XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.5.0.2

SEGMENT INFORMATION | 12 Months Ended
--- | ---
Jun. 30, 2016
Segment Reporting [Abstract] |
SEGMENT INFORMATION | NOTE 15: SEGMENT INFORMATION DeVry Group’s principal business is providing postsecondary education. DeVry Group presents three reportable segments: “Medical and Healthcare,” which includes the operations of AUC, RUSM, RUSVM, Chamberlain and Carrington; “International and Professional Education,” which includes the operations of DeVry Brasil and Becker; and “Business, Technology and Management,” which is comprised solely of DeVry University. These segments are consistent with the method by which the Chief Operating Decision Maker (DeVry Group’s President and Chief Executive Officer) evaluates performance and allocates resources. Performance evaluations are based, in part, on each segment’s operating (loss) income from continuing operations, which is defined as income before special charges, noncontrolling interest, income taxes and interest. Interest and certain home office related expenses are reconciling items in arriving at consolidated (loss) income from continuing operations before income taxes. Intersegment sales are accounted for at amounts comparable to sales to nonaffiliated customers and are eliminated in consolidation. The consistent measure of segment assets excludes deferred income tax assets and certain depreciable Home Office and Other assets. Additions to long-lived assets have been measured in this same manner. Reconciling items are included as Home Office and Other assets. The accounting policies of the segments are the same as those described in “Note 3: Summary of Significant Accounting Policies.” Following is a tabulation of business segment information based on the segmentation for each of the years ended June 30, 2016, 2015 and 2014. Home Office and Other information is included where it is needed to reconcile segment data to the Consolidated Financial Statements (in thousands).
|  | For the Year Ended June 30, |
|  | 2016 |  | 2015 |  | 2014 |
Revenue: |  |  |  |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 936,332 |  | $ | 859,477 |  | $ | 769,126 |
International and Professional Education |  |  | 299,018 |  |  | 258,839 |  |  | 228,057 |
Business, Technology and Management |  |  | 611,132 |  |  | 794,162 |  |  | 929,948 |
Intersegment Revenue and Other |  |  | (2,945) |  |  | (2,535) |  |  | (3,760) |
Total Consolidated Revenue |  | $ | 1,843,537 |  | $ | 1,909,943 |  | $ | 1,923,371 |
Operating Income (Loss) from Continuing Operations: |  |  |  |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 14,337 |  | $ | 146,503 |  | $ | 136,035 |
International and Professional Education |  |  | 41,665 |  |  | 36,796 |  |  | 42,744 |
Business, Technology and Management |  |  | (46,897) |  |  | (17,658) |  |  | 10,777 |
Home Office and Other |  |  | (21,248) |  |  | (8,731) |  |  | (8,288) |
Total Consolidated Operating (Loss) Income from Continuing Operations |  | $ | (12,143) |  | $ | 156,910 |  | $ | 181,268 |
Interest Income (Expense): |  |  |  |  |  |  |  |  |  |
Interest Income |  | $ | 779 |  | $ | 2,063 |  | $ | 1,731 |
Interest Expense |  |  | (5,934) |  |  | (5,313) |  |  | (3,632) |
Net Interest Expense |  | $ | (5,155) |  | $ | (3,250) |  | $ | (1,901) |
Total Consolidated (Loss) Income from Continuing Operations Before Income Taxes |  | $ | (17,298) |  | $ | 153,660 |  | $ | 179,367 |
Segment Assets: |  |  |  |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 892,758 |  | $ | 1,164,914 |  | $ | 1,149,244 |
International and Professional Education |  |  | 678,260 |  |  | 398,857 |  |  | 296,996 |
Business, Technology and Management |  |  | 261,251 |  |  | 400,536 |  |  | 433,833 |
Home Office and Other |  |  | 264,727 |  |  | 109,886 |  |  | 117,563 |
Total Consolidated Assets |  | $ | 2,096,996 |  | $ | 2,074,193 |  | $ | 1,997,636 |
