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SEGMENT INFORMATION | 6 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
SEGMENT INFORMATION | NOTE 15: SEGMENT INFORMATION Beginning in the second quarter of fiscal year 2018, DeVry University operations is classified as discontinued operations as discussed in “Note 2: Discontinued Operations and Assets Held for Sale.” Therefore, segment information presented excludes the results of DeVry University, which is presented as discontinued operations in the Consolidated Financial Statements. Discontinued operations assets are included in the table below to reconcile to Total Consolidated Assets presented on the Consolidated Balance Sheets. In addition, certain expenses previously allocated to DeVry University within the U.S. Traditional Postsecondary segment have been reclassified to the Home Office and Other segment based on discontinued operating reporting guidance regarding allocation of corporate overhead. Adtalem’s principal business is the provision of educational services. During the third quarter of fiscal year 2017, Adtalem effected a change to reportable segments to align with current strategic priorities and resource allocation. As of the quarter ended March 31, 2017, Adtalem presents four reporting segments: “Medical and Healthcare,” which includes the operations of Chamberlain and the medical and veterinary schools (which include AUC, RUSM and RUSVM); “Professional Education,” which includes the operations of Becker and ACAMS; “Technology and Business,” which includes the operations of Adtalem Brazil; and “U.S. Traditional Postsecondary,” which includes the operations of Carrington. Prior period amounts have been reclassified to conform to the current reportable segment presentation. These segments are consistent with the method by which the Chief Operating Decision Maker (Adtalem’s President and Chief Executive Officer) evaluates performance and allocates resources. Performance evaluations are based, in part, on each segment’s operating income. Intersegment sales are accounted for at amounts comparable to sales to nonaffiliated customers and are eliminated in consolidation. “Home Office and Other” includes activity not allocated to a reporting segment and is included to reconcile segment results to the Consolidated Financial Statements. The accounting policies of the segments are the same as those described in “Note 4: Summary of Significant Accounting Policies.” Summary financial information by reporting segment is as follows (in thousands):
|  | Three Months Ended December 31, |  | Six Months Ended December 31, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 203,297 |  | $ | 201,409 |  | $ | 394,582 |  | $ | 401,178 |
Professional Education |  |  | 30,359 |  |  | 27,366 |  |  | 70,401 |  |  | 62,096 |
Technology and Business |  |  | 75,133 |  |  | 73,387 |  |  | 137,572 |  |  | 131,627 |
U.S. Traditional Postsecondary |  |  | 29,033 |  |  | 32,445 |  |  | 61,168 |  |  | 69,431 |
Home Office and Other |  |  | (578) |  |  | (649) |  |  | (1,201) |  |  | (1,347) |
Total Consolidated Revenue |  | $ | 337,244 |  | $ | 333,958 |  | $ | 662,522 |  | $ | 662,985 |
Operating Income (Loss): |  |  |  |  |  |  |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 55,047 |  | $ | 52,152 |  | $ | 81,279 |  | $ | 96,016 |
Professional Education |  |  | 2,193 |  |  | 134 |  |  | 12,700 |  |  | 6,191 |
Technology and Business |  |  | 13,991 |  |  | 13,482 |  |  | 15,852 |  |  | 11,506 |
U.S. Traditional Postsecondary |  |  | (5,779) |  |  | (6,281) |  |  | (11,293) |  |  | (8,301) |
Home Office and Other (1) |  |  | (10,068) |  |  | (60,957) |  |  | (17,412) |  |  | (72,156) |
Total Consolidated Operating Income (Loss) |  | $ | 55,384 |  | $ | (1,470) |  | $ | 81,126 |  | $ | 33,256 |
Segment Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 954,114 |  | $ | 956,510 |  | $ | 954,114 |  | $ | 956,510 |
Professional Education |  |  | 444,029 |  |  | 456,824 |  |  | 444,029 |  |  | 456,824 |
Technology and Business |  |  | 610,803 |  |  | 581,355 |  |  | 610,803 |  |  | 581,355 |
U.S. Traditional Postsecondary |  |  | 55,008 |  |  | 57,246 |  |  | 55,008 |  |  | 57,246 |
