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INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consist of the following (in thousands):
|  | June 30, 2018 |  |  |
|  | Gross ‎ Carrying ‎ Amount |  |  | Accumulated ‎ Amortization |  |  | Weighted Average ‎ Amortization ‎ Period
Amortizable Intangible Assets: |  |  |  |  |  |  |  |  |  |
Student Relationships |  | $ | 8,193 |  |  | $ | (6,972 | ) |  | 5 Years
Customer Relationships |  |  | 42,900 |  |  |  | (9,598 | ) |  | 10 Years
Non-compete Agreements |  |  | 700 |  |  |  | (700 | ) |  | 1 Year
Curriculum/Software |  |  | 6,833 |  |  |  | (4,265 | ) |  | 4 Years
Franchise Contracts |  |  | 9,064 |  |  |  | (1,720 | ) |  | 18 Years
Clinical Agreements |  |  | 336 |  |  |  | (112 | ) |  | 15 Years
Trade Names |  |  | 976 |  |  |  | (904 | ) |  | 10 Years
Proprietary Technology |  |  | 500 |  |  |  | (250 | ) |  | 4 Years
Total |  | $ | 69,502 |  |  | $ | (24,521 | ) |  |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |
Trade Names |  | $ | 106,132 |  |  |  |  |  |  |
Ross Title IV Eligibility and Accreditations |  |  | 14,100 |  |  |  |  |  |  |
Intellectual Property |  |  | 13,940 |  |  |  |  |  |  |
Chamberlain Title IV Eligibility and Accreditations |  |  | 1,200 |  |  |  |  |  |  |
AUC Title IV Eligibility and Accreditations |  |  | 100,000 |  |  |  |  |  |  |
Adtalem Brazil Accreditation |  |  | 82,578 |  |  |  |  |  |  |
Total |  | $ | 317,950 |  |  |  |  |  |  |
|  | June 30, 2017 |
|  | Gross ‎ Carrying ‎ Amount |  |  | Accumulated ‎ Amortization |
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 |  |  |  |  |
Ross Title IV Eligibility and Accreditations |  |  | 14,100 |  |  |  |  |
Intellectual Property |  |  | 13,940 |  |  |  |  |
Chamberlain Title IV Eligibility and Accreditations |  |  | 1,200 |  |  |  |  |
AUC Title IV Eligibility and Accreditations |  |  | 100,000 |  |  |  |  |
Adtalem Brazil Accreditation |  |  | 97,179 |  |  |  |  |
Total |  | $ | 335,938 |  |  |  |  |
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):
|  | Professional |  |  | Adtalem |  |  |  |
Fiscal Year |  | Education |  |  | Brazil |  |  | Total |
2019 |  | $ | 6,422 |  |  | $ | 1,728 |  |  | $ | 8,150 |
2020 |  |  | 4,671 |  |  |  | 1,270 |  |  |  | 5,941 |
2021 |  |  | 4,440 |  |  |  | 775 |  |  |  | 5,215 |
2022 |  |  | 4,300 |  |  |  | 526 |  |  |  | 4,826 |
2023 |  |  | 4,118 |  |  |  | 526 |  |  |  | 4,644 |
Thereafter |  |  | 11,268 |  |  |  | 4,937 |  |  |  | 16,205 |
Changes in Carrying Amount of Goodwill, by Segment | The table below summarizes goodwill balances by reporting unit (in thousands):
Reporting Unit |  | June 30, 2018 |  |  | June 30, 2017 |
Chamberlain |  | $ | 4,716 |  |  | $ | 4,716 |
AUC |  |  | 68,321 |  |  |  | 68,321 |
RUSM and RUSVM |  |  | 237,173 |  |  |  | 237,173 |
Professional Education |  |  | 317,699 |  |  |  | 306,653 |
Adtalem Brazil |  |  | 185,978 |  |  |  | 212,223 |
Total |  | $ | 813,887 |  |  | $ | 829,086 |
The table below summarizes goodwill balances by reporting segment (in thousands):
Reporting Segment |  | June 30, 2018 |  |  | June 30, 2017 |
Medical and Healthcare |  | $ | 310,210 |  |  | $ | 310,210 |
Professional Education |  |  | 317,699 |  |  |  | 306,653 |
Technology and Business |  |  | 185,978 |  |  |  | 212,223 |
Total |  | $ | 813,887 |  |  | $ | 829,086 |
The table below summarizes the changes in the carrying amount of goodwill by reporting segment (in thousands):
|  | Medical and ‎ Healthcare |  |  | Professional ‎ Education |  |  | Technology ‎ and Business |  |  | Total |
Balance at June 30, 2016 |  | $ | 310,210 |  |  | $ | 32,043 |  |  | $ | 223,558 |  |  | $ | 565,811 |
Purchase Accounting Adjustments |  |  | - |  |  |  | - |  |  |  | (3,603 | ) |  |  | (3,603 | )
Acquisitions |  |  | - |  |  |  | 274,689 |  |  |  | - |  |  |  | 274,689 |
Foreign exchange rate changes |  |  | - |  |  |  | (79 | ) |  |  | (7,732 | ) |  |  | (7,811 | )
Balance at June 30, 2017 |  |  | 310,210 |  |  |  | 306,653 |  |  |  | 212,223 |  |  |  | 829,086 |
Acquisitions |  |  | - |  |  |  | 11,527 |  |  |  | 5,636 |  |  |  | 17,163 |
Foreign exchange rate changes |  |  | - |  |  |  | (481 | ) |  |  | (31,881 | ) |  |  | (32,362 | )
Balance at June 30, 2018 |  | $ | 310,210 |  |  | $ | 317,699 |  |  | $ | 185,978 |  |  | $ | 813,887 |
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):
Reporting Segment |  | June 30, 2018 |  |  | June 30, 2017 |
Medical and Healthcare |  | $ | 137,500 |  |  | $ | 137,500 |
Professional Education |  |  | 69,126 |  |  |  | 67,812 |
Technology and Business |  |  | 111,324 |  |  |  | 130,626 |
Total |  | $ | 317,950 |  |  | $ | 335,938 |

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