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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	)

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- 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.

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