2015 Q2 Form 10-K Financial Statement

#000114420415052225 Filed on August 27, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 2014 Q2
Revenue $473.2M $1.910B $485.1M
YoY Change -2.45% 309.91% 1.06%
Cost Of Revenue $249.7M $1.000B $256.1M
YoY Change -2.5% 1.69% 4.23%
Gross Profit $223.5M $909.9M $229.0M
YoY Change -2.4% -275.83% -2.26%
Gross Profit Margin 47.23% 47.64% 47.21%
Selling, General & Admin $175.4M $708.3M $169.7M
YoY Change 3.36% -2.69% -11.75%
% of Gross Profit 78.48% 77.84% 74.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.60M $85.01M $23.00M
YoY Change 6.96% 2.74% -4.17%
% of Gross Profit 11.01% 9.34% 10.04%
Operating Expenses $175.4M $708.3M $169.7M
YoY Change 3.36% -2.69% -9.69%
Operating Profit $33.85M $156.9M $42.90M
YoY Change -21.1% -13.44% -7.55%
Interest Expense -$1.700M $5.313M -$300.0K
YoY Change 466.67% 46.28% 50.0%
% of Operating Profit -5.02% 3.39% -0.7%
Other Income/Expense, Net -$3.250M
YoY Change 70.96%
Pretax Income $32.10M $153.7M $42.60M
YoY Change -24.65% -14.33% -267.06%
Income Tax $1.900M $18.54M $4.600M
% Of Pretax Income 5.92% 12.06% 10.8%
Net Earnings $29.93M $139.9M $37.48M
YoY Change -20.16% 4.38% -216.05%
Net Earnings / Revenue 6.32% 7.32% 7.73%
Basic Earnings Per Share $0.46 $2.17 $0.58
Diluted Earnings Per Share $0.46 $2.14 $0.58
COMMON SHARES
Basic Shares Outstanding 64.55M shares 63.50M shares
Diluted Shares Outstanding 65.28M shares

Balance Sheet

Concept 2015 Q2 2015 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $356.6M $356.6M $361.6M
YoY Change -1.38% -1.38% 81.16%
Cash & Equivalents $353.0M $353.0M $358.2M
Short-Term Investments $3.600M $3.600M $3.400M
Other Short-Term Assets $63.80M $63.80M $82.80M
YoY Change -22.95% -22.95% -19.38%
Inventory
Prepaid Expenses
Receivables $139.2M $139.2M $132.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $601.1M $559.6M $577.1M
YoY Change 4.15% -3.03% 30.52%
LONG-TERM ASSETS
Property, Plant & Equipment $545.9M $545.9M $555.8M
YoY Change -1.79% -1.78% -2.77%
Goodwill $552.3M $519.9M
YoY Change 6.24% 2.15%
Intangibles $323.7M $294.9M
YoY Change 9.76% 4.59%
Long-Term Investments
YoY Change
Other Assets $37.75M $58.30M $36.45M
YoY Change 3.58% 16.83% 10.36%
Total Long-Term Assets $927.3M $1.480B $864.7M
YoY Change 7.23% 4.2% 2.55%
TOTAL ASSETS
Total Short-Term Assets $601.1M $559.6M $577.1M
Total Long-Term Assets $927.3M $1.480B $864.7M
Total Assets $2.040B $2.040B $1.998B
YoY Change 2.11% 2.11% 7.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.08M $63.10M $52.26M
YoY Change 20.71% 20.65% -5.21%
Accrued Expenses $85.10M $168.6M $70.89M
YoY Change 20.05% 1.93% -4.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $321.9M $321.9M $316.8M
YoY Change 1.61% 1.61% 0.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $101.8M $101.8M $93.10M
YoY Change 9.34% 9.34% 12.58%
Total Long-Term Liabilities $157.9M $101.8M $141.0M
YoY Change 11.92% 9.34% -1.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $321.9M $321.9M $316.8M
Total Long-Term Liabilities $157.9M $101.8M $141.0M
Total Liabilities $479.8M $455.0M $457.9M
YoY Change 4.79% -1.98% -0.25%
SHAREHOLDERS EQUITY
Retained Earnings $1.796B $1.682B
YoY Change 6.79% 6.8%
Common Stock $351.0M $321.5M
YoY Change 9.2% 10.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $485.5M $454.7M
YoY Change 6.75% 0.44%
Treasury Stock Shares 12.41M shares 11.66M shares
Shareholders Equity $1.585B $1.585B $1.533B
YoY Change
Total Liabilities & Shareholders Equity $2.074B $2.040B $1.998B
YoY Change 3.83% 2.11% 7.57%

Cashflow Statement

Concept 2015 Q2 2015 2014 Q2
OPERATING ACTIVITIES
Net Income $29.93M $139.9M $37.48M
YoY Change -20.16% 4.38% -216.05%
Depreciation, Depletion And Amortization $24.60M $85.01M $23.00M
YoY Change 6.96% 2.74% -4.17%
Cash From Operating Activities -$6.300M $205.5M $2.400M
YoY Change -362.5% -22.62% -111.48%
INVESTING ACTIVITIES
Capital Expenditures -$24.40M $88.71M -$31.80M
YoY Change -23.27% 11.79% -5.92%
Acquisitions $73.12M
YoY Change 438.81%
Other Investing Activities $0.00 -$67.20M -$1.200M
YoY Change -100.0% 1244.0% -84.81%
Cash From Investing Activities -$24.40M -$155.9M -$32.90M
YoY Change -25.84% 84.84% -20.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $25.92M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.70M -$48.61M -8.900M
YoY Change 76.4% 153.93% -45.4%
NET CHANGE
Cash From Operating Activities -6.300M $205.5M 2.400M
Cash From Investing Activities -24.40M -$155.9M -32.90M
Cash From Financing Activities -15.70M -$48.61M -8.900M
Net Change In Cash -46.40M -$2.770M -39.40M
YoY Change 17.77% -101.71% -50.0%
FREE CASH FLOW
Cash From Operating Activities -$6.300M $205.5M $2.400M
Capital Expenditures -$24.40M $88.71M -$31.80M
Free Cash Flow $18.10M $116.8M $34.20M
YoY Change -47.08% -37.28% 165.12%

Facts In Submission

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CY2015 us-gaap Proceeds From Stock Options Exercised
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8828000 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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31386000 USD
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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63772 shares
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
73117000 USD
CY2015 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
158000 USD
CY2014 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
135000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
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1918000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
2396000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
1328000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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96534000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
82262000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
19716000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-18148000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
10830000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2883000 USD
CY2015 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-24725000 USD
CY2014 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2943000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
203267000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
266070000 USD
CY2015 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-160000 USD
CY2014 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-509000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
203107000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
265561000 USD
CY2015 us-gaap Payments To Acquire Productive Assets
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88707000 USD
CY2014 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
79355000 USD
CY2015 us-gaap Proceeds From Stock Plans
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1204000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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25918000 USD
CY2015 us-gaap Payments Of Dividends Common Stock
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23230000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
21903000 USD
CY2014 us-gaap Repayments Of Longterm Loans From Vendors
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9095000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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-48613000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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-19144000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-1040000 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
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161044000 USD
CY2015 us-gaap Heldtomaturity Securities Transferred To Trading Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
HeldtomaturitySecuritiesTransferredToTradingSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
0 USD
CY2014 us-gaap Heldtomaturity Securities Transferred To Trading Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
HeldtomaturitySecuritiesTransferredToTradingSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
-244000 USD
CY2014 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
CY2015 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
3519000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
15493000 USD
CY2013 us-gaap Depreciation
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83111000 USD
CY2013 us-gaap Adjustment For Amortization
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10139000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
80557000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7711000 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-10633000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets1
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0 USD
CY2013 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
4521000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
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124448000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7359000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6697000 USD
CY2013 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
21076000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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267215000 USD
CY2013 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-5710000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
261505000 USD
CY2013 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
111775000 USD
CY2013 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
93000 USD
CY2013 us-gaap Proceeds From Divestiture Of Businesses
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0 USD
CY2013 us-gaap Proceeds From Stock Plans
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1700000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
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53886000 USD
CY2013 us-gaap Payments Of Dividends Common Stock
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31529000 USD
CY2013 us-gaap Repayments Of Longterm Loans From Vendors
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3822000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-3244000 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
23068000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
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174076000 USD
CY2013 us-gaap Minority Interest Period Increase Decrease
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-1793000 USD
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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63443 shares
CY2013 us-gaap Weighted Average Number Of Shares Restricted Stock
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851 shares
CY2013 us-gaap Heldtomaturity Securities Transferred To Trading Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
HeldtomaturitySecuritiesTransferredToTradingSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
0 USD
CY2013 us-gaap Repayments Of Other Debt
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0 USD
CY2015 us-gaap Customer Refundable Fees Refund Payments
CustomerRefundableFeesRefundPayments
42300000 USD
CY2013 us-gaap Customer Refundable Fees Refund Payments
CustomerRefundableFeesRefundPayments
40300000 USD
CY2014 us-gaap Customer Refundable Fees Refund Payments
CustomerRefundableFeesRefundPayments
36100000 USD
CY2015 us-gaap Capitalized Computer Software Additions
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1300000 USD
CY2014 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
1600000 USD
CY2015Q2 us-gaap Capitalized Computer Software Gross
