Lincoln Educational Services (LINC) 10-Q 11 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	6-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	LINCOLN EDUCATIONAL SERVICES CORP
Entity Central Index Key	1286613
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		24,076,823
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
CURRENT ASSETS:
Cash and cash equivalents	$5,180	$12,299
Restricted cash	0	30,000
Accounts receivable, less allowance of $11,684 and $12,193 at March 31, 2015 and December 31, 2014, respectively	15,725	13,533
Inventories	1,593	1,486
Prepaid income taxes and income taxes receivable	827	879
Assets held for sale	51,696	50,930
Prepaid expenses and other current assets	4,386	3,937
Total current assets	79,407	113,064
PROPERTY, EQUIPMENT AND FACILITIES - At cost, net of accumulated depreciation and amortization of $156,967 and $136,910 at March 31, 2015 and December 31, 2014, respectively	66,806	69,740
OTHER ASSETS:
Noncurrent receivables, less allowance of $987 and $1,016 at March 31, 2015 and December 31, 2014, respectively	5,857	6,235
Deferred finance charges	140	158
Goodwill	22,207	22,207
Other assets, net	2,479	2,303
Total other assets	30,683	30,903
TOTAL	176,896	213,707
CURRENT LIABILITIES:
Current portion of credit agreement	0	30,000
Current portion of capital lease obligations	480	471
Unearned tuition	26,779	26,469
Accounts payable	11,538	11,894
Accrued expenses	13,849	13,865
Other short-term liabilities	675	780
Total current liabilities	53,321	83,479
NONCURRENT LIABILITIES:
Long-term capital lease obligations	24,914	25,038
Long-term finance obligation	9,672	9,672
Pension plan liabilities	5,130	5,299
Accrued rent	6,822	6,852
Other long-term liabilities	368	357
Total liabilities	100,227	130,697
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, no par value - 10,000,000 shares authorized, no shares issued and outstanding at March 31, 2015 and December 31, 2014	0	0
Common stock, no par value - authorized: 100,000,000 shares at March 31, 2015 and December 31, 2014; issued and outstanding: 29,755,446 shares at March 31, 2015 and 29,933,086 shares at December 31, 2014	141,377	141,377
Additional paid-in capital	26,661	26,350
Treasury stock at cost - 5,910,541 shares at March 31, 2015 and December 31, 2014	-82,860	-82,860
(Accumulated deficit) retained earnings	-1,273	5,610
Accumulated other comprehensive loss	-7,236	-7,467
Total stockholders' equity	76,669	83,010
TOTAL	$176,896	$213,707

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
ASSETS
Accounts receivable, allowance	$11,684	$12,193
PROPERTY, EQUIPMENT AND FACILITIES - accumulated depreciation and amortization	156,967	136,910
OTHER ASSETS :
Noncurrent receivables, allowance	$987	$1,016
LIABILITIES AND STOCKHOLDERS' EQUITY
Preferred stock, par value (in dollars per share)	$0	$0
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$0	$0
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	29,755,446	29,933,086
Common stock, shares outstanding (in shares)	29,755,446	29,933,086
Treasury stock, shares (in shares)	5,910,541	5,910,541

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]
REVENUE	$76,720	$79,202
COSTS AND EXPENSES:
Educational services and facilities	38,196	41,751
Selling, general and administrative	44,009	46,118
Gain on sale of assets	-47	-55
Total costs & expenses	82,158	87,814
OPERATING LOSS	-5,438	-8,612
OTHER:
Interest income	9	56
Interest expense	-1,627	-1,316
Other income	223	0
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	-6,833	-9,872
PROVISION FOR INCOME TAXES	50	419
LOSS FROM CONTINUING OPERATIONS	-6,883	-10,291
LOSS FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES	0	-803
NET LOSS	($6,883)	($11,094)
Basic
Loss per share from continuing operations (in dollars per share)	($0.30)	($0.45)
Loss per share from discontinued operations (in dollars per share)	$0	($0.04)
Net loss per share (in dollars per share)	($0.30)	($0.49)
Diluted
Loss per share from continuing operations (in dollars per share)	($0.30)	($0.45)
Loss per share from discontinued operations (in dollars per share)	$0	($0.04)
Net loss per share (in dollars per share)	($0.30)	($0.49)
Weighted average number of common shares outstanding:
Basic (in shares)	23,055,803	22,722,721
Diluted (in shares)	23,055,803	22,722,721

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) [Abstract]
Net loss	($6,883)	($11,094)
Other comprehensive income
Employee pension plan adjustments, net of taxes	231	112
Comprehensive loss	($6,652)	($10,982)

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings (Accumulated Deficit) [Member]	Accumulated Other Comprehensive Loss [Member]	Total
In Thousands, except Share data, unless otherwise specified
BALANCE at Dec. 31, 2014	$141,377	$26,350	($82,860)	$5,610	($7,467)	$83,010
BALANCE (in shares) at Dec. 31, 2014	29,933,086					29,933,086
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	0	0	0	-6,883	0	-6,883
Employee pension plan adjustments, net of taxes	0	0	0	0	231	231
Stock-based compensation expense
Restricted stock	0	299	0	0	0	299
Restricted stock (in shares)	-168,432
Stock options	0	33	0	0	0	33
Net share settlement for equity-based compensation	0	-21	0	0	0	-21
Net share settlement for equity-based compensation (in shares)	-9,208
BALANCE at Mar. 31, 2015	$141,377	$26,661	($82,860)	($1,273)	($7,236)	$76,669
BALANCE (in shares) at Mar. 31, 2015	29,755,446					29,755,446

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($6,883)	($11,094)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	3,667	5,064
Amortization of deferred finance charges	204	210
Deferred income taxes	0	381
Gain on disposition of assets	-47	-55
Fixed asset donation	-9	-39
Provision for doubtful accounts	3,278	3,118
Stock-based compensation expense	332	997
Deferred rent	-187	-137
(Increase) decrease in assets:
Accounts receivable	-5,861	-4,291
Inventories	-168	149
Prepaid income taxes and income taxes receivable	52	482
Prepaid expenses and current assets	-464	-264
Other assets and charges	-418	95
Increase (decrease) in liabilities:
Accounts payable	-302	-5,082
Accrued expenses	-50	1,213
Pension plan liabilities	0	112
Unearned tuition	583	813
Other liabilities	-32	-52
Total adjustments	578	2,714
Net cash used in operating activities	-6,305	-8,380
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	-759	-637
Proceeds from sale of property and equipment	80	61
Net cash used in investing activities	-679	-576
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on borrowings	-32,500	-54,500
Reclassifications of payments of borrowings from restricted cash	30,000	54,500
Proceeds from borrowings	2,500	5,000
Net share settlement for equity-based compensation	-21	-65
Dividends paid	0	-1,672
Principal payments under capital lease obligations	-114	-107
Net cash (used in) provided by financing activities	-135	3,156
NET DECREASE IN CASH AND CASH EQUIVALENTS	-7,119	-5,800
CASH AND CASH EQUIVALENTS-Beginning of period	12,299	12,886
CASH AND CASH EQUIVALENTS-End of period	5,180	7,086
Cash paid during the year for:
Interest	1,483	1,083
Income taxes	0	1
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Liabilities accrued for or noncash purchases of fixed assets	$48	$855

