Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	May 07, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	LINCOLN EDUCATIONAL SERVICES CORP
Entity Central Index Key	0001286613
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		25,235,257
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 5,683	$ 17,571
Restricted cash	4,498	16,775
Accounts receivable, less allowance of $16,421 and $15,590 at March 31, 2019 and December 31, 2018, respectively	22,577	18,675
Inventories	1,692	1,451
Prepaid income taxes and income taxes receivable	128	178
Prepaid expenses and other current assets	3,158	2,461
Total current assets	37,736	57,111
PROPERTY, EQUIPMENT AND FACILITIES - At cost, net of accumulated depreciation and amortization of $173,028 and $171,109 at March 31, 2019 and December 31, 2018, respectively	47,776	49,292
OTHER ASSETS:
Noncurrent restricted cash	0	11,600
Noncurrent receivables, less allowance of $1,495 and $1,403 at March 31, 2019 and December 31, 2018, respectively	12,972	12,175
Deferred income taxes, net	424	424
Operating lease right-of-use asset	39,323	0
Goodwill	14,536	14,536
Other assets, net	3,222	900
Total other assets	70,477	39,635
TOTAL	155,989	146,038
CURRENT LIABILITIES:
Current portion of credit agreement	3,635	15,000
Unearned tuition	18,328	22,545
Accounts payable	14,544	14,107
Accrued expenses	11,963	10,605
Current portion of operating lease liability	9,508	0
Other short-term liabilities	1,773	2,324
Total current liabilities	59,751	64,581
NONCURRENT LIABILITIES:
Long-term credit agreement and term loan	20,958	33,769
Pension plan liabilities	4,230	4,271
Long-term portion of operating lease liability	36,352	0
Accrued rent	0	3,410
Other long-term liabilities	111	141
Total liabilities	121,402	106,172
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, no par value - 10,000,000 shares authorized, no shares issued and outstanding at March 31, 2019 and December 31, 2018	0	0
Common stock, no par value - authorized: 100,000,000 shares at March 31, 2019 and December 31, 2018; issued and outstanding: 31,025,668 shares at March 31, 2019 and 30,552,333 shares at December 31, 2018	141,377	141,377
Additional paid-in capital	29,518	29,484
Treasury stock at cost - 5,910,541 shares at March 31, 2019 and December 31, 2018	(82,860)	(82,860)
Accumulated deficit	(49,540)	(44,073)
Accumulated other comprehensive loss	(3,908)	(4,062)
Total stockholders' equity	34,587	39,866
TOTAL	$ 155,989	$ 146,038

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
CURRENT ASSETS:
Accounts receivable, allowance	$ 16,421	$ 15,590
PROPERTY, EQUIPMENT AND FACILITIES - accumulated depreciation and amortization	173,028	171,109
OTHER ASSETS:
Noncurrent receivables, allowance	$ 1,495	$ 1,403
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)	31,025,668	30,552,333
Common stock, shares outstanding (in shares)	31,025,668	30,552,333
Treasury stock, shares (in shares)	5,910,541	5,910,541

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]
REVENUE	$ 63,263	$ 61,889
COSTS AND EXPENSES:
Educational services and facilities	29,980	30,503
Selling, general and administrative	38,146	37,531
Loss on disposition of assets	1	117
Total costs & expenses	68,127	68,151
OPERATING LOSS	(4,864)	(6,262)
OTHER:
Interest income	4	10
Interest expense	(557)	(572)
LOSS BEFORE INCOME TAXES	(5,417)	(6,824)
PROVISION FOR INCOME TAXES	50	50
NET LOSS	$ (5,467)	$ (6,874)
Basic
Net loss per share (in dollars per share)	$ (0.22)	$ (0.28)
Diluted
Net loss per share (in dollars per share)	$ (0.22)	$ (0.28)
Weighted average number of common shares outstanding:
Basic (in shares)	24,534,207	24,137,577
Diluted (in shares)	24,534,207	24,137,577

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) [Abstract]
Net loss	$ (5,467)	$ (6,874)
Other comprehensive income
Employee pension plan adjustments	154	162
Comprehensive loss	$ (5,313)	$ (6,712)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Total
BALANCE at Dec. 31, 2017	$ 141,377	$ 29,334	$ (82,860)	$ (37,528)	$ (4,510)	$ 45,813
BALANCE (in shares) at Dec. 31, 2017	30,624,407
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	$ 0	0	0	(6,874)	0	(6,874)
Employee pension plan adjustments	0	0	0	0	162	162
Stock-based compensation expense
Restricted stock	$ 0	429	0	0	0	429
Restricted stock (in shares)	113,946
Net share settlement for equity-based compensation	$ 0	(311)	0	0	0	(311)
Net share settlement for equity-based compensation (in shares)	(168,254)
BALANCE at Mar. 31, 2018	$ 141,377	29,452	(82,860)	(44,402)	(4,348)	39,219
BALANCE (in shares) at Mar. 31, 2018	30,570,099
BALANCE at Dec. 31, 2018	$ 141,377	29,484	(82,860)	(44,073)	(4,062)	$ 39,866
BALANCE (in shares) at Dec. 31, 2018	30,552,333					30,552,333
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	$ 0	0	0	(5,467)	0	$ (5,467)
Employee pension plan adjustments	0	0	0	0	154	154
Stock-based compensation expense
Restricted stock	$ 0	52	0	0	0	52
Restricted stock (in shares)	478,853
Net share settlement for equity-based compensation	$ 0	(18)	0	0	0	(18)
Net share settlement for equity-based compensation (in shares)	(5,518)
BALANCE at Mar. 31, 2019	$ 141,377	$ 29,518	$ (82,860)	$ (49,540)	$ (3,908)	$ 34,587
BALANCE (in shares) at Mar. 31, 2019	31,025,668					31,025,668

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (5,467)	$ (6,874)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,050	2,100
Amortization of deferred finance charges	95	87
Loss on disposition of assets	1	117
Provision for doubtful accounts	4,626	3,811
Stock-based compensation expense	52	429
Deferred rent	0	(276)
(Increase) decrease in assets:
Accounts receivable	(9,325)	(7,823)
Inventories	(241)	(253)
Prepaid income taxes and income taxes receivable	50	67
Prepaid expenses and current assets	(697)	(467)
Other assets, net	(289)	(45)
Increase (decrease) in liabilities:
Accounts payable	582	2,980
Accrued expenses	2,326	(95)
Unearned tuition	(4,217)	(3,757)
Other liabilities	(468)	(43)
Total adjustments	(5,455)	(3,168)
Net cash used in operating activities	(10,922)	(10,042)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(639)	(476)
Proceeds from sale of property and equipment	0	8
Net cash used in investing activities	(639)	(468)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on borrowings	(26,600)	(32,800)
Proceeds from borrowings	2,500	2,500
Payment of deferred finance fees	(86)	(80)
Net share settlement for equity-based compensation	(18)	(311)
Net cash used in financing activities	(24,204)	(30,691)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(35,765)	(41,201)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH-Beginning of period	45,946	54,554
CASH, CASH EQUIVALENTS AND RESTRICTED CASH-End of period	10,181	13,353
Cash paid for:
Interest	518	421
Income taxes	0	1
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Liabilities accrued for or noncash purchases of fixed assets	$ 110	$ 128

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2019

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”, “we”, “our” and “us”, as applicable) provide diversified career-oriented post-secondary education to recent high school graduates and working adults. The Company, which currently operates 22 schools in 14 states, offers programs in automotive technology, skilled trades (which include HVAC, welding and computerized numerical control and electrical and electronic systems technology, among other programs), healthcare services (which include nursing, dental assistant, medical administrative assistant, among other programs), hospitality services (which include culinary, therapeutic massage, cosmetology and aesthetics) and information technology programs. The schools operate under Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, and Euphoria Institute of Beauty Arts and Sciences and associated brand names. Most of the campuses serve major metropolitan markets and each typically offers courses in multiple areas of study. Five of the campuses are destination schools, which attract students from across the United States and, in some cases, from abroad. The Company’s other campuses primarily attract students from their local communities and surrounding areas. All of the campuses are nationally or regionally accredited and are eligible to participate in federal financial aid programs managed by the U.S. Department of Education (the “DOE”) and applicable state education agencies and accrediting commissions, which allow students to apply for and access federal student loans as well as other forms of financial aid.

The Company’s business is organized into three reportable business segments: (a) Transportation and Skilled Trades, (b) Healthcare and Other Professions (“HOPS”), and (c) Transitional, which refers to businesses that have been or are currently being taught out.

On July 9, 2018, New England Institute of Technology at Palm Beach, Inc. (“NEIT”), a wholly-owned subsidiary of the Company, entered into a commercial contract (the “Sale Agreement”) with Elite Property Enterprise, LLC, pursuant to which NEIT agreed to sell to Elite Property Enterprise, LLC the real property owned by NEIT located at 1126 53rd Court North, Mangonia Park, Palm Beach County, Florida and the improvements and certain personal property located thereon (the “Mangonia Park Property”), for a cash purchase price of $2,550,000. On August 23, 2018, NEIT, consummated the sale of the Mangonia Park Property. At the closing, NEIT paid a real estate brokerage fee equal to 5% of the gross sales price and other customary closing costs and expenses. Pursuant to the provisions of the Company’s Credit Agreement with its lender, Sterling National Bank, the net cash proceeds of the sale of the Mangonia Park Property were deposited into an account with the lender to serve as additional security for loans and other financial accommodations provided to the Company and its subsidiaries under the credit facility. In December 2018, the funds were used to repay the outstanding principal balance of the loans outstanding under the credit facility and such repayment permanently reduced the loan outstanding under the credit facility designated as Facility 1 under the Company’s Credit Agreement to a $22.7 million term loan.

Effective December 31, 2018, the Company completed the teach-out and ceased operation of its Lincoln College of New England (“LCNE”) campus at Southington, Connecticut. The decision to close the LCNE campus followed the previously reported placement of LCNE on probation by the college’s institutional accreditor, the New England Association of Schools and Colleges (“NEASC”). After evaluating alternative options, the Company concluded that teaching out and closing the campus was in the best interest of the Company and its students. Subsequent to formalizing the LCNE closure decision in August 2018, the Company partnered with Goodwin College, another NEASC- accredited institution in the region, to assist LCNE students to complete their programs of study. The majority of the LCNE students will continue their education at Goodwin College thereby limiting some of the Company’s closing costs. The revenue, net loss and ending population of LCNE, as of December 31, 2017, were $8.4 million, $1.6 million and 397 students, respectively. The Company recorded closing costs associated with the closure of the LCNE campus in 2018 of approximately $1.6 million in connection with the termination of the LCNE campus lease, which is the net present value of the remaining obligation, to be paid in equal monthly installments through January 2020 and approximately $0.7 million of severance payments. LCNE results, previously reported in the HOPS segment, were included in the Transitional segment as of December 31, 2018.

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 discouraged potential students from enrolling in post-secondary schools. In light of these factors, the Company has incurred significant operating losses as a result of lower student population. Despite these challenges, the Company believes that its likely sources of cash should be sufficient to fund operations for the next twelve months and thereafter for the foreseeable future. At March 31, 2019, the Company’s sources of cash primarily included cash and cash equivalents of $10.2 million (of which $4.5 million is restricted). The Company is also continuing to take actions to improve cash flow by aligning its cost structure to its student population.

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 (“SEC”) 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, 2018 consolidated financial statements and related disclosures of the Company included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, 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, 2019 are not necessarily indicative of the results that may be expected for the full fiscal year ending December 31, 2019.

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, impairments, fixed assets, discount rate for lease liabilities, income taxes, benefit plans and certain accruals. Actual results could materially differ from those estimates.

New Accounting Pronouncements – In August 2018, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2018-14, “Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.” This ASU adds, modifies and clarifies several disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. This guidance is effective for fiscal years ending after December 15, 2020. Early adoption is permitted. We are currently assessing the effect that this ASU will have on our consolidated financial statements and related disclosures.

In August 2018, the FASB issued ASU No. 2018-13, “Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement”, which eliminates, adds and modifies certain fair value measurement disclosure requirements of Accounting Standards Codification 820, Fair Value Measurement. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted. The adoption of ASU No. 2018-13 is not expected to have a material impact on the Company’s consolidated financial statements.

In June 2018, FASB issued ASU No. 2018-07, “Improvements to Nonemployee Share-Based Payment Accounting,” intended to reduce cost and complexity and to improve financial reporting for share-based payments issued to nonemployees. This ASU expands the scope of Topic 718, “Compensation - Stock Compensation”, to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost. The Company adopted ASU No. 2018-07 on January 1, 2019. The adoption of the standard did not have a material impact on the Company’s consolidated financial statements.

In February 2018, the FASB issued ASU 2018-02, “Income Statement-Reporting Comprehensive Income (Topic 220)”. The updated guidance allows entities to reclassify stranded income tax effects resulting from the Tax Cuts and Jobs Act (the “Tax Act”) from accumulated other comprehensive income to retained earnings in their consolidated financial statements. Under the Tax Act, deferred taxes were adjusted to reflect the reduction of the historical corporate income tax rate to the newly enacted corporate income tax rate, which left the tax effects on items within accumulated other comprehensive income stranded at an inappropriate tax rate. The updated guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those years. Early adoption is permitted in any interim period and should be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act is recognized. The Company adopted ASU No. 2018-02 on January 1, 2019 and it did not have a material impact on the Company’s consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02, “Leases.” This guidance amends the existing accounting considerations and treatments for leases through the creation of Topic 842, Leases, to increase transparency and comparability among organizations by requiring the recognition of right-of-use (“ROU”) assets and lease liabilities on the balance sheet. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from such leases.

In July 2018, FASB issued ASU No. 2018-10, “Codification Improvements to Topic 842, Leases” to further clarify, correct and consolidate various areas previously discussed in ASU 2016-02. FASB also issued ASU No. 2018-11, “Leases: Targeted Improvements” to provide entities another option for transition and lessors with a practical expedient. The transition option allows entities to not apply ASU No. 2016-02 in comparative periods in the financial statements in the year of adoption. The practical expedient offers lessors an option to not separate non-lease components from the associated lease components when certain criteria are met.

The amendments in ASU No. 2016-02, ASU No. 2018-10 and ASU No. 2018-11 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, and allow for modified retrospective adoption with early adoption permitted. The Company adopted the amendments on January 1, 2019 using the modified retrospective approach and elected the transition relief package of practical expedients by applying previous accounting conclusions under ASC 840 to all leases that existed prior to the transition date. As a result, the Company did not reassess (1) whether existing or expired contracts contain leases, (2) lease classification for any existing or expired leases or (3) whether lease origination costs qualified as initial direct costs. The Company did not elect the practical expedient to use hindsight in determining a lease term and impairment of the right-of-use (“ROU”) assets at the adoption date. The Company did not separate lease components from non-lease components for the specified asset classes. The election applies to all operating leases where fixed rent payments incorporate common area maintenance. For leases where the election does not apply, the common area maintenance is billed by the landlord separately. Additionally, the Company did not apply the recognition requirements under ASC 842 to short-term leases, generally defined as leases with terms of less than one year. The Company has operating leases for its corporate office and schools. The Company does not have any finance leases.

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 ASC Topic 740, “Income Taxes”. This statement requires an asset and a 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 our 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, our 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 our 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 our income tax provision to vary significantly among financial reporting periods.

During the three months ended March 31, 2019 and 2018, the Company did not recognize any interest and penalties expense associated with uncertain tax positions.

WEIGHTED AVERAGE COMMON SHARES

3 Months Ended

Mar. 31, 2019

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 months ended March 31, 2019 and 2018 was as follows:

	Three Months Ended March 31,
	2019		2018
Basic shares outstanding		24,534,207		24,137,577
Dilutive effect of stock options		-		-
Diluted shares outstanding		24,534,207		24,137,577

For the three months ended March 31, 2019 and 2018, options to acquire 175,675 and 127,973 shares were excluded from the above table because the Company reported a net loss for each period and, therefore, their impact on reported loss per share would have been antidilutive. For the three months ended March 31, 2019 and 2018, options to acquire 139,000 and 147,667 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.

REVENUE RECOGNITION

3 Months Ended

Mar. 31, 2019

REVENUE RECOGNITION [Abstract]

REVENUE RECOGNITION

3.	REVENUE RECOGNITION

Substantially all of our revenues are considered to be revenues from contracts with students. The related accounts receivable balances are recorded in our balance sheets as student accounts receivable. We do not have significant revenue recognized from performance obligations that were satisfied in prior periods, and we do not have any transaction price allocated to unsatisfied performance obligations other than in our unearned tuition. We record revenue for students who withdraw from one of our schools only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur. Unearned tuition represents contract liabilities primarily related to our tuition revenue. We have elected not to provide disclosure about transaction prices allocated to unsatisfied performance obligations if contract durations are less than one-year, or if we have the right to consideration from a student in an amount that corresponds directly with the value provided to the student for performance obligations completed to date. We have assessed the costs incurred to obtain a contract with a student and determined them to be immaterial.

Unearned tuition in the amount of $18.3 million and $22.5 million is recorded in the current liabilities section of the accompanying condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018, respectively. The change in the contract liability balance during the period ended March 31, 2019 is the result of payments received in advance of satisfying performance obligations, offset by revenue recognized during that period. Revenue recognized for the three month period ended March 31, 2019 that was included in the contract liability balance at the beginning of the year was $19.1 million.

The following table depicts the timing of revenue recognition:

Three months ended March 31, 2019	Transportation and Skilled Trades Segment		Healthcare and Other Professions Segment		Transitional Segment		Consolidated
Timing of Revenue Recognition
Services transferred at a point in time	$	2,081	$	1,075	$	-	$	3,156
Services transferred over time		42,244		17,863		-		60,107
Total revenues	$	44,325	$	18,938	$	-	$	63,263

Three months ended March 31, 2018	Transportation and Skilled Trades Segment		Healthcare and Other Professions Segment		Transitional Segment		Consolidated
Timing of Revenue Recognition
Services transferred at a point in time	$	2,048	$	732	$	3	$	2,783
Services transferred over time		40,699		16,009		2,398		59,106
Total revenues	$	42,747	$	16,741	$	2,401	$	61,889

LEASES

3 Months Ended

Mar. 31, 2019

LEASES [Abstract]

LEASES

The Company determines if an arrangement is a lease at inception. The Company considers any contract where there is an identified asset and that it has the right to control the use of such asset in determining whether the contract contains a lease. An operating lease ROU asset represents the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are to be recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s operating leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available on the adoption date in determining the present value of lease payments. We estimate the incremental borrowing rate based on a yield curve analysis, utilizing the interest rate derived from the fair value analysis of our Credit Facility and adjusting it for factors that appropriately reflect the profile of secured borrowing over the expected term of the lease. The operating lease ROU assets include any lease payments made prior to the rent commencement date and exclude lease incentives. Our leases have remaining lease terms of one year to 11 years, some of which include options to extend the lease term for up to five years. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments are recognized on a straight-line basis over the lease term for operating leases.