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31600000 USD
CY2014Q2 us-gaap Capitalized Computer Software Gross
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47300000 USD
CY2015 us-gaap Impairment Of Leasehold
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4300000 USD
CY2014 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
3900000 USD
CY2013Q2 us-gaap Minority Interest
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854000 USD
CY2015 dv Accretion Of Noncontrolling Interest Put Option
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2427000 USD
CY2014 dv Accretion Of Noncontrolling Interest Put Option
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4860000 USD
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2077000 shares
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2017000 shares
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
63319 shares
CY2015 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
774 shares
CY2014 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
889 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64546 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64208 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64294 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
731 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
645 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
317 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65277 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64853 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64611 shares
CY2015Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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77400000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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15700000 USD
CY2015 us-gaap Advertising Expense
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264200000 USD
CY2013 us-gaap Advertising Expense
AdvertisingExpense
261000000 USD
CY2014 us-gaap Advertising Expense
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259000000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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3362287 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
238100 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
49564 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
381694 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
21042 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3148087 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.09
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
43.53
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.86
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
24.77
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
37.41
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
34.86
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M13D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y5M16D
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2080027 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
37.55
CY2014Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
19868000 USD
CY2013Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
18897000 USD
CY2015 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
10061000 USD
CY2014 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
8907000 USD
CY2015 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1125000 USD
CY2014 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
719000 USD
CY2015 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
9698000 USD
CY2014 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
9159000 USD
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
20630000 USD
CY2015Q2 us-gaap Notes Receivable Net
NotesReceivableNet
49715000 USD
CY2014Q2 us-gaap Notes Receivable Net
NotesReceivableNet
46137000 USD
CY2015 dv Financing Receivables Term Of Loan
FinancingReceivablesTermOfLoan
P18M
CY2015Q2 dv Financing Receivable Recorded Investment Ninety To One Hundred Nineteen Days Past Due
FinancingReceivableRecordedInvestmentNinetyToOneHundredNineteenDaysPastDue
1527000 USD
CY2014Q2 dv Financing Receivable Recorded Investment Ninety To One Hundred Nineteen Days Past Due
FinancingReceivableRecordedInvestmentNinetyToOneHundredNineteenDaysPastDue
2463000 USD
CY2015Q2 dv Financing Receivable Recorded Investment Greater Than One Hundred Twenty Days Past Due
FinancingReceivableRecordedInvestmentGreaterThanOneHundredTwentyDaysPastDue
18490000 USD
CY2014Q2 dv Financing Receivable Recorded Investment Greater Than One Hundred Twenty Days Past Due
FinancingReceivableRecordedInvestmentGreaterThanOneHundredTwentyDaysPastDue
15304000 USD
CY2015Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
27941000 USD
CY2014Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
23782000 USD
CY2015Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
42404000 USD
CY2014Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
42223000 USD
CY2015Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
70345000 USD
CY2014Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
66005000 USD
CY2014Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
14400000 USD
CY2015 dv Number Of Days Past Due To Consider Loans As Nonperforming
NumberOfDaysPastDueToConsiderLoansAsNonperforming
P120D
CY2015Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
15900000 USD
CY2015 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
653341 shares
CY2015 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
25900000 USD
CY2015Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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53800000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
110459000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
90616000 USD
CY2015Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