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Business Activities – Lincoln Educational Services Corporation and its subsidiaries (collectively, the “Company”) is a provider of diversified career-oriented post-secondary education. The Company reorganized its operations in the first quarter of 2015 into three reportable segments:  a) Transportation and Skilled Trades, b) Healthcare and Other Professions, and c) Transitional.  The Company offers recent high school graduates and working adults career-oriented programs in these segments.  The Company currently has 31 campuses in 15 states across the United States.
	Liquidity—For the last several years, the Company and the proprietary school sector have faced deteriorating earnings. Government regulations have negatively impacted earnings by making it more difficult for potential students to obtain loans, which, when coupled with the overall economic environment, have hindered potential students from enrolling in its post-secondary schools. In light of these factors, the Company has incurred significant operating losses as a result of lower student population. The Company also recorded a pre-tax goodwill impairment charge of $39.0 million for the year ended December 31, 2014 as a result of a significant decline in market capitalization. Despite these events, the Company believes that its likely sources of cash should be sufficient to fund operations for the next twelve months. The Company’s available sources of cash primarily include cash from operations, cash and cash equivalents on hand of $5.2 million at March 31, 2015 and the ability to draw up to $20 million (less letters of credit) under its revolving line of credit that was extended through April 5, 2016. To fund the Company’s business plans, including any anticipated future losses, purchase commitments, capital expenditures, principal and interest payments on borrowings and to satisfy the Department of Education (the “DOE”) financial responsibility standards, the Company has the ability to leverage its owned real estate that is not classified as held for sale. The Company is also continuing to take actions to improve cash flow by aligning its cost structure to its student population.
	In addition to the current sources of capital discussed above that will provide short term liquidity, the Company plans to sell approximately $51.7 million in assets which are currently classified as held for sale and are expected to be sold within one year from the date of classification.  The Company also is currently exploring various other alternatives including debt financing vehicles and strategic partnerships. However, at this time the Company has no commitments to obtain any additional funds, and there can be no assurance such funds will be available on acceptable terms or at all.
	Basis of Presentation – The accompanying unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission and in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements.  Certain information and footnote disclosures normally included in annual financial statements have been omitted or condensed pursuant to such regulations.  These statements, which should be read in conjunction with the December 31, 2014 consolidated financial statements and related disclosures of the Company included in the Annual Report on Form 10-K filed with the SEC on March 16, 2015, reflect all adjustments, consisting of normal recurring adjustments and impairments necessary to present fairly the consolidated financial position, results of operations and cash flows for such periods.  The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2015.
	The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries.  All significant intercompany accounts and transactions have been eliminated.
	Use of Estimates in the Preparation of Financial Statements – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period.  On an ongoing basis, the Company evaluates the estimates and assumptions including those related to revenue recognition, bad debts, fixed assets, goodwill and other intangible assets, stock-based compensation, income taxes, benefit plans and certain accruals and contingencies.  Actual results could differ from those estimates.
	New Accounting Pronouncements – In May 2014, the Financial Accounting Standards Board (“FASB”) issued a new standard related to revenue recognition, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The new standard will replace most of the existing revenue recognition standards in GAAP when it becomes effective on January 1, 2017. Early adoption is not permitted. The new standard can be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of the change recognized at the date of the initial application. The Company is assessing the potential impact of the new standard on financial reporting and has not yet selected a transition method.
	In April 2014, FASB issued amended guidance on the use and presentation of discontinued operations in an entity's consolidated financial statements. The new guidance restricts the presentation of discontinued operations to business circumstances when the disposal of business operations represents a strategic shift that has or will have a major effect on an entity's operations and financial results. The guidance became effective on January 1, 2015. Adoption is on a prospective basis.  The Company adopted the new guidance as of December 31, 2014 and based on the guidance did not present the schools that are held for sale as discontinued operations in the consolidated financial statements.  As discussed in Note 4, the Company did include the five training sites from Florida in discontinued operations in the consolidated financial statements for the year ended December 31, 2014 as they qualify under the amended guidance.
	Stock-Based Compensation – The Company measures the value of stock options on the grant date at fair value, using the Black-Scholes option valuation model.  The Company amortizes the fair value of stock options, net of estimated forfeitures, utilizing straight-line amortization of compensation expense over the requisite service period of the grant.
	The Company measures the value of service and performance-based restricted stock on the fair value of a share of common stock on the date of the grant. The Company amortizes the fair value of service-based restricted stock utilizing straight-line amortization of compensation expense over the requisite service period of the grant.
	The Company amortizes the fair value of the performance-based restricted stock based on the determination of the probable outcome of the performance condition.  If the performance condition is expected to be met, then the Company amortizes the fair value of the number of shares expected to vest utilizing straight-line basis over the requisite performance period of the grant.  However, if the associated performance condition is not expected to be met, then the Company does not recognize the stock-based compensation expense.
	Income Taxes – The Company accounts for income taxes in accordance with FASB Accounting Standards Code (“ASC”) Topic 740, “Income Taxes” (“ASC 740”). This statement requires an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statement and tax bases of assets and liabilities existing at each balance sheet date using enacted tax rates for years in which taxes are expected to be paid or recovered.
	In accordance with ASC 740, the Company assesses its deferred tax asset to determine whether all or any portion of the asset is more likely than not unrealizable.  A valuation allowance is required to be established or maintained when, based on currently available information, it is more likely than not that all or a portion of a deferred tax asset will not be realized. In accordance with ASC 740, the Company’s assessment considers whether there has been sufficient income in recent years and whether sufficient income is expected in future years in order to utilize the deferred tax asset. In evaluating the realizability of deferred income tax assets, the Company considered, among other things, historical levels of income, expected future income, the expected timing of the reversals of existing temporary reporting differences, and the expected impact of tax planning strategies that may be implemented to prevent the potential loss of future income tax benefits. Significant judgment is required in determining the future tax consequences of events that have been recognized in the Company’s consolidated financial statements and/or tax returns.  Differences between anticipated and actual outcomes of these future tax consequences could have a material impact on the Company’s consolidated financial position or results of operations.  Changes in, among other things, income tax legislation, statutory income tax rates, or future income levels could materially impact the Company’s valuation of income tax assets and liabilities and could cause the Company’s income tax provision to vary significantly among financial reporting periods.
	The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense.  During the three months ended March 31, 2015 and 2014, the Company did not have any interest and penalties expense associated with uncertain tax positions.

WEIGHTED_AVERAGE_COMMON_SHARES

WEIGHTED AVERAGE COMMON SHARES	3 Months Ended
	Mar. 31, 2015
WEIGHTED AVERAGE COMMON SHARES [Abstract]
WEIGHTED AVERAGE COMMON SHARES	2	WEIGHTED AVERAGE COMMON SHARES
	The weighted average number of common shares used to compute basic and diluted loss per share for the three and nine months ended March 31, 2015 and 2014 was as follows:
			Three Months Ended
			March 31,
			2015		2014
	Basic shares outstanding			23,055,803		22,722,721
	Dilutive effect of stock options			-		-
	Diluted shares outstanding			23,055,803		22,722,721
	For the three months ended March 31, 2015 and 2014, options to acquire 96,968 and 177,392 shares, respectively, were excluded from the above table because the Company reported a net loss for each quarter and therefore their impact on reported loss per share would have been antidilutive.  For the three months ended March 31, 2015 and 2014, options to acquire 758,338 and 587,543 shares, respectively, were excluded from the above table because they have an exercise price that is greater than the average market price of the Company’s common stock and therefore their impact on reported loss per share would have been antidilutive.
	In 2011, 2013 and 2014, the Company issued performance shares that vest when certain performance conditions are satisfied.  As of March 31, 2015, these performance conditions were not met.  As a result, the Company has determined these shares to be contingently issuable.  Accordingly, 226,106 shares of outstanding performance shares have been excluded from the computation of diluted earnings per share for the three months ended March 31, 2015, and 386,063 shares have been excluded for the three months ended March 31, 2014.  Refer to Note 6 for more information on performance shares.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Mar. 31, 2015
DISCONTINUED OPERATIONS [Abstract]
DISCONTINUED OPERATIONS	3	DISCONTINUED OPERATIONS
	On December 3, 2014, the Company’s Board of Directors approved a plan to cease operations at five training sites in Florida.  The Company performed a cost benefit analysis on several schools and concluded that the training sites contained a high fixed cost component and had difficulty attracting enough students due to high competition to maintain a stable profit margin. Accordingly, the Company ceased operations at these campuses as of December 31, 2014.  This was a strategic shift to close all of the Company’s training sites and all locations that do not accept Title IV payments.  The results of operations of these campuses are reflected as discontinued operations in the condensed consolidated financial statements.
	The results of operations at these five training sites for the three months ended March 31, 2014 was as follows (in thousands):
			Three Months Ended
			March 31,
			2014
	Revenue		$	765
	Operating expenses			1,556
	Operating loss		$	(791	)