Home Office and Other |  |  | 105,192 |  |  | 134,225 |  |  | 105,192 |  |  | 134,225 |
Discontinued Operations |  |  | 41,576 |  |  | 115,273 |  |  | 41,576 |  |  | 115,273 |
Total Consolidated Assets |  | $ | 2,210,722 |  | $ | 2,301,433 |  | $ | 2,210,722 |  | $ | 2,301,433 |
Additions to Long-Lived Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 8,669 |  | $ | 3,541 |  | $ | 14,336 |  | $ | 6,844 |
Professional Education |  |  | 298 |  |  | - |  |  | 1,221 |  |  | 363,658 |
Technology and Business |  |  | 12,407 |  |  | 2,828 |  |  | 15,748 |  |  | 7,613 |
U.S. Traditional Postsecondary |  |  | 360 |  |  | 559 |  |  | 1,121 |  |  | 1,766 |
Home Office and Other |  |  | 2,463 |  |  | 1,315 |  |  | 4,305 |  |  | 2,542 |
Total Consolidated Additions to Long-Lived Assets |  | $ | 24,197 |  | $ | 8,243 |  | $ | 36,731 |  | $ | 382,423 |
Reconciliation to Consolidated Financial Statements: |  |  |  |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  | $ | 20,060 |  | $ | 8,243 |  | $ | 32,594 |  | $ | 18,771 |
Increase in Capital Assets from Acquisitions |  |  | 16 |  |  | - |  |  | 16 |  |  | 4,913 |
Increase in Intangible Assets and Goodwill |  |  | 4,121 |  |  | - |  |  | 4,121 |  |  | 358,739 |
Total Increase in Consolidated Long-Lived Assets |  | $ | 24,197 |  | $ | 8,243 |  | $ | 36,731 |  | $ | 382,423 |
Depreciation Expense: |  |  |  |  |  |  |  |  |  |  |  |  |
Medical and Healthcare |  | $ | 6,332 |  | $ | 6,720 |  | $ | 12,909 |  | $ | 13,198 |
Professional Education |  |  | 289 |  |  | 180 |  |  | 527 |  |  | 347 |
Technology and Business |  |  | 2,477 |  |  | 2,169 |  |  | 5,103 |  |  | 4,110 |
U.S. Traditional Postsecondary |  |  | 1,169 |  |  | 1,201 |  |  | 2,300 |  |  | 2,392 |
Home Office and Other |  |  | 1,853 |  |  | 3,060 |  |  | 4,026 |  |  | 5,996 |
Total Consolidated Depreciation Expense |  | $ | 12,120 |  | $ | 13,330 |  | $ | 24,865 |  | $ | 26,043 |
Intangible Asset Amortization Expense: |  |  |  |  |  |  |  |  |  |  |  |  |
Professional Education |  | $ | 1,626 |  | $ | 1,884 |  | $ | 3,251 |  | $ | 3,786 |
Technology and Business |  |  | 837 |  |  | 548 |  |  | 1,709 |  |  | 1,909 |
Total Consolidated Amortization Expense |  | $ | 2,463 |  | $ | 2,432 |  | $ | 4,960 |  | $ | 5,695 |
(1) Home Office and Other Operating Loss includes $52.2 million in charges in the three and six months ended December 31, 2016 for regulatory settlements as described in “Note 3: Regulatory Settlements.” Adtalem 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, 2017 and 2016. Revenue and long-lived assets by geographic area are as follows (in thousands):
|  | Three Months Ended December 31, |  | Six Months Ended December 31, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Revenue from Unaffiliated Customers: |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic Operations |  | $ | 173,128 |  | $ | 171,196 |  | $ | 357,288 |  | $ | 352,363 |
International Operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Dominica, St. Kitts and St. Maarten |  |  | 88,236 |  |  | 88,542 |  |  | 165,614 |  |  | 176,846 |
Brazil |  |  | 75,133 |  |  | 73,387 |  |  | 137,572 |  |  | 131,627 |
Other |  |  | 747 |  |  | 833 |  |  | 2,048 |  |  | 2,149 |
Total International |  |  | 164,116 |  |  | 162,762 |  |  | 305,234 |  |  | 310,622 |
Total Consolidated Revenue |  | $ | 337,244 |  | $ | 333,958 |  | $ | 662,522 |  | $ | 662,985 |
Long-Lived Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic Operations |  | $ | 177,562 |  | $ | 211,319 |  | $ | 177,562 |  | $ | 211,319 |
International Operations: |  |  |  |  |  |  |  |  |  |  |  |  |
Dominica, St. Kitts and St. Maarten |  |  | 167,841 |  |  | 190,796 |  |  | 167,841 |  |  | 190,796 |
Brazil |  |  | 106,884 |  |  | 111,096 |  |  | 106,884 |  |  | 111,096 |
Other |  |  | 4,143 |  |  | 3,575 |  |  | 4,143 |  |  | 3,575 |
Total International |  |  | 278,868 |  |  | 305,467 |  |  | 278,868 |  |  | 305,467 |
Total Consolidated Long-Lived Assets |  | $ | 456,430 |  | $ | 516,786 |  | $ | 456,430 |  | $ | 516,786 |
No one customer accounted for more than 10% of Adtalem’s consolidated revenue.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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