Discontinued Operations and Assets Held for Sale (Tables)

6 Months Ended

Dec. 31, 2022

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 December 31, 2021, which includes ACAMS, Becker, OCL, and EduPristine (in thousands):

	December 31,
	2021
Assets:
Current assets:
Cash and cash equivalents	$	48,450
Accounts receivable, net		21,960
Prepaid expenses and other current assets		3,987
Total current assets held for sale		74,397
Noncurrent assets:
Property and equipment, net		14,065
Operating lease assets		1,172
Intangible assets, net		133,777
Goodwill		376,165
Other assets, net		4,149
Total noncurrent assets held for sale		529,328
Total assets held for sale	$	603,725
Liabilities:
Current liabilities:
Accounts payable	$	14,242
Accrued payroll and benefits		7,551
Accrued liabilities		3,752
Deferred revenue		31,017
Current operating lease liabilities		1,128
Total current liabilities held for sale		57,690
Noncurrent liabilities:
Long-term operating lease liabilities		342
Deferred income taxes		30,827
Other liabilities		917
Total noncurrent liabilities held for sale		32,086
Total liabilities held for sale	$	89,776

The following is a summary of income statement information of operations reported as discontinued operations, which includes ACAMS, Becker, OCL, and EduPristine operations through the date of each respective sale, a gain (loss) from post-closing working capital adjustments, and activity related to the DeVry University divestiture, which includes litigation and settlement costs we continue to incur and the earn-outs we received (in thousands):

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2022		2021		2022		2021
Revenue	$	—	$	53,082	$	—	$	112,339
Operating cost and expense:
Cost of educational services		—		8,914		—		19,974
Student services and administrative expense		(524)		39,060		2,914		93,307
Restructuring expense		—		949		—		949
Total operating cost and expense		(524)		48,923		2,914		114,230
Income (loss) from discontinued operations before income taxes		524		4,159		(2,914)		(1,891)
Gain (loss) on disposal of discontinued operations before income taxes		185		—		(3,174)		—
(Provision for) benefit from income taxes		(182)		(25,340)		2,961		(112)
Income (loss) from discontinued operations	$	527	$	(21,181)	$	(3,127)	$	(2,003)