GOODWILL_AND_LONGLIVED_ASSETS

GOODWILL AND LONG-LIVED ASSETS	3 Months Ended
	Mar. 31, 2015
GOODWILL AND LONG-LIVED ASSETS [Abstract]
GOODWILL AND LONG-LIVED ASSETS	4	GOODWILL AND LONG-LIVED ASSETS
	The Company reviews long-lived assets for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable.  There was no long-lived asset impairment during the three months ended March 31, 2015 and 2014.
	The Company reviews goodwill and intangible assets for impairment when indicators of impairment exist.  Annually, or more frequently if necessary, the Company evaluates goodwill and intangible assets with indefinite lives for impairment, with any resulting impairment reflected as an operating expense.   The Company concluded that as of March 31, 2015 and 2014 there was no indicator of potential impairment and, accordingly, the Company did not test goodwill for impairment.
	The carrying amount of goodwill at March 31, 2015 is as follows:
			Gross		Accumulated			Net
			Goodwill		Impairment			Goodwill
			Balance		Losses			Balance
	Balance as of January 1, 2015		$	115,872	$	(93,665	)	$	22,207
	Adjustments			-		-			-
	Balance as of March 31, 2015		$	115,872	$	(93,665	)	$	22,207
	Intangible assets, which are included in other assets in the accompanying condensed consolidated balance sheets, consist of the following:
			Trade		Accreditation			Curriculum		Total
			Name
	Gross carrying amount at December 31, 2014		$	310	$	1,063		$	550	$	1,923
	Adjustments			-		-			-		-
	Gross carrying amount at March 31, 2015			310		1,063			550		1,923
	Accumulated amortization at December 31, 2014			264		-			469		733
	Amortization			11		-			6		17
	Accumulated amortization at March 31, 2015			275		-			475		750
	Net carrying amount at March 31, 2015		$	35	$	1,063		$	75	$	1,173
	Weighted average amortization period (years)			7	Indefinite				10
	Amortization of intangible assets was less than $0.1 million for each of the three months ended March 31, 2015 and 2014.
	The following table summarizes the estimated future amortization expense:
	Year Ending December 31,
	Remainder of 2015		$	48
	2016			21
	2017			20
	2018			20
	2019			1
	Thereafter			-
			$	110

LONGTERM_DEBT_AND_LEASE_OBLIGA

LONG-TERM DEBT AND LEASE OBLIGATIONS	3 Months Ended
	Mar. 31, 2015
LONG-TERM DEBT AND LEASE OBLIGATIONS [Abstract]
LONG-TERM DEBT AND LEASE OBLIGATIONS	5	LONG-TERM DEBT AND LEASE OBLIGATIONS
	Long-term debt and lease obligations consist of the following:
			March 31,			December 31,
			2015			2014
	Credit agreement (a)		$	-		$	30,000
	Finance obligation (b)			9,672			9,672
	Capital lease-property (rate of 8.0%) (c)			25,394			25,509
				35,066			65,181
	Less current maturities			(480	)		(30,471	)
			$	34,586		$	34,710
	(a) On April 5, 2012, the Company, as borrower, and certain of its wholly-owned subsidiaries, as guarantors, entered into a secured revolving credit agreement with a syndicate of four lenders led by Bank of America, N.A., as administrative agent and letter of credit issuer (the “Credit Facility”).  The April 5, 2012 agreement, along with subsequent amendments dated June 18, 2013, December 20, 2013, December 29, 2014 and March 4, 2015, are collectively referred to as the “Credit Agreement.”
	As of December 31, 2013, the aggregate principal amount available under the Credit Facility was $60 million.  Effective January 16, 2014, this amount was reduced to $40 million.  Effective January 15, 2015, this amount was further reduced to $20 million.  The revolving commitments available for use other than for the issuance of letters of credit under the Credit Facility have been reduced to $12 million.  During the period commencing on December 1, 2015 running through January 15, 2016, the Company is required to reduce the outstanding revolving loans, other than letters of credit obligations, to $0.  The Credit Facility may be used to finance capital expenditures and permitted acquisitions, to pay transaction expenses, for the issuance of letters of credit and for general corporate purposes.  The Credit Agreement includes a $25 million letter of credit sublimit which was reduced to $20 million effective January 15, 2015.  Borrowings under the Credit Facility are secured by a first priority lien on substantially all of the tangible and intangible assets of the Company including real estate.  All net proceeds of future sales of real property by the Company and its subsidiaries must be used to prepay revolving loans and permanently reduce the principal amount of revolving loans available under the Credit Facility.  The term of the Credit Facility was 36 months, maturing on April 5, 2015 but has been extended for an additional 12 months with a new expiration date of April 5, 2016.
	Amounts borrowed under the Credit Facility continue to bear interest, at the Company’s option, at either (i) an interest rate based on LIBOR (or the rate of 1.00%, if greater) and adjusted for any reserve percentage obligations under Federal Reserve Bank regulations (the “Eurodollar Rate”) for specified interest periods or (ii) the Base Rate (as defined under the Credit Facility), in each case, plus an applicable margin rate as determined under the Credit Agreement.  The “Base Rate”, as defined under the Credit Facility, is the highest of (a) the rate of interest announced from time to time by Bank of America, N.A. as its prime rate, (b) the Federal Funds rate plus 0.5% and (c) a daily rate equal to the one-month LIBOR rate plus 1.0%.  The Fourth Amendment re-sets the margin interest rate for (a) Base Rate loans as (i) 11.0% from March 4, 2015 through April 15, 2015, (ii) 14.0% from April 16, 2015 through May 31, 2015 and (iii) 17.0% from June 1, 2015 and thereafter and (b) Eurodollar Rate loans as (i) 12.0% from March 4, 2015 through April 15, 2015, (ii) 15.0% from April 16, 2015 through May 31, 2015 and (iii) 18.0% from June 1, 2015 and thereafter.  The Company is required to pay on a quarterly basis a commitment fee equal to the amount of the then unused availability under the Credit Facility multiplied by (i) 5.0%, from March 4, 2015 through April 15, 2015, (ii) 6.0%, from April 16, 2015 through May 31, 2015 and (iii) 7.0% from June 1, 2015 and thereafter.  Letters of credit will require a fee equal to the applicable margin rate multiplied by the daily amount available to be drawn under each issued letter of credit plus an agreed upon fronting fee and customary issuance, presentation, amendment and other processing fees associated with letters of credit.
	The Company paid an amendment fee of $0.2 million and is required to pay additional amendment fees in the following amounts and on the following dates: (i) 0.5% of the revolving commitments outstanding on April 16, 2015; (ii) 0.5% of the revolving commitments outstanding on June 1, 2015; (iii) 1.0% of the revolving commitments outstanding on September 30, 2015; and (iv) 1.0% of the revolving commitments outstanding on December 31, 2015; provided, however, that no additional amendment fee will be due and owing on any such date in the event that the Credit Facility has been terminated, and all amounts due and owing under the Credit Facility are repaid in full, on or prior to such date.
	At March 31, 2015, the Company had outstanding letters of credit aggregating $7.1 million, which were primarily comprised of letters of credit for the DOE matters and real estate leases.
	The Credit Agreement contains customary representations, warranties and covenants including consolidated adjusted net worth, consolidated leverage ratio, consolidated fixed charge coverage ratio, minimum financial responsibility composite score, cohort default rate and other financial covenants, certain restrictions on capital expenditures as well as affirmative and negative covenants and events of default customary for facilities of this type.  In addition, the Company is paying fees to the lenders that are customary for facilities of this type.  As of March 31, 2015, the Company is in compliance with all financial covenants.
	During the three months ended March 31, 2015, the Company had net repayments of $30.0 million under the Credit Facility.  The Company had no amounts outstanding under the Credit Facility as of March 31, 2015.  The interest rates on borrowings ranged from 7.25% to 14.25%.  The Company had $30.0 million outstanding under the Credit Agreement as of December 31, 2014 which was repaid on January 3, 2015.  The interest rate on this borrowing was 7.25%.
	(b) The Company completed a sale and a leaseback of several facilities on December 28, 2001. The Company retains a continuing involvement in the lease and, as a result, it is prohibited from utilizing sale-leaseback accounting. Accordingly, the Company has treated this transaction as a finance lease. The lease expires on December 31, 2016.
	(c) In 2009, the Company assumed real estate capital leases in Fern Park, Florida and Hartford, Connecticut.  These leases bear interest at 8% and expire in 2032 and 2031, respectively.
	Scheduled maturities of long-term debt and lease obligations at March 31, 2015 are as follows:
	Year ending December 31,
	2015		$	480
	2016			10,302
	2017			763
	2018			826
	2019			895
	Thereafter			21,800
			$	35,066

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2015
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	6	STOCKHOLDERS’ EQUITY
	Restricted Stock
	The Company has two stock incentive plans:  a Long-Term Incentive Plan (the “LTIP”) and a Non-Employee Directors Restricted Stock Plan (the “Non-Employee Directors Plan”).
	Under the LTIP, certain employees received awards of restricted shares of common stock based on service and performance.  The number of shares granted to each employee is based on the fair market value of a share of common stock on the date of grant.
	On June 2, 2014 and December 18, 2014, performance-based shares were granted which vest over three years based upon the attainment of (i) a specified operating income margin during any one or more of the fiscal years in the period beginning January 1, 2015 and ending December 31, 2017 and (ii) the attainment of earnings before interest, taxes, depreciation and amortization targets during each of the fiscal years ended December 31, 2015 through 2017.  There is no vesting period on the right to vote or the right to receive dividends on any of the restricted shares.
	On April 29, 2013, performance-based shares were granted which vest over four years based upon the attainment of (i) a specified operating income margin during any one or more of the fiscal years in the period beginning January 1, 2013 and ending December 31, 2016 and (ii) the attainment of earnings before interest, taxes, depreciation and amortization targets during each of the fiscal years ended December 31, 2013 through 2016.  There is no vesting period on the right to vote or the right to receive dividends on any of the restricted shares.
	Pursuant to the Non-Employee Directors Plan, each non-employee director of the Company receives an annual award of restricted shares of common stock on the date of the Company’s annual meeting of shareholders.  The number of shares granted to each non-employee director is based on the fair market value of a share of common stock on that date.  The restricted shares vest on the first anniversary of the grant date; however, there is no vesting period on the right to vote or the right to receive dividends on these restricted shares.
	For the three months ended March 31, 2015 and 2014, the Company completed a net share settlement for 9,208 and 15,209 restricted shares, respectively, on behalf of certain employees that participate in the LTIP upon the vesting of the restricted shares pursuant to the terms of the LTIP.  The net share settlement was in connection with income taxes incurred on restricted shares that vested and were transferred to the employee during 2015 and/or 2014, creating taxable income for the employee.   At the employees’ request, the Company will pay these taxes on behalf of the employees in exchange for the employees returning an equivalent value of restricted shares to the Company.  These transactions resulted in a decrease of less than $0.1 million for each of the three months ended March 31, 2015 and 2014, respectively, to equity on the consolidated balance sheets as the cash payment of the taxes effectively was a repurchase of the restricted shares granted in previous years.
	The following is a summary of transactions pertaining to restricted stock:
			Shares			Weighted
						Average Grant
						Date Fair Value
						Per Share
	Nonvested restricted stock outstanding at December 31, 2014			925,819		$	5.04
	Canceled			(168,432	)		6.21
	Vested			(38,671	)		11.63
	Nonvested restricted stock outstanding at March 31, 2015			718,716			4.38
	The restricted stock expense for the three months ended March 31, 2015 and 2014 was $0.3 million and $1.0 million, respectively. The unrecognized restricted stock expense as of March 31, 2015 and December 31, 2014 was $2.5 million and $4.2 million, respectively.  As of March 31, 2015, outstanding restricted shares under the LTIP had aggregate intrinsic value of $1.6 million.
	Stock Options
	The fair value of the stock options used to compute stock-based compensation is the estimated present value at the date of grant using the Black-Scholes option pricing model.  The following is a summary of transactions pertaining to stock options:
			Shares			Weighted Average Exercise Price Per Share		Weighted		Aggregate
								Average		Intrinsic Value
								Remaining		(in thousands)
								Contractual Term
	Outstanding at December 31, 2014			424,167		$	13.65	4.18 years		$	-
	Canceled			(36,000	)		13.57				-
	Outstanding at March 31, 2015			388,167			13.65	3.86 years			-
	Vested or expected to vest			388,167			13.65	3.86 years			-
	Exercisable as of March 31, 2015			388,167			13.65	3.86 years			-
	As of March 31, 2015, there was no unrecognized pre-tax compensation expense.
	The following table presents a summary of stock options outstanding:
			At March 31, 2015
			Stock Options Outstanding									Stock Options Exercisable
	Range of Exercise Prices		Shares			Contractual Weighted Average Life (years)			Weighted Average Price			Shares		Weighted
														Average Exercise
														Price
	$4.00-$13.99			215,667			4.91		$	9.6			215,667	$	9.6
	$14.00-$19.99			114,000			2.1			17.81			114,000		17.81
	$20.00-$25.00			58,500			3.42			20.48			58,500		20.48
				388,167			3.86			13.65			388,167		13.65

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2015
INCOME TAXES [Abstract]
INCOME TAXES	7	INCOME TAXES
	The provision for income taxes for the three months ended March 31, 2015 was $50,000, or 0.7% of pretax loss, compared to a provision for income taxes of $419,000, or 4.2%, of pretax income for the quarter ended March 31, 2014.
	The Company assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets.  A significant piece of objective negative evidence was the cumulative losses incurred by the Company in recent years.  On the basis of this evaluation the realization of the Company’s deferred tax assets was not deemed to be more likely than not and thus the Company maintained a valuation allowance on its net deferred tax assets as of March 31, 2015.

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
CONTINGENCIES [Abstract]
CONTINGENCIES	8	CONTINGENCIES
	In the ordinary conduct of its business, the Company is subject to lawsuits, investigations and claims, including, but not limited to, claims involving students or graduates and routine employment matters. Although the Company cannot predict with certainty the ultimate resolution of lawsuits, investigations and claims asserted against it, the Company does not believe that any currently pending legal proceedings to which it is a party will have a material adverse effect on the Company’s business, financial condition, and results of operations or cash flows.

PENSION_PLAN

PENSION PLAN	3 Months Ended
	Mar. 31, 2015
PENSION PLAN [Abstract]
PENSION PLAN	9	PENSION PLAN
	The Company sponsors a noncontributory defined benefit pension plan covering some of the Company’s employees who were employed by the Company prior to 1995.  Benefits are provided based on employees’ years of service and earnings.  This plan was frozen on December 31, 1994.  The total amount of the Company’s contributions paid under its pension plan was zero for the three months ended March 31, 2015 and 2014.  The net periodic benefit cost was less than $0.1 million for the three months ended March 31, 2015 and 2014.

SEGMENTS

SEGMENTS	3 Months Ended
	Mar. 31, 2015
SEGMENTS [Abstract]
SEGMENTS	10	SEGMENTS
	The for-profit education industry has been impacted by numerous regulatory changes, the changing economy and an onslaught of negative articles in the press. As a result of these actions, student populations have declined and operating costs have increased.  Over the past few years, the Company has closed over 10 locations and exited its online business.  The Company reviewed how it has been structured and decided to change its organization including reorganizing its Group Presidents to oversee each of the reporting segments.  By aggregating the remaining 31 operating segments into three reporting segments the Company is better able to allocate financial and human resources to respond to its markets and with the goal of improving its profitability and competitive advantage.
	In the past, the Company offered any combination of programs in any market and at any campus.  The Company is changing its focus to program offerings that create greater differentiation and attain excellence to attract more students and gain market share.  Also strategically, the Company wants to offer continuing education training to employers who hire its students and this is best achieved at campuses focused on their profession.
	As a result of these environmental, market forces and strategic decisions, the Company now operates in three reportable segments: a) Transportation and Skilled Trades, b) Healthcare and Other Professions and c) Transitional.
	Our reportable segments have been determined based on the method by which our chief operating decision maker now evaluates performance and allocates resources.  Each reportable segment represents a group of postsecondary education providers that offer a variety of degree and non-degree academic programs.  These segments are organized by key market segments to enhance operational alignment within each segment to more effectively execute our strategic plan.  Each of the Company’s schools is a reporting unit and an operating segment.  The Company’s operating segments have been aggregated into three reportable segments because, in the Company’s judgment, the reporting units have similar products, production processes, types of customers, methods of distribution, regulatory environment and economic characteristics.  Our reporting segments are described below.
	Transportation and Skilled Trades – Transportation and Skilled Trades offers academic programs mainly in the career-oriented disciplines of transportation and skilled trades (e.g. automotive, diesel, HVAC, welding and manufacturing).
	Healthcare and Other Professions – Healthcare and Other Professions offers academic programs in the career-oriented disciplines of health sciences, hospitality and business and information technology (e.g. dental assistant, medical assistant, practical nursing, culinary arts and cosmetology).
	Transitional – Transitional refers to operations that are being phased out and consists of our Fern Park, Florida campus that is currently being taught out.  This school is employing a gradual teach-out process that enables the school to continue to operate while current students complete their course of study.  The school is no longer enrolling new students.  In the fourth quarter of 2014, we announced that we are teaching out our campus in Fern Park, Florida which is expected to be complete by March 2016.
	We evaluate segment performance based on operating results.  Adjustments to reconcile segment results to consolidated results are included under the caption “Corporate,” which primarily includes unallocated corporate activity.
	Summary financial information by reporting segment is as follows:
			For the Three Months Ended March 31,
			Revenue										Operating (Loss) Income
			2015		% of			2014		% of			2015			2014
					Total					Total
	Transportation and Skilled Trades		$	44,844		58.5	%	$	44,534		56.2	%	$	4,975		$	2,336
	Healthcare and Other Professions			31,289		40.8	%		33,861		42.8	%		(504	)		(679	)
	Transitional			587		0.8	%		807		1	%		(720	)		(455	)
	Corporate			-		0	%		-		0	%		(9,189	)		(9,814	)
	Total		$	76,720		100	%	$	79,202		100	%	$	(5,438	)	$	(8,612	)
			Total Assets
			31-Mar-15		31-Dec-14
	Transporation and Skilled Trades		$	97,695	$	97,650
	Healthcare and Other Professions			62,921		62,377
	Transitional			2,108		2,184
	Corporate			14,172		51,473
	Discontinued Operations			-		23
	Total		$	176,896	$	213,707

