Goodwill and Intangibles (Tables)

12 Months Ended

Aug. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in goodwill and goodwill carrying value

The following details changes in the carrying amount of our goodwill by reportable segment during fiscal years 2014 and 2013:



	University of Phoenix		Apollo Global		Other		Total
($ in thousands)	University of Phoenix		Apollo Global		Other		Total
Goodwill as of August 31, 2012	$	71,812	$	14,642	$	16,891	$	103,345
Currency translation adjustment	—		275		—		275
Goodwill as of August 31, 2013	71,812		14,917		16,891		103,620
Acquisitions⁽¹⁾	—		149,883		—		149,883
Currency translation adjustment	—		6,398		—		6,398
Goodwill as of August 31, 2014	$	71,812	$	171,198	$	16,891	$	259,901

⁽¹⁾Represents goodwill acquired in the Milpark Education and Open Colleges acquisitions. Refer to Note 4, Acquisitions.

The following presents the components of the net carrying amount of our goodwill by reportable segment as of August 31, 2014 and 2013:



	University of Phoenix		Apollo Global⁽¹⁾			Other			Total
($ in thousands)	University of Phoenix		Apollo Global⁽¹⁾			Other			Total
Gross carrying amount⁽¹⁾	$	71,812	$	177,068		$	37,096		$	285,976
Accumulated impairments⁽¹⁾	—		(8,712		)	(20,205		)	(28,917		)
Foreign currency translation	—		2,842			—			2,842
Net carrying amount at August 31, 2014	$	71,812	$	171,198		$	16,891		$	259,901



	University of Phoenix		Apollo Global⁽¹⁾			Other			Total
($ in thousands)	University of Phoenix		Apollo Global⁽¹⁾			Other			Total
Gross carrying amount⁽¹⁾	$	71,812	$	27,185		$	37,096		$	136,093
Accumulated impairments⁽¹⁾	—		(8,712		)	(20,205		)	(28,917		)
Foreign currency translation	—		(3,556		)	—			(3,556		)
Net carrying amount at August 31, 2013	$	71,812	$	14,917		$	16,891		$	103,620

⁽¹⁾We have also recorded $366 million of accumulated impairments associated with our BPP and UNIACC reporting units, both of which did not have any goodwill as of August 31, 2014 and 2013.

Intangible assets

Intangible assets consist of the following as of August 31:



	2014										2013
($ in thousands)	Gross Carrying Amount		Accumulated Amortization			Effect of Foreign Currency Translation			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Effect of Foreign Currency Translation			Net Carrying Amount
Software and technology	$	42,389	$	(25,151	)	$	—		$	17,238	$	42,389	$	(16,673	)	$	—		$	25,716
Accreditations and designations⁽¹⁾	21,628		(3,015		)	1,000			19,613		—		—			—			—
Trademarks⁽¹⁾	17,919		(1,238		)	907			17,588		—		—			—			—
Curriculum⁽¹⁾	16,993		(2,933		)	826			14,886		—		—			—			—
Student and customer relationships⁽¹⁾	15,934		(9,780		)	(1,161		)	4,993		12,026		(7,727		)	(1,363		)	2,936
Other⁽¹⁾	20,891		(19,909		)	(611		)	371		20,891		(18,706		)	(777		)	1,408
Total finite-lived intangibles	135,754		(62,026		)	961			74,689		75,306		(43,106		)	(2,140		)	30,060
Trademarks⁽¹⁾	106,514		—			(68		)	106,446		100,736		—			(5,347		)	95,389
Accreditations and designations⁽¹⁾	8,530		—			(300		)	8,230		7,260		—			(517		)	6,743
Total indefinite-lived intangibles	115,044		—			(368		)	114,676		107,996		—			(5,864		)	102,132
Total intangible assets, net	$	250,798	$	(62,026	)	$	593		$	189,365	$	183,302	$	(43,106	)	$	(8,004	)	$	132,192

⁽¹⁾We acquired certain intangibles during fiscal year 2014 as a result of our acquisitions.

Future intangibles amortization

The weighted average original useful life of our finite-lived intangibles as of August 31, 2014 was 5.8 years and the estimated future amortization expense of our finite-lived intangibles is as follows:



($ in thousands)	2015		2016		2017		2018		2019		Thereafter		Total
University of Phoenix	$	8,478	$	8,478	$	282	$	—	$	—	$	—	$	17,238
Apollo Global	14,765		11,923		10,793		7,689		3,327		8,166		56,663
Other	764		24		—		—		—		—		788
Total estimated future amortization expense⁽¹⁾	$	24,007	$	20,425	$	11,075	$	7,689	$	3,327	$	8,166	$	74,689

⁽¹⁾The estimated future amortization expense may vary as acquisitions and dispositions occur in the future and as a result of foreign currency translation adjustments.