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DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables) | 3 Months Ended
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Sep. 30, 2019
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE |
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). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | June 30, | ​ | September 30,
​ |  | 2019 |  | 2019 |  | 2018
ASSETS: |  | ​ |  |  | ​ |  |  | ​ |
Current Assets: |  | ​ |  |  | ​ |  |  | ​ |
Cash and Cash Equivalents | ​ | $ | 96,902 | ​ | $ | 95,243 | ​ | $ | 94,423
Restricted Cash | ​ |  | — | ​ |  | — | ​ |  | 15,967
Accounts Receivable, Net | ​ |  | 64,915 | ​ |  | 74,269 | ​ |  | 98,089
Prepaid Expenses and Other Current Assets | ​ |  | 8,056 | ​ |  | 8,411 | ​ |  | 19,162
Total Current Assets Held for Sale | ​ |  | 169,873 | ​ |  | 177,923 | ​ |  | 227,641
Land, Building and Equipment Held for Sale, Net | ​ | ​ | 73,763 | ​ | ​ | 81,250 | ​ | ​ | 81,029
Noncurrent Assets: | ​ |  | ​ | ​ |  |  | ​ |  |
Operating Lease Assets | ​ |  | 72,261 | ​ |  | — | ​ |  | —
Intangible Assets, Net | ​ |  | 110,711 | ​ |  | 120,108 | ​ |  | 115,429
Goodwill | ​ |  | 173,064 | ​ |  | 187,195 | ​ |  | 178,046
Perkins Program Fund, Net | ​ |  | — | ​ |  | — | ​ |  | 13,450
Other Assets, Net | ​ |  | 9,972 | ​ |  | 10,338 | ​ |  | 8,465
Total Noncurrent Assets Held for Sale | ​ |  | 366,008 | ​ |  | 317,641 | ​ |  | 315,390
Total Assets Held for Sale | ​ | $ | 609,644 | ​ | $ | 576,814 | ​ | $ | 624,060
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
LIABILITIES: | ​ |  | ​ | ​ |  |  | ​ |  |
Current Liabilities: | ​ |  | ​ | ​ |  |  | ​ |  |
Accounts Payable | ​ | $ | 2,857 | ​ | $ | 4,242 | ​ | $ | 25,896
Accrued Salaries, Wages and Benefits | ​ |  | 16,239 | ​ |  | 17,828 | ​ |  | 22,526
Accrued Liabilities | ​ |  | 9,800 | ​ |  | 10,193 | ​ |  | 14,580
Deferred Revenue | ​ |  | 11,104 | ​ |  | 3,846 | ​ |  | 58,494
Current Operating Lease Liabilities | ​ |  | 10,174 | ​ |  | — | ​ |  | —
Total Current Liabilities Held for Sale | ​ |  | 50,174 | ​ |  | 36,109 | ​ |  | 121,496
Noncurrent Liabilities: | ​ |  | ​ | ​ |  |  | ​ |  | ​
Long-Term Operating Lease Liabilities | ​ |  | 62,367 | ​ |  | — | ​ |  | —
Deferred Income Taxes | ​ |  | — | ​ |  | — | ​ |  | 216
Other Liabilities | ​ |  | 14,101 | ​ |  | 16,146 | ​ |  | 21,196
Total Noncurrent Liabilities Held for Sale | ​ |  | 76,468 | ​ |  | 16,146 | ​ |  | 21,412
Total Liabilities Held for Sale | ​ | $ | 126,642 | ​ | $ | 52,255 | ​ | $ | 142,908
The following is a summary of income statement information of operations reported as discontinued operations (in thousands). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | September 30, | ​
​ |  | 2019 |  | 2018 | ​
REVENUE | ​ | $ | 45,652 | ​ | $ | 159,554 | ​
OPERATING COST AND EXPENSE: | ​ |  |  | ​ |  |  | ​
Cost of Educational Services | ​ |  | 33,948 | ​ |  | 98,460 | ​
Student Services and Administrative Expense | ​ |  | 14,373 | ​ |  | 64,706 | ​
Restructuring Expense (Gain) | ​ |  | 35 | ​ |  | (443) | ​
Asset Impairment Charge - Building and Equipment | ​ |  | — | ​ |  | 2,242 | ​
Total Operating Cost and Expense | ​ |  | 48,356 | ​ |  | 164,965 | ​
Operating Loss from Discontinued Operations | ​ |  | (2,704) | ​ |  | (5,411) | ​
OTHER INCOME (EXPENSE): | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest and Dividend Income | ​ | ​ | 978 | ​ | ​ | 976 | ​
Interest Expense | ​ | ​ | (1,157) | ​ | ​ | (1,284) | ​
Net Other Expense | ​ |  | (179) | ​ |  | (308) | ​
Loss from Discontinued Operations Before Income Taxes | ​ | ​ | (2,883) | ​ | ​ | (5,719) | ​
Income Tax (Provision) Benefit | ​ |  | (273) | ​ |  | 985 | ​
Loss from Discontinued Operations | ​ | ​ | (3,156) | ​ | ​ | (4,734) | ​
Net Income Attributable to Noncontrolling Interest | ​ | ​ | — | ​ | ​ | (9) | ​
Loss from Discontinued Operations Attributable to Adtalem Global Education | ​ | $ | (3,156) | ​ | $ | (4,743) | ​

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