2015 Form 10-K Financial Statement

#000156459016013719 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2015 2014 Q4 2014 Q3
Revenue $847.3M $217.5M $227.3M
YoY Change -7.3% 9.09% 14.19%
Cost Of Revenue $289.8M $141.8M $60.80M
YoY Change -10.36% 67.61% -32.67%
Gross Profit $557.5M $205.0M $122.0M
YoY Change -5.62% 32.26% -20.73%
Gross Profit Margin 65.8% 94.25% 53.67%
Selling, General & Admin $564.2M $230.9M $132.1M
YoY Change -11.91% 32.17% -27.3%
% of Gross Profit 101.2% 112.63% 108.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.94M $12.50M $13.20M
YoY Change -55.03% -24.7% -28.26%
% of Gross Profit 4.47% 6.1% 10.82%
Operating Expenses $939.4M $256.3M $140.9M
YoY Change 35.41% 35.18% -28.55%
Operating Profit -$92.17M -$23.92M -$44.33M
YoY Change -33.82% 65.78% 45.06%
Interest Expense $835.0K $0.00 $103.0K
YoY Change 70.06% -100.0% -50.72%
% of Operating Profit
Other Income/Expense, Net -$2.270M $200.0K $81.00K
YoY Change -608.97% 0.0% -169.23%
Pretax Income -$94.44M -$74.10M -$44.79M
YoY Change -31.97% 83.42% -18.65%
Income Tax -$147.5M $500.0K $1.116M
% Of Pretax Income
Net Earnings $51.89M -$25.49M -$47.97M
YoY Change -129.12% -16.72% -44.9%
Net Earnings / Revenue 6.12% -11.72% -21.1%
Basic Earnings Per Share $0.76
Diluted Earnings Per Share $0.76 -$378.9K -$714.3K
COMMON SHARES
Basic Shares Outstanding 67.86M 67.28M shares 67.25M shares
Diluted Shares Outstanding 68.33M

Balance Sheet

Concept 2015 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $181.8M $216.7M $237.7M
YoY Change -16.11% -38.1% 186.04%
Cash & Equivalents $66.90M $93.83M $126.9M
Short-Term Investments $114.9M $122.9M $110.7M
Other Short-Term Assets $67.00M $4.729M $4.719M
YoY Change 46.93% 54.59% -19.81%
Inventory $3.400M $5.022M $5.192M
Prepaid Expenses $17.45M $20.30M
Receivables $31.60M $31.40M $32.46M
Other Receivables $5.200M $19.40M $18.50M
Total Short-Term Assets $289.0M $318.1M $336.3M
YoY Change -9.15% -30.85% -39.65%
LONG-TERM ASSETS
Property, Plant & Equipment $58.20M $115.6M $138.2M
YoY Change -49.65% 3.13% -31.6%
Goodwill $87.36M $87.36M
YoY Change 0.0% 0.0%
Intangibles $28.22M $29.06M
YoY Change 120.17% -28.04%
Long-Term Investments
YoY Change
Other Assets $163.1M $19.36M $17.17M
YoY Change 703.45% 12.99% -33.76%
Total Long-Term Assets $321.9M $255.4M $287.7M
YoY Change 26.04% -25.97% 16.1%
TOTAL ASSETS
Total Short-Term Assets $289.0M $318.1M $336.3M
Total Long-Term Assets $321.9M $255.4M $287.7M
Total Assets $610.9M $573.5M $624.0M
YoY Change 6.52% -28.76% -22.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.90M $23.81M $29.66M
YoY Change 8.82% 4.3% -12.05%
Accrued Expenses $62.90M $59.30M $60.80M
YoY Change 6.07% -17.64% -38.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $10.00M $0.00
YoY Change
Long-Term Debt Due $38.00M $10.00M
YoY Change 280.0%
Total Short-Term Liabilities $192.8M $180.2M $193.7M
YoY Change 6.99% -13.11% -45.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $80.50M $21.07M $25.70M
YoY Change -27.74% -15.02% -13.76%
Total Long-Term Liabilities $80.50M $111.4M $124.7M
YoY Change -27.74% -21.7% -9.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $192.8M $180.2M $193.7M
Total Long-Term Liabilities $80.50M $111.4M $124.7M
Total Liabilities $273.3M $291.6M $318.4M
YoY Change -6.28% -16.6% -35.56%
SHAREHOLDERS EQUITY
Retained Earnings -$109.4M -$84.02M
YoY Change -259.34% -184.64%
Common Stock $607.4M $821.0K
YoY Change 74058.0% 0.24%
Preferred Stock
YoY Change
Treasury Stock (at cost) $215.2M $215.2M
YoY Change 0.31% 0.31%
Treasury Stock Shares $14.82M 14.82M shares
Shareholders Equity $337.6M $281.9M $305.7M
YoY Change
Total Liabilities & Shareholders Equity $610.9M $573.5M $624.0M
YoY Change 6.52% -28.76% -36.66%

Cashflow Statement

Concept 2015 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $51.89M -$25.49M -$47.97M
YoY Change -129.12% -16.72% -44.9%
Depreciation, Depletion And Amortization $24.94M $12.50M $13.20M
YoY Change -55.03% -24.7% -28.26%
Cash From Operating Activities -$21.25M -$17.50M -$19.80M
YoY Change -82.09% 118.75% 83.33%
INVESTING ACTIVITIES
Capital Expenditures $11.70M -$2.600M -$3.600M
YoY Change -11.11% -16.13% -60.44%
Acquisitions
YoY Change
Other Investing Activities $3.700M -$14.20M $12.80M
YoY Change -103.92% -108.01% -10.49%
Cash From Investing Activities -$7.991M -$16.70M $9.300M
YoY Change -92.58% -109.58% 82.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.401M
YoY Change 3.47%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.96M 1.100M -1.100M
YoY Change 2855.1% 450.0% 175.0%
NET CHANGE
Cash From Operating Activities -21.25M -17.50M -19.80M
Cash From Investing Activities -7.991M -16.70M 9.300M
Cash From Financing Activities 28.96M 1.100M -1.100M
Net Change In Cash -276.0K -33.10M -11.60M
YoY Change -99.88% -119.87% 90.16%
FREE CASH FLOW
Cash From Operating Activities -$21.25M -$17.50M -$19.80M
Capital Expenditures $11.70M -$2.600M -$3.600M
Free Cash Flow -$32.94M -$14.90M -$16.20M
YoY Change -75.0% 204.08% 852.94%

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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1. DESCRIPTION OF THE COMPANY</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;"> Career Education&#8217;s academic institutions offer a quality education to a diverse student population in a variety of disciplines through online, campus-based and hybrid learning programs. Our two universities &#8211; American InterContinental University (&#8220;AIU&#8221;) and Colorado Technical University (&#8220;CTU&#8221;) &#8211; provide degree programs through the master&#8217;s or doctoral level as well as associate and bachelor&#8217;s levels. Both universities predominantly serve students online with career-focused degree programs that are designed to meet the educational demands of today&#8217;s busy adults. AIU and CTU continue to show innovation in higher education, advancing new personalized learning technologies like their intelli<font style="font-weight:bold;">path</font>&#8482; adaptive learning platform that allow students to more efficiently pursue earning a degree by receiving course credit for knowledge they can already demonstrate. Career Education is committed to providing quality education that closes the gap between learners who seek to advance their careers and employers needing a qualified workforce.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Additionally, CEC is in the process of teaching out campuses within our Transitional Group and Culinary Arts segments. Students enrolled at these campuses are afforded the reasonable opportunity to complete their program of study prior to the final teach-out date. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A listing of individual campus locations and web links to Career Education&#8217;s colleges, institutions and universities can be found at <font style="font-style:italic;">www.careered.com</font>.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As used in this Annual Report on Form 10-K, the terms &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; &#8220;the Company&#8221; and &#8220;CEC&#8221; refer to Career Education Corporation and our wholly-owned subsidiaries. The terms &#8220;college,&#8221; &#8220;institution&#8221; and &#8220;university&#8221; refer to an individual, branded, for-profit educational institution, owned by us and includes its campus locations. The term &#8220;campus&#8221; refers to an individual main or branch campus operated by one of our colleges, institutions or universities.</p></div>
CY2015 us-gaap Loss Contingency Disclosures
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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">13. CONTINGENCIES</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">An accrual for estimated legal fees and settlements of $2.7 million and $4.4 million at December&#160;31, 2015 and December&#160;31, 2014, respectively, is presented within other current liabilities on our consolidated balance sheets.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We record a liability when we believe that it is both probable that a loss will be incurred and the amount of loss can be reasonably estimated. We evaluate, at least quarterly, developments in our legal matters that could affect the amount of liability that was previously accrued, and make adjustments as appropriate. Significant judgment is required to determine both probability and the estimated amount. We may be unable to estimate a possible loss or range of possible loss due to various reasons, including, among others: (1) if the damages sought are indeterminate; (2) if the proceedings are in early stages; (3) if there is uncertainty as to the outcome of pending appeals, motions, or settlements; (4) if there are significant factual issues to be determined or resolved; and (5) if there are novel or unsettled legal theories presented. In such instances, there is considerable uncertainty regarding the ultimate resolution of such matters, including a possible eventual loss, if any. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Litigation</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> We are, or were, a party to the following legal proceedings that we consider to be outside the scope of ordinary routine litigation incidental to our business. Due to the inherent uncertainties of litigation, we cannot predict the ultimate outcome of these matters. An unfavorable outcome of any one or more of these matters could have a material adverse impact on our business, results of operations, cash flows and financial position.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Student Litigation</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;"> Enea, et al. v. Career Education Corporation, California Culinary Academy, Inc., SLM Corporation, and Sallie Mae, Inc.<font style="font-style:normal;"> Plaintiffs filed this putative class action in the Superior Court State of California, County of San Francisco, on or about June 27, 2013. Plaintiffs allege that California Culinary Academy (&#8220;CCA&#8221;) materially misrepresented the placement rates of its graduates, falsely stated that admission to the culinary school was competitive and that the school had an excellent reputation among restaurants and other food service providers, represented that the culinary schools were well-regarded institutions producing skilled graduates who employers eagerly hired, and lied by telling students that the school provided graduates with career placement services for life. The class purports to consist of persons who executed Parent Plus loans or co-signed loans for students who attended CCA at any time between January 1, 2003 and December 31, 2008. Plaintiffs seek restitution, damages, civil penalties and attorneys&#8217; fees.</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Defendants filed a motion to dismiss and to strike class action allegations on October 31, 2013. A hearing on the motions was conducted on March 14, 2014. Thereafter, the Court issued two separate orders granting the motion to strike the class allegations and the motion to dismiss without leave to amend. Plaintiffs filed a motion seeking leave to file a third amended complaint and/or for reconsideration of the Court&#8217;s orders. On May 9, 2014, the Court denied plaintiffs&#8217; motion to reconsider its order striking the class allegations and granted plaintiffs leave to file a third amended complaint as to some, but not all, of plaintiffs&#8217; claims. On May 15, 2014, plaintiffs appealed the Court&#8217;s ruling with respect to the motion to strike the class allegations. On February 4, 2016, the appellate court affirmed the trial court&#8217;s order striking the class allegations.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Because of the many questions of fact and law that may arise in the future, the outcome of this legal proceeding is uncertain at this point. Based on information available to us at present, we cannot reasonably estimate a range of potential loss, if any, for this action because, among other things, our potential liability depends on whether a class is certified and, if so, the composition and size of any such class, as well as on an assessment of the appropriate measure of damages if we were to be found liable. Accordingly, we have not recognized any liability associated with this action.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Surrett, et al. v. Western Culinary Institute, Ltd. and Career Education Corporation<font style="font-style:normal;">. On March&#160;5, 2008, a complaint was filed in Portland, Oregon in the Circuit Court of the State of Oregon in and for Multnomah County naming Western Culinary Institute, Ltd. (&#8220;WCI&#8221;) and the Company as defendants. Plaintiffs filed the complaint individually and as a putative class action and alleged two claims for equitable relief: violation of Oregon&#8217;s Unlawful Trade Practices Act (&#8220;UTPA&#8221;) and unjust enrichment. Plaintiffs filed an amended complaint on April&#160;10, 2008, which added two claims for money damages: fraud and breach of contract. Plaintiffs allege WCI made a variety of misrepresentations to them, relating generally to WCI&#8217;s placement statistics, students&#8217; employment prospects upon graduation from WCI, the value and quality of an education at WCI, and the amount of tuition students could expect to pay as compared to salaries they could expect to earn after graduation. WCI subsequently moved to dismiss certain of plaintiffs&#8217; claims under Oregon&#8217;s UTPA; that motion was granted on September&#160;12, 2008. On February&#160;5, 2010, the Court entered a&#160;formal Order granting class certification on part of&#160;plaintiff&#8217;s UTPA and fraud claims purportedly based on omissions, denying certification of the rest of those claims and denying certification of the breach of contract and unjust enrichment claims.&#160;The class consists of students who enrolled at WCI between March&#160;5, 2006 and March&#160;1, 2010, excluding those who dropped out or were dismissed from the school for academic reasons.</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Plaintiffs filed a&#160;fifth amended complaint&#160;on December&#160;7, 2010, which included individual and class allegations by Nathan Surrett. Class notice was sent on April&#160;22, 2011, and the opt-out period expired on June 20, 2011.&#160;The class consisted of approximately 2,600 members. They are seeking tuition refunds, interest and certain fees paid in connection with their enrollment at WCI.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On May&#160;23, 2012, WCI filed a motion to compel arbitration of claims by 1,062 individual class members who signed enrollment agreements containing express class action waivers. The Court issued an Order denying the motion on July&#160;27, 2012. On August 6, 2012, WCI filed an appeal from the Court&#8217;s Order and on August&#160;30, 2012, the Court of Appeals issued an Order granting WCI&#8217;s motion to compel the trial court to cease exercising jurisdiction in the case. The oral argument on the appeal was heard on May 9, 2014 and on January 21, 2016, the appellate court reversed the trial court and held that the claims by the 1,062 individual class members referenced above should be compelled to arbitration.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Because of the many questions of fact and law that have already arisen and that may arise in the future, the outcome of this legal proceeding is uncertain at this point. Based on information available to us at present, we cannot reasonably estimate a range of potential loss, if any, for this action because of the inherent difficulty in assessing the appropriate measure of damages and the number of class members who might be entitled to recover damages, if we were to be found liable. Accordingly, we have not recognized any liability associated with this action.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">False Claims Act</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">United States of America, ex rel. Melissa Simms Powell, et al. v. American InterContinental University, Inc., a Georgia Corporation, Career Education Corp., a Delaware Corporation and John Doe Nos. 1-100.