INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets consist of the following (in thousands):

	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Weighted Average Amortization Period
Amortizable Intangible Assets:
Student Relationships	$	8,039	$	(7,352	)	5 Years
Customer Relationships		42,900		(11,913	)	10 Years
Curriculum/Software		6,829		(5,279	)	4 Years
Franchise Contracts		9,044		(1,968	)	18 Years
Clinical Agreements		335		(123	)	15 Years
Trade Names		975		(951	)	10 Years
Proprietary Technology		500		(312	)	4 Years
Total	$	68,622	$	(27,898	)
Indefinite-Lived Intangible Assets:
Trade Names	$	106,049
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		82,402
Total	$	317,691

	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

	December 31, 2017
	Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Student Relationships	$	11,049	$	(8,999	)
Customer Relationships		42,900		(7,261	)
Non-compete Agreements		700		(682	)
Curriculum/Software		7,143		(3,375	)
Franchise Contracts		10,597		(1,717	)
Clinical Agreements		392		(118	)
Trade Names		1,143		(1,000	)
Proprietary Technology		500		(187	)
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
AUC Title IV Eligibility and Accreditations		100,000
Adtalem Brazil Accreditation		97,013
Total	$	335,715

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 (excluding the six months ended December 31, 2018)	$	3,211	$	712	$	3,923
2020		4,671		1,246		5,917
2021		4,440		774		5,214
2022		4,300		525		4,825
2023		4,119		525		4,644
Thereafter		11,268		4,933		16,201

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	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		317,384		317,699		306,808
Adtalem Brazil		185,582		185,978		215,925
Total	$	813,176	$	813,887	$	832,943

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

	December 31,		June 30,		December 31,
Reporting Segment	2018		2018		2017
Medical and Healthcare	$	310,210	$	310,210	$	310,210
Professional Education		317,384		317,699		306,808
Technology and Business		185,582		185,978		215,925
Total	$	813,176	$	813,887	$	832,943

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
Acquisitions		-		-			4,121			4,121
Foreign exchange rate changes		-		155			(419	)		(264	)
Balance at December 31, 2017		310,210		306,808			215,925			832,943
Acquisitions		-		11,527			-			11,527
Purchase accounting adjustments		-		-			1,515			1,515
Foreign exchange rate changes		-		(636	)		(31,462	)		(32,098	)
Balance at June 30, 2018		310,210		317,699			185,978			813,887
Foreign exchange rate changes		-		(315	)		(396	)		(711	)
Balance at December 31, 2018	$	310,210	$	317,384		$	185,582		$	813,176

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	2018		2018		2017
Medical and Healthcare	$	137,500	$	137,500	$	137,500
Professional Education		69,105		69,126		67,812
Technology and Business		111,086		111,324		130,403
Total	$	317,691	$	317,950	$	335,715