DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables)

6 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Balance Sheet Information of Assets and Liabilities Reported as Discontinued Operations

The following is a summary of balance sheet information of assets and liabilities reported as discontinued operations (in thousands).

	December 31,		June 30,		December 31,
	2017		2017		2016
ASSETS:
Current Assets:
Cash and Cash Equivalents	$	902	$	1,553	$	2,085
Restricted Cash		5,880		4,358		5,470
Accounts Receivable, Net		11,206		11,957		22,296
Prepaid Expenses and Other		10,138		5,748		7,351
Total Current Assets Held for Sale		28,126		23,616		37,202
Land, Building and Equipment Held for Sale, Net		-		37,904		39,967
Other Assets:
Intangible Assets		-		1,645		1,645
Goodwill		-		22,196		22,196
Perkins Program Fund, Net		13,450		13,450		13,450
Other Assets, Net		-		999		813
Total Other Assets Held for Sale		13,450		38,290		38,104
Total Assets Held for Sale	$	41,576	$	99,810	$	115,273
LIABILITIES:
Current Liabilities:
Accounts Payable	$	14,713	$	17,868	$	15,770
Accrued Salaries, Wages and Benefits		10,223		14,580		14,184
Accrued Liabilities		7,287		8,937		7,216
Deferred Revenue		4,246		1,788		8,557
Total Current Liabilities Held for Sale		36,469		43,173		45,727
Total Liabilities Held for Sale	$	36,469	$	43,173	$	45,727

The following is a summary of income statement information of operations reported as discontinued operations (in thousands).

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2017		2016		2017		2016
REVENUE:
Tuition	$	86,172	$	118,000	$	172,840	$	230,130
Other Educational		4,471		4,390		13,550		13,127
Total Revenue		90,643		122,390		186,390		243,257
OPERATING COST AND EXPENSE:
Cost of Educational Services		48,221		60,639		100,397		123,826
Student Services and Administrative Expense		36,624		44,484		85,896		102,084
Restructuring Expense		2,209		2,087		7,814		3,785
Asset Impairment Charge - Intangible and Goodwill		23,841		-		23,841		-
Asset Impairment Charge - Building and Equipment		23,391		-		23,391		-
Loss on Sale of Assets		230		-		230		-
Regulatory Settlements		-		4,102		-		4,102
Loss on Assets Held for Sale		-		4,764		-		4,764
Total Operating Cost and Expense		134,516		116,076		241,569		238,561
Operating (Loss) Income from Discontinued Operations		(43,873)		6,314		(55,179)		4,696
Interest Income		-		7		-		20
(Loss) Income from Discontinued Operations Before
Income Taxes		(43,873)		6,321		(55,179)		4,716
Income Tax Benefit		18,453		1,134		20,371		1,952
(Loss) Income from Discontinued Operations	$	(25,420)	$	7,455	$	(34,808)	$	6,668