Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company has two operating segments that are managed in the following reportable segments:

•American Public Education Segment, or APEI Segment; and

•Hondros College of Nursing Segment, or HCON Segment.

In accordance with FASB ASC Topic 280, Segment Reporting, the chief operating decision-maker has been identified as the Company's Chief Executive Officer. The Company's Chief Executive Officer reviews operating results to make decisions about allocating resources and assessing performance for the APEI Segment and HCON Segment.

A summary of financial information by reportable segment is as follows (unaudited):

	Three Months Ended March 31,
	2016		2015
	(In thousands)
Revenue:
American Public Education Segment	$	76,265	$	77,452
Hondros College of Nursing Segment	7,701		7,992
Total Revenue	$	83,966	$	85,444
Depreciation and Amortization:
American Public Education Segment	$	4,579	$	4,315
Hondros College of Nursing Segment	310		274
Total Depreciation and Amortization	$	4,889	$	4,589
Income from continuing operations before interest income and income taxes:
American Public Education Segment	$	15,237	$	13,316
Hondros College of Nursing Segment	733		1,155
Total income from continuing operations before interest income and income taxes	$	15,970	$	14,471
Interest Income, Net
American Public Education Segment	$	37	$	10
Hondros College of Nursing Segment	—		—
Total Interest Income, Net	$	37	$	10
Income Tax Expense
American Public Education Segment	$	5,975	$	5,193
Hondros College of Nursing Segment	292		457
Total Income Tax Expense	$	6,267	$	5,650
Capital Expenditures:
American Public Education Segment	$	2,854	$	5,247
Hondros College of Nursing Segment	285		41
Total Capital Expenditures	$	3,139	$	5,288

A summary of the Company’s consolidated assets by reportable segment is as follows (current period unaudited):

	As of March 31, 2016		As of December 31, 2015
	(Unaudited)
	(In thousands)
Assets:
American Public Education Segment	$	259,730	$	250,118
Hondros College of Nursing Segment	54,668		53,778
Total Assets	$	314,398	$	303,896