Acquisitions (Tables)

12 Months Ended

Aug. 31, 2014

Open Colleges [Member]

Purchase price allocation [Line Items]

Purchase price allocation

We accounted for the acquisitions as business combinations and allocated the purchase price to the assets acquired and liabilities assumed at fair value as summarized below:

	Milpark Education				Open Colleges
	Purchase Price Allocation ($ in thousands)			Weighted Average Useful Life (Years)	Purchase Price Allocation ($ in thousands)			Weighted Average Useful Life (Years)
Net working capital deficit(1)	$	(307	)		$	(10,979	)
Property and equipment	518				2,684
Intangibles:
Course designations	—				20,652			5.0
Trademarks	5,778			Indefinite	17,919			10.0
Course curriculum	1,203			2.0	15,790			4.0
Customer relationships	2,149			2.5	5,238			1.0
Accreditation	1,270			Indefinite	976			4.0
Goodwill	22,227				127,656
Deferred taxes, net(1)	(2,818		)		(9,279		)
Total assets acquired and liabilities assumed	30,020				170,657
Less: Fair value of redeemable noncontrolling interests	(2,669		)		(51,197		)
Total fair value of consideration transferred	27,351				119,460
Less: Fair value of contingent consideration	—				(21,371		)
Less: Cash acquired	(2,834		)		(3,152		)
Cash paid for acquisition, net of cash acquired	$	24,517			$	94,937

⁽¹⁾ Net working capital deficit and deferred taxes, net include approximately $6 million and $33 million of assumed liabilities related to the Milpark Education and Open Colleges acquisitions, respectively.

Milpark Education [Member]

Purchase price allocation [Line Items]

Purchase price allocation

We accounted for the acquisitions as business combinations and allocated the purchase price to the assets acquired and liabilities assumed at fair value as summarized below:

	Milpark Education				Open Colleges
	Purchase Price Allocation ($ in thousands)			Weighted Average Useful Life (Years)	Purchase Price Allocation ($ in thousands)			Weighted Average Useful Life (Years)
Net working capital deficit(1)	$	(307	)		$	(10,979	)
Property and equipment	518				2,684
Intangibles:
Course designations	—				20,652			5.0
Trademarks	5,778			Indefinite	17,919			10.0
Course curriculum	1,203			2.0	15,790			4.0
Customer relationships	2,149			2.5	5,238			1.0
Accreditation	1,270			Indefinite	976			4.0
Goodwill	22,227				127,656
Deferred taxes, net(1)	(2,818		)		(9,279		)
Total assets acquired and liabilities assumed	30,020				170,657
Less: Fair value of redeemable noncontrolling interests	(2,669		)		(51,197		)
Total fair value of consideration transferred	27,351				119,460
Less: Fair value of contingent consideration	—				(21,371		)
Less: Cash acquired	(2,834		)		(3,152		)
Cash paid for acquisition, net of cash acquired	$	24,517			$	94,937

⁽¹⁾ Net working capital deficit and deferred taxes, net include approximately $6 million and $33 million of assumed liabilities related to the Milpark Education and Open Colleges acquisitions, respectively.

Carnegie Learning Aquisition [Member]

Purchase price allocation [Line Items]

Purchase price allocation

The acquisition purchase price allocation is summarized below:

($ in thousands)
Tangible assets (net of acquired liabilities)	$	(10,894	)
Finite-lived intangibles	37,000
Indefinite-lived intangibles	14,100
Goodwill	34,794
Allocated purchase price	75,000
Less: Cash acquired	(1,264		)
Acquisition, net of cash acquired	$	73,736