Discontinued Operations and Assets Held for Sale (Tables)

3 Months Ended

Sep. 30, 2020

Discontinued Operations And Disposal Groups [Abstract]

Balance Sheet and Income Statement Information of Discontinued Operations

The following is a summary of balance sheet information of assets and liabilities reported as held for sale as of September 30, 2019, which includes only Adtalem Brazil balances as Carrington and DeVry University were sold prior to that date (in thousands):

	September 30,
	2019
Assets:
Current assets:
Cash and cash equivalents	$	96,902
Accounts receivable, net		64,915
Prepaid expenses and other current assets		8,056
Total current assets held for sale		169,873
Noncurrent assets:
Property and equipment, net		73,763
Operating lease assets		72,261
Deferred income taxes		5,163
Intangible assets, net		110,711
Goodwill		173,064
Other assets, net		9,972
Total noncurrent assets held for sale		444,934
Total assets held for sale	$	614,807
Liabilities:
Current liabilities:
Accounts payable	$	2,857
Accrued payroll and benefits		16,239
Accrued liabilities		9,800
Deferred revenue		11,104
Current operating lease liabilities		10,174
Total current liabilities held for sale		50,174
Noncurrent liabilities:
Long-term operating lease liabilities		62,367
Deferred income taxes		3,719
Other liabilities		16,707
Total noncurrent liabilities held for sale		82,793
Total liabilities held for sale	$	132,967

The following is a summary of income statement information of operations reported as discontinued operations, which includes Adtalem Brazil’s, Carrington’s, and DeVry University’s operations through the date of each respective sale (in thousands):

	Three Months Ended
	September 30,
	2020		2019
Revenue	$	—	$	45,652
Operating cost and expense:
Cost of educational services		—		33,948
Student services and administrative expense		10,084		14,373
Restructuring expense		—		35
Total operating cost and expense		10,084		48,356
Operating loss		(10,084)		(2,704)
Other income (expense):
Interest and dividend income		—		978
Interest expense		—		(1,157)
Net other expense		—		(179)
Loss from discontinued operations before income taxes		(10,084)		(2,883)
Benefit from (provision for) income taxes		2,477		(273)
Net loss from discontinued operations attributable to Adtalem	$	(7,607)	$	(3,156)