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GOODWILL AND OTHER INTANGIBLES (Tables)
 12 Months Ended
Dec. 31, 2012
GOODWILL AND OTHER INTANGIBLES [Abstract]  
Changes in carrying amount of goodwill
Changes in the carrying amount of goodwill during the years ended December 31, 2012 and 2011 are as follows:
 
Balance as of January 1, 2011:
 
 
 
Goodwill
 
$
115,303
 
Accumulated impairment losses
 
 
(8,594
)
 
 
106,709
 
 
 
 
 
Goodwill impairment (1)
 
 
(9,338
)
Balance as of December 31, 2011:
 
 
 
 
Goodwill
 
 
115,303
 
Accumulated impairment losses
 
 
(17,932
)
 
 
97,371
 
 
 
 
 
Acquisition of FMTI
 
 
1,873
 
Goodwill impairment (2)
 
 
(33,717
)
Balance as of December 31, 2012:
 
 
 
 
Goodwill
 
 
117,176
 
Accumulated impairment losses
 
 
(51,649
)
 
$
65,527
 

(1)
$1.0 million included in discontinued operations.
(2)
$5.5 million included in discontinued operations.
Summary of finite-lived and indefinite-lived intangible assets
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, 2011
 
$
-
 
 
$
180
 
 
$
509
 
 
$
1,268
 
 
$
1,150
 
 
$
1,980
 
 
$
5,087
 
Acquisition of FMTI (1)
 
 
25
 
 
 
-
 
 
 
25
 
 
 
-
 
 
 
224
 
 
 
200
 
 
 
474
 
Write-Off (6)
-
-
-
-
-
(1,980)
(1,980)
Impairment (2)
 
 
-
 
 
 
-
 
 
 
(168
)
 
 
-
 
 
 
(250
)
 
 
-
 
 
 
(418
)
Gross carrying amount at December 31, 2012
 
 
25
 
 
 
180
 
 
 
366
 
 
 
1,268
 
 
 
1,124
 
 
 
200
 
 
 
3,163
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated amortization at December 31, 2011
 
 
-
 
 
 
-
 
 
 
262
 
 
 
-
 
 
 
620
 
 
 
1,952
 
 
 
2,834
 
Amortization
 
 
25
 
 
 
-
 
 
 
74
 
 
 
-
 
 
 
135
 
 
 
56
 
 
 
290
 
Write-Off (6)
-
-
-
-
-
(1,980)
(1,980)
Impairment (2)
 
 
-
 
 
 
-
 
 
 
(127
)
 
 
-
 
 
 
(85
)
 
 
-
 
 
 
(212
)
Accumulated amortization at December 31, 2012
 
 
25
 
 
 
-
 
 
 
209
 
 
 
-
 
 
 
670
 
 
 
28
 
 
 
932
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net carrying amount at December 31, 2012
 
$
-
 
 
$
180
 
 
$
157
 
 
$
1,268
 
 
$
454
 
 
$
172
 
 
$
2,231
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average amortization period (years)
 
 
 
 
 
Indefinite
 
 
 
7
 
 
Indefinite
 
 
 
9
 
 
 
3
 
 
 
 
 

 
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 (3)
 
 
-
 
 
 
(480
)
 
 
480
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Write-off (4)
 
 
(4,827
)
 
 
-
 
 
 
(810
)
 
 
-
 
 
 
-
 
 
 
(201
)
 
 
(5,838
)
Impairment (5)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(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 (4)
 
 
(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
 
 
 
 
 

(1) 
The Company purchased FMTI in April 2012.  Refer to Note 5 for more information on the purchase.
(2) 
Refer to Note 1 for more information related to the impairment.
(3) 
Reclassification due to the Company's plan to rebrand one of its institutions.
(4) 
The Company wrote-off the value of fully amortized assets not in service.
(5) 
The impairment relates to regional accreditation indefinite intangible asset that is no longer being utilized.
Summary of estimated future amortization expense
The following table summarizes the estimated future amortization expense:
 
Year Ending December 31,
 
 
 
2013
 
$
225
 
2014
 
 
224
 
2015
 
 
156
 
2016
 
 
112
 
2017
 
 
46
 
Thereafter
 
 
20
 
 
$
783