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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Dec. 31, 2018
Fair Value Disclosures [Abstract] |
Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents Adtalem's assets and liabilities at December 31, 2018, that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands):
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash and Cash Equivalents |  | $ | 294,801 |  |  | $ | - |  |  | $ | - |
Marketable Securities and Investments |  |  | 7,269 |  |  |  | - |  |  |  | - |
Institutional Loans Receivable, Net |  |  | - |  |  |  | 42,146 |  |  |  | - |
Loan Receivable from DeVry University |  |  | - |  |  |  | 10,000 |  |  |  | - |
Deferred Acquisition Obligations |  |  | - |  |  |  | 18,485 |  |  |  | - |
Total Financial Assets at Fair Value |  | $ | 302,070 |  |  | $ | 70,631 |  |  | $ | - |
The following table presents Adtalem's assets and liabilities at June 30, 2018, that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands):
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash and Cash Equivalents |  | $ | 430,690 |  |  | $ | - |  |  | $ | - |
Marketable Securities and Investments |  |  | 4,255 |  |  |  | - |  |  |  | - |
Institutional Loans Receivable, Net |  |  | - |  |  |  | 44,320 |  |  |  | - |
Deferred Acquisition Obligations |  |  | - |  |  |  | 18,585 |  |  |  | - |
Total Financial Assets at Fair Value |  | $ | 434,945 |  |  | $ | 62,905 |  |  | $ | - |
The following table presents Adtalem's assets and liabilities at December 31, 2017, that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands):
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash and Cash Equivalents |  | $ | 212,239 |  |  | $ | - |  |  | $ | - |
Marketable Securities and Investments |  |  | 4,268 |  |  |  | - |  |  |  | - |
Institutional Loans Receivable, Net |  |  | - |  |  |  | 38,311 |  |  |  | - |
Deferred Acquisition Obligations |  |  | - |  |  |  | 23,903 |  |  |  | - |
FIES Receivable |  |  | - |  |  |  | 16,087 |  |  |  | - |
Total Financial Assets at Fair Value |  | $ | 216,507 |  |  | $ | 78,301 |  |  | $ | - |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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