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DISCONTINUED OPERATIONS
 12 Months Ended
Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS
NOTE 2: DISCONTINUED OPERATIONS
 
In December 2013, the assets of DeVry Group’s Advanced Academics Inc. (“AAI”) subsidiary, which had previously been disclosed as “held for sale” were divested. These assets were sold for $2.0 million, which approximated the recorded net book value of the assets on the date of sale. The operating results of AAI are separately disclosed in the Consolidated Statements of Income (Loss) as “Discontinued Operations – Income (Loss) from Operations of Divested Component.” The following is a summary of operating results of the discontinued operations for the years ended June 30, 2015 and 2014 (in thousands). The reported Income from Operations of Divested Component in fiscal year 2015 is comprised of $1.0 million in pre-tax income from the net settlement of service agreements and an adjustment of $5.0 million related to correction of an error to properly record the income tax benefit of the impairment charge taken in the first quarter of fiscal year 2014.
 
 
 
For the Year Ended June 30,
 
 
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) from Operations of Divested Component
 
$
-
 
$
1,011
 
$
(4,992)
 
Asset Impairment Charge and Gain on Sale
 
 
-
 
 
-
 
 
(13,105)
 
Restructuring Expense
 
 
-
 
 
-
 
 
(705)
 
Income Tax Benefit
 
 
-
 
 
4,565
 
 
1,845
 
Income (Loss) from Discontinued Operations, Net of Income Taxes
 
$
-
 
$
5,576
 
$
(16,957)