2014 Q1 Form 10-K Financial Statement

#000119312514071178 Filed on February 27, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2012 Q4 2012 Q3
Revenue $240.4M $303.3M $314.9M
YoY Change 5.14% -30.8% -26.08%
Cost Of Revenue $61.60M -$51.20M $117.9M
YoY Change -36.23% -174.96% -22.79%
Gross Profit $136.5M $23.30M $198.2M
YoY Change -24.46% -87.88% -28.11%
Gross Profit Margin 56.78% 7.68% 62.94%
Selling, General & Admin $148.4M -$9.100M $219.9M
YoY Change -19.3% -104.88% -5.86%
% of Gross Profit 108.72% -39.06% 110.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.43M $21.20M $20.50M
YoY Change -20.03% -4.07% -8.48%
% of Gross Profit 11.3% 90.99% 10.34%
Operating Expenses $158.4M -$16.30M $238.7M
YoY Change -20.92% -108.14% -6.68%
Operating Profit -$40.00M -$91.53M -$39.56M
YoY Change 618.04% -45.48% -296.84%
Interest Expense $81.00K $200.0K $23.00K
YoY Change -88.53% -300.0% -47.73%
% of Operating Profit
Other Income/Expense, Net $507.0K -$200.0K $370.0K
YoY Change -107.08% -7.96%
Pretax Income -$47.23M $38.60M -$39.61M
YoY Change 70.87% -119.6% -253.8%
Income Tax $220.0K $24.00M -$13.93M
% Of Pretax Income 62.18%
Net Earnings -$58.14M -$61.49M -$33.15M
YoY Change 282.44% -48.95% -411.7%
Net Earnings / Revenue -24.19% -20.28% -10.53%
Basic Earnings Per Share -$0.93 -$0.50
Diluted Earnings Per Share -$867.2K -$0.93 -$0.50
COMMON SHARES
Basic Shares Outstanding 67.15M shares 67.10M shares 66.10M shares
Diluted Shares Outstanding 66.10M shares

Balance Sheet

Concept 2014 Q1 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $302.5M $176.8M $373.3M
YoY Change 5.11% -59.93% -16.88%
Cash & Equivalents $263.5M $112.4M $133.1M
Short-Term Investments $38.30M $63.90M $130.5M
Other Short-Term Assets $4.492M $4.393M $5.214M
YoY Change -34.38% -75.42% -94.46%
Inventory $6.329M $8.361M $9.157M
Prepaid Expenses $20.33M $38.23M $75.18M
Receivables $31.58M $54.19M $65.02M
Other Receivables $18.30M $2.100M $2.700M
Total Short-Term Assets $400.7M $543.6M $545.0M
YoY Change -8.3% -10.96% -11.4%
LONG-TERM ASSETS
Property, Plant & Equipment $170.6M $247.8M $317.5M
YoY Change -34.17% -29.15% -12.01%
Goodwill $87.36M $87.36M $131.9M
YoY Change -33.68% -48.83%
Intangibles $39.85M $56.01M $74.03M
YoY Change -34.81% -26.58%
Long-Term Investments
YoY Change
Other Assets $26.26M $30.28M $42.29M
YoY Change -18.77% 0.51% -24.48%
Total Long-Term Assets $340.8M $579.1M $600.1M
YoY Change -38.89% -17.93% -34.58%
TOTAL ASSETS
Total Short-Term Assets $400.7M $543.6M $545.0M
Total Long-Term Assets $340.8M $579.1M $600.1M
Total Assets $741.5M $1.123B $1.145B
YoY Change -25.45% -14.7% -25.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.64M $32.07M $53.24M
YoY Change -30.42% -33.69% 11.84%
Accrued Expenses $82.20M $73.80M $87.90M
YoY Change -5.84% -32.23% -15.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $80.00M $300.0K
YoY Change 9900.0% -66.67%
Total Short-Term Liabilities $205.4M $352.7M $310.8M
YoY Change -16.71% 7.06% -24.88%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $27.59M $28.65M $35.89M
YoY Change -8.2% -29.03% -79.07%
Total Long-Term Liabilities $137.9M $158.2M $162.5M
YoY Change -8.96% -12.4% -5.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $205.4M $352.7M $310.8M
Total Long-Term Liabilities $137.9M $158.2M $162.5M
Total Liabilities $343.4M $510.9M $473.3M
YoY Change -13.76% 0.17% -19.17%
SHAREHOLDERS EQUITY
Retained Earnings $10.52M $232.9M $294.3M
YoY Change -95.17% -38.01%
Common Stock $820.0K $816.0K $816.0K
YoY Change 0.24% -0.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $215.1M $214.0M $214.0M
YoY Change 0.31% 36.93%
Treasury Stock Shares 14.81M shares 14.55M shares 14.55M shares
Shareholders Equity $398.1M $611.8M $671.7M
YoY Change
Total Liabilities & Shareholders Equity $741.5M $1.123B $1.145B
YoY Change -25.45% -14.7% -25.27%