The following table present the cumulative effect of the changes made to the condensed consolidated balance sheets as of January 1, 2019, as a result of the adoption of ASC 842:

	December 31, 2018		Adjustments due to ASC 842			January 1, 2019

Operating lease right-of-use asset	$	-	$	37,993		$	37,993
Current portion of operating lease liability	$	-	$	8,999		$	8,999
Other short-term liabilities	$	968	$	(968	)	$	-
Long-term portion of operating lease liability	$	-	$	33,372		$	33,372
Accrued rent	$	3,410	$	(3,410	)	$	-

Our operating lease cost for the three months ended March 31, 2019 was $3.6 million.

Supplemental cash flow information and non-cash activity related to our operating leases are as follows:

	For the Three Months Ended March 31, 2019
Operating cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	3,782
Non-cash activity:
Lease liabilities arising from obtaining right-of-use assets*	$	47,977

* Includes a new lease entered into on January 1, 2019 of $5.606 million.

Weighted-average remaining lease term and discount rate for our operating leases are as follows:

	Three Months Ended March 31, 2019
Weighted-average remaining lease term	5.79 years
Weighted-average discount rate		14.45	%

Maturities of lease liabilities by fiscal year for our operating leases are as follows:

Year ending December 31,
2019 (excluding the three months ended March 31, 2019)	$	11,621
2020		14,087
2021		10,664
2022		8,180
2023		5,811
2024		4,460
Thereafter		13,150
Total lease payments		67,973
Less: imputed interest		(22,113	)
Present value of lease liabilities	$	45,860

As of December 31, 2018, minimum lease payments under non-cancelable operating leases by period were expected to be as follows:

2019	$	16,939
2020		14,183
2021		10,708
2022		8,180
2023		5,811
Thereafter		17,610
	$	73,431

GOODWILL AND LONG-LIVED ASSETS

3 Months Ended

Mar. 31, 2019

GOODWILL AND LONG-LIVED ASSETS [Abstract]

GOODWILL AND LONG-LIVED ASSETS

5.	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 were no long-lived asset impairments during the three months ended March 31, 2019 and 2018.

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, 2019 and 2018, 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, 2019 and 2018 is as follows:

	Gross Goodwill Balance		Accumulated Impairment Losses			Net Goodwill Balance
Balance as of January 1, 2019	$	117,176	$	(102,640	)	$	14,536
Adjustments		-		-			-
Balance as of March 31, 2019	$	117,176	$	(102,640	)	$	14,536

	Gross Goodwill Balance		Accumulated Impairment Losses			Net Goodwill Balance
Balance as of January 1, 2018	$	117,176	$	(102,640	)	$	14,536
Adjustments		-		-			-
Balance as of March 31, 2018	$	117,176	$	(102,640	)	$	14,536

As of March 31, 2019 and 2018, the goodwill balance is related to the Transportation and Skilled Trades segment.

LONG-TERM DEBT

3 Months Ended

Mar. 31, 2019

LONG-TERM DEBT [Abstract]

LONG-TERM DEBT

6.	LONG-TERM DEBT

Long-term debt consist of the following:

	March 31, 2019			December 31, 2018
Credit agreement and term loan	$	25,201		$	49,301
Deferred Financing Fees		(608	)		(532	)
		24,593			48,769
Less current maturities		(3,635	)		(15,000	)
	$	20,958		$	33,769

On March 31, 2017, the Company obtained a secured credit facility (the “Credit Facility”) from Sterling National Bank (the “Bank”) pursuant to a Credit Agreement dated March 31, 2017 among the Company, the Company’s subsidiaries and the Bank, which was subsequently amended on November 29, 2017, February 23, 2018, July 11, 2018 and, most recently, on March 6, 2019 (as amended, the “Credit Agreement”). Prior to the most recent amendment of the Credit Agreement (the “Fourth Amendment”), the financial accommodations available to the Borrowers under the Credit Agreement consisted of (a) a $25 million revolving loan facility designated as “Facility 1”, (b) a $25 million revolving loan facility (including a sublimit amount for letters of credit of $10 million) designated as “Facility 2” and (c) a $15 million revolving credit loan designated as “Facility 3”.

Pursuant to the terms of the Fourth Amendment and upon its effectiveness, Facility 1 was converted into a term loan (the “Term Loan”) in the original principal amount of $22.7 million (such amount being the entire unpaid principal and accrued interest outstanding under Facility 1 as of the effective date of the Fourth Amendment), which matures on March 31, 2024 (the “Term Loan Maturity Date”). The Term Loan is being repaid in monthly installments as follows: (a) on April 1, 2019 and on the same day of each month thereafter through and including June 30, 2019, accrued interest only; (b) on July 1, 2019 and on the same day of each month thereafter through and including December 31, 2019, the principal amount of $0.2 million plus accrued interest; (c) on January 1, 2020 and on the same day of each month thereafter through and including June 30, 2020, accrued interest only; (d) on July 1, 2020 and on the same day of each month thereafter through and including December 31, 2020, the principal amount of $0.6 million plus accrued interest; (e) on January 1, 2021 and on the same day of each month thereafter through and including June 30, 2021, accrued interest only; (f) on July 1, 2021 and on the same day of each month thereafter through and including December 31, 2021, the principal amount of $0.4 million plus accrued interest; (g) on January 1, 2022 and on the same day of each month thereafter through and including June 30, 2022, accrued interest only; (h) on July 1, 2022 and on the same day of each month thereafter through and including December 31, 2022, the principal amount of $0.4 million plus accrued interest; (i) on January 1, 2023 and on the same day of each month thereafter through and including June 30, 2023, accrued interest only; (j) on July 1, 2023 and on the same day of each month thereafter through and including December 31, 2023, the principal amount of $0.4 million plus accrued interest; (k) on January 1, 2024 and on the same day of each month thereafter through and including the Term Loan Maturity Date, accrued interest only; and (l) on the Term Loan Maturity Date, the remaining outstanding principal amount of the Term Loan, together with accrued interest, will be due and payable. In the event of a sale of any campus, school or business of the Borrowers permitted under the Credit Agreement, 25% of the net proceeds of any such sale must be used to pay down the outstanding principal amount of the Term Loan in inverse order of maturity.

The maturity date of Facility 2 is April 30, 2020. The maturity date of Facility 3 is May 31, 2019.

Under the terms of the Credit Agreement, all draws under Facility 2 for letters of credit or revolving loans and all draws under Facility 3 must be secured by cash collateral in an amount equal to 100% of the aggregate stated amount of the letters of credit issued and revolving loans outstanding through the proceeds of the Term Loan or other available cash of the Company. Notwithstanding such requirement, pursuant to the terms of the Fourth Amendment, a $2.5 million revolving loan was advanced under Facility 2 at the closing of the Fourth Amendment on March 6, 2019 without any requirement for cash collateral and, in the Bank’s sole discretion, an additional $2.5 million of revolving loans may be advanced under Facility 2 without any requirement for cash collateral, consisting of (a) a $1.25 million revolving loan within 15 days after the Bank’s receipt of the Company’s financial statements for the fiscal quarter ending March 31, 2019 and (b) a $1.25 million revolving loan within 15 days after the Bank’s receipt of the Company’s financial statements for the fiscal quarter ending June 30, 2019. The $2.5 million revolving loan advanced under Facility 2 at the closing of the Fourth Amendment and the additional $2.5 million of revolving loans that may be advanced under Facility 2 in the discretion of the Bank, in each case without any requirement for cash collateral, must be repaid on November 1, 2019 and, prior to their repayment, the Borrowers are required to make monthly payments of accrued interest only on such revolving loans.

The Term Loan bears interest at a rate per annum equal to the greater of (x) the Bank’s prime rate plus 2.85% and (y) 6.00%. Revolving loans advanced under Facility 2 that are cash collateralized will bear interest at a rate per annum equal to the greater of (x) the Bank’s prime rate and (y) 3.50%. Pursuant to the Fourth Amendment, revolving loans advanced under Facility 2 that are not secured by cash collateral will bear interest at a rate per annum equal to the greater of (x) the Bank’s prime rate plus 2.85% and (y) 6.00%. Revolving loans under Facility 3 bear interest at a rate per annum equal to the greater of (x) the Bank’s prime rate and (y) 3.50%.

The Bank is entitled to receive an unused facility fee on the average daily unused balance of Facility 2 at a rate per annum equal to 0.50%, which fee is payable quarterly in arrears.

In the event the Bank’s prime rate is greater than or equal to 6.50% while any loans are outstanding, the Borrowers may be required to enter into a hedging contract in form and content satisfactory to the Bank.

The Borrowers are required to give the Bank the first opportunity to provide any and all traditional banking services required by the Borrowers, including, but not limited to, treasury management, loans and other financing services, on terms mutually acceptable to the Borrowers and the Bank, in accordance with the terms set forth in the Fourth Amendment. In the event that loans provided under the Credit Agreement are repaid through replacement financing, the Borrowers must pay to the Bank an exit fee in an amount equal to 1.25% of the total amount repaid and the face amount of all letters of credit replaced in connection with the replacement financing; provided, however, that no exit fee will be required in the event the Bank or the Bank’s affiliate arranges or provides the replacement financing or the payoff of the applicable loans occurs after March 5, 2021.

