GOODWILL AND OTHER INTANGIBLES

12 Months Ended

Dec. 31, 2016

GOODWILL AND OTHER INTANGIBLES [Abstract]

5.	GOODWILL AND OTHER INTANGIBLES

Changes in the carrying amount of goodwill during the years ended December 31, 2016 and 2015 are as follows:

	Gross Goodwill Balance			Accumulated Impairment Losses			Net Goodwill Balance
Balance as of January 1, 2015	$	115,872		$	(93,665	)	$	22,207
Asset held for sale (1)		(7,455	)		-			(7,455	)
Goodwill impairment		-			(216	)		(216	)
Balance as of December 31, 2015		108,417			(93,881	)		14,536
Adjustment		-			-			-
Balance as of December 31, 2016	$	108,417		$	(93,881	)	$	14,536

(1)

Amount consists of $1.3 million of goodwill held for sale as of December 31, 2014 offset by $8.8 million of goodwill as of December 31, 2015. Refer to Note 6 for more information on assets held for sale.

As of December 31, 2016 and 2015 the goodwill balance of $14.5 million is related to the Transportation and Skilled Trades Segment. The goodwill related to the Healthcare and Other Professions Segment of $8.8 million was included in assets held for sale as of December 31, 2015 and was fully impaired as of December 31, 2016.

Intangible assets, which are included in other assets in the accompanying consolidated balance sheets, consisted of the following:

	Trade Name		Accreditation		Curriculum		Total
Gross carrying amount at December 31, 2015	$	310	$	-	$	160	$	470
Additions		-		-		-		-
Gross carrying amount at December 31, 2016		310		-		160		470

Accumulated amortization at December 31, 2015		308		-		112		420
Amortization		2		-		16		18
Accumulated amortization at December 31, 2016		310		-		128		438

Net carrying amount at December 31, 2016	$	-	$	-	$	32	$	32

Weighted average amortization period (years)		7	Indefinite			10

	Trade Name		Accreditation			Curriculum			Total
Gross carrying amount at December 31, 2014	$	310	$	1,064		$	550		$	1,924
Asset held for sale (1)		-		(1,064	)		(390	)		(1,454	)
Gross carrying amount at December 31, 2015		310		-			160			470

Accumulated amortization at December 31, 2014		264		-			469			733
Amortization		44		-			21			65
Asset held for sale (1)		-		-			(378	)		(378	)
Accumulated amortization at December 31, 2015		308		-			112			420

Net carrying amount at December 31, 2015	$	2	$	-		$	48		$	50
Weighted average amortization period (years)		7	Indefinite				10

(1)

Refer to Note 6 for more information on assets held for sale.

Amortization of intangible assets for the years ended December 31, 2016, 2015 and 2014 was approximately $0.1 million, $0.1 million and $0.2 million, respectively.

The following table summarizes the estimated future amortization expense:

Year Ending December 31,
2017	$	16
2018		16

	$	32

- 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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