2012 Q4 Form 10-K Financial Statement

#000119312513083541 Filed on February 28, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $303.3M $314.9M $343.0M
YoY Change -30.8% -26.08% -28.77%
Cost Of Revenue -$51.20M $117.9M $107.0M
YoY Change -174.96% -22.79% -32.28%
Gross Profit $23.30M $198.2M $193.2M
YoY Change -87.88% -28.11% -40.9%
Gross Profit Margin 7.68% 62.94% 56.32%
Selling, General & Admin -$9.100M $219.9M $206.4M
YoY Change -104.88% -5.86% -8.1%
% of Gross Profit -39.06% 110.95% 106.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.20M $20.50M $20.00M
YoY Change -4.07% -8.48% -2.44%
% of Gross Profit 90.99% 10.34% 10.35%
Operating Expenses -$16.30M $238.7M $223.5M
YoY Change -108.14% -6.68% -8.74%
Operating Profit -$91.53M -$39.56M -$100.9M
YoY Change -45.48% -296.84% -226.96%
Interest Expense $200.0K $23.00K $28.00K
YoY Change -300.0% -47.73% -28.21%
% of Operating Profit
Other Income/Expense, Net -$200.0K $370.0K $365.0K
YoY Change -7.96% 89.12%
Pretax Income $38.60M -$39.61M -$101.4M
YoY Change -119.6% -253.8% -229.64%
Income Tax $24.00M -$13.93M -$19.03M
% Of Pretax Income 62.18%
Net Earnings -$61.49M -$33.15M -$100.2M
YoY Change -48.95% -411.7% -281.08%
Net Earnings / Revenue -20.28% -10.53% -29.22%
Basic Earnings Per Share -$0.93 -$0.50 -$1.52
Diluted Earnings Per Share -$0.93 -$0.50 -$1.52
COMMON SHARES
Basic Shares Outstanding 67.10M shares 66.10M shares 66.03M shares
Diluted Shares Outstanding 66.10M shares 66.03M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $176.8M $373.3M $369.9M
YoY Change -59.93% -16.88% -4.86%
Cash & Equivalents $112.4M $133.1M $209.3M
Short-Term Investments $63.90M $130.5M $160.6M
Other Short-Term Assets $4.393M $5.214M $6.179M
YoY Change -75.42% -94.46% -93.68%
Inventory $8.361M $9.157M $10.00M
Prepaid Expenses $38.23M $75.18M $73.24M
Receivables $54.19M $65.02M $55.58M
Other Receivables $2.100M $2.700M $2.100M
Total Short-Term Assets $543.6M $545.0M $531.2M
YoY Change -10.96% -11.4% -4.95%
LONG-TERM ASSETS
Property, Plant & Equipment $247.8M $317.5M $327.3M
YoY Change -29.15% -12.01% -10.29%
Goodwill $87.36M $131.9M $130.9M
YoY Change -48.83%
Intangibles $56.01M $74.03M $74.63M
YoY Change -26.58%
Long-Term Investments
YoY Change
Other Assets $30.28M $42.29M $40.24M
YoY Change 0.51% -24.48% -27.62%
Total Long-Term Assets $579.1M $600.1M $607.8M
YoY Change -17.93% -34.58% -34.62%
TOTAL ASSETS
Total Short-Term Assets $543.6M $545.0M $531.2M
Total Long-Term Assets $579.1M $600.1M $607.8M
Total Assets $1.123B $1.145B $1.139B
YoY Change -14.7% -25.28% -23.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.07M $53.24M $38.38M
YoY Change -33.69% 11.84% -19.03%
Accrued Expenses $73.80M $87.90M $92.10M
YoY Change -32.23% -15.56% -14.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $80.00M $300.0K $400.0K
YoY Change 9900.0% -66.67% -55.56%
Total Short-Term Liabilities $352.7M $310.8M $270.2M
YoY Change 7.06% -24.88% -25.27%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $28.65M $35.89M $36.85M
YoY Change -29.03% -79.07% -79.04%
Total Long-Term Liabilities $158.2M $162.5M $166.5M
YoY Change -12.4% -5.41% -5.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $352.7M $310.8M $270.2M
Total Long-Term Liabilities $158.2M $162.5M $166.5M
Total Liabilities $510.9M $473.3M $436.7M
YoY Change 0.17% -19.17% -18.79%
SHAREHOLDERS EQUITY
Retained Earnings $232.9M $294.3M $327.5M
YoY Change -38.01%
Common Stock $816.0K $816.0K $817.0K
YoY Change -0.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $214.0M $214.0M $214.0M
YoY Change 36.93%
Treasury Stock Shares 14.55M shares 14.55M shares 14.54M shares
Shareholders Equity $611.8M $671.7M $702.3M
YoY Change
Total Liabilities & Shareholders Equity $1.123B $1.145B $1.139B
YoY Change -14.7% -25.27% -23.48%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income -$61.49M -$33.15M -$100.2M
YoY Change -48.95% -411.7% -281.08%
Depreciation, Depletion And Amortization $21.20M $20.50M $20.00M
YoY Change -4.07% -8.48% -2.44%
Cash From Operating Activities -$49.30M $15.90M -$800.0K
YoY Change -333.65% -83.19% -101.45%
INVESTING ACTIVITIES
Capital Expenditures -$8.400M -$9.500M -$7.700M
YoY Change -22.94% -51.28% -68.05%
Acquisitions
YoY Change
Other Investing Activities $71.20M $28.10M -$3.100M
YoY Change 1067.21% 230.59% -29.55%
Cash From Investing Activities $62.80M $18.60M -$10.80M
YoY Change -1408.33% -269.09% -62.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.70M 300.0K -2.200M
YoY Change 5.99% -101.58% -94.24%
NET CHANGE
Cash From Operating Activities -49.30M 15.90M -800.0K
Cash From Investing Activities 62.80M 18.60M -10.80M
Cash From Financing Activities -17.70M 300.0K -2.200M
Net Change In Cash -4.200M 34.80M -13.80M
YoY Change 950.0% -46.13% 17.95%
FREE CASH FLOW
Cash From Operating Activities -$49.30M $15.90M -$800.0K
Capital Expenditures -$8.400M -$9.500M -$7.700M
Free Cash Flow -$40.90M $25.40M $6.900M
YoY Change -227.81% -77.74% -91.29%

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CY2010 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
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0.524 pure
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
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0.325 pure
CY2010 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y9M18D
CY2010 us-gaap Treasury Stock Value Acquired Cost Method
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154913000
CY2010 us-gaap Increase Decrease In Deferred Revenue
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-12653000
CY2010 us-gaap Increase Decrease In Accounts Receivable
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30105000
CY2010 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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242618000
CY2010 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.003 pure
CY2010 us-gaap Interest Paid
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162000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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651000
CY2010 us-gaap Income Loss From Continuing Operations
