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DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables) | 12 Months Ended
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Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Balance Sheet Information of Assets and Liabilities Reported as Discontinued Operations | The following is a summary of balance sheet information of assets and liabilities reported as held for sale (in thousands).
|  | June 30, |
|  | 2018 |  |  | 2017 |
ASSETS: |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 1 |  |  | $ | 1,553 |
Restricted Cash |  |  | 13,404 |  |  |  | 7,805 |
Accounts Receivable, Net |  |  | 25,294 |  |  |  | 24,685 |
Prepaid Expenses and Other Current Assets |  |  | 8,433 |  |  |  | 6,223 |
Total Current Assets Held for Sale |  |  | 47,132 |  |  |  | 40,266 |
Land, Building and Equipment Held for Sale, Net |  |  | - |  |  |  | 62,561 |
Noncurrent Assets: |  |  |  |  |  |  |  |
Intangible Assets |  |  | - |  |  |  | 21,845 |
Goodwill |  |  | - |  |  |  | 22,196 |
Perkins Program Fund, Net |  |  | 13,450 |  |  |  | 13,450 |
Other Assets, Net |  |  | - |  |  |  | 4,918 |
Total Noncurrent Assets Held for Sale |  |  | 13,450 |  |  |  | 62,409 |
Total Assets Held for Sale |  | $ | 60,582 |  |  | $ | 165,236 |
LIABILITIES: |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |
Accounts Payable |  | $ | 24,312 |  |  | $ | 21,202 |
Accrued Salaries, Wages and Benefits |  |  | 13,979 |  |  |  | 19,335 |
Accrued Liabilities |  |  | 1,514 |  |  |  | 9,182 |
Deferred Revenue |  |  | 16,634 |  |  |  | 14,016 |
Total Current Liabilities Held for Sale |  |  | 56,439 |  |  |  | 63,735 |
Noncurrent Liabilities: |  |  |  |  |  |  |  |
Deferred Income Taxes, Net |  |  | 216 |  |  |  | 983 |
Total Noncurrent Liabilities Held for Sale |  |  | 216 |  |  |  | 983 |
Total Liabilities Held for Sale |  | $ | 56,655 |  |  | $ | 64,718 |
The following is a summary of income statement information of operations reported as discontinued operations (in thousands).
|  | Year Ended June 30, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
REVENUE: |  |  |  |  |  |  |  |  |
Tuition |  | $ | 446,534 |  |  | $ | 566,721 |  |  | $ | 722,879 |
Other Educational |  |  | 37,734 |  |  |  | 35,170 |  |  |  | 40,583 |
Total Revenue |  |  | 484,268 |  |  |  | 601,891 |  |  |  | 763,462 |
OPERATING COST AND EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |
Cost of Educational Services |  |  | 271,357 |  |  |  | 323,949 |  |  |  | 417,827 |
Student Services and Administrative Expense |  |  | 222,323 |  |  |  | 249,109 |  |  |  | 301,403 |
Restructuring Expense |  |  | 18,507 |  |  |  | 16,852 |  |  |  | 71,838 |
Asset Impairment Charge - Intangibles and Goodwill |  |  | 44,041 |  |  |  | - |  |  |  | 147,660 |
Asset Impairment Charge - Building and Equipment |  |  | 51,972 |  |  |  | - |  |  |  | - |
Loss on Sale of Assets |  |  | 230 |  |  |  | - |  |  |  | - |
Regulatory Settlements |  |  | - |  |  |  | 4,102 |  |  |  | - |
Loss on Assets Held for Sale |  |  | - |  |  |  | 4,764 |  |  |  | - |
Gain on Sale of Assets |  |  | - |  |  |  | - |  |  |  | (7,032 | )
Total Operating Cost and Expense |  |  | 608,430 |  |  |  | 598,776 |  |  |  | 931,696 |
Operating (Loss) Income from Discontinued Operations |  |  | (124,162 | ) |  |  | 3,115 |  |  |  | (168,234 | )
Interest Income |  |  | - |  |  |  | 20 |  |  |  | 113 |
(Loss) Income from Discontinued Operations Before Income Taxes |  |  | (124,162 | ) |  |  | 3,135 |  |  |  | (168,121 | )
Income Tax Benefit (Provision) |  |  | 44,016 |  |  |  | (826 | ) |  |  | 39,869 |
(Loss) Income from Discontinued Operations |  | $ | (80,146 | ) |  | $ | 2,309 |  |  | $ | (128,252 | )

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