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INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Intangible assets consist of the following (in thousands):
 
 
 
June 30, 2018
 
 
 
 
 
Gross

Carrying

Amount
 
 
Accumulated

Amortization
 
 
Weighted Average

Amortization

Period
Amortizable Intangible Assets:
 
 
 
 
 
 
 
 
 
 
Student Relationships
 
$
8,193
 
 
$
(6,972
)
 
5 Years
Customer Relationships
 
 
42,900
 
 
 
(9,598
)
 
10 Years
Non-compete Agreements
 
 
700
 
 
 
(700
)
 
1 Year
Curriculum/Software
 
 
6,833
 
 
 
(4,265
)
 
4 Years
Franchise Contracts
 
 
9,064
 
 
 
(1,720
)
 
18 Years
Clinical Agreements
 
 
336
 
 
 
(112
)
 
15 Years
Trade Names
 
 
976
 
 
 
(904
)
 
10 Years
Proprietary Technology
 
 
500
 
 
 
(250
)
 
4 Years
Total
 
$
69,502
 
 
$
(24,521
)
 
 
Indefinite-Lived Intangible Assets:
 
 
 
 
 
 
 
 
 
 
Trade Names
 
$
106,132
 
 
 
 
 
 
 
Ross Title IV Eligibility and Accreditations
 
 
14,100
 
 
 
 
 
 
 
Intellectual Property
 
 
13,940
 
 
 
 
 
 
 
Chamberlain Title IV Eligibility and Accreditations
 
 
1,200
 
 
 
 
 
 
 
AUC Title IV Eligibility and Accreditations
 
 
100,000
 
 
 
 
 
 
 
Adtalem Brazil Accreditation
 
 
82,578
 
 
 
 
 
 
 
Total
 
$
317,950
 
 
 
 
 
 
 
 
 
 
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
 
 
 
 
 
AUC Title IV Eligibility and Accreditations
 
 
100,000
 
 
 
 
 
Adtalem Brazil Accreditation
 
 
97,179
 
 
 
 
 
Total
 
$
335,938
 
 
 
 
 
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):
 
 
 
Professional
 
 
Adtalem
 
 
 
 
Fiscal Year
 
Education
 
 
Brazil
 
 
Total
 
2019
 
$
6,422
 
 
$
1,728
 
 
$
8,150
 
2020
 
 
4,671
 
 
 
1,270
 
 
 
5,941
 
2021
 
 
4,440
 
 
 
775
 
 
 
5,215
 
2022
 
 
4,300
 
 
 
526
 
 
 
4,826
 
2023
 
 
4,118
 
 
 
526
 
 
 
4,644
 
Thereafter
 
 
11,268
 
 
 
4,937
 
 
 
16,205
 
Changes in Carrying Amount of Goodwill, by Segment
The table below summarizes goodwill balances by reporting unit (in thousands):
 
Reporting Unit
 
June 30, 2018
 
 
June 30, 2017
 
Chamberlain
 
$
4,716
 
 
$
4,716
 
AUC
 
 
68,321
 
 
 
68,321
 
RUSM and RUSVM
 
 
237,173
 
 
 
237,173
 
Professional Education
 
 
317,699
 
 
 
306,653
 
Adtalem Brazil
 
 
185,978
 
 
 
212,223
 
Total
 
$
813,887
 
 
$
829,086
 
 
The table below summarizes goodwill balances by reporting segment (in thousands):
 
Reporting Segment
 
June 30, 2018
 
 
June 30, 2017
 
Medical and Healthcare
 
$
310,210
 
 
$
310,210
 
Professional Education
 
 
317,699
 
 
 
306,653
 
Technology and Business
 
 
185,978
 
 
 
212,223
 
Total
 
$
813,887
 
 
$
829,086
 
 
The table below summarizes the changes in the carrying amount of goodwill by reporting segment (in thousands):
 
 
 
Medical and

Healthcare
 
 
Professional

Education
 
 
Technology

and Business
 
 
Total
 
Balance at June 30, 2016
 
$
310,210
 
 
$
32,043
 
 
$
223,558
 
 
$
565,811
 
Purchase Accounting Adjustments
 
 
-
 
 
 
-
 
 
 
(3,603
)
 
 
(3,603
)
Acquisitions
 
 
-
 
 
 
274,689
 
 
 
-
 
 
 
274,689
 
Foreign exchange rate changes
 
 
-
 
 
 
(79
)
 
 
(7,732
)
 
 
(7,811
)
Balance at June 30, 2017
 
 
310,210
 
 
 
306,653
 
 
 
212,223
 
 
 
829,086
 
Acquisitions
 
 
-
 
 
 
11,527
 
 
 
5,636
 
 
 
17,163
 
Foreign exchange rate changes
 
 
-
 
 
 
(481
)
 
 
(31,881
)
 
 
(32,362
)
Balance at June 30, 2018
 
$
310,210
 
 
$
317,699
 
 
$
185,978
 
 
$
813,887
 
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):
 
Reporting Segment
 
June 30, 2018
 
 
June 30, 2017
 
Medical and Healthcare
 
$
137,500
 
 
$
137,500
 
Professional Education
 
 
69,126
 
 
 
67,812
 
Technology and Business
 
 
111,324
 
 
 
130,626
 
Total
 
$
317,950
 
 
$
335,938