Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.7.0.1
Segment Information
12 Months Ended
Dec. 31, 2016
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   2016     2015  
  U.S.     61.4 %     66.8 %
  Canada     3.8 %     6.4 %
  U.K.     19.9 %     19.9 %
  Other foreign markets     14.9 %     6.9 %
  Total consolidated revenue     100 %     100 %

 

Operating results for the segments are as follows:

 

      Years Ended December 31,  
      2016     2015  
  Segment revenue   (In thousands)  
  United States   $ 54,746     $ 58,258  
  Canada     3,396       5,600  
  U.K.     17,747       17,306  
  Other foreign markets     13,307       5,997  
  Total consolidated revenue   $ 89,196     $ 87,161  

 

      Years Ended December 31,  
      2016     2015  
  Segment gross profit contribution *   (In thousands)  
  United States   $ 12,959     $ 14,210  
  Canada     (40 )     1,079  
  U.K.     2,942       1,763  
  Other foreign markets     1,667       (3,831 )
  Total consolidated gross profit   $ 17,528     $ 13,221  

 

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

  

      Years Ended December 31,  
      2016     2015  
  Depreciation and amortization expenses   (In thousands)  
  United States   $ 122     $ 154  
  Canada     4       5  
  U.K.     20       26  
  Other foreign markets            
  Total consolidated depreciation and amortization expenses   $ 146     $ 185  

 

      December 31,     December 31,  
      2016     2015  
  Segment identifiable assets   (In thousands)  
  United States   $ 12,331     $ 13,537  
  Canada     730       846  
  U.K.     3,508       4,672  
  Other foreign markets     3,795       2,070  
  Total consolidated identifiable assets   $ 20,364     $ 21,125  

 

For both the years ended December 31, 2016 and 2015, our long-lived assets in the U.S. were approximately $1.2 million in each period. For both the years ended December 31, 2016 and 2015, our international long-lived assets were less than $0.1 million in each period.