Cambium Learning 10-Q 8 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 30, 2014
Document Document And Entity Information [Line Items]	'	'
Entity Registrant Name	'Cambium Learning Group, Inc.	'
Entity Central Index Key	'0001466815	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	44,874,440

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net revenues	$31,080	$31,429
Cost of revenues:	'	'
Cost of revenues	9,011	11,403
Amortization expense	4,080	3,707
Total cost of revenues	13,091	15,110
Research and development expense	2,747	2,331
Sales and marketing expense	10,582	10,333
General and administrative expense	5,180	6,793
Shipping and handling costs	196	299
Depreciation and amortization expense	1,064	1,216
Total costs and expenses	32,860	36,082
Loss before interest, other income (expense) and income taxes	-1,780	-4,653
Net interest expense	-4,738	-4,576
Loss on extinguishment of debt	-213	'
Other income, net	215	219
Loss before income taxes	-6,516	-9,010
Income tax expense	-71	-68
Net loss	-6,587	-9,078
Other comprehensive loss:	'	'
Amortization of net pension loss	22	30
Comprehensive loss	($6,565)	($9,048)
Net loss per common share:	'	'
Basic	($0.14)	($0.19)
Diluted	($0.14)	($0.19)
Average number of common shares and equivalents outstanding:	'	'
Basic	45,685	47,397
Diluted	45,685	47,397

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$41,239	$67,993
Accounts receivable, net	10,599	15,767
Inventory	8,355	9,221
Restricted assets, current	1,343	1,343
Other current assets	7,175	6,873
Total current assets	68,711	101,197
Property, equipment and software at cost	45,061	43,224
Accumulated depreciation and amortization	-24,865	-22,909
Property, equipment and software, net	20,196	20,315
Goodwill	47,842	47,842
Acquired curriculum and technology intangibles, net	7,811	8,719
Acquired publishing rights, net	4,219	4,705
Other intangible assets, net	5,870	6,251
Pre-publication costs, net	14,115	13,401
Restricted assets, less current portion	5,166	5,492
Other assets	10,126	8,288
Total assets	184,056	216,210
Current liabilities:	'	'
Capital lease obligations, current	1,026	995
Accounts payable	1,701	1,301
Accrued expenses	12,319	25,279
Deferred revenue, current	44,250	53,532
Total current liabilities	59,296	81,107
Long-term liabilities:	'	'
Long-term debt	172,536	174,491
Capital lease obligations, less current portion	1,755	2,019
Deferred revenue, less current portion	6,687	7,829
Other liabilities	13,726	13,954
Total long-term liabilities	194,704	198,293
Commitments and contingencies (See Note 12)	'	'
Stockholders' equity (deficit):	'	'
Preferred stock ($.001 par value, 15,000 shares authorized, zero shares issued and outstanding at March 31, 2014 and December 31, 2013)	'	'
Common stock ($.001 par value, 150,000 shares authorized, 51,208 and 51,208 shares issued, and 44,874 and 45,042 shares outstanding at March 31, 2014 and December 31,2013, respectively)	51	51
Capital surplus	283,785	283,673
Accumulated deficit	-339,282	-332,695
Treasury stock at cost (6,334 and 6,166 shares at March 31, 2014 and December 31, 2013, respectively)	-12,448	-12,147
Other comprehensive loss:	'	'
Pension and postretirement plans	-2,050	-2,072
Accumulated other comprehensive loss	-2,050	-2,072
Total stockholders' equity (deficit)	-69,944	-63,190
Total liabilities and stockholders' equity (deficit)	$184,056	$216,210

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, except Per Share data, unless otherwise specified
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	15,000	15,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	150,000	150,000
Common stock, shares issued	51,208	51,208
Common stock, shares outstanding	44,874	45,042
Treasury stock, shares	6,334	6,166

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operating activities:	'	'
Net loss	($6,587)	($9,078)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization expense	5,144	4,923
Loss on extinguishment of debt	213	'
Amortization of note discount and deferred financing costs	429	430
Stock-based compensation and expense	112	229
Other	22	58
Changes in operating assets and liabilities:	'	'
Accounts receivable, net	5,168	-339
Inventory	866	2,367
Other current assets	-302	545
Other assets	-2,450	-52
Restricted assets	326	368
Accounts payable	400	-1,655
Accrued expenses	-9,360	-5,764
Deferred revenue	-10,424	-7,924
Other long-term liabilities	-206	-348
Net cash used in operating activities	-16,649	-16,240
Investing activities:	'	'
Cash paid for acquisitions	-3,600	'
Expenditures for property, equipment, software and pre-publication costs	-3,986	-3,792
Net cash used in investing activities	-7,586	-3,792
Financing activities:	'	'
Principal payments under capital lease obligations	-233	-479
Repayment of debt	-1,985	'
Share repurchases	-301	-244
Net cash used in financing activities	-2,519	-723
Decrease in cash and cash equivalents	-26,754	-20,755
Cash and cash equivalents, beginning of year	67,993	51,904
Cash and cash equivalents, end of year	$41,239	$31,149

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2014
Basis of Presentation	'
	Note 1 — Basis of Presentation
	Presentation. The Condensed Consolidated Financial Statements include the accounts of Cambium Learning Group, Inc. and subsidiaries (the “Company”) and are unaudited. The condensed balance sheet as of December 31, 2013 has been derived from audited financial statements. All intercompany transactions are eliminated.
	As permitted under the Securities and Exchange Commission (“SEC”) requirements for interim reporting, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) have been omitted. The Company believes that these financial statements include all necessary and recurring adjustments for the fair presentation of the interim period results. These financial statements should be read in conjunction with the Consolidated Financial Statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013. Due to seasonality, the results of operations for the three months ended March 31, 2014 are not necessarily indicative of the results to be expected for the year ending December 31, 2014.
	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 the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Subsequent actual results may differ from those estimates.
	Nature of Operations. The Company is a leading educational solutions and services company that is committed to helping all students reach their full potential by providing evidence-based solutions and expert professional services to empower educators and raise the achievement levels of all students. The Company’s brands include: Voyager Sopris Learning, Learning A–Z, ExploreLearning and Kurzweil Educational Systems. Together, these business units provide best-in-class intervention and supplemental instructional materials; gold-standard professional development and school-improvement services; breakthrough technology solutions for online learning and professional support; valid and reliable assessments; and proven materials to support a positive and safe school environment.
	These brands comprise four reportable segments with separate management teams and infrastructures that offer various products and services: Voyager Sopris Learning, Learning A-Z, ExploreLearning and Kurzweil/IntelliTools. See Note 14 to the Condensed Consolidated Financial Statements for further information on the Company’s segment reporting structure.

Accounts_Receivable

Accounts Receivable	3 Months Ended
	Mar. 31, 2014
Accounts Receivable	'
	Note 2 — Accounts Receivable
	Accounts receivable are stated net of allowances for doubtful accounts and estimated sales returns. The allowance for doubtful accounts and estimated sales returns totaled $0.7 million at March 31, 2014 and $0.7 million at December 31, 2013. The allowance for doubtful accounts is based on a review of the outstanding balances and historical collection experience. The reserve for sales returns is based on historical rates of return as well as other factors that in the Company’s judgment could reasonably be expected to cause sales returns to differ from historical experience.

