Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.3.1.900
Segment Information
 12 Months Ended
Dec. 31, 2015
Segment Information [Abstract]  
Segment Information

Note 14— Segment Information

 

We manage our business in four operating segments based on geographic location for which operating managers are responsible to the Chief Operations Officer. As such, operating results, as reported below, are reviewed regularly by our Chief Operating Officer, or Chief Operating Decision Maker (“CODM”) and other members of the executive team.

 

The proportion of our total revenue attributable to each segment is as follows:

 

      Years ended December 31,  
  As a percentage of total revenue   2015     2014  
  U.S.     66.8 %     73.1 %
  Canada     6.4 %     6.3 %
  U.K.     19.9 %     17.0 %
  Other foreign markets     6.9 %     3.6 %
  Total consolidated revenue     100 %     100 %

 

Operating results for the segments are as follows:

 

      Years ended  
      December 31,  
      2015     2014  
  Segment revenue   (In thousands)  
  United States   $ 58,258     $ 70,502  
  Canada     5,600       6,072  
  U.K.     17,306       16,377  
  Other foreign markets     5,997       3,557  
  Total consolidated revenue   $ 87,161     $ 96,508  

 

      Years ended  
      December 31,  
      2015     2014  
  Segment gross profit contribution *   (In thousands)  
  United States   $ 14,210     $ 20,765  
  Canada     1,079       814  
  U.K.     1,763       2,191  
  Other foreign markets     (3,831 )     (262 )
  Total consolidated gross profit   $ 13,221     $ 23,508  

 

* Segment gross profit is calculated as revenue less direct course expenses, advertising and sales expenses and royalty expense.

  

      Years ended  
      December 31,  
      2015     2014  
  Depreciation and amortization expenses   (In thousands)  
  United States   $ 154     $ 190  
  Canada     5       3  
  U.K.     26       23  
  Other foreign markets     —       —  
  Total consolidated depreciation and amortization expenses   $ 185     $ 216  

 

      As of December 31,  
      2015     2014  
  Segment identifiable assets   (In thousands)  
  United States   $ 13,537     $ 10,999  
  Canada     846       1,334  
  U.K.     4,672       4,524  
  Other foreign markets     2,070       870  
  Total consolidated identifiable assets   $ 21,125     $ 17,727  

 

For the years ended December 31, 2015 and 2014, our long-lived assets in the U.S. were approximately $1.2 million and $1.3 million, respectively. For the years ended December 31, 2015 and 2014, our international long-lived assets were less than $0.1 million in each period.