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INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consist of the following (in thousands):
|  | September 30, 2018 |  |  |  |
|  | Gross ‎ Carrying ‎ Amount |  |  | Accumulated ‎ Amortization |  |  | Weighted Average ‎ Amortization ‎ Period |
Amortizable Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |
Student Relationships |  | $ | 7,713 |  |  | $ | (6,799 | ) |  |  | 5 Years |
Customer Relationships |  |  | 42,900 |  |  |  | (10,756 | ) |  |  | 10​​​​​​​ Years |
Curriculum/Software |  |  | 6,755 |  |  |  | (4,730 | ) |  |  | 4 Years |
Franchise Contracts |  |  | 8,677 |  |  |  | (1,768 | ) |  |  | 18 Years |
Clinical Agreements |  |  | 321 |  |  |  | (112 | ) |  |  | 15 Years |
Trade Names |  |  | 936 |  |  |  | (889 | ) |  |  | 10 Years |
Proprietary Technology |  |  | 500 |  |  |  | (281 | ) |  |  | 4 Years |
Total |  | $ | 67,802 |  |  | $ | (25,335 | ) |  |  |  |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |
Trade Names |  | $ | 104,832 |  |  |  |  |  |  |  |  |
Ross Title IV Eligibility and Accreditations |  |  | 14,100 |  |  |  |  |  |  |  |  |
Intellectual Property |  |  | 13,940 |  |  |  |  |  |  |  |  |
Chamberlain Title IV Eligibility and Accreditations |  |  | 1,200 |  |  |  |  |  |  |  |  |
AUC Title IV Eligibility and Accreditations |  |  | 100,000 |  |  |  |  |  |  |  |  |
Adtalem Brazil Accreditation |  |  | 79,056 |  |  |  |  |  |  |  |  |
Total |  | $ | 313,128 |  |  |  |  |  |  |  |  |
|  | June 30, 2018 |
|  | Gross ‎ Carrying ‎ Amount |  |  | Accumulated ‎ Amortization |
Amortizable Intangible Assets: |  |  |  |  |  |  |  |
Student Relationships |  | $ | 8,193 |  |  | $ | (6,972 | )
Customer Relationships |  |  | 42,900 |  |  |  | (9,598 | )
Non-compete Agreements |  |  | 700 |  |  |  | (700 | )
Curriculum/Software |  |  | 6,833 |  |  |  | (4,265 | )
Franchise Contracts |  |  | 9,064 |  |  |  | (1,720 | )
Clinical Agreements |  |  | 336 |  |  |  | (112 | )
Trade Names |  |  | 976 |  |  |  | (904 | )
Proprietary Technology |  |  | 500 |  |  |  | (250 | )
Total |  | $ | 69,502 |  |  | $ | (24,521 | )
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |
Trade Names |  | $ | 106,132 |  |  |  |  |
Ross Title IV Eligibility and Accreditations |  |  | 14,100 |  |  |  |  |
Intellectual Property |  |  | 13,940 |  |  |  |  |
Chamberlain Title IV Eligibility and Accreditations |  |  | 1,200 |  |  |  |  |
AUC Title IV Eligibility and Accreditations |  |  | 100,000 |  |  |  |  |
Adtalem Brazil Accreditation |  |  | 82,578 |  |  |  |  |
Total |  | $ | 317,950 |  |  |  |  |
|  | September 30, 2017 |
|  | Gross ‎ Carrying ‎ Amount |  |  | Accumulated ‎ Amortization |
Amortizable Intangible Assets: |  |  |  |  |  |  |  |
Student Relationships |  | $ | 11,561 |  |  | $ | (8,860 | )
Customer Relationships |  |  | 42,900 |  |  |  | (6,092 | )
Non-compete Agreements |  |  | 700 |  |  |  | (674 | )
Curriculum/Software |  |  | 7,243 |  |  |  | (2,887 | )
Franchise Contracts |  |  | 11,088 |  |  |  | (1,643 | )
Clinical Agreements |  |  | 411 |  |  |  | (116 | )
Trade Names |  |  | 1,196 |  |  |  | (1,017 | )
Proprietary Technology |  |  | 500 |  |  |  | (156 | )
Total |  | $ | 75,599 |  |  | $ | (21,445 | )
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |
Trade Names |  | $ | 111,010 |  |  |  |  |
Ross Title IV Eligibility and Accreditations |  |  | 14,100 |  |  |  |  |
Intellectual Property |  |  | 13,940 |  |  |  |  |
Chamberlain Title IV Eligibility and Accreditations |  |  | 1,200 |  |  |  |  |
AUC Title IV Eligibility and Accreditations |  |  | 100,000 |  |  |  |  |
Adtalem Brazil Accreditation |  |  | 101,512 |  |  |  |  |
Total |  | $ | 341,762 |  |  |  |  |
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 |
2019 |  | $ | 6,422 |  |  | $ | 1,654 |  |  | $ | 8,076 |
2020 |  |  | 4,671 |  |  |  | 1,216 |  |  |  | 5,887 |
2021 |  |  | 4,440 |  |  |  | 742 |  |  |  | 5,182 |
2022 |  |  | 4,300 |  |  |  | 503 |  |  |  | 4,803 |
2023 |  |  | 4,119 |  |  |  | 503 |  |  |  | 4,622 |
Thereafter |  |  | 11,268 |  |  |  | 4,727 |  |  |  | 15,995 |
Changes in Carrying Amount of Goodwill, by Segment | The table below summarizes goodwill balances by reporting unit (in thousands):
|  | September 30, |  |  | June 30, |  |  | September 30, |
Reporting Unit |  | 2018 |  |  | 2018 |  |  | 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 |  |  | 317,029 |  |  |  | 317,699 |  |  |  | 306,776 |
Adtalem Brazil |  |  | 178,046 |  |  |  | 185,978 |  |  |  | 221,683 |
Total |  | $ | 805,285 |  |  | $ | 813,887 |  |  | $ | 838,669 |
The table below summarizes goodwill balances by reporting segment (in thousands):
|  | September 30, |  |  | June 30, |  |  | September 30, |
Reporting Segment |  | 2018 |  |  | 2018 |  |  | 2017 |
Medical and Healthcare |  | $ | 310,210 |  |  | $ | 310,210 |  |  | $ | 310,210 |
Professional Education |  |  | 317,029 |  |  |  | 317,699 |  |  |  | 306,776 |
Technology and Business |  |  | 178,046 |  |  |  | 185,978 |  |  |  | 221,683 |
Total |  | $ | 805,285 |  |  | $ | 813,887 |  |  | $ | 838,669 |
The table below summarizes the changes in goodwill balances by reporting segment (in thousands):
|  | Medical and ‎ Healthcare |  |  | Professional ‎ Education |  |  | Technology ‎ and Business |  |  | Total |
Balance at June 30, 2017 |  |  | 310,210 |  |  |  | 306,653 |  |  |  | 212,223 |  |  |  | 829,086 |
Foreign exchange rate changes |  |  | - |  |  |  | 123 |  |  |  | 9,460 |  |  |  | 9,583 |
Balance at September 30, 2017 |  |  | 310,210 |  |  |  | 306,776 |  |  |  | 221,683 |  |  |  | 838,669 |
Acquisitions |  |  | - |  |  |  | 11,527 |  |  |  | 5,636 |  |  |  | 17,163 |
Foreign exchange rate changes |  |  | - |  |  |  | (604 | ) |  |  | (41,341 | ) |  |  | (41,945 | )
Balance at June 30, 2018 |  |  | 310,210 |  |  |  | 317,699 |  |  |  | 185,978 |  |  |  | 813,887 |
Foreign exchange rate changes |  |  | - |  |  |  | (670 | ) |  |  | (7,932 | ) |  |  | (8,602 | )
Balance at September 30, 2018 |  | $ | 310,210 |  |  | $ | 317,029 |  |  | $ | 178,046 |  |  | $ | 805,285 |
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):
|  | September 30, |  |  | June 30, |  |  | September 30, |
Reporting Segment |  | 2018 |  |  | 2018 |  |  | 2017 |
Medical and Healthcare |  | $ | 137,500 |  |  | $ | 137,500 |  |  | $ | 137,500 |
Professional Education |  |  | 69,053 |  |  |  | 69,126 |  |  |  | 67,812 |
Technology and Business |  |  | 106,575 |  |  |  | 111,324 |  |  |  | 136,450 |
Total |  | $ | 313,128 |  |  | $ | 317,950 |  |  | $ | 341,762 |

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