<font style="font-style:normal;"> On July&#160;28, 2009, we were served with a complaint filed in the U.S. District Court for the Northern District of Georgia, Atlanta Division.&#160;The complaint was originally filed under seal on July&#160;14, 2008 by four former employees of the Dunwoody campus of our American InterContinental University on behalf of themselves and the federal government. On July&#160;27, 2009, the Court ordered the complaint unsealed and we were notified that the U.S. Department of Justice declined to intervene in the action. When the federal government declines to intervene in a False Claims Act action, as it has done in this case, the private plaintiffs (or &#8220;relators&#8221;) may elect to pursue the litigation on behalf of the federal government and, if they are successful, receive a portion of the federal government&#8217;s recovery. The action alleges violations of the False Claims Act and&#160;promissory fraud,&#160;including allegedly providing false certifications to the federal government regarding compliance with certain provisions of the Higher Education Act and accreditation standards. Relators claim that defendants&#8217; conduct caused the government to pay federal funds to defendants and to make payments to third-party lenders, which the government would not have made if not for defendants&#8217; alleged violation of the law. Relators seek treble damages plus civil penalties and attorneys&#8217; fees. On July&#160;12, 2012, the Court granted our motion to dismiss for a lack of jurisdiction, the claims related to incentive compensation and proof of graduation. Thus, the only claim that remained pending against defendants was based on relators&#8217; contention that defendants misled the school&#8217;s accreditor, Southern Association of Colleges and Schools, during the accreditation process. On December 16, 2013, we filed a motion for summary judgment on a variety of substantive grounds. On September 29, 2014, the Court granted our motion for summary judgment and entered judgment in our favor. On October 2, 2014, relators filed a notice of appeal. The appeal was stayed pending the United States Supreme Court&#8217;s decision in </font>Kellogg Brown &amp; Root Servs., Inc. v. U.S. ex rel. Carter<font style="font-style:normal;">, No. 12-1497. The Supreme Court issued its decision and relators moved to lift the stay and remand the case to the district court. The case has been remanded to the district court.&#160;The district court is currently considering additional arguments regarding whether it has jurisdiction over relators&#8217; remaining claims.</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Because of the many questions of fact and law that may arise on remand to the district court, the outcome of this legal proceeding is uncertain at this point. Based on information available to us at present, we cannot reasonably estimate a range of potential loss, if any, for this action because the complaint does not seek a specified amount of damages and it is unclear how damages would be calculated, if we were to be found liable. Moreover, the case presents novel legal issues. Accordingly, we have not recognized any liability associated with this action.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">United States of America, ex rel. Brent M. Nelson v. Career Education Corporation, Sanford-Brown, Ltd., and Ultrasound Technical Services, Inc.<font style="font-style:normal;"> On April 18, 2013, defendants were served with an amended complaint filed in the U.S. District Court for the Eastern District of Wisconsin.&#160;The original complaint was filed under seal on July&#160;30, 2012 by a former employee of Sanford-Brown College Milwaukee on behalf of himself and the federal government. On February&#160;27, 2013, the Court ordered the complaint unsealed and we were notified that the U.S. Department of Justice declined to intervene in the action. After the federal government declined to intervene in this case, the relator elected to pursue the litigation on behalf of the federal government. If he is successful he would receive a portion of the federal government&#8217;s recovery. An amended complaint was filed by the relator on April 12, 2013 and alleges violations of the False Claims Act, including allegedly providing false certifications to the federal government regarding compliance with certain provisions of the Higher Education Act and accreditation standards. Relator claims that defendants&#8217; conduct caused the government to pay federal funds to defendants, and to make payments to third-party lenders, which the government would not have made if not for defendants&#8217; alleged violation of the law. Relator seeks treble damages plus civil penalties and attorneys&#8217; fees. On June 11, 2013, defendants filed a motion to dismiss the case on a variety of grounds. The Court ruled on that motion, dismissing CEC from the case and dismissing several of the relator&#8217;s factual claims. On November 27, 2013, Sanford Brown, LTD., and Ultrasound Technical Services, Inc., the remaining Company defendants, filed a motion to dismiss the case for lack of subject matter jurisdiction due to prior public disclosures of the relator&#8217;s alleged claims. On March 17, 2014, the Court granted this motion in part, limiting the timeframe and geographical scope of the relator&#8217;s claims. On June 13, 2014, the Court granted the remaining Company defendants&#8217; motion for summary judgment and entered judgment in their favor. On July 9, 2014, relator filed a notice of appeal. On June 8, 2015, the appellate court affirmed the district court. On July 2, 2015, relator filed a petition for rehearing, which was denied on August 4, 2015. On December 2, 2015, relator filed his petition for certiorari to the United States Supreme Court. Defendants filed their opposition to the petition on February 3, 2016.&nbsp;&nbsp;&nbsp;&nbsp;</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Because of the many questions of fact and law that may arise on appeal, the outcome of this legal proceeding is uncertain at this point. Based on information available to us at present, we cannot reasonably estimate a range of potential loss, if any, for this action because the complaint does not seek a specified amount of damages and it is unclear how damages would be calculated, if we were to be found liable. Accordingly, we have not recognized any liability associated with this action.</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">United States of America, ex rel. Ann Marie Rega v. Career Education Corporation, et al.<font style="font-style:normal;"> On May 16, 2014, Relator Ann Marie Rega, a former employee of Sanford-Brown Iselin, filed an action in the U.S. District Court for the District of New Jersey against the Company and almost all of the Company&#8217;s individual schools on behalf of herself and the federal government. She alleges claims under the False Claims Act, including allegedly providing false certifications to the federal government regarding compliance with certain provisions of the Higher Education Act and accreditation standards. Relator claims that defendants&#8217; conduct caused the government to pay federal funds to defendants, and to make payments to third-party lenders, which the government would not have made if not for defendants&#8217; alleged violation of the law. Relator seeks treble damages plus civil penalties and attorneys&#8217; fees. Relator failed to comply with the statutory requirement that all False Claims Act cases be filed under seal. On June 16, 2014, defendants filed a motion to dismiss the complaint with prejudice as to relator for failure to file her complaint under seal in accordance with the requirements of the False Claims Act. The motion is fully briefed and the parties are awaiting a ruling from the Court.