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INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consist of the following (in thousands):

		June 30, 2019
		Gross						Weighted Average
		Carrying			Accumulated			Amortization
		Amount			Amortization			Period
Amortizable Intangible Assets:
Student Relationships		$	8,109		$	(7,679)		5 Years
Customer Relationships			69,300			(14,448)		10 Years
Curriculum/Software			18,445			(6,500)		5 Years
Franchise Contracts			9,123			(2,238)		18 Years
Clinical Agreements			338			(135)		15 Years
Course Delivery Technology			7,200			(487)		5 Years
Total		$	112,515		$	(31,487)
Indefinite-Lived Intangible Assets:
Trade Names		$	124,711
Chamberlain Title IV Eligibility and Accreditations			1,200
AUC Title IV Eligibility and Accreditations			100,000
Ross Title IV Eligibility and Accreditations			14,100
Adtalem Brazil Accreditation			83,118
Intellectual Property			13,940
Total		$	337,069

		June 30, 2018
		Gross
		Carrying			Accumulated
		Amount			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)
Course Delivery Technology			500			(250)
Total		$	69,502		$	(24,521)
Indefinite-Lived Intangible Assets:
Trade Names		$	106,132
Chamberlain Title IV Eligibility and Accreditations			1,200
AUC Title IV Eligibility and Accreditations			100,000
Ross Title IV Eligibility and Accreditations			14,100
Adtalem Brazil Accreditation			82,578
Intellectual Property			13,940
Total		$	317,950

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):

		Financial			Adtalem
Fiscal Year		Services			Brazil			Total
2020		$	10,292		$	1,247		$	11,539
2021			10,113			781			10,894
2022			9,974			529			10,503
2023			9,792			529			10,321
2024			9,348			529			9,877
Thereafter			23,453			4,441			27,894

Changes in Carrying Amount of Goodwill, by Segment

The table below summarizes goodwill balances by reporting unit (in thousands):

Reporting Unit		June 30, 2019			June 30, 2018
Chamberlain		$	4,716		$	4,716
AUC			68,321			68,321
RUSM and RUSVM			237,173			237,173
Financial Services			377,046			317,699
Adtalem Brazil			187,195			185,978
Total		$	874,451		$	813,887

The table below summarizes goodwill balances by reporting segment (in thousands):

Reporting Segment		June 30, 2019			June 30, 2018
Medical and Healthcare		$	310,210		$	310,210
Financial Services			377,046			317,699
Business and Law			187,195			185,978
Total		$	874,451		$	813,887

The table below summarizes the changes in the carrying amount of goodwill by reporting segment (in thousands):

		Medical and			Financial			Business and
		Healthcare			Services			Law			Total
Balance at June 30, 2017		$	310,210		$	306,653		$	212,223		$	829,086
Acquisitions			—			11,527			5,636			17,163
Foreign exchange rate changes			—			(481)			(31,881)			(32,362)
Balance at June 30, 2018			310,210			317,699			185,978			813,887
Acquisitions			—			59,519			—			59,519
Foreign exchange rate changes			—			(172)			1,217			1,045
Balance at June 30, 2019		$	310,210		$	377,046		$	187,195		$	874,451

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):

Reporting Segment		June 30, 2019			June 30, 2018
Medical and Healthcare		$	137,500		$	137,500
Financial Services			87,517			69,126
Business and Law			112,052			111,324
Total		$	337,069		$	317,950

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Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Name Accounting Standards Codification
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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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