XML 32 R23.htm IDEA: XBRL DOCUMENT
v3.8.0.1

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables) | 9 Months Ended
--- | ---
Mar. 31, 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 discontinued operations (in thousands).
|  | March 31, |  | June 30, |  | March 31, |
|  | 2018 |  | 2017 |  | 2017 |
ASSETS: |  |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 707 |  | $ | 1,553 |  | $ | 1,120 |
Restricted Cash |  |  | 9,237 |  |  | 4,358 |  |  | 3,463 |
Accounts Receivable, Net |  |  | 9,624 |  |  | 11,957 |  |  | 32,008 |
Prepaid Expenses and Other Current Assets |  |  | 7,956 |  |  | 4,850 |  |  | 6,800 |
Total Current Assets Held for Sale |  |  | 27,524 |  |  | 22,718 |  |  | 43,391 |
Land, Building and Equipment Held for Sale, Net |  |  | - |  |  | 45,502 |  |  | 48,331 |
Noncurrent Assets: |  |  |  |  |  |  |  |  |  |
Intangible Assets |  |  | - |  |  | 1,645 |  |  | 1,645 |
Goodwill |  |  | - |  |  | 22,196 |  |  | 22,196 |
Perkins Program Fund, Net |  |  | 13,450 |  |  | 13,450 |  |  | 13,450 |
Other Assets, Net |  |  | - |  |  | 999 |  |  | 968 |
Total Noncurrent Assets Held for Sale |  |  | 13,450 |  |  | 38,290 |  |  | 38,259 |
Total Assets Held for Sale |  | $ | 40,974 |  | $ | 106,510 |  | $ | 129,981 |
LIABILITIES: |  |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |
Accounts Payable |  | $ | 13,831 |  | $ | 17,868 |  | $ | 16,318 |
Accrued Salaries, Wages and Benefits |  |  | 8,544 |  |  | 14,580 |  |  | 10,530 |
Accrued Liabilities |  |  | 2,001 |  |  | 8,728 |  |  | 7,631 |
Deferred Revenue |  |  | 31,432 |  |  | 1,788 |  |  | 42,052 |
Total Current Liabilities Held for Sale |  |  | 55,808 |  |  | 42,964 |  |  | 76,531 |
Total Liabilities Held for Sale |  | $ | 55,808 |  | $ | 42,964 |  | $ | 76,531 |
The following is a summary of income statement information of operations reported as discontinued operations (in thousands).
|  | Three Months Ended |  | Nine Months Ended |
|  | March 31, |  | March 31, |
|  | 2018 |  | 2017 |  | 2018 |  | 2017 |
REVENUE: |  |  |  |  |  |  |  |  |  |  |  |  |
Tuition |  | $ | 82,067 |  | $ | 111,548 |  | $ | 254,906 |  | $ | 341,678 |
Other Educational |  |  | 8,515 |  |  | 7,867 |  |  | 22,066 |  |  | 20,993 |
Total Revenue |  |  | 90,582 |  |  | 119,415 |  |  | 276,972 |  |  | 362,671 |
OPERATING COST AND EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of Educational Services |  |  | 44,758 |  |  | 57,029 |  |  | 145,154 |  |  | 180,855 |
Student Services and Administrative Expense |  |  | 42,644 |  |  | 54,090 |  |  | 128,541 |  |  | 156,174 |
Restructuring Expense |  |  | 6,150 |  |  | 4,967 |  |  | 13,964 |  |  | 8,751 |
Asset Impairment Charge - Intangible and Goodwill |  |  | - |  |  | - |  |  | 23,841 |  |  | - |
Asset Impairment Charge - Building and Equipment |  |  | 5,738 |  |  | - |  |  | 29,129 |  |  | - |
Loss on Sale of Assets |  |  | - |  |  | - |  |  | 230 |  |  | - |
Regulatory Settlements |  |  | - |  |  | - |  |  | - |  |  | 4,102 |
Loss on Assets Held for Sale |  |  | - |  |  | - |  |  | - |  |  | 4,764 |
Total Operating Cost and Expense |  |  | 99,290 |  |  | 116,086 |  |  | 340,859 |  |  | 354,646 |
Operating (Loss) Income from Discontinued Operations |  |  | (8,708) |  |  | 3,329 |  |  | (63,887) |  |  | 8,025 |
Interest Income |  |  | - |  |  | - |  |  | - |  |  | 20 |
(Loss) Income from Discontinued Operations Before |  |  |  |  |  |  |  |  |  |  |  |  |
Income Taxes |  |  | (8,708) |  |  | 3,329 |  |  | (63,887) |  |  | 8,045 |
Income Tax Benefit |  |  | 3,483 |  |  | 377 |  |  | 23,854 |  |  | 2,329 |
(Loss) Income from Discontinued Operations |  | $ | (5,225) |  | $ | 3,706 |  | $ | (40,033) |  | $ | 10,374 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration