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Segment Information | 9 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
Segment Information | 20. Segment Information During the fourth quarter of fiscal year 2019, Adtalem renamed two of its segments: Professional Education was renamed Financial Services, and Technology and Business was renamed Business and Law. Beginning in the first quarter of fiscal year 2020, Adtalem Brazil operations were classified as discontinued operations. See Note 4 “Discontinued Operations and Assets Held for Sale” for additional information. Segment information presented excludes the results of Adtalem Brazil. Adtalem eliminated its Business and Law reportable segment during the first quarter of fiscal year 2020 when Adtalem Brazil was classified as discontinued operations. In addition, DeVry University and Carrington are presented as discontinued operations, see Note 4 “Discontinued Operations and Assets Held for Sale” for additional information. Discontinued operations assets are included in the table below to reconcile to total consolidated assets presented on the Consolidated Balance Sheets. In addition, certain expenses previously allocated to Adtalem Brazil within our former Business and Law segment during fiscal year 2019 were reclassified to the Home Office and Other segment based on discontinued operations reporting guidance regarding allocation of corporate overhead. For fiscal year 2020, home office costs to support the remaining businesses are being allocated to the Medical and Healthcare and Financial Services segments. We present two reportable segments as follows: Medical and Healthcare – Offers degree and non-degree programs in the medical and healthcare postsecondary education industry. This segment includes the operations of Chamberlain, AUC, RUSM, and RUSVM. AUC, RUSM, and RUSVM is collectively referred to as the “medical and veterinary schools.” Financial Services – Offers test preparation, certifications, conferences, seminars, memberships, and subscriptions to business professionals in the areas of accounting, anti-money laundering, banking, and mortgage industries. This segment includes the operations of ACAMS, Becker, OCL, and EduPristine. These segments are consistent with the method by which the Chief Operating Decision Maker (Adtalem’s Chairman, President and Chief Executive Officer) evaluates performance and allocates resources. Performance evaluations are based on each segment’s operating income excluding special items. Operating income excludes special items that consists of restructuring expense, gain on sale of assets, and settlement gain. Adtalem’s management excludes these items from its review of the results of the operating segments for purposes of measuring segment profitability and allocating resources. Intersegment sales are accounted for at amounts comparable to sales to nonaffiliated customers and are eliminated in consolidation. “Home Office and Other” includes activity not allocated to a reportable segment and is included to reconcile segment results to the Consolidated Financial Statements. Segments may have allocated depreciation expense related to depreciable assets reported as an asset in a different segment. The accounting policies of the segments are the same as those described in Note 2 “Summary of Significant Accounting Policies.” Summary financial information by reportable segment is as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended | ​
​ | ​ | March 31, | ​ | March 31, | ​
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019 | ​
Revenue: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Medical and Healthcare | ​ | $ | 227,344 | ​ | $ | 223,575 | ​ | $ | 655,011 | ​ | $ | 638,302 | ​
Financial Services | ​ |  | 44,143 | ​ |  | 35,935 | ​ |  | 137,261 | ​ |  | 113,723 | ​
Home Office and Other | ​ |  | — | ​ |  | (807) | ​ |  | — | ​ |  | (2,422) | ​
Total consolidated revenue | ​ | $ | 271,487 | ​ | $ | 258,703 | ​ | $ | 792,272 | ​ | $ | 749,603 | ​
Operating income from continuing operations excluding special items: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Medical and Healthcare | ​ | $ | 57,559 | ​ | $ | 52,960 | ​ | $ | 127,786 | ​ | $ | 141,152 | ​
Financial Services | ​ |  | 4,190 | ​ |  | 5,086 | ​ |  | 13,976 | ​ |  | 19,469 | ​
Home Office and Other | ​ |  | (5,408) | ​ |  | (10,281) | ​ |  | (15,663) | ​ |  | (29,982) | ​
Total consolidated operating income from continuing operations excluding special items | ​ | ​ | 56,341 | ​ | ​ | 47,765 | ​ | ​ | 126,099 | ​ | ​ | 130,639 | ​