In connection with the effectiveness of the Fourth Amendment, the Borrowers paid to the Bank a one-time modification fee in the amount of $50,000.

Pursuant to the Credit Agreement, in December 2018, the net proceeds of the sale of the Mangonia Park Property, which were held in a non-interest bearing cash collateral account at and by the Bank as additional collateral for the loans outstanding under the Credit Agreement, were applied to the outstanding principal balance of revolving loans outstanding under Facility 1 and, as a result of such repayment, the loan availability under Facility 1 was permanently reduced to a $22.7 million term loan.

The Credit Facility is secured by a first priority lien in favor of the Bank on substantially all of the personal property owned by the Company and mortgages on four parcels of real property owned by the Company in Colorado, Tennessee and Texas, at which three of the Company’s schools are located, as well as a former school property owned by the Company located in Connecticut.

At the closing of the Credit Facility, the Company drew $25 million under Facility 1, which was used to repay the Company’s previous credit facility and to pay transaction costs associated with closing the Credit Facility.

Each issuance of a letter of credit under Facility 2 will require the payment of a letter of credit fee to the Bank equal to a rate per annum of 1.75% on the daily amount available to be drawn under the letter of credit, which fee shall be payable in quarterly installments in arrears. Letters of credit totaling $6.2 million that were outstanding under a $9.5 million letter of credit facility previously provided to the Company by the Bank, which letter of credit facility was set to mature on April 1, 2017, are treated as letters of credit under Facility 2.

The terms of the Credit Agreement require the Company to maintain, on deposit in one or more non-interest bearing accounts, a minimum of $5 million in quarterly average aggregate balances, which, if not maintained, results in a fee of $12,500 payable to the Bank for that quarter.

In addition to the foregoing, the Credit Agreement contains customary representations, warranties and affirmative and negative covenants. The Credit Agreement also contains events of default customary for facilities of this type. As of March 31, 2019, the Company is in compliance with all covenants, including financial covenants that (i) restrict capital expenditures tested on a fiscal year end basis; (ii) prohibit the incurrence of a net loss commencing on December 31, 2019; and (iii) require a minimum adjusted EBITDA tested quarterly on a rolling twelve month basis. The Fourth Amendment (i) modifies the minimum adjusted EBITDA required; (ii) eliminates the requirement for a minimum funded debt to adjusted EBITDA ratio; and (iii) requires the maintenance of a maximum funded debt to adjusted EBITDA ratio tested quarterly on a rolling twelve month basis.

As of March 31, 2019, the Company had $25.2 million outstanding under the Credit Facility; offset by $0.6 million of deferred finance fees. As of December 31, 2018, the Company had $49.3 million outstanding under the Credit Facility, offset by $0.5 million of deferred finance fees, which were written-off. As of March 31, 2019 and December 31, 2018, letters of credit in the aggregate outstanding principal amount of $4.5 million and $1.8 million, respectively, were outstanding under the Credit Facility.

Scheduled maturities of long-term debt including the short-term portion at March 31, 2019 are as follows:

Year ending December 31,
2019	$	3,635
2020		3,405
2021		2,270
2022		2,270
2023		2,270
Thereafter		11,351
	$	25,201

STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2019

STOCKHOLDERS' EQUITY [Abstract]

STOCKHOLDERS' EQUITY

7.	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 receive 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 February 28, 2019, restricted shares were granted to certain employees of the Company, which shares ratably vest over three years. There is no restriction on the right to vote or the right to receive dividends with respect to any of such 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. There is no restriction on the right to vote or the right to receive dividends with respect to any of such restricted shares.

For the three months ended March 31, 2019 and 2018, the Company completed a net share settlement for 5,518 and 168,254 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 employees during 2019 and/or 2018, creating taxable income for the employees. 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 and $0.3 million for each of the three months ended March 31, 2019 and 2018, respectively, to equity on the condensed 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, 2018		35,908		$	2.23
Granted		478,853			3.17
Canceled		-			-
Vested		(14,286	)		2.80

Nonvested restricted stock outstanding at March 31, 2019		500,475			3.11

The restricted stock expense for each of the three months ended March 31, 2019 and 2018 was $0.1 million and $0.4 million, respectively. The unrecognized restricted stock expense as of March 31, 2019 and December 31, 2018 was $1.5 million and $0.1 million, respectively. As of March 31, 2019, 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 Average Remaining Contractual Term	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2018		139,000	$	12.14	2.53 years	$	-
Granted/Canceled/Vested		-		-			-

Outstanding at March 31, 2019		139,000		12.14	2.29 years		-

Vested as of March 31, 2019		139,000		12.14	2.29 years		-

Exercisable as of March 31, 2019		139,000		12.14	2.29 years		-

As of March 31, 2019, there was no unrecognized pre-tax compensation expense.

The following table presents a summary of stock options outstanding:

	At March 31, 2019
	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		91,000		2.92	$	7.79		91,000	$	7.79
$14.00-$19.99		17,000		0.59		19.98		17,000		19.98
$20.00-$25.00		31,000		1.35		20.62		31,000		20.62

		139,000		2.29		12.14		139,000		12.14

INCOME TAXES

3 Months Ended

Mar. 31, 2019

INCOME TAXES [Abstract]

INCOME TAXES

8.	INCOME TAXES

The provision for income taxes for the three months ended March 31, 2019 and 2018 was less than $0.1 million, or 0.9% of pretax loss, and less than $0.1 million, or 0.7% of pretax loss, respectively.

The Company assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to recover the existing deferred tax assets. In this regard, a significant 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 full valuation allowance on its net deferred tax assets as of March 31, 2019.

CONTINGENCIES

3 Months Ended

Mar. 31, 2019

CONTINGENCIES [Abstract]

CONTINGENCIES

9.	CONTINGENCIES

In the ordinary conduct of its business, the Company is subject to certain 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.

In connection with the foregoing, as previously reported, on July 6, 2018, the Company received an administrative subpoena from the Office of the Attorney General of the State of New Jersey (“NJ OAG”). Pursuant to the subpoena, the NJ OAG requested certain documents and detailed information relating to the November 21, 2012 Civil Investigative Demand letter addressed to the Company by the Massachusetts Office of the Attorney General (“MOAG”) that resulted in a previously reported Final Judgment by Consent between the Company and the MOAG dated July 13, 2015. The Company responded to this request and, by letter dated April 11, 2019, the NJ OAG issued a supplemental subpoena requesting additional information for the time period from April 11, 2014 to the present. The Company is preparing its response and continuing to cooperate with the NJ OAG.

Also, on February 12, 2019, the Company received a notification from the State of Colorado Department of Law (“CDOL”) advising that it was initiating a compliance examination of one of its subsidiaries, Lincoln Technical Institute, Inc. The examination seeks to review a fixed number of company transactions. The Company is preparing its response and cooperating with the CDOL.

SEGMENTS

3 Months Ended

Mar. 31, 2019

SEGMENTS [Abstract]

SEGMENTS

10.

SEGMENTS

The for-profit education industry has been impacted by numerous regulatory changes, a changing economy and an onslaught of negative media attention. As a result of these challenges, student populations have declined and operating costs have increased. Over the past few years, the Company has closed over ten locations and exited its online business. In 2017, the Company completed the teach-out of its Center City Philadelphia, Pennsylvania; Northeast Philadelphia, Pennsylvania; West Palm Beach, Florida; Brockton, Massachusetts; and Lowell, Massachusetts schools. All of these schools were previously included in our HOPS segment and as of December 31, 2017, they have all been closed.

In August 2018, the Company decided to cease operations, effective December 31, 2018, of its Lincoln College of New England (“LCNE”) campus at Southington, Connecticut. LCNE results, which was previously reported in the HOPS segment, is now included in the Transitional segment for all periods presented. The Company completed the teach-out and exited the LCNE campus on December 31, 2018.

In the past, we offered any combination of programs at any campus. We have shifted our focus to program offerings that create greater differentiation among campuses and promote attainment of excellence to attract more students and gain market share. Also, strategically, we began offering continuing education training to select employers who hire our graduates and this is best achieved at campuses focused on the applicable profession.

As a result of the regulatory environment, market forces and our strategic decisions, we now operate our business in three reportable segments: (a) the Transportation and Skilled Trades segment; (b) the Healthcare and Other Professions segment; and (c) the Transitional segment. Our reportable segments have been determined based on a method by which we now evaluate performance and allocate resources. Each reportable segment represents a group of post-secondary 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. Our operating segments are described below.

Transportation and Skilled Trades – The Transportation and Skilled Trades segment 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 – The Healthcare and Other Professions segment 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 – The Transitional segment refers to campuses that are being taught-out and closed and operations that are being phased out. The schools in the Transitional segment employ a gradual teach-out process that enables the schools to continue to operate to allow their current students to complete their course of study. These schools are no longer enrolling new students.

The Company continually evaluates each campus for profitability, earning potential, and customer satisfaction. This evaluation takes several factors into consideration, including the campus’s geographic location and program offerings, as well as skillsets required of our students by their potential employers. The purpose of this evaluation is to ensure that our programs provide our students with the best possible opportunity to succeed in the marketplace with the goals of attracting more students to our programs and, ultimately, to provide our shareholders with the maximum return on their investment. Campuses in the Transitional segment have been subject to this process and have been strategically identified for closure.

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 Income (Loss)
	2019		% of Total			2018		% of Total			2019			2018
Transportation and Skilled Trades	$	44,325		70.1	%	$	42,747		69.1	%	$	1,817		$	675
Healthcare and Other Professions		18,938		29.9	%		16,741		27.1	%		972			374
Transitional		-		0.0	%		2,401		3.9	%		-			(131	)
Corporate		-		0.0	%		-		0.0	%		(7,653	)		(7,180	)
Total	$	63,263		100.0	%	$	61,889		100.0	%	$	(4,864	)	$	(6,262	)

	Total Assets
	March 31, 2019		December 31, 2018
Transportation and Skilled Trades	$	110,715	$	92,070
Healthcare and Other Professions		27,848		14,078
Transitional		-		527
Corporate		17,426		39,363
Total	$	155,989	$	146,038

FAIR VALUE

3 Months Ended

Mar. 31, 2019

FAIR VALUE [Abstract]

FAIR VALUE

11.	FAIR VALUE

The carrying amount and estimated fair value of the Company’s financial instrument assets and liabilities, which are not measured at fair value on the Condensed Consolidated Balance Sheet, are listed in the table below:

	March 31, 2019
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Financial Assets:
Cash and cash equivalents	$	5,683	$	5,683	$	-	$	-	$	5,683
Restricted cash		4,498		4,498		-		-		4,498
Prepaid expenses and other current assets		3,158		-		3,158		-		3,158

Financial Liabilities:
Accrued expenses	$	11,963	$	-	$	11,963	$	-	$	11,963
Other short term liabilities		1,773		-		1,773		-		1,773
Credit facility and term loan		24,593		-		24,593		-		24,593

We estimate that the carrying value of the Credit Facility approximates the fair value due to the fact that the Credit Facility was amended in close proximity to March 31, 2019.

The carrying amounts reported on the Consolidated Balance Sheets for Cash and cash equivalents, Restricted cash and Noncurrent restricted cash approximate fair value because they are highly liquid.

The carrying amounts reported on the Consolidated Balance Sheets for Prepaid expenses and other current assets, Accrued expenses and Other short term liabilities approximate fair value due to the short-term nature of these items.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

RELATED PARTY

3 Months Ended

Mar. 31, 2019

RELATED PARTY [Abstract]

RELATED PARTY

12.	RELATED PARTY

The Company has an agreement with MATCO Tools whereby MATCO provides the Company, on an advance commission basis, credits in MATCO branded tools, tool storage, equipment, and diagnostics products. The chief executive officer of the parent Company of MATCO is considered an immediate family member of one of the Company’s board members. The amount of the Company’s purchases from this third party was $0.6 million for the three months ended March 31, 2019. Management believes that its agreement with MATCO is an arm’s length transaction and on similar terms as would have been obtained from unaffiliated third parties.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Business Activities	Business Activities— Lincoln Educational Services Corporation and its subsidiaries (collectively, the “Company”, “we”, “our” and “us”, as applicable) provide diversified career-oriented post-secondary education to recent high school graduates and working adults. The Company, which currently operates 22 schools in 14 states, offers programs in automotive technology, skilled trades (which include HVAC, welding and computerized numerical control and electrical and electronic systems technology, among other programs), healthcare services (which include nursing, dental assistant, medical administrative assistant, among other programs), hospitality services (which include culinary, therapeutic massage, cosmetology and aesthetics) and information technology programs. The schools operate under Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, and Euphoria Institute of Beauty Arts and Sciences and associated brand names. Most of the campuses serve major metropolitan markets and each typically offers courses in multiple areas of study. Five of the campuses are destination schools, which attract students from across the United States and, in some cases, from abroad. The Company’s other campuses primarily attract students from their local communities and surrounding areas. All of the campuses are nationally or regionally accredited and are eligible to participate in federal financial aid programs managed by the U.S. Department of Education (the “DOE”) and applicable state education agencies and accrediting commissions, which allow students to apply for and access federal student loans as well as other forms of financial aid. The Company’s business is organized into three reportable business segments: (a) Transportation and Skilled Trades, (b) Healthcare and Other Professions (“HOPS”), and (c) Transitional, which refers to businesses that have been or are currently being taught out. On July 9, 2018, New England Institute of Technology at Palm Beach, Inc. (“NEIT”), a wholly-owned subsidiary of the Company, entered into a commercial contract (the “Sale Agreement”) with Elite Property Enterprise, LLC, pursuant to which NEIT agreed to sell to Elite Property Enterprise, LLC the real property owned by NEIT located at 1126 53rd Court North, Mangonia Park, Palm Beach County, Florida and the improvements and certain personal property located thereon (the “Mangonia Park Property”), for a cash purchase price of $2,550,000. On August 23, 2018, NEIT, consummated the sale of the Mangonia Park Property. At the closing, NEIT paid a real estate brokerage fee equal to 5% of the gross sales price and other customary closing costs and expenses. Pursuant to the provisions of the Company’s Credit Agreement with its lender, Sterling National Bank, the net cash proceeds of the sale of the Mangonia Park Property were deposited into an account with the lender to serve as additional security for loans and other financial accommodations provided to the Company and its subsidiaries under the credit facility. In December 2018, the funds were used to repay the outstanding principal balance of the loans outstanding under the credit facility and such repayment permanently reduced the loan outstanding under the credit facility designated as Facility 1 under the Company’s Credit Agreement to a $22.7 million term loan. Effective December 31, 2018, the Company completed the teach-out and ceased operation of its Lincoln College of New England (“LCNE”) campus at Southington, Connecticut. The decision to close the LCNE campus followed the previously reported placement of LCNE on probation by the college’s institutional accreditor, the New England Association of Schools and Colleges (“NEASC”). After evaluating alternative options, the Company concluded that teaching out and closing the campus was in the best interest of the Company and its students. Subsequent to formalizing the LCNE closure decision in August 2018, the Company partnered with Goodwin College, another NEASC- accredited institution in the region, to assist LCNE students to complete their programs of study. The majority of the LCNE students will continue their education at Goodwin College thereby limiting some of the Company’s closing costs. The revenue, net loss and ending population of LCNE, as of December 31, 2017, were $8.4 million, $1.6 million and 397 students, respectively. The Company recorded closing costs associated with the closure of the LCNE campus in 2018 of approximately $1.6 million in connection with the termination of the LCNE campus lease, which is the net present value of the remaining obligation, to be paid in equal monthly installments through January 2020 and approximately $0.7 million of severance payments. LCNE results, previously reported in the HOPS segment, were included in the Transitional segment as of December 31, 2018.
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 discouraged potential students from enrolling in post-secondary schools. In light of these factors, the Company has incurred significant operating losses as a result of lower student population. Despite these challenges, the Company believes that its likely sources of cash should be sufficient to fund operations for the next twelve months and thereafter for the foreseeable future. At March 31, 2019, the Company’s sources of cash primarily included cash and cash equivalents of $10.2 million (of which $4.5 million is restricted). The Company is also continuing to take actions to improve cash flow by aligning its cost structure to its student population.
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 (“SEC”) 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, 2018 consolidated financial statements and related disclosures of the Company included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, 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, 2019 are not necessarily indicative of the results that may be expected for the full fiscal year ending December 31, 2019. 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, impairments, fixed assets, discount rate for lease liabilities, income taxes, benefit plans and certain accruals. Actual results could materially differ from those estimates.
New Accounting Pronouncements	New Accounting Pronouncements – In August 2018, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2018-14, “Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.” This ASU adds, modifies and clarifies several disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. This guidance is effective for fiscal years ending after December 15, 2020. Early adoption is permitted. We are currently assessing the effect that this ASU will have on our consolidated financial statements and related disclosures. In August 2018, the FASB issued ASU No. 2018-13, “Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement”, which eliminates, adds and modifies certain fair value measurement disclosure requirements of Accounting Standards Codification 820, Fair Value Measurement. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted. The adoption of ASU No. 2018-13 is not expected to have a material impact on the Company’s consolidated financial statements. In June 2018, FASB issued ASU No. 2018-07, “Improvements to Nonemployee Share-Based Payment Accounting,” intended to reduce cost and complexity and to improve financial reporting for share-based payments issued to nonemployees. This ASU expands the scope of Topic 718, “Compensation - Stock Compensation”, to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost. The Company adopted ASU No. 2018-07 on January 1, 2019. The adoption of the standard did not have a material impact on the Company’s consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, “Income Statement-Reporting Comprehensive Income (Topic 220)”. The updated guidance allows entities to reclassify stranded income tax effects resulting from the Tax Cuts and Jobs Act (the “Tax Act”) from accumulated other comprehensive income to retained earnings in their consolidated financial statements. Under the Tax Act, deferred taxes were adjusted to reflect the reduction of the historical corporate income tax rate to the newly enacted corporate income tax rate, which left the tax effects on items within accumulated other comprehensive income stranded at an inappropriate tax rate. The updated guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those years. Early adoption is permitted in any interim period and should be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act is recognized. The Company adopted ASU No. 2018-02 on January 1, 2019 and it did not have a material impact on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases.” This guidance amends the existing accounting considerations and treatments for leases through the creation of Topic 842, Leases, to increase transparency and comparability among organizations by requiring the recognition of right-of-use (“ROU”) assets and lease liabilities on the balance sheet. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from such leases. In July 2018, FASB issued ASU No. 2018-10, “Codification Improvements to Topic 842, Leases” to further clarify, correct and consolidate various areas previously discussed in ASU 2016-02. FASB also issued ASU No. 2018-11, “Leases: Targeted Improvements” to provide entities another option for transition and lessors with a practical expedient. The transition option allows entities to not apply ASU No. 2016-02 in comparative periods in the financial statements in the year of adoption. The practical expedient offers lessors an option to not separate non-lease components from the associated lease components when certain criteria are met. The amendments in ASU No. 2016-02, ASU No. 2018-10 and ASU No. 2018-11 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, and allow for modified retrospective adoption with early adoption permitted. The Company adopted the amendments on January 1, 2019 using the modified retrospective approach and elected the transition relief package of practical expedients by applying previous accounting conclusions under ASC 840 to all leases that existed prior to the transition date. As a result, the Company did not reassess (1) whether existing or expired contracts contain leases, (2) lease classification for any existing or expired leases or (3) whether lease origination costs qualified as initial direct costs. The Company did not elect the practical expedient to use hindsight in determining a lease term and impairment of the right-of-use (“ROU”) assets at the adoption date. The Company did not separate lease components from non-lease components for the specified asset classes. The election applies to all operating leases where fixed rent payments incorporate common area maintenance. For leases where the election does not apply, the common area maintenance is billed by the landlord separately. Additionally, the Company did not apply the recognition requirements under ASC 842 to short-term leases, generally defined as leases with terms of less than one year. The Company has operating leases for its corporate office and schools. The Company does not have any finance leases.
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 ASC Topic 740, “Income Taxes”. This statement requires an asset and a 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 our 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, our 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 our 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 our income tax provision to vary significantly among financial reporting periods. During the three months ended March 31, 2019 and 2018, the Company did not recognize any interest and penalties expense associated with uncertain tax positions.