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CY2010 us-gaap Share Based Compensation
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17318000
CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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29.53
CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2010 us-gaap Provision For Doubtful Accounts
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CY2010 us-gaap Depreciation And Amortization
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CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
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4410000
CY2010 us-gaap Payments For Proceeds From Productive Assets
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0
CY2010 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2010 us-gaap Current State And Local Tax Expense Benefit
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11121000
CY2010 us-gaap Other Sales Revenue Net
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CY2010 us-gaap Proceeds From Sale Of Available For Sale Securities
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CY2010 us-gaap Operating Income Loss
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CY2010 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2010 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2010 us-gaap General And Administrative Expense
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CY2010 us-gaap Restricted Stock Expense
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9485000
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2010 us-gaap Other Payments To Acquire Businesses
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CY2010 us-gaap Net Cash Provided By Used In Financing Activities
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CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350 pure
CY2010 us-gaap Comprehensive Income Net Of Tax
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CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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2231000
CY2010 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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215000
CY2010 us-gaap Deferred Income Tax Expense Benefit
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CY2010 us-gaap Net Income Loss
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CY2010 us-gaap Nonoperating Income Expense
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273000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2010 us-gaap Costs And Expenses
CostsAndExpenses
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.025 pure
CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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40.70
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.95
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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3765000
CY2010 us-gaap Payments For Repurchase Of Common Stock
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
128845 shares
CY2010 us-gaap Disposal Group Including Discontinued Operation Revenue
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55127000
CY2010 us-gaap Current Federal Tax Expense Benefit
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CY2010 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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0
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
283932 shares
CY2010 us-gaap Advertising Expense
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298500000
CY2010 us-gaap Revenues
Revenues
2069553000
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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1518000
CY2010 us-gaap Tax Benefit From Stock Options Exercised1
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223000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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88000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
273002 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1037218 shares
CY2010 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
7419000
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
127283000
CY2010 us-gaap Defined Contribution Plan Cost Recognized
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11500000
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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223000
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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810000
CY2010 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2010 us-gaap Amortization Of Intangible Assets
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900000
CY2010 us-gaap Current Income Tax Expense Benefit
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CY2010 us-gaap Concentration Risk Percentage1
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0.82 pure
CY2010 us-gaap Increase Decrease In Accounts Payable
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4364000
CY2010 us-gaap Proceeds From Issuance Of Common Stock
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3109000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2010 us-gaap Gain Loss On Sale Of Business
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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84779 shares
CY2010 us-gaap Payments To Acquire Available For Sale Securities
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291864000
CY2010 us-gaap Current Foreign Tax Expense Benefit
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3565000
CY2010 us-gaap Depreciation
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67800000
CY2010 us-gaap Income Taxes Paid Net
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CY2010 us-gaap Payments For Proceeds From Other Investing Activities
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CY2010 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2010 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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0
CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
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72000
CY2010 us-gaap Increase Decrease In Other Receivables
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459000
CY2010 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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3892000
CY2010 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
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9600000
CY2010 us-gaap Interest Expense
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2010 us-gaap Net Cash Provided By Used In Operating Activities
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CY2010 us-gaap Gain Loss On Sale Of Accounts Receivable
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CY2010 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2010 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2010 ceco Allowance For Doubtful Accounts
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68815000
CY2010 ceco Educational Services And Facilities Expense
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CY2010 ceco Disposal Group Including Discontinued Operation Depreciation Expenses
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2600000
CY2010 ceco Costs Of Other Goods And Services Included In Educational Services And Facilities Expense
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88300000
CY2010 ceco Increase Decrease In Accrued Expenses And Deferred Rent Obligations
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CY2010 ceco Increase Decrease In Inventories Prepaid Expenses And Other Current Assets
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1542000
CY2010 ceco Increase Decrease In Deposits And Other Non Current Assets
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1794000
CY2010 ceco Provision For Doubtful Accounts Including Discontinued Operations
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106324000
CY2010 ceco Remaining Lease Obligations Incurred
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6527000
CY2010 ceco Remaining Lease Obligations Net Cash Payments
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27952000
CY2010 ceco Remaining Lease Obligations Other
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CY2010 ceco Revenue From Tuition And Registration Fees
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CY2010 ceco Unrecognized Tax Benefits Income Tax Penalties And Interest Expense Recognized
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700000
CY2010 ceco Accounts Receivable Write Offs
AccountsReceivableWriteOffs
67795000
CY2010 ceco Common Stock Equivalents
CommonStockEquivalents
948000 shares
CY2010 ceco Shares That Have Anti Dilutive Effect On Diluted Net Income Per Share
SharesThatHaveAntiDilutiveEffectOnDilutedNetIncomePerShare
2400000 shares
CY2010 ceco Goodwill And Asset Impairment Charges
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70429000
CY2010 ceco Employee Stock Purchase Plans
EmployeeStockPurchasePlans
414000
CY2010 ceco Goodwill And Asset Impairment Charges Of Continuing And Discontinued Operations
GoodwillAndAssetImpairmentChargesOfContinuingAndDiscontinuedOperations
71829000
CY2011 us-gaap Other Nonoperating Income Expense
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CY2011 us-gaap Repayments Of Assumed Debt
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CY2011 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
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CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
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141625 shares
CY2011 us-gaap Gain On Purchase Of Business
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0
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2011 us-gaap Depreciation Depletion And Amortization
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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20070000
CY2011 us-gaap Proceeds From Repayments Of Lines Of Credit
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CY2011 us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
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CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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CY2011 us-gaap Net Cash Provided By Used In Investing Activities
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CY2011 us-gaap Investment Income Interest
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1376000
CY2011 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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14.60
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
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2069000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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23409000
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
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74498000 shares
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.29
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
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0.533 pure
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
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1.075 pure
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y6M
CY2011 us-gaap Treasury Stock Value Acquired Cost Method
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150445000
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2595000
CY2011 us-gaap Increase Decrease In Accounts Receivable
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-29917000
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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43479000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2011 us-gaap Interest Paid
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116000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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1112000
CY2011 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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1.035 pure
