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INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consist of the following (in thousands):
|  | September 30, 2017 |  |  |
|  | Gross |  |  |  | Weighted Average |
|  | Carrying |  | Accumulated |  | Amortization |
|  | Amount |  | Amortization |  | Period |
Amortizable Intangible Assets: |  |  |  |  |  |  |  |  |
Student Relationships |  | $ | 11,561 |  | $ | (8,860) |  | 5 Years |
Customer Relationships |  |  | 42,900 |  |  | (6,092) |  | 10 Years |
Non-compete Agreements |  |  | 700 |  |  | (674) |  | 1 Year |
Curriculum/Software |  |  | 7,243 |  |  | (2,887) |  | 4 Years |
Franchise Contracts |  |  | 11,088 |  |  | (1,643) |  | 18 Years |
Clinical Agreements |  |  | 411 |  |  | (116) |  | 15 Years |
Trade Names |  |  | 1,196 |  |  | (1,017) |  | 10 Years |
Proprietary Technology |  |  | 500 |  |  | (156) |  | 4 Years |
Total |  | $ | 75,599 |  | $ | (21,445) |  |  |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |
Trade Names |  | $ | 111,010 |  |  |  |  |  |
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 |  |  |  |  |  |
Adtalem Brazil Accreditation |  |  | 101,512 |  |  |  |  |  |
Total |  | $ | 363,607 |  |  |  |  |  |
|  | June 30, 2017 |
|  | Gross |  | Accumulated |
|  | Carrying |  | Amortization |
|  | Amount |  |  |
Amortizable Intangible Assets: |  |  |  |  |  |  |
Student Relationships |  | $ | 12,459 |  | $ | (9,323) |
Customer Relationships |  |  | 42,900 |  |  | (4,923) |
Non-compete Agreements |  |  | 700 |  |  | (665) |
Curriculum/Software |  |  | 7,147 |  |  | (2,329) |
Franchise Contracts |  |  | 10,615 |  |  | (1,425) |
Clinical Agreements |  |  | 393 |  |  | (104) |
Trade Names |  |  | 1,145 |  |  | (945) |
Proprietary Technology |  |  | 500 |  |  | (125) |
Total |  | $ | 75,859 |  | $ | (19,839) |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |
Trade Names |  | $ | 109,519 |  |  |  |
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 |  |  |  |
Adtalem Brazil Accreditation |  |  | 97,179 |  |  |  |
Total |  | $ | 357,783 |  |  |  |
|  | September 30, 2016 |
|  | Gross |  | Accumulated |
|  | Carrying |  | Amortization |
|  | Amount |  |  |
Amortizable Intangible Assets: |  |  |  |  |  |  |
Student Relationships |  | $ | 14,333 |  | $ | (8,107) |
Customer Relationships |  |  | 42,900 |  |  | (1,367) |
Non-compete Agreements |  |  | 1,640 |  |  | (1,012) |
Curriculum/Software |  |  | 8,151 |  |  | (1,635) |
Franchise Contracts |  |  | 10,818 |  |  | (1,002) |
Clinical Agreements |  |  | 401 |  |  | (87) |
Trade Names |  |  | 1,167 |  |  | (875) |
Proprietary Technology |  |  | 500 |  |  | (31) |
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 |  |  |  |
Adtalem Brazil Accreditation |  |  | 99,048 |  |  |  |
Total |  | $ | 360,295 |  |  |  |
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):
|  | Becker and |  | Adtalem |  |  |
Fiscal Year |  | ACAMS |  | Brazil |  | Total |
2018 |  | $ | 6,501 |  | $ | 2,994 |  | $ | 9,495 |
2019 |  |  | 6,422 |  |  | 2,152 |  |  | 8,574 |
2020 |  |  | 4,671 |  |  | 1,515 |  |  | 6,186 |
2021 |  |  | 4,440 |  |  | 949 |  |  | 5,389 |
2022 |  |  | 4,300 |  |  | 643 |  |  | 4,943 |
Thereafter |  |  | 15,386 |  |  | 6,684 |  |  | 22,070 |
Changes in Carrying Amount of Goodwill, by Segment | The table below summarizes goodwill balances by reporting unit (in thousands):
