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DISCONTINUED OPERATIONS (Tables) | 9 Months Ended
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Mar. 31, 2019
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):
|  | March 31, |  |  | June 30, |  |  | March 31, |
|  | 2019 |  |  | 2018 |  |  | 2018 |
ASSETS: |  |  |  |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | - |  |  | $ | 1 |  |  | $ | 707 |
Restricted Cash |  |  | - |  |  |  | 13,404 |  |  |  | 9,781 |
Accounts Receivable, Net |  |  | - |  |  |  | 25,294 |  |  |  | 23,549 |
Prepaid Expenses and Other Current Assets |  |  | - |  |  |  | 8,433 |  |  |  | 9,587 |
Total Current Assets Held for Sale |  |  | - |  |  |  | 47,132 |  |  |  | 43,624 |
Land, Building and Equipment Held for Sale, Net |  |  | - |  |  |  | - |  |  |  | 14,994 |
Noncurrent Assets: |  |  |  |  |  |  |  |  |  |  |  |
Intangible Assets |  |  | - |  |  |  | - |  |  |  | 20,200 |
Perkins Program Fund, Net |  |  | - |  |  |  | 13,450 |  |  |  | 13,450 |
Other Assets, Net |  |  | - |  |  |  | - |  |  |  | 3,471 |
Total Noncurrent Assets Held for Sale |  |  | - |  |  |  | 13,450 |  |  |  | 37,121 |
Total Assets Held for Sale |  | $ | - |  |  | $ | 60,582 |  |  | $ | 95,739 |
LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable |  | $ | - |  |  | $ | 24,312 |  |  | $ | 18,190 |
Accrued Salaries, Wages and Benefits |  |  | - |  |  |  | 13,979 |  |  |  | 11,610 |
Accrued Liabilities |  |  | - |  |  |  | 1,514 |  |  |  | 2,548 |
Deferred Revenue |  |  | - |  |  |  | 16,634 |  |  |  | 40,276 |
Total Current Liabilities Held for Sale |  |  | - |  |  |  | 56,439 |  |  |  | 72,624 |
Noncurrent Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deferred Income Taxes |  |  | - |  |  |  | 216 |  |  |  | 1,021 |
Total Noncurrent Liabilities Held for Sale |  |  | - |  |  |  | 216 |  |  |  | 1,021 |
Total Liabilities Held for Sale |  | $ | - |  |  | $ | 56,655 |  |  | $ | 73,645 |
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. For the three months ended March 31, 2019, activity is related to adjustments to accounts based on settlement of balances.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, |  |  | March 31, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
REVENUE |  | $ | - |  |  | $ | 122,705 |  |  | $ | 195,716 |  |  | $ | 370,263 |
OPERATING COST AND EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of Educational Services |  |  | - |  |  |  | 65,182 |  |  |  | 109,416 |  |  |  | 209,871 |
Student Services and Administrative Expense |  |  | (65 | ) |  |  | 53,057 |  |  |  | 99,227 |  |  |  | 162,130 |
Restructuring (Gain) Expense |  |  | (1,973 | ) |  |  | 6,150 |  |  |  | (2,470 | ) |  |  | 16,342 |
Asset Impairment Charge - Intangible and Goodwill |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 23,841 |
Asset Impairment Charge - Building and Equipment |  |  | - |  |  |  | 5,738 |  |  |  | 1,953 |  |  |  | 29,129 |
Loss on Sale of Assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 230 |
Total Operating Cost and Expense |  |  | (2,038 | ) |  |  | 130,127 |  |  |  | 208,126 |  |  |  | 441,543 |
Income (Loss) from Discontinued Operations Before Income Taxes |  |  | 2,038 |  |  |  | (7,422 | ) |  |  | (12,410 | ) |  |  | (71,280 | )
Loss on Disposal of Discontinued Operations Before Income Taxes |  |  | (265 | ) |  |  | - |  |  |  | (32,979 | ) |  |  | - |
Income Tax (Provision) Benefit |  |  | (120 | ) |  |  | 3,851 |  |  |  | 7,212 |  |  |  | 25,741 |
Income (Loss) from Discontinued Operations |  | $ | 1,653 |  |  | $ | (3,571 | ) |  | $ | (38,177 | ) |  | $ | (45,539 | )

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