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Business Activities	Business Activities – Lincoln Educational Services Corporation and its subsidiaries (collectively, the “Company”) is a provider of diversified career-oriented post-secondary education. The Company reorganized its operations in the first quarter of 2015 into three reportable segments:  a) Transportation and Skilled Trades, b) Healthcare and Other Professions, and c) Transitional.  The Company offers recent high school graduates and working adults career-oriented programs in these segments.  The Company currently has 31 campuses in 15 states across the United States.
Liquidity	Liquidity—For the last several years, the Company and the proprietary school sector have faced deteriorating earnings. Government regulations have negatively impacted earnings by making it more difficult for potential students to obtain loans, which, when coupled with the overall economic environment, have hindered potential students from enrolling in its post-secondary schools. In light of these factors, the Company has incurred significant operating losses as a result of lower student population. The Company also recorded a pre-tax goodwill impairment charge of $39.0 million for the year ended December 31, 2014 as a result of a significant decline in market capitalization. Despite these events, the Company believes that its likely sources of cash should be sufficient to fund operations for the next twelve months. The Company’s available sources of cash primarily include cash from operations, cash and cash equivalents on hand of $5.2 million at March 31, 2015 and the ability to draw up to $20 million (less letters of credit) under its revolving line of credit that was extended through April 5, 2016. To fund the Company’s business plans, including any anticipated future losses, purchase commitments, capital expenditures, principal and interest payments on borrowings and to satisfy the Department of Education (the “DOE”) financial responsibility standards, the Company has the ability to leverage its owned real estate that is not classified as held for sale. The Company is also continuing to take actions to improve cash flow by aligning its cost structure to its student population.
	In addition to the current sources of capital discussed above that will provide short term liquidity, the Company plans to sell approximately $51.7 million in assets which are currently classified as held for sale and are expected to be sold within one year from the date of classification.  The Company also is currently exploring various other alternatives including debt financing vehicles and strategic partnerships. However, at this time the Company has no commitments to obtain any additional funds, and there can be no assurance such funds will be available on acceptable terms or at all.
Basis of Presentation	Basis of Presentation – The accompanying unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission and in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements.  Certain information and footnote disclosures normally included in annual financial statements have been omitted or condensed pursuant to such regulations.  These statements, which should be read in conjunction with the December 31, 2014 consolidated financial statements and related disclosures of the Company included in the Annual Report on Form 10-K filed with the SEC on March 16, 2015, reflect all adjustments, consisting of normal recurring adjustments and impairments necessary to present fairly the consolidated financial position, results of operations and cash flows for such periods.  The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2015.
	The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries.  All significant intercompany accounts and transactions have been eliminated.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period.  On an ongoing basis, the Company evaluates the estimates and assumptions including those related to revenue recognition, bad debts, fixed assets, goodwill and other intangible assets, stock-based compensation, income taxes, benefit plans and certain accruals and contingencies.  Actual results could differ from those estimates.
New Accounting Pronouncements	New Accounting Pronouncements – In May 2014, the Financial Accounting Standards Board (“FASB”) issued a new standard related to revenue recognition, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The new standard will replace most of the existing revenue recognition standards in GAAP when it becomes effective on January 1, 2017. Early adoption is not permitted. The new standard can be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of the change recognized at the date of the initial application. The Company is assessing the potential impact of the new standard on financial reporting and has not yet selected a transition method.
	In April 2014, FASB issued amended guidance on the use and presentation of discontinued operations in an entity's consolidated financial statements. The new guidance restricts the presentation of discontinued operations to business circumstances when the disposal of business operations represents a strategic shift that has or will have a major effect on an entity's operations and financial results. The guidance became effective on January 1, 2015. Adoption is on a prospective basis.  The Company adopted the new guidance as of December 31, 2014 and based on the guidance did not present the schools that are held for sale as discontinued operations in the consolidated financial statements.  As discussed in Note 4, the Company did include the five training sites from Florida in discontinued operations in the consolidated financial statements for the year ended December 31, 2014 as they qualify under the amended guidance.
Stock-Based Compensation	Stock-Based Compensation – The Company measures the value of stock options on the grant date at fair value, using the Black-Scholes option valuation model.  The Company amortizes the fair value of stock options, net of estimated forfeitures, utilizing straight-line amortization of compensation expense over the requisite service period of the grant.
	The Company measures the value of service and performance-based restricted stock on the fair value of a share of common stock on the date of the grant. The Company amortizes the fair value of service-based restricted stock utilizing straight-line amortization of compensation expense over the requisite service period of the grant.
	The Company amortizes the fair value of the performance-based restricted stock based on the determination of the probable outcome of the performance condition.  If the performance condition is expected to be met, then the Company amortizes the fair value of the number of shares expected to vest utilizing straight-line basis over the requisite performance period of the grant.  However, if the associated performance condition is not expected to be met, then the Company does not recognize the stock-based compensation expense.
Income Taxes	Income Taxes – The Company accounts for income taxes in accordance with FASB Accounting Standards Code (“ASC”) Topic 740, “Income Taxes” (“ASC 740”). This statement requires an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statement and tax bases of assets and liabilities existing at each balance sheet date using enacted tax rates for years in which taxes are expected to be paid or recovered.
	In accordance with ASC 740, the Company assesses its deferred tax asset to determine whether all or any portion of the asset is more likely than not unrealizable.  A valuation allowance is required to be established or maintained when, based on currently available information, it is more likely than not that all or a portion of a deferred tax asset will not be realized. In accordance with ASC 740, the Company’s assessment considers whether there has been sufficient income in recent years and whether sufficient income is expected in future years in order to utilize the deferred tax asset. In evaluating the realizability of deferred income tax assets, the Company considered, among other things, historical levels of income, expected future income, the expected timing of the reversals of existing temporary reporting differences, and the expected impact of tax planning strategies that may be implemented to prevent the potential loss of future income tax benefits. Significant judgment is required in determining the future tax consequences of events that have been recognized in the Company’s consolidated financial statements and/or tax returns.  Differences between anticipated and actual outcomes of these future tax consequences could have a material impact on the Company’s consolidated financial position or results of operations.  Changes in, among other things, income tax legislation, statutory income tax rates, or future income levels could materially impact the Company’s valuation of income tax assets and liabilities and could cause the Company’s income tax provision to vary significantly among financial reporting periods.
	The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense.  During the three months ended March 31, 2015 and 2014, the Company did not have any interest and penalties expense associated with uncertain tax positions.

WEIGHTED_AVERAGE_COMMON_SHARES1

WEIGHTED AVERAGE COMMON SHARES (Tables)	3 Months Ended
	Mar. 31, 2015
WEIGHTED AVERAGE COMMON SHARES [Abstract]
Weighted average numbers of common shares used to compute basic and diluted income per share	The weighted average number of common shares used to compute basic and diluted loss per share for the three and nine months ended March 31, 2015 and 2014 was as follows:
		Three Months Ended
		March 31,
		2015		2014
	Basic shares outstanding		23,055,803		22,722,721
	Dilutive effect of stock options		-		-
	Diluted shares outstanding		23,055,803		22,722,721

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2015
DISCONTINUED OPERATIONS [Abstract]
Results of operations at training sites	The results of operations at these five training sites for the three months ended March 31, 2014 was as follows (in thousands):
		Three Months Ended
		March 31,
		2014
	Revenue	$	765
	Operating expenses		1,556
	Operating loss	$	(791	)

