Segment Reporting (Tables)

3 Months Ended

Nov. 30, 2011

Segment Reporting (Tables) [Abstract]

Segment reporting revenue

A summary of financial information by reportable segment is as follows:

	Three Months Ended November 30,
($ in thousands)	2011		2010
Net revenue
University of Phoenix	$	1,057,069	$	1,197,791
Apollo Global:
BPP	80,081		79,738
Other	22,676		23,488
Total Apollo Global	102,757		103,226
Other Schools	18,864		25,269
Corporate	—		149
Net revenue	$	1,178,690	$	1,326,435

Segment reporting operating income (loss)

Operating income (loss):
University of Phoenix(1)	$	292,038		$	407,434
Apollo Global:
BPP	11,172			16,572
Other(2)	(23,308		)	(7,789		)
Total Apollo Global	(12,136		)	8,783
Other Schools	716			4,263
Corporate	(16,133		)	(13,364		)
Total operating income	264,485			407,116
Reconciling items:
Interest income	589			983
Interest expense	(1,999		)	(2,170		)
Other, net	141			(54		)
Income from continuing operations before income taxes	$	263,216		$	405,875

⁽¹⁾ University of Phoenix’s operating income for the three months ended November 30, 2011 includes $5.6 million in restructuring and other charges associated with our real estate rationalization plan. Operating income for the three months ended November 30, 2010 includes $3.8 million of charges associated with a strategic reduction in force. Refer to Note 4, Restructuring and Other Charges.

⁽²⁾ Apollo Global - Other’s operating loss for the three months ended November 30, 2011 includes $16.8 million of goodwill and other intangibles impairment charges. Refer to Note 7, Goodwill and Intangible Assets.

Segment reporting assets

A summary of our consolidated assets by reportable segment is as follows:

	November 30, 2011		August 31, 2011
($ in thousands)
Assets
University of Phoenix	$	1,128,141	$	1,016,005
Apollo Global:
BPP	319,268		303,107
Other	102,052		146,490
Total Apollo Global	421,320		449,597
Other Schools	19,865		24,073
Corporate	1,384,325		1,780,031
Total assets	$	2,953,651	$	3,269,706