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INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consist of the following (in thousands):
|  | March 31, 2019 |  |  |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted Average Amortization Period
Amortizable Intangible Assets: |  |  |  |  |  |  |  |  |  |
Student Relationships |  | $ | 7,952 |  |  | $ | (7,401 | ) |  | 5 Years
Customer Relationships |  |  | 42,900 |  |  |  | (13,071 | ) |  | 10 Years
Curriculum/Software |  |  | 6,810 |  |  |  | (5,775 | ) |  | 4 Years
Franchise Contracts |  |  | 8,947 |  |  |  | (2,071 | ) |  | 18 Years
Clinical Agreements |  |  | 331 |  |  |  | (127 | ) |  | 15 Years
Trade Names |  |  | 965 |  |  |  | (965 | ) |  | 10 Years
Proprietary Technology |  |  | 500 |  |  |  | (344 | ) |  | 4 Years
Total |  | $ | 68,405 |  |  | $ | (29,754 | ) |  |
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |
Trade Names |  | $ | 105,745 |  |  |  |  |  |  |
Ross Title IV Eligibility and Accreditations |  |  | 14,100 |  |  |  |  |  |  |
Intellectual Property |  |  | 13,940 |  |  |  |  |  |  |
Chamberlain Title IV Eligibility and Accreditations |  |  | 1,200 |  |  |  |  |  |  |
AUC Title IV Eligibility and Accreditations |  |  | 100,000 |  |  |  |  |  |  |
Adtalem Brazil Accreditation |  |  | 81,511 |  |  |  |  |  |  |
Total |  | $ | 316,496 |  |  |  |  |  |  |
|  | June 30, 2018 |
|  | Gross Carrying Amount |  |  | Accumulated 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 | )
Proprietary Technology |  |  | 500 |  |  |  | (250 | )
Total |  | $ | 69,502 |  |  | $ | (24,521 | )
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |
Trade Names |  | $ | 106,132 |  |  |  |  |
Ross Title IV Eligibility and Accreditations |  |  | 14,100 |  |  |  |  |
Intellectual Property |  |  | 13,940 |  |  |  |  |
Chamberlain Title IV Eligibility and Accreditations |  |  | 1,200 |  |  |  |  |
AUC Title IV Eligibility and Accreditations |  |  | 100,000 |  |  |  |  |
Adtalem Brazil Accreditation |  |  | 82,578 |  |  |  |  |
Total |  | $ | 317,950 |  |  |  |  |
|  | March 31, 2018 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |
Amortizable Intangible Assets: |  |  |  |  |  |  |  |
Student Relationships |  | $ | 9,601 |  |  | $ | (7,831 | )
Customer Relationships |  |  | 42,900 |  |  |  | (8,430 | )
Non-compete Agreements |  |  | 700 |  |  |  | (691 | )
Curriculum/Software |  |  | 7,148 |  |  |  | (3,901 | )
Franchise Contracts |  |  | 10,621 |  |  |  | (1,868 | )
Clinical Agreements |  |  | 393 |  |  |  | (125 | )
Trade Names |  |  | 1,146 |  |  |  | (1,031 | )
Proprietary Technology |  |  | 500 |  |  |  | (219 | )
Total |  | $ | 73,009 |  |  | $ | (24,096 | )
Indefinite-Lived Intangible Assets: |  |  |  |  |  |  |  |
Trade Names |  | $ | 109,755 |  |  |  |  |
Ross Title IV Eligibility and Accreditations |  |  | 14,100 |  |  |  |  |
Intellectual Property |  |  | 13,940 |  |  |  |  |
Chamberlain Title IV Eligibility and Accreditations |  |  | 1,200 |  |  |  |  |
AUC Title IV Eligibility and Accreditations |  |  | 100,000 |  |  |  |  |
Adtalem Brazil Accreditation |  |  | 97,234 |  |  |  |  |
Total |  | $ | 336,229 |  |  |  |  |
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):