Additions to Long-Lived Assets: |  |  |  |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 32,924 |  | $ | 60,029 |  | $ | 51,023 |
International and Professional Education |  |  | 208,075 |  |  | 139,474 |  |  | 39,862 |
Business, Technology and Management |  |  | 10,662 |  |  | 4,944 |  |  | 12,791 |
Home Office and Other |  |  | 10,806 |  |  | 9,704 |  |  | 6,064 |
Total Consolidated Additions to Long-Lived Assets |  | $ | 262,467 |  | $ | 214,151 |  | $ | 109,740 |
Reconciliation to Consolidated Financial Statements |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  | $ | 69,396 |  | $ | 88,707 |  | $ | 79,355 |
Increase in Capital Assets from Acquisitions |  |  | 13,778 |  |  | 10,921 |  |  | 2,257 |
Increase in Intangible Assets and Goodwill |  |  | 179,293 |  |  | 114,523 |  |  | 28,128 |
Total Increase in Consolidated Long-Lived Assets |  | $ | 262,467 |  | $ | 214,151 |  | $ | 109,740 |
Depreciation Expense: |  |  |  |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 33,620 |  | $ | 27,304 |  | $ | 24,831 |
International and Professional Education |  |  | 5,910 |  |  | 6,164 |  |  | 3,900 |
Business, Technology and Management |  |  | 27,075 |  |  | 37,267 |  |  | 43,713 |
Home Office and Other |  |  | 12,795 |  |  | 14,273 |  |  | 10,295 |
Total Consolidated Depreciation |  | $ | 79,400 |  | $ | 85,008 |  | $ | 82,739 |
Intangible Asset Amortization Expense: |  |  |  |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 255 |  | $ | 647 |  | $ | 3,647 |
International and Professional Education |  |  | 5,192 |  |  | 3,442 |  |  | 2,772 |
Total Consolidated Amortization |  | $ | 5,447 |  | $ | 4,089 |  | $ | 6,419 |
Certain amounts reported for Segment Assets in fiscal year 2015 and 2014 have been revised from Home Office and Other to the Medical and Healthcare and Business, Technology and Management segments. The revision aligns the reporting in this table of intangible assets and goodwill to the appropriate segments. The revision consists of a decrease to Home Office and Other Segment Assets of $27.5 million for the fiscal years ended 2014 and 2015 and an increase to Medical and Healthcare and Business, Technology and Management Segment Assets of $3.7 million and $23.8 million, respectively, for the fiscal years ended 2014 and 2015. DeVry Group conducts its educational operations in the U.S., Dominica, St. Kitts, St. Maarten, Brazil, Canada, Europe, the Middle East, India and the Pacific Rim. Other international revenue, which is derived principally from Canada, Europe and the Pacific Rim, was less than 5% of total revenue for the years ended June 30, 2016, 2015 and 2014. Revenue and long-lived assets by geographic area are as follows (in thousands):
|  | For the Year Ended June 30, |
|  | 2016 |  | 2015 |  | 2014 |
Revenue from Unaffiliated Customers: |  |  |  |  |  |  |  |  |  |
Domestic Operations |  | $ | 1,294,487 |  | $ | 1,401,301 |  | $ | 1,457,430 |
International Operations: |  |  |  |  |  |  |  |  |  |
Dominica, St. Kitts and St. Maarten |  |  | 346,235 |  |  | 337,782 |  |  | 328,218 |
Brazil |  |  | 196,097 |  |  | 159,231 |  |  | 125,511 |
Other |  |  | 6,718 |  |  | 11,629 |  |  | 12,212 |
Total International |  |  | 549,050 |  |  | 508,642 |  |  | 465,941 |
Consolidated |  | $ | 1,843,537 |  | $ | 1,909,943 |  | $ | 1,923,371 |
Long-Lived Assets: |  |  |  |  |  |  |  |  |  |
Domestic Operations |  | $ | 294,641 |  | $ | 356,183 |  | $ | 387,081 |
International Operations: |  |  |  |  |  |  |  |  |  |
Dominica, St. Kitts and St. Maarten |  |  | 190,513 |  |  | 186,258 |  |  | 169,542 |
Brazil |  |  | 106,878 |  |  | 54,517 |  |  | 48,927 |
Other |  |  | 3,388 |  |  | 118 |  |  | 184 |
Total International |  |  | 300,779 |  |  | 240,893 |  |  | 218,653 |
Consolidated |  | $ | 595,420 |  | $ | 597,076 |  | $ | 605,734 |
No one customer accounted for more than 10% of DeVry Group's consolidated revenue.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration