GOODWILL AND OTHER INTANGIBLES

12 Months Ended

Dec. 31, 2013

GOODWILL AND OTHER INTANGIBLES [Abstract]

6.	GOODWILL AND OTHER INTANGIBLES

Changes in the carrying amount of goodwill during the years ended December 31, 2013 and 2012 are as follows:

	Gross Goodwill Balance		Accumulated Impairment Losses			Net Goodwill Balance
Balance as of January 1, 2012	$	115,303	$	(17,932	)	$	97,371
Acquisition of FMTI		1,873		-			1,873
Goodwill impairment (1)		-		(33,717	)		(33,717	)
Balance as of December 31, 2012		117,176		(51,649	)		65,527
Goodwill impairment		-		(3,062	)		(3,062	)
Balance as of December 31, 2013	$	117,176	$	(54,711	)	$	62,465

(1)	$12.8 million included in discontinued operations.

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, 2012	$	25		$	180	$	366		$	1,268		$	1,124	$	200	$	3,163
Write-off		(25	)		-		(31	)		(102	)		-		-		(158	)
Gross carrying amount at December 31, 2013		-			180		335			1,166			1,124		200		3,005

Accumulated amortization at December 31, 2012		25			-		209			-			670		28		932
Write-off		(25	)		-		(31	)		-			-		-		(56	)
Amortization		-			-		50			-			158		40		248
Accumulated amortization at December 31, 2013		-			-		228			-			828		68		1,124

Net carrying amount at December 31, 2013	$	-		$	180	$	107		$	1,166		$	296	$	132	$	1,881

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, 2011	$	-	$	180	$	509		$	1,268	$	1,150		$	1,980		$	5,087
Acquisition of FMTI (1)		25		-		25			-		224			200			474
Write-off		-		-		-			-		-			(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		-		-		-			-		-			(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

(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.

Amortization of intangible assets for the years ended December 31, 2013, 2012 and 2011 was approximately $0.4 million, $0.3 million and $1.4 million, respectively.

The following table summarizes the estimated future amortization expense:

Year Ending December 31,
2014	$	200
2015		156
2016		112
2017		46
2018		20
Thereafter		1
	$	535

- 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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