303888000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
101512000 USD
CY2014Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
285273000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
91853000 USD
CY2015 dv Fair Valuein Excess Of Carrying Value Percentage
FairValueinExcessOfCarryingValuePercentage
0.05 pure
CY2012Q2 us-gaap Goodwill
Goodwill
549961000 USD
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16120000 USD
CY2014 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
9675000 USD
CY2015 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
55915000 USD
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
53094000 USD
CY2013 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
4050000 USD
CY2014 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-1267000 USD
CY2015 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
23465000 USD
CY2013Q2 us-gaap Goodwill
Goodwill
508937000 USD
CY2015 us-gaap Indefinite Lived Intangible Assets Period Increase Decrease
IndefiniteLivedIntangibleAssetsPeriodIncreaseDecrease
18600000 USD
CY2014 us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
30000000 USD
CY2014 dv Restructuring Reserve Payments And Adjustment
RestructuringReservePaymentsAndAdjustment
27800000 USD
CY2015 us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
42000000 USD
CY2015 dv Restructuring Reserve Payments And Adjustment
RestructuringReservePaymentsAndAdjustment
30400000 USD
CY2015Q2 us-gaap Restructuring Reserve
RestructuringReserve
27000000 USD
CY2015 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0035 pure
CY2015Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
200000000 USD
CY2015 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
214151000 USD
CY2014 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
109740000 USD
CY2013 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
144368000 USD
CY2015 dv Net Interest And Other Expense Income
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-3250000 USD
CY2014 dv Net Interest And Other Expense Income
NetInterestAndOtherExpenseIncome
-1901000 USD
CY2013 dv Net Interest And Other Expense Income
NetInterestAndOtherExpenseIncome
-1959000 USD
CY2015 dv Increase In Capital Assets From Acquisition
IncreaseInCapitalAssetsFromAcquisition
10921000 USD
CY2014 dv Increase In Capital Assets From Acquisition
IncreaseInCapitalAssetsFromAcquisition
2257000 USD
CY2013 dv Increase In Capital Assets From Acquisition
IncreaseInCapitalAssetsFromAcquisition
2897000 USD
CY2015 dv Increase In Intangible Assets And Goodwill
IncreaseInIntangibleAssetsAndGoodwill
114523000 USD
CY2014 dv Increase In Intangible Assets And Goodwill
IncreaseInIntangibleAssetsAndGoodwill
28128000 USD
CY2013 dv Increase In Intangible Assets And Goodwill
IncreaseInIntangibleAssetsAndGoodwill
29696000 USD
CY2015 us-gaap Property Plant And Equipment Gross Period Increase Decrease
PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease
214151000 USD
CY2014 us-gaap Property Plant And Equipment Gross Period Increase Decrease
PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease
109740000 USD
CY2013 us-gaap Property Plant And Equipment Gross Period Increase Decrease
PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease
144368000 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4089000 USD
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6419000 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9480000 USD
CY2015 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
88707000 USD
CY2014 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
79355000 USD
CY2013 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
111775000 USD
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
63623000 shares
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
63624000 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
63623000 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
63624000 shares
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
12414000 shares
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
11655000 shares
CY2015Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1093004000 USD
CY2014Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1038856000 USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
56992000 USD
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1780000 USD
CY2014 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2015 dv Adjustment Of Earn Out Accrual
AdjustmentOfEarnOutAccrual
0 USD
CY2014 dv Adjustment Of Earn Out Accrual
AdjustmentOfEarnOutAccrual
0 USD
CY2013 dv Adjustment Of Earn Out Accrual
AdjustmentOfEarnOutAccrual
-4381000 USD
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.17
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.09
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.14
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.07
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
CY2015 dv Increase Decrease In Deferred And Advanced Tuition Revenue
IncreaseDecreaseInDeferredAndAdvancedTuitionRevenue
-9314000 USD
CY2014 dv Increase Decrease In Deferred And Advanced Tuition Revenue
IncreaseDecreaseInDeferredAndAdvancedTuitionRevenue
301000 USD
CY2013 dv Increase Decrease In Deferred And Advanced Tuition Revenue
IncreaseDecreaseInDeferredAndAdvancedTuitionRevenue