Cashflow Statement

Concept 2014 Q1 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income -$58.14M -$61.49M -$33.15M
YoY Change 282.44% -48.95% -411.7%
Depreciation, Depletion And Amortization $15.43M $21.20M $20.50M
YoY Change -20.03% -4.07% -8.48%
Cash From Operating Activities -$35.42M -$49.30M $15.90M
YoY Change 149.49% -333.65% -83.19%
INVESTING ACTIVITIES
Capital Expenditures $3.468M -$8.400M -$9.500M
YoY Change -14.94% -22.94% -51.28%
Acquisitions
YoY Change
Other Investing Activities -$15.50M $71.20M $28.10M
YoY Change -1550100.0% 1067.21% 230.59%
Cash From Investing Activities -$18.96M $62.80M $18.60M
YoY Change 210.79% -1408.33% -269.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $196.0K
YoY Change -35.53%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -188.0K -17.70M 300.0K
YoY Change -102.81% 5.99% -101.58%
NET CHANGE
Cash From Operating Activities -35.42M -49.30M 15.90M
Cash From Investing Activities -18.96M 62.80M 18.60M
Cash From Financing Activities -188.0K -17.70M 300.0K
Net Change In Cash -54.57M -4.200M 34.80M
YoY Change 301.31% 950.0% -46.13%
FREE CASH FLOW
Cash From Operating Activities -$35.42M -$49.30M $15.90M
Capital Expenditures $3.468M -$8.400M -$9.500M
Free Cash Flow -$38.89M -$40.90M $25.40M
YoY Change 112.81% -227.81% -77.74%

