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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.