CY2011 us-gaap Share Based Compensation
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14831000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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21.87
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
54825000
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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121700000
CY2011 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2301000
CY2011 us-gaap Earnings Per Share Basic
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0.25
CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2011 us-gaap Deferred Income Tax Expense Benefit
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32012000
CY2011 us-gaap Net Income Loss
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18573000
CY2011 us-gaap Nonoperating Income Expense
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2785000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
565720 shares
CY2011 us-gaap Goodwill Acquired During Period
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8853000
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
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1600000
CY2011 us-gaap Goodwill Translation Adjustments
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-2117000
CY2011 us-gaap Depreciation And Amortization
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82350000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-8890000
CY2011 us-gaap Payments For Proceeds From Productive Assets
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.156 pure
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
759000
CY2011 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
56623000
CY2011 us-gaap Proceeds From Sale Of Available For Sale Securities
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188322000
CY2011 us-gaap Operating Income Loss
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40694000
CY2011 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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19162000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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24.69
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
1832675000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.022 pure
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
36.94
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1748000
CY2011 us-gaap Payments For Repurchase Of Common Stock
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150445000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
188788 shares
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
932643000
CY2011 us-gaap Restricted Stock Expense
RestrictedStockExpense
8978000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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74498000 shares
CY2011 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
16355000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
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CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350 pure
CY2011 us-gaap Available For Sale Securities Gross Realized Gains
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31000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13518000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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2764000
CY2011 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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644000
CY2011 us-gaap Disposal Group Including Discontinued Operation Revenue
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42868000
CY2011 us-gaap Current Federal Tax Expense Benefit
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11787000
CY2011 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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0
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
816017 shares
CY2011 us-gaap Advertising Expense
AdvertisingExpense
287200000
CY2011 us-gaap Revenues
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1873369000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1894000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46740000
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-40000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
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<div> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2"><b>1. DESCRIPTION OF THE COMPANY</b></font></p> <p style="margin-top:6px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The colleges, schools and universities that are part of the Career Education Corporation (&#x201C;CEC&#x201D;) family offer high-quality education to a diverse student population of more than 75,000 students across the world in a variety of career-oriented disciplines through online, on-ground and hybrid learning program offerings. The more than 90 campuses that serve these students are located throughout the United States and in France, the United Kingdom and Monaco, and offer doctoral, master&#x2019;s, bachelor&#x2019;s and associate degrees and diploma and certificate programs.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">We are an industry leader whose institutions are recognized globally. Those institutions include, among others, American InterContinental University (&#x201C;AIU&#x201D;); Brooks Institute; Colorado Technical University (&#x201C;CTU&#x201D;); Harrington College of Design; INSEEC Group (&#x201C;INSEEC&#x201D;) Schools; International University of Monaco (&#x201C;IUM&#x201D;); International Academy of Design&#xA0;&amp; Technology (&#x201C;IADT&#x201D;); Le Cordon Bleu North America (&#x201C;LCB&#x201D;); and Sanford-Brown Institutes and Colleges. Through our schools, we are committed to providing high-quality education, enabling students to graduate and pursue rewarding career opportunities.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">For more information, see our website at <i>www.careered.com</i>. The website includes a detailed listing of individual campus locations and web links to our colleges, schools and universities.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">As used in this Annual Report on Form 10-K, the terms &#x201C;we,&#x201D; &#x201C;us,&#x201D; &#x201C;our,&#x201D; &#x201C;the Company&#x201D; and &#x201C;CEC&#x201D; refer to Career Education Corporation and our wholly-owned subsidiaries. The terms &#x201C;school&#x201D; and &#x201C;university&#x201D; refer to an individual, branded, for profit educational institution, owned by us and includes its campus locations. The term &#x201C;campus&#x201D; refers to an individual main or branch campus operated by one of our schools or universities.</font></p> </div>
