Segment Reporting (Tables)

3 Months Ended

Nov. 30, 2013

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



	Three Months Ended November 30,
($ in thousands)	2013			2012
Net revenue
University of Phoenix	$	744,863		$	935,784
Apollo Global	91,159			90,514
Other	20,313			28,885
Net revenue	$	856,335		$	1,055,183
Operating income (loss)⁽¹⁾:
University of Phoenix	$	183,473		$	243,860
Apollo Global	2,217			(9,366		)
Other⁽²⁾	(15,896		)	(3,548		)
Operating income	169,794			230,946
Reconciling items:
Interest income	568			549
Interest expense	(2,086		)	(2,042		)
Other, net	807			1,799
Income before income taxes	$	169,083		$	231,252

⁽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 Other for the three months ended November 30, 2012 is net of a $16.9 million credit associated with a legal matter.

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



($ in thousands)	November 30, 2013		August 31, 2013
University of Phoenix	$	780,839	$	790,537
Apollo Global	393,063		359,903
Other⁽¹⁾	1,289,128		1,847,507
Total assets	$	2,463,030	$	2,997,947

⁽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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