|  | September 30, |  | June 30, |  | September 30, |
Reporting Unit |  | 2017 |  | 2017 |  | 2016 |
Chamberlain |  | $ | 4,716 |  | $ | 4,716 |  | $ | 4,716 |
AUC |  |  | 68,321 |  |  | 68,321 |  |  | 68,321 |
RUSM and RUSVM |  |  | 237,173 |  |  | 237,173 |  |  | 237,173 |
Becker and ACAMS |  |  | 306,776 |  |  | 306,653 |  |  | 306,642 |
Adtalem Brazil |  |  | 221,683 |  |  | 212,223 |  |  | 215,140 |
DeVry University |  |  | 22,196 |  |  | 22,196 |  |  | 22,196 |
Total |  | $ | 860,865 |  | $ | 851,282 |  | $ | 854,188 |
| The table below summarizes goodwill balances by reporting segment (in thousands):
|  | September 30, |  | June 30, |  | September 30, |
Reporting Segment |  | 2017 |  | 2017 |  | 2016 |
Medical and Healthcare |  | $ | 310,210 |  | $ | 310,210 |  | $ | 310,210 |
Professional Education |  |  | 306,776 |  |  | 306,653 |  |  | 306,642 |
Technology and Business |  |  | 221,683 |  |  | 212,223 |  |  | 215,140 |
U.S. Traditional Postsecondary |  |  | 22,196 |  |  | 22,196 |  |  | 22,196 |
Total |  | $ | 860,865 |  | $ | 851,282 |  | $ | 854,188 |
The table below summarizes the changes in the carrying amount of goodwill by segment (in thousands):
|  |  |  |  |  |  |  | U.S. Traditional |  |  |
|  |  |  |  |  |  |  | Postsecondary |  |  |
|  | Medical |  |  |  | Technology |  |  |  | Accumulated |  |  |
|  | and |  | Professional |  | and |  |  |  | Impairment |  |  |
|  | Healthcare |  | Education |  | Business |  | Gross |  | Losses |  | Total |
Balance at June 30, 2016 |  |  | 310,210 |  |  | 32,043 |  |  | 223,558 |  |  | 207,913 |  |  | (185,717) |  |  | 588,007 |
Purchase Accounting Adjustments |  |  | - |  |  | - |  |  | (4,481) |  |  | - |  |  | - |  |  | (4,481) |
Acquisitions |  |  | - |  |  | 274,672 |  |  | - |  |  | - |  |  | - |  |  | 274,672 |
Foreign exchange rate changes |  |  | - |  |  | (73) |  |  | (3,937) |  |  | - |  |  | - |  |  | (4,010) |
Balance at September 30, 2016 |  |  | 310,210 |  |  | 306,642 |  |  | 215,140 |  |  | 207,913 |  |  | (185,717) |  |  | 854,188 |
Purchase Accounting Adjustments |  |  | - |  |  | 17 |  |  | 878 |  |  | - |  |  | - |  |  | 895 |
Foreign exchange rate changes |  |  | - |  |  | (6) |  |  | (3,795) |  |  | - |  |  | - |  |  | (3,801) |
Balance at June 30, 2017 |  |  | 310,210 |  |  | 306,653 |  |  | 212,223 |  |  | 207,913 |  |  | (185,717) |  |  | 851,282 |
Foreign exchange rate changes |  |  | - |  |  | 123 |  |  | 9,460 |  |  | - |  |  | - |  |  | 9,583 |
Balance at September 30, 2017 |  | $ | 310,210 |  | $ | 306,776 |  | $ | 221,683 |  | $ | 207,913 |  | $ | (185,717) |  | $ | 860,865 |
Summary of Indefinite-Lived Intangible Assets Balances by Reporting Segment | The table below summarizes the indefinite-lived intangible asset balances by reporting segment (in thousands):
|  | September 30, |  | June 30, |  | September 30, |
Reporting Segment |  | 2017 |  | 2017 |  | 2016 |
Medical and Healthcare |  | $ | 137,500 |  | $ | 137,500 |  | $ | 137,500 |
Professional Education |  |  | 67,812 |  |  | 67,812 |  |  | 67,812 |
Technology and Business |  |  | 136,450 |  |  | 130,626 |  |  | 133,138 |
U.S. Traditional Postsecondary |  |  | 21,845 |  |  | 21,845 |  |  | 21,845 |
Total |  | $ | 363,607 |  | $ | 357,783 |  | $ | 360,295 |

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