StockBased_Compensation_and_Ex

Stock-Based Compensation and Expense	3 Months Ended
	Mar. 31, 2014
Stock-Based Compensation and Expense	'
	Note 3 — Stock-Based Compensation and Expense
	The stock-based compensation and expense recorded was allocated as follows:
		Three Months Ended March 31,
	(in thousands)	2014			2013
	Cost of revenues	$	9		$	12
	Research and development expense		22			28
	Sales and marketing expense		24			22
	General and administrative expense		57			167
	Total	$	112		$	229
	2014 Grants
	On March 14, 2014, the Company granted 554,000 options under the Cambium Learning Group, Inc. 2009 Equity Incentive Plan (“Plan”) with a total grant date fair value, net of forecasted forfeitures, of $0.7 million.  Each of these options have a per-share exercise price of $2.14 and vest in equal monthly installments on the last day of each month of the four year period beginning on the first day of the month of grant.  The term of each of the options is ten years from the date of grant.
	On March 26, 2014, the Company granted 35,000 options under the Plan with a total grant date fair value, net of forecasted forfeitures, of $0.1 million.  Each of these options have a per-share exercise price of $2.06 and vest in equal monthly installments on the last day of each month of the four year period beginning on the first day of the month of grant.  The term of each of the options is ten years from the date of grant.
	Valuation assumptions
	The following assumptions were used in the Black-Scholes option-pricing model to estimate the fair value of the awards granted during the three month period ended March 31, 2014:
		Three Months Ended
		31-Mar-14
	Expected stock volatility		63.9	%
	Risk-free interest rate	1.91% - 2.05		%
	Expected years until exercise		6.25
	Dividend yield		0	%
	Due to a lack of exercise history or other means to reasonably estimate future exercise behavior, the Company used the simplified method as described in applicable accounting guidance for stock-based compensation to estimate the expected years until exercise on new awards.
	Award activity
	The following tables detail changes in the Company’s outstanding stock options during the three month period ended March 31, 2014.
			Three Months Ended March 31, 2014
	Grant Date		Beginning Outstanding			Granted		Cancelled/Forfeited		Ending Outstanding
	27-Jan-10			5,000			—		—		5,000
	21-Nov-11			79,158			—		79,158		—
	14-May-12			10,198			—		10,198		—
	30-Jul-13			2,187,344			—		22,344		2,165,000
	19-Sep-13			30,000			—		—		30,000
	28-Oct-13			40,000			—		—		40,000
	18-Nov-13			15,000			—		—		15,000
	14-Mar-14			—			554,000		—		554,000
	26-Mar-14			—			35,000		—		35,000
	Total			2,366,700			589,000		111,700		2,844,000
	During the three months ended March 31, 2014, the related restrictions lapsed on restricted common stock awards of 1,000 shares.

Net_Loss_per_Common_Share

Net Loss per Common Share	3 Months Ended
	Mar. 31, 2014
Net Loss per Common Share	'
	Note 4 — Net Loss per Common Share
	Basic net loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period including a warrant for shares issuable for little or no cash consideration which is considered a common share equivalent. Diluted net loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period, including the potential dilution that could occur if all of the Company’s outstanding stock awards that are in-the-money were exercised, using the treasury stock method.
	A reconciliation of the weighted-average number of common shares and equivalents outstanding used in the calculation of basic and diluted net loss per common share is shown in the table below for the periods indicated:
		Three Months Ended March 31,
	(in thousands)	2014		2013
	Basic		45,685		47,397
	Dilutive effect of awards		—		—
	Diluted		45,685		47,397
	Antidilutive securities:
	Options		2,844		3,160
	Warrants		—		282
	Restricted stock		1		3
	During the first quarter of 2014, the Company repurchased 167,961 shares of its outstanding common stock for $0.3 million.  After these transactions, the Company has $0.3 million remaining under its previously disclosed share repurchase authorization.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2014
Fair Value Measurements	'
	Note 5 — Fair Value Measurements
	Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability (exit price), in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques are based on observable or unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs have created the following fair value hierarchy:
	·	Level 1 — Quoted prices for identical instruments in active markets.
	·	Level 2 — Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which significant value drivers are observable.
	·	Level 3 — Valuations derived from valuation techniques in which significant value drivers are unobservable.
	Applicable guidance requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	As of March 31, 2014, financial instruments include $41.2 million of cash and cash equivalents, restricted assets of $6.5 million, collateral investments of $4.1 million, and $172.5 million of senior secured notes.  As of December 31, 2013, financial instruments include $68.0 million of cash and cash equivalents, restricted assets of $6.8 million, collateral investments of $2.0 million, and $174.5 million of senior secured notes. The fair market values of cash equivalents and restricted assets are equal to their carrying value, as these investments are recorded based on quoted market prices and/or other market data for the same or comparable instruments and transactions as of the end of the reporting period.
	As of March 31, 2014, the fair value of the senior secured notes was $175.4 million based on quoted market prices in active markets for these debt instruments when traded as assets.
	Assets and liabilities measured at fair value on a recurring basis are as follows:
	(in thousands)				Fair Value at Reporting Date Using
	Description		As of		Quoted Prices			Significant		Significant
			31-Mar-14		in Active			Other		Unobservable
					Markets for			Observable		Inputs
					Identical			Inputs		(Level 3)
					Assets			(Level 2)
					(Level 1)
	Restricted Assets:
	Money Market		$	6,509	$	6,509		$	—	$	—
	Collateral Investments:
	Money Market			904		904			—		—
	Certificate of Deposit			3,199		3,199			—		—
	(in thousands)				Fair Value at Reporting Date Using
	Description		As of		Quoted Prices			Significant		Significant
			31-Dec-13		in Active			Other		Unobservable
					Markets for			Observable		Inputs
					Identical			Inputs		(Level 3)
					Assets			(Level 2)
					(Level 1)
	Restricted Assets:
	Money Market		$	6,835	$	6,835		$	—	$	—
	Collateral Investments:
	Money Market			903		903			—		—
	Certificate of Deposit			1,068		1,068			—		—
	(in thousands)		Total Gains (Losses) for the
			Three Months Ended March 31,
	Description		2014		2013
	Restricted Assets:
	Money Market		$	—	$	—
	Collateral Investments:
	Money Market			—		—
	Certificate of Deposit			—		—
	Warrant			—		22
	Assets held for sale:
	Recovered Properties			—		—
	CVRs			—		(55	)
	The warrant was valued using the Black-Scholes pricing model. Due to the low exercise price of the warrant, the model assumptions do not significantly impact the valuation.
	Contingent Value Rights
	As part of the 2009 merger with Voyager Learning Company (“VLCY”), each former VLCY shareholder received a CVR to receive cash in an amount equal to the aggregate amount of specified tax refunds received after the closing of the mergers and various other amounts deposited in escrow on or after the closing date, reduced by any payments to be made under the escrow agreement entered into in connection with the mergers, with respect to agreed contingencies, a potential working capital adjustment and allowed expenses, divided by the total number of shares of VLCY common stock outstanding immediately prior to the effective time of the mergers.
	The CVR payment dates were in September 2010, June 2011, and June 2013, with $1.1 million, $2.0 million, and $7.7 million, respectively, distributed to the escrow agent at those times for distribution to holders of the CVRs.  The final payment comprised $5.8 million related to a Michigan state tax matter and $1.9 million related to a potential tax indemnity obligation. Restricted cash in an escrow account for the benefit of the CVRs was $3.0 million for the potential tax indemnity obligation.  As the potential tax indemnity obligation was not triggered, the remaining $1.1 million in the escrow account reverted back to the general cash of the Company in the second quarter of 2013.
	Assets and liabilities measured at fair value on a non-recurring basis are listed below at their carrying values as of each reporting date:
	(in thousands)				Value at Reporting Date Using
	Description		As of		Quoted Prices			Significant		Significant
			31-Mar-14		in Active			Other		Unobservable
					Markets for			Observable		Inputs
					Identical			Inputs		(Level 3)
					Assets			(Level 2)
					(Level 1)
	Goodwill		$	47,842	$	—		$	—	$	47,842
	Property, equipment and software			20,196		—			—		20,196
	Pre-publication costs, net			14,115		—			—		14,115
	Acquired curriculum and technology			7,811		—			—		7,811
	intangibles, net
	Acquired publishing rights, net			4,219		—			—		4,219
Other intangible assets, net			5,870		—			—		5,870
(in thousands)				Value at Reporting Date Using
Description		As of		Quoted Prices			Significant		Significant
		31-Dec-13		in Active			Other		Unobservable
				Markets for			Observable		Inputs
				Identical			Inputs		(Level 3)
				Assets			(Level 2)
				(Level 1)
Goodwill		$	47,842	$	—		$	—	$	47,842
Property, equipment and software			20,315		—			—		20,315
Pre-publication costs, net			13,401		—			—		13,401
Acquired curriculum and technology			8,719		—			—		8,719
intangibles, net
Acquired publishing rights, net			4,705		—			—		4,705
Other intangible assets, net			6,251		—			—		6,251
(in thousands)		Total Gains (Losses) for the
		Three Months Ended March 31,
Description		2014		2013
Goodwill		$	—	$	—
Property, equipment and software			—		—
Pre-publication costs, net			—		—
Acquired curriculum and technology intangibles, net			—		—
Acquired publishing rights, net			—		—
Other intangible assets, net			—		—

Other_Current_Assets

Other Current Assets	3 Months Ended
	Mar. 31, 2014
Other Current Assets	'
	Note 6 — Other Current Assets
	Other current assets at March 31, 2014 and December 31, 2013 consisted of the following:
		As of
	(in thousands)	March 31,		December 31,
		2014		2013
	Deferred costs	$	4,081	$	4,968
	Prepaid expenses		2,387		1,369
	Deferred taxes		536		536
	Other current assets		171		—
	Total	$	7,175	$	6,873

Other_Assets

Other Assets	3 Months Ended
	Mar. 31, 2014
Other Assets	'
	Note 7 — Other Assets
	Other assets at March 31, 2014 and December 31, 2013 consisted of the following:
		As of
	(in thousands)	March 31,		December 31,
		2014		2013
	Collateral investments	$	4,103	$	1,971
	Deferred financing costs		3,929		4,541
	Other		2,094		1,776
	Total	$	10,126	$	8,288
	The deferred financing costs represent costs incurred in connection with the issuance of the 9.75% senior secured notes as described in Note 13 to the Condensed Consolidated Financial Statements.
	During the first quarter of 2014, the Company purchased an additional $2.1 million certificate of deposit to serve as collateral for the outstanding letters of credit.  The letters of credit had previously been collateralized by the ABL Facility that was terminated on March 26, 2014 as described in Note 13 to the Condensed Consolidated Financial Statements.

Accrued_Expenses

Accrued Expenses	3 Months Ended
	Mar. 31, 2014
Accrued Expenses	'
	Note 8 — Accrued Expenses
	Accrued expenses at March 31, 2014 and December 31, 2013 consisted of the following:
		As of
	(in thousands)	March 31,		December 31,
		2014		2013
	Salaries, bonuses and benefits	$	5,576	$	9,687
	Accrued interest		2,108		6,471
	Pension and post-retirement medical benefits		1,172		1,214
	Accrued royalties		976		1,649
	Headsprout acquisition accrual		—		3,600
	Other		2,487		2,658
	Total	$	12,319	$	25,279
	Accrued interest primarily relates to the 9.75% senior secured notes. The notes require semi-annual interest payments in arrears on each February 15 and August 15 over the life of the notes.
	In December 2013, LAZEL, Inc., a wholly owned subsidiary of the Company, completed the acquisition of certain assets of Headsprout for $4.0 million.  Of the total purchase price, $3.6 million was paid in January 2014 and the remaining $0.4 million will be paid 18 months after the closing date subject to the holdback provisions of the purchase agreement.  The remaining accrual of $0.4 million is included in Other Liabilities as disclosed in Note 9 below.

Other_Liabilities

Other Liabilities	3 Months Ended
	Mar. 31, 2014
Other Liabilities	'
	Note 9 — Other Liabilities
	Other liabilities at March 31, 2014 and December 31, 2013 consisted of the following:
		As of
	(in thousands)	March 31,		December 31,
		2014		2013
	Pension and post-retirement medical benefits, long-term	$	10,059	$	10,241
	portion
	Deferred rent		1,161		1,201
	Long-term income tax payable		914		902
	Long-term deferred tax liability		570		570
	Long-term deferred compensation		472		491
	Headsprout acquisition accrual		400		400
	Other		150		149
	Total	$	13,726	$	13,954

Pension_Plan

Pension Plan	3 Months Ended
	Mar. 31, 2014
Pension Plan	'
	Note 10 — Pension Plan
	The net pension costs of the Company’s defined benefit pension plan were primarily comprised of interest costs and totaled $0.1 million for the three month periods ended March 31, 2014 and 2013.  The net pension costs for the three months ended March 31, 2014 and 2013 also included immaterial accumulated net loss amortization.

Uncertain_Tax_Positions

Uncertain Tax Positions	3 Months Ended
	Mar. 31, 2014
Uncertain Tax Positions	'
	Note 11 — Uncertain Tax Positions
	The Company recognizes the financial statement impacts of a tax return position when it is more likely than not, based on technical merits, that the position will ultimately be sustained. For tax positions that meet this recognition threshold, the Company applies judgment, taking into account applicable tax laws, experience managing tax audits and relevant GAAP, to determine the amount of tax benefits to recognize in its financial statements. For each position, the difference between the benefit realized on the Company’s tax return and the benefit reflected in its financial statements is recorded on the Condensed Consolidated Balance Sheet as an unrecognized tax benefit (“UTB”). The Company updates its UTBs at each financial statement date to reflect the impacts of audit settlements and other resolution of audit issues, expiration of statutes of limitation, developments in tax law and ongoing discussions with tax authorities. The balance of UTBs was $6.4 million at March 31, 2014 and December 31, 2013.
	The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. All U.S. tax years prior to 2008 related to the VLCY acquired entities have been audited by the Internal Revenue Service. Cambium and its subsidiaries have been examined by the Internal Revenue Service through the end of 2006. The Company has been audited by the various state tax authorities through 2007.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies	'
	Note 12 — Commitments and Contingencies
	The Company is involved in various legal proceedings incidental to its business. Management believes that the outcome of these proceedings will not have a material adverse effect upon the Company’s consolidated operations or financial condition and the Company has recognized appropriate liabilities as necessary based on facts and circumstances known to management. The Company expenses legal costs related to legal contingencies as incurred.
	From time to time, the Company may enter into firm purchase commitments for printed materials included in inventory which the Company expects to use in the ordinary course of business. These commitments are typically for terms less than one year and require the Company to buy minimum quantities of materials with specific delivery dates at a fixed price over the term. These open purchase commitments totaled $0.3 million as of March 31, 2014.
	The Company has letters of credit outstanding as of March 31, 2014 in the amount of $2.5 million to support the build-to-suit lease, credit collections, performance bonds for certain contracts and workers’ compensation activity. The Company maintains certificates of deposit as collateral for the letters of credit. The Company also maintains a $0.9 million money market fund investment as collateral for a travel card program. The certificates of deposit and money market fund investment are recorded in Other Assets.

