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INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consist of the following (in thousands):
|  | As of September 30, 2016 |  |  |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted Average Amortization Period
Amortizable Intangible Assets: |  |  |  |  |  |  |  |  |  |
Student Relationships |  | $ | 14,333 |  |  | $ | (8,107 | ) |  | 5 Years
Customer Relationships |  |  | 42,900 |  |  |  | (1,367 | ) |  | 10 Years
Non-compete Agreements |  |  | 1,640 |  |  |  | (1,012 | ) |  | 3 Years
Curriculum/Software |  |  | 8,151 |  |  |  | (1,635 | ) |  | 4 Years
Franchise Contracts |  |  | 10,818 |  |  |  | (1,002 | ) |  | 18 Years
Clinical Agreements |  |  | 401 |  |  |  | (87 | ) |  | 15 Years
Trade Names |  |  | 1,167 |  |  |  | (875 | ) |  | 10 Years
Proprietary Technology |  |  | 500 |  |  |  | (31 | ) |  | 4 Years
Total |  | $ | 79,910 |  |  | $ | (14,116 | ) |  |
Indefinite-lived Intangible Assets: |  |  |  |  |  |  |  |  |  |
Trade Names |  | $ | 110,162 |  |  |  |  |  |  |
Trademarks |  |  | 1,645 |  |  |  |  |  |  |
Ross Title IV Eligibility and Accreditations |  |  | 14,100 |  |  |  |  |  |  |
Intellectual Property |  |  | 13,940 |  |  |  |  |  |  |
Chamberlain Title IV Eligibility and Accreditations |  |  | 1,200 |  |  |  |  |  |  |
Carrington Title IV Eligibility and Accreditations |  |  | 20,200 |  |  |  |  |  |  |
AUC Title IV Eligibility and Accreditations |  |  | 100,000 |  |  |  |  |  |  |
DeVry Brasil Accreditation |  |  | 99,048 |  |  |  |  |  |  |
Total |  | $ | 360,295 |  |  |  |  |  |  |
|  | As of September 30, 2015 |  |  |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  |
Amortizable Intangible Assets: |  |  |  |  |  |  |  |  |  |
Student Relationships |  | $ | 6,111 |  |  | $ | (3,360 | ) |  |
Customer Relationships |  |  | 400 |  |  |  | (140 | ) |  |
Test Prep Relationships |  |  | 808 |  |  |  | (539 | ) |  |
Non-compete Agreements |  |  | 940 |  |  |  | (658 | ) |  |
Curriculum/Software |  |  | 1,922 |  |  |  | (1,506 | ) |  |
Outplacement Relationships |  |  | 3,900 |  |  |  | (1,829 | ) |  |
Franchise Contracts |  |  | 8,864 |  |  |  | (328 | ) |  |
Clinical Agreements |  |  | 328 |  |  |  | (49 | ) |  |
Trade Names |  |  | 957 |  |  |  | (622 | ) |  |
Total |  | $ | 24,230 |  |  | $ | (9,031 | ) |  |
Indefinite-lived Intangible Assets: |  |  |  |  |  |  |  |  |  |
Trade Names |  | $ | 45,566 |  |  |  |  |  |  |
Trademarks |  |  | 1,645 |  |  |  |  |  |  |
Ross Title IV Eligibility and Accreditations |  |  | 14,100 |  |  |  |  |  |  |
Intellectual Property |  |  | 13,940 |  |  |  |  |  |  |
Chamberlain Title IV Eligibility and Accreditations |  |  | 1,200 |  |  |  |  |  |  |
Carrington Title IV Eligibility and Accreditations |  |  | 67,200 |  |  |  |  |  |  |
AUC Title IV Eligibility and Accreditations |  |  | 100,000 |  |  |  |  |  |  |
DeVry Brasil Accreditation |  |  | 45,291 |  |  |  |  |  |  |
Total |  | $ | 288,942 |  |  |  |  |  |  |
Estimated Amortization Expense for Amortized Intangible Assets | Estimated amortization expense for amortizable intangible assets for the next five fiscal years ending June 30 and in the aggregate, by reporting unit, is as follows (in thousands):
Fiscal Year |  | DeVry Brasil |  | Becker |  | Total |
2017 |  | $ | 4,704 |  | $ | 7,482 |  | $ | 12,186 |
2018 |  |  | 3,281 |  |  | 6,501 |  |  | 9,782 |
2019 |  |  | 2,259 |  |  | 6,422 |  |  | 8,681 |
2020 |  |  | 1,529 |  |  | 4,671 |  |  | 6,200 |
2021 |  |  | 933 |  |  | 4,440 |  |  | 5,373 |
Thereafter |  |  | 7,149 |  |  | 19,686 |  |  | 26,835 |
Changes in Carrying Amount of Goodwill, by Segment | The table below summarizes goodwill balances by reporting unit as of September 30, 2016 (in thousands):
Reporting Unit |  | As of September 30, 2016 |
American University of the Caribbean School of Medicine |  | $ | 68,321 |
Ross University School of Medicine and Ross University School of Veterinary Medicine |  |  | 237,173 |
Chamberlain College of Nursing |  |  | 4,716 |
DeVry Brasil |  |  | 215,140 |
Becker Professional Education |  |  | 306,642 |
DeVry University |  |  | 22,196 |
Total |  | $ | 854,188 |
The table below summarizes goodwill balances by reporting segment as of September 30, 2016 (in thousands):
Reporting Segment |  | As of September 30, 2016 |
Medical and Healthcare |  | $ | 310,210 |
International and Professional Education |  |  | 521,782 |
Business, Technology and Management |  |  | 22,196 |
Total |  | $ | 854,188 |
The table below summarizes the changes in the carrying amount of goodwill by segment as of September 30, 2016 (in thousands):
|  | Medical and Healthcare |  | International |  | Business, |  |  |  |
|  |  |  |  | Accumulated |  | and |  | Technology |  |  |  |
|  |  |  |  | Impairment |  | Professional |  | and |  |  |  |
|  | Gross |  | Losses |  | Education |  | Management |  | Total |
Balance at June 30, 2014 |  | $ | 495,927 |  | $ | (86,933) |  | $ | 88,689 |  | $ | 22,196 |  | $ | 519,879 |
Acquisitions |  |  | - |  |  | - |  |  | 55,915 |  |  | - |  |  | 55,915 |
Foreign currency exchange rate changes |  |  | - |  |  | - |  |  | (23,465) |  |  | - |  |  | (23,465) |
Balance at June 30, 2015 |  |  | 495,927 |  |  | (86,933) |  |  | 121,139 |  |  | 22,196 |  |  | 552,329 |
Foreign currency exchange rate changes |  |  | - |  |  | - |  |  | (19,150) |  |  | - |  |  | (19,150) |
Balance at September 30, 2015 |  |  | 495,927 |  |  | (86,933) |  |  | 101,989 |  |  | 22,196 |  |  | 533,179 |
Purchase Accounting Adjustment |  |  | - |  |  | - |  |  | 4,575 |  |  | - |  |  | 4,575 |
Acquisitions |  |  | - |  |  | - |  |  | 116,007 |  |  | - |  |  | 116,007 |
Impairments |  |  | - |  |  | (98,784) |  |  | - |  |  | - |  |  | (98,784) |
Foreign currency exchange rate changes |  |  | - |  |  | - |  |  | 33,030 |  |  | - |  |  | 33,030 |
Balance at June 30, 2016 |  |  | 495,927 |  |  | (185,717) |  |  | 255,601 |  |  | 22,196 |  |  | 588,007 |
Purchase Accounting Adjustment |  |  | - |  |  | - |  |  | (4,481) |  |  | - |  |  | (4,481) |
Acquisitions |  |  | - |  |  | - |  |  | 274,672 |  |  | - |  |  | 274,672 |
Foreign currency exchange rate changes |  |  | - |  |  | - |  |  | (4,010) |  |  | - |  |  | (4,010) |
Balance at September 30, 2016 |  | $ | 495,927 |  | $ | (185,717) |  | $ | 521,782 |  | $ | 22,196 |  | $ | 854,188 |
Summary of Indefinite-Lived Intangible Assets Balances by Reporting Segment | The table below summarizes the indefinite-lived intangible asset balances by reporting segment as of September 30, 2016 (in thousands):
Reporting Segment |  | As of September 30, 2016 |
Medical and Healthcare |  | $ | 157,700 |
International and Professional Educational |  |  | 200,950 |
Business, Technology and Management |  |  | 1,645 |
Total |  | $ | 360,295 |

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