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CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>c. Management&#x2019;s Use of Estimates</i></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with generally accepted accounting principles in the U.S. (&#x201C;GAAP&#x201D;) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the reported period. Significant estimates, among others, include the allowance for doubtful accounts, the allocation of purchase price to the fair value of net assets and liabilities acquired in connection with business combinations, the assumptions surrounding sublease income utilized in determining the fair value of remaining lease obligations, assumptions utilized in calculating our deferred tax balances, fair values used in asset impairment evaluations including goodwill and intangible assets,&#xA0;and the assumptions used in determining the fair value of accruals for severance and related costs. Although these estimates are based upon management&#x2019;s best knowledge of current events and actions that we may undertake in the future, actual results could differ from these estimates.</font></p> </div>
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
3794000
CY2012 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
10100000
CY2012 us-gaap Interest Expense
InterestExpense
271000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.10
CY2012 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P10Y
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
351000
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
188000
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-11984000
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1599000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-39650000
CY2012 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16798000
CY2012 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-720000
CY2012 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-4310000
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-2.03
CY2012 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
200000
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-7890000
CY2012 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
7000
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.038 pure
CY2012 ceco Lease Expiration Year
LeaseExpirationYear
2019
CY2012 ceco Student Receivables Written Off Period
StudentReceivablesWrittenOffPeriod
Greater than 90 days
CY2012 ceco Estimated Pretax Compensation Expenses Expiration In Years
EstimatedPretaxCompensationExpensesExpirationInYears
Four
CY2012 ceco Years Ars Auction Events Have Been Failing
YearsArsAuctionEventsHaveBeenFailing
3 Y
CY2012 ceco Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
57908000
CY2012 ceco Business Acquisition Purchase Price Allocation Estimated Earn Out Payment Payable
BusinessAcquisitionPurchasePriceAllocationEstimatedEarnOutPaymentPayable
1600000
CY2012 ceco Educational Services And Facilities Expense
EducationalServicesAndFacilitiesExpense
571169000
CY2012 ceco Disposal Group Including Discontinued Operation Depreciation Expenses
DisposalGroupIncludingDiscontinuedOperationDepreciationExpenses
300000
CY2012 ceco Costs Of Other Goods And Services Included In Educational Services And Facilities Expense
CostsOfOtherGoodsAndServicesIncludedInEducationalServicesAndFacilitiesExpense
56500000
CY2012 ceco Estimated Share Based Compensation Expense
EstimatedShareBasedCompensationExpense
12000000
CY2012 ceco Increase Decrease In Accrued Expenses And Deferred Rent Obligations
IncreaseDecreaseInAccruedExpensesAndDeferredRentObligations
-19473000
CY2012 ceco Increase Decrease In Inventories Prepaid Expenses And Other Current Assets
IncreaseDecreaseInInventoriesPrepaidExpensesAndOtherCurrentAssets
-16244000
CY2012 ceco Increase Decrease In Deposits And Other Non Current Assets
IncreaseDecreaseInDepositsAndOtherNonCurrentAssets
-1654000
CY2012 ceco Maximum Salary Of Employee Allowed To Purchase Shares Under Purchase Plan
MaximumSalaryOfEmployeeAllowedToPurchaseSharesUnderPurchasePlan
25000
CY2012 ceco Provision For Doubtful Accounts Including Discontinued Operations
ProvisionForDoubtfulAccountsIncludingDiscontinuedOperations
40022000
CY2012 ceco Remaining Lease Obligations Incurred
RemainingLeaseObligationsIncurred
7371000
CY2012 ceco Remaining Lease Obligations Net Cash Payments
RemainingLeaseObligationsNetCashPayments
11055000
CY2012 ceco Remaining Lease Obligations Other
RemainingLeaseObligationsOther
CY2012 ceco Revenue From Tuition And Registration Fees
RevenueFromTuitionAndRegistrationFees
1460959000
CY2012 ceco Tax Adjustments Settlements And Unusual Provisions Current
TaxAdjustmentsSettlementsAndUnusualProvisionsCurrent
10900000
CY2012 ceco Tax Adjustments Settlements And Unusual Provisions Noncurrent
TaxAdjustmentsSettlementsAndUnusualProvisionsNoncurrent
13600000
CY2012 ceco Unrecognized Tax Benefits Income Tax Penalties And Interest Expense Recognized
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpenseRecognized
500000
CY2012 ceco Accounts Receivable Write Offs
AccountsReceivableWriteOffs
56678000
CY2012 ceco Employer Vested To Defined Contribution Retirement Saving Plan Percentage
EmployerVestedToDefinedContributionRetirementSavingPlanPercentage
1.00 pure
CY2012 ceco Capital Leases Annual Interest Rate
