DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables)

3 Months Ended

Sep. 30, 2019

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

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).

	September 30,		June 30,		September 30,
	2019		2019		2018
ASSETS:
Current Assets:
Cash and Cash Equivalents	$	96,902	$	95,243	$	94,423
Restricted Cash		—		—		15,967
Accounts Receivable, Net		64,915		74,269		98,089
Prepaid Expenses and Other Current Assets		8,056		8,411		19,162
Total Current Assets Held for Sale		169,873		177,923		227,641
Land, Building and Equipment Held for Sale, Net		73,763		81,250		81,029
Noncurrent Assets:
Operating Lease Assets		72,261		—		—
Intangible Assets, Net		110,711		120,108		115,429
Goodwill		173,064		187,195		178,046
Perkins Program Fund, Net		—		—		13,450
Other Assets, Net		9,972		10,338		8,465
Total Noncurrent Assets Held for Sale		366,008		317,641		315,390
Total Assets Held for Sale	$	609,644	$	576,814	$	624,060
LIABILITIES:
Current Liabilities:
Accounts Payable	$	2,857	$	4,242	$	25,896
Accrued Salaries, Wages and Benefits		16,239		17,828		22,526
Accrued Liabilities		9,800		10,193		14,580
Deferred Revenue		11,104		3,846		58,494
Current Operating Lease Liabilities		10,174		—		—
Total Current Liabilities Held for Sale		50,174		36,109		121,496
Noncurrent Liabilities:
Long-Term Operating Lease Liabilities		62,367		—		—
Deferred Income Taxes		—		—		216
Other Liabilities		14,101		16,146		21,196
Total Noncurrent Liabilities Held for Sale		76,468		16,146		21,412
Total Liabilities Held for Sale	$	126,642	$	52,255	$	142,908

The following is a summary of income statement information of operations reported as discontinued operations (in thousands).

	Three Months Ended
	September 30,
	2019		2018
REVENUE	$	45,652	$	159,554
OPERATING COST AND EXPENSE:
Cost of Educational Services		33,948		98,460
Student Services and Administrative Expense		14,373		64,706
Restructuring Expense (Gain)		35		(443)
Asset Impairment Charge - Building and Equipment		—		2,242
Total Operating Cost and Expense		48,356		164,965
Operating Loss from Discontinued Operations		(2,704)		(5,411)
OTHER INCOME (EXPENSE):
Interest and Dividend Income		978		976
Interest Expense		(1,157)		(1,284)
Net Other Expense		(179)		(308)
Loss from Discontinued Operations Before Income Taxes		(2,883)		(5,719)
Income Tax (Provision) Benefit		(273)		985
Loss from Discontinued Operations		(3,156)		(4,734)
Net Income Attributable to Noncontrolling Interest		—		(9)
Loss from Discontinued Operations Attributable to Adtalem Global Education	$	(3,156)	$	(4,743)