Segment Reporting (Tables)

3 Months Ended

Nov. 30, 2012

Segment Reporting [Abstract]

Segment reporting information

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

	Three Months Ended November 30,
($ in thousands)	2012			2011
Net revenue
University of Phoenix	$	939,890		$	1,057,069
Apollo Global	96,791			95,967
Other	18,502			18,864
Net revenue	$	1,055,183		$	1,171,900
Operating income (loss)(1):
University of Phoenix	$	242,319		$	292,038
Apollo Global(2)	(9,143		)	(14,953		)
Other(3)	(2,230		)	(15,417		)
Total operating income	230,946			261,668
Reconciling items:
Interest income	549			506
Interest expense	(2,042		)	(1,999		)
Other, net	1,799			140
Income from continuing operations before income taxes	$	231,252		$	260,315

⁽¹⁾ University of Phoenix, Apollo Global and Other include charges associated with our restructuring activities. Refer to Note 3, Restructuring and Other Charges.

⁽²⁾ The operating loss for Apollo Global for the three months ended November 30, 2011 includes $16.8 million of goodwill and other intangibles impairment charges.

⁽³⁾ The operating loss for Other for the three months ended November 30, 2012 includes a $16.9 million credit associated with the Securities Class Action (Policeman’s Annuity and Benefit Fund of Chicago). Refer to Note 13, Commitments and Contingencies.

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

($ in thousands)	November 30, 2012		August 31, 2012
University of Phoenix	$	877,612	$	938,104
Apollo Global	410,343		389,509
Other(1)	1,080,962		1,540,709
Total assets	$	2,368,917	$	2,868,322

⁽¹⁾ The majority of assets included in Other consists of corporate cash and cash equivalents.