INTANGIBLE ASSETS (Tables)

9 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets consist of the following (in thousands):

	As of March 31, 2016
	Gross				Weighted Average
	Carrying		Accumulated		Amortization
	Amount		Amortization		Period
Amortizable Intangible Assets:
Student Relationships	$	13,082		(5,430)		(a)
Customer Relationships		400		(160)		10 Years
Test Prep Relationships		900		(900)		1 Year
Non-compete Agreements		940		(752)		5 Years
Curriculum/Software		3,881		(1,786)		5 Years
Outplacement Relationships		3,900		(1,959)		15 Years
Franchise Contracts		9,875		(640)		18 Years
Clinical Agreements		366		(67)		15 Years
Trade Names		1,064		(746)		10 Years
Total	$	34,408	$	(12,440)
Indefinite-lived Intangible Assets:
Trade Names	$	66,808
Trademarks		1,645
Ross Title IV Eligibility and Accreditations		14,100
Intellectual Property		13,940
Chamberlain Title IV Eligibility and Accreditations		1,200
Carrington Title IV Eligibility and Accreditations		60,700
AUC Title IV Eligibility and Accreditations		100,000
DeVry Brasil Accreditation		90,685
Total	$	349,078

(a)

The total weighted average estimated amortization period for Student Relationships is 6 years for Faculdade Boa Viagem ("FBV"), 5 years for Centro Universitário Vale do Ipojuca ("Unifavip"), 6 years for Damasio and 5 years for Grupo Ibmec.

	As of March 31, 2015
	Gross
	Carrying		Accumulated
	Amount		Amortization
Amortizable Intangible Assets:
Student Relationships	$	82,754	$	(77,946)
Customer Relationships		3,294		(1,245)
Test Prep Relationships		1,006		(168)
Non-compete Agreements		2,467		(2,091)
Curriculum/Software		3,026		(2,381)
Outplacement Relationships		3,900		(1,699)
Franchise Contracts		11,032		(102)
Clinical Agreements		409		(48)
Trade Names		5,091		(4,614)
Total	$	112,979	$	(90,294)
Indefinite-lived Intangible Assets:
Trade Names	$	47,864
Trademarks		1,645
Ross Title IV Eligibility and Accreditations		14,100
Intellectual Property		13,940
Chamberlain Title IV Eligibility and Accreditations		1,200
Carrington Title IV Eligibility and Accreditations		67,200
AUC Title IV Eligibility and Accreditations		100,000
DeVry Brasil Accreditation		56,366
Total	$	302,315

Estimated Amortization Expense for Amortized Intangible Assets

Estimated amortization expense for amortizable intangible assets by reporting unit for the next five fiscal years ending June 30, and in the aggregate, is as follows (in thousands):

Fiscal Year	Carrington		DeVry Brasil		Becker		Total
2016	$	260	$	4,672	$	557	$	5,489
2017		260		4,294		311		4,865
2018		260		2,994		40		3,294
2019		260		2,062		40		2,362
2020		260		1,396		40		1,696
Thereafter		836		7,410		70		8,316

Summary of Goodwill Balances by Reporting Unit

The table below summarizes goodwill balances by reporting unit as of March 31, 2016 (in thousands):

	As of March 31,
Reporting Unit	2016
American University of the Caribbean School of Medicine	$	68,321
Ross University School of Medicine and Ross University School of Veterinary Medicine		237,173
Chamberlain College of Nursing		4,716
Carrington College		5,811
DeVry Brasil		194,409
Becker Professional Education		32,386
DeVry University		22,196
Total	$	565,012

Summary of Goodwill Balances by Reporting Segment

The table below summarizes goodwill balances by reporting segment as of March 31, 2016 (in thousands):

	As of March 31,
Reporting Segment	2016
Medical and Healthcare	$	316,021
International and Professional Education		226,795
Business, Technology and Management		22,196
Total	$	565,012

Changes in Carrying Amount of Goodwill, by Segment

The table below summarizes the changes in the carrying amount of goodwill by segment as of March 31, 2016 (in thousands):

	Medical and Healthcare				International		Business,
			Accumulated		and		Technology
			Impairment		Professional		and
	Gross		Losses		Education		Management		Total
Balance at June 30, 2013	$	495,927	$	(86,933)	$	77,747	$	22,196	$	508,937
Acquisitions		-		-		9,675		-		9,675
Foreign currency exchange rate changes		-		-		1,267		-		1,267
Balance at June 30, 2014		495,927		(86,933)		88,689		22,196		519,879
Acquisitions		-		-		55,915		-		55,915
Foreign currency exchange rate changes		-		-		(23,465)		-		(23,465)
Balance at June 30, 2015		495,927		(86,933)		121,139		22,196		552,329
Acquisitions		-		-		108,246		-		108,246
Impairments		-		(92,973)		-		-		(92,973)
Foreign currency exchange rate changes		-		-		(2,590)		-		(2,590)
Balance at March 31, 2016	$	495,927	$	(179,906)	$	226,795	$	22,196	$	565,012

Summary of Indefinite-Lived Intangible Assets Balances by Reporting Segment

The table below summarizes the indefinite-lived intangible asset balances by reporting segment as of March 31, 2016 (in thousands):

	As of March 31,
Reporting Segment	2016
Medical and Healthcare	$	198,200
International and Professional Educational		149,233
Business, Technology and Management		1,645
Total	$	349,078