ADTALEM GLOBAL EDUCATION INC.

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

Years Ended June 30, 2019, 2018 and 2017

(in thousands)


			Charged
	Balance at		to Costs			Charged						Balance
	Beginning		and			to Other						at End of
Description of Allowances and Reserves	of Year		Expenses			Accounts			Deductions			Year
Year Ended June 30, 2019
Deducted from accounts receivable for refunds	$	387	$	—		$	(387)	(e)	$	—		$	—
Deducted from accounts receivable for uncollectible accounts		27,582		19,137			881	(a)(f)		23,945	(b)		23,655
Deducted from long-term notes receivable for uncollectible notes		10		4			—			—			14
Deducted from deferred tax assets for valuation allowances		11,496		6,767			4			8,324			9,943
Restructuring expense reserve		38,927		8,870			—			22,714	(d)		25,083
Year Ended June 30, 2018
Deducted from accounts receivable for refunds	$	450	$	16,882	(c)	$	—		$	16,945	(b)	$	387
Deducted from accounts receivable for uncollectible accounts		24,570		16,925			(1,283)	(a)		12,630	(b)		27,582
Deducted from long-term notes receivable for uncollectible notes		15		(5)			—			—			10
Deducted from deferred tax assets for valuation allowances		9,456		2,266			(19)			207			11,496
Restructuring expense reserve		46,115		19,893			—			27,081	(d)		38,927
Year Ended June 30, 2017
Deducted from accounts receivable for refunds	$	690	$	15,525	(c)	$	—		$	15,765	(b)	$	450
Deducted from accounts receivable for uncollectible accounts		25,524		19,003			(240)	(a)		19,717	(b)		24,570
Deducted from long-term notes receivable for uncollectible notes		16		(1)			—			—			15
Deducted from deferred tax assets for valuation allowances		8,624		883			1,865			1,916			9,456
Restructuring expense reserve		48,223		27,620			—			29,728	(d)		46,115

(a)

Effects of foreign currency translation charged to Accumulated Other Comprehensive Loss.

(b)

Write-offs of uncollectable amounts and cash refunds.

(c)

Amounts recorded as a reduction of revenue, including adjustment for withdrawn students.

(d)

Payments and/or adjustments of liabilities for restructuring reserve.

(e)

Reclassification between accounts.

(f)

OnCourse Learning’s acquired balance.