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SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2015
SEGMENT REPORTING [Abstract]  
SEGMENT REPORTING
13.SEGMENT REPORTING

The for-profit education industry has been impacted by numerous regulatory changes, the changing economy and an onslaught of negative articles in the press. As a result of these actions, student populations have declined and operating costs have increased.  Over the past few years, the Company has closed over 10 locations and exited its online business.  The Company reviewed how it has been structured and decided to change its organization to enable the Company to better allocate financial and human resources to respond to its markets and with the goal of improving its profitability and competitive advantage.  In the past, the Company offered any combination of programs at any campus.  The Company has changed its focus to program offerings that create greater differentiation and attain excellence to attract more students and gain market share.  Also strategically, the Company began offering continuing education training to employers who hire its students and this is best achieved at campuses focused on their profession.

As a result of these environmental, market forces and strategic decisions, the Company operated in three reportable segments: a) Transportation and Skilled Trades, b) Healthcare and Other Professions, and c) Transitional which refers to business that is currently being phased out.

The Company’s reportable segments have been determined based on the method by which our chief operating decision maker now evaluates performance and allocates resources.  Each reportable segment represents a group of post-secondary education providers that offer a variety of degree and non-degree academic programs.  These segments are organized by key market segments to enhance operational alignment within each segment to more effectively execute the Company’s strategic plan.  Each of the Company’s schools is a reporting unit and an operating segment.  The Company’s operating segments have been aggregated into three reportable segments because, in the Company’s judgment, the reporting units have similar services, types of customers, regulatory environment and economic characteristics.

On November 3, 2015 the Board of Directors approved a plan for the Company to divest 17 of the 18 schools included in the Healthcare and Other Professions business segment.  Then, in December 2015, the Board of Directors approved a plan to cease operations of the remaining school in this segment located in Hartford, Connecticut.  That school is scheduled to close in the fourth quarter of 2016.  Divestiture of the Company’s Healthcare and Other Professions business segment marks a strategic shift in business strategy.  The results of operations of these 17 campuses are reflected as discontinued operations in the consolidated financial statements.  The Hartford, Connecticut campus, which was previously included in the Healthcare and Other Professions segment is now included in the Transitional segment.  Implementation of the plan would result in the Company’s operations focused solely on the Transportation and Skilled Trades segment.

The Company’s two remaining reporting segments are described below.
 
Transportation and Skilled Trades – Transportation and Skilled Trades offers academic programs mainly in the career-oriented disciplines of transportation and skilled trades (e.g. automotive, diesel, HVAC, welding and manufacturing).

Transitional – Transitional refers to operations that are being phased out and consists of the Company’s Fern Park, Florida and Hartford, Connecticut campuses, which are currently being taught out.  Each school is employing a gradual teach-out process that enables the schools to continue to operate while current students complete their course of study. These schools are no longer enrolling new students.  In the first quarter of 2015, the Company announced that it was teaching out the campus in Fern Park, Florida.  On December 3, 2015, the Company announced it was teaching out the Hartford, Connecticut campus. The teach-out at theses campuses is expected to be complete by March 2016 and December 2016, respectively.

The Company evaluates segment performance based on operating results.  Adjustments to reconcile segment results to consolidated results are included under the caption “Corporate,” which primarily includes unallocated corporate activity.

Summary financial information by reporting segment is as follows:

  
For the Year Ended December 31,
 
  
Revenue
        
Operating (Loss) Income
 
  
2015
  
% of
Total
  
2014
  
% of
Total
  
2013
  
% of
Total
  
2015
  
2014
  
2013
 
Transportation and Skilled Trades
 
$
183,821
   
95.1
%
 
$
188,669
   
93.0
%
 
$
196,230
   
91.0
%
 
$
26,778
  
$
19,519
  
$
27,917
 
Transitional
  
9,399
   
4.9
%
  
14,220
   
7.0
%
  
19,366
   
9.0
%
  
(6,860
)
  
(7,646
)
  
(5,938
)
Corporate
  
-
   
0.0
%
  
-
   
0.0
%
  
-
   
0.0
%
  
(19,140
)
  
(23,364
)
  
(25,431
)
Total
 
$
193,220
   
100
%
 
$
202,889
   
100
%
 
$
215,596
   
100
%
 
$
778
  
$
(11,491
)
 
$
(3,452
)

  
Total Assets
 
  
December 31, 2015
  
December 31, 2014
 
Transportation and Skilled Trades
 
$
90,045
  
$
97,650
 
Transitional
  
1,795
   
2,184
 
Corporate
  
72,528
   
51,473
 
Discontinued Operations
  
45,911
   
62,400
 
Total
 
$
210,279
  
$
213,707