DeVry, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2011. For the quarter, the company reported total revenue of $524.1 million compared to $551.5 million a year ago. Operating income was $13.76 million compared to $135.6 million a year ago. Income before income taxes was $17.2 million compared to $135.695 million a year ago. Net income declined to $8.9 million from $88.71 million last year, and net income excluding discrete items was $62 million, down 30%. Diluted earnings per share declined to $0.13 per share from $1.25 per share last year, and earnings per share excluding discrete items was $0.92 per share, down 26%. For the year to date, the company reported total revenue of $1,043.1 million compared to $1,072.9 million a year ago. Operating income was $93.62 million compared to $247.4 million a year ago. Income before income taxes was $96.72 million compared to $247.68 million a year ago. Net income declined to $66.35 million from $162.31 million last year, and net income excluding discrete items was $120 million, down 26%. Diluted earnings per share declined to $0.97 per share from $2.28 per share last year, and earnings per share excluding discrete items was $1.74 per share, down 24%. Net cash provided by operating activities was $219.296 million compared to $273.933 million a year ago. Capital expenditures were $63.027 million compared to $53.663 million a year ago. The company reported impairment charge for the second quarter ended December 31, 2011. For the quarter, the company reported asset impairment charge of $75.039 million.