Segment Reporting (Tables)

9 Months Ended

May 31, 2012

Segment Reporting (Tables) [Abstract]

Segment reporting revenue

A summary of financial information by reportable segment is as follows:

	Three Months Ended May 31,				Nine Months Ended May 31,
($ in thousands)	2012		2011		2012		2011
Net revenue
University of Phoenix	$	1,011,683	$	1,112,543	$	2,954,064	$	3,273,018
Apollo Global:
BPP	74,672		77,371		207,702		209,136
Other	22,224		22,864		58,745		60,002
Total Apollo Global	96,896		100,235		266,447		269,138
Other Schools	20,016		23,038		56,326		67,233
Corporate	2,213		21		2,213		1,512
Total net revenue	$	1,130,808	$	1,235,837	$	3,279,050	$	3,610,901

Segment reporting operating income (loss)

Operating income (loss):
University of Phoenix(1)	$	241,210		$	356,259		$	673,990		$	995,332
Apollo Global:
BPP(2)	11,978			14,449			15,684			(194,644		)
Other(1), (3)	(7,884		)	(5,158		)	(43,715		)	(25,009		)
Total Apollo Global	4,094			9,291			(28,031		)	(219,653		)
Other Schools	2,450			2,980			4,278			4,361
Corporate(1)	(22,200		)	(22,042		)	(53,934		)	(49,476		)
Total operating income	225,554			346,488			596,303			730,564
Reconciling items:
Interest income	219			867			1,085			2,635
Interest expense	(2,830		)	(2,383		)	(6,618		)	(6,207		)
Other, net	(402		)	(1,862		)	(44		)	(1,603		)
Income from continuing operations before income taxes	$	222,541		$	343,110		$	590,726		$	725,389

⁽¹⁾ University of Phoenix, Apollo Global — Other and Corporate include charges associated with our restructuring activities. Refer to Note 4, Restructuring and Other Charges.

⁽²⁾ BPP’s operating loss in the nine months ended May 31, 2011 includes $219.9 million of goodwill and other intangibles impairment charges.

⁽³⁾ Apollo Global — Other’s operating loss for the nine months ended May 31, 2012 includes $16.8 million of goodwill and other intangibles impairment charges. Refer to Note 7, Goodwill and Intangible Assets.

Segment reporting assets

A summary of our consolidated assets by reportable segment is as follows:

	May 31, 2012		August 31, 2011
($ in thousands)
Assets:
University of Phoenix	$	993,873	$	1,016,005
Apollo Global:
BPP	286,285		303,107
Other	111,551		146,490
Total Apollo Global	397,836		449,597
Other Schools	18,426		24,073
Corporate	859,809		1,780,031
Total assets	$	2,269,944	$	3,269,706