Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.5.0.2
Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Information [Abstract]  
Segment Information

Note 9 - 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:

 

    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
As a percentage of total revenue   2016     2015     2016     2015  
U.S.     62.8 %     64.9 %     63.1 %     67.9 %
Canada     3.7 %     8.3 %     4.4 %     7.6 %
U.K.     19.1 %     19.4 %     20.6 %     19.0 %
Other foreign markets     14.4 %     7.4 %     11.9 %     5.5 %
Total consolidated revenue     100 %     100 %     100 %     100 %

 

Operating results for the segments are as follows:

 

    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
    2016     2015     2016     2015  
Segment revenue   (In thousands)     (In thousands)  
United States   $ 14,683     $ 14,687     $ 29,107     $ 30,121  
Canada     861       1,890       2,016       3,358  
U.K.     4,464       4,381       9,513       8,456  
Other foreign markets     3,367       1,678       5,477       2,444  
Total consolidated revenue   $ 23,375     $ 22,636     $ 46,113     $ 44,379  

 

    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
    2016     2015     2016     2015  
Segment gross profit contribution *   (In thousands)     (In thousands)  
United States   $ 3,419     $ 2,975     $ 7,125     $ 7,557  
Canada     (156 )     635       39     924  
U.K.     534       402       2,013       686  
Other foreign markets     602       (869 )     66       (2,173 )
Total consolidated gross profit   $ 4,399     $ 3,143     $ 9,243     $ 6,994  

 

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

  

    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
    2016     2015     2016     2015  
Depreciation and amortization expenses   (In thousands)     (In thousands)  
United States   $ 33     $ 39     $ 66     $ 82  
Canada     1       1       2       2  
U.K.     5       6       10       13  
Other foreign markets     —       —       —       —  
Total consolidated depreciation and amortization expenses   $ 39     $ 46     $ 78     $ 97  

 

    June 30,     December 31,  
    2016     2015  
Segment identifiable assets   (In thousands)  
United States   $ 11,765     $ 13,537  
Canada     1,057       846  
U.K.     4,822       4,672  
Other foreign markets     4,289       2,070  
Total consolidated identifiable assets   $ 21,933     $ 21,125