2018 Q3 Form 10-Q Financial Statement
#000156459018026239 Filed on November 01, 2018
Income Statement
| Concept | 2018 Q3 | 2017 Q3 |
|---|---|---|
| Revenue | $145.7M | $145.0M |
| YoY Change | 0.49% | -13.51% |
| Cost Of Revenue | $27.20M | $37.80M |
| YoY Change | -28.04% | -26.46% |
| Gross Profit | $118.5M | $107.2M |
| YoY Change | 10.54% | -7.75% |
| Gross Profit Margin | 81.34% | 73.94% |
| Selling, General & Admin | $96.80M | $99.10M |
| YoY Change | -2.32% | -11.28% |
| % of Gross Profit | 81.69% | 92.44% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $2.300M | $3.600M |
| YoY Change | -36.11% | -30.77% |
| % of Gross Profit | 1.94% | 3.36% |
| Operating Expenses | $126.4M | $102.6M |
| YoY Change | 23.2% | -12.23% |
| Operating Profit | $19.28M | $4.539M |
| YoY Change | 324.83% | -742.92% |
| Interest Expense | $108.0K | $400.0K |
| YoY Change | -73.0% | 100.0% |
| % of Operating Profit | 0.56% | 8.81% |
| Other Income/Expense, Net | $874.0K | $200.0K |
| YoY Change | 337.0% | |
| Pretax Income | $20.16M | $5.100M |
| YoY Change | 295.24% | -1120.0% |
| Income Tax | $5.089M | $1.600M |
| % Of Pretax Income | 25.25% | 31.37% |
| Net Earnings | $14.86M | $3.022M |
| YoY Change | 391.63% | -540.52% |
| Net Earnings / Revenue | 10.2% | 2.08% |
| Basic Earnings Per Share | $0.21 | $0.04 |
| Diluted Earnings Per Share | $0.21 | $0.04 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 69.74M | |
| Diluted Shares Outstanding | 71.79M |
Balance Sheet
| Concept | 2018 Q3 | 2017 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $188.4M | $168.1M |
| YoY Change | 12.08% | -18.71% |
| Cash & Equivalents | $32.00M | $17.07M |
| Short-Term Investments | $156.3M | $151.8M |
| Other Short-Term Assets | $14.30M | $17.90M |
| YoY Change | -20.11% | -27.82% |
| Inventory | $900.0K | $1.000M |
| Prepaid Expenses | ||
| Receivables | $34.00M | $21.10M |
| Other Receivables | $2.500M | $1.000M |
| Total Short-Term Assets | $240.1M | $209.1M |
| YoY Change | 14.83% | -19.52% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $30.00M | $33.30M |
| YoY Change | -9.91% | -26.33% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $93.80M | $160.9M |
| YoY Change | -41.7% | 9.23% |
| Total Long-Term Assets | $221.3M | $292.1M |
| YoY Change | -24.24% | 0.14% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $240.1M | $209.1M |
| Total Long-Term Assets | $221.3M | $292.1M |
| Total Assets | $461.4M | $501.2M |
| YoY Change | -7.94% | -9.12% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $12.60M | $11.80M |
| YoY Change | 6.78% | -26.25% |
| Accrued Expenses | $40.20M | $66.80M |
| YoY Change | -39.82% | 13.8% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $91.60M | $120.0M |
| YoY Change | -23.67% | -8.26% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $30.10M | $41.80M |
| YoY Change | -27.99% | -36.38% |
| Total Long-Term Liabilities | $30.10M | $41.80M |
| YoY Change | -27.99% | -36.38% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $91.60M | $120.0M |
| Total Long-Term Liabilities | $30.10M | $41.80M |
| Total Liabilities | $121.7M | $161.8M |
| YoY Change | -24.78% | -17.66% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $339.6M | $339.4M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $461.4M | $501.2M |
| YoY Change | -7.94% | -9.12% |
Cashflow Statement
| Concept | 2018 Q3 | 2017 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $14.86M | $3.022M |
| YoY Change | 391.63% | -540.52% |
| Depreciation, Depletion And Amortization | $2.300M | $3.600M |
| YoY Change | -36.11% | -30.77% |
| Cash From Operating Activities | $3.500M | $5.100M |
| YoY Change | -31.37% | -47.42% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.300M | -$1.300M |
| YoY Change | 0.0% | -7.14% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$4.300M | -$27.10M |
| YoY Change | -84.13% | 984.0% |
| Cash From Investing Activities | -$5.500M | -$28.30M |
| YoY Change | -80.57% | 625.64% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 300.0K | 0.000 |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | 3.500M | 5.100M |
| Cash From Investing Activities | -5.500M | -28.30M |
| Cash From Financing Activities | 300.0K | 0.000 |
| Net Change In Cash | -1.700M | -23.20M |
| YoY Change | -92.67% | -486.67% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $3.500M | $5.100M |
| Capital Expenditures | -$1.300M | -$1.300M |
| Free Cash Flow | $4.800M | $6.400M |
| YoY Change | -25.0% | -42.34% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity Registrant Name
EntityRegistrantName
|
CAREER EDUCATION CORP | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001046568 | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
| CY2018Q3 | ceco |
Debt Securities Available For Sale Restricted Current
DebtSecuritiesAvailableForSaleRestrictedCurrent
|
4320000 | |
| CY2017Q4 | ceco |
Debt Securities Available For Sale Restricted Current
DebtSecuritiesAvailableForSaleRestrictedCurrent
|
5070000 | |
