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Segment Reporting (Tables)
 9 Months Ended
May 31, 2016
Segment Reporting [Abstract]  
Segment reporting information
A summary of financial information by reportable segment is as follows:
 
Three Months Ended
May 31,
 
Nine Months Ended
May 31,
($ in thousands)
2016
 
2015
 
2016
 
2015
Net revenue:
 

 
 

 
 

 
 
University of Phoenix
$
424,479

 
$
560,692

 
$
1,252,052

 
$
1,641,314

Apollo Global
125,007

 
109,622

 
334,135

 
305,862

Other
8,516

 
6,044

 
23,184

 
18,810

Net revenue
$
558,002

 
$
676,358

 
$
1,609,371

 
$
1,965,986

Operating income (loss)(1):
 
 
 
 
 

 
 
University of Phoenix
$
59,681

 
$
103,395

 
$
33,099

 
$
216,776

Apollo Global(2)
(459
)
 
5,465

 
(29,677
)
 
(26,918
)
Other(3)
(27,223
)
 
(15,576
)
 
(97,488
)
 
(69,879
)
Operating income (loss)
31,999

 
93,284

 
(94,066
)
 
119,979

Reconciling items:
 
 
 
 
 
 
 
Interest income
1,041

 
762

 
2,883

 
2,091

Interest expense
(1,569
)
 
(1,715
)
 
(4,997
)
 
(5,116
)
Other loss, net
(273
)
 
(2,038
)
 
(2,229
)
 
(4,480
)
Income (loss) from continuing operations before income taxes
$
31,198

 
$
90,293

 
$
(98,409
)
 
$
112,474


(1) University of Phoenix, Apollo Global and Other include restructuring and impairment charges during the periods, which includes a $71.8 million goodwill impairment charge during the first quarter of fiscal year 2016 for our University of Phoenix reporting unit. Refer to Note 2, Restructuring and Impairment Charges, and Note 7, Goodwill and Intangibles.
(2) During the three and nine months ended May 31, 2016, Apollo Global had $0.6 million and $3.8 million of expense included in Merger, acquisition and other related costs (credit), net, respectively. During the three and nine months ended May 31, 2015, Apollo Global had a net credit of $1.0 million and $1.7 million of net expense, respectively.
(3) During the three and nine months ended May 31, 2016, Other had $7.7 million and $21.4 million of expense included in Merger, acquisition and other related costs (credit), net, respectively, and $0.5 million and $2.8 million during the three and nine months ended May 31, 2015, respectively.
Our consolidated assets by reportable segment consist of the following as of the respective period ends:
($ in thousands)
May 31,
2016
 
August 31,
2015
University of Phoenix
$
596,440

 
$
648,755

Apollo Global
714,248

 
588,434

Other(1)
726,938

 
963,875

Total assets
$
2,037,626

 
$
2,201,064

(1) The majority of the assets included in Other consists of cash and cash equivalents and marketable securities.