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DISCONTINUED OPERATIONS (Tables) | 6 Months Ended
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Dec. 31, 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):
|  | December 31, |  |  | June 30, |  |  | December 31, |
|  | 2018 |  |  | 2018 |  |  | 2017 |
ASSETS: |  |  |  |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | - |  |  | $ | 1 |  |  | $ | 902 |
Restricted Cash |  |  | - |  |  |  | 13,404 |  |  |  | 6,579 |
Accounts Receivable, Net |  |  | - |  |  |  | 25,294 |  |  |  | 25,404 |
Prepaid Expenses and Other Current Assets |  |  | - |  |  |  | 8,433 |  |  |  | 10,611 |
Total Current Assets Held for Sale |  |  | - |  |  |  | 47,132 |  |  |  | 43,496 |
Land, Building and Equipment Held for Sale, Net Noncurrent Assets: |  |  | - |  |  |  | - |  |  |  | 20,821 |
Intangible Assets |  |  | - |  |  |  | - |  |  |  | 20,200 |
Perkins Program Fund, Net |  |  | - |  |  |  | 13,450 |  |  |  | 13,450 |
Other Assets, Net |  |  | - |  |  |  | - |  |  |  | 3,420 |
Total Noncurrent Assets Held for Sale |  |  | - |  |  |  | 13,450 |  |  |  | 37,070 |
Total Assets Held for Sale |  | $ | - |  |  | $ | 60,582 |  |  | $ | 101,387 |
LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable |  | $ | - |  |  | $ | 24,312 |  |  | $ | 19,801 |
Accrued Salaries, Wages and Benefits |  |  | - |  |  |  | 13,979 |  |  |  | 13,846 |
Accrued Liabilities |  |  | - |  |  |  | 1,514 |  |  |  | 8,044 |
Deferred Revenue |  |  | - |  |  |  | 16,634 |  |  |  | 15,517 |
Total Current Liabilities Held for Sale |  |  | - |  |  |  | 56,439 |  |  |  | 57,208 |
Noncurrent Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deferred Income Taxes |  |  | - |  |  |  | 216 |  |  |  | 878 |
Total Noncurrent Liabilities Held for Sale |  |  | - |  |  |  | 216 |  |  |  | 878 |
Total Liabilities Held for Sale |  | $ | - |  |  | $ | 56,655 |  |  | $ | 58,086 |
The following is a summary of income statement information of operations reported as discontinued operations (in thousands). The results include Carrington's and DeVry University's operations through the date of each respective sale.
|  | Three Months Ended |  |  | Six Months Ended |
|  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
REVENUE |  | $ | 83,414 |  |  | $ | 119,674 |  |  | $ | 195,716 |  |  | $ | 247,557 |
OPERATING COST AND EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of Educational Services |  |  | 48,075 |  |  |  | 69,747 |  |  |  | 109,416 |  |  |  | 144,688 |
Student Services and Administrative Expense |  |  | 43,920 |  |  |  | 47,537 |  |  |  | 99,292 |  |  |  | 109,073 |
Restructuring Expense (Gain) |  |  | 21 |  |  |  | 3,337 |  |  |  | (497 | ) |  |  | 10,192 |
Asset Impairment Charge - Intangible and Goodwill |  |  | - |  |  |  | 23,841 |  |  |  | - |  |  |  | 23,841 |
Asset Impairment Charge - Building and Equipment |  |  | (289 | ) |  |  | 23,391 |  |  |  | 1,953 |  |  |  | 23,391 |
Loss on Sale of Assets |  |  | - |  |  |  | 230 |  |  |  | - |  |  |  | 230 |
Total Operating Cost and Expense |  |  | 91,727 |  |  |  | 168,083 |  |  |  | 210,164 |  |  |  | 311,415 |
Loss from Discontinued Operations Before Income Taxes |  |  | (8,313 | ) |  |  | (48,409 | ) |  |  | (14,448 | ) |  |  | (63,858 | )
Loss on Disposal of Discontinued Operations Before Income Taxes |  |  | (32,714 | ) |  |  | - |  |  |  | (32,714 | ) |  |  | - |
Income Tax Benefit |  |  | 5,904 |  |  |  | 19,094 |  |  |  | 7,332 |  |  |  | 21,890 |
Loss from Discontinued Operations |  | $ | (35,123 | ) |  | $ | (29,315 | ) |  | $ | (39,830 | ) |  | $ | (41,968 | )

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