</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Because the matter is in its early stages and because of the many questions of fact and law that may arise, the outcome of this legal proceeding is uncertain at this point. Based on information available to us at present, we cannot reasonably estimate a range of potential loss, if any, for this action because the complaint does not seek a specified amount of damages and it is unclear how damages would be calculated, if we were to be found liable. Moreover, the case presents novel legal issues. Accordingly, we have not recognized any liability associated with this action.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Employment Litigation</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;"> Wilson, et al. v. Career Education Corporation.<font style="font-style:normal;"> On August&#160;11, 2011, Riley Wilson, a former admissions representative based in Minnesota, filed a complaint in the U.S. District Court for the Northern District of Illinois. The two-count complaint asserts claims of breach of contract and unjust enrichment arising from our decision to terminate our Admissions Representative Supplemental Compensation (&#8220;ARSC&#8221;) Plan. In addition to his individual claims, Wilson also seeks to represent a nationwide class of similarly situated admissions representatives who also were affected by termination of the plan. On October&#160;6, 2011, we filed a motion to dismiss the complaint. On April&#160;13, 2012, the Court granted our motion to dismiss in its entirety and dismissed plaintiff&#8217;s complaint for failure to state a claim. The Court dismissed this action with prejudice on May&#160;14, 2012. On June&#160;11, 2012, plaintiff filed a notice of appeal with the U.S. Court of Appeals for the Seventh Circuit appealing the final judgment of the trial court. Briefing was completed on October 30, 2012, and oral argument was held on December 3, 2012. On August 30, 2013, the Seventh Circuit affirmed the district court&#8217;s ruling on plaintiff&#8217;s unjust enrichment claim but reversed and remanded for further proceedings on plaintiff&#8217;s breach of contract claim. On September 13, 2013, we filed a petition for rehearing to seek review of the panel&#8217;s decision on the breach of contract claim and for certification of question to the Illinois Supreme Court, but the petition was denied.</font></p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The case now is on remand to the district court for further proceedings on the sole question of whether CEC&#8217;s termination of the ARSC Plan violated the implied covenant of good faith and fair dealing. The parties have completed fact discovery as to the issue of liability. On March 24, 2015, we filed a motion for summary judgment which the court granted on December 18, 2015. Plaintiff filed his notice of appeal on January 16, 2016.&nbsp;&nbsp; </p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Because of the many questions of fact and law that may arise, the outcome of this legal proceeding is uncertain at this point. Based on information available to us at present, we cannot reasonably estimate a range of potential loss, if any, for this action. Accordingly, we have not recognized any liability associated with this action.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Other Litigation</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> In addition to the legal proceedings and other matters described above, we are also subject to a variety of other claims, lawsuits and investigations that arise from time to time out of the conduct of our business, including, but not limited to, claims involving prospective students, students or graduates,&#160;alleged violations of the Telephone Consumer Protection Act, both individually and on behalf of a putative class, and routine employment matters. While we currently believe that such claims, individually or in aggregate, will not have a material adverse impact on our financial position, cash flows or results of operations, these other matters are subject to inherent uncertainties, and management&#8217;s view of these matters may change in the future. Were an unfavorable final outcome to occur in any one or more of these matters, there exists the possibility of a material adverse impact on our business, reputation, financial position, cash flows, and the results of operations for the period in which the effect becomes probable and reasonably estimable.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">State Investigations</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Attorney General of Connecticut is serving as the point of contact for inquiries received from the attorneys general of the following:&#160;Arkansas, Arizona, Connecticut, Idaho, Iowa, Kentucky, Missouri, Nebraska, North Carolina, Oregon, Pennsylvania, Washington (January 24, 2014); Illinois (December 9, 2011); Tennessee (February 7, 2014); Hawaii (May 28, 2014 ); New Mexico (May 2014); Maryland (March 16, 2015); and the District of Columbia (June 3, 2015) (these 18 attorneys general are collectively referred to as the &#8220;Multi-State AGs&#8221;). In addition, the Company has received inquiries from the attorneys general of Florida (November 5, 2010), Massachusetts (September 27, 2012), Colorado (August 27, 2013) and Minnesota (September 18, 2014). The inquiries are civil investigative demands or subpoenas which relate to the investigation by the attorneys general of whether the Company and its schools have complied with certain state consumer protection laws, and generally focus on the Company's practices relating to the recruitment of students, graduate placement statistics, graduate certification and licensing results and student lending activities, among other matters. Depending on the state, the documents and information sought by the attorneys general in connection with their investigations cover time periods as early as 2006 to the present. The Company intends to cooperate with the states involved with a view towards resolving these inquiries as promptly as possible. In this regard, over the past several months the Company has participated in several meetings with representatives of the Multi-State AGs about the Company&#8217;s business and to engage in a dialogue towards a resolution of these inquiries.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We cannot predict the scope, duration or outcome of these attorney general investigations.&#160;At the conclusion of any of these matters, the Company or certain of its schools may be subject to claims of failure to comply with state laws or regulations and may be required to pay significant financial penalties and/or curtail or modify their operations. Other state attorneys general may also initiate inquiries into the Company or its schools. If any of the foregoing occurs, our business, reputation, financial position, cash flows and results of operations could be materially adversely affected. Based on information available to us at present, we cannot reasonably estimate a range of potential monetary or non-monetary impact these investigations might have on the Company because it is uncertain what remedies, if any, these regulators might ultimately seek in connection with these investigations.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In addition to the aforementioned inquiries, from time to time, we receive informal requests from state Attorneys General and other government agencies relating to specific complaints they have received from students or former students which seek information about the student, our programs, and other matters relating to our activities in the relevant state.&#160;These requests can be broad and time consuming to respond to, and there is a risk that they could expand and/or lead to a formal inquiry or investigation into our practices in a particular state.