ASSETS AND LIABILITIES OF BUSINESS HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Jun. 30, 2013

Assets and Liabilities of Business Held for Sale

The following is a summary of balance sheet information of “held for sale” assets and liabilities at June 30, 2013 and 2012 (dollars in thousands).

	June 30,
	2013		2012
ASSETS:
Current Assets:
Cash and Cash Equivalents	$	568	$	92
Accounts Receivable, Net		12,050		20,865
Deferred Income Taxes, Net		2,757		-
Prepaid Expenses and Other		844		4,051
Total Current Assets		16,219		25,008
Property, Plant and Equipment		-		5,926
Other Assets:
Deferred Income Taxes, Net		2,602		608
Other Assets		3,185		-
Total Other Assets		5,787		608
Total Assets of Business Held for Sale	$	22,006	$	31,542
LIABILITIES:
Current Liabilities:
Accounts Payable	$	178	$	1,263
Accrued Salaries, Wages and Benefits		482		26
Accrued Expenses		47		34
Deferred Tuition Revenue		6		50
Total Current Liabilities		713		1,373
Deferred Rent and Other		112		-
Liabilities of Business Held for Sale	$	825	$	1,373

Operating Results of the Discontinued Operations

The following is a summary of operating results of the discontinued operations for the years ended June 30, 2013, 2012 and 2011 (dollars in thousands).

	For the Year Ended June 30,
	2013		2012		2011
DISCONTINUED OPERATIONS:
Loss from Operations of Held for Sale Component	$	(20,767)	$	(15,326)	$	(7,330)
Asset Impairment Charge		(4,816)		(19,361)		-
Restructuring Expense		(273)		-		-
Income Tax Benefit		8,954		7,146		2,940
Loss from Discontinued Operations, Net of Income Taxes	$	(16,902)	$	(27,541)	$	(4,390)