| CY2018Q3 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
156336000 | |
| CY2017Q4 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
156178000 | |
| CY2017Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
98084000 | |
| CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
5673000 | |
| CY2017Q4 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
1585000 | |
| CY2017Q4 | us-gaap |
Assets
Assets
|
447096000 | |
| CY2017Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
22897000 | |
| CY2017Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
213825000 | |
| CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1400000 | |
| ceco |
Educational Services And Facilities Expense
EducationalServicesAndFacilitiesExpense
|
114367000 | ||
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
304158000 | ||
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
11368000 | ||
| us-gaap |
Operating Expenses
OperatingExpenses
|
384676000 | ||
| us-gaap |
Operating Expenses
OperatingExpenses
|
429893000 | ||
| us-gaap |
Profit Loss
ProfitLoss
|
12485000 | ||
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-10282000 | ||
| us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
3426000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6136000 | ||
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2548000 | ||
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1170000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1378000 | ||
| us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
48000 | ||
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-33817000 | ||
| CY2017Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
17065000 | |
| us-gaap |
Nature Of Operations
NatureOfOperations
|
<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’s academic institutions offer a quality education to a diverse student population in a variety of disciplines through online, campus-based and blended learning programs. Our two universities – American InterContinental University (“AIU”) and Colorado Technical University (“CTU”) – provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels. Both universities predominantly serve students online with career-focused degree programs that are designed to meet the educational demands of today’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><sup style="font-size:85%; vertical-align:top">®</sup> learning platform. 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 All Other Campuses segment. Students enrolled at these campuses have been 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 our University Group locations and web links to these institutions 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 Quarterly Report on Form 10-Q, the terms “we,” “us,” “our,” “the Company” and “CEC” refer to Career Education Corporation and our wholly-owned subsidiaries. The terms “college,” “institution” and “university” refer to an individual, branded, for-profit educational institution, owned by us and includes its campus locations. The term “campus” refers to an individual main or branch campus operated by one of our colleges, institutions or universities.</p></div> | ||
| ceco |
Short Term Investment Continuous Unrealized Loss Position Period
ShortTermInvestmentContinuousUnrealizedLossPositionPeriod
|
P1Y | ||
| ceco |
Length Of Academic Year
LengthOfAcademicYear
|
P210D | ||
| CY2018Q3 | ceco |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax Including Restricted Securities Current
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTaxIncludingRestrictedSecuritiesCurrent
|
17000 | |
| CY2018Q3 | ceco |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax Including Restricted Securities Current
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTaxIncludingRestrictedSecuritiesCurrent
|
368000 | |
| CY2018Q3 | ceco |
Available For Sale Debt Securities Including Restricted Securities Current
AvailableForSaleDebtSecuritiesIncludingRestrictedSecuritiesCurrent
|
160656000 | |
| CY2017Q4 | ceco |
Available For Sale Debt Securities Amortized Cost Basis Including Restricted Securities Current
AvailableForSaleDebtSecuritiesAmortizedCostBasisIncludingRestrictedSecuritiesCurrent
|
161596000 | |
| CY2017Q4 | ceco |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax Including Restricted Securities Current
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTaxIncludingRestrictedSecuritiesCurrent
|
7000 | |
| CY2017Q4 | ceco |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax Including Restricted Securities Current
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTaxIncludingRestrictedSecuritiesCurrent
|
355000 | |
| CY2017Q4 | ceco |
Available For Sale Debt Securities Including Restricted Securities Current
AvailableForSaleDebtSecuritiesIncludingRestrictedSecuritiesCurrent
|
161248000 | |
| CY2018Q1 | ceco |
Gross Deferred Revenue
GrossDeferredRevenue
|
39544000 | |
| CY2018Q1 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
9984000 | |
| CY2018Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
