|
Note 12— Segment Information
We manage our business in three operating segments based on geographic areas 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 |
|
2014 |
|
|
2013 |
|
| U.S. |
|
|
73.1 |
% |
|
|
74.4 |
% |
| Canada |
|
|
6.3 |
|
|
|
8.8 |
|
| U.K. and other foreign markets |
|
|
20.6 |
|
|
|
16.8 |
|
| Total consolidated revenue |
|
|
100.0 |
% |
|
|
100.0 |
% |
Operating results for the segments are as follows:
| (In thousands) |
|
Years ended
December 31, |
|
| Segment revenue |
|
2014 |
|
|
2013 |
|
| United States |
|
$ |
70,502 |
|
|
$ |
63,294 |
|
| Canada |
|
|
6,072 |
|
|
|
7,481 |
|
| U.K. and other foreign markets |
|
|
19,934 |
|
|
|
14,343 |
|
| Total consolidated revenue |
|
$ |
96,508 |
|
|
$ |
85,118 |
|
| |
|
|
|
|
|
|
|
|
| Segment gross profit contribution * |
|
|
|
|
|
|
|
|
| United States |
|
|
20,007 |
|
|
|
13,482 |
|
| Canada |
|
|
814 |
|
|
|
140 |
|
| U.K. and other foreign markets |
|
|
1,929 |
|
|
|
2,604 |
|
| Total consolidated gross profit |
|
$ |
22,750 |
|
|
$ |
16,226 |
|
| |
|
|
|
|
|
|
|
|
| * Segment gross profit is calculated as revenue less direct course expenses, advertising and sales expenses and royalty expense. |
| |
|
|
|
|
|
|
|
|
| Depreciation and amortization expenses |
|
|
|
|
|
|
|
|
| United States |
|
$ |
190 |
|
|
$ |
264 |
|
| Canada |
|
|
3 |
|
|
|
1 |
|
| U.K. and other foreign markets |
|
|
23 |
|
|
|
11 |
|
| Total consolidated depreciation and amortization expenses |
|
$ |
216 |
|
|
$ |
276 |
|
| (In thousands) |
|
Years ended
December 31, |
|
| Segment identifiable assets |
|
2014 |
|
|
2013 |
|
| United States |
|
$ |
10,999 |
|
|
$ |
20,891 |
|
| Canada |
|
|
1,334 |
|
|
|
2,344 |
|
| U.K. and other foreign markets |
|
|
5,394 |
|
|
|
3,225 |
|
| Total consolidated identifiable assets |
|
$ |
17,727 |
|
|
$ |
26,660 |
|
For the years ended December 31, 2014 and 2013, our long-lived assets in the U.S. were approximately $1.3 million in each year. For the years ended December 31, 2014 and 2013, our international long-lived assets were less than $0.1 million in each period.
|