Goodwill and Intangible Assets (Tables)

9 Months Ended

May 31, 2012

Goodwill And Intangible Assets (Tables) [Abstract]

Changes in goodwill

Goodwill represents the excess of the purchase price over the fair value assigned to the assets acquired and liabilities assumed. Changes in the carrying amount of goodwill from August 31, 2011 to May 31, 2012 are as follows:

			Apollo Global
($ in thousands)	University of Phoenix		BPP			Other			Other Schools		Total Goodwill
Goodwill as of August 31, 2011	$	37,018	$	50,694		$	30,275		$	15,310	$	133,297
Goodwill acquired(1)	34,794		—			—			—		34,794
Impairment(2)	—		—			(11,912		)	—		(11,912		)
Currency translation adjustment	—		(5,085		)	(2,876		)	—		(7,961		)
Goodwill as of May 31, 2012	$	71,812	$	45,609		$	15,487		$	15,310	$	148,218

⁽¹⁾ Goodwill acquired resulted from our acquisition of Carnegie Learning during the first quarter of fiscal year 2012. Refer to Note 5, Acquisitions.

⁽²⁾ We recorded an impairment charge of $11.9 million of UNIACC’s goodwill during the first quarter of fiscal year 2012. See below for further discussion.

Intangible assets

Intangible assets, net consist of the following as of May 31, 2012 and August 31, 2011:

	May 31, 2012										August 31, 2011
($ in thousands)	Gross Carrying Amount		Accumulated Amortization			Effect of Foreign Currency Translation Loss			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Effect of Foreign Currency Translation Loss			Net Carrying Amount
Finite-lived intangible assets
Software and technology(1)	$	42,389	$	(6,076	)	$	—		$	36,313	$	3,600	$	(3,450	)	$	—		$	150
Student and customer relationships(1)	14,109		(5,593		)	(1,406		)	7,110		9,477		(6,538		)	(1,284		)	1,655
Copyrights	20,891		(15,262		)	(786		)	4,843		20,891		(11,521		)	(422		)	8,948
Other(2)	12,878		(10,024		)	(1,224		)	1,630		15,102		(9,049		)	(1,166		)	4,887
Total finite-lived intangible assets	90,267		(36,955		)	(3,416		)	49,896		49,070		(30,558		)	(2,872		)	15,640
Indefinite-lived intangible assets
Trademarks(1), (2)	108,961		—			(5,083		)	103,878		98,849		—			(737		)	98,112
Accreditations and designations(2)	7,260		—			(472		)	6,788		7,456		—			(91		)	7,365
Total indefinite-lived intangible assets	116,221		—			(5,555		)	110,666		106,305		—			(828		)	105,477
Total intangible assets, net	$	206,488	$	(36,955	)	$	(8,971	)	$	160,562	$	155,375	$	(30,558	)	$	(3,700	)	$	121,117

⁽¹⁾ We acquired certain intangible assets during the first quarter of fiscal year 2012 as a result of our acquisition of Carnegie Learning. Refer to Note 5, Acquisitions.

⁽²⁾ We recorded an impairment charge of $4.9 million of UNIACC’s intangible assets during the first quarter of fiscal year 2012. See below for further discussion.