29560000 | |
| CY2018Q2 | ceco |
Gross Deferred Revenue
GrossDeferredRevenue
|
37260000 | |
| CY2018Q3 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
32921000 | |
| CY2018Q3 | ceco |
Current Period Charges
CurrentPeriodCharges
|
167192000 | |
| CY2018Q3 | us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
111961000 | |
| CY2018Q3 | ceco |
Deferred Revenue Other Adjustments
DeferredRevenueOtherAdjustments
|
791000 | |
| CY2017Q4 | ceco |
Gross Deferred Revenue
GrossDeferredRevenue
|
39544000 | |
| us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
36606000 | ||
| ceco |
Current Period Charges
CurrentPeriodCharges
|
453176000 | ||
| us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
397130000 | ||
| ceco |
Deferred Revenue Other Adjustments
DeferredRevenueOtherAdjustments
|
205000 | ||
| CY2018Q3 | ceco |
Refund Liability Reserve
RefundLiabilityReserve
|
900000 | |
| CY2018Q3 | ceco |
Number Of Remaining Campuses Expected To Cease Operations
NumberOfRemainingCampusesExpectedToCeaseOperations
|
2 | |
| us-gaap |
Restructuring Charges
RestructuringCharges
|
1898000 | ||
| CY2017Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
2170000 | |
| CY2016Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
8686000 | |
| CY2018Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1898000 | |
| CY2017Q3 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
1715000 | |
| us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
1607000 | ||
| us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
5166000 | ||
| CY2017Q3 | us-gaap |
Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
|
23000 | |
| us-gaap |
Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
|
-161000 | ||
| us-gaap |
Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
|
-243000 | ||
| CY2018Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
2300000 | |
| CY2017Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
3277000 | |
| CY2018Q3 | ceco |
Severance Accrual Short Term Portion Restructuring
SeveranceAccrualShortTermPortionRestructuring
|
2300000 | |
| CY2017Q4 | ceco |
Severance Accrual Short Term Portion Restructuring
SeveranceAccrualShortTermPortionRestructuring
|
2100000 | |
| CY2018Q3 | ceco |
Retention Bonuses Accrued In Association With Restructuring
RetentionBonusesAccruedInAssociationWithRestructuring
|
300000 | |
| CY2017Q4 | ceco |
Retention Bonuses Accrued In Association With Restructuring
RetentionBonusesAccruedInAssociationWithRestructuring
|
500000 | |
| CY2018Q2 | ceco |
Remaining Lease Obligations
RemainingLeaseObligations
|
14327000 | |
| CY2017Q2 | ceco |
Remaining Lease Obligations
RemainingLeaseObligations
|
27109000 | |
| CY2017Q4 | ceco |
Remaining Lease Obligations
RemainingLeaseObligations
|
20763000 | |
| CY2016Q4 | ceco |
Remaining Lease Obligations
RemainingLeaseObligations
|
36814000 | |
| CY2018Q3 | ceco |
Remaining Lease Obligations Incurred
RemainingLeaseObligationsIncurred
|
2304000 | |
| CY2017Q3 | ceco |
Remaining Lease Obligations Incurred
RemainingLeaseObligationsIncurred
|
9422000 | |
| ceco |
Remaining Lease Obligations Incurred
RemainingLeaseObligationsIncurred
|
7901000 | ||
| ceco |
Remaining Lease Obligations Incurred
RemainingLeaseObligationsIncurred
|
14628000 | ||
| CY2018Q3 | ceco |
Remaining Lease Obligations Net Cash Payments
RemainingLeaseObligationsNetCashPayments
|
5388000 | |
| CY2017Q3 | ceco |
Remaining Lease Obligations Net Cash Payments
RemainingLeaseObligationsNetCashPayments
|
9094000 | |
| ceco |
Remaining Lease Obligations Net Cash Payments
RemainingLeaseObligationsNetCashPayments
|
17462000 | ||
| ceco |
Remaining Lease Obligations Net Cash Payments
RemainingLeaseObligationsNetCashPayments
|
23496000 | ||
| CY2017Q3 | ceco |
Remaining Lease Obligations Other
RemainingLeaseObligationsOther
|
2932000 | |
| ceco |
Remaining Lease Obligations Other
RemainingLeaseObligationsOther
|
41000 | ||
| ceco |
Remaining Lease Obligations Other
RemainingLeaseObligationsOther
|
2423000 | ||
| CY2018Q3 | ceco |
Remaining Lease Obligations
RemainingLeaseObligations
|
11243000 | |
| CY2017Q3 | ceco |
Remaining Lease Obligations
RemainingLeaseObligations
|
30369000 | |
| ceco |
Remaining Lease Obligations Restructuring Incurred
RemainingLeaseObligationsRestructuringIncurred
|
75600000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
337000 | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
8.46 | ||
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
161000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
226000 | ||
| CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2818000 | |
| CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1828000 | |
| CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
9.86 | |
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
14.10 | ||
| us-gaap |
Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
|
325 | ||
| CY2018Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.252 | |
