Acquisitions and Dispositions of Businesses (Tables)

6 Months Ended

Jun. 30, 2016

Acqusitions and Dispositions [Abstract]

Schedule of assets acquired and liabilities assumed

Acquisition-related costs were expensed as incurred and were not significant. The aggregate purchase price of these 2016 acquisitions was allocated as follows on a preliminary basis:

	Weighted Average Life	Purchase Price Allocation
(in thousands)
Cash and cash equivalents		$	8,370
Accounts receivable		6,065
Other current assets		748
Property, plant and equipment		1,940
Goodwill		161,399
Indefinite-lived intangible assets
Trade names and trademarks		53,110
Amortized intangible assets
Student and customer relationships	3 years	5,174
Trade names and trademarks	5 years	1,347
	3 years	6,521
Current liabilities		(18,353		)
Noncurrent liabilities		(11,094		)
		$	208,706

Acquisition Pro Forma Financial Information [Table Text Block]

The following unaudited pro forma financial information presents the Company’s results as if the acquisitions had occurred at the beginning of 2015. The unaudited pro forma information also includes the 2015 acquisitions as if they occurred at the beginning of 2014:

	Three Months Ended   June 30				Six Months Ended   June 30
(in thousands)	2016		2015		2016		2015
Operating revenues	$	628,933	$	740,593	$	1,230,852	$	1,440,903
Net income	62,133		65,341		102,225		90,915

Information related to Disposal Group

The revenue and operating losses related to schools that were sold as part of the ECA transaction are as follows:

	Three Months Ended   June 30, 2015			Six Months Ended   June 30, 2015
(in thousands)
Revenue	$	63,036		$	124,123
Operating loss	(4,287		)	(7,301		)