Segment Reporting (Tables)

9 Months Ended

May 31, 2013

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



	Three Months Ended May 31,						Nine Months Ended May 31,
($ in thousands)	2013			2012			2013			2012
Net revenue
University of Phoenix	$	846,450		$	1,011,683		$	2,542,785		$	2,954,064
Apollo Global	87,415			88,346			246,720			244,237
Other	12,909			22,229			46,824			58,539
Net revenue	$	946,774		$	1,122,258		$	2,836,329		$	3,256,840
Operating income (loss)⁽¹⁾:
University of Phoenix	$	144,279		$	241,210		$	457,786		$	673,990
Apollo Global⁽²⁾	6,088			(51		)	(29,335		)	(37,552		)
Other⁽³⁾	(18,414		)	(19,750		)	(35,772		)	(49,656		)
Total operating income	131,953			221,409			392,679			586,782
Reconciling items:
Interest income	506			160			1,443			881
Interest expense	(1,940		)	(2,830		)	(6,074		)	(6,618		)
Other, net	(862		)	(402		)	811			(44		)
Income from continuing operations before income taxes	$	129,657		$	218,337		$	388,859		$	581,001

⁽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 nine months ended May 31, 2012 includes $16.8 million of goodwill and other intangibles impairment charges.

⁽³⁾ The operating loss for Other for the nine months ended May 31, 2013 includes $23.2 million of credits resulting from resolution in certain of our legal matters. The loss for the three and nine months ended May 31, 2012 includes a $4.7 million charge related to the Patent Infringement Litigation. Refer to Note 14, Commitments and Contingencies.

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



($ in thousands)	May 31, 2013		August 31, 2012
University of Phoenix	$	918,839	$	938,104
Apollo Global	360,735		389,509
Other⁽¹⁾	1,113,380		1,540,709
Total assets	$	2,392,954	$	2,868,322

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

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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