Acquisitions (Tables)

6 Months Ended

Feb. 28, 2015

Faculdade da Educacional da Lapa [Member]

Purchase price allocation [Line Items]

Purchase price allocation

We accounted for the acquisition as a business combination and the following details our preliminary allocation of the purchase price to the assets acquired and liabilities assumed at fair value:

($ in thousands)
Cash and cash equivalents	$	7,685
Intangibles:
Trademark (indefinite useful life)	9,223
Accreditation (indefinite useful life)	5,940
Course curriculum (4 year useful life)	1,212
Other (4 year useful life)	4,182
Goodwill	14,538
Other assets	2,877
Liabilities	(13,369		)
Total assets acquired and liabilities assumed	32,288
Less: Fair value of redeemable noncontrolling interests	(3,437		)
Total fair value of consideration transferred	28,851
Less: Cash acquired	(7,685		)
Cash paid for acquisition, net of cash acquired	$	21,166

Open Colleges [Member]

Purchase price allocation [Line Items]

Purchase price allocation

The acquisition purchase price allocation is summarized below:

($ in thousands)
Net working capital deficit(1)	$	(10,979	)
Property and equipment	2,684
Finite-lived intangibles	60,575
Goodwill	127,656
Deferred taxes, net(1)	(9,279		)
Total assets acquired and liabilities assumed	170,657
Less: Fair value of redeemable noncontrolling interests	(51,197		)
Total fair value of consideration transferred	119,460
Less: Fair value of contingent consideration	(21,371		)
Less: Cash acquired	(3,152		)
Cash paid for acquisition, net of cash acquired	$	94,937

⁽¹⁾ Net working capital deficit and deferred taxes, net include approximately $33 million of assumed liabilities.