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SEGMENT INFORMATION
 6 Months Ended
Dec. 31, 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 (under the DeVry Medical International reporting unit), 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 income, 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 income (loss) 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 4: Summary of Significant Accounting Policies.”
 
Following is a tabulation of business segment information based on the segmentation for the three and six months ended December 31, 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 December 31,
 
For the Six Months
Ended December 31,
 
 
 
2016
 
2015
 
2016
 
2015
 
Revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
Medical and Healthcare
 
$
233,855
 
$
234,374
 
$
470,609
 
$
458,358
 
International and Professional Education
 
 
100,752
 
 
62,403
 
 
193,722
 
 
121,076
 
Business, Technology and Management
 
 
122,395
 
 
160,212
 
 
243,285
 
 
319,678
 
Intersegment Revenue and Other
 
 
(652)
 
 
(786)
 
 
(1,374)
 
 
(1,497)
 
Total Consolidated Revenue
 
$
456,350
 
$
456,203
 
$
906,242
 
$
897,615
 
Operating Income (Loss):
 
 
 
 
 
 
 
 
 
 
 
 
 
Medical and Healthcare
 
$
45,872
 
$
(56,941)
 
$
87,714
 
$
(22,688)
 
International and Professional Education
 
 
13,616
 
 
7,846
 
 
17,697
 
 
9,884
 
Business, Technology and Management (1)
 
 
600
 
 
(4,362)
 
 
(7,385)
 
 
(29,611)
 
Home Office and Other (1)
 
 
(55,242)
 
 
(2,920)
 
 
(60,073)
 
 
(5,717)
 
Total Consolidated Operating Income (Loss)
 
$
4,846
 
$
(56,377)
 
$
37,953
 
$
(48,132)
 
Interest:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Income
 
$
993
 
$
240
 
$
2,051
 
$
367
 
Interest Expense
 
 
(2,300)
 
 
(1,847)
 
 
(4,415)
 
 
(4,173)
 
Net Interest Expense
 
 
(1,307)
 
 
(1,607)
 
 
(2,364)
 
 
(3,806)
 
Total Consolidated Income (Loss) Before Income
 
 
 
 
 
 
 
 
 
 
 
 
 
Taxes
 
$
3,539
 
$
(57,984)
 
$
35,589
 
$
(51,938)
 
Segment Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Medical and Healthcare
 
$
932,085
 
$
914,206
 
$
932,085
 
$
914,206
 
International and Professional Education
 
 
1,041,764
 
 
537,397
 
 
1,041,764
 
 
537,397
 
Business, Technology and Management
 
 
213,431
 
 
355,113
 
 
213,431
 
 
355,113
 
Home Office and Other (2)
 
 
114,153
 
 
85,824
 
 
114,153
 
 
85,824
 
Total Consolidated Assets
 
$
2,301,433
 
$
1,892,540
 
$
2,301,433
 
$
1,892,540
 
Additions to Long-Lived Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Medical and Healthcare
 
$
4,100
 
$
7,813
 
$
8,610
 
$
18,481
 
International and Professional Education
 
 
2,828
 
 
183,499
 
 
371,271
 
 
189,160
 
Business, Technology and Management
 
 
845
 
 
3,346
 
 
1,635
 
 
6,529
 
Home Office and Other
 
 
1,315
 
 
4,346
 
 
2,542
 
 
7,587
 
Total Consolidated Additions to Long-Lived Assets
 
$
9,088
 
$
199,004
 
$
384,058
 
$
221,757
 
Reconciliation to Consolidated Financial Statements:
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
 
$
9,088
 
$
18,295
 
$
20,406
 
$
41,048
 
Increase in Capital Assets from Acquisitions
 
 
-
 
 
13,487
 
 
4,913
 
 
13,487
 
Increase in Intangible Assets and Goodwill
 
 
-
 
 
167,222
 
 
358,739
 
 
167,222
 
Total Increase in Consolidated Long-Lived Assets
 
$
9,088
 
$
199,004
 
$
384,058
 
$
221,757
 
Depreciation Expense:
 
 
 
 
 
 
 
 
 
 
 
 
 
Medical and Healthcare
 
$
7,921
 
$
8,046
 
$
15,590
 
$
15,980
 
International and Professional Education
 
 
2,349
 
 
1,312
 
 
4,457
 
 
2,746
 
Business, Technology and Management
 
 
4,761
 
 
7,156
 
 
9,524
 
 
14,465
 
Home Office and Other
 
 
3,060
 
 
3,179
 
 
5,996
 
 
6,179
 
Total Consolidated Depreciation
 
$
18,091
 
$
19,693
 
$
35,567
 
$
39,370
 
Intangible Asset Amortization Expense:
 
 
 
 
 
 
 
 
 
 
 
 
 
Medical and Healthcare
 
$
-
 
$
65
 
$
-
 
$
125
 
International and Professional Education
 
 
2,432
 
 
1,313
 
 
5,695
 
 
2,425
 
Total Consolidated Amortization
 
$
2,432
 
$
1,378
 
$
5,695
 
$
2,550
 
 
(1) Business, Technology and Management and Home Office and Other Operating Income (Loss) includes $4.1 million and $52.2 million in charges, respectively, in the three and six months ended December 31, 2016 for regulatory settlements as described in "Note 3: Regulatory Settlements."
 
(2) Home Office and Other Segment Assets in fiscal year 2016 have been revised to reflect the reclassification of deferred tax assets and liabilities related to adoption of ASU No. 2015-17 "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes."
 
DeVry Group conducts its educational operations in the U.S., Dominica, St. Kitts, St. Maarten, Brazil, Canada, Europe, the Middle East, India, China and the Pacific Rim. Other international revenue, which is derived principally from Europe and the Pacific Rim, was less than 5% of total revenue for each of the three-month and six-month periods ended December 31, 2016 and 2015. Revenue and long-lived assets by geographic area are as follows (in thousands):
   
 
 
For the Three Months
Ended December 31,
 
For the Six Months
Ended December 31,
 
 
 
2016
 
2015
 
2016
 
2015
 
Revenue from Unaffiliated Customers:
 
 
 
 
 
 
 
 
 
 
 
 
 
Domestic Operations
 
$
293,588
 
$
321,729
 
$
595,620
 
$
645,725
 
International Operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
Dominica, St. Kitts and St. Maarten
 
 
88,542
 
 
91,851
 
 
176,846
 
 
174,700
 
Brazil
 
 
73,387
 
 
40,089
 
 
131,627
 
 
73,342
 
Other
 
 
833
 
 
2,534
 
 
2,149
 
 
3,848
 
Total International
 
 
162,762
 
 
134,474
 
 
310,622
 
 
251,890
 
Total Consolidated Revenue
 
$
456,350
 
$
456,203
 
$
906,242
 
$
897,615
 
Long-Lived Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Domestic Operations
 
$
265,549
 
$
338,048
 
$
265,549
 
$
338,048
 
International Operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
Dominica, St. Kitts and St. Maarten
 
 
190,796
 
 
185,605
 
 
190,796
 
 
185,605
 
Brazil
 
 
111,096
 
 
84,019
 
 
111,096
 
 
84,019
 
Other
 
 
3,575
 
 
57
 
 
3,575
 
 
57
 
Total International
 
 
305,467
 
 
269,681
 
 
305,467
 
 
269,681
 
Total Consolidated Long-Lived Assets
 
$
571,016
 
$
607,729
 
$
571,016
 
$
607,729
 
 
No one customer accounted for more than 10% of DeVry Group's consolidated revenue.