FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Mar. 31, 2015

Assets Measured at Fair Value on Recurring Basis

The following tables present DeVry Group’s assets and liabilities at March 31, 2015, that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands).

	Level 1		Level 2		Level 3
Cash and Cash Equivalents	$	402,115	$	-	$	-
Available for Sale Investments:
Marketable Securities, short-term		3,577		-		-
Institutional Student Loans Receivable, net				47,977
Deferred Acquisition Obligations				27,371
Total Financial Assets at Fair Value	$	405,692	$	75,348	$	-

Roll-Forward of Assets Measured at Fair Value using Level Three Inputs

As of and for the nine months ended March 31, 2015, there were no assets or liabilities measured at fair value using Level 3 inputs. Below is a roll-forward of accrued contingent liabilities measured at fair value using Level 3 inputs for the three and nine months ended March 31, 2014 (dollars in thousands). The amount recorded as foreign currency translation gain for the three and nine months ended March 31, 2014 is classified as student services and administrative expense in the Consolidated Statements of Income (Loss).

 

	Three Months Ended March  31, 2014		Nine Months Ended March  31, 2014
Balance at Beginning of Period	$	2,371	$	2,509
Total Realized Gains (Losses) Included in Income:
Foreign Currency Translation Changes		203		65
Unifavip Contingent Consideration Payment		(2,574)		(2,574)
Balance at End of Period	$	-	$	-