GOODWILL_AND_LONGLIVED_ASSETS_

GOODWILL AND LONG-LIVED ASSETS (Tables)	3 Months Ended
	Mar. 31, 2015
GOODWILL AND LONG-LIVED ASSETS [Abstract]
Changes in carrying amount of goodwill	The carrying amount of goodwill at March 31, 2015 is as follows:
		Gross		Accumulated			Net
		Goodwill		Impairment			Goodwill
		Balance		Losses			Balance
	Balance as of January 1, 2015	$	115,872	$	(93,665	)	$	22,207
	Adjustments		-		-			-
	Balance as of March 31, 2015	$	115,872	$	(93,665	)	$	22,207
Summary of finite-lived and indefinite-lived intangible assets	Intangible assets, which are included in other assets in the accompanying condensed consolidated balance sheets, consist of the following:
		Trade		Accreditation			Curriculum		Total
		Name
	Gross carrying amount at December 31, 2014	$	310	$	1,063		$	550	$	1,923
	Adjustments		-		-			-		-
	Gross carrying amount at March 31, 2015		310		1,063			550		1,923
	Accumulated amortization at December 31, 2014		264		-			469		733
	Amortization		11		-			6		17
	Accumulated amortization at March 31, 2015		275		-			475		750
	Net carrying amount at March 31, 2015	$	35	$	1,063		$	75	$	1,173
	Weighted average amortization period (years)		7	Indefinite				10
Summary of estimated future amortization expense	The following table summarizes the estimated future amortization expense:
	Year Ending December 31,
	Remainder of 2015	$	48
	2016		21
	2017		20
	2018		20
	2019		1
	Thereafter		-
		$	110

LONGTERM_DEBT_AND_LEASE_OBLIGA1

LONG-TERM DEBT AND LEASE OBLIGATIONS (Tables)	3 Months Ended
	Mar. 31, 2015
LONG-TERM DEBT AND LEASE OBLIGATIONS [Abstract]
Long-term debt and lease obligations	Long-term debt and lease obligations consist of the following:
		March 31,			December 31,
		2015			2014
	Credit agreement (a)	$	-		$	30,000
	Finance obligation (b)		9,672			9,672
	Capital lease-property (rate of 8.0%) (c)		25,394			25,509
			35,066			65,181
	Less current maturities		(480	)		(30,471	)
		$	34,586		$	34,710
Scheduled maturities of long-term debt and lease obligations	Scheduled maturities of long-term debt and lease obligations at March 31, 2015 are as follows:
	Year ending December 31,
	2015	$	480
	2016		10,302
	2017		763
	2018		826
	2019		895
	Thereafter		21,800
		$	35,066

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2015
STOCKHOLDERS' EQUITY [Abstract]
Summary of transactions pertaining to restricted stock	The following is a summary of transactions pertaining to restricted stock:
		Shares			Weighted
					Average Grant
					Date Fair Value
					Per Share
	Nonvested restricted stock outstanding at December 31, 2014		925,819		$	5.04
	Canceled		(168,432	)		6.21
	Vested		(38,671	)		11.63
	Nonvested restricted stock outstanding at March 31, 2015		718,716			4.38
Summary of transactions pertaining to option plans	The following is a summary of transactions pertaining to stock options:
		Shares			Weighted Average Exercise Price Per Share		Weighted		Aggregate
							Average		Intrinsic Value
							Remaining		(in thousands)
							Contractual Term
	Outstanding at December 31, 2014		424,167		$	13.65	4.18 years		$	-
	Canceled		(36,000	)		13.57				-
	Outstanding at March 31, 2015		388,167			13.65	3.86 years			-
	Vested or expected to vest		388,167			13.65	3.86 years			-
	Exercisable as of March 31, 2015		388,167			13.65	3.86 years			-
Summary of options outstanding	The following table presents a summary of stock options outstanding:
		At March 31, 2015
		Stock Options Outstanding									Stock Options Exercisable
	Range of Exercise Prices	Shares			Contractual Weighted Average Life (years)			Weighted Average Price			Shares		Weighted
													Average Exercise
													Price
	$4.00-$13.99		215,667			4.91		$	9.6			215,667	$	9.6
	$14.00-$19.99		114,000			2.1			17.81			114,000		17.81
	$20.00-$25.00		58,500			3.42			20.48			58,500		20.48
			388,167			3.86			13.65			388,167		13.65

SEGMENTS_Tables

SEGMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
SEGMENTS [Abstract]
Summary financial information by reporting segment	Summary financial information by reporting segment is as follows:
		For the Three Months Ended March 31,
		Revenue										Operating (Loss) Income
		2015		% of			2014		% of			2015			2014
				Total					Total
	Transportation and Skilled Trades	$	44,844		58.5	%	$	44,534		56.2	%	$	4,975		$	2,336
	Healthcare and Other Professions		31,289		40.8	%		33,861		42.8	%		(504	)		(679	)
	Transitional		587		0.8	%		807		1	%		(720	)		(455	)
	Corporate		-		0	%		-		0	%		(9,189	)		(9,814	)
	Total	$	76,720		100	%	$	79,202		100	%	$	(5,438	)	$	(8,612	)
		Total Assets
		31-Mar-15		31-Dec-14
	Transporation and Skilled Trades	$	97,695	$	97,650
	Healthcare and Other Professions		62,921		62,377
	Transitional		2,108		2,184
	Corporate		14,172		51,473
	Discontinued Operations		-		23
	Total	$	176,896	$	213,707

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
	School
	Segment
	Site
	State
Business Activities [Abstract]
Number of reportable segments	3
Number of schools operating across the United States	31
Number of states in which schools operate across the United States	15
Liquidity [Abstract]
Goodwill impairment loss pre tax charge		$39,000,000
Cash and cash equivalents	5,180,000	12,299,000	7,086,000	12,886,000
Line of credit amount available	20,000,000
Assets held for sale	$51,696,000	$50,930,000
New Accounting Pronouncements [Abstract]
Number of training sites	5

WEIGHTED_AVERAGE_COMMON_SHARES2

WEIGHTED AVERAGE COMMON SHARES (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Shares used to compute basic and diluted loss income per share [Abstract]
Basic shares outstanding (in shares)	23,055,803	22,722,721
Dilutive effect of stock options (in shares)	0	0
Diluted shares outstanding (in shares)	23,055,803	22,722,721
Stock Option 2 [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of income (loss) per share (in shares)	96,968	177,392
Stock Option 1 [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of income (loss) per share (in shares)	758,338	587,543
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of income (loss) per share (in shares)	226,106	386,063

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
			Site
Result of discontinued operations [Abstract]
OPERATING LOSS	($5,438)	($8,612)
Florida [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of training sites			5
Five Training Sites [Member]
Result of discontinued operations [Abstract]
Revenue		765
Operating expenses		1,556
OPERATING LOSS		($791)

GOODWILL_AND_LONGLIVED_ASSETS_1

GOODWILL AND LONG-LIVED ASSETS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
GOODWILL AND LONG-LIVED ASSETS [Abstract]
Long lived asset impairment	$0
Changes in carrying amount of goodwill [Abstract]
Gross Goodwill Balance	115,872		115,872
Accumulated Impairment Losses	-93,665		-93,665
Net Goodwill Balance	22,207		22,207
Adjustments	0
Finite-Lived Intangible Assets [Line Items]
Amortization	100	100
Net carrying amount at end of period	110
Intangible Assets (Excluding Goodwill) [Abstract]
Gross carrying amount, Total	1,923
Adjustments	0
Gross carrying amount, Total	1,923
Accumulated amortization, Total	733
Amortization	17
Accumulated amortization, Total	750
Net carrying amount	1,173
Amortization of intangible assets	100	100
Estimated future amortization expense [Abstract]
Remainder of 2015	48
2016	21
2017	20
2018	20
2019	1
Thereafter	0
Total	110
Accreditation [Member]
Indefinite-lived Intangible Assets [Line Items]
Gross carrying amount, beginning balance	1,063
Adjustments	0
Gross carrying amount, ending balance	1,063
Accumulated amortization, beginning balance	0
Amortization	0
Accumulated amortization, ending balance	0
Net carrying amount	1,063
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, beginning balance	310
Adjustments	0
Gross carrying amount, ending balance	310
Accumulated amortization, beginning balance	264
Amortization	11
Accumulated amortization, ending balance	275
Net carrying amount at end of period	35
Weighted average amortization period	7 years
Intangible Assets (Excluding Goodwill) [Abstract]
Amortization of intangible assets	11
Estimated future amortization expense [Abstract]
Total	35
Curriculum [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, beginning balance	550
Adjustments	0
Gross carrying amount, ending balance	550
Accumulated amortization, beginning balance	469
Amortization	6
Accumulated amortization, ending balance	475
Net carrying amount at end of period	75
Weighted average amortization period	10 years
Intangible Assets (Excluding Goodwill) [Abstract]
Amortization of intangible assets	6
Estimated future amortization expense [Abstract]
Total	$75

LONGTERM_DEBT_AND_LEASE_OBLIGA2

LONG-TERM DEBT AND LEASE OBLIGATIONS (Details) (USD $)	3 Months Ended		0 Months Ended		12 Months Ended
	Mar. 31, 2015		Jan. 15, 2015	Jan. 16, 2014	Dec. 31, 2014		Dec. 31, 2013
Long-term debt and lease obligations [Abstract]
Credit agreement	$0	[1]			30,000,000	[1]
Long term debt and capital lease obligations	35,066,000				65,181,000
Less current maturities	-480,000				-30,471,000
Long-term debt and lease obligations	34,586,000				34,710,000
Reduced amount of credit facility	20,000,000
Amendment fee paid	200,000
Percentage of additional amendment fees payable on April 16, 2015 (in hundredths)	0.50%
Percentage of additional amendment fees payable on June 1, 2015 (in hundredths)	0.50%
Percentage of additional amendment fees payable on September 30, 2015 (in hundredths)	1.00%
Percentage of additional amendment fees payable on December 31, 2015 (in hundredths)	1.00%
Outstanding amount of credit facility	0	[1]			30,000,000	[1]
Sale and a leaseback of several facilities, Date	28-Dec-01
Lease expiration date	31-Dec-16
Scheduled maturities of long-term debt and lease obligations [Abstract]
2015	480,000
2016	10,302,000
2017	763,000
2018	826,000
2019	895,000
Thereafter	21,800,000
Long term debt and capital lease obligations	35,066,000				65,181,000
Base Rate Loans from March 4, 2015 through April 15, 2015 [Member]
Long-term debt and lease obligations [Abstract]
Interest rate of credit facility (in hundredths)	11.00%
Base Rate Loans from April 16, 2015 to Through May 31, 2015 [Member]
Long-term debt and lease obligations [Abstract]
Interest rate of credit facility (in hundredths)	14.00%
Base Rate Loans from June 1, 2015 to Thereafter [Member]
Long-term debt and lease obligations [Abstract]
Interest rate of credit facility (in hundredths)	17.00%
Eurodollar Rate Loans from March 4, 2015 through April 15, 2015 [Member]
Long-term debt and lease obligations [Abstract]
Interest rate of credit facility (in hundredths)	12.00%
Eurodollar Rate Loans from April 16, 2015 to through May 31, 2015 [Member]
Long-term debt and lease obligations [Abstract]
Interest rate of credit facility (in hundredths)	15.00%
Eurodollar Rate Loans from June 1, 2015 to Thereafter [Member]
Long-term debt and lease obligations [Abstract]
Interest rate of credit facility (in hundredths)	18.00%
Credit Agreement [Member]
Long-term debt and lease obligations [Abstract]
Credit agreement					30,000,000
Number of lenders led by Bank of America	4
Maximum borrowing capacity of credit facility							60,000,000
Reduced amount of credit facility			20,000,000	0
Expiration date of credit facility	5-Apr-15
Maturity period of credit facility	36 months
Extension period of credit facility	12 months
Variable rate of debt instrument	prime rate
Federal Funds rate plus, variable rate (in hundredths)	0.50%
LIBOR rate plus, variable rate (in hundredths)	1.00%
Amount outstanding under letter of credit	7,100,000
Repayments of credit facility	30,000,000
Outstanding amount of credit facility					30,000,000
Revolving Credit Facility [Member]
Long-term debt and lease obligations [Abstract]
Reduced amount of credit facility			12,000,000	40,000,000
Letter of Credit [Member]
Long-term debt and lease obligations [Abstract]
Maximum borrowing capacity of credit facility					25,000,000
Credit Facility Loan from March 4, 2015 through April 15, 2015 [Member]
Long-term debt and lease obligations [Abstract]
Unused availability under the credit facility multiplication factor (in hundredths)	5.00%
Credit Facility Loan from April 16, 2015 to through May 31, 2015 [Member]
Long-term debt and lease obligations [Abstract]
Unused availability under the credit facility multiplication factor (in hundredths)	6.00%
Credit Facility Loan from June 1, 2015 to Thereafter [Member]
Long-term debt and lease obligations [Abstract]
Unused availability under the credit facility multiplication factor (in hundredths)	7.00%
Minimum [Member] | Letter of Credit [Member]
Long-term debt and lease obligations [Abstract]
Interest rate of credit facility (in hundredths)	7.25%				7.25%
Maximum [Member] | Letter of Credit [Member]
Long-term debt and lease obligations [Abstract]
Interest rate of credit facility (in hundredths)	14.25%
Finance Obligation [Member]
Long-term debt and lease obligations [Abstract]
Finance obligation	9,672,000	[2]			9,672,000	[2]
Capital Lease-Property (rate of 8.0%) [Member]
Long-term debt and lease obligations [Abstract]
Finance obligation	$25,394,000	[3]			25,509,000	[3]
Interest rate of debt instrument (in hundredths)	8.00%
[1]	On April 5, 2012, the Company, as borrower, and certain of its wholly-owned subsidiaries, as guarantors, entered into a secured revolving credit agreement with a syndicate of four lenders led by Bank of America, N.A., as administrative agent and letter of credit issuer (the "Credit Facility"). The April 5, 2012 agreement, along with subsequent amendments dated June 18, 2013, December 20, 2013, December 29, 2014 and March 4, 2015, are collectively referred to as the "Credit Agreement." As of December 31, 2013, the aggregate principal amount available under the Credit Facility was $60 million. Effective January 16, 2014, this amount was reduced to $40 million. Effective January 15, 2015, this amount was reduced to $20 million. The revolving commitments available for use other than for the issuance of letters of credit under the Credit Facility have been reduced to $12 million and, during the period commencing on December 1, 2015 through January 15, 2016. During the period commencing on December 1, 2015 through January 15, 2016 the Company is required to reduce the outstanding revolving loans, other than letters of credit obligations, to $0. The Credit Facility may be used to finance capital expenditures and permitted acquisitions, to pay transaction expenses, for the issuance of letters of credit and for general corporate purposes. The Credit Agreement includes a $25 million letter of credit sublimit which is reduced to $20 million effective January 15, 2015. Borrowings under the Credit Facility are secured by a first priority lien on substantially all of the tangible and intangible assets of the Company and its subsidiaries including real estate. The term of the Credit Facility was 36 months, maturing on April 5, 2015. The Credit Facility was extended on March 4, 2015 for an additional 12 months with a new expiration date of April 5, 2016. The Credit Agreement provides that the lenders will receive first priority lien on substantially all of the tangible and intangible non-real property assets of the Company and its subsidiaries as well as a first priority lien on substantially all real property owned by the Company and its subsidiaries and that all net proceeds of future sales of real property by the Company and its subsidiaries be used to prepay revolving loans and permanently reduce the principal amount of revolving loans available under the Credit Facility. Amounts borrowed under the Credit Facility shall continue to bear interest, at the Company's option, at either (i) an interest rate based on LIBOR (or the rate of 1.00%, if greater) and adjusted for any reserve percentage obligations under Federal Reserve Bank regulations (the "Eurodollar Rate") for specified interest periods or (ii) the Base Rate (as defined under the Credit Facility), in each case, plus an applicable margin rate as determined under the Credit Agreement. The "Base Rate", as defined under the Credit Facility, is the highest of (a) the rate of interest announced from time to time by Bank of America, N.A. as its prime rate, (b) the Federal Funds rate plus 0.5% and (c) a daily rate equal to the one-month LIBOR rate plus 1.0%. The Fourth Amendment re-sets the margin interest rate for (a) Base Rate loans as (i) 11.0% from March 4, 2015 through April 15, 2015, (ii) 14.0% from April 16, 2015 through May 31, 2015 and (iii) 17.0% from June 1, 2015 and thereafter and (b) Eurodollar Rate loans as (i) 12.0% from March 4, 2015 through April 15, 2015, (ii) 15.0% from April 16, 2015 through May 31, 2015 and (iii) 18.0% from June 1, 2015 and thereafter. The Company is required to pay on a quarterly basis a commitment fee equal to the amount of the then unused availability under the Credit Facility multiplied by (i) 5.0%, from March 4, 2015 through April 15, 2015, (ii) 6.0%, from April 16, 2015 through May 31, 2015 and (iii) 7.0% from June 1, 2015 and thereafter. Letters of credit will require a fee equal to the applicable margin rate multiplied by the daily amount available to be drawn under each issued letter of credit plus an agreed upon fronting fee and customary issuance, presentation, amendment and other processing fees associated with letters of credit. The Company paid an amendment fee of $0.2 million. Also, the Company is required to pay as additional amendment fees the following amounts on the following dates: (i) 0.5% of the revolving commitments outstanding on April 16, 2015; (ii) 0.5% of the revolving commitments outstanding on June 1, 2015; (iii) 1.0% of the revolving commitments outstanding on September 30, 2015; and (iv) 1.0% of the revolving commitments outstanding on December 31, 2015; provided, however, that no additional amendment fee will be due and owing on any such date in the event that the Credit Facility has been terminated, and all amounts due and owing under the Credit Facility repaid in full, on or prior to such date. At March 31, 2015, the Company had outstanding letters of credit aggregating $7.1 million, which were primarily comprised of letters of credit for the Department of Education, or DOE, matters and real estate leases. The Credit Agreement contains customary representations, warranties and covenants including consolidated adjusted net worth, consolidated leverage ratio, consolidated fixed charge coverage ratio, minimum financial responsibility composite score, cohort default rate and other financial covenants, certain restrictions on capital expenditures as well as affirmative and negative covenants and events of default customary for facilities of this type. In addition, the Company is paying fees to the lenders that are customary for facilities of this type. As of March 31, 2015 the Company is in compliance with all financial covenants. During the three months ended March 31, 2015 the Company had net repayments of $30.0 million under the Credit Facility. The Company had no amounts outstanding under the Credit Facility as of March 31, 2015. The interest rates on borrowings ranged from 7.25% to 14.25%. The Company had $30.0 million outstanding under the Credit Agreement as of December 31, 2014 which was repaid on January 3, 2014. The interest rate on this borrowing was 7.25%.
[2]	The Company completed a sale and a leaseback of several facilities on December 28, 2001. The Company retains a continuing involvement in the lease and, as a result, it is prohibited from utilizing sale-leaseback accounting. Accordingly, the Company has treated this transaction as a finance lease. The lease expires on December 31, 2016.
[3]	In 2009, the Company assumed real estate capital leases in Fern Park, Florida and Hartford, Connecticut. These leases bear interest at 8% and expire in 2032 and 2031, respectively.

