DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2012

DISCONTINUED OPERATIONS [Abstract]

DISCONTINUED OPERATIONS

4. DISCONTINUED OPERATIONS

On July 31, 2012, the Company's Board of Directors approved a plan to cease operations at seven campuses.  The adjustments made to the Company's business model to better align with the DOE's increased emphasis on student outcomes and the Company's efforts to comply with the 90/10 rule and cohort default rates greatly impacted the population at these campuses.  In addition, the current economic environment and regulatory changes under the Consolidated Appropriations Act, 2012, which eliminated the ability to enroll "ability to benefit" ("ATB") students, have made these campuses no longer viable.  Accordingly, the Company ceased operations at these campuses as of December 31, 2012.  The results of operations are reflected as discontinued operations in the consolidated financial statements.

The results of operations at these seven campuses for the three year periods ended December 31, 2012 were as follows (in thousands):

	Year Ended December 31,
	2012			2011			2010
Revenue	$	8,500		$	20,804		$	34,732
(Loss) income before income tax		(22,142	)		(5,260	)		7,657
Income tax (benefit) expense		(8,837	)		(1,685	)		3,613
Net (loss) income from discontiued operations	$	(13,305	)	$	(3,575	)	$	4,044

Amounts include impairments of goodwill and long-lived assets for these campuses of $9.5 million, $2.1 million and $1.4 million for the years ended December 31, 2012, 2011 and 2010, respectively.