INTANGIBLE ASSETS (Tables)

3 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consist of the following (in thousands):

	As of September 30, 2016
	Gross Carrying Amount		Accumulated Amortization			Weighted Average Amortization Period
Amortizable Intangible Assets:
Student Relationships	$	14,333	$	(8,107	)	5 Years
Customer Relationships		42,900		(1,367	)	10 Years
Non-compete Agreements		1,640		(1,012	)	3 Years
Curriculum/Software		8,151		(1,635	)	4 Years
Franchise Contracts		10,818		(1,002	)	18 Years
Clinical Agreements		401		(87	)	15 Years
Trade Names		1,167		(875	)	10 Years
Proprietary Technology		500		(31	)	4 Years
Total	$	79,910	$	(14,116	)
Indefinite-lived Intangible Assets:
Trade Names	$	110,162
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		20,200
AUC Title IV Eligibility and Accreditations		100,000
DeVry Brasil Accreditation		99,048
Total	$	360,295

	As of September 30, 2015
	Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Student Relationships	$	6,111	$	(3,360	)
Customer Relationships		400		(140	)
Test Prep Relationships		808		(539	)
Non-compete Agreements		940		(658	)
Curriculum/Software		1,922		(1,506	)
Outplacement Relationships		3,900		(1,829	)
Franchise Contracts		8,864		(328	)
Clinical Agreements		328		(49	)
Trade Names		957		(622	)
Total	$	24,230	$	(9,031	)
Indefinite-lived Intangible Assets:
Trade Names	$	45,566
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		45,291
Total	$	288,942

Estimated Amortization Expense for Amortized Intangible Assets

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

Fiscal Year	DeVry Brasil		Becker		Total
2017	$	4,704	$	7,482	$	12,186
2018		3,281		6,501		9,782
2019		2,259		6,422		8,681
2020		1,529		4,671		6,200
2021		933		4,440		5,373
Thereafter		7,149		19,686		26,835

Changes in Carrying Amount of Goodwill, by Segment

The table below summarizes goodwill balances by reporting unit as of September 30, 2016 (in thousands):

Reporting Unit	As of September 30, 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
DeVry Brasil		215,140
Becker Professional Education		306,642
DeVry University		22,196
Total	$	854,188

The table below summarizes goodwill balances by reporting segment as of September 30, 2016 (in thousands):

Reporting Segment	As of September 30, 2016
Medical and Healthcare	$	310,210
International and Professional Education		521,782
Business, Technology and Management		22,196
Total	$	854,188

The table below summarizes the changes in the carrying amount of goodwill by segment as of September 30, 2016 (in thousands):

	Medical and Healthcare				International		Business,
			Accumulated		and		Technology
			Impairment		Professional		and
	Gross		Losses		Education		Management		Total
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
Foreign currency exchange rate changes		-		-		(19,150)		-		(19,150)
Balance at September 30, 2015		495,927		(86,933)		101,989		22,196		533,179
Purchase Accounting Adjustment		-		-		4,575		-		4,575
Acquisitions		-		-		116,007		-		116,007
Impairments		-		(98,784)		-		-		(98,784)
Foreign currency exchange rate changes		-		-		33,030		-		33,030
Balance at June 30, 2016		495,927		(185,717)		255,601		22,196		588,007
Purchase Accounting Adjustment		-		-		(4,481)		-		(4,481)
Acquisitions		-		-		274,672		-		274,672
Foreign currency exchange rate changes		-		-		(4,010)		-		(4,010)
Balance at September 30, 2016	$	495,927	$	(185,717)	$	521,782	$	22,196	$	854,188

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 September 30, 2016 (in thousands):

Reporting Segment	As of September 30, 2016
Medical and Healthcare	$	157,700
International and Professional Educational		200,950
Business, Technology and Management		1,645
Total	$	360,295