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Federal Trade Commission Inquiry</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On August 20, 2015, the Company received a request for information pursuant to a Civil Investigative Demand from the U.S. Federal Trade Commission (&#8220;FTC&#8221;). The request was made pursuant to a November 2013 resolution by the FTC directing an investigation to determine whether unnamed persons, partnerships, corporations, or others have engaged or are engaging in deceptive or unfair acts or practices in or affecting commerce in the advertising, marketing or sale of secondary or postsecondary educational products or services, or educational accreditation products or services. The information request requires the Company to provide documents and information regarding a broad spectrum of the business and practices of its subsidiaries and institutions for the time period of January 1, 2010 to the present. The Company is cooperating with the FTC with a view towards resolving these inquiries as promptly as possible. </p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Because the FTC inquiry is in the early stages and because of the many questions of fact and law that may arise, we cannot predict the outcome of the inquiry. Based on information available to us at present, we cannot reasonably estimate a range of potential monetary or non-monetary impact this inquiry might have on the Company because it is uncertain what remedies, if any, the FTC might ultimately seek in connection with this inquiry. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Regulatory Matters</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">ED Inquiry and HCM1 Status</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In December 2011, the U.S. Department of Education (&#8220;ED&#8221;) advised the Company that it is conducting an inquiry concerning possible violations of ED misrepresentation regulations related to placement rates reported by certain of the Company&#8217;s institutions to accrediting bodies, students and potential students. This inquiry stems from the Company&#8217;s self-reporting to ED of its internal investigation into student placement determination practices at the Company&#8217;s previous Health Education segment campuses and review of placement determination practices at all of the Company&#8217;s other domestic campuses in 2011. The Company has been cooperating with ED in connection with this inquiry. If ED determines that the Company or any of its institutions violated ED misrepresentation regulations with regard to the publication or reporting of placement rates or other disclosures to students or prospective students or finds any other basis in the materials we are providing, ED may revoke, limit, suspend, delay or deny the institution&#8217;s or all of the Company&#8217;s institutions Title IV eligibility, or impose fines. In addition, all of the Company&#8217;s institutions are currently in the process of seeking recertification from ED to participate in Title IV Programs. We cannot predict whether, or to what extent, ED&#8217;s inquiry might impact this recertification process. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In December 2011, ED also moved all of the Company&#8217;s institutions from the &#8220;advance&#8221; method of payment of Title IV Program funds to cash monitoring status (referred to as Heightened Cash Monitoring 1, or HCM1, status). Although the Company&#8217;s prior practices substantially conformed to the requirements of this more restrictive method of drawing down students&#8217; Title IV Program funds, if ED finds violations of the Higher Education Act or related regulations, ED may impose monetary or program level sanctions, impose some period of delay in the Company&#8217;s receipt of Title IV funds or transfer the Company&#8217;s schools to the &#8220;reimbursement&#8221; or Heightened Cash Monitoring 2 (&#8220;HCM2&#8221;) methods of payment of Title IV Program funds. While on HCM2 status, an institution must disburse its own funds to students, document the students&#8217; eligibility for Title IV Program funds and comply with certain waiting period requirements before receiving such funds from ED, which results in a significant delay in receiving those funds. The process of re-establishing a regular schedule of cash receipts for the Title IV Program funds if ED places our schools on &#8220;reimbursement&#8221; or HCM2 payment status could take several months, and would require us to fund ongoing operations substantially out of existing cash balances. If our existing cash balances are insufficient to sustain us through this transition period, we would need to pursue other sources of liquidity, which may not be available or may be costly.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">OIG Audit</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.17%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our schools and universities are subject to periodic audits by various regulatory bodies, including the U.S. Department of Education's Office of Inspector General ("OIG").&#160;The OIG audit services division commenced a compliance audit of CTU in June 2010, covering the period July&#160;5, 2009 to May&#160;16, 2010, to determine whether CTU had policies and procedures to ensure that CTU administered Title IV Program and other federal program funds in accordance with applicable federal law and regulation.&#160;On January&#160;13, 2012, the OIG issued a draft report identifying three findings, including one regarding the documentation of attendance of students enrolled in online programs and one regarding the calculation of returns of Title IV Program funds arising from student withdrawals without official notice to the institution. CTU submitted a&#160;written response to the OIG, contesting these findings, on March&#160;2, 2012. CTU disagreed with the OIG's proposed determination of what constitutes appropriate documentation or verification of online academic activity during the time period covered by the audit. CTU's response asserted that this finding was based on the retroactive application of standards adopted as part of the program integrity regulations that first went into effect on July&#160;1, 2011. The OIG final report, along with CTU's response to the draft report, was forwarded to ED's Office of Federal Student Aid on September&#160;21, 2012. On October&#160;24, 2012, CTU provided a further response challenging the findings of the report directly to ED's Office of Federal Student Aid. As a result of ED&#8217;s review of these materials, on January 31, 2013, CTU received a request from ED that it perform two file reviews to determine potential liability on two discrete issues associated with one of the above findings. The first file review relates to any potential aid awarded to students who engaged in virtual classroom attendance activities prior to the official start date of a course and for which no further attendance was registered during the official class term. The second file review relates to students that were awarded and paid Pell funds for enrollment in two concurrent courses, while only registering attendance in one of the two courses. The Company completed these file reviews and provided supporting documentation to ED on April 10, 2013. As of December 31, 2015, the Company has a $0.8 million reserve recorded related to this matter.</p></div>
