DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Mar. 31, 2019

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 held for sale (in thousands):

	March 31,		June 30,		March 31,
	2019		2018		2018
ASSETS:
Current Assets:
Cash and Cash Equivalents	$	-	$	1	$	707
Restricted Cash		-		13,404		9,781
Accounts Receivable, Net		-		25,294		23,549
Prepaid Expenses and Other Current Assets		-		8,433		9,587
Total Current Assets Held for Sale		-		47,132		43,624
Land, Building and Equipment Held for Sale, Net		-		-		14,994
Noncurrent Assets:
Intangible Assets		-		-		20,200
Perkins Program Fund, Net		-		13,450		13,450
Other Assets, Net		-		-		3,471
Total Noncurrent Assets Held for Sale		-		13,450		37,121
Total Assets Held for Sale	$	-	$	60,582	$	95,739
LIABILITIES:
Current Liabilities:
Accounts Payable	$	-	$	24,312	$	18,190
Accrued Salaries, Wages and Benefits		-		13,979		11,610
Accrued Liabilities		-		1,514		2,548
Deferred Revenue		-		16,634		40,276
Total Current Liabilities Held for Sale		-		56,439		72,624
Noncurrent Liabilities:
Deferred Income Taxes		-		216		1,021
Total Noncurrent Liabilities Held for Sale		-		216		1,021
Total Liabilities Held for Sale	$	-	$	56,655	$	73,645

The following is a summary of income statement information of operations reported as discontinued operations (in thousands). The results include Carrington's and DeVry University's operations through the date of each respective sale. For the three months ended March 31, 2019, activity is related to adjustments to accounts based on settlement of balances.

	Three Months Ended						Nine Months Ended
	March 31,						March 31,
	2019			2018			2019			2018
REVENUE	$	-		$	122,705		$	195,716		$	370,263
OPERATING COST AND EXPENSE:
Cost of Educational Services		-			65,182			109,416			209,871
Student Services and Administrative Expense		(65	)		53,057			99,227			162,130
Restructuring (Gain) Expense		(1,973	)		6,150			(2,470	)		16,342
Asset Impairment Charge - Intangible and Goodwill		-			-			-			23,841
Asset Impairment Charge - Building and Equipment		-			5,738			1,953			29,129
Loss on Sale of Assets		-			-			-			230
Total Operating Cost and Expense		(2,038	)		130,127			208,126			441,543
Income (Loss) from Discontinued Operations Before Income Taxes		2,038			(7,422	)		(12,410	)		(71,280	)
Loss on Disposal of Discontinued Operations Before Income Taxes		(265	)		-			(32,979	)		-
Income Tax (Provision) Benefit		(120	)		3,851			7,212			25,741
Income (Loss) from Discontinued Operations	$	1,653		$	(3,571	)	$	(38,177	)	$	(45,539	)