Long_Term_Debt

Long Term Debt	3 Months Ended
	Mar. 31, 2014
Long-Term Debt	'
	Note 13 — Long-Term Debt
	Long-term debt consists of the following at March 31, 2014 and December 31, 2013:
	(in thousands)	March 31,			December 31,
		2014			2013
	9.75% senior secured notes due February 15, 2017, interest payable semiannually	$	173,000		$	175,000
	Less: Unamortized discount		(464	)		(509	)
	Total long-term debt	$	172,536		$	174,491
	In February 2011, the Company closed an offering of $175 million aggregate principal amount of 9.75% senior secured notes due 2017 (the “Notes”). Deferred financing costs are capitalized in Other Assets in the Condensed Consolidated Balance Sheets, net of accumulated amortization, and are to be amortized over the term of the related debt using the effective interest method. Unamortized capitalized deferred financing costs at March 31, 2014 and December 31, 2013 were $3.9 million and $4.5 million, respectively, related to the Notes and an asset-based revolving credit facility which was terminated in the first quarter of 2014.
	Interest on the Notes accrues at a rate of 9.75% per annum from the date of original issuance and is payable semi-annually in arrears on each February 15 and August 15 to the holders of record of the Notes on the immediately preceding February 1 and August 1. No principal repayments are due until the maturity date of the Notes.
	The Notes are secured by (i) a first priority lien on substantially all of the Company’s assets including capital stock of the guarantors (which are certain of the Company’s subsidiaries), and (ii) a second-priority lien, prior to the termination of the ABL Facility (as defined and described below), on substantially all of the inventory and accounts receivable and related assets of the ABL Credit Parties, in each case, subject to certain permitted liens. The Notes also contain customary covenants, including limitations on the Company’s ability to incur debt, and events of default as defined by the agreement. The Company may, at its option, redeem the Notes prior to their maturity based on the terms included in the agreement.
	During the quarter ended March 31, 2014, the Company repurchased $2.0 million aggregate principal amount of Notes for approximately $2.0 million, plus accrued and unpaid interest. A Loss on Extinguishment of Debt of $0.1 million was recorded in connection with the repurchase primarily related to the write-off of unamortized deferred financing costs.  In April 2014, the Company repurchased an additional $5.0 million aggregate principal amount of Notes for $5.1 million, plus accrued and unpaid interest.
	ABL Facility. In February 2011, the Company’s wholly owned subsidiary, Cambium Learning, Inc. (together with its wholly owned subsidiaries, the “ABL Credit Parties”), entered into a credit facility (the “ABL Facility”) pursuant to a Loan and Security Agreement (the “ABL Loan Agreement”), by and among the ABL Credit Parties, Harris N.A., individually and as Agent (the “Agent”) for any ABL Lender (as hereinafter defined) which is or becomes a party to said ABL Loan Agreement, certain other lenders party thereto (together with Harris N.A. in its capacity as a lender, the “ABL Lenders”), Barclays Bank PLC, individually and as Collateral Agent, and BMO Capital Markets and Barclays Capital, as Joint Lead Arrangers and Joint Book Runners. The ABL Facility consisted of a four-year $40.0 million revolving credit facility, which included a $5.0 million subfacility for swing line loans and a $5.0 million subfacility for letters of credit.
	The ABL Facility was, subject to certain exceptions, secured by a first-priority lien on the ABL Credit Parties’ inventory and accounts receivable and related assets and a second-priority lien (junior to the lien securing the ABL Credit Parties’ obligations with respect to the Notes) on substantially all of the ABL Credit Parties’ other assets.
	The ABL Credit Parties were required to pay, quarterly in arrears, an unused line fee equal to the product of (x) either 0.375% or 0.50% (depending upon the ABL Credit Parties’ fixed charge coverage ratio at the time) and (y) the average daily unused amount of the revolver. The ABL Facility contained a financial covenant that generally required the ABL Credit Parties to maintain, on a consolidated basis, either (i) excess availability of at least the greater of $8 million and 15% of the revolver commitment or (ii) a fixed charge coverage ratio of 1.1 to 1.0.
	During the first quarter of 2014, the Company’s excess availability and fixed charge coverage ratios fell below the required thresholds, which put the Company in a Trigger Period as defined under the ABL Facility agreement.  On March 26, 2014, the Company terminated the ABL Facility.  As the Company did not have any funds outstanding under the facility and does not anticipate any borrowing needs in the near term, the Company does not expect this to have any impact on its liquidity. A Loss on Extinguishment of Debt of $0.2 million was recorded in connection with the termination related to the write-off of unamortized deferred financing costs.

Segment_Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2014
Segment Reporting	'
	Note 14 — Segment Reporting
	The Company operates in four reportable segments with separate management teams and infrastructures that offer various products and services:
	Voyager Sopris Learning:
	Voyager Sopris Learning (“VSL”) is committed to partnering with school districts to overcome obstacles that students, teachers, and school leaders face every day. The suite of instructional and service solutions that VSL provides are not only research based, but also evidence based—proven to increase student achievement and educator effectiveness. VSL solutions have been fully tested in the classroom, ensuring that they are easy to implement and teacher friendly. They are innovative, both in overall instructional approach and in the strategic use of technology in blended and 100% online solutions, and they are supported by an unparalleled commitment to build local capacity for sustained success. With a comprehensive suite of instructional resources, VSL provides assessments, professional development and school-improvement services, literacy and math instructional tools—both comprehensive intervention and supplemental—and resources to build a positive school climate. VSL’s products include the work of world-renowned researchers and education leaders.
	Learning A-Z:
	Learning A-Z is a preK-6 educational resource company specializing in online delivery of leveled readers and other supplementary curriculum. Founded in 2002 to help teachers differentiate instruction and meet the unique needs of all students, Learning A-Z’s resources are currently used in over two thirds of the elementary schools in the United States and in 177 countries worldwide. In addition to general classroom use, Learning A-Z serves a wide range of student need, including English Language Learners, Response to Intervention, Special Education, and more. Learning A-Z’s value proposition focuses on three key things:
	·	Saving teachers time, giving them all the resources they need, all online, all accessible at the click of a mouse
	·	Saving teachers money, delivering thousands of resources for a fraction of the cost of print and other online providers
	·	Supporting student achievement through differentiated instruction, ensuring the right high-quality resources for every PreK-6 student
	Winner of more than 15 industry awards in 2013 alone, Learning A-Z’s subscription-based websites provide online supplemental books, lessons, assessments, and other instructional resources for individual classrooms, schools, and districts. These solutions include: Reading A-Z, Raz-Kids, Science A-Z, Writing A-Z, Vocabulary A-Z, Headsprout Early Reading and Headsprout Comprehension.
	ExploreLearning:
	ExploreLearning develops online solutions to improve student learning in math and science. ExploreLearning currently has two products: Gizmos, the world’s largest library of interactive, online simulations for math and science in grades 3-12; and Reflex, a powerful solution available for math fact fluency development. Gizmos and Reflex bring research-proven instructional strategies to classrooms around the world.
	Kurzweil/IntelliTools:
	The Kurzweil/IntelliTools reporting segment includes the Kurzweil Educational Systems and IntelliTools product lines.
	Kurzweil Educational Systems is recognized as the leading developer of literacy software for people with learning differences such as dyslexia, attention deficit disorder, and those who are English Language Learners as well as those who are blind or visually impaired. Kurzweil provides complete reading, study skills, writing, and test taking support for students. For over 30 years the company has been driven by the vision to serve the needs of struggling learners to enable them to reach their full potential. We offer products that bring the power and pleasure of reading and learning to the lives of users, striving to enhance learning and expand literacy. Kurzweil Educational Systems is committed to providing research-based solutions that help educators raise the achievement levels of preK–12 students as well as adult learning communities.
	IntelliTools offers hardware products that target students with physical, visual and cognitive disabilities that make using a standard keyboard and mouse difficult. IntelliTools also offers software products that target elementary and middle school special education students struggling with reading and math.
	On April 17, 2014, the Company completed a sale of the IntelliTools product line.
	Other:
	This consists of unallocated shared services, such as accounting, legal, human resources and corporate related items. Depreciation and amortization expense, interest income and expense, other income and expense, and income taxes are also included in Other, as the Company and its chief operating decision maker evaluate the performance of operating segments excluding these captions.
	The following table represents the revenues, operating expenses, income (loss) from operations, and capital expenditures which are used by the Company’s chief operating decision maker to measure the segment’s operating performance. The Company does not track assets directly by segment and the chief operating decision maker does not use assets to measure a segment’s operating performance, and therefore this information is not presented.
	(in thousands)	Voyager			Learning		ExploreLearning		Kurzweil/		Other			Consolidated
		Sopris			A-Z				IntelliTools
		Learning
	Quarter ended March 31, 2014
	Net revenues	$	14,311		$	10,181	$	4,474	$	2,114	$	—		$	31,080
	Cost of revenues		7,409			422		740		440		—			9,011
	Amortization		—			—		—		—		4,080			4,080
	Total cost of revenues		7,409			422		740		440		4,080			13,091
	Other operating expenses		6,583			4,404		2,704		1,216		3,798			18,705
	Depreciation and amortization		—			—		—		—		1,064			1,064
	Net interest expense		—			—		—		—		4,738			4,738
	Loss on extinguishment of debt		—			—		—		—		213			213
	Other income, net		—			—		—		—		(215	)		(215	)
	Income tax expense		—			—		—		—		71			71
	Segment net income (loss)	$	319		$	5,355	$	1,030	$	458	$	(13,749	)	$	(6,587	)
	Capital expenditures	$	1,480		$	1,444	$	341	$	135	$	586		$	3,986
	(in thousands)	Voyager			Learning		ExploreLearning		Kurzweil/		Other			Consolidated
		Sopris			A-Z				IntelliTools
		Learning
	Quarter ended March 31, 2013
	Net revenues	$	17,463		$	7,620	$	3,751	$	2,595	$	—		$	31,429
	Cost of revenues		10,054			253		487		597		12			11,403
	Amortization		—			—		—		—		3,707			3,707
	Total cost of revenues		10,054			253		487		597		3,719			15,110
	Other operating expenses		7,836			3,077		2,137		1,130		5,576			19,756
	Depreciation and amortization		—			—		—		—		1,216			1,216
	Net interest expense		—			—		—		—		4,576			4,576
	Other income, net		—			—		—		—		(219	)		(219	)
	Income tax expense		—			—		—		—		68			68
	Segment net income (loss)	$	(427	)	$	4,290	$	1,127	$	868	$	(14,936	)	$	(9,078	)
	Capital expenditures	$	1,690		$	1,077	$	322	$	72	$	631		$	3,792
	The capital expenditures disclosed for each segment represent development expenses, primarily developed curriculum and capitalized software.  The capital expenditures disclosed for Other represent general capital expenditures that benefit the entire Company such as back-office systems, computer equipment or office furniture.