| CY2017Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.313 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.216 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.447 | ||
| CY2017Q4 | ceco |
Deferred Tax Assets Valuation Allowance Related To Foreign Tax Credits State Net Operating Loss And Edge Credits
DeferredTaxAssetsValuationAllowanceRelatedToForeignTaxCreditsStateNetOperatingLossAndEdgeCredits
|
50500000 | |
| CY2018Q3 | ceco |
Effective Income Tax Rate Reconciliation Change From Discreet Tax Items
EffectiveIncomeTaxRateReconciliationChangeFromDiscreetTaxItems
|
0.027 | |
| ceco |
Effective Income Tax Rate Reconciliation Change From Discreet Tax Items
EffectiveIncomeTaxRateReconciliationChangeFromDiscreetTaxItems
|
0.052 | ||
| ceco |
Effective Income Tax Rate Reconciliation Change From Discreet Tax Items
EffectiveIncomeTaxRateReconciliationChangeFromDiscreetTaxItems
|
-0.046 | ||
| CY2017Q3 | ceco |
Effective Income Tax Rate Reconciliation Change From Discreet Tax Items
EffectiveIncomeTaxRateReconciliationChangeFromDiscreetTaxItems
|
0.006 | |
| CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
| ceco |
Employee Service Share Based Compensation Tax Expense Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxExpenseBenefitFromCompensationExpense
|
1100000 | ||
| CY2018Q3 | us-gaap |
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
|
1800000 | |
| CY2018Q3 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
1800000 | |
| CY2017Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
1900000 | |
| CY2018Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
8000000 | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
|
P4Y | ||
| CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2868000 | |
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
20.58 | ||
| CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
9.59 | |
| CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
10.17 | |
| ceco |
Restricted Stock Units To Be Settled In Shares Exercisable In Percentage
RestrictedStockUnitsToBeSettledInSharesExercisableInPercentage
|
0.25 | ||
| CY2017Q4 | ceco |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedNumber
|
76000 | |
| ceco |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsGrantsInPeriod
|
0 | ||
| ceco |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Unit Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitVestedInPeriod
|
0 | ||
| ceco |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsForfeitedInPeriod
|
0 | ||
| CY2018Q3 | ceco |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedNumber
|
76000 | |
| CY2017Q4 | ceco |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedWeightedAverageGrantDateFairValue
|
4.44 | |
| ceco |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0 | ||
| ceco |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Vested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsVestedWeightedAverageGrantDateFairValue
|
0 | ||
| ceco |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Nonvested Forfeited Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsNonvestedForfeitedWeightedAverageGrantDateFairValue
|
0 | ||
| CY2018Q3 | ceco |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedWeightedAverageGrantDateFairValue
|
4.44 | |
| ceco |
Restricted Stock Units To Be Settled In Cash Exercisable In Percentage
RestrictedStockUnitsToBeSettledInCashExercisableInPercentage
|
0.25 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
|
P4Y | ||
| ceco |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested Settled In Cash
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedSettledInCash
|
210000 | ||
| ceco |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited Settled In Cash
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedSettledInCash
|
45000 | ||
| CY2018Q3 | ceco |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Non Vested Number Settled In Cash
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedNumberSettledInCash
|
217000 | |
| ceco |
Expense For Restricted Stock Units Settled In Cash
ExpenseForRestrictedStockUnitsSettledInCash
|
2000000 | ||
| CY2018Q3 | ceco |
Expense For Restricted Stock Units Settled In Cash
ExpenseForRestrictedStockUnitsSettledInCash
|
400000 | |
| CY2018Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1875000 | |
| CY2017Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2652000 | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6127000 | ||
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6938000 | ||
| ceco |
Performance Based Compensation Arrangements By Cash Payment Award Vesting Period1
PerformanceBasedCompensationArrangementsByCashPaymentAwardVestingPeriod1
|
P3Y | ||
| ceco |
Expense For Performance Unit Awards Expense Settled In Cash
ExpenseForPerformanceUnitAwardsExpenseSettledInCash
|
2500000 | ||
| ceco |
Expense For Performance Unit Awards Expense Settled In Cash
ExpenseForPerformanceUnitAwardsExpenseSettledInCash
|
3700000 | ||
| CY2018Q3 | ceco |
Expense For Performance Unit Awards Expense Settled In Cash
