XML 33 R24.htm IDEA: XBRL DOCUMENT
v3.10.0.1

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables) | 3 Months Ended
--- | ---
Sep. 30, 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 held for sale (in thousands):
|  | September 30, |  |  | June 30, |  |  | September 30, |
|  | 2018 |  |  | 2018 |  |  | 2017 |
ASSETS: |  |  |  |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 19,880 |  |  | $ | 1 |  |  | $ | 649 |
Restricted Cash |  |  | 15,967 |  |  |  | 13,404 |  |  |  | 5,887 |
Accounts Receivable, Net |  |  | 39,508 |  |  |  | 25,294 |  |  |  | 37,916 |
Prepaid Expenses and Other Current Assets |  |  | 9,479 |  |  |  | 8,433 |  |  |  | 9,717 |
Total Current Assets Held for Sale |  |  | 84,834 |  |  |  | 47,132 |  |  |  | 54,169 |
Land, Building and Equipment Held for Sale, Net |  |  | - |  |  |  | - |  |  |  | 59,154 |
Noncurrent Assets: |  |  |  |  |  |  |  |  |  |  |  |
Intangible Assets |  |  | - |  |  |  | - |  |  |  | 21,845 |
Goodwill |  |  | - |  |  |  | - |  |  |  | 22,196 |
Perkins Program Fund, Net |  |  | 13,450 |  |  |  | 13,450 |  |  |  | 13,450 |
Other Assets, Net |  |  | - |  |  |  | - |  |  |  | 4,881 |
Total Noncurrent Assets Held for Sale |  |  | 13,450 |  |  |  | 13,450 |  |  |  | 62,372 |
Total Assets Held for Sale |  | $ | 98,284 |  |  | $ | 60,582 |  |  | $ | 175,695 |
LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable |  | $ | 23,570 |  |  | $ | 24,312 |  |  | $ | 25,276 |
Accrued Salaries, Wages and Benefits |  |  | 8,327 |  |  |  | 13,979 |  |  |  | 11,090 |
Accrued Liabilities |  |  | 5,004 |  |  |  | 1,514 |  |  |  | 8,815 |
Deferred Revenue |  |  | 47,289 |  |  |  | 16,634 |  |  |  | 50,041 |
Total Current Liabilities Held for Sale |  |  | 84,190 |  |  |  | 56,439 |  |  |  | 95,222 |
Noncurrent Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deferred Income Taxes |  |  | 216 |  |  |  | 216 |  |  |  | 915 |
Total Noncurrent Liabilities Held for Sale |  |  | 216 |  |  |  | 216 |  |  |  | 915 |
Total Liabilities Held for Sale |  | $ | 84,406 |  |  | $ | 56,655 |  |  | $ | 96,137 |
The following is a summary of income statement information of operations reported as discontinued operations (in thousands):
|  | Three Months Ended |
|  | September 30, |
|  | 2018 |  |  | 2017 |
REVENUE |  | $ | 112,302 |  |  | $ | 127,882 |
OPERATING COST AND EXPENSE: |  |  |  |  |  |  |  |
Cost of Educational Services |  |  | 61,341 |  |  |  | 74,940 |
Student Services and Administrative Expense |  |  | 55,372 |  |  |  | 61,536 |
Restructuring (Gain) Expense |  |  | (518 | ) |  |  | 6,855 |
Asset Impairment Charge - Building and Equipment |  |  | 2,242 |  |  |  | - |
Total Operating Cost and Expense |  |  | 118,437 |  |  |  | 143,331 |
Operating Loss from Discontinued Operations |  |  | (6,135 | ) |  |  | (15,449 | )
Income Tax Benefit |  |  | 1,428 |  |  |  | 2,796 |
Loss from Discontinued Operations |  | $ | (4,707 | ) |  | $ | (12,653 | )

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration