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INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consist of the following (in thousands):
|  | March 31, 2018 |  |  |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted Average Amortization Period
Amortizable Intangible Assets: |  |  |  |  |  |  |  |  |  |
Student Relationships |  | $ | 9,601 |  |  | $ | (7,831 | ) |  | 5 Years
Customer Relationships |  |  | 42,900 |  |  |  | (8,430 | ) |  | 10 Years
Non-compete Agreements |  |  | 700 |  |  |  | (691 | ) |  | 1 Year
Curriculum/Software |  |  | 7,148 |  |  |  | (3,901 | ) |  | 4 Years
Franchise Contracts |  |  | 10,621 |  |  |  | (1,868 | ) |  | 18 Years
Clinical Agreements |  |  | 393 |  |  |  | (125 | ) |  | 15 Years
Trade Names |  |  | 1,146 |  |  |  | (1,031 | ) |  | 10 Years
Proprietary Technology |  |  | 500 |  |  |  | (219 | ) |  | 4 Years
Total |  | $ | 73,009 |  |  | $ | (24,096 | ) |  |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |
Trade Names |  | $ | 109,755 |  |  |  |  |  |  |
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 |  |  | 97,234 |  |  |  |  |  |  |
Total |  | $ | 356,429 |  |  |  |  |  |  |
|  | 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 |  |  |  |  |
|  | March 31, 2017 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |
Amortizable Intangible Assets: |  |  |  |  |  |  |  |
Student Relationships |  | $ | 13,014 |  |  | $ | (9,149 | )
Customer Relationships |  |  | 42,900 |  |  |  | (3,735 | )
Non-compete Agreements |  |  | 1,640 |  |  |  | (1,439 | )
Curriculum/Software |  |  | 8,113 |  |  |  | (2,699 | )
Franchise Contracts |  |  | 11,087 |  |  |  | (1,335 | )
Clinical Agreements |  |  | 411 |  |  |  | (102 | )
Trade Names |  |  | 1,196 |  |  |  | (957 | )
Proprietary Technology |  |  | 500 |  |  |  | (94 | )
Total |  | $ | 78,861 |  |  | $ | (19,510 | )
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |
Trade Names |  | $ | 111,008 |  |  |  |  |
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 |  |  | 101,505 |  |  |  |  |
Total |  | $ | 361,953 |  |  |  |  |
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 |
2018 |  | $ | 6,501 |  |  | $ | 3,028 |  |  | $ | 9,529 |
2019 |  |  | 6,422 |  |  |  | 2,062 |  |  |  | 8,484 |
2020 |  |  | 4,671 |  |  |  | 1,452 |  |  |  | 6,123 |
2021 |  |  | 4,440 |  |  |  | 909 |  |  |  | 5,349 |
2022 |  |  | 4,300 |  |  |  | 616 |  |  |  | 4,916 |
Thereafter |  |  | 15,386 |  |  |  | 6,402 |  |  |  | 21,788 |
Changes in Carrying Amount of Goodwill, by Segment | The table below summarizes goodwill balances by reporting unit (in thousands):
|  | March 31, |  |  | June 30, |  |  | March 31, |
Reporting Unit |  | 2018 |  |  | 2017 |  |  | 2017 |
Chamberlain |  | $ | 4,716 |  |  | $ | 4,716 |  |  | $ | 4,716 |
AUC |  |  | 68,321 |  |  |  | 68,321 |  |  |  | 68,321 |
RUSM and RUSVM |  |  | 237,173 |  |  |  | 237,173 |  |  |  | 237,173 |
Professional Education |  |  | 319,528 |  |  |  | 306,653 |  |  |  | 306,444 |
Adtalem Brazil |  |  | 216,105 |  |  |  | 212,223 |  |  |  | 222,151 |
Total |  | $ | 845,843 |  |  | $ | 829,086 |  |  | $ | 838,805 |
The table below summarizes goodwill balances by reporting segment (in thousands):
|  | March 31, |  |  | June 30, |  |  | March 31, |
Reporting Segment |  | 2018 |  |  | 2017 |  |  | 2017 |
Medical and Healthcare |  | $ | 310,210 |  |  | $ | 310,210 |  |  | $ | 310,210 |
Professional Education |  |  | 319,528 |  |  |  | 306,653 |  |  |  | 306,444 |
Technology and Business |  |  | 216,105 |  |  |  | 212,223 |  |  |  | 222,151 |
Total |  | $ | 845,843 |  |  | $ | 829,086 |  |  | $ | 838,805 |
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 |  |  | - |  |  |  | (219 | ) |  |  | 1,715 |  |  |  | - |  |  |  | - |  |  |  | 1,496 |
Balance at March 31, 2017 |  |  | 310,210 |  |  |  | 306,444 |  |  |  | 222,151 |  |  |  | 185,717 |  |  |  | (185,717 | ) |  |  | 838,805 |
Purchase Accounting Adjustments |  |  | - |  |  |  | 69 |  |  |  | (481 | ) |  |  | - |  |  |  | - |  |  |  | (412 | )
Foreign exchange rate changes |  |  | - |  |  |  | 140 |  |  |  | (9,447 | ) |  |  | - |  |  |  | - |  |  |  | (9,307 | )
Balance at June 30, 2017 |  |  | 310,210 |  |  |  | 306,653 |  |  |  | 212,223 |  |  |  | 185,717 |  |  |  | (185,717 | ) |  |  | 829,086 |
Acquisitions |  |  | - |  |  |  | 12,548 |  |  |  | 3,807 |  |  |  | - |  |  |  | - |  |  |  | 16,355 |
Foreign exchange rate changes |  |  | - |  |  |  | 327 |  |  |  | 75 |  |  |  | - |  |  |  | - |  |  |  | 402 |
Balance at March 31, 2018 |  | $ | 310,210 |  |  | $ | 319,528 |  |  | $ | 216,105 |  |  | $ | 185,717 |  |  | $ | (185,717 | ) |  | $ | 845,843 |
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):
|  | March 31, |  |  | June 30, |  |  | March 31, |
Reporting Segment |  | 2018 |  |  | 2017 |  |  | 2017 |
Medical and Healthcare |  | $ | 137,500 |  |  | $ | 137,500 |  |  | $ | 137,500 |
Professional Education |  |  | 67,812 |  |  |  | 67,812 |  |  |  | 67,812 |
Technology and Business |  |  | 130,917 |  |  |  | 130,626 |  |  |  | 136,441 |
U.S. Traditional Postsecondary |  |  | 20,200 |  |  |  | 20,200 |  |  |  | 20,200 |
Total |  | $ | 356,429 |  |  | $ | 356,138 |  |  | $ | 361,953 |

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