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">b. Reclassifications</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">During 2015, we announced the teach-out of all remaining 15 Sanford-Brown campuses, two Briarcliffe College campuses, Harrington College of Design and 17 Culinary Arts (&#8220;LCB&#8221;) campuses. The Sanford-Brown, Briarcliffe College and Harrington College campuses are now included in the Transitional Group segment and the LCB campuses are reported within the Culinary Arts segment, as part of our continuing operations. The LCB campuses were previously recorded as held for sale within discontinued operations and during December 2015 the decision was made to teach-out the LCB campuses, which required these campuses to be re-classified to continuing operations in accordance with the provisions of Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) Topic 360. During 2015, we also completed the teach-out of five Transitional Group campuses and the sale of two Transitional Group campuses (Brooks Institute and Missouri College). These campuses continue to be reported as part of the Transitional Group within continuing operations, as a result of a change in accounting guidance effective January 1, 2015 with respect to ASC Topic 360, which limits discontinued operations reporting. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">All prior period results have been recast to reflect our reporting segments on a comparable basis. See Note 18 &#8220;Segment Reporting&#8221; for further information regarding our segments.</p></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">c. Management&#8217;s Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with generally accepted accounting principles in the U.S. (&#8220;GAAP&#8221;) 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 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&#8217;s best knowledge of current events and actions that we may undertake in the future, actual results could differ from these estimates.</p></div>
CY2014Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
1448000
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities
528000
CY2015Q4 ceco Number Of Universities
NumberOfUniversities
2
CY2015 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2015Q4 ceco Percentage Of Cash Collateral For Securitization
PercentageOfCashCollateralForSecuritization
1.00
CY2015Q4 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
11800000
CY2014Q4 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
12900000
CY2015Q4 ceco Restricted Cash Related To Securitization Of Borrowings
RestrictedCashRelatedToSecuritizationOfBorrowings
38000000
CY2014Q4 ceco Restricted Cash Related To Securitization Of Borrowings
RestrictedCashRelatedToSecuritizationOfBorrowings
10000000
CY2015 ceco Student Receivables Written Off Period
StudentReceivablesWrittenOffPeriod
Greater than 90 days
CY2015 ceco Costs Of Other Goods And Services Included In Educational Services And Facilities Expense
CostsOfOtherGoodsAndServicesIncludedInEducationalServicesAndFacilitiesExpense
20000000
CY2014 ceco Costs Of Other Goods And Services Included In Educational Services And Facilities Expense
CostsOfOtherGoodsAndServicesIncludedInEducationalServicesAndFacilitiesExpense
26000000
CY2013 ceco Costs Of Other Goods And Services Included In Educational Services And Facilities Expense
CostsOfOtherGoodsAndServicesIncludedInEducationalServicesAndFacilitiesExpense
37200000
CY2015 us-gaap Advertising Expense
AdvertisingExpense
220500000
CY2014 us-gaap Advertising Expense
AdvertisingExpense
253000000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
269000000
CY2015 ceco Disposal Group Including Discontinued Operation Revenue Net
DisposalGroupIncludingDiscontinuedOperationRevenueNet
-20000
CY2014 ceco Disposal Group Including Discontinued Operation Revenue Net
DisposalGroupIncludingDiscontinuedOperationRevenueNet
4708000
CY2013 ceco Disposal Group Including Discontinued Operation Revenue Net
DisposalGroupIncludingDiscontinuedOperationRevenueNet
177791000
CY2015 ceco Disposal Group Including Discontinued Operation Educational Services And Facilities Expense
DisposalGroupIncludingDiscontinuedOperationEducationalServicesAndFacilitiesExpense
1211000
CY2014 ceco Disposal Group Including Discontinued Operation Educational Services And Facilities Expense
DisposalGroupIncludingDiscontinuedOperationEducationalServicesAndFacilitiesExpense
25152000
CY2013 ceco Disposal Group Including Discontinued Operation Educational Services And Facilities Expense
DisposalGroupIncludingDiscontinuedOperationEducationalServicesAndFacilitiesExpense
139479000
CY2015 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
910000
CY2014 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
13282000
CY2013 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
83096000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities
579000
CY2015Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
9065000
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
834000
CY2015 us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
0
CY2014 us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
2073000
CY2013 us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
10913000
CY2015 ceco Disposal Group Including Discontinued Operation Impairment Of Long Lived Assets To Be Disposed Of
DisposalGroupIncludingDiscontinuedOperationImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2014 ceco Disposal Group Including Discontinued Operation Impairment Of Long Lived Assets To Be Disposed Of
DisposalGroupIncludingDiscontinuedOperationImpairmentOfLongLivedAssetsToBeDisposedOf
68000
CY2013 ceco Disposal Group Including Discontinued Operation Impairment Of Long Lived Assets To Be Disposed Of
DisposalGroupIncludingDiscontinuedOperationImpairmentOfLongLivedAssetsToBeDisposedOf
1044000
CY2015 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
2121000
CY2014 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
40575000
CY2013 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
234532000
CY2015 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-2128000
CY2014 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-35601000
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
73493000
CY2015 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-997000
CY2014 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0
CY2013 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
68477000
CY2015 ceco Proceeds From Payments To Acquire Property Plant And Equipment Discontinued Operations
ProceedsFromPaymentsToAcquirePropertyPlantAndEquipmentDiscontinuedOperations
0
CY2014 ceco Proceeds From Payments To Acquire Property Plant And Equipment Discontinued Operations
ProceedsFromPaymentsToAcquirePropertyPlantAndEquipmentDiscontinuedOperations
0
CY2013 ceco Proceeds From Payments To Acquire Property Plant And Equipment Discontinued Operations
ProceedsFromPaymentsToAcquirePropertyPlantAndEquipmentDiscontinuedOperations
6128000
CY2013 ceco Discontinued Operations Income Tax Expense Attributed To Sale Of International Operations
DiscontinuedOperationsIncomeTaxExpenseAttributedToSaleOfInternationalOperations
87900000
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
254000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
473000
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
720000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
975000
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Deferred Tax Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationDeferredTaxAssetsNoncurrent
8091000
CY2015Q4 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Current
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsCurrent
12539000
CY2014Q4 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Current
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsCurrent
14927000
CY2015Q4 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Noncurrent
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNoncurrent
9212000
CY2014Q4 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Noncurrent
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNoncurrent
22689000
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentLiabilities
164000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentLiabilities
170000
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
22443000
CY2014Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
38365000
CY2015 ceco Discontinued Operations Lease Expiration Year
DiscontinuedOperationsLeaseExpirationYear
2020
CY2014Q4 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligations
37616000
CY2015 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Incurred And Reversal
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsIncurredAndReversal
-342000
CY2015 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Net Cash Payments
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNetCashPayments
15523000
CY2015Q4 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligations
21751000
CY2013Q4 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligations
44084000
CY2014 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Incurred And Reversal
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsIncurredAndReversal
13676000
CY2014 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Net Cash Payments
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNetCashPayments
24854000
CY2014 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Other
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsOther
4710000
CY2012Q4 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligations
46298000
CY2013 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Incurred And Reversal
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsIncurredAndReversal
11181000
CY2013 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Net Cash Payments
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNetCashPayments
13700000
CY2013 ceco Disposal Group Including Discontinued Operation Remaining Lease Obligations Other
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsOther
305000
CY2015Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
123128000
CY2015Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000
CY2015Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
856000
CY2015Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
122275000
CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
131058000
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
8000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1998224
CY2014Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
130232000
CY2015 ceco Short Term Investment Continuous Unrealized Loss Position Period
ShortTermInvestmentContinuousUnrealizedLossPositionPeriod
P1Y
CY2015 ceco Long Term Investment Continuous Unrealized Loss Position Period
LongTermInvestmentContinuousUnrealizedLossPositionPeriod
P1Y
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
71000000
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
77177000
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
43552000
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
44182000
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
211000
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
7723000
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
8662000
CY2014Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
7374000
CY2015 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
CY2015Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
7374000
CY2015Q4 ceco Amount Of Net Student Receivables Related To Extended Payment Plans And Recourse Loans
AmountOfNetStudentReceivablesRelatedToExtendedPaymentPlansAndRecourseLoans
4000000
CY2014Q4 ceco Amount Of Net Student Receivables Related To Extended Payment Plans And Recourse Loans
AmountOfNetStudentReceivablesRelatedToExtendedPaymentPlansAndRecourseLoans
3900000
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
19097000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
27504000
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
37938000
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
22212000
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14864000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
25939000
CY2015 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
21080000
CY2014 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
23271000
CY2013 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
36373000
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
20229000
CY2015 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
6700000
CY2014 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
8500000
CY2013 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
7200000
CY2015Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
264282000
CY2014Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
331867000
CY2015Q4 ceco Computer Hardware And Software Gross
ComputerHardwareAndSoftwareGross
124899000
CY2014Q4 ceco Computer Hardware And Software Gross
ComputerHardwareAndSoftwareGross
126694000
CY2015Q4 ceco Furniture Fixtures And Equipment Gross
FurnitureFixturesAndEquipmentGross
88776000
CY2014Q4 ceco Furniture Fixtures And Equipment Gross
FurnitureFixturesAndEquipmentGross
107645000
CY2015Q4 ceco Culinary Equipment And Library Materials
CulinaryEquipmentAndLibraryMaterials
17822000
CY2014Q4 ceco Culinary Equipment And Library Materials
CulinaryEquipmentAndLibraryMaterials
20404000
CY2015Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
8657000
CY2014Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
10966000
CY2015Q4 ceco Vehicles Gross
VehiclesGross
533000
CY2014Q4 ceco Vehicles Gross
VehiclesGross
791000
CY2015Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
2196000
CY2014Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
418000
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
507165000
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
598785000
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
448916000
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
483181000
CY2015 us-gaap Depreciation
Depreciation
24800000
CY2014 us-gaap Depreciation
Depreciation
52600000
CY2013 us-gaap Depreciation
Depreciation
61100000
CY2015 ceco Disposal Group Including Discontinued Operation Depreciation Expenses
DisposalGroupIncludingDiscontinuedOperationDepreciationExpenses
0
CY2014 ceco Disposal Group Including Discontinued Operation Depreciation Expenses
DisposalGroupIncludingDiscontinuedOperationDepreciationExpenses
2000000
CY2013 ceco Disposal Group Including Discontinued Operation Depreciation Expenses
DisposalGroupIncludingDiscontinuedOperationDepreciationExpenses
10700000
CY2015 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
41700000
CY2014 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
25000000
CY2015 ceco Gain On Operating Leases Rent Expense
GainOnOperatingLeasesRentExpense
2400000
CY2014Q4 ceco Remaining Lease Obligations
RemainingLeaseObligations
7094000
CY2015 ceco Remaining Lease Obligations Incurred
RemainingLeaseObligationsIncurred
20552000
CY2015 ceco Remaining Lease Obligations Net Cash Payments
RemainingLeaseObligationsNetCashPayments
18817000
CY2015 ceco Remaining Lease Obligations Other
RemainingLeaseObligationsOther
4063000
CY2015Q4 ceco Remaining Lease Obligations
RemainingLeaseObligations
12892000
CY2013Q4 ceco Remaining Lease Obligations
RemainingLeaseObligations
7259000
CY2014 ceco Remaining Lease Obligations Incurred
RemainingLeaseObligationsIncurred
4496000
CY2014 ceco Remaining Lease Obligations Net Cash Payments
RemainingLeaseObligationsNetCashPayments
5475000
CY2014 ceco Remaining Lease Obligations Other
RemainingLeaseObligationsOther
814000
CY2012Q4 ceco Remaining Lease Obligations
RemainingLeaseObligations
9241000
CY2013 ceco Remaining Lease Obligations Incurred
RemainingLeaseObligationsIncurred
2579000
CY2013 ceco Remaining Lease Obligations Net Cash Payments
RemainingLeaseObligationsNetCashPayments
7825000
CY2013 ceco Remaining Lease Obligations Other
RemainingLeaseObligationsOther
3264000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
69841000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
61279000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
52216000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
37321000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
26208000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
19404000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
266269000
CY2015Q4 ceco Future Minimum Sublease Rentals Under Operating Leases Within One Year
FutureMinimumSubleaseRentalsUnderOperatingLeasesWithinOneYear
8780000
CY2015Q4 ceco Future Minimum Sublease Rentals Under Operating Leases Within Two Years
FutureMinimumSubleaseRentalsUnderOperatingLeasesWithinTwoYears
8327000
CY2015Q4 ceco Future Minimum Sublease Rentals Under Operating Leases Within Three Years
FutureMinimumSubleaseRentalsUnderOperatingLeasesWithinThreeYears
