SUBSEQUENT EVENT

9 Months Ended

Sep. 30, 2015

SUBSEQUENT EVENT [Abstract]

SUBSEQUENT EVENT

11. SUBSEQUENT EVENT

As previously reported, on November 3, 2015, the Board of Directors approved a plan for the Company to divest its Healthcare and Other Professions business segment.  Implementation of the plan will result in the Company’s operations being focused solely on the Transportation and Skilled Trades business segment.  Due to the Board’s decision to divest the Healthcare and Other Professions business segment, beginning in the fourth quarter of 2015, this segment is anticipated to be classified as discontinued operations and the associated assets and liabilities will be classified as held for sale.  This decision will trigger an impairment test at the segment level which may result in a non-cash impairment charge.  In addition, as of September 30, 2015 the Company has two campuses held for sale.  With the approval of the plan to divest the Healthcare and Other Professions business segment one of the campuses, in the transportation segment, will no longer be included as held for sale.