Facts In Submission

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CY2013 dei Entity Registrant Name
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CAREER EDUCATION CORP
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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 schools and universities that are part of the Career Education Corporation (&#x201C;CEC&#x201D;) family offer high-quality education to a diverse student population in a variety of career-oriented disciplines through online, on-ground and hybrid learning program offerings. We serve students from campuses throughout the United States, offering 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">Our institutions include, among others, American InterContinental University (&#x201C;AIU&#x201D;); Brooks Institute; Colorado Technical University (&#x201C;CTU&#x201D;); Harrington College of Design; International Academy of Design&#xA0;&amp; Technology (&#x201C;IADT&#x201D;); Le Cordon Bleu North America (&#x201C;LCB&#x201D;); and Sanford-Brown Institutes and Colleges (&#x201C;SBI&#x201D; and &#x201C;SBC&#x201D;, respectively). 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">Our website address is <i>www.careered.com.</i> The website includes a detailed listing of individual campus locations and web links to our 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, proprietary 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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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>c. Management&#x2019;s Use of Estimates</i></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <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 income tax related matters including our deferred tax balances and any respective valuation allowance, fair values used in asset impairment evaluations including goodwill, intangible assets and long-lived assets, 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>
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CY2013 us-gaap Increase Decrease In Accounts Receivable
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CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2013 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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126010000
CY2013 us-gaap Payments For Restructuring
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9120000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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19636000
CY2013 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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130100000
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CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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10000000
CY2013 us-gaap Stock Option Plan Expense
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2308000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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6103000
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CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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82500000
CY2013 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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39419000
CY2013 us-gaap Deferred Income Tax Expense Benefit
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2013 us-gaap Share Based Compensation
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CY2013 us-gaap Provision For Doubtful Accounts
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CY2013 us-gaap Depreciation And Amortization
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CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013 us-gaap Current State And Local Tax Expense Benefit
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CY2013 us-gaap Proceeds From Sale Of Available For Sale Securities
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CY2013 us-gaap Interest Expense
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CY2013 us-gaap Increase Decrease In Accounts Payable
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CY2013 us-gaap Proceeds From Issuance Of Common Stock
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CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2013 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013 us-gaap Asset Impairment Charges
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22687000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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1137000
CY2013 us-gaap Goodwill And Intangible Asset Impairment
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CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2013 us-gaap Current Income Tax Expense Benefit
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CY2013 us-gaap Restructuring Charges
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CY2013 us-gaap Current Foreign Tax Expense Benefit
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CY2013 us-gaap Depreciation
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CY2013 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2013 us-gaap Advertising Expense
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CY2013 us-gaap Income Tax Expense Benefit
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CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2013 ceco Estimated Pretax Compensation Expenses Expiration Period
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CY2013 ceco Provision For Doubtful Accounts Including Discontinued Operations
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CY2013 ceco Increase Decrease In Accrued Expenses And Deferred Rent Obligations
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CY2013 ceco Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Percentage
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CY2013 ceco Unrecognized Tax Benefits Income Tax Penalties And Interest Expense Recognized
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CY2013 ceco Short Term Investment Continuous Unrealized Loss Position Period
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CY2013 ceco Educational Services And Facilities Expense
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CY2013 ceco Tax Adjustments Settlements And Unusual Provisions Noncurrent
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CY2013 ceco Remaining Lease Obligations Net Cash Payments
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9202000
CY2013 ceco Maximum Salary Of Employee Allowed To Purchase Shares Under Purchase Plan
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25000
CY2013 ceco Disposal Group Including Discontinued Operation Depreciation Expenses
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4400000
CY2013 ceco Long Term Investment Continuous Unrealized Loss Position Period
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P1Y
CY2013 ceco Shares That Have Anti Dilutive Effect On Diluted Net Income Per Share
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0 shares
CY2013 ceco Employer Vested To Defined Contribution Retirement Saving Plan Percentage
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CY2013 ceco Revenue From Tuition And Registration Fees
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1040987000
CY2013 ceco Employee Stock Purchase Plans
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52000
CY2013 ceco Allowance For Doubtful Accounts
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CY2013 ceco Share Based Compensation Arrangement By Share Based Payment Award Cumulative Shares Issued
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2900000 shares
CY2013 ceco Costs Of Other Goods And Services Included In Educational Services And Facilities Expense
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39700000
CY2013 ceco Operating Lease Expiration Date
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2023
CY2013 ceco Restricted Stock Units To Be Settled In Cash Exercisable In Percentage
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CY2013 ceco Increase Decrease In Deposits And Other Noncurrent Assets
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CY2013 ceco Remaining Lease Obligations Incurred
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5209000
CY2013 ceco Payment For Sales Of Business Affiliates And Productive Assets
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2525000
CY2013 ceco Remaining Lease Obligations Other
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3292000
CY2013 ceco Student Receivables Written Off Period
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CY2013 ceco Performance Unit Awards To Be Settled In Cash Fair Value
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4500000
CY2013 ceco Outstanding Liability On Performance Unit Awards To Be Settled In Cash
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1100000
CY2013 ceco Percentage Change In Royalty Rate
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CY2013 ceco Percentage Change In Discount Rate
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0.01 pure
CY2013 ceco Number Of Plaintiff Test Cases
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CY2013 ceco Discontinued Operations Income Tax Expense Attributed To Change In Status Of Foreign Earnings
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CY2013 ceco Discontinued Operations Lease Expiration Year
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CY2013 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Incurred
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CY2013 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Net Cash Payments
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CY2013 ceco Retention Bonuses Amount Recorded During Period
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CY2013 ceco Number Of Inquiry
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
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CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2012 us-gaap Line Of Credit Facility Expiration Date1
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y2M12D
CY2012 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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7.91
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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CY2012 us-gaap Earnings Per Share Basic And Diluted
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CY2012 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
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CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2012 us-gaap Concentration Risk Percentage1
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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CY2012 us-gaap Revenues
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CY2012 us-gaap Disposal Group Including Discontinued Operation Revenue
