INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consist of the following (in thousands):

	December 31, 2017
	Gross Carrying Amount		Accumulated Amortization		Weighted Average Amortization Period
Amortizable Intangible Assets:
Student Relationships	$	11,049	$	(8,999)	5 Years
Customer Relationships		42,900		(7,261)	10 Years
Non-compete Agreements		700		(682)	1 Year
Curriculum/Software		7,143		(3,375)	4 Years
Franchise Contracts		10,597		(1,717)	18 Years
Clinical Agreements		392		(118)	15 Years
Trade Names		1,143		(1,000)	10 Years
Proprietary Technology		500		(187)	4 Years
Total	$	74,424	$	(23,339)
Indefinite-Lived Intangible Assets:
Trade Names	$	109,462
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
Adtalem Brazil Accreditation		97,013
Total	$	355,915

	June 30, 2017
	Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Student Relationships	$	12,459	$	(9,323)
Customer Relationships		42,900		(4,923)
Non-compete Agreements		700		(665)
Curriculum/Software		7,147		(2,329)
Franchise Contracts		10,615		(1,425)
Clinical Agreements		393		(104)
Trade Names		1,145		(945)
Proprietary Technology		500		(125)
Total	$	75,859	$	(19,839)
Indefinite-Lived Intangible Assets:
Trade Names	$	109,519
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
Adtalem Brazil Accreditation		97,179
Total	$	356,138

	December 31, 2016
	Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Student Relationships	$	12,657	$	(8,324)
Customer Relationships		42,900		(2,547)
Non-compete Agreements		1,640		(1,226)
Curriculum/Software		8,143		(2,206)
Franchise Contracts		10,783		(1,148)
Clinical Agreements		399		(93)
Trade Names		1,163		(901)
Proprietary Technology		500		(63)
Total	$	78,185	$	(16,508)
Indefinite-Lived Intangible Assets:
Trade Names	$	110,048
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
Adtalem Brazil Accreditation		98,718
Total	$	358,206

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): 

	Becker and		Adtalem
Fiscal Year	ACAMS		Brazil		Total
2018	$	6,501	$	2,861	$	9,362
2019		6,422		2,057		8,479
2020		4,671		1,448		6,119
2021		4,440		907		5,347
2022		4,300		615		4,915
Thereafter		15,386		6,387		21,773

Changes in Carrying Amount of Goodwill, by Segment

The table below summarizes goodwill balances by reporting unit (in thousands):

	December 31,		June 30,		December 31,
Reporting Unit	2017		2017		2016
Chamberlain	$	4,716	$	4,716	$	4,716
AUC		68,321		68,321		68,321
RUSM and RUSVM		237,173		237,173		237,173
Becker and ACAMS		306,808		306,653		306,382
Adtalem Brazil		215,925		212,223		216,050
Total	$	832,943	$	829,086	$	832,642

The table below summarizes goodwill balances by reporting segment (in thousands):

	December 31,		June 30,		December 31,
Reporting Segment	2017		2017		2016
Medical and Healthcare	$	310,210	$	310,210	$	310,210
Professional Education		306,808		306,653		306,382
Technology and Business		215,925		212,223		216,050
Total	$	832,943	$	829,086	$	832,642

The table below summarizes the changes in the carrying amount of goodwill by reporting segment (in thousands):

							U.S. Traditional Postsecondary
	Medical				Technology				Accumulated
	and		Professional		and				Impairment
	Healthcare		Education		Business		Gross		Losses		Total
Balance at June 30, 2016		310,210		32,043		223,558		185,717		(185,717)		565,811
Purchase Accounting Adjustments		-		-		(3,122)		-		-		(3,122)
Acquisitions		-		274,620		-		-		-		274,620
Foreign exchange rate changes		-		(281)		(4,386)		-		-		(4,667)
Balance at December 31, 2016		310,210		306,382		216,050		185,717		(185,717)		832,642
Purchase Accounting Adjustments		-		69		(481)		-		-		(412)
Foreign exchange rate changes		-		202		(3,346)		-		-		(3,144)
Balance at June 30, 2017		310,210		306,653		212,223		185,717		(185,717)		829,086
Acquisitions		-		-		4,121		-		-		4,121
Foreign exchange rate changes		-		155		(419)		-		-		(264)
Balance at December 31, 2017	$	310,210	$	306,808	$	215,925	$	185,717	$	(185,717)	$	832,943

Summary of Indefinite-Lived Intangible Assets Balances by Reporting Segment

The table below summarizes the indefinite-lived intangible asset balances by reporting segment (in thousands):

	December 31,		June 30,		December 31,
Reporting Segment	2017		2017		2016
Medical and Healthcare	$	137,500	$	137,500	$	137,500
Professional Education		67,812		67,812		67,812
Technology and Business		130,403		130,626		132,694
U.S. Traditional Postsecondary		20,200		20,200		20,200
Total	$	355,915	$	356,138	$	358,206