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References + Details

REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2019

REVENUE RECOGNITION [Abstract]

Depicts Timing of Revenue Recognition

The following table depicts the timing of revenue recognition:

Three months ended March 31, 2019	Transportation and Skilled Trades Segment		Healthcare and Other Professions Segment		Transitional Segment		Consolidated
Timing of Revenue Recognition
Services transferred at a point in time	$	2,081	$	1,075	$	-	$	3,156
Services transferred over time		42,244		17,863		-		60,107
Total revenues	$	44,325	$	18,938	$	-	$	63,263

Three months ended March 31, 2018	Transportation and Skilled Trades Segment		Healthcare and Other Professions Segment		Transitional Segment		Consolidated
Timing of Revenue Recognition
Services transferred at a point in time	$	2,048	$	732	$	3	$	2,783
Services transferred over time		40,699		16,009		2,398		59,106
Total revenues	$	42,747	$	16,741	$	2,401	$	61,889

LEASES (Tables)

3 Months Ended

Mar. 31, 2019

LEASES [Abstract]

Cumulative Effect of Changes Made to Condensed Consolidated Balance Sheet

The following table present the cumulative effect of the changes made to the condensed consolidated balance sheets as of January 1, 2019, as a result of the adoption of ASC 842:

	December 31, 2018		Adjustments due to ASC 842			January 1, 2019

Operating lease right-of-use asset	$	-	$	37,993		$	37,993
Current portion of operating lease liability	$	-	$	8,999		$	8,999
Other short-term liabilities	$	968	$	(968	)	$	-
Long-term portion of operating lease liability	$	-	$	33,372		$	33,372
Accrued rent	$	3,410	$	(3,410	)	$	-

Supplemental Cash Flow Information and Non-cash Activity Related to Operating Leases

Supplemental cash flow information and non-cash activity related to our operating leases are as follows:

	For the Three Months Ended March 31, 2019
Operating cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	3,782
Non-cash activity:
Lease liabilities arising from obtaining right-of-use assets*	$	47,977

* Includes a new lease entered into on January 1, 2019 of $5.606 million.

Weighted Average Remaining Lease Term and Discount Rate

Weighted-average remaining lease term and discount rate for our operating leases are as follows:

	Three Months Ended March 31, 2019
Weighted-average remaining lease term	5.79 years
Weighted-average discount rate		14.45	%

Maturities of Lease Liabilities

Maturities of lease liabilities by fiscal year for our operating leases are as follows:

Year ending December 31,
2019 (excluding the three months ended March 31, 2019)	$	11,621
2020		14,087
2021		10,664
2022		8,180
2023		5,811
2024		4,460
Thereafter		13,150
Total lease payments		67,973
Less: imputed interest		(22,113	)
Present value of lease liabilities	$	45,860

Minimum Lease Payments under Non-cancellable Operating Lease

As of December 31, 2018, minimum lease payments under non-cancelable operating leases by period were expected to be as follows:

2019	$	16,939
2020		14,183
2021		10,708
2022		8,180
2023		5,811
Thereafter		17,610
	$	73,431

GOODWILL AND LONG-LIVED ASSETS (Tables)

3 Months Ended

Mar. 31, 2019

GOODWILL AND LONG-LIVED ASSETS [Abstract]

Changes in Carrying Amount of Goodwill

The carrying amount of goodwill at March 31, 2019 and 2018 is as follows:

	Gross Goodwill Balance		Accumulated Impairment Losses			Net Goodwill Balance
Balance as of January 1, 2019	$	117,176	$	(102,640	)	$	14,536
Adjustments		-		-			-
Balance as of March 31, 2019	$	117,176	$	(102,640	)	$	14,536

	Gross Goodwill Balance		Accumulated Impairment Losses			Net Goodwill Balance
Balance as of January 1, 2018	$	117,176	$	(102,640	)	$	14,536
Adjustments		-		-			-
Balance as of March 31, 2018	$	117,176	$	(102,640	)	$	14,536

LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2019

LONG-TERM DEBT [Abstract]

Long-term Debt

Long-term debt consist of the following:

	March 31, 2019			December 31, 2018
Credit agreement and term loan	$	25,201		$	49,301
Deferred Financing Fees		(608	)		(532	)
		24,593			48,769
Less current maturities		(3,635	)		(15,000	)
	$	20,958		$	33,769

Maturities of Long-term Debt

Scheduled maturities of long-term debt including the short-term portion at March 31, 2019 are as follows:

Year ending December 31,
2019	$	3,635
2020		3,405
2021		2,270
2022		2,270
2023		2,270
Thereafter		11,351
	$	25,201

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2019

STOCKHOLDERS' EQUITY [Abstract]

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, 2018		35,908		$	2.23
Granted		478,853			3.17
Canceled		-			-
Vested		(14,286	)		2.80

Nonvested restricted stock outstanding at March 31, 2019		500,475			3.11

Transactions Pertaining to Option Plans

The following is a summary of transactions pertaining to stock options:

	Shares		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2018		139,000	$	12.14	2.53 years	$	-
Granted/Canceled/Vested		-		-			-

Outstanding at March 31, 2019		139,000		12.14	2.29 years		-

Vested as of March 31, 2019		139,000		12.14	2.29 years		-

Exercisable as of March 31, 2019		139,000		12.14	2.29 years		-

Options Outstanding

The following table presents a summary of stock options outstanding:

	At March 31, 2019
	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		91,000		2.92	$	7.79		91,000	$	7.79
$14.00-$19.99		17,000		0.59		19.98		17,000		19.98
$20.00-$25.00		31,000		1.35		20.62		31,000		20.62

		139,000		2.29		12.14		139,000		12.14

SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2019

SEGMENTS [Abstract]

Financial Information by Reporting Segment

Summary financial information by reporting segment is as follows:

	For the Three Months Ended March 31,
	Revenue										Operating Income (Loss)
	2019		% of Total			2018		% of Total			2019			2018
Transportation and Skilled Trades	$	44,325		70.1	%	$	42,747		69.1	%	$	1,817		$	675
Healthcare and Other Professions		18,938		29.9	%		16,741		27.1	%		972			374
Transitional		-		0.0	%		2,401		3.9	%		-			(131	)
Corporate		-		0.0	%		-		0.0	%		(7,653	)		(7,180	)
Total	$	63,263		100.0	%	$	61,889		100.0	%	$	(4,864	)	$	(6,262	)

	Total Assets
	March 31, 2019		December 31, 2018
Transportation and Skilled Trades	$	110,715	$	92,070
Healthcare and Other Professions		27,848		14,078
Transitional		-		527
Corporate		17,426		39,363
Total	$	155,989	$	146,038

FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2019

FAIR VALUE [Abstract]

Fair Value, by Balance Sheet Grouping

	March 31, 2019
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Financial Assets:
Cash and cash equivalents	$	5,683	$	5,683	$	-	$	-	$	5,683
Restricted cash		4,498		4,498		-		-		4,498
Prepaid expenses and other current assets		3,158		-		3,158		-		3,158

Financial Liabilities:
Accrued expenses	$	11,963	$	-	$	11,963	$	-	$	11,963
Other short term liabilities		1,773		-		1,773		-		1,773
Credit facility and term loan		24,593		-		24,593		-		24,593

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands		3 Months Ended		12 Months Ended
	Jul. 09, 2018 USD ($)	Mar. 31, 2019 USD ($) School State Campus Segment	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($) Population
Business Activities [Abstract]
Number of schools \| School		22
Number of states in which schools operate across the United States \| State		14
Number of campuses treated as destination schools \| Campus		5
Number of reportable segments \| Segment		3
Revenues		$ 63,263	$ 61,889
Net loss		(5,467)	(6,874)
Liquidity [Abstract]
Cash and cash equivalents		10,181	13,353	$ 45,946	$ 54,554
Restricted cash		4,500
Income Taxes [Abstract]
Interest and penalties expense		$ 0	$ 0
Credit Facility 1 [Member]
Business Activities [Abstract]
Line of credit facility, maximum borrowing capacity				22,700
Mangonia Park Property [Member]
Business Activities [Abstract]
Cash purchase price	$ 2,550
Real estate brokerage fee percentage	5.00%
Lincoln College of New England [Member]
Business Activities [Abstract]
Revenues					8,400
Net loss					$ 1,600
Population \| Population					397
Lease termination costs				1,600
Severance payment				$ 700