CapitalLeasesAnnualInterestRate
0.0625 pure
CY2012 ceco Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Percentage
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePercentage
0.95 pure
CY2012 ceco Share Based Compensation Arrangement By Share Based Payment Award Cumulative Shares Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardCumulativeSharesIssued
2600000 shares
CY2012 ceco Combined Summary Results Of Operations For Discontinued Operations
CombinedSummaryResultsOfOperationsForDiscontinuedOperations
<div> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Combined summary results of operations for our discontinued operations for the years ended December&#xA0;31, 2012, 2011 and 2010, were as follows:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="84%" align="center"> <tr> <td width="72%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="10" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>For the Year Ended December&#xA0;31,</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2011 <sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2010</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom" colspan="10" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>(Dollars in thousands)</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Revenue</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,295</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">42,868</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">55,127</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">(Loss) income before income tax</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(12,200</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">19,162</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(9,292</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Income tax benefit</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(4,310</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(2,672)</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(3,395</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">(Loss) income from discontinued operations, net of tax</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(7,890</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">21,834</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(5,897</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p style="BORDER-BOTTOM: #000000 0.5pt solid; LINE-HEIGHT: 8px; MARGIN-TOP: 0px; WIDTH: 10%; MARGIN-BOTTOM: 2px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="4%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">(1)</font></td> <td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">During the year ended December&#xA0;31, 2011, we completed the sale of our Istituto Marangoni schools in Milan, Paris and London. As a result of that transaction we recorded a pretax gain of approximately $27.1 million. The income tax benefit for fiscal 2011 included $0.3 million of income tax expense related to this sale. The tax gain related to this transaction was significantly less than the gain reflected within the income before income tax for fiscal 2011 due to the $20.2 million of goodwill which was allocated to the remainder of the International reporting unit for book purposes, but which was included in the net assets sold for purposes of calculating the taxable gain.</font> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px"> <font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></p> </td> </tr> </table> </div>
CY2012 ceco Assets And Liabilities Of Discontinued Operations On Consolidated Balance Sheets
AssetsAndLiabilitiesOfDiscontinuedOperationsOnConsolidatedBalanceSheets
<div> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Assets and liabilities of discontinued operations on our consolidated balance sheets as of December&#xA0;31, 2012 and 2011 include the following:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="76%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>As of December&#xA0;31,</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2011</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom" colspan="6" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>(Dollars in thousands)</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Assets:</b></font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Current assets:</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">62</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Receivables, net</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">421</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">736</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Other current assets</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">142</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Deferred income tax assets</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,450</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,327</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 5em"><font style="FONT-FAMILY: Times New Roman" size="2">Total current assets</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,933</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,205</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Non-current assets:</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Property and equipment, net</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">69</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Intangible assets, net</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">900</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Deferred income tax assets</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">17,083</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">22,270</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Other assets, net</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,540</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,666</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Total assets of discontinued