Segment Reporting (Tables)

3 Months Ended

Nov. 30, 2014

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



	Three Months Ended November 30,
($ in thousands)	2014			2013
Net revenue:
University of Phoenix	$	592,853		$	744,863
Apollo Global	115,140			91,159
Other	11,059			12,126
Net revenue	$	719,052		$	848,148
Operating income (loss)⁽¹⁾:
University of Phoenix	$	93,511		$	183,473
Apollo Global⁽²⁾	(4,842		)	2,217
Other⁽²⁾	(28,175		)	(15,329		)
Operating income	60,494			170,361
Reconciling items:
Interest income	589			568
Interest expense	(1,662		)	(2,086		)
Other (loss) income, net	(1,285		)	807
Income from continuing operations before income taxes	$	58,136		$	169,650

⁽¹⁾ University of Phoenix, Apollo Global and Other include charges associated with our restructuring activities. Refer to Note 2, Restructuring and Other Charges.

⁽²⁾ During the three months ended November 30, 2014, Apollo Global and Other incurred $1.7 million and $1.5 million of acquisition costs and contingent consideration charges, respectively.

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



($ in thousands)	November 30, 2014		August 31, 2014
University of Phoenix	$	814,470	$	824,895
Apollo Global	684,019		680,363
Other⁽¹⁾	923,799		1,587,677
Total assets	$	2,422,288	$	3,092,935

⁽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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