Related_Parties

Related Parties	3 Months Ended
	Mar. 31, 2014
Related Parties	'
	Note 15 — Related Parties
	As previously disclosed, the Company is party to a consulting fee agreement with VSS entitling VSS to the following fees: (i) a fee equal to 1% of the gross proceeds of any debt or equity financing by the Company, and (ii) a fee equal to 1% of the enterprise value of any entities acquired or disposed of by the Company.  During the first quarter of 2014, the Company accrued forty thousand dollars under this agreement as a result of the Headsprout acquisition.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events	'
	Note 16 — Subsequent Events
	On April 17, 2014, the Company completed a sale of the IntelliTools product line for $0.8 million.  Any recognized gain or loss on the transaction is not expected to be significant.
	In April 2014, the Company repurchased an additional $5.0 million aggregate principal amount of Notes for $5.1 million, plus accrued and unpaid interest.

StockBased_Compensation_and_Ex1

Stock-Based Compensation and Expense (Tables)	3 Months Ended
	Mar. 31, 2014
Stock-Based Compensation and Expense	'
	The stock-based compensation and expense recorded was allocated as follows:
		Three Months Ended March 31,
	(in thousands)	2014			2013
	Cost of revenues	$	9		$	12
	Research and development expense		22			28
	Sales and marketing expense		24			22
	General and administrative expense		57			167
	Total	$	112		$	229
Black-Scholes Option-Pricing Assumptions Used to Estimate Fair Value of Stock Awards	'
	The following assumptions were used in the Black-Scholes option-pricing model to estimate the fair value of the awards granted during the three month period ended March 31, 2014:
		Three Months Ended
		31-Mar-14
	Expected stock volatility		63.9	%
	Risk-free interest rate	1.91% - 2.05		%
	Expected years until exercise		6.25
	Dividend yield		0	%
Schedule of Outstanding Stock Options	'
	The following tables detail changes in the Company’s outstanding stock options during the three month period ended March 31, 2014.
			Three Months Ended March 31, 2014
	Grant Date		Beginning Outstanding			Granted		Cancelled/Forfeited		Ending Outstanding
	27-Jan-10			5,000			—		—		5,000
	21-Nov-11			79,158			—		79,158		—
	14-May-12			10,198			—		10,198		—
	30-Jul-13			2,187,344			—		22,344		2,165,000
	19-Sep-13			30,000			—		—		30,000
	28-Oct-13			40,000			—		—		40,000
	18-Nov-13			15,000			—		—		15,000
	14-Mar-14			—			554,000		—		554,000
	26-Mar-14			—			35,000		—		35,000
	Total			2,366,700			589,000		111,700		2,844,000

Net_Loss_per_Common_Share_Tabl

Net Loss per Common Share (Tables)	3 Months Ended
	Mar. 31, 2014
Reconciliation of the Basic and Diluted Net Loss per Common Share	'
	A reconciliation of the weighted-average number of common shares and equivalents outstanding used in the calculation of basic and diluted net loss per common share is shown in the table below for the periods indicated:
		Three Months Ended March 31,
	(in thousands)	2014		2013
	Basic		45,685		47,397
	Dilutive effect of awards		—		—
	Diluted		45,685		47,397
	Antidilutive securities:
	Options		2,844		3,160
	Warrants		—		282
	Restricted stock		1		3

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2014
Assets and Liabilities Measured at Fair Value on a Recurring Basis	'
	Assets and liabilities measured at fair value on a recurring basis are as follows:
	(in thousands)			Fair Value at Reporting Date Using
	Description	As of		Quoted Prices			Significant		Significant
		31-Mar-14		in Active			Other		Unobservable
				Markets for			Observable		Inputs
				Identical			Inputs		(Level 3)
				Assets			(Level 2)
				(Level 1)
	Restricted Assets:
	Money Market	$	6,509	$	6,509		$	—	$	—
	Collateral Investments:
	Money Market		904		904			—		—
	Certificate of Deposit		3,199		3,199			—		—
	(in thousands)			Fair Value at Reporting Date Using
	Description	As of		Quoted Prices			Significant		Significant
		31-Dec-13		in Active			Other		Unobservable
				Markets for			Observable		Inputs
				Identical			Inputs		(Level 3)
				Assets			(Level 2)
				(Level 1)
	Restricted Assets:
	Money Market	$	6,835	$	6,835		$	—	$	—
	Collateral Investments:
	Money Market		903		903			—		—
	Certificate of Deposit		1,068		1,068			—		—
	(in thousands)	Total Gains (Losses) for the
		Three Months Ended March 31,
	Description	2014		2013
	Restricted Assets:
	Money Market	$	—	$	—
	Collateral Investments:
	Money Market		—		—
	Certificate of Deposit		—		—
	Warrant		—		22
	Assets held for sale:
	Recovered Properties		—		—
	CVRs		—		(55	)
Assets and Liabilities Measured at Fair Value on a Non-recurring Basis	'
	Assets and liabilities measured at fair value on a non-recurring basis are listed below at their carrying values as of each reporting date:
	(in thousands)			Value at Reporting Date Using
	Description	As of		Quoted Prices			Significant		Significant
		31-Mar-14		in Active			Other		Unobservable
				Markets for			Observable		Inputs
				Identical			Inputs		(Level 3)
				Assets			(Level 2)
				(Level 1)
	Goodwill	$	47,842	$	—		$	—	$	47,842
	Property, equipment and software		20,196		—			—		20,196
	Pre-publication costs, net		14,115		—			—		14,115
	Acquired curriculum and technology		7,811		—			—		7,811
	intangibles, net
	Acquired publishing rights, net		4,219		—			—		4,219
	Other intangible assets, net		5,870		—			—		5,870
	(in thousands)			Value at Reporting Date Using
	Description	As of		Quoted Prices			Significant		Significant
		31-Dec-13		in Active			Other		Unobservable
				Markets for			Observable		Inputs
				Identical			Inputs		(Level 3)
				Assets			(Level 2)
				(Level 1)
	Goodwill	$	47,842	$	—		$	—	$	47,842
	Property, equipment and software		20,315		—			—		20,315
	Pre-publication costs, net		13,401		—			—		13,401
	Acquired curriculum and technology		8,719		—			—		8,719
	intangibles, net
	Acquired publishing rights, net		4,705		—			—		4,705
	Other intangible assets, net		6,251		—			—		6,251
	(in thousands)	Total Gains (Losses) for the
		Three Months Ended March 31,
	Description	2014		2013
	Goodwill	$	—	$	—
	Property, equipment and software		—		—
	Pre-publication costs, net		—		—
	Acquired curriculum and technology intangibles, net		—		—
	Acquired publishing rights, net		—		—
	Other intangible assets, net		—		—

