XML 64 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
 12 Months Ended
Jun. 30, 2012
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

DEVRY INC.

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

For the Years Ended June 30, 2012, 2011 and 2010

 

Description of Allowances and Reserves

    Balance
at
Beginning
of Period		      Charged
to Costs
and
Expenses		     Charged
to Other
Accounts		     Deductions(c)     Balance
at End of
Period		  
     (Dollars in thousands)  

FY2012

            

Deducted from accounts receivable for refunds

    $ 5,475      $ 48,225 (d)    $ (1,110 )(g)    $ 48,853      $ 3,737  

Deducted from accounts receivable for uncollectible accounts

      58,816        41,745        (1,083 )(a)      44,294        55,184  

Deducted from notes receivable for uncollectible notes

      10,295        913        —          460        10,748  

Deducted from contributions to Perkins loan program for uncollectible loans

      2,562        —          —          —          2,562  

Deducted from deferred tax assets for valuation allowances

      6,852        —          2,524 (e)      —          9,376  

Restructuring Expense Reserve

      —           7,102        —          1,424 (h)      5,678  

FY2011

            

Deducted from accounts receivable for refunds

    $ 6,866      $ 43,875 (d)    $ (2,833 )(g)    $ 42,433      $ 5,475  

Deducted from accounts receivable for uncollectible accounts

      56,257        44,182        764 (a)      42,387        58,816  

Deducted from notes receivable for uncollectible notes

      7,730        3,154        —          589        10,295  

Deducted from contributions to Perkins loan program for uncollectible loans

      2,562        —          —          —          2,562  

Deducted from deferred tax assets for valuation allowances

      6,852        —          —   (e)      —   (f)      6,852  

FY2010

            

Deducted from accounts receivable for refunds

    $ 4,423      $ 37,959 (d)    $ 1,750 (b)    $ 37,266      $ 6,866  

Deducted from accounts receivable for uncollectible accounts

      50,695        43,361        34 (b)      37,833        56,257  

Deducted from notes receivable for uncollectible notes

      5,454        6,809        —   (a)      4,533        7,730  

Deducted from contributions to Perkins loan program for uncollectible loans

      2,562        —          —          —          2,562  

Deducted from deferred tax assets for valuation allowances

      6,852        —          2,300 (e)      2,300 (f)      6,852  

 

(a) 

Effects of foreign currency translation charged to Accumulated Other Comprehensive Income.
(b) 

Amounts represent opening balances of reserve accounts of acquired businesses.
(c) 

Write-offs of uncollectable amounts and cash refunds for accounts and notes receivable related reserves. Payment of liabilities for restructuring reserve.
(d) 

Amounts recorded as a reduction of revenue.
(e) 

Change in related deferred tax balances.
(f) 

Utilization of deferred tax assets and expected realization of net operating loss carryforwards.
(g) 

Charged to deferred revenue accounts and effects of foreign currency translation charged to Accumulated Other Comprehensive Income.
(h) 

Payment of liabilities for restructuring reserve.