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INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consist of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2019 | ​ | ​
​ |  | Gross |  | ​ | ​ |  | Weighted Average
​ | ​ | Carrying | ​ | Accumulated | ​ | Amortization
​ | ​ | Amount | ​ | Amortization | ​ | Period
Amortizable Intangible Assets: |  | ​ |  |  | ​ |  |  |
Customer Relationships | ​ | $ | 68,900 | ​ | $ | (15,865) |  | 10 Years
Curriculum/Software | ​ |  | 11,600 | ​ |  | (644) |  | 6 Years
Course Delivery Technology | ​ |  | 7,200 | ​ |  | (853) |  | 5 Years
Total | ​ | $ | 87,700 | ​ | $ | (17,362) |  |
Indefinite-Lived Intangible Assets: | ​ |  |  | ​ |  |  |  |
Trade Names | ​ | $ | 95,746 | ​ |  |  |  |
Chamberlain Title IV Eligibility and Accreditations | ​ |  | 1,200 | ​ |  |  |  |
AUC Title IV Eligibility and Accreditations | ​ |  | 100,000 | ​ |  |  |  |
Ross Title IV Eligibility and Accreditations | ​ |  | 14,100 | ​ |  |  |  |
Intellectual Property | ​ |  | 13,940 | ​ |  |  |  |
Total | ​ | $ | 224,986 | ​ |  |  |  |
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2019
​ |  | Gross |  | ​ | ​
​ | ​ | Carrying | ​ | Accumulated
​ | ​ | Amount | ​ | Amortization
Amortizable Intangible Assets: | ​ |  | ​ | ​ |  | ​
Customer Relationships |  | $ | 69,300 |  | $ | (14,448)
Curriculum/Software |  | ​ | 16,600 |  | ​ | (5,193)
Course Delivery Technology |  | ​ | 7,200 |  | ​ | (487)
Total | ​ | $ | 93,100 | ​ | $ | (20,128)
Indefinite-Lived Intangible Assets: | ​ |  |  | ​ |  |
Trade Names | ​ | $ | 95,777 | ​ |  |
Chamberlain Title IV Eligibility and Accreditations | ​ |  | 1,200 | ​ |  |
AUC Title IV Eligibility and Accreditations | ​ |  | 100,000 | ​ |  |
Ross Title IV Eligibility and Accreditations | ​ |  | 14,100 | ​ |  |
Intellectual Property | ​ |  | 13,940 | ​ |  |
Total | ​ | $ | 225,017 | ​ |  |
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2018
​ |  | Gross | ​ | ​ | ​
​ |  | Carrying |  | Accumulated
​ |  | Amount |  | Amortization
Amortizable Intangible Assets: | ​ |  |  | ​ |  |
Customer Relationships | ​ | $ | 42,900 | ​ | $ | (10,756)
Curriculum/Software | ​ | ​ | 5,000 | ​ | ​ | (3,750)
Proprietary Technology | ​ | ​ | 500 | ​ | ​ | (281)
Total |  | $ | 48,400 |  | $ | (14,787)
Indefinite-Lived Intangible Assets: | ​ | ​ | ​ | ​ | ​ | ​
Trade Names |  | $ | 77,313 | ​ | ​ | ​
Chamberlain Title IV Eligibility and Accreditations | ​ | ​ | 1,200 | ​ | ​ | ​
AUC Title IV Eligibility and Accreditations | ​ | ​ | 100,000 | ​ | ​ | ​
Ross Title IV Eligibility and Accreditations | ​ | ​ | 14,100 | ​ | ​ | ​
Intellectual Property | ​ | ​ | 13,940 | ​ | ​ | ​
Total |  | $ | 206,553 | ​ | ​ | ​
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): ​
​ | ​ | ​ | ​ | ​
​ |  | Financial |
Fiscal Year | ​ | Services | ​
2020 (Remaining) | ​ | $ | 7,728 | ​
2021 | ​ |  | 10,073 | ​
2022 | ​ |  | 9,944 | ​
2023 | ​ |  | 9,792 | ​
2024 | ​ |  | 9,509 | ​
Thereafter | ​ |  | 23,292 | ​
Total | ​ | $ | 70,338 | ​
Changes in Carrying Amount of Goodwill, by Segment | The table below summarizes goodwill balances by reporting unit (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, |  | June 30, |  | September 30,
Reporting Unit | ​ | 2019 | ​ | 2019 | ​ | 2018
Chamberlain | ​ | $ | 4,716 | ​ | $ | 4,716 | ​ | $ | 4,716
AUC | ​ |  | 68,321 | ​ |  | 68,321 | ​ |  | 68,321
RUSM and RUSVM | ​ |  | 237,173 | ​ |  | 237,173 | ​ |  | 237,173
Financial Services | ​ |  | 376,782 | ​ |  | 377,046 | ​ |  | 317,029
Total | ​ | $ | 686,992 | ​ | $ | 687,256 | ​ | $ | 627,239
​ The table below summarizes goodwill balances by reportable segment (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, |  | June 30, |  | September 30,
Reportable Segment | ​ | 2019 | ​ | 2019 | ​ | 2018
Medical and Healthcare | ​ | $ | 310,210 | ​ | $ | 310,210 | ​ | $ | 310,210
Financial Services | ​ |  | 376,782 | ​ |  | 377,046 | ​ |  | 317,029
Total | ​ | $ | 686,992 | ​ | $ | 687,256 | ​ | $ | 627,239
​ The table below summarizes the changes in goodwill balances by reportable segment (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Medical and |  | Financial |  | ​ | ​
​ | ​ | Healthcare | ​ | Services | ​ | Total
Balance at June 30, 2018 | ​ | $ | 310,210 | ​ | $ | 317,699 | ​ | $ | 627,909
Foreign exchange rate changes |  | ​ | — |  | ​ | (670) |  | ​ | (670)
Balance at September 30, 2018 | ​ | ​ | 310,210 | ​ | ​ | 317,029 | ​ | ​ | 627,239
Acquisitions | ​ | ​ | — | ​ | ​ | 59,519 | ​ | ​ | 59,519
Foreign exchange rate changes |  | ​ | — |  | ​ | 498 |  | ​ | 498
Balance at June 30, 2019 | ​ | ​ | 310,210 | ​ | ​ | 377,046 | ​ | ​ | 687,256
Foreign exchange rate changes |  | ​ | — |  | ​ | (264) |  | ​ | (264)
Balance at September 30, 2019 | ​ | $ | 310,210 | ​ | $ | 376,782 | ​ | $ | 686,992
Summary of Indefinite-Lived Intangible Assets Balances by Reporting Segment | The table below summarizes the indefinite-lived intangible asset balances by reportable segment (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, |  | June 30, |  | September 30,
Reportable Segment | ​ | 2019 | ​ | 2019 | ​ | 2018
Medical and Healthcare | ​ | $ | 137,500 | ​ | $ | 137,500 | ​ | $ | 137,500
Financial Services | ​ |  | 87,486 | ​ |  | 87,517 | ​ |  | 69,053
Total | ​ | $ | 224,986 | ​ | $ | 225,017 | ​ | $ | 206,553

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