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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
REVENUE:        
Tuition $ 399,322 $ 425,966 $ 1,217,613 $ 1,243,624
Other Educational 52,767 48,255 140,718 128,212
Total Revenue 452,089 474,221 1,358,331 1,371,836
OPERATING COST AND EXPENSE:        
Cost of Educational Services 239,244 252,867 729,704 738,965
Student Services and Administrative Expense 157,781 161,483 464,497 484,662
Restructuring Expense 7,771 2,873 17,868 39,870
Regulatory Settlements 0 0 56,252 0
Loss on Assets Held for Sale 0 0 4,764 0
Impairment of Goodwill and Intangible Assets 0 0 0 99,473
Gain on Sale of Assets 0 (3,849) 0 (3,849)
Total Operating Cost and Expense 404,796 413,374 1,273,085 1,359,121
Operating Income 47,293 60,847 85,246 12,715
INTEREST:        
Interest Income 1,690 27 3,741 394
Interest Expense (1,995) (1,408) (6,410) (5,581)
Net Interest Expense (305) (1,381) (2,669) (5,187)
Income Before Income Taxes 46,988 59,466 82,577 7,528
Income Tax Provision (6,966) (7,536) (2,651) (683)
NET INCOME 40,022 51,930 79,926 6,845
Net Income Attributable to Noncontrolling Interest (163) (5) (502) (42)
NET INCOME ATTRIBUTABLE TO DEVRY EDUCATION GROUP $ 39,859 $ 51,925 $ 79,424 $ 6,803
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO DEVRY EDUCATION GROUP SHAREHOLDERS:        
Basic $ 0.63 $ 0.81 $ 1.25 $ 0.11
Diluted 0.62 0.81 1.24 0.11
Cash Dividends Declared per Common Share $ 0 $ 0 $ 0.18 $ 0.18