Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.1.9
Segment Information
3 Months Ended
Mar. 31, 2015
Segment Information [Abstract]  
Segment Information

Note 8 — Segment Information

 

We manage our business in three segments based on geographic location for which operating managers are responsible to the Chief Operations Officer. In accordance with the provisions of ASC 280, “Segment Reporting ,” our chief operating decision-maker has been identified as our Chief Operating Officer, who reviews our operating results along with other members of our executive team of these four segments in order to make decisions about allocating resources and assessing performance for the entire company.

 

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

 

 
    Three months ended
March 31,
 
    2015     2014  
    (In thousands)  
As a percentage of total revenue            
United States     71.0 %     75.3 %
Canada     6.7       6.5  
U.K.     18.8       16.7  
Other foreign markets     3.5       1.5  
Total consolidated revenue     100.0 %   100.0 %

 

Operating results for the segments are as follows:

 

    Three months ended
March 31,
 
    2015     2014  
    (In thousands)  
Segment revenue            
United States   $ 15,434     $ 20,046  
Canada     1,468       1,740  
U.K.     4,075       4,455  
Other foreign markets     766       398  
Total consolidated revenue   $ 21,743     $ 26,639  

 

    Three months ended
March 31,
 
    2015     2014  
    (In thousands)  
Segment gross profit contribution *            
United States   $ 4,582     $

6,645

 
Canada     289       (34 )
U.K.     284       417  
Other foreign markets     (1,304 )     152  
Total consolidated gross profit   $ 3,851     $ 7,180  

 

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

 

    Three months ended
March 31,
 
    2015     2014  
    (In thousands)  
Depreciation and amortization expenses            
United States   $ 44     $ 26  
Canada     1        
U.K.     6       6  
Other foreign markets            
Total consolidated depreciation and amortization expenses   $ 51     $ 32  

  

    March 31, 2015     December 31, 2014  
    (In thousands)  
Segment identifiable assets            
United States   $ 12,232     $ 10,999  
Canada     1,232       1,334  
U.K.     4,187       4,518  
Other foreign markets     1,871       876  
Total consolidated identifiable assets   $ 19,522     $ 17,727