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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
REVENUE:        
Tuition $ 296,126 $ 287,774 $ 878,333 $ 875,935
Other Educational 46,067 44,901 126,382 119,725
Total Revenue 342,193 332,675 1,004,715 995,660
OPERATING COST AND EXPENSE:        
Cost of Educational Services 179,736 182,216 554,647 548,850
Student Services and Administrative Expense 108,046 103,690 309,590 308,322
Restructuring Expense 621 2,804 5,562 9,117
Regulatory Settlements 0 0 0 52,150
Total Operating Cost and Expense 288,403 288,710 869,799 918,439
Operating Income from Continuing Operations 53,790 43,965 134,916 77,221
INTEREST:        
Interest Income 1,329 1,689 4,812 3,721
Interest Expense (2,850) (1,995) (7,247) (6,410)
Net Interest Expense (1,521) (306) (2,435) (2,689)
Income from Continuing Operations Before Income Taxes 52,269 43,659 132,481 74,532
Income Tax Provision (7,656) (7,343) (120,888) (4,980)
Equity Method Investment Loss (100) 0 (138) 0
Income from Continuing Operations 44,513 36,316 11,455 69,552
DISCONTINUED OPERATIONS (NOTE 2):        
(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
NET INCOME (LOSS) 39,288 40,022 (28,578) 79,926
Net Loss (Income) Attributable to Noncontrolling Interest 46 (163) (459) (502)
NET INCOME (LOSS) ATTRIBUTABLE TO ADTALEM GLOBAL EDUCATION 39,334 39,859 (29,037) 79,424
AMOUNTS ATTRIBUTABLE TO ADTALEM GLOBAL EDUCATION:        
Income from Continuing Operations 44,559 36,153 10,996 69,050
(Loss) Income from Discontinued Operations (5,225) 3,706 (40,033) 10,374
NET INCOME (LOSS) ATTRIBUTABLE TO ADTALEM GLOBAL EDUCATION $ 39,334 $ 39,859 $ (29,037) $ 79,424
Basic:        
Continuing Operations $ 0.73 $ 0.57 $ 0.18 $ 1.09
Discontinued Operations (0.09) 0.06 (0.65) 0.16
Total 0.64 0.63 (0.47) 1.25
Diluted:        
Continuing Operations 0.72 0.56 0.18 1.08
Discontinued Operations (0.08) 0.06 (0.64) 0.16
Total 0.63 0.62 (0.46) 1.24
Cash Dividends Declared per Common Share $ 0 $ 0 $ 0 $ 0.18