Changes in Presentation

3 Months Ended

Nov. 30, 2011

Notes to Condensed Consolidated Financial Statements [Abstract]

During fiscal year 2011, we changed our presentation of changes in restricted cash and cash equivalents related to financial aid program funds to cash flows from operating activities on our Condensed Consolidated Statements of Cash Flows from Continuing and Discontinued Operations. We previously presented such changes as cash flows from investing activities. Our restricted cash and cash equivalents primarily represents funds held for students for unbilled educational services that were received from Title IV financial aid program funds. When we receive such funds, they are recorded as restricted cash on our Condensed Consolidated Balance Sheets with an offsetting liability recorded as student deposits. These restricted funds are a core activity of our operations and, accordingly, we believe presentation of changes in such funds as an operating activity more appropriately reflects the nature of the restricted cash. Additionally, we believe that including both changes in the restricted cash asset and the student deposit liability within operating activities provides better transparency. We have changed our presentation on our Condensed Consolidated Statements of Cash Flows from Continuing and Discontinued Operations for all periods presented. The changes have no other impact on our financial position and results of operations.

The following table presents our cash flows as previously reported and as changed for the three months ended November 30, 2010:



($ in thousands)	As Reported			As Changed
Cash flows provided by (used in) operating activities:
Restricted cash and cash equivalents	$	—		$	(28,275	)
Net cash provided by operating activities	$	413,951		$	385,676
Cash flows provided by (used in) investing activities:
Restricted cash and cash equivalents	$	(28,275	)	$	—
Net cash used in investing activities	$	(78,915	)	$	(50,640	)