GOODWILL AND OTHER INTANGIBLES

12 Months Ended

Dec. 31, 2011

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

5.	GOODWILL AND OTHER INTANGIBLES

Changes in the carrying amount of goodwill during the years ended December 31, 2011 and 2010 are as follows:

Balance as of January 1, 2010:
Goodwill	$	115,303
Accumulated impairment losses		(2,350	)
		112,953

Goodwill impairment		(6,244	)
Balance as of December 31, 2010:
Goodwill		115,303
Accumulated impairment losses		(8,594	)
		106,709

Goodwill impairment		(9,338	)
Balance as of December 31, 2011:
Goodwill		115,303
Accumulated impairment losses		(17,932	)
	$	97,371

Intangible assets, which are included in other assets in the accompanying consolidated balance sheets, consisted of the following:

	Student Contracts			Indefinite Trade Name			Trade Name			Accreditation			Curriculum		Non-compete			Total
Gross carrying amount at December 31, 2010	$	4,827		$	660		$	839		$	2,307		$	1,150	$	2,181		$	11,964
Reclassification (1)		-			(480	)		480			-			-		-			-
Write-off (2)		(4,827	)		-			(810	)		-			-		(201	)		(5,838	)
Impairment (3)		-			-			-			(1,039	)		-		-			(1,039	)
Gross carrying amount at December 31, 2011		-			180			509			1,268			1,150		1,980			5,087

Accumulated amortization at December 31, 2010		4,824			-			503			-			505		1,478			7,310
Amortization		3			-			569			-			115		675			1,362
Write-off (2)		(4,827	)		-			(810	)		-			-		(201	)		(5,838	)
Accumulated amortization at December 31, 2011		-			-			262			-			620		1,952			2,834

Net carrying amount at December 31, 2011	$	-		$	180		$	247		$	1,268		$	530	$	28		$	2,253

Weighted average amortization period (years)				Indefinite				6		Indefinite				10		3

	Student Contracts		Indefinite Trade Name			Trade Name		Accreditation		Curriculum		Non-compete		Total
Gross carrying amount at December 31, 2009	$	4,827	$	990		$	509	$	2,307	$	1,150	$	2,181	$	11,964
Reclassification (4)		-		(330	)		330		-		-		-		-
Gross carrying amount at December 31, 2010		4,827		660			839		2,307		1,150		2,181		11,964

Accumulated amortization at December 31, 2009		3,834		-			84		-		390		778		5,086
Amortization		990		-			419		-		115		700		2,224
Accumulated amortization at December 31, 2010		4,824		-			503		-		505		1,478		7,310

Net carrying amount at December 31, 2010	$	3	$	660		$	336	$	2,307	$	645	$	703	$	4,654

Weighted average amortization period (years)		2	Indefinite				6	Indefinite			10		3

(1) Reclassification due to the Company's plan to rebrand one of its institutions.

(2) The Company wrote-off the value of fully amortized assets not in service.

(3) The impairment relates to regional accreditation indefinite intangible asset that is no longer being utilized.

(4) Reclassification due to the Company's plan to rebrand a group of schools.

Amortization of intangible assets for the years ended December 31, 2011, 2010 and 2009 was approximately $1.4 million, $2.2 million and $2.5 million, respectively.

The following table summarizes the estimated future amortization expense:

Year Ending December 31,
2012	$	232
2013		181
2014		160
2015		91
2016		47
Thereafter		94

	$	805

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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