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SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2016
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 media attention. 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 ten locations and exited its online business.  On November 3, 2015, the Board of Directors approved a plan for the divestiture of the Company’s schools included in the Healthcare and Other Professions business segment.  In December 2015, the Board of Directors approved a plan to cease operations of the school located in Hartford, Connecticut which closed in the fourth quarter of 2016.  Then, in the fourth quarter of 2016, the Board of Directors approved plans to cease operations at our schools in Henderson (Green Valley), Nevada, Center City Philadelphia, Pennsylvania, Northeast Philadelphia, Pennsylvania and West Palm Beach, Florida.  The Henderson, Nevada campus closed 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 the 15 campuses included in Healthcare and Other Professions business segment are reflected as discontinued operations in the consolidated financial statements.  The Center City Philadelphia, Pennsylvania, Northeast Philadelphia, Pennsylvania and West Palm Beach, Florida campuses, which were previously included in the Healthcare and Other Professions segment are now included in the Transitional segment except the West Palm Beach, Florida properties which remain held-for-sale.  Implementation of the plan would result in the Company’s operations focused solely on the Transportation and Skilled Trades segment.
 
In the past, we offered any combination of programs at any campus.  We have changed our focus to program offerings that create greater differentiation and attain excellence to attract more students and gain market share.  Also strategically, we began offering continuing education training to employers who hire our students and this is best achieved at campuses focused on their profession.

As a result of the regulatory environment, market forces and strategic decisions, we now operate in two reportable segments: a) Transportation and Skilled Trades and b) Transitional.

Our 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 our strategic plan.  Each of the Company’s schools is a reporting unit and an operating segment which have been determined based on a method by which we evaluate performance and allocate resources.  Our operating segments have been aggregated into two reportable segments because, in our judgment, the operating segments have similar services, types of customers, regulatory environment and economic characteristics.  Our reportable 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 our campuses that are currently being taught out. These schools are 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. During the year ended December 31, 2016 the Company had announced the closing of our Northeast Philadelphia, Pennsylvania; Center City, Pennsylvania; and West Palm Beach, Florida facilities. These schools are expected to be fully taught out on August 31, 2017, August 31, 2017, and September 30, 2017 respectively. In the first quarter of 2016, we had completed the teach-out of our Fern Park, Florida campus.
 
We evaluate 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
 
  
2016
  
% of
Total
  
2015
  
% of
Total
  
2014
  
% of
Total
  
2016
  
2015
  
2014
 
Transportation and Skilled Trades
 
$
177,882
   
90.3
%
 
$
183,821
   
88.3
%
 
$
188,669
   
86.5
%
 
$
21,278
  
$
26,778
  
$
19,519
 
Transitional
  
19,028
   
9.7
%
  
24,435
   
11.7
%
  
29,371
   
13.5
%
  
(6,334
)
  
(1,689
)
  
(19,814
)
Corporate
  
-
   
0.0
%
  
-
   
0.0
%
  
-
   
0.0
%
  
(20,107
)
  
(19,140
)
  
(23,364
)
Total
 
$
196,910
   
100
%
 
$
208,256
   
100
%
 
$
218,040
   
100
%
 
$
(5,163
)
 
$
5,949
  
$
(23,659
)

  
Total Assets
 
  
December 31, 2016
  
December 31, 2015
 
Transportation and Skilled Trades
 
$
83,320
  
$
90,045
 
Transitional
  
1,594
   
4,492
 
Corporate
  
53,507
   
68,844
 
Discontinued Operations
  
24,786
   
44,369
 
Total
 
$
163,207
  
$
207,750