INTANGIBLE ASSETS (Tables)

9 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consist of the following (in thousands):

	March 31, 2019
	Gross Carrying Amount		Accumulated Amortization			Weighted Average Amortization Period
Amortizable Intangible Assets:
Student Relationships	$	7,952	$	(7,401	)	5 Years
Customer Relationships		42,900		(13,071	)	10 Years
Curriculum/Software		6,810		(5,775	)	4 Years
Franchise Contracts		8,947		(2,071	)	18 Years
Clinical Agreements		331		(127	)	15 Years
Trade Names		965		(965	)	10 Years
Proprietary Technology		500		(344	)	4 Years
Total	$	68,405	$	(29,754	)
Indefinite-Lived Intangible Assets:
Trade Names	$	105,745
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		81,511
Total	$	316,496

	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

	March 31, 2018
	Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Student Relationships	$	9,601	$	(7,831	)
Customer Relationships		42,900		(8,430	)
Non-compete Agreements		700		(691	)
Curriculum/Software		7,148		(3,901	)
Franchise Contracts		10,621		(1,868	)
Clinical Agreements		393		(125	)
Trade Names		1,146		(1,031	)
Proprietary Technology		500		(219	)
Total	$	73,009	$	(24,096	)
Indefinite-Lived Intangible Assets:
Trade Names	$	109,755
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		97,234
Total	$	336,229

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 nine months ended March 31, 2019)	$	1,605	$	349	$	1,954
2020		4,671		1,223		5,894
2021		4,440		766		5,206
2022		4,300		519		4,819
2023		4,118		519		4,637
Thereafter		11,268		4,873		16,141

Changes in Carrying Amount of Goodwill, by Segment

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

	March 31,		June 30,		March 31,
Reporting Unit	2019		2018		2018
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		317,475		317,699		319,528
Adtalem Brazil		183,575		185,978		216,105
Total	$	811,260	$	813,887	$	845,843

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

	March 31,		June 30,		March 31,
Reporting Segment	2019		2018		2018
Medical and Healthcare	$	310,210	$	310,210	$	310,210
Professional Education		317,475		317,699		319,528
Technology and Business		183,575		185,978		216,105
Total	$	811,260	$	813,887	$	845,843

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		-		12,548			3,807			16,355
Foreign exchange rate changes		-		327			75			402
Balance at March 31, 2018		310,210		319,528			216,105			845,843
Purchase accounting adjustments		-		(1,021	)		1,829			808
Foreign exchange rate changes		-		(808	)		(31,956	)		(32,764	)
Balance at June 30, 2018		310,210		317,699			185,978			813,887
Foreign exchange rate changes		-		(224	)		(2,403	)		(2,627	)
Balance at March 31, 2019	$	310,210	$	317,475		$	183,575		$	811,260

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):

	March 31,		June 30,		March 31,
Reporting Segment	2019		2018		2018
Medical and Healthcare	$	137,500	$	137,500	$	137,500
Professional Education		69,111		69,126		67,812
Technology and Business		109,885		111,324		130,917
Total	$	316,496	$	317,950	$	336,229