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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
Tabulation of Business Segment Information Based on Current Segmentation | Following is a tabulation of business segment information based on the segmentation for the three months ended September 30, 2016 and 2015. Home Office and Other information is included where it is needed to reconcile segment data to the Consolidated Financial Statements (in thousands).
|  | For the Three Months Ended September 30, |
|  | 2016 |  | 2015 |
Revenue: |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 236,754 |  | $ | 223,984 |
International and Professional Education |  |  | 92,970 |  |  | 58,673 |
Business, Technology and Management |  |  | 120,890 |  |  | 159,466 |
Intersegment Revenue and Other |  |  | (722) |  |  | (710) |
Total Consolidated Revenue |  | $ | 449,892 |  | $ | 441,413 |
Operating Income (Loss): |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 41,842 |  | $ | 34,252 |
International and Professional Education |  |  | 4,081 |  |  | 2,038 |
Business, Technology and Management |  |  | (7,985) |  |  | (25,249) |
Home Office and Other |  |  | (4,831) |  |  | (2,794) |
Total Consolidated Operating Income |  | $ | 33,107 |  | $ | 8,247 |
Interest: |  |  |  |  |  |  |
Interest Income |  | $ | 1,058 |  | $ | 127 |
Interest Expense |  |  | (2,115) |  |  | (2,326) |
Net Interest Expense |  |  | (1,057) |  |  | (2,199) |
Total Consolidated Income Before Income Taxes |  | $ | 32,050 |  | $ | 6,048 |
Segment Assets: |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 961,809 |  | $ | 1,231,104 |
International and Professional Education |  |  | 1,037,249 |  |  | 337,036 |
Business, Technology and Management |  |  | 244,279 |  |  | 471,571 |
Home Office and Other |  |  | 81,019 |  |  | 66,898 |
Total Consolidated Assets |  | $ | 2,324,356 |  | $ | 2,106,609 |
Additions to Long-Lived Assets: |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 4,510 |  | $ | 10,668 |
International and Professional Education |  |  | 368,495 |  |  | 5,661 |
Business, Technology and Management |  |  | 790 |  |  | 3,183 |
Home Office and Other |  |  | 1,227 |  |  | 3,241 |
Total Consolidated Additions to Long-Lived Assets |  | $ | 375,022 |  | $ | 22,753 |
Reconciliation to Consolidated Financial Statements: |  |  |  |  |  |  |
Capital Expenditures |  | $ | 11,318 |  | $ | 22,753 |
Increase in Capital Assets from Acquisitions |  |  | 4,913 |  |  | - |
Increase in Intangible Assets and Goodwill |  |  | 358,791 |  |  | - |
Total Increase in Consolidated Long-Lived Assets |  | $ | 375,022 |  | $ | 22,753 |
Depreciation Expense: |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 7,669 |  | $ | 7,934 |
International and Professional Education |  |  | 2,108 |  |  | 1,434 |
Business, Technology and Management |  |  | 4,763 |  |  | 7,309 |
Home Office and Other |  |  | 2,936 |  |  | 3,000 |
Total Consolidated Depreciation |  | $ | 17,476 |  | $ | 19,677 |
Intangible Asset Amortization Expense: |  |  |  |  |  |  |
Medical and Healthcare |  | $ | - |  | $ | 60 |
International and Professional Education |  |  | 3,263 |  |  | 1,112 |
Total Consolidated Amortization |  | $ | 3,263 |  | $ | 1,172 |
Revenues and Long-Lived Assets by Geographic Area | Revenue and long-lived assets by geographic area are as follows (in thousands):
|  | For the Three Months Ended September 30, |
|  | 2016 |  | 2015 |
Revenue from Unaffiliated Customers: |  |  |  |  |  |  |
Domestic Operations |  | $ | 302,046 |  | $ | 323,998 |
International Operations: |  |  |  |  |  |  |
Dominica, St. Kitts and St. Maarten |  |  | 88,304 |  |  | 82,849 |
Brazil |  |  | 58,240 |  |  | 33,252 |
Other |  |  | 1,302 |  |  | 1,314 |
Total International |  |  | 147,846 |  |  | 117,415 |
Total Consolidated Revenue |  | $ | 449,892 |  | $ | 441,413 |
Long-Lived Assets: |  |  |  |  |  |  |
Domestic Operations |  | $ | 284,961 |  | $ | 347,188 |
International Operations: |  |  |  |  |  |  |
Dominica, St. Kitts and St. Maarten |  |  | 189,235 |  |  | 184,731 |
Brazil |  |  | 110,772 |  |  | 49,322 |
Other |  |  | 3,416 |  |  | 67 |
Total International |  |  | 303,423 |  |  | 234,120 |
Total Consolidated Long-Lived Assets |  | $ | 588,384 |  | $ | 581,308 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 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 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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