ExpenseForPerformanceUnitAwardsExpenseSettledInCash
|
900000 | |
| CY2017Q3 | ceco |
Expense For Performance Unit Awards Expense Settled In Cash
ExpenseForPerformanceUnitAwardsExpenseSettledInCash
|
1400000 | |
| CY2018Q3 | ceco |
Common Stock Equivalents
CommonStockEquivalents
|
2053000 | |
| CY2017Q3 | ceco |
Common Stock Equivalents
CommonStockEquivalents
|
1783000 | |
| ceco |
Common Stock Equivalents
CommonStockEquivalents
|
1883000 | ||
| ceco |
Common Stock Equivalents
CommonStockEquivalents
|
1763000 | ||
| CY2018Q3 | ceco |
Percentage Of Revenue
PercentageOfRevenue
|
1.000 | |
| ceco |
Percentage Of Revenue
PercentageOfRevenue
|
1.000 | ||
| ceco |
Percentage Of Revenue
PercentageOfRevenue
|
1.000 | ||
| CY2018Q3 | ceco |
Disposal Group Including Discontinued Operation Operating Expense Net
DisposalGroupIncludingDiscontinuedOperationOperatingExpenseNet
|
277000 | |
| CY2017Q3 | ceco |
Disposal Group Including Discontinued Operation Operating Expense Net
DisposalGroupIncludingDiscontinuedOperationOperatingExpenseNet
|
814000 | |
| ceco |
Disposal Group Including Discontinued Operation Operating Expense Net
DisposalGroupIncludingDiscontinuedOperationOperatingExpenseNet
|
922000 | ||
| ceco |
Disposal Group Including Discontinued Operation Operating Expense Net
DisposalGroupIncludingDiscontinuedOperationOperatingExpenseNet
|
2071000 | ||
| CY2018Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
-277000 | |
| CY2017Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
-771000 | |
| us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
-922000 | ||
| us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
-2028000 | ||
| CY2018Q3 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-66000 | |
| CY2017Q3 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-295000 | |
| us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-216000 | ||
| us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-755000 | ||
| CY2018Q3 | us-gaap |
Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
|
66000 | |
| CY2017Q4 | us-gaap |
Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
|
382000 | |
| CY2018Q3 | us-gaap |
Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
|
11000 | |
| CY2018Q3 | us-gaap |
Disposal Group Including Discontinued Operation Deferred Tax Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationDeferredTaxAssetsNoncurrent
|
1585000 | |
| CY2017Q4 | us-gaap |
Disposal Group Including Discontinued Operation Deferred Tax Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationDeferredTaxAssetsNoncurrent
|
1585000 | |
| CY2018Q3 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
|
1662000 | |
| CY2017Q4 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
|
1967000 | |
| CY2018Q3 | us-gaap |
Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities
|
54000 | |
| CY2017Q4 | us-gaap |
Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities
|
185000 | |
| CY2018Q3 | ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations Current
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsCurrent
|
1959000 | |
| CY2017Q4 | ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations Current
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsCurrent
|
5516000 | |
| CY2017Q4 | ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations Noncurrent
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNoncurrent
|
785000 | |
| CY2018Q3 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
2013000 | |
| CY2017Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
6486000 | |
| ceco |
Discontinued Operations Lease Expiration Year
DiscontinuedOperationsLeaseExpirationYear
|
2019 | ||
| CY2018Q2 | ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligations
|
3109000 | |
| CY2018Q3 | ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations Net Cash Payments
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNetCashPayments
|
1150000 | |
| CY2018Q3 | ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligations
|
1959000 | |
| CY2017Q2 | ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligations
|
9698000 | |
| CY2017Q3 | ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations Incurred And Reversal
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsIncurredAndReversal
|
-251000 | |
| CY2017Q3 | ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations Net Cash Payments
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNetCashPayments
|
1538000 | |
| CY2017Q3 | ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligations
|
8411000 | |
| CY2017Q4 | ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligations
|
6301000 | |
| ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations Incurred And Reversal
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsIncurredAndReversal
|
-3000 | ||
| ceco |
Disposal Group Including Discontinued Operation Remaining Lease Obligations Net Cash Payments
DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNetCashPayments
|
4345000 |
