Segment Reporting (Tables)

6 Months Ended

Feb. 28, 2014

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



	Three Months Ended February 28,						Six Months Ended February 28,
($ in thousands)	2014			2013			2014			2013
Net revenue:
University of Phoenix	$	594,081		$	753,566		$	1,338,944		$	1,689,350
Apollo Global	68,634			56,965			159,793			147,479
Other	16,343			23,841			36,656			52,726
Net revenue	$	679,058		$	834,372		$	1,535,393		$	1,889,555
Operating income (loss)⁽¹⁾:
University of Phoenix	$	86,682		$	74,757		$	270,155		$	318,617
Apollo Global⁽²⁾	(40,004		)	(25,921		)	(37,787		)	(35,287		)
Other⁽³⁾	(39,548		)	(19,056		)	(55,444		)	(22,604		)
Operating income	7,130			29,780			176,924			260,726
Reconciling items:
Interest income	599			388			1,167			937
Interest expense	(1,983		)	(2,092		)	(4,069		)	(4,134		)
Other, net	107			(126		)	914			1,673
Income before income taxes	$	5,853		$	27,950		$	174,936		$	259,202

⁽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 and six months ended February 28, 2014 includes $13.0 million of acquisition costs and contingent consideration charges.

⁽³⁾ The operating loss for Other in the three and six months ended February 28, 2014 includes $9.0 million of charges associated with our legal matters. The operating loss for Other in the three and six months ended February 28, 2013 includes credits of $5.0 million and $21.9 million, respectively, associated with a legal matter.

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



($ in thousands)	February 28, 2014		August 31, 2013
University of Phoenix	$	874,980	$	790,537
Apollo Global	613,187		359,903
Other⁽¹⁾	1,043,263		1,847,507
Total assets	$	2,531,430	$	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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