DISCONTINUED OPERATIONS

6 Months Ended

Dec. 31, 2014

DISCONTINUED OPERATIONS

NOTE 3:   DISCONTINUED OPERATIONS

In December 2013, the assets of DeVry Group’s Advanced Academics Inc. (“AAI”) subsidiary, which had previously been disclosed as “held for sale” were divested. These assets were sold for $2.0 million, which approximated the recorded net book value of the assets on the date of sale.

The operating results of AAI are separately disclosed in the Consolidated Statements of Income as “Discontinued Operations – Loss from Operations of Divested Component”. The following is a summary of operating results of the discontinued operations for the three and six months ended December 31, 2013 and 2014 (in thousands).

	For the Three Months Ended December 31,				For the Six Months Ended December 31,
	2014		2013		2014		2013
Loss from Operations of Divested Component	$	-	$	(1,084)	$	-	$	(3,931)
Asset Impairment Charge and Gain on Sale		-		372		-		(13,105)
Restructuring Expense		-		(675)		-		(675)
Income Tax Benefit		-		467		-		1,463
Loss from Discontinued Operations, Net of Income Taxes	$	-	$	(920)	$	-	$	(16,248)