3893000
CY2015Q4 ceco Future Minimum Sublease Rentals Under Operating Leases Within Four Years
FutureMinimumSubleaseRentalsUnderOperatingLeasesWithinFourYears
2290000
CY2015Q4 ceco Future Minimum Sublease Rentals Under Operating Leases Within Five Years
FutureMinimumSubleaseRentalsUnderOperatingLeasesWithinFiveYears
1013000
CY2015Q4 ceco Future Minimum Sublease Rentals Under Operating Leases Thereafter
FutureMinimumSubleaseRentalsUnderOperatingLeasesThereafter
55000
CY2015Q4 ceco Future Minimum Sublease Rentals Under Operating Leases
FutureMinimumSubleaseRentalsUnderOperatingLeases
24358000
CY2015 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0
CY2014 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9182000
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7782000
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1400000
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10109000
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9890000
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
219000
CY2015Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
7900000
CY2014Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
28000000
CY2015Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
1400000
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
2712000
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
3256000
CY2012Q4 us-gaap Restructuring Reserve
RestructuringReserve
6045000
CY2015 us-gaap Restructuring Charges
RestructuringCharges
24085000
CY2014 us-gaap Restructuring Charges
RestructuringCharges
3979000
CY2013 us-gaap Restructuring Charges
RestructuringCharges
5556000
CY2015 us-gaap Payments For Restructuring
PaymentsForRestructuring
7518000
CY2014 us-gaap Payments For Restructuring
PaymentsForRestructuring
3120000
CY2013 us-gaap Payments For Restructuring
PaymentsForRestructuring
7412000
CY2015 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
-294000
CY2014 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
-1403000
CY2013 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
-933000
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
18985000
CY2015Q4 ceco Severance Accrual Short Term Portion Restructuring
SeveranceAccrualShortTermPortionRestructuring
11500000
CY2014Q4 ceco Severance Accrual Short Term Portion Restructuring
SeveranceAccrualShortTermPortionRestructuring
1700000
CY2015Q4 ceco Severance Accrual Long Term Portion
SeveranceAccrualLongTermPortion
7500000
CY2014Q4 ceco Severance Accrual Long Term Portion
SeveranceAccrualLongTermPortion
1000000
CY2015 ceco Lease Expiration Teach Out Campuses
LeaseExpirationTeachOutCampuses
2023
CY2015Q4 ceco Retention Bonuses Accrued In Association With Restructuring
RetentionBonusesAccruedInAssociationWithRestructuring
1800000
CY2015 ceco Remaining Lease Obligations Restructuring Incurred
RemainingLeaseObligationsRestructuringIncurred
20600000
CY2015Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
2700000
CY2014Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
4400000
CY2012Q1 ceco Number Of Oig Findings
NumberOfOigFindings
3
CY2012Q1 ceco Campus Number With Documentation Finding By Office Of Inspector General
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CY2015 ceco Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Forfeited In Period
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CY2015Q4 ceco Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Number
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CY2014 ceco Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Grants In Period Weighted Average Grant Date Fair Value
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CY2014Q4 ceco Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Weighted Average Grant Date Fair Value
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CY2015 ceco Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Grants In Period Weighted Average Grant Date Fair Value
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CY2015 ceco Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Vested Weighted Average Grant Date Fair Value
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CY2015 ceco Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Nonvested Forfeited Weighted Average Grant Date Fair Value
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CY2015Q4 ceco Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Weighted Average Grant Date Fair Value
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CY2013 ceco Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited Settled In Cash
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CY2013Q4 ceco Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Non Vested Number Settled In Cash
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CY2014 ceco Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Settled In Cash
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CY2014 ceco Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested Settled In Cash
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CY2014 ceco Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited Settled In Cash
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CY2014Q4 ceco Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Non Vested Number Settled In Cash
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CY2015 ceco Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested Settled In Cash
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CY2015 ceco Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited Settled In Cash
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CY2015Q4 ceco Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Non Vested Number Settled In Cash
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4800000
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CY2015 us-gaap Allocated Share Based Compensation Expense
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CY2013 us-gaap Allocated Share Based Compensation Expense
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
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CY2015 ceco Performance Unit Awards Expense
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2100000
CY2014 ceco Performance Unit Awards Expense
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CY2013 ceco Performance Unit Awards Expense
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.014
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.011
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
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CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.730
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.646
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.86
CY2014 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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CY2013 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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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.653
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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CY2015 ceco Common Stock Equivalents
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CY2015Q4 us-gaap Earnings Per Share Basic
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240401000
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CY2013 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2015 ceco Employer Vested To Defined Contribution Retirement Saving Plan Percentage
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CY2014 us-gaap Defined Contribution Plan Cost Recognized
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CY2013 us-gaap Defined Contribution Plan Cost Recognized
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4600000
CY2015 us-gaap Defined Contribution Plan Cost Recognized
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Offering Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPriceOfferingDate
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9900000

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