WEIGHTED AVERAGE COMMON SHARES (Details) - shares	3 Months Ended
WEIGHTED AVERAGE COMMON SHARES (Details) - shares	Mar. 31, 2019	Mar. 31, 2018
Shares used to compute basic and diluted loss income per share [Abstract]
Basic shares outstanding (in shares)	24,534,207	24,137,577
Dilutive effect of stock options (in shares)	0	0
Diluted shares outstanding (in shares)	24,534,207	24,137,577
Stock Option 2 [Member]
Antidilutive Shares Details [Abstract]
Antidilutive shares excluded from computation of loss per share (in shares)	175,675	127,973
Stock Option 1 [Member]
Antidilutive Shares Details [Abstract]
Antidilutive shares excluded from computation of loss per share (in shares)	139,000	147,667

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended
REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Disaggregation of Revenue [Abstract]
Total revenues	$ 63,263	$ 61,889
Unearned tuition	18,328		$ 22,545
Revenue recognized included in contract liability	19,100
ASU 2016-10 [Member]
Disaggregation of Revenue [Abstract]
Unearned tuition	18,300		$ 22,500
Services Transferred at a Point in Time [Member]
Disaggregation of Revenue [Abstract]
Total revenues	3,156	2,783
Services Transferred over Time [Member]
Disaggregation of Revenue [Abstract]
Total revenues	60,107	59,106
Transportation and Skilled Trades Segment [Member]
Disaggregation of Revenue [Abstract]
Total revenues	44,325	42,747
Transportation and Skilled Trades Segment [Member] \| Services Transferred at a Point in Time [Member]
Disaggregation of Revenue [Abstract]
Total revenues	2,081	2,048
Transportation and Skilled Trades Segment [Member] \| Services Transferred over Time [Member]
Disaggregation of Revenue [Abstract]
Total revenues	42,244	40,699
Healthcare and Other Professions Segment [Member]
Disaggregation of Revenue [Abstract]
Total revenues	18,938	16,741
Healthcare and Other Professions Segment [Member] \| Services Transferred at a Point in Time [Member]
Disaggregation of Revenue [Abstract]
Total revenues	1,075	732
Healthcare and Other Professions Segment [Member] \| Services Transferred over Time [Member]
Disaggregation of Revenue [Abstract]
Total revenues	17,863	16,009
Transitional Segment [Member]
Disaggregation of Revenue [Abstract]
Total revenues	0	2,401
Transitional Segment [Member] \| Services Transferred at a Point in Time [Member]
Disaggregation of Revenue [Abstract]
Total revenues	0	3
Transitional Segment [Member] \| Services Transferred over Time [Member]
Disaggregation of Revenue [Abstract]
Total revenues	$ 0	$ 2,398

LEASES (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2019

Dec. 31, 2018

Operating Leases [Abstract]

Operating lease cost

$ 3,600

Cumulative Effect of Changes Made to Condensed Consolidated Balance Sheet [Abstract]

Operating lease right-of-use asset

39,323

$ 0

Current portion of operating lease liability

9,508

Other short-term liabilities

968

Long-term portion of operating lease liability

36,352

Accrued rent

3,410

Operating cash flow information [Abstract]

Cash paid for amounts included in the measurement of operating lease liabilities

3,782

Non-cash activity [Abstract]

Lease liabilities arising from obtaining right-of-use assets

^[1]

$ 47,977

Weighted Average Remaining Lease Term and Discount Rate [Abstract]

Weighted-average remaining lease term

5 years 9 months 14 days

Weighted-average discount rate

14.45%

Maturities of Lease Liabilities [Abstract]

2019 (excluding the three months ended March 31, 2019)

$ 11,621

14,087

10,664

8,180

5,811

4,460

13,150

67,973

Less: imputed interest

(22,113)

Present value of lease liabilities

$ 45,860

5,606

Minimum Lease Payments under Non-cancellable Operating Leases [Abstract]

16,939

14,183

10,708

8,180

5,811

17,610

73,431

Cumulative Effect of Changes Made to Condensed Consolidated Balance Sheet [Abstract]

Operating lease right-of-use asset

37,993

Current portion of operating lease liability

8,999

Other short-term liabilities

Long-term portion of operating lease liability

33,372

Accrued rent

ASU 2016-02 [Member] | Adjustments Due to ASC 842 [Member]

Cumulative Effect of Changes Made to Condensed Consolidated Balance Sheet [Abstract]

Operating lease right-of-use asset

37,993

Current portion of operating lease liability

8,999

Other short-term liabilities

(968)

Long-term portion of operating lease liability

33,372

Accrued rent

$ (3,410)

Minimum [Member]

Operating Leases [Abstract]

Remaining lease term

1 year

Maximum [Member]

Operating Leases [Abstract]

Remaining lease term

11 years

Extension period for leases

5 years

[1]	Includes a new lease entered into on January 1, 2019 of $5.6 million.

GOODWILL AND LONG-LIVED ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
GOODWILL AND LONG-LIVED ASSETS [Abstract]
Impairment of long-lived assets	$ 0	$ 0
Changes in carrying amount of goodwill [Abstract]
Gross Goodwill Balance	117,176	117,176	$ 117,176	$ 117,176
Accumulated Impairment Losses	(102,640)	(102,640)	(102,640)	(102,640)
Net Goodwill Balance	14,536	14,536	$ 14,536	$ 14,536
Adjustments	$ 0	$ 0

LONG-TERM DEBT (Details) $ in Thousands		3 Months Ended
LONG-TERM DEBT (Details) $ in Thousands	Mar. 06, 2019 USD ($)	Mar. 31, 2019 USD ($) Property	Dec. 31, 2018 USD ($)	Jul. 11, 2018 USD ($)
Long-term debt [Abstract]
Deferred Financing Fees		$ (608)	$ (532)
Long term debt		24,593	48,769
Less current maturities		(3,635)	(15,000)
Long-term debt, excluding current maturities		$ 20,958	33,769
Number of properties owned \| Property		4
Letters of credit outstanding		$ 4,500	1,800
Scheduled maturities of long-term debt [Abstract]
2019		3,635
2020		3,405
2021		2,270
2022		2,270
2023		2,270
Thereafter		11,351
Long term debt		$ 25,201
Colorado, Tennessee and Texas Properties [Member]
Long-term debt [Abstract]
Number of properties owned \| Property		3
Connecticut [Member]
Long-term debt [Abstract]
Number of properties owned \| Property		1
Prime Rate [Member]
Long-term debt [Abstract]
Interest rate on credit facility	6.50%
Letter of Credit [Member]
Long-term debt [Abstract]
Percentage of letter of credit fee, quarterly installment		1.75%
Letters of credit outstanding		$ 6,200
Maximum availability under the facility previously provided		$ 9,500
Percentage of unused facility fee payable quarterly		1.25%
Credit Agreement and Term Loan [Member]
Long-term debt [Abstract]
Long-term line of credit		$ 25,201	49,301
Term Loan [Member]
Long-term debt [Abstract]
Line of credit facility, remaining borrowing capacity			$ 22,700
Credit Agreement [Member]
Long-term debt [Abstract]
Percentage of letters of credit margin against available funds in cash collateral		100.00%
Minimum quarterly average aggregate balances to be maintained		$ 5,000
Bank fees if minimum quarterly average aggregate balances is not maintained		12,500
Modification fees paid to bank		50,000
Revolving Credit Facility 1 [Member]
Long-term debt [Abstract]
Line of credit facility, maximum borrowing capacity				$ 25,000
Line of credit facility, remaining borrowing capacity		$ 22,700
Credit facility drew down amount	$ 25,000
Expiration date of credit facility		Mar. 31, 2024
Percentage of net proceeds of sale used to pay down principal amount		25.00%
Scheduled maturities of long-term debt [Abstract]
2019		$ 200
2020		600
2021		400
2022		400
2023		$ 400
Revolving Credit Facility 2 [Member]
Long-term debt [Abstract]
Line of credit facility, maximum borrowing capacity				25,000
Line of credit facility, remaining borrowing capacity	2,500
Line of credit facility, additional borrowing capacity	2,500
Expiration date of credit facility		Apr. 30, 2020
Revolving Credit Facility 2 [Member] \| Prime Rate [Member]
Long-term debt [Abstract]
Interest rate on credit facility		3.50%
Revolving Credit Facility 2 [Member] \| Letter of Credit [Member]
Long-term debt [Abstract]
Line of credit facility, maximum borrowing capacity				10,000
Revolving Credit Facility 3 [Member]
Long-term debt [Abstract]
Line of credit facility, maximum borrowing capacity				$ 15,000
Expiration date of credit facility		May 31, 2019
Revolving Credit Facility 3 [Member] \| Prime Rate [Member]
Long-term debt [Abstract]
Interest rate on credit facility		3.50%
Tranche A [Member] \| Term Loan [Member] \| Prime Rate [Member]
Long-term debt [Abstract]
Interest rate on credit facility		2.85%
Tranche A [Member] \| Revolving Credit Facility 2 [Member]
Long-term debt [Abstract]
Line of credit facility, remaining borrowing capacity	1,250
Number of days for bank to receive financial statements after fiscal period		15 days
Tranche A [Member] \| Revolving Credit Facility 2 [Member] \| Prime Rate [Member]
Long-term debt [Abstract]
Interest rate on credit facility		2.85%
Percentage of unused facility fee payable quarterly		0.50%
Tranche B [Member] \| Term Loan [Member] \| Prime Rate [Member]
Long-term debt [Abstract]
Interest rate on credit facility		6.00%
Tranche B [Member] \| Revolving Credit Facility 2 [Member]
Long-term debt [Abstract]
Line of credit facility, remaining borrowing capacity	$ 1,250
Number of days for bank to receive financial statements after fiscal period		15 days
Tranche B [Member] \| Revolving Credit Facility 2 [Member] \| Prime Rate [Member]
Long-term debt [Abstract]
Interest rate on credit facility		6.00%

STOCKHOLDERS' EQUITY (Details) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019 USD ($) Plan $ / shares shares	Mar. 31, 2018 USD ($) shares	Dec. 31, 2018 USD ($) $ / shares shares
Stockholders' Equity Note Details [Abstract]
Number of stock incentive plans \| Plan	2
Shares [Abstract]
Outstanding, beginning balance (in shares) \| shares	139,000
Granted (in shares) \| shares	0
Canceled (in shares) \| shares	0
Vested (in shares) \| shares	0
Outstanding, ending balance (in shares) \| shares	139,000		139,000
Vested (in shares) \| shares	139,000
Exercisable, ending balance (in shares) \| shares	139,000
Weighted Average Exercise Price Per Share [Abstract]
Outstanding, beginning balance (in dollars per share)	$ 12.14
Granted (in dollars per share)	0
Canceled (in dollars per share)	0
Vested (in dollars per share)	0
Outstanding, ending balance (in dollars per share)	12.14		$ 12.14
Vested or expected to vest (in dollars per share)	12.14
Exercisable, ending balance (in dollars per share)	$ 12.14
Weighted Average Remaining Contractual Term [Abstract]
Outstanding	2 years 3 months 14 days		2 years 6 months 11 days
Vested or expected to vest	2 years 3 months 14 days
Exercisable	2 years 3 months 14 days
Aggregate Intrinsic Value [Abstract]
Outstanding, beginning balance \| $	$ 0
Granted \| $	0
Canceled \| $	0
Vested \| $	0
Outstanding, ending balance \| $	0		$ 0
Vested or expected to vest \| $	0
Exercisable, ending balance \| $	$ 0
Stock Options Outstanding [Abstract]
Shares (in shares) \| shares	139,000
Contractual Weighted Average Life	2 years 3 months 14 days
Weighted Average Price (in dollars per share)	$ 12.14
Stock Options Exercisable [Abstract]
Shares (in shares) \| shares	139,000
Weighted Average Exercise Price (in dollars per share)	$ 12.14
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) \| shares	35,908
Granted (in shares) \| shares	478,853
Canceled (in shares) \| shares	0
Vested (in shares) \| shares	(14,286)
Nonvested restricted stock outstanding, ending balance (in shares) \| shares	500,475		35,908
Weighted Average Grant Date Fair Value [Abstract]
Nonvested restricted stock outstanding, beginning balance (in dollars per share)	$ 2.23
Granted (in dollars per share)	3.17
Canceled (in dollars per share)	0
Vested (in dollars per share)	2.80
Nonvested restricted stock outstanding, ending balance (in dollars per share)	$ 3.11		$ 2.23
Recognized restricted stock expense \| $	$ 100	$ 400
Unrecognized restricted stock expense \| $	$ 1,500		$ 100
LTIP [Member]
Stockholders' Equity Note Details [Abstract]
Net share settlement for restricted stock (in shares) \| shares	5,518	168,254
LTIP [Member] \| Maximum [Member]
Stockholders' Equity Note Details [Abstract]
Decrease in equity due to payment of tax for employee \| $	$ 100	$ 300
LTIP [Member] \| February 28, 2019 [Member]
Stockholders' Equity Note Details [Abstract]
Vesting period of performance-based shares	3 years
LTIP [Member] \| Restricted Stock [Member]
Weighted Average Grant Date Fair Value [Abstract]
Outstanding restricted shares, intrinsic value \| $	$ 1,600
$ 4.00-$13.99 [Member]
Range of Exercise Prices [Abstract]
Range of Exercise Prices, Minimum (in dollars per share)	$ 4.00
Range of Exercise Prices, Maximum (in dollars per share)	$ 13.99
Stock Options Outstanding [Abstract]
Shares (in shares) \| shares	91,000
Contractual Weighted Average Life	2 years 11 months 1 day
Weighted Average Price (in dollars per share)	$ 7.79
Stock Options Exercisable [Abstract]
Shares (in shares) \| shares	91,000
Weighted Average Exercise Price (in dollars per share)	$ 7.79
$ 14.00-$19.99 [Member]
Range of Exercise Prices [Abstract]
Range of Exercise Prices, Minimum (in dollars per share)	14.00
Range of Exercise Prices, Maximum (in dollars per share)	$ 19.99
Stock Options Outstanding [Abstract]
Shares (in shares) \| shares	17,000
Contractual Weighted Average Life	7 months 2 days
Weighted Average Price (in dollars per share)	$ 19.98
Stock Options Exercisable [Abstract]
Shares (in shares) \| shares	17,000
Weighted Average Exercise Price (in dollars per share)	$ 19.98
$ 20.00-$25.00 [Member]
Range of Exercise Prices [Abstract]
Range of Exercise Prices, Minimum (in dollars per share)	20.00
Range of Exercise Prices, Maximum (in dollars per share)	$ 25.00
Stock Options Outstanding [Abstract]
Shares (in shares) \| shares	31,000
Contractual Weighted Average Life	1 year 4 months 6 days
Weighted Average Price (in dollars per share)	$ 20.62
Stock Options Exercisable [Abstract]
Shares (in shares) \| shares	31,000
Weighted Average Exercise Price (in dollars per share)	$ 20.62

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
INCOME TAXES [Abstract]
Provision for income taxes	$ 50	$ 50
Effective income tax rate	0.90%	0.70%

SEGMENTS (Details) $ in Thousands	3 Months Ended
SEGMENTS (Details) $ in Thousands	Mar. 31, 2019 USD ($) Segment Location	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)
SEGMENTS [Abstract]
Number of locations closed \| Location	10
Number of reportable segments \| Segment	3
Summary financial information by reporting segment [Abstract]
Revenues	$ 63,263	$ 61,889
Percentage of Total Revenue	100.00%	100.00%
Operating Income (Loss)	$ (4,864)	$ (6,262)
Total Assets	155,989		$ 146,038
Transportation and Skilled Trades [Member]
Summary financial information by reporting segment [Abstract]
Revenues	44,325	42,747
Healthcare and Other Professions [Member]
Summary financial information by reporting segment [Abstract]
Revenues	18,938	16,741
Transitional [Member]
Summary financial information by reporting segment [Abstract]
Revenues	0	2,401
Reportable Segments [Member] \| Transportation and Skilled Trades [Member]
Summary financial information by reporting segment [Abstract]
Revenues	$ 44,325	$ 42,747
Percentage of Total Revenue	70.10%	69.10%
Operating Income (Loss)	$ 1,817	$ 675
Total Assets	110,715		92,070
Reportable Segments [Member] \| Healthcare and Other Professions [Member]
Summary financial information by reporting segment [Abstract]
Revenues	$ 18,938	$ 16,741
Percentage of Total Revenue	29.90%	27.10%
Operating Income (Loss)	$ 972	$ 374
Total Assets	27,848		14,078
Reportable Segments [Member] \| Transitional [Member]
Summary financial information by reporting segment [Abstract]
Revenues	$ 0	$ 2,401
Percentage of Total Revenue	0.00%	3.90%
Operating Income (Loss)	$ 0	$ (131)
Total Assets	0		527
Corporate [Member]
Summary financial information by reporting segment [Abstract]
Revenues	$ 0	$ 0
Percentage of Total Revenue	0.00%	0.00%
Operating Income (Loss)	$ (7,653)	$ (7,180)
Total Assets	$ 17,426		$ 39,363

FAIR VALUE (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Carrying Amount [Member]
Financial Assets [Abstract]
Cash and cash equivalents	$ 5,683
Restricted cash	4,498
Prepaid expenses and other current assets	3,158
Financial Liabilities [Abstract]
Accrued expenses	11,963
Other short-term liabilities	1,773
Credit facility and term loan	24,593
Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	5,683
Restricted cash	4,498
Prepaid expenses and other current assets	3,158
Financial Liabilities [Abstract]
Accrued expenses	11,963
Other short-term liabilities	1,773
Credit facility and term loan	24,593
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	5,683
Restricted cash	4,498
Prepaid expenses and other current assets	0
Financial Liabilities [Abstract]
Accrued expenses	0
Other short-term liabilities	0
Credit facility and term loan	0
Significant Other Observable Inputs (Level 2) [Member] \| Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	0
Restricted cash	0
Prepaid expenses and other current assets	3,158
Financial Liabilities [Abstract]
Accrued expenses	11,963
Other short-term liabilities	1,773
Credit facility and term loan	24,593
Significant Unobservable Inputs (Level 3) [Member] \| Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	0
Restricted cash	0
Prepaid expenses and other current assets	0
Financial Liabilities [Abstract]
Accrued expenses	0
Other short-term liabilities	0
Credit facility and term loan	$ 0

RELATED PARTY (Details) $ in Millions	3 Months Ended
RELATED PARTY (Details) $ in Millions	Mar. 31, 2019 USD ($)
RELATED PARTY [Abstract]
Purchases from related party	$ 0.6