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	3 Months Ended	12 Months Ended		3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
	Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock incentive plans	2
Vesting period of performance-based shares		3 years	4 years
Specified operating income margin period		one or more of the fiscal years	one or more of the fiscal years
Shares [Abstract]
Outstanding, beginning balance (in shares)	424,167
Canceled (in shares)	-36,000
Outstanding, ending balance (in shares)	388,167	424,167
Vested or expected to vest (in shares)	388,167
Exercisable, ending balance (in shares)	388,167
Weighted Average Exercise Price Per Share [Abstract]
Outstanding, beginning balance (in dollars per share)	$13.65
Canceled (in dollars per share)	$13.57
Outstanding, ending balance (in dollars per share)	$13.65	$13.65
Vested or expected to vest (in dollars per share)	$13.65
Exercisable, ending balance (in dollars per share)	$13.65
Weighted Average Remaining Contractual Term [Abstract]
Outstanding, beginning balance	3 years 10 months 10 days	4 years 2 months 5 days
Outstanding, ending balance	3 years 10 months 10 days	4 years 2 months 5 days
Vested or expected to vest	3 years 10 months 10 days
Exercisable, ending balance	3 years 10 months 10 days
Aggregate Intrinsic Value [Abstract]
Outstanding, beginning balance	$0
Canceled	0
Outstanding, ending balance	0	0
Vested or expected to vest	0
Exercisable, ending balance	0
Stock Options Outstanding [Abstract]
Shares (in shares)	388,167
Contractual Weighted Average Life	3 years 10 months 10 days
Weighted Average Price (in dollars per share)	$13.65
Stock Options Exercisable [Abstract]
Shares (in shares)	388,167
Weighted Exercise Price (in dollars per share)	$13.65
$ 4.00-$13.99 [Member]
Range of Exercise Prices [Abstract]
Range of Exercise Prices, Minimum (in dollars per share)	$4
Range of Exercise Prices, Maximum (in dollars per share)	$13.99
Stock Options Outstanding [Abstract]
Shares (in shares)	215,667
Contractual Weighted Average Life	4 years 10 months 28 days
Weighted Average Price (in dollars per share)	$9.60
Stock Options Exercisable [Abstract]
Shares (in shares)	215,667
Weighted Exercise Price (in dollars per share)	$9.60
$ 14.00-$19.99 [Member]
Range of Exercise Prices [Abstract]
Range of Exercise Prices, Minimum (in dollars per share)	$14
Range of Exercise Prices, Maximum (in dollars per share)	$19.99
Stock Options Outstanding [Abstract]
Shares (in shares)	114,000
Contractual Weighted Average Life	2 years 1 month 6 days
Weighted Average Price (in dollars per share)	$17.81
Stock Options Exercisable [Abstract]
Shares (in shares)	114,000
Weighted Exercise Price (in dollars per share)	$17.81
$ 20.00-$25.00 [Member]
Range of Exercise Prices [Abstract]
Range of Exercise Prices, Minimum (in dollars per share)	$20
Range of Exercise Prices, Maximum (in dollars per share)	$25
Stock Options Outstanding [Abstract]
Shares (in shares)	58,500
Contractual Weighted Average Life	3 years 5 months 1 day
Weighted Average Price (in dollars per share)	$20.48
Stock Options Exercisable [Abstract]
Shares (in shares)	58,500
Weighted Exercise Price (in dollars per share)	$20.48
Stock Options [Member]
Aggregate Intrinsic Value [Abstract]
Unrecognized pre-tax compensation expense	0
Restricted Stock [Member]
Shares [Abstract]
Nonvested restricted stock outstanding, beginning balance (in shares)	925,819
Canceled (in shares)	-168,432
Vested (in shares)	-38,671
Nonvested restricted stock outstanding, ending balance (in shares)	718,716
Weighted Average Grant Date Fair Value [Abstract]
Nonvested restricted stock outstanding, beginning balance (in dollars per share)	$5.04
Canceled (in dollars per share)	$6.21
Vested (in dollars per share)	$11.63
Nonvested restricted stock outstanding, ending balance (in dollars per share)	$4.38
Recognized restricted stock expense	300,000			1,000,000
Unrecognized restricted stock expense	2,500,000	4,200,000
LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net share settlement for restricted stock (in shares)	9,208			15,209
Decrease in equity due to payment of tax for employee	100,000			100,000
LTIP [Member] | Restricted Stock [Member]
Weighted Average Grant Date Fair Value [Abstract]
Outstanding restricted shares, intrinsic value	$1,600,000

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
INCOME TAXES [Abstract]
Provision for income taxes	$50	$419
Effective income tax rate (in hundredths)	0.70%	4.20%

PENSION_PLAN_Details

PENSION PLAN (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
PENSION PLAN [Abstract]
Employer contributions under pension plan	$0	$0
Net periodic benefit cost	$0.10	$0.10

SEGMENTS_Details

SEGMENTS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	Segment
	Location
SEGMENTS [Abstract]
Number of locations closed	10
Number of operating segments	31
Number of reportable segments	3
Summary financial information by reporting segment [Abstract]
Revenues	$76,720	$79,202
Percentage of Total Revenue (in hundredths)	100.00%	100.00%
Operating (Loss) Income	-5,438	-8,612
Assets	176,896		213,707
Reportable Segments [Member] | Transportation and Skilled Trades [Member]
Summary financial information by reporting segment [Abstract]
Revenues	44,844	44,534
Percentage of Total Revenue (in hundredths)	58.50%	56.20%
Operating (Loss) Income	4,975	2,336
Assets	97,695		97,650
Reportable Segments [Member] | Healthcare and Other Professions [Member]
Summary financial information by reporting segment [Abstract]
Revenues	31,289	33,861
Percentage of Total Revenue (in hundredths)	40.80%	42.80%
Operating (Loss) Income	-504	-679
Assets	62,921		62,377
Reportable Segments [Member] | Transitional [Member]
Summary financial information by reporting segment [Abstract]
Revenues	587	807
Percentage of Total Revenue (in hundredths)	0.80%	1.00%
Operating (Loss) Income	-720	-455
Assets	2,108		2,184
Corporate [Member]
Summary financial information by reporting segment [Abstract]
Revenues	0	0
Percentage of Total Revenue (in hundredths)	0.00%	0.00%
Operating (Loss) Income	-9,189	-9,814
Assets	14,172		51,473
Discontinued Operations [Member]
Summary financial information by reporting segment [Abstract]
Assets	$0		$23