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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Sep. 30, 2019
Accounting Policies [Abstract] |
Disaggregate revenue | The following tables disaggregate revenue by source (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2019
​ | ​ | Medical and | ​ | Financial | ​ | Home Office | ​ | ​
​ |  | Healthcare |  | Services |  | and Other |  | Consolidated
Higher Education |  | $ | 201,453 |  | $ | — |  | $ | — |  | $ | 201,453
Test Preparation/Certifications | ​ | ​ | — | ​ | ​ | 24,972 | ​ | ​ | — | ​ | ​ | 24,972
Conferences/Seminars | ​ | ​ | — | ​ | ​ | 17,070 | ​ | ​ | — | ​ | ​ | 17,070
Memberships/Subscriptions | ​ | ​ | — | ​ | ​ | 4,867 | ​ | ​ | — | ​ | ​ | 4,867
Other | ​ | ​ | 6,034 | ​ | ​ | 217 | ​ | ​ | — | ​ | ​ | 6,251
Total |  | $ | 207,487 |  | $ | 47,126 |  | $ | — |  | $ | 254,613
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2018
​ | ​ | Medical and | ​ | Financial | ​ | Home Office | ​ | ​
​ |  | Healthcare |  | Services |  | and Other |  | Consolidated
Higher Education |  | $ | 201,173 |  | $ | — |  | $ | — |  | $ | 201,173
Test Preparation/Certifications | ​ | ​ | — | ​ | ​ | 28,716 | ​ | ​ | (807) | ​ | ​ | 27,909
Conferences/Seminars | ​ | ​ | — | ​ | ​ | 2,868 | ​ | ​ | — | ​ | ​ | 2,868
Memberships/Subscriptions | ​ | ​ | — | ​ | ​ | 3,936 | ​ | ​ | — | ​ | ​ | 3,936
Other | ​ | ​ | 927 | ​ | ​ | 126 | ​ | ​ | — | ​ | ​ | 1,053
Total |  | $ | 202,100 |  | $ | 35,646 |  | $ | (807) |  | $ | 236,939
Reconciliation of Non-Controlling Interest Balance | The following is a reconciliation of the noncontrolling interest balance (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | September 30, | ​
​ |  | 2019 |  | 2018 | ​
Balance at Beginning of Period | ​ | $ | 9,543 | ​ | $ | 9,110 | ​
Net Loss Attributable to Noncontrolling Interest | ​ |  | (109) | ​ |  | (55) | ​
Decrease in Redemption Value of Noncontrolling Interest Put Option | ​ |  | — | ​ |  | (241) | ​
Payment for Purchase of Noncontrolling Interest of Subsidiary | ​ | ​ | (6,247) | ​ | ​ | — | ​
Balance at End of Period | ​ | $ | 3,187 | ​ | $ | 8,814 | ​
Reconciliation of Basic Shares to Diluted Shares | The following is a reconciliation of basic shares to diluted shares (in thousands):
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | September 30, | ​
​ |  | 2019 |  | 2018 | ​
Weighted Average Shares Outstanding |  | 55,018 |  | 59,722 |
Unvested Participating RSUs |  | 475 |  | 606 |
Basic Shares |  | 55,493 |  | 60,328 |
Effect of Dilutive Stock Options |  | 647 |  | 874 |
Diluted Shares |  | 56,140 |  | 61,202 |
Summary of impact on the Consolidated Balance Sheet upon adoption of ASC 842 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | Adjustments due to | ​ | July 1,
​ |  | 2019 |  | adoption of ASC 842 |  | 2019
​ | ​ | (in thousands, except share and par value amounts)
ASSETS: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and Cash Equivalents | ​ | $ | 299,445 | ​ | $ | — | ​ | $ | 299,445
Investments in Marketable Securities | ​ |  | 8,680 | ​ |  | — | ​ |  | 8,680
Restricted Cash | ​ |  | 1,022 | ​ |  | — | ​ |  | 1,022
