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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Mar. 31, 2019
Accounting Policies [Abstract] |
Disaggregate revenue | The following tables disaggregate revenue by source (in thousands):
|  | Three Months Ended March 31, 2019 |
|  | Medical and Healthcare |  |  | Professional Education |  |  | Technology and Business |  |  | Home Office and Other |  |  | Consolidated |
Higher Education |  | $ | 217,423 |  |  | $ | - |  |  | $ | 46,558 |  |  | $ | - |  |  | $ | 263,981 |
Test Preparation |  |  | - |  |  |  | 19,533 |  |  |  | 3,349 |  |  |  | (808 | ) |  |  | 22,074 |
Certifications |  |  | - |  |  |  | 8,029 |  |  |  | - |  |  |  | - |  |  |  | 8,029 |
Conferences/Seminars |  |  | - |  |  |  | 3,860 |  |  |  | - |  |  |  | - |  |  |  | 3,860 |
Memberships/Subscriptions |  |  | - |  |  |  | 4,299 |  |  |  | - |  |  |  | - |  |  |  | 4,299 |
Other |  |  | 6,152 |  |  |  | 214 |  |  |  | - |  |  |  | - |  |  |  | 6,366 |
|  | $ | 223,575 |  |  | $ | 35,935 |  |  | $ | 49,907 |  |  | $ | (808 | ) |  | $ | 308,609 |
|  | Nine Months Ended March 31, 2019 |
|  | Medical and Healthcare |  |  | Professional Education |  |  | Technology and Business |  |  | Home Office and Other |  |  | Consolidated |
Higher Education |  | $ | 630,083 |  |  | $ | - |  |  | $ | 149,792 |  |  | $ | - |  |  | $ | 779,875 |
Test Preparation |  |  | - |  |  |  | 60,049 |  |  |  | 9,999 |  |  |  | (2,423 | ) |  |  | 67,625 |
Certifications |  |  | - |  |  |  | 23,527 |  |  |  | - |  |  |  | - |  |  |  | 23,527 |
Conferences/Seminars |  |  | - |  |  |  | 17,405 |  |  |  | - |  |  |  | - |  |  |  | 17,405 |
Memberships/Subscriptions |  |  | - |  |  |  | 12,135 |  |  |  | - |  |  |  | - |  |  |  | 12,135 |
Other |  |  | 8,219 |  |  |  | 607 |  |  |  | - |  |  |  | - |  |  |  | 8,826 |
|  | $ | 638,302 |  |  | $ | 113,723 |  |  | $ | 159,791 |  |  | $ | (2,423 | ) |  | $ | 909,393 |
|  | Three Months Ended March 31, 2018 |
|  | Medical and Healthcare |  |  | Professional Education |  |  | Technology and Business |  |  | Home Office and Other |  |  | Consolidated |
Higher Education |  | $ | 220,067 |  |  | $ | - |  |  | $ | 53,803 |  |  | $ | - |  |  | $ | 273,870 |
Test Preparation |  |  | - |  |  |  | 19,652 |  |  |  | 5,227 |  |  |  | (532 | ) |  |  | 24,347 |
Certifications |  |  | - |  |  |  | 5,432 |  |  |  | - |  |  |  | - |  |  |  | 5,432 |
Conferences/Seminars |  |  | - |  |  |  | 2,371 |  |  |  | - |  |  |  | - |  |  |  | 2,371 |
Memberships/Subscriptions |  |  | - |  |  |  | 3,580 |  |  |  | - |  |  |  | - |  |  |  | 3,580 |
Other |  |  | - |  |  |  | 470 |  |  |  | - |  |  |  | - |  |  |  | 470 |
|  | $ | 220,067 |  |  | $ | 31,505 |  |  | $ | 59,030 |  |  | $ | (532 | ) |  | $ | 310,070 |
|  | Nine Months Ended March 31, 2018 |
|  | Medical and Healthcare |  |  | Professional Education |  |  | Technology and Business |  |  | Home Office and Other |  |  | Consolidated |
Higher Education |  | $ | 614,649 |  |  | $ | - |  |  | $ | 181,078 |  |  | $ | - |  |  | $ | 795,727 |
Test Preparation |  |  | - |  |  |  | 56,641 |  |  |  | 15,524 |  |  |  | (1,733 | ) |  |  | 70,432 |
Certifications |  |  | - |  |  |  | 21,259 |  |  |  | - |  |  |  | - |  |  |  | 21,259 |
Conferences/Seminars |  |  | - |  |  |  | 13,334 |  |  |  | - |  |  |  | - |  |  |  | 13,334 |
Memberships/Subscriptions |  |  | - |  |  |  | 9,852 |  |  |  | - |  |  |  | - |  |  |  | 9,852 |
Other |  |  | - |  |  |  | 820 |  |  |  | - |  |  |  | - |  |  |  | 820 |
|  | $ | 614,649 |  |  | $ | 101,906 |  |  | $ | 196,602 |  |  | $ | (1,733 | ) |  | $ | 911,424 |
Reconciliation of Non-Controlling Interest Balance | The following is a reconciliation of the noncontrolling interest balance (in thousands):
|  | Three Months Ended March 31, |  |  | Nine Months Ended March 31, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Balance at Beginning of Period |  | $ | 8,651 |  |  | $ | 7,405 |  |  | $ | 9,110 |  |  | $ | 6,285 |
Net (Loss) Income Attributable to Noncontrolling Interest |  |  | (39 | ) |  |  | (46 | ) |  |  | 117 |  |  |  | 459 |
(Decrease) Increase in Redemption Value of Noncontrolling Interest Put Options |  |  | (130 | ) |  |  | (42 | ) |  |  | (745 | ) |  |  | 573 |
Acquisition of Noncontrolling Interest in EduPristine |  |  | - |  |  |  | 4,074 |  |  |  | - |  |  |  | 4,074 |
Balance at End of Period |  | $ | 8,482 |  |  | $ | 11,391 |  |  | $ | 8,482 |  |  | $ | 11,391 |
Reconciliation of Basic Shares to Diluted Shares | The following is a reconciliation of basic shares to diluted shares (in thousands):
|  | Three Months Ended March 31, |  |  | Nine Months Ended March 31, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Weighted Average Shares Outstanding |  |  | 57,583 |  |  |  | 60,352 |  |  |  | 58,656 |  |  |  | 60,970 |
Unvested Participating RSUs |  |  | 478 |  |  |  | 678 |  |  |  | 543 |  |  |  | 718 |
Basic Shares |  |  | 58,061 |  |  |  | 61,030 |  |  |  | 59,199 |  |  |  | 61,688 |
Effect of Dilutive Stock Options |  |  | 741 |  |  |  | 935 |  |  |  | 805 |  |  |  | 786 |
Diluted Shares |  |  | 58,802 |  |  |  | 61,965 |  |  |  | 60,004 |  |  |  | 62,474 |

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