operations</b></font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">22,563</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">29,110</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Liabilities:</b></font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Current liabilities:</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Accounts payable</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">49</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Accrued expenses</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">644</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">613</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Deferred tuition revenue</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">251</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Remaining lease obligations</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">9,174</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7,981</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 5em"><font style="FONT-FAMILY: Times New Roman" size="2">Total current liabilities</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">9,826</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">8,894</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Non-current liabilities:</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Remaining lease obligations</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">33,103</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">37,980</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Total liabilities of discontinued operations</b></font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">42,929</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">46,874</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div>
CY2012 ceco Employee Stock Purchase Plans
EmployeeStockPurchasePlans
143000
CY2012 ceco Goodwill And Asset Impairment Charges
GoodwillAndAssetImpairmentCharges
127007000
CY2012 ceco Operating Lease Expiration Date
OperatingLeaseExpirationDate
2028
CY2012 ceco Short Term Investment Continuous Unrealized Loss Position Period
ShortTermInvestmentContinuousUnrealizedLossPositionPeriod
P1Y
CY2012 ceco Tax Effect Of Stock Settlements
TaxEffectOfStockSettlements
5429000
CY2012 ceco Severance Accrual Long Term Portion
SeveranceAccrualLongTermPortion
2700000
CY2012 ceco Retention Bonuses Accrued In Association With Restructuring
RetentionBonusesAccruedInAssociationWithRestructuring
300000
CY2012 ceco Estimated Gain Loss On Sale Of Business
EstimatedGainLossOnSaleOfBusiness
7000000
CY2012 ceco Cash And Cash Equivalents Unrestricted Unrealized Gain
CashAndCashEquivalentsUnrestrictedUnrealizedGain
12000
CY2012 ceco Goodwill And Asset Impairment Charges Of Continuing And Discontinued Operations
GoodwillAndAssetImpairmentChargesOfContinuingAndDiscontinuedOperations
127007000
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
109041000
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.96
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
73035000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
CY2011Q1 us-gaap Revenues
Revenues
527559000
CY2011Q1 us-gaap Insurance Recoveries
InsuranceRecoveries
7000000
CY2011Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
2700000
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
79442000
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
55353000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2011Q2 us-gaap Revenues
Revenues
481555000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
47907000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
52076000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.78
CY2012Q1 us-gaap Revenues
Revenues
433430000
CY2012Q1 us-gaap Insurance Recoveries
InsuranceRecoveries
19000000
CY2012Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
85600000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-106779000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.52
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-100234000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.52
CY2012Q2 us-gaap Revenues
Revenues
368560000
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
20099000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
10634000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2011Q3 us-gaap Revenues
Revenues
425997000
CY2011Q3 ceco Legal Costs Related To Regulatory Matters
LegalCostsRelatedToRegulatoryMatters
11400000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-47662000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-33146000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2012Q3 us-gaap Revenues
Revenues
332588000
CY2012Q3 ceco Amount Of Earnings To Be Repatriated From Foreign Subsidiaries Upon Asset Divestiture
AmountOfEarningsToBeRepatriatedFromForeignSubsidiariesUponAssetDivestiture
39000000
CY2012Q3 ceco Title Iv Disbursement Hold Back Amount
TitleIvDisbursementHoldBackAmount
24300000
CY2011Q4 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
188800000
CY2011Q4 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
27100000
CY2011Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-167888000
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.64
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
-120449000
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.64
CY2011Q4 us-gaap Revenues
Revenues
438258000
CY2012Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
41400000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-77216000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.93
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-61492000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.93
CY2012Q4 us-gaap Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
0.30 pure
CY2012Q4 us-gaap Indefinite Lived Intangible Assets Impairment Losses
IndefiniteLivedIntangibleAssetsImpairmentLosses
12100000
CY2012Q4 us-gaap Fair Value Inputs Long Term Revenue Growth Rate
FairValueInputsLongTermRevenueGrowthRate
0.03 pure
CY2012Q4 us-gaap Revenues
Revenues
354691000
CY2012Q4 us-gaap Severance Costs
SeveranceCosts
13100000

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