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CY2015 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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CY2014 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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CY2013 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><font style="FONT-SIZE: 10pt"> NOTE&#160;1:&#160;&#160;NATURE OF OPERATIONS</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">DeVry Education Group Inc. (&#8220;DeVry Group&#8221;) is a global provider of educational services and one of the largest publicly-held educational organizations in the world. 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Carrington College offers degree and diploma programs primarily in health care, dental, and veterinary career fields.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Becker Professional Education (&#8220;Becker&#8221;) prepares candidates for the Certified Public Accountant (&#8220;CPA&#8221;), Association of Chartered Certified Accountants (&#8220;ACCA&#8221;) and Chartered Institute of Management Accountants (&#8220;CIMA&#8221;) professional certification examinations, and offers continuing professional education programs and seminars in accounting and finance. These classes are taught in nearly <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 300</font> locations, including sites in 55 foreign countries and some DeVry University teaching sites. Becker&#8217;s physicians review offers comprehensive review programs for physicians preparing for the United States Medical Licensing Examination (USMLE).</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">DeVry Brasil is based in the city of Fortaleza, State of Cear&#225;, in the Northeast region of Brazil and&#160;is currently comprised of 11 institutions: Faculdades Nordeste (&#8220;Fanor&#8221;), Faculdade Ruy Barbosa (&#8220;Ruy Barbosa&#8221; or &#8220;Ruy&#8221;) Faculdade &#193;REA1 (&#8220;&#193;REA1&#8221;), Faculdade Boa Viagem (&#8220;FBV&#8221;), Centro Universit&#225;rio Vale do Ipojuca (&#8220;UniFavip&#8221;), Faculdade Diferencial Integral (&#8220;Facid&#8221;), Faculdade DeVry Sao Luis (&#8220;DeVry Sao Luis&#8221;), Faculdade DeVry Joao Pessoa (&#8220;DeVry Joao Pessoa&#8221;), Faculdade Martha Falc&#227;o (&#8220;FMF&#8221;), Faculdade Ideal (&#8220;Faci&#8221;) and Dam&#225;sio Educacional (&#8220;Damasio&#8221;). These schools operate <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">17</font> campuses located in 11 States in Northeast, North and Southeast Brazil. DeVry Brasil has also incorporated Damasio&#8217;s franchise system, with approximately 220 learning centers distributed throughout Brazil. DeVry Brasil&#8217;s institutions offer undergraduate and graduate programs mainly focused in business, management, medical, healthcare, law and engineering. 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1741000 USD
CY2013 us-gaap Interest Paid Net
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CY2014 us-gaap Income Taxes Paid Net
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27864000 USD
CY2013 us-gaap Income Taxes Paid Net
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28843000 USD
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568000 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
196576000 USD
CY2012Q2 us-gaap Stockholders Equity
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1356393000 USD
CY2013Q2 us-gaap Stockholders Equity
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1397156000 USD
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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1793000 USD
CY2014 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
-4860000 USD
CY2015 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
-2427000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
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15493000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
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17685000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
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17440000 USD
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21736000 USD
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21903000 USD
CY2015 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
23230000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
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3685000 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6928000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3458000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
-1864000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
1276000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
2580000 USD
CY2013 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1704000 USD
CY2014 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1372000 USD
CY2015 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1335000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
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53886000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
25918000 USD
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
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0 USD
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
0 USD
CY2013Q2 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
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5787000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
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39033000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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101287000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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88385000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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84353000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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306949000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due Current
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109072000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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105911000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
90100000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
87100000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
95200000 USD
CY2015 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
1011000 USD
CY2014 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-4992000 USD
CY2013 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
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-20767000 USD
CY2015 dv Disposal Group Including Discontinued Operation Asset Impairment Charge
DisposalGroupIncludingDiscontinuedOperationAssetImpairmentCharge
0 USD
CY2014 dv Disposal Group Including Discontinued Operation Asset Impairment Charge
DisposalGroupIncludingDiscontinuedOperationAssetImpairmentCharge
13105000 USD
CY2013 dv Disposal Group Including Discontinued Operation Asset Impairment Charge
DisposalGroupIncludingDiscontinuedOperationAssetImpairmentCharge
4816000 USD
CY2015 dv Disposal Group Including Discontinued Operation Restructuring Expense
DisposalGroupIncludingDiscontinuedOperationRestructuringExpense
0 USD
CY2014 dv Disposal Group Including Discontinued Operation Restructuring Expense
DisposalGroupIncludingDiscontinuedOperationRestructuringExpense
705000 USD
CY2013 dv Disposal Group Including Discontinued Operation Restructuring Expense
DisposalGroupIncludingDiscontinuedOperationRestructuringExpense
273000 USD
CY2013 dv Assets Sale Price On Divestiture Of Businesses
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2000000 USD
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
1000000 USD
CY2013Q3 dv Adjustment Of Income Loss From Discontinued Operations Related To Impairment Of Charge
AdjustmentOfIncomeLossFromDiscontinuedOperationsRelatedToImpairmentOfCharge
5000000 USD
CY2015 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.040 pure
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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26600000 USD
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
33700000 USD
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
33400000 USD
CY2015 dv Employee Stock Purchase Program Authorized Amount
EmployeeStockPurchaseProgramAuthorizedAmount
25000 USD
CY2015 dv Employee Purchase Plan Purchase Price Percentage Of Fair Market Value
EmployeePurchasePlanPurchasePricePercentageOfFairMarketValue
0.95 pure
CY2015 dv Employee Purchase Plan Purchase Price Percentage Of Subsidy By Employer
EmployeePurchasePlanPurchasePricePercentageOfSubsidyByEmployer
0.05 pure
CY2015 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
32987 shares
CY2014 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
40468 shares
CY2015Q2 dv Financing Receivable Recorded Investmen Tsixty To Eighty Nine Days Past Due
FinancingReceivableRecordedInvestmenTsixtyToEightyNineDaysPastDue
1761000 USD
CY2014Q2 dv Financing Receivable Recorded Investmen Tsixty To Eighty Nine Days Past Due
FinancingReceivableRecordedInvestmenTsixtyToEightyNineDaysPastDue
1836000 USD
CY2015Q2 dv Financingreceivablerecordedinvestmentthirtytofiftyninedayspastdue
Financingreceivablerecordedinvestmentthirtytofiftyninedayspastdue
6163000 USD
CY2014Q2 dv Financingreceivablerecordedinvestmentthirtytofiftyninedayspastdue
Financingreceivablerecordedinvestmentthirtytofiftyninedayspastdue
4179000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
153660000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
164969000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
179367000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
15504000 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
54449000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
10146000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
32660000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
46958000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2756000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5133000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5274000 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2602000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1240000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2217000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-45000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-9545000 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-16128000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-486000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4447000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
417000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
3564000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
2658000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
489000 USD
CY2015 dv Provision For Deferred Income Tax Expense Benefit
ProvisionForDeferredIncomeTaxExpenseBenefit
3033000 USD
CY2014 dv Provision For Deferred Income Tax Expense Benefit
ProvisionForDeferredIncomeTaxExpenseBenefit
-11334000 USD
CY2013 dv Provision For Deferred Income Tax Expense Benefit
ProvisionForDeferredIncomeTaxExpenseBenefit
-15222000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4137000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2251000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1666000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1482000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1210000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
9096000 USD
CY2015 dv Devry University Operating Cost Savings Description
DevryUniversityOperatingCostSavingsDescription
Further reduce DeVry University&#8217;s cost structure. While marketing spending will increase in the focused local markets, overall marketing spending in other areas will be reduced. In total, operating cost savings of over $125 million are projected in fiscal year 2016. From fiscal year 2013 through fiscal year 2015, DeVry University&#8217;s cost structure was reduced by more than $300 million by aligning its cost structure with enrollments, while continuing to enhance quality and service.