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CY2012 us-gaap Restructuring Reserve Accrual Adjustment
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CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2012 us-gaap Comprehensive Income Net Of Tax
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CY2012 us-gaap Increase Decrease In Other Receivables
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1433000
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2012 us-gaap Payments For Proceeds From Other Investing Activities
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CY2012 us-gaap Income Taxes Paid Net
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19102000
CY2012 us-gaap Payments To Acquire Available For Sale Securities
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147085000
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2012 us-gaap Increase Decrease In Deferred Income Taxes
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CY2012 us-gaap Repayments Of Assumed Debt
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2012 us-gaap Investment Income Interest
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CY2012 us-gaap Gain Loss On Sale Of Accounts Receivable
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CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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351000
CY2012 us-gaap Operating Income Loss
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CY2012 us-gaap Other Sales Revenue Net
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CY2012 us-gaap Income Loss From Continuing Operations
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CY2012 us-gaap Interest Paid
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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1282000
CY2012 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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1599000
CY2012 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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2193000
CY2012 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
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669000
CY2012 us-gaap Other Payments To Acquire Businesses
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5818000
CY2012 us-gaap Payments For Repurchase Of Common Stock
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56431000
CY2012 us-gaap Payments For Restructuring
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2299000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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37944000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2012 us-gaap Stock Option Plan Expense
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2907000
CY2012 us-gaap Defined Contribution Plan Cost Recognized
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11900000
CY2012 us-gaap Costs And Expenses
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1541881000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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3548000
CY2012 us-gaap General And Administrative Expense
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CY2012 us-gaap Restricted Stock Expense
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6637000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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CY2012 us-gaap Deferred Tax Expense From Stock Options Exercised
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5429000
CY2012 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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54409000
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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73600000
CY2012 us-gaap Deferred Income Tax Expense Benefit
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CY2012 us-gaap Treasury Stock Value Acquired Cost Method
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56431000
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-35882000
CY2012 us-gaap Share Based Compensation
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37949000
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CY2012 us-gaap Current State And Local Tax Expense Benefit
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1080000
CY2012 us-gaap Proceeds From Sale Of Available For Sale Securities
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7800000
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CY2012 us-gaap Increase Decrease In Accounts Payable
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CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2012 us-gaap Asset Impairment Charges
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125529000
CY2012 us-gaap Goodwill Impairment Loss
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83350000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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2531000
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CY2012 us-gaap Restructuring Charges
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CY2012 us-gaap Depreciation
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CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
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211000
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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3794000
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2012 us-gaap Depreciation Depletion And Amortization
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CY2012 us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
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CY2012 us-gaap Goodwill And Intangible Asset Impairment
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CY2012 us-gaap Proceeds From Repayments Of Lines Of Credit
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CY2012 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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CY2012 us-gaap Advertising Expense
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CY2012 us-gaap Income Tax Expense Benefit
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CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2012 ceco Increase Decrease In Inventories Prepaid Expenses And Other Current Assets
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CY2012 ceco Provision For Doubtful Accounts Including Discontinued Operations
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40022000
CY2012 ceco Increase Decrease In Accrued Expenses And Deferred Rent Obligations
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-19473000
CY2012 ceco Unrecognized Tax Benefits Income Tax Penalties And Interest Expense Recognized
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpenseRecognized
500000
CY2012 ceco Educational Services And Facilities Expense
EducationalServicesAndFacilitiesExpense
489858000
CY2012 ceco Remaining Lease Obligations Net Cash Payments
RemainingLeaseObligationsNetCashPayments
3818000
CY2012 ceco Disposal Group Including Discontinued Operation Depreciation Expenses
DisposalGroupIncludingDiscontinuedOperationDepreciationExpenses
6100000
CY2012 ceco Shares That Have Anti Dilutive Effect On Diluted Net Income Per Share
SharesThatHaveAntiDilutiveEffectOnDilutedNetIncomePerShare
0 shares
CY2012 ceco Revenue From Tuition And Registration Fees
RevenueFromTuitionAndRegistrationFees
1316848000
CY2012 ceco Employee Stock Purchase Plans
EmployeeStockPurchasePlans
143000
CY2012 ceco Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
57908000
CY2012 ceco Costs Of Other Goods And Services Included In Educational Services And Facilities Expense
CostsOfOtherGoodsAndServicesIncludedInEducationalServicesAndFacilitiesExpense
55800000
CY2012 ceco Increase Decrease In Deposits And Other Noncurrent Assets
IncreaseDecreaseInDepositsAndOtherNoncurrentAssets
-1654000
CY2012 ceco Remaining Lease Obligations Incurred
RemainingLeaseObligationsIncurred
4249000
CY2012 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Incurred
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsIncurred
7371000
CY2012 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Net Cash Payments
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNetCashPayments
11055000
CY2012 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Other
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsOther
CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.23
CY2013Q1 us-gaap Revenues
Revenues
290203000
CY2013Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
6700000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-29625000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
-15203000
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.78
CY2012Q1 us-gaap Revenues
Revenues
383701000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
34951000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
52076000
CY2012Q1 us-gaap Insurance Recoveries
InsuranceRecoveries
19000000
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.52
CY2012Q2 us-gaap Revenues
Revenues
343013000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-100863000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-100234000
CY2012Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
85600000
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.47
CY2013Q2 us-gaap Revenues
Revenues
268839000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-58825000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-31390000
CY2013Q2 ceco Legal Costs Related To Regulatory Matters
LegalCostsRelatedToRegulatoryMatters
10000000
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.50
CY2012Q3 us-gaap Revenues
Revenues
314890000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-39562000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-33146000
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.30
CY2013Q3 us-gaap Revenues
Revenues
251224000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-67209000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-87064000
CY2013Q3 ceco Discontinued Operations Income Tax Expense Attributed To Change In Status Of Foreign Earnings
DiscontinuedOperationsIncomeTaxExpenseAttributedToChangeInStatusOfForeignEarnings
39900000
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.93
CY2012Q4 us-gaap Revenues
Revenues
303276000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-91527000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-61492000
CY2012Q4 us-gaap Severance Costs1
SeveranceCosts1
13100000
CY2012Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
40800000
CY2013Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.46
CY2013Q4 us-gaap Revenues
Revenues
247094000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-59025000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-30606000
CY2013Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
7000000
CY2013Q4 ceco Pending Litigation Settlement Amount
PendingLitigationSettlementAmount
15500000

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