Reconciliation to Consolidated Financial Statements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Restructuring expense | ​ |  | (1,854) | ​ |  | (2,186) | ​ |  | (10,339) | ​ |  | (45,194) | ​
Gain on sale of assets | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,779 | ​ | ​ | — | ​
Settlement gain | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 15,571 | ​
Total consolidated operating income from continuing operations | ​ | ​ | 54,487 | ​ | ​ | 45,579 | ​ | ​ | 120,539 | ​ | ​ | 101,016 | ​
Net other income (expense) | ​ |  | 105,881 | ​ |  | (3,009) | ​ |  | 69,816 | ​ |  | (11,913) | ​
Total consolidated income from continuing operations before income taxes | ​ | $ | 160,368 | ​ | $ | 42,570 | ​ | $ | 190,355 | ​ | $ | 89,103 | ​
Segment assets: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Medical and Healthcare | ​ | $ | 917,657 | ​ | $ | 827,452 | ​ | $ | 917,657 | ​ | $ | 827,452 | ​
Financial Services | ​ |  | 577,699 | ​ |  | 446,752 | ​ |  | 577,699 | ​ |  | 446,752 | ​
Home Office and Other | ​ |  | 457,686 | ​ |  | 317,000 | ​ |  | 457,686 | ​ |  | 317,000 | ​
Discontinued Operations | ​ |  | 490,978 | ​ |  | 557,499 | ​ |  | 490,978 | ​ |  | 557,499 | ​
Total consolidated assets | ​ | $ | 2,444,020 | ​ | $ | 2,148,703 | ​ | $ | 2,444,020 | ​ | $ | 2,148,703 | ​
Capital expenditures: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Medical and Healthcare | ​ | $ | 7,274 | ​ | $ | 10,978 | ​ | $ | 20,108 | ​ | $ | 37,696 | ​
Financial Services | ​ |  | 568 | ​ |  | 84 | ​ |  | 1,980 | ​ |  | 1,487 | ​
Home Office and Other | ​ |  | 3,781 | ​ |  | 2,149 | ​ |  | 9,846 | ​ |  | 6,086 | ​
Total consolidated capital expenditures | ​ | $ | 11,623 | ​ | $ | 13,211 | ​ | $ | 31,934 | ​ | $ | 45,269 | ​
Depreciation expense: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Medical and Healthcare | ​ | $ | 7,127 | ​ | $ | 7,680 | ​ | $ | 21,898 | ​ | $ | 20,449 | ​
Financial Services | ​ |  | 556 | ​ |  | 480 | ​ |  | 1,438 | ​ |  | 1,212 | ​
Home Office and Other | ​ |  | 866 | ​ |  | 653 | ​ |  | 2,437 | ​ |  | 3,065 | ​
Total consolidated depreciation expense | ​ | $ | 8,549 | ​ | $ | 8,813 | ​ | $ | 25,773 | ​ | $ | 24,726 | ​
Intangible asset amortization expense: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Financial Services | ​ | $ | 2,576 | ​ | $ | 1,605 | ​ | $ | 7,686 | ​ | $ | 4,816 | ​
Total consolidated intangible asset amortization expense | ​ | $ | 2,576 | ​ | $ | 1,605 | ​ | $ | 7,686 | ​ | $ | 4,816 | ​
Adtalem conducts its educational and financial services operations in the U.S., Barbados, St. Kitts, St. Maarten, India, Europe, China, Canada, and the Middle East. Other international revenue was less than 5% of total revenue for each of the three and nine months ended March 31, 2020 and 2019. Revenue and long-lived assets by geographic area are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended | ​
​ | ​ | March 31, | ​ | March 31, | ​
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019 | ​
Revenue from unaffiliated customers: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Domestic operations | ​ | $ | 176,946 | ​ | $ | 160,949 | ​ | $ | 507,482 | ​ | $ | 468,788 | ​
International operations: | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​
Barbados, Dominica, St. Kitts, and St. Maarten | ​ |  | 92,259 | ​ |  | 95,366 | ​ |  | 277,934 | ​ |  | 274,207 | ​
Other | ​ |  | 2,282 | ​ |  | 2,388 | ​ |  | 6,856 | ​ |  | 6,608 | ​
Total international | ​ |  | 94,541 | ​ |  | 97,754 | ​ |  | 284,790 | ​ |  | 280,815 | ​
Total consolidated revenue | ​ | $ | 271,487 | ​ | $ | 258,703 | ​ | $ | 792,272 | ​ | $ | 749,603 | ​
Long-lived assets: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Domestic operations | ​ | $ | 208,812 | ​ | $ | 156,881 | ​ | $ | 208,812 | ​ | $ | 156,881 | ​
International operations: | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​
Barbados, Dominica, St. Kitts, and St. Maarten | ​ |  | 160,552 | ​ |  | 174,827 | ​ |  | 160,552 | ​ |  | 174,827 | ​
Other | ​ |  | 1,807 | ​ |  | 2,065 | ​ |  | 1,807 | ​ |  | 2,065 | ​
Total international | ​ |  | 162,359 | ​ |  | 176,892 | ​ |  | 162,359 | ​ |  | 176,892 | ​
Total consolidated long-lived assets | ​ | $ | 371,171 | ​ | $ | 333,773 | ​ | $ | 371,171 | ​ | $ | 333,773 | ​
​ No one customer accounted for more than 10% of Adtalem’s consolidated revenue.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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