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Discontinued Operations and Assets Held for Sale (Tables) | 9 Months Ended
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Mar. 31, 2020
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, which includes only Adtalem Brazil balances as Carrington and DeVry University were sold as of each period presented below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | June 30, | ​ | March 31,
​ |  | 2020 |  | 2019 |  | 2019
Assets: |  | ​ |  |  | ​ |  |  | ​ |
Current assets: |  | ​ |  |  | ​ |  |  | ​ |
Cash and cash equivalents | ​ | $ | 83,961 | ​ | $ | 95,243 | ​ | $ | 90,511
Accounts receivable, net | ​ |  | 52,507 | ​ |  | 74,269 | ​ |  | 65,794
Prepaid expenses and other current assets | ​ |  | 5,949 | ​ |  | 8,411 | ​ |  | 10,252
Total current assets held for sale | ​ |  | 142,417 | ​ |  | 177,923 | ​ |  | 166,557
Noncurrent assets: | ​ |  | ​ | ​ |  |  | ​ |  |
Property and equipment, net | ​ | ​ | 57,610 | ​ | ​ | 81,250 | ​ | ​ | 80,234
Operating lease assets | ​ |  | 54,092 | ​ |  | — | ​ |  | —
Intangible assets, net | ​ |  | 88,403 | ​ |  | 120,108 | ​ |  | 118,134
Goodwill | ​ |  | 138,914 | ​ |  | 187,195 | ​ |  | 183,575
Other assets, net | ​ |  | 9,542 | ​ |  | 10,338 | ​ |  | 8,999
Total noncurrent assets held for sale | ​ |  | 348,561 | ​ |  | 398,891 | ​ |  | 390,942
Total assets held for sale | ​ | $ | 490,978 | ​ | $ | 576,814 | ​ | $ | 557,499
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ |  | ​ | ​ |  |  | ​ |  |
Current liabilities: | ​ |  | ​ | ​ |  |  | ​ |  |
Accounts payable | ​ | $ | 2,378 | ​ | $ | 4,242 | ​ | $ | 3,230
Accrued payroll and benefits | ​ |  | 10,671 | ​ |  | 17,828 | ​ |  | 15,462
Accrued liabilities | ​ |  | 4,891 | ​ |  | 10,193 | ​ |  | 12,008
Deferred revenue | ​ |  | 8,688 | ​ |  | 3,846 | ​ |  | 13,990
Current operating lease liabilities | ​ |  | 8,322 | ​ |  | — | ​ |  | —
Total current liabilities held for sale | ​ |  | 34,950 | ​ |  | 36,109 | ​ |  | 44,690
Noncurrent liabilities: | ​ |  | ​ | ​ |  |  | ​ |  | ​
Long-term operating lease liabilities | ​ |  | 46,747 | ​ |  | — | ​ |  | —
Other liabilities | ​ |  | 10,103 | ​ |  | 16,146 | ​ |  | 16,372
Total noncurrent liabilities held for sale | ​ |  | 56,850 | ​ |  | 16,146 | ​ |  | 16,372
Total liabilities held for sale | ​ | $ | 91,800 | ​ | $ | 52,255 | ​ | $ | 61,062
The following is a summary of income statement information of operations reported as discontinued operations, which includes Adtalem Brazil operations and includes Carrington’s and DeVry University’s operations through the date of each respective sale (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended | ​
​ | ​ | March 31, | ​ | March 31, | ​
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019 | ​
Revenue | ​ | $ | 41,355 | ​ | $ | 49,906 | ​ | $ | 142,160 | ​ | $ | 355,506 | ​
Operating cost and expense: | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​
Cost of educational services | ​ |  | 28,940 | ​ |  | 36,147 | ​ |  | 98,605 | ​ |  | 222,837 | ​
Student services and administrative expense | ​ |  | 17,781 | ​ |  | 11,252 | ​ |  | 47,860 | ​ |  | 130,615 | ​
Restructuring expense (gain) | ​ |  | 199 | ​ |  | (257) | ​ |  | 625 | ​ |  | (570) | ​
Asset impairment charge - building and equipment | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 1,953 | ​
Total operating cost and expense | ​ |  | 46,920 | ​ |  | 47,142 | ​ |  | 147,090 | ​ |  | 354,835 | ​
Operating (loss) income from discontinued operations | ​ |  | (5,565) | ​ |  | 2,764 | ​ |  | (4,930) | ​ |  | 671 | ​
Other income (expense): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest and dividend income | ​ | ​ | 425 | ​ | ​ | 941 | ​ | ​ | 2,164 | ​ | ​ | 2,917 | ​
Interest expense | ​ | ​ | (807) | ​ | ​ | (483) | ​ | ​ | (2,770) | ​ | ​ | (2,317) | ​
Net other (expense) income | ​ |  | (382) | ​ |  | 458 | ​ |  | (606) | ​ |  | 600 | ​
(Loss) income from discontinued operations before income taxes | ​ | ​ | (5,947) | ​ | ​ | 3,222 | ​ | ​ | (5,536) | ​ | ​ | 1,271 | ​
Loss on disposal of discontinued operations before income taxes | ​ | ​ | — | ​ | ​ | (265) | ​ | ​ | — | ​ | ​ | (32,979) | ​
Benefit from income taxes | ​ |  | 3,228 | ​ |  | 182 | ​ |  | 3,778 | ​ |  | 5,762 | ​
(Loss) income from discontinued operations | ​ | ​ | (2,719) | ​ | ​ | 3,139 | ​ | ​ | (1,758) | ​ | ​ | (25,946) | ​
Net income attributable to redeemable noncontrolling interest | ​ | ​ | — | ​ | ​ | (74) | ​ | ​ | — | ​ | ​ | (382) | ​
Net (loss) income from discontinued operations attributable to Adtalem | ​ | $ | (2,719) | ​ | $ | 3,065 | ​ | $ | (1,758) | ​ | $ | (26,328) | ​

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