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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents Adtalem's assets and liabilities at June 30, 2017, 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
 
$
241,979
 
$
-
 
$
-
 
Available-for-Sale Investments:
 
 
4,013
 
 
 
 
 
 
 
Marketable Securities, short-term
 
 
 
 
 
-
 
 
-
 
Institutional Loans Receivable, Net
 
 
-
 
 
47,418
 
 
-
 
Deferred Acquisition Obligations
 
 
-
 
 
26,590
 
 
-
 
FIES Receivable
 
 
-
 
 
22,860
 
 
-
 
Total Financial Assets at Fair Value
 
$
245,992
 
$
96,868
 
$
-
 
 
The following table presents Adtalem's assets and liabilities at June 30, 2016, 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
 
$
308,164
 
$
-
 
$
-
 
Available-for-Sale Investments:
 
 
 
 
 
 
 
 
 
 
Marketable Securities, short-term
 
 
3,609
 
 
-
 
 
-
 
Institutional Loans Receivable, Net
 
 
-
 
 
49,025
 
 
-
 
Deferred Acquisition Obligations
 
 
-
 
 
32,121
 
 
-
 
FIES Long-Term Receivable
 
 
-
 
 
13,057
 
 
-
 
Total Financial Assets at Fair Value
 
$
311,773
 
$
94,203
 
$
-