 2015 and December 31, 2015 and owed to us, which we expect to offset against amounts paid by us under the CUSO RSA in 2016, and (b) recoveries from charged-off loans that we estimate will be received by the CUSO, owed to us and offset against amounts paid by us in 2016.

(4) The estimated amount of future payments under the CUSO RSA assumes that an offset that we made in 2013 of certain payment obligations under the CUSO RSA against the CUSO’s obligations owed to us under the Revolving Note will not be determined to have been improper. See “– PEAKS Program and CUSO RSA Payments in Certain Periods” below for a further discussion of that offset. In the event that offset is determined to be improper, we may be required to pay the CUSO approximately $9,900, net of approximately $1,049 of recoveries from charged-off loans, which would be in addition to the estimated payment amounts set forth in this table.

Aggregate Amount of Guarantee Payments, Discharge Payments and Payments on Behalf of Borrowers

PEAKS Program and CUSO RSA Payments in Certain Periods. The following table sets forth the approximate aggregate amount of guarantee payments, Discharge Payments and Payments on Behalf of Borrowers that were made related to the PEAKS Program and CUSO RSA in the periods indicated:

	Three Months Ended September 30,						Nine Months Ended September 30,
Type of Payment	2015			2014			2015			2014
Guarantee:
PEAKS Program	$	4,856		$	52,517		$	25,313		$	94,318
CUSO RSA Regular Payments		0	(1)		1,809	(2)		3,840	(3)		4,556	(2)
CUSO RSA Discharge Payments		0			0			9,253			0
Payments on Behalf of Borrowers		0			0			0			1,832
Total	$	4,856		$	54,326		$	38,406		$	100,706

(1) As described above, we deferred payment of $2,574 of Regular Payments, that otherwise would have been due during this period, to January 2016. In addition, the amount of the recoveries of charged-off loans received by the CUSO during this period that are due but have not been paid to us and that we expect to offset against these Regular Payments was $351.

(2) This amount is net of $156 of recoveries from charged-off loans owed to us that we offset against amounts owed by us under the CUSO RSA.

(3) This amount is net of $521 of recoveries from charged-off loans owed to us that we offset against amounts owed by us under the CUSO RSA. In addition, we deferred payment of $3,402 of Regular Payments, that otherwise would have been due during this period, to January 2016. We also expect to utilize the amount of recoveries of charged-off loans received by the CUSO during this period that has not been paid to us, which totaled approximately $468, to offset against amounts that we expect to pay under the CUSO RSA in January 2016.