Accounts Receivable, Net | ​ |  | 157,829 | ​ |  | — | ​ |  | 157,829
Prepaid Expenses and Other Current Assets | ​ |  | 37,724 | ​ |  | (3,483) | ​ |  | 34,241
Total Current Assets | ​ |  | 504,700 | ​ |  | (3,483) | ​ |  | 501,217
Land, Building and Equipment: | ​ |  |  | ​ |  |  | ​ |  | ​
Land | ​ |  | 44,609 | ​ |  | — | ​ |  | 44,609
Building | ​ |  | 383,331 | ​ |  | — | ​ |  | 383,331
Equipment | ​ |  | 281,551 | ​ |  | — | ​ |  | 281,551
Construction in Progress | ​ |  | 16,222 | ​ |  | — | ​ |  | 16,222
​ | ​ |  | 725,713 | ​ |  | — | ​ |  | 725,713
Accumulated Depreciation | ​ |  | (361,030) | ​ |  | — | ​ |  | (361,030)
Land, Building and Equipment, Net | ​ |  | 364,683 | ​ |  | — | ​ |  | 364,683
Noncurrent Assets: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Operating Lease Assets | ​ |  | — | ​ |  | 282,978 | ​ |  | 282,978
Deferred Income Taxes | ​ |  | 18,314 | ​ |  | — | ​ |  | 18,314
Intangible Assets, Net | ​ |  | 418,097 | ​ |  | — | ​ |  | 418,097
Goodwill | ​ |  | 874,451 | ​ |  | — | ​ |  | 874,451
Other Assets, Net | ​ |  | 62,451 | ​ |  | — | ​ |  | 62,451
Total Noncurrent Assets | ​ |  | 1,373,313 | ​ |  | 282,978 | ​ |  | 1,656,291
TOTAL ASSETS | ​ | $ | 2,242,696 | ​ | $ | 279,495 | ​ | $ | 2,522,191
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
LIABILITIES: | ​ |  |  | ​ |  |  | ​ |  |
Current Liabilities: | ​ |  |  | ​ |  |  | ​ |  |
Accounts Payable | ​ | $ | 57,627 | ​ | $ | — | ​ | $ | 57,627
Accrued Salaries, Wages and Benefits | ​ |  | 64,492 | ​ |  | — | ​ |  | 64,492
Accrued Liabilities | ​ |  | 86,722 | ​ |  | (16,946) | ​ |  | 69,776
Deferred Revenue | ​ |  | 99,790 | ​ |  | — | ​ |  | 99,790
Current Operating Lease Liabilities | ​ |  | — | ​ |  | 66,707 | ​ |  | 66,707
Current Portion of Long-Term Debt | ​ |  | 3,000 | ​ |  | — | ​ |  | 3,000
Total Current Liabilities | ​ |  | 311,631 | ​ |  | 49,761 | ​ |  | 361,392
Noncurrent Liabilities: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Long-Term Debt | ​ |  | 398,094 | ​ |  | — | ​ |  | 398,094
Long-Term Operating Lease Liabilities | ​ |  | — | ​ |  | 269,387 | ​ |  | 269,387
Deferred Income Taxes | ​ |  | 29,426 | ​ |  | — | ​ |  | 29,426
Other Liabilities | ​ |  | 102,472 | ​ |  | (39,653) | ​ |  | 62,819
Total Noncurrent Liabilities | ​ |  | 529,992 | ​ |  | 229,734 | ​ |  | 759,726
TOTAL LIABILITIES | ​ |  | 841,623 | ​ |  | 279,495 | ​ |  | 1,121,118
NONCONTROLLING INTEREST | ​ |  | 9,543 | ​ |  | — | ​ |  | 9,543
SHAREHOLDERS’ EQUITY: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Common Stock, $0.01 Par Value | ​ |  | 801 | ​ |  | — | ​ |  | 801
Additional Paid-in Capital | ​ |  | 486,061 | ​ |  | — | ​ |  | 486,061
Retained Earnings | ​ |  | 2,012,902 | ​ |  | — | ​ |  | 2,012,902
Accumulated Other Comprehensive Loss | ​ |  | (137,290) | ​ |  | — | ​ |  | (137,290)
Treasury Stock, at Cost | ​ |  | (970,944) | ​ |  | — | ​ |  | (970,944)
TOTAL SHAREHOLDERS’ EQUITY | ​ |  | 1,391,530 | ​ |  | — | ​ |  | 1,391,530
TOTAL LIABILITIES, NONCONTROLLING INTEREST AND SHAREHOLDERS’ EQUITY | ​ | $ | 2,242,696 | ​ | $ | 279,495 | ​ | $ | 2,522,191

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