Goodwill and Intangible Assets (Tables)

12 Months Ended

Aug. 31, 2011

Goodwill And Intangible Assets (Tables) [Abstract]

Changes in goodwill and goodwill carrying value

Goodwill represents the excess of the purchase price over the fair value assigned to the assets acquired and liabilities assumed. Changes in the carrying amount of goodwill by reportable segment during fiscal years 2011 and 2010 are as follows:

			Apollo Global
	University of								Insight			Other		Total
($ in thousands)	Phoenix		BPP			Other			Schools			Schools		Goodwill
Goodwill as of August 31, 2009	$	37,018	$	421,836		$	35,452		$	12,742		$	15,310	$	522,358
Impairment on discontinued operations	—		—			—			(9,400		)	—		(9,400		)
Impairment	—		(156,321		)	(8,712		)	—			—		(165,033		)
Included in assets held for sale	—		—			—			(3,342		)	—		(3,342		)
Currency translation adjustment	—		(24,311		)	1,887			—			—		(22,424		)
Goodwill as of August 31, 2010	37,018		241,204			28,627			—			15,310		322,159
Impairment	—		(197,674		)	—			—			—		(197,674		)
Currency translation adjustment	—		7,164			1,648			—			—		8,812
Goodwill as of August 31, 2011	$	37,018	$	50,694		$	30,275		$	—		$	15,310	$	133,297

The following table presents the components of the net carrying amount of goodwill by reportable segment as of August 31, 2011 and 2010:

			Apollo Global
	University of								Other			Total
($ in thousands)	Phoenix		BPP			Other			Schools			Goodwill
August 31, 2010
Gross carrying amount	$	37,018	$	425,638		$	39,617		$	35,515		$	537,788
Accumulated impairments	—		(156,321		)	(8,712		)	(20,205		)	(185,238		)
Effect of foreign currency translation	—		(28,113		)	(2,278		)	—			(30,391		)
Net carrying amount	$	37,018	$	241,204		$	28,627		$	15,310		$	322,159

			Apollo Global
	University of								Other			Total
($ in thousands)	Phoenix		BPP			Other			Schools			Goodwill
August 31, 2011
Gross carrying amount	$	37,018	$	425,638		$	39,617		$	35,515		$	537,788
Accumulated impairments	—		(353,995		)	(8,712		)	(20,205		)	(382,912		)
Effect of foreign currency translation	—		(20,949		)	(630		)	—			(21,579		)
Net carrying amount	$	37,018	$	50,694		$	30,275		$	15,310		$	133,297

Intangible assets

Intangible assets consist of the following as of August 31:

	2011										2010
($ in thousands)	Gross Carrying Amount		Accumulated Amortization			Effect of Foreign Currency Translation Loss			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Effect of Foreign Currency Translation Loss			Net Carrying Amount
Finite-lived intangible assets
Student and customer relationships	$	9,477	$	(6,538	)	$	(1,284	)	$	1,655	$	19,935	$	(12,891	)	$	(1,624	)	$	5,420
Copyrights	20,891		(11,521		)	(422		)	8,948		20,891		(6,039		)	(1,066		)	13,786
Other	18,702		(12,499		)	(1,166		)	5,037		20,676		(9,342		)	(1,591		)	9,743
Total finite-lived intangible assets	49,070		(30,558		)	(2,872		)	15,640		61,502		(28,272		)	(4,281		)	28,949
Indefinite-lived intangible assets
Trademarks(1)	98,849		—			(737		)	98,112		121,879		—			(7,191		)	114,688
Accreditations and designations	7,456		—			(91		)	7,365		7,456		—			(500		)	6,956
Total indefinite-lived intangible assets	106,305		—			(828		)	105,477		129,335		—			(7,691		)	121,644
Total intangible assets, net	$	155,375	$	(30,558	)	$	(3,700	)	$	121,117	$	190,837	$	(28,272	)	$	(11,972	)	$	150,593

⁽¹⁾ We recorded impairments charges of $22.2 million and $19.6 million of BPP’s intangible assets during fiscal year 2011 and 2010, respectively. See below for further discussion.

Future intangibles amortization

Estimated future amortization expense of finite-lived intangible assets is as follows:

($ in thousands)
2012	$	8,577
2013	4,291
2014	1,546
2015	475
2016	92
Thereafter	659
Total estimated amortization expense	$	15,640