|  | Professional |  |  | Adtalem |  |  |  |
Fiscal Year |  | Education |  |  | Brazil |  |  | Total |
2019 (excluding the nine months ended March 31, 2019) |  | $ | 1,605 |  |  | $ | 349 |  |  | $ | 1,954 |
2020 |  |  | 4,671 |  |  |  | 1,223 |  |  |  | 5,894 |
2021 |  |  | 4,440 |  |  |  | 766 |  |  |  | 5,206 |
2022 |  |  | 4,300 |  |  |  | 519 |  |  |  | 4,819 |
2023 |  |  | 4,118 |  |  |  | 519 |  |  |  | 4,637 |
Thereafter |  |  | 11,268 |  |  |  | 4,873 |  |  |  | 16,141 |
Changes in Carrying Amount of Goodwill, by Segment | The table below summarizes goodwill balances by reporting unit (in thousands):
|  | March 31, |  |  | June 30, |  |  | March 31, |
Reporting Unit |  | 2019 |  |  | 2018 |  |  | 2018 |
Chamberlain |  | $ | 4,716 |  |  | $ | 4,716 |  |  | $ | 4,716 |
AUC |  |  | 68,321 |  |  |  | 68,321 |  |  |  | 68,321 |
RUSM and RUSVM |  |  | 237,173 |  |  |  | 237,173 |  |  |  | 237,173 |
Professional Education |  |  | 317,475 |  |  |  | 317,699 |  |  |  | 319,528 |
Adtalem Brazil |  |  | 183,575 |  |  |  | 185,978 |  |  |  | 216,105 |
Total |  | $ | 811,260 |  |  | $ | 813,887 |  |  | $ | 845,843 |
The table below summarizes goodwill balances by reporting segment (in thousands):
|  | March 31, |  |  | June 30, |  |  | March 31, |
Reporting Segment |  | 2019 |  |  | 2018 |  |  | 2018 |
Medical and Healthcare |  | $ | 310,210 |  |  | $ | 310,210 |  |  | $ | 310,210 |
Professional Education |  |  | 317,475 |  |  |  | 317,699 |  |  |  | 319,528 |
Technology and Business |  |  | 183,575 |  |  |  | 185,978 |  |  |  | 216,105 |
Total |  | $ | 811,260 |  |  | $ | 813,887 |  |  | $ | 845,843 |
The table below summarizes the changes in goodwill balances by reporting segment (in thousands):
|  | Medical and Healthcare |  |  | Professional Education |  |  | Technology and Business |  |  | Total |
Balance at June 30, 2017 |  |  | 310,210 |  |  |  | 306,653 |  |  |  | 212,223 |  |  |  | 829,086 |
Acquisitions |  |  | - |  |  |  | 12,548 |  |  |  | 3,807 |  |  |  | 16,355 |
Foreign exchange rate changes |  |  | - |  |  |  | 327 |  |  |  | 75 |  |  |  | 402 |
Balance at March 31, 2018 |  |  | 310,210 |  |  |  | 319,528 |  |  |  | 216,105 |  |  |  | 845,843 |
Purchase accounting adjustments |  |  | - |  |  |  | (1,021 | ) |  |  | 1,829 |  |  |  | 808 |
Foreign exchange rate changes |  |  | - |  |  |  | (808 | ) |  |  | (31,956 | ) |  |  | (32,764 | )
Balance at June 30, 2018 |  |  | 310,210 |  |  |  | 317,699 |  |  |  | 185,978 |  |  |  | 813,887 |
Foreign exchange rate changes |  |  | - |  |  |  | (224 | ) |  |  | (2,403 | ) |  |  | (2,627 | )
Balance at March 31, 2019 |  | $ | 310,210 |  |  | $ | 317,475 |  |  | $ | 183,575 |  |  | $ | 811,260 |
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):
|  | March 31, |  |  | June 30, |  |  | March 31, |
Reporting Segment |  | 2019 |  |  | 2018 |  |  | 2018 |
Medical and Healthcare |  | $ | 137,500 |  |  | $ | 137,500 |  |  | $ | 137,500 |
Professional Education |  |  | 69,111 |  |  |  | 69,126 |  |  |  | 67,812 |
Technology and Business |  |  | 109,885 |  |  |  | 111,324 |  |  |  | 130,917 |
Total |  | $ | 316,496 |  |  | $ | 317,950 |  |  | $ | 336,229 |

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