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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
REVENUE $ 308,609 $ 310,070 $ 909,393 $ 911,424
OPERATING COST AND EXPENSE:        
Cost of Educational Services 156,339 159,312 463,224 489,931
Student Services and Administrative Expense 102,062 97,633 300,548 276,000
Restructuring Expense 3,902 621 47,095 3,184
Insurance Settlement Gain 0 0 (15,571) 0
Total Operating Cost and Expense 262,303 257,566 795,296 769,115
Operating Income from Continuing Operations 46,306 52,504 114,097 142,309
OTHER INCOME (EXPENSE):        
Interest and Dividend Income 2,003 1,329 6,121 4,812
Interest Expense (5,269) (2,850) (17,027) (7,247)
Investment Gain (Loss) 715 0 (407) 0
Net Other Expense (2,551) (1,521) (11,313) (2,435)
Income from Continuing Operations Before Income Taxes 43,755 50,983 102,784 139,874
Income Tax Provision (7,542) (8,024) (18,820) (122,775)
Equity Method Investment Loss 0 (100) 0 (138)
Income from Continuing Operations 36,213 42,859 83,964 16,961
DISCONTINUED OPERATIONS (NOTE 2):        
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) 0 (32,979) 0
Income Tax (Provision) Benefit (120) 3,851 7,212 25,741
Income (Loss) from Discontinued Operations 1,653 (3,571) (38,177) (45,539)
NET INCOME (LOSS) 37,866 39,288 45,787 (28,578)
Net Loss (Income) Attributable to Noncontrolling Interest 39 46 (117) (459)
NET INCOME (LOSS) ATTRIBUTABLE TO ADTALEM GLOBAL EDUCATION 37,905 39,334 45,670 (29,037)
AMOUNTS ATTRIBUTABLE TO ADTALEM GLOBAL EDUCATION:        
Income from Continuing Operations 36,252 42,905 83,847 16,502
Income (Loss) from Discontinued Operations 1,653 (3,571) (38,177) (45,539)
NET INCOME (LOSS) ATTRIBUTABLE TO ADTALEM GLOBAL EDUCATION $ 37,905 $ 39,334 $ 45,670 $ (29,037)
Basic:        
Continuing Operations $ 0.62 $ 0.70 $ 1.42 $ 0.27
Discontinued Operations 0.03 (0.06) (0.64) (0.74)
Total 0.65 0.64 0.77 (0.47)
Diluted:        
Continuing Operations 0.62 0.69 1.40 0.26
Discontinued Operations 0.03 (0.06) (0.64) (0.73)
Total $ 0.64 $ 0.63 $ 0.76 $ (0.46)