Other_Current_Assets_Tables

Other Current Assets (Tables)	3 Months Ended
	Mar. 31, 2014
Other Current Assets	'
	Other current assets at March 31, 2014 and December 31, 2013 consisted of the following:
		As of
	(in thousands)	March 31,		December 31,
		2014		2013
	Deferred costs	$	4,081	$	4,968
	Prepaid expenses		2,387		1,369
	Deferred taxes		536		536
	Other current assets		171		—
	Total	$	7,175	$	6,873

Other_Assets_Tables

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2014
Other Assets	'
	Other assets at March 31, 2014 and December 31, 2013 consisted of the following:
		As of
	(in thousands)	March 31,		December 31,
		2014		2013
	Collateral investments	$	4,103	$	1,971
	Deferred financing costs		3,929		4,541
	Other		2,094		1,776
	Total	$	10,126	$	8,288

Accrued_Expenses_Table

Accrued Expenses (Table)	3 Months Ended
	Mar. 31, 2014
Accrued Expenses	'
	Accrued expenses at March 31, 2014 and December 31, 2013 consisted of the following:
		As of
	(in thousands)	March 31,		December 31,
		2014		2013
	Salaries, bonuses and benefits	$	5,576	$	9,687
	Accrued interest		2,108		6,471
	Pension and post-retirement medical benefits		1,172		1,214
	Accrued royalties		976		1,649
	Headsprout acquisition accrual		—		3,600
	Other		2,487		2,658
	Total	$	12,319	$	25,279

Other_Liabilities_Tables

Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2014
Other Liabilities	'
	Other liabilities at March 31, 2014 and December 31, 2013 consisted of the following:
		As of
	(in thousands)	March 31,		December 31,
		2014		2013
	Pension and post-retirement medical benefits, long-term	$	10,059	$	10,241
	portion
	Deferred rent		1,161		1,201
	Long-term income tax payable		914		902
	Long-term deferred tax liability		570		570
	Long-term deferred compensation		472		491
	Headsprout acquisition accrual		400		400
	Other		150		149
	Total	$	13,726	$	13,954

LongTerm_Debt_Tables

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Long-Term Debt	'
	Long-term debt consists of the following at March 31, 2014 and December 31, 2013:
	(in thousands)	March 31,			December 31,
		2014			2013
	9.75% senior secured notes due February 15, 2017, interest payable semiannually	$	173,000		$	175,000
	Less: Unamortized discount		(464	)		(509	)
	Total long-term debt	$	172,536		$	174,491

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2014
Revenue, Operating Expenses and Income (Loss) from Operations	'
	The following table represents the revenues, operating expenses, income (loss) from operations, and capital expenditures which are used by the Company’s chief operating decision maker to measure the segment’s operating performance. The Company does not track assets directly by segment and the chief operating decision maker does not use assets to measure a segment’s operating performance, and therefore this information is not presented.
	(in thousands)	Voyager			Learning		ExploreLearning		Kurzweil/		Other			Consolidated
		Sopris			A-Z				IntelliTools
		Learning
	Quarter ended March 31, 2014
	Net revenues	$	14,311		$	10,181	$	4,474	$	2,114	$	—		$	31,080
	Cost of revenues		7,409			422		740		440		—			9,011
	Amortization		—			—		—		—		4,080			4,080
	Total cost of revenues		7,409			422		740		440		4,080			13,091
	Other operating expenses		6,583			4,404		2,704		1,216		3,798			18,705
	Depreciation and amortization		—			—		—		—		1,064			1,064
	Net interest expense		—			—		—		—		4,738			4,738
	Loss on extinguishment of debt		—			—		—		—		213			213
	Other income, net		—			—		—		—		(215	)		(215	)
	Income tax expense		—			—		—		—		71			71
	Segment net income (loss)	$	319		$	5,355	$	1,030	$	458	$	(13,749	)	$	(6,587	)
	Capital expenditures	$	1,480		$	1,444	$	341	$	135	$	586		$	3,986
	(in thousands)	Voyager			Learning		ExploreLearning		Kurzweil/		Other			Consolidated
		Sopris			A-Z				IntelliTools
		Learning
	Quarter ended March 31, 2013
	Net revenues	$	17,463		$	7,620	$	3,751	$	2,595	$	—		$	31,429
	Cost of revenues		10,054			253		487		597		12			11,403
	Amortization		—			—		—		—		3,707			3,707
	Total cost of revenues		10,054			253		487		597		3,719			15,110
	Other operating expenses		7,836			3,077		2,137		1,130		5,576			19,756
	Depreciation and amortization		—			—		—		—		1,216			1,216
	Net interest expense		—			—		—		—		4,576			4,576
	Other income, net		—			—		—		—		(219	)		(219	)
	Income tax expense		—			—		—		—		68			68
	Segment net income (loss)	$	(427	)	$	4,290	$	1,127	$	868	$	(14,936	)	$	(9,078	)
	Capital expenditures	$	1,690		$	1,077	$	322	$	72	$	631		$	3,792

Basis_of_Presentation_Details_

Basis of Presentation (Details Textual)	3 Months Ended
	Mar. 31, 2014
	Segment
	Brands
Basis of Presentation (Textual) [Abstract]	'
Number of industry leading brands	4
Number of reportable business segments	4
Technology Education Business 1	'
Basis of Presentation (Textual) [Abstract]	'
Company's industry leading brands	'Learning AbZ
Technology Education Business 2	'
Basis of Presentation (Textual) [Abstract]	'
Company's industry leading brands	'ExploreLearning
Technology Education Business 3	'
Basis of Presentation (Textual) [Abstract]	'
Company's industry leading brands	'Kurzweil Educational Systems
Technology Education Business 4	'
Basis of Presentation (Textual) [Abstract]	'
Company's industry leading brands	'Voyager Sopris Learning

Accounts_Receivable_Details

Accounts Receivable (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Accounts Receivable (Textual) [Abstract]	'	'
Allowance for doubtful accounts and estimated sales returns	$0.70	$0.70

StockBased_Compensation_and_Ex2

Stock-Based Compensation and Expense (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Expense for stock based compensation	'	'
Stock-based compensation expense	$112	$229
Cost of Revenues	'	'
Expense for stock based compensation	'	'
Stock-based compensation expense	9	12
Research and Development Expense	'	'
Expense for stock based compensation	'	'
Stock-based compensation expense	22	28
Sales and Marketing Expense	'	'
Expense for stock based compensation	'	'
Stock-based compensation expense	24	22
General and Administrative Expense	'	'
Expense for stock based compensation	'	'
Stock-based compensation expense	$57	$167

StockBased_Compensation_and_Ex3

Stock-Based Compensation and Expense (Details Textual) (USD $)	1 Months Ended		3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 26, 2014	Mar. 14, 2014	Mar. 31, 2014
Stock-Based Compensation and Expense (Additional Textual) [Abstract]	'	'	'
Granted, Shares	35,000	554,000	589,000
Options, Net of forfeitures	$0.10	$0.70	'
Exercise price per option	$2.06	$2.14	'
Share based award spread over vesting period	'4 years	'4 years	'
Term of options	'10 years	'10 years	'
Restricted Stock	'	'	'
Stock-Based Compensation and Expense (Additional Textual) [Abstract]	'	'	'
Related restrictions lapsed on restricted common stock	'	'	1,000

StockBased_Compensation_and_Ex4

Stock-Based Compensation and Expense (Details 1)	3 Months Ended
	Mar. 31, 2014
Black-Scholes option-pricing assumptions used to estimate fair value of stock awards	'
Expected stock volatility	63.90%
Expected years until exercise	'6 years 3 months
Dividend yield	0.00%
Minimum	'
Black-Scholes option-pricing assumptions used to estimate fair value of stock awards	'
Risk-free interest rate	1.91%
Maximum	'
Black-Scholes option-pricing assumptions used to estimate fair value of stock awards	'
Risk-free interest rate	2.05%

StockBased_Compensation_and_Ex5

Stock-Based Compensation and Expense (Details 2)

1 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

Mar. 26, 2014

Mar. 14, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

27-Jan-10

27-Jan-10

21-Nov-11

14-May-12

30-Jul-13

19-Sep-13

19-Sep-13

28-Oct-13

28-Oct-13

18-Nov-13

18-Nov-13

14-Mar-14

26-Mar-14

Disclosure Stock Based Compensation And Expense Details1 [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Beginning Outstanding

'

'

2,366,700

5,000

5,000

79,158

10,198

2,187,344

30,000

30,000

40,000

40,000

15,000

15,000

'

'

Granted

35,000

554,000

589,000

'

'

'

'

'

'

'

'

'

'

'

554,000

35,000

Cancelled/Forfeited

'

'

111,700

'

'

79,158

10,198

22,344

'

'

'

'

'

'

'

'

Ending Outstanding

'

'

2,844,000

5,000

5,000

'

'

2,165,000

30,000

30,000

40,000

40,000

15,000

15,000

554,000

35,000

Net_Loss_per_Common_Share_Deta

Net Loss per Common Share (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]	'	'
Basic	45,685	47,397
Dilutive effect of awards	'	'
Diluted	45,685	47,397
Options	'	'
Antidilutive securities:	'	'
Options	2,844	3,160
Warrants	'	'
Antidilutive securities:	'	'
Options	0	282
Restricted Stock	'	'
Antidilutive securities:	'	'
Options	1	3

Net_Income_Loss_per_Common_Sha

Net Income (Loss) per Common Share (Details Textual) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]	'
Common Stock Repurchased, Shares	167,961
Common Stock Repurchased, Value	$0.30
Common Stock Repurchase Authorization, Value	$0.30

Fair_Value_Measurements_Detail

Fair Value Measurements (Details Textual) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Jun. 30, 2011	Sep. 30, 2010
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'
Cash and cash equivalents	$41,239,000	$67,993,000	'	$31,149,000	$51,904,000	'	'
Restricted assets	6,509,000	6,835,000	'	'	'	'	'
Collateral investments	4,103,000	1,971,000	'	'	'	'	'
Long-term debt	172,536,000	174,491,000	'	'	'	'	'
Payment to Holder of CVRs	'	'	7,700,000	'	'	2,000,000	1,100,000
Michigan taxing authority label	'	'	'	'	'	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'
Payment to Holder of CVRs	'	'	5,800,000	'	'	'	'
Tax indemnity obligation	'	'	'	'	'	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'
Restricted assets	'	'	3,000,000	'	'	'	'
Payment to Holder of CVRs	'	'	1,900,000	'	'	'	'
Potential tax indemnity obligation	'	'	'	'	'	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'
Restricted assets	'	'	1,100,000	'	'	'	'
Fair Value Measurements	'	'	'	'	'	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'
Fair value of senior secured notes	$175,400,000	'	'	'	'	'	'

Fair_Value_Measurements_Detail1

Fair Value Measurements (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2013

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

In Thousands, unless otherwise specified

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair value recurring

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Quoted Prices in Active Markets for Identical Assets (Level 1)

Quoted Prices in Active Markets for Identical Assets (Level 1)

Quoted Prices in Active Markets for Identical Assets (Level 1)

Quoted Prices in Active Markets for Identical Assets (Level 1)

Total Gains (Losses)

Total Gains (Losses)

Total Gains (Losses)

Total Gains (Losses)

Total Gains (Losses)

Total Gains (Losses)

Warrants

Money Market

Money Market

Certificate of Deposit

Certificate of Deposit

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Fair Value Measurements

Money Market

Money Market

Certificate of Deposit

Certificate of Deposit

Money Market

Money Market

Certificate of Deposit

Certificate of Deposit

Assets and liabilities measured at fair value on a recurring basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted assets

$6,509

$6,835

'

'

$6,509

$6,835

'

'

$6,509

$6,835

'

'

'

'

'

'

'

'

Collateral investments

4,103

1,971

'

'

904

903

3,199

1,068

904

903

3,199

1,068

'

'

'

'

'

'

Warrant

'

'

'

22

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assets held for sale: Recovered properties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

CVRs

'

'

($55)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair_Value_Measurements_Detail2

Fair Value Measurements (Details 1) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
In Thousands, unless otherwise specified			Fair Value Measurements	Fair Value Measurements	Fair Value Measurements	Fair Value Measurements	Fair Value Measurements	Fair Value Measurements
			Fair Value, Measurements, Nonrecurring	Fair Value, Measurements, Nonrecurring	Significant Unobservable Inputs (Level 3)	Significant Unobservable Inputs (Level 3)	Total Gains (Losses)	Total Gains (Losses)
					Fair Value, Measurements, Nonrecurring	Fair Value, Measurements, Nonrecurring	Fair Value, Measurements, Nonrecurring	Fair Value, Measurements, Nonrecurring
Assets Fair Value Disclosure [Abstract]	'	'	'	'	'	'	'	'
Goodwill	$47,842	$47,842	$47,842	$47,842	$47,842	$47,842	'	'
Property, equipment and software	20,196	20,315	20,196	20,315	20,196	20,315	'	'
Pre-publication costs, net	14,115	13,401	14,115	13,401	14,115	13,401	'	'
Acquired curriculum and technology intangibles, net	7,811	8,719	7,811	8,719	7,811	8,719	'	'
Acquired publishing rights, net	4,219	4,705	4,219	4,705	4,219	4,705	'	'
Other intangible assets, net	$5,870	$6,251	$5,870	$6,251	$5,870	$6,251	'	'

Other_Current_Assets_Details

Other Current Assets (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Deferred costs	$4,081	$4,968
Prepaid expenses	2,387	1,369
Deferred taxes	536	536
Other current assets	171	'
Total	$7,175	$6,873

Other_Assets_Details

Other Assets (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Other assets	'	'
Collateral investments	$4,103	$1,971
Deferred financing costs	3,929	4,541
Other	2,094	1,776
Total	$10,126	$8,288

Other_Assets_Details_Textual

Other Assets (Details Textual) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Other Assets (Textual) [Abstract]	'	'
Senior secured notes percentage	9.75%	'
Collateral investments	$4,103	$1,971
New certificate of deposit	'	'
Other Assets (Textual) [Abstract]	'	'
Collateral investments	$2,100	'

Accrued_Expenses_Details

Accrued Expenses (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accrued expenses	'	'
Salaries, bonuses and benefits	$5,576	$9,687
Accrued interest	2,108	6,471
Pension and post-retirement medical benefits	1,172	1,214
Accrued royalties	976	1,649
Headsprout acquisition accrual	'	3,600
Other	2,487	2,658
Total	$12,319	$25,279

