DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2013

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 U.S. Department of Education's ("DOE") 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" 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 condensed consolidated financial statements.

The results of operations at these seven campuses for the three months ended March 31, 2012 was as follows (in thousands):

	Three Months Ended March 31,
	2012
Revenue	$	3,713
Loss before income taxes		(1,463	)
Income tax benefit		(584	)
Net loss from discontinued opeartions	$	(879	)