INTANGIBLE ASSETS (Tables)

3 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets consist of the following (in thousands):

	September 30, 2018
	Gross ‎ Carrying ‎ Amount		Accumulated ‎ Amortization			Weighted Average ‎ Amortization ‎ Period
Amortizable Intangible Assets:
Student Relationships	$	7,713	$	(6,799	)		5 Years
Customer Relationships		42,900		(10,756	)		10 Years
Curriculum/Software		6,755		(4,730	)		4 Years
Franchise Contracts		8,677		(1,768	)		18 Years
Clinical Agreements		321		(112	)		15 Years
Trade Names		936		(889	)		10 Years
Proprietary Technology		500		(281	)		4 Years
Total	$	67,802	$	(25,335	)
Indefinite-Lived Intangible Assets:
Trade Names	$	104,832
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		79,056
Total	$	313,128

	June 30, 2018
	Gross ‎ Carrying ‎ Amount		Accumulated ‎ Amortization
Amortizable Intangible Assets:
Student Relationships	$	8,193	$	(6,972	)
Customer Relationships		42,900		(9,598	)
Non-compete Agreements		700		(700	)
Curriculum/Software		6,833		(4,265	)
Franchise Contracts		9,064		(1,720	)
Clinical Agreements		336		(112	)
Trade Names		976		(904	)
Proprietary Technology		500		(250	)
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

	September 30, 2017
	Gross ‎ Carrying ‎ Amount		Accumulated ‎ Amortization
Amortizable Intangible Assets:
Student Relationships	$	11,561	$	(8,860	)
Customer Relationships		42,900		(6,092	)
Non-compete Agreements		700		(674	)
Curriculum/Software		7,243		(2,887	)
Franchise Contracts		11,088		(1,643	)
Clinical Agreements		411		(116	)
Trade Names		1,196		(1,017	)
Proprietary Technology		500		(156	)
Total	$	75,599	$	(21,445	)
Indefinite-Lived Intangible Assets:
Trade Names	$	111,010
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		101,512
Total	$	341,762

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	$	1,654	$	8,076
2020		4,671		1,216		5,887
2021		4,440		742		5,182
2022		4,300		503		4,803
2023		4,119		503		4,622
Thereafter		11,268		4,727		15,995

Changes in Carrying Amount of Goodwill, by Segment

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

	September 30,		June 30,		September 30,
Reporting Unit	2018		2018		2017
Chamberlain	$	4,716	$	4,716	$	4,716
AUC		68,321		68,321		68,321
RUSM and RUSVM		237,173		237,173		237,173
Professional Education		317,029		317,699		306,776
Adtalem Brazil		178,046		185,978		221,683
Total	$	805,285	$	813,887	$	838,669

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

	September 30,		June 30,		September 30,
Reporting Segment	2018		2018		2017
Medical and Healthcare	$	310,210	$	310,210	$	310,210
Professional Education		317,029		317,699		306,776
Technology and Business		178,046		185,978		221,683
Total	$	805,285	$	813,887	$	838,669

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

	Medical and ‎ Healthcare		Professional ‎ Education			Technology ‎ and Business			Total
Balance at June 30, 2017		310,210		306,653			212,223			829,086
Foreign exchange rate changes		-		123			9,460			9,583
Balance at September 30, 2017		310,210		306,776			221,683			838,669
Acquisitions		-		11,527			5,636			17,163
Foreign exchange rate changes		-		(604	)		(41,341	)		(41,945	)
Balance at June 30, 2018		310,210		317,699			185,978			813,887
Foreign exchange rate changes		-		(670	)		(7,932	)		(8,602	)
Balance at September 30, 2018	$	310,210	$	317,029		$	178,046		$	805,285

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):

	September 30,		June 30,		September 30,
Reporting Segment	2018		2018		2017
Medical and Healthcare	$	137,500	$	137,500	$	137,500
Professional Education		69,053		69,126		67,812
Technology and Business		106,575		111,324		136,450
Total	$	313,128	$	317,950	$	341,762