Accrued_Expenses_Details_Textu

Accrued Expenses (Details Textual) (USD $)	3 Months Ended			12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Mar. 31, 2014
				Headsprout	Senior secured notes
Accrued Expenses (Textual) [Abstract]	'	'	'	'	'
Senior secured notes, interest rate	9.75%	'	'	'	9.75%
Acquisition accrual payment	'	'	'	$4,000,000	'
Payments to acquire businesses, net of cash acquired	3,600,000	'	'	3,600,000	'
Headsprout acquisition accrual	$400,000	'	$400,000	$400,000	'

Other_Liabilities_Details

Other Liabilities (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Other liabilities	'	'
Pension and post-retirement medical benefits, long-term portion	$10,059	$10,241
Deferred rent	1,161	1,201
Long-term income tax payable	914	902
Long-term deferred tax liability	570	570
Long-term deferred compensation	472	491
Headsprout acquisition accrual	400	400
Other	150	149
Total	$13,726	$13,954

Pension_Plan_Details_Textual

Pension Plan (Details Textual) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Pension Plan (Textual) [Abstract]	'	'
Net pension costs	$0.10	$0.10

Uncertain_Tax_Positions_Detail

Uncertain Tax Positions (Details Textual) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Unrecognized Tax Benefits [Abstract]	'	'
Unrecognized Tax Benefits	$6.40	$6.40

Commitments_and_Contingencies_

Commitments and Contingencies (Details Textual) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Commitments and Contingencies (Additional Textual) [Abstract]	'
Purchase commitments	0.3
Letters of credit outstanding	2.5
Money market fund investment	0.9
Maximum	'
Commitments and Contingencies (Textual) [Abstract]	'
Term of purchase commitment	'1 year

LongTerm_Debt_Details

Long-Term Debt (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Summary Long-term debt	'	'
Total long-term debt	$172,536	$174,491
Senior secured notes	'	'
Summary Long-term debt	'	'
9.75% senior secured notes due February 15, 2017, interest payable semiannually	173,000	175,000
Less: Unamortized discount	-464	-509
Total long-term debt	$172,536	$174,491

LongTerm_Debt_Details_Textual

Long-Term Debt (Details Textual) (USD $)	3 Months Ended			3 Months Ended					1 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Feb. 28, 2011	Apr. 30, 2014
				Revolving Credit Facility	Revolving Credit Facility	Revolving Credit Facility	Senior secured notes	Senior secured notes	Senior secured notes
				ABL Credit Facility	ABL Credit Facility	ABL Credit Facility			Subsequent Event
					Minimum	Maximum
Long-Term Debt (Additional Textual) [Abstract]	'	'	'	'	'	'	'	'	'
Senior secured notes	'	'	'	'	'	'	'	$175,000,000	'
Senior secured notes, maturity year	'	'	'	'	'	'	'2017	'	'
Unamortized capitalized deferred financing cost	3,900,000	'	4,500,000	'	'	'	'	'	'
Senior secured notes, interest rate	9.75%	'	'	'	'	'	9.75%	'	'
Senior secured notes aggregate principal amount	'	'	'	'	'	'	2,000,000	'	5,000,000
Amount paid for repurchased senior secured notes	'	'	'	'	'	'	2,000,000	'	5,100,000
Loss on extinguishment of debt	213,000	'	'	200,000	'	'	100,000	'	'
Sub-facility for swing line loans	'	'	'	5,000,000	'	'	'	'	'
Sub-facility for letters of credit	'	'	'	5,000,000	'	'	'	'	'
Committed amount required to maintain under financial covenant	'	'	'	8,000,000	'	'	'	'	'
ABL Facility financial covenant	'	'	'	'Excess availability of at least the greater of $8 million and 15% of the revolver	'	'	'	'	'
ABL Credit Parties revolver commitment percentage	'	'	'	15.00%	'	'	'	'	'
Long-Term Debt (Textual) [Abstract]	'	'	'	'	'	'	'	'	'
Asset-based revolving credit facility	'	'	'	$40,000,000	'	'	'	'	'
Unused line fee	'	'	'	'	0.38%	0.50%	'	'	'
Fixed charge coverage ratio	'	'	'	'1.1 to 1.0	'	'	'	'	'

Segment_Reporting_Details_Text

Segment Reporting (Details Textual)	3 Months Ended
	Mar. 31, 2014
	Segment
Segment Reporting (Additional Textual) [Abstract]	'
Number of reportable business segments	4
Operating Segments | Explore Learning	'
Segment Reporting (Textual) [Abstract]	'
Number of Products under Explore Learning	2
Operating Segments | Learning A-Z	'
Segment Reporting (Textual) [Abstract]	'
Number of Countries in which Product is used	177

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenue, operating expenses and income (loss) from operations	'	'
Net revenues	$31,080	$31,429
Cost of revenues	9,011	11,403
Amortization expense	4,080	3,707
Total cost of revenues	13,091	15,110
Other operating expenses	18,705	19,756
Depreciation and amortization expense	1,064	1,216
Net interest expense	4,738	4,576
Loss on extinguishment of debt	-213	'
Other income, net	-215	-219
Income tax expense	71	68
Segment net income (loss)	-6,587	-9,078
Capital expenditures	3,986	3,792
Operating Segments | Voyager Sopris Learning	'	'
Revenue, operating expenses and income (loss) from operations	'	'
Net revenues	14,311	17,463
Cost of revenues	7,409	10,054
Total cost of revenues	7,409	10,054
Other operating expenses	6,583	7,836
Segment net income (loss)	319	-427
Capital expenditures	1,480	1,690
Operating Segments | Learning A-Z	'	'
Revenue, operating expenses and income (loss) from operations	'	'
Net revenues	10,181	7,620
Cost of revenues	422	253
Total cost of revenues	422	253
Other operating expenses	4,404	3,077
Segment net income (loss)	5,355	4,290
Capital expenditures	1,444	1,077
Operating Segments | Explore Learning	'	'
Revenue, operating expenses and income (loss) from operations	'	'
Net revenues	4,474	3,751
Cost of revenues	740	487
Total cost of revenues	740	487
Other operating expenses	2,704	2,137
Segment net income (loss)	1,030	1,127
Capital expenditures	341	322
Operating Segments | Kurzweil/IntelliTools	'	'
Revenue, operating expenses and income (loss) from operations	'	'
Net revenues	2,114	2,595
Cost of revenues	440	597
Total cost of revenues	440	597
Other operating expenses	1,216	1,130
Segment net income (loss)	458	868
Capital expenditures	135	72
Other	'	'
Revenue, operating expenses and income (loss) from operations	'	'
Cost of revenues	'	12
Amortization expense	4,080	3,707
Total cost of revenues	4,080	3,719
Other operating expenses	3,798	5,576
Depreciation and amortization expense	1,064	1,216
Net interest expense	4,738	4,576
Loss on extinguishment of debt	-213	'
Other income, net	-215	-219
Income tax expense	71	68
Segment net income (loss)	-13,749	-14,936
Capital expenditures	$586	$631

Related_Parties_Details_Textua

Related Parties (Details Textual) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Related Party Transactions (Textual) [Abstract]	'
Headsprout acquisition consulting fee	$40
V S S	'
Related Party Transactions (Textual) [Abstract]	'
Percentage of fees equal to debt or equity financing	1.00%
Percentage of fees equal to enterprise value of entities acquired or disposed	1.00%

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (USD $)	3 Months Ended	0 Months Ended	1 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Apr. 17, 2014	Apr. 30, 2014
	Senior secured notes	Subsequent Event	Subsequent Event
			Senior secured notes
Subsequent Event [Line Items]	'	'	'
Sale of IntelliTools product line	'	$0.80	'
Senior secured notes aggregate principal amount	2	'	5
Amount paid for repurchased senior secured notes	$2	'	$5.10