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INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consist of the following (in thousands):
|  | December 31, 2017 |  |  |
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Amortization Period |
Amortizable Intangible Assets: |  |  |  |  |  |  |  |  |
Student Relationships |  | $ | 11,049 |  | $ | (8,999) |  | 5 Years |
Customer Relationships |  |  | 42,900 |  |  | (7,261) |  | 10 Years |
Non-compete Agreements |  |  | 700 |  |  | (682) |  | 1 Year |
Curriculum/Software |  |  | 7,143 |  |  | (3,375) |  | 4 Years |
Franchise Contracts |  |  | 10,597 |  |  | (1,717) |  | 18 Years |
Clinical Agreements |  |  | 392 |  |  | (118) |  | 15 Years |
Trade Names |  |  | 1,143 |  |  | (1,000) |  | 10 Years |
Proprietary Technology |  |  | 500 |  |  | (187) |  | 4 Years |
Total |  | $ | 74,424 |  | $ | (23,339) |  |  |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |
Trade Names |  | $ | 109,462 |  |  |  |  |  |
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 |  |  | 97,013 |  |  |  |  |  |
Total |  | $ | 355,915 |  |  |  |  |  |
|  | 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 |  |  |  |
Carrington Title IV Eligibility and Accreditations |  |  | 20,200 |  |  |  |
AUC Title IV Eligibility and Accreditations |  |  | 100,000 |  |  |  |
Adtalem Brazil Accreditation |  |  | 97,179 |  |  |  |
Total |  | $ | 356,138 |  |  |  |
|  | December 31, 2016 |
|  | Gross Carrying Amount |  | Accumulated Amortization |
Amortizable Intangible Assets: |  |  |  |  |  |  |
Student Relationships |  | $ | 12,657 |  | $ | (8,324) |
Customer Relationships |  |  | 42,900 |  |  | (2,547) |
Non-compete Agreements |  |  | 1,640 |  |  | (1,226) |
Curriculum/Software |  |  | 8,143 |  |  | (2,206) |
Franchise Contracts |  |  | 10,783 |  |  | (1,148) |
Clinical Agreements |  |  | 399 |  |  | (93) |
Trade Names |  |  | 1,163 |  |  | (901) |
Proprietary Technology |  |  | 500 |  |  | (63) |
Total |  | $ | 78,185 |  | $ | (16,508) |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |
Trade Names |  | $ | 110,048 |  |  |  |
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 |  |  | 98,718 |  |  |  |
Total |  | $ | 358,206 |  |  |  |
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 |  | $ | 2,861 |  | $ | 9,362 |
2019 |  |  | 6,422 |  |  | 2,057 |  |  | 8,479 |
2020 |  |  | 4,671 |  |  | 1,448 |  |  | 6,119 |
2021 |  |  | 4,440 |  |  | 907 |  |  | 5,347 |
2022 |  |  | 4,300 |  |  | 615 |  |  | 4,915 |
Thereafter |  |  | 15,386 |  |  | 6,387 |  |  | 21,773 |
Changes in Carrying Amount of Goodwill, by Segment | The table below summarizes goodwill balances by reporting unit (in thousands):
|  | December 31, |  | June 30, |  | December 31, |
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 |  |  | 306,808 |  |  | 306,653 |  |  | 306,382 |
Adtalem Brazil |  |  | 215,925 |  |  | 212,223 |  |  | 216,050 |
Total |  | $ | 832,943 |  | $ | 829,086 |  | $ | 832,642 |
The table below summarizes goodwill balances by reporting segment (in thousands):
|  | December 31, |  | June 30, |  | December 31, |
Reporting Segment |  | 2017 |  | 2017 |  | 2016 |
Medical and Healthcare |  | $ | 310,210 |  | $ | 310,210 |  | $ | 310,210 |
Professional Education |  |  | 306,808 |  |  | 306,653 |  |  | 306,382 |
Technology and Business |  |  | 215,925 |  |  | 212,223 |  |  | 216,050 |
Total |  | $ | 832,943 |  | $ | 829,086 |  | $ | 832,642 |
The table below summarizes the changes in the carrying amount of goodwill by reporting 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 |  |  | 185,717 |  |  | (185,717) |  |  | 565,811 |
Purchase Accounting Adjustments |  |  | - |  |  | - |  |  | (3,122) |  |  | - |  |  | - |  |  | (3,122) |
Acquisitions |  |  | - |  |  | 274,620 |  |  | - |  |  | - |  |  | - |  |  | 274,620 |
Foreign exchange rate changes |  |  | - |  |  | (281) |  |  | (4,386) |  |  | - |  |  | - |  |  | (4,667) |
Balance at December 31, 2016 |  |  | 310,210 |  |  | 306,382 |  |  | 216,050 |  |  | 185,717 |  |  | (185,717) |  |  | 832,642 |
Purchase Accounting Adjustments |  |  | - |  |  | 69 |  |  | (481) |  |  | - |  |  | - |  |  | (412) |
Foreign exchange rate changes |  |  | - |  |  | 202 |  |  | (3,346) |  |  | - |  |  | - |  |  | (3,144) |
Balance at June 30, 2017 |  |  | 310,210 |  |  | 306,653 |  |  | 212,223 |  |  | 185,717 |  |  | (185,717) |  |  | 829,086 |
Acquisitions |  |  | - |  |  | - |  |  | 4,121 |  |  | - |  |  | - |  |  | 4,121 |
Foreign exchange rate changes |  |  | - |  |  | 155 |  |  | (419) |  |  | - |  |  | - |  |  | (264) |
Balance at December 31, 2017 |  | $ | 310,210 |  | $ | 306,808 |  | $ | 215,925 |  | $ | 185,717 |  | $ | (185,717) |  | $ | 832,943 |
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):
|  | December 31, |  | June 30, |  | December 31, |
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 |  |  | 130,403 |  |  | 130,626 |  |  | 132,694 |
U.S. Traditional Postsecondary |  |  | 20,200 |  |  | 20,200 |  |  | 20,200 |
Total |  | $ | 355,915 |  | $ | 356,138 |  | $ | 358,206 |

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