Segment Information (Tables)

9 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Tabulation of Business Segment Information Based on Current Segmentation

Summary financial information by reportable segment is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2024		2023		2024		2023
Revenue:
Chamberlain	$	170,338	$	149,737	$	466,487	$	426,538
Walden		150,607		132,874		439,023		395,715
Medical and Veterinary		91,713		86,471		269,235		263,932
Total consolidated revenue	$	412,658	$	369,082	$	1,174,745	$	1,086,185
Adjusted operating income:
Chamberlain	$	43,349	$	39,589	$	97,313	$	99,820
Walden		31,871		24,628		93,141		78,181
Medical and Veterinary		22,953		16,893		59,521		56,506
Home Office and Other		(8,391)		(8,142)		(21,315)		(16,867)
Total consolidated adjusted operating income		89,782		72,968		228,660		217,640
Reconciliation to Consolidated Financial Statements:
Restructuring expense		(473)		(1,278)		(1,217)		(17,706)
Business integration expense		(18,450)		(11,346)		(30,621)		(35,702)
Intangible amortization expense		(8,286)		(14,232)		(28,296)		(48,936)
Litigation reserve		—		—		(18,500)		—
Loss on assets held for sale		—		—		(647)		—
Debt modification costs		(848)		—		(848)		—
Gain on sale of assets		—		13,317		—		13,317
Total consolidated operating income		61,725		59,429		148,531		128,613
Interest expense		(16,560)		(14,457)		(48,910)		(47,806)
Other income, net		2,871		3,980		8,648		3,301
Total consolidated income from continuing operations before income taxes	$	48,036	$	48,952	$	108,269	$	84,108
Capital expenditures:
Chamberlain	$	9,811	$	4,002	$	20,853	$	6,920
Walden		5,311		1,198		10,872		2,291
Medical and Veterinary		3,648		1,277		6,928		2,192
Home Office and Other		2,916		2,832		13,361		7,653
Total consolidated capital expenditures	$	21,686	$	9,309	$	52,014	$	19,056
Depreciation expense:
Chamberlain	$	5,312	$	4,405	$	14,790	$	12,985
Walden		2,214		2,439		6,681		7,303
Medical and Veterinary		3,174		3,231		9,228		9,367
Home Office and Other		692		82		1,407		1,963
Total consolidated depreciation expense	$	11,392	$	10,157	$	32,106	$	31,618
Intangible amortization expense:
Walden	$	8,286	$	14,232	$	28,296	$	48,936
Total consolidated intangible amortization expense	$	8,286	$	14,232	$	28,296	$	48,936

Revenues by Geographic Area

Revenue by geographic area is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2024		2023		2024		2023
Revenue by geographic area:
Domestic operations	$	320,945	$	282,611	$	905,510	$	822,253
Barbados, St. Kitts, and St. Maarten		91,713		86,471		269,235		263,932
Total consolidated revenue	$	412,658	$	369,082	$	1,174,745	$	1,086,185