CY2015 dv Basis Points For Discount Rates Description
BasisPointsForDiscountRatesDescription
An increase of 100 basis points in the discount rates used in this analysis would result in no less than a 14% premium of fair value over carrying value except for Carrington where fair value was less than carrying value.
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
53787000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
62778000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
57739000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-36428000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-36659000 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-33395000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2453000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2997000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7854000 USD
CY2015 us-gaap Income Tax Effects Allocated Directly To Equity Employee Stock Options
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0.0 pure
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0.146 pure
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1500000 USD
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1200000 USD
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100000 USD
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100000 USD
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2509000 USD
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65000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
2574000 USD
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2013 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
7400000 USD
CY2013Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4800000 USD
CY2015 dv Percentage Of Budgeted Operating Income
PercentageOfBudgetedOperatingIncome
0.1 pure
CY2014 dv Percentage Of Decline In Revenue
PercentageOfDeclineInRevenue
0.055 pure
CY2014 dv Percentage Of Decline In Operating Income Before Special Charges
PercentageOfDeclineInOperatingIncomeBeforeSpecialCharges
0.594 pure
CY2015 dv Savings In Operating Cost
SavingsInOperatingCost
300000000 USD
CY2015 dv Estimated Fair Value Excess Percentage
EstimatedFairValueExcessPercentage
0.08 pure
CY2015 dv Percentage Of Premium Fair Value Over Carrying Value
PercentageOfPremiumFairValueOverCarryingValue
0.14 pure
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y8M23D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y6M29D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y7M17D
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4204 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4376 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4367 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0203 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0216 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0103 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0103 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0090 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0061 pure
CY2015 dv Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Pre Vesting Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsPreVestingForfeitureRate
0.0300 pure
CY2014 dv Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Pre Vesting Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsPreVestingForfeitureRate
0.0300 pure
CY2013 dv Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Pre Vesting Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsPreVestingForfeitureRate
0.0300 pure
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17440000 USD
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17685000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15493000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6307000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6052000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5142000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
11133000 USD
CY2014 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
11633000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
10351000 USD
CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
21600000 USD
CY2015 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
18300000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
16800000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
8900000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5400000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7200000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1000000 USD
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P5Y
CY2015 us-gaap Concentration Risk Benchmark Description
ConcentrationRiskBenchmarkDescription
less than 5%
CY2014 us-gaap Concentration Risk Benchmark Description
ConcentrationRiskBenchmarkDescription
less than 5%
CY2013 us-gaap Concentration Risk Benchmark Description
ConcentrationRiskBenchmarkDescription
less than 5%
CY2015 dv Intangible Assets Estimated Fair Value Description
IntangibleAssetsEstimatedFairValueDescription
The impairment review completed in the fourth quarter of fiscal year 2015 indicated the fair value exceeded the carrying value of the DeVry University reporting unit by 114%. Due to the effects of continually declining enrollment, this excess margin had been declining in recent periods; however, because of the operational strategies discussed above and their expected effect on both revenue growth rates and operating margins this excess margin increased this fiscal year. The local market strategy which includes reducing the number of physical locations of DeVry University and focusing efforts on strategically selected markets will require less capital investment, and less administrative resources. This along with expense reductions already achieved and planned is expected to produce higher free cash flows despite lower revenue. These higher cash flows are the basis for the increased fair value premium. A 50% decrease future projected operating income used in this analysis would result in no less than a 40% premium of fair value over carrying value.
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 6.5pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b><i><u><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Use of Estimates</font></u></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the amounts of revenues and expenses reported during the period. Actual results could differ from those estimates.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
5900000 USD

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