XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Information | 3 Months Ended
--- | ---
Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Information | 19. Segment Information Beginning in the first quarter of fiscal year 2020, Adtalem Brazil operations were classified as discontinued operations. See Note 3 “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. Discontinued operations assets are included in the table below to reconcile to total consolidated assets presented on the Consolidated Balance Sheets. 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 are 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 lending. 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, which consists of restructuring expense, business acquisition and integration expense, and gain on sale of assets. 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 activities 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 | ​
​ | ​ | September 30, | ​
​ | ​ | 2020 | ​ | 2019 | ​
Revenue: |  | ​ | ​ |  | ​ | ​ |
Medical and Healthcare | ​ | $ | 218,826 | ​ | $ | 207,487 | ​
Financial Services | ​ |  | 49,415 | ​ |  | 47,126 | ​
Total consolidated revenue | ​ | $ | 268,241 | ​ | $ | 254,613 | ​
Operating income excluding special items: | ​ |  | ​ | ​ |  | ​ | ​
Medical and Healthcare | ​ | $ | 53,010 | ​ | $ | 28,627 | ​
Financial Services | ​ |  | 8,687 | ​ |  | 4,107 | ​
Home Office and Other | ​ |  | (7,332) | ​ |  | (5,242) | ​
Total consolidated operating income excluding special items | ​ | ​ | 54,365 | ​ | ​ | 27,492 | ​
Reconciliation to Consolidated Financial Statements: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Restructuring expense | ​ |  | (4,223) | ​ |  | (6,530) | ​
Business acquisition and integration expense | ​ | ​ | (13,436) | ​ |  | — | ​
Gain on sale of assets | ​ | ​ | — | ​ |  | 4,779 | ​
Total consolidated operating income | ​ | ​ | 36,706 | ​ | ​ | 25,741 | ​
Net other expense | ​ |  | (2,170) | ​ |  | (4,627) | ​
Total consolidated income from continuing operations before income taxes | ​ | $ | 34,536 | ​ | $ | 21,114 | ​
Segment assets: | ​ |  | ​ | ​ | ​ | ​ | ​
Medical and Healthcare | ​ | $ | 976,382 | ​ | $ | 1,006,655 | ​
Financial Services | ​ |  | 579,634 | ​ |  | 582,820 | ​
Home Office and Other | ​ |  | 773,881 | ​ |  | 256,042 | ​
Discontinued Operations | ​ |  | — | ​ |  | 614,807 | ​
Total consolidated assets | ​ | $ | 2,329,897 | ​ | $ | 2,460,324 | ​
Capital expenditures: | ​ |  | ​ | ​ | ​ | ​ | ​
Medical and Healthcare | ​ | $ | 9,266 | ​ | $ | 6,467 | ​
Financial Services | ​ |  | 2,127 | ​ |  | 539 | ​
Home Office and Other | ​ |  | 3,050 | ​ |  | 3,430 | ​
Total consolidated capital expenditures | ​ | $ | 14,443 | ​ | $ | 10,436 | ​
Depreciation expense: | ​ |  | ​ | ​ | ​ | ​ | ​
Medical and Healthcare | ​ | $ | 7,373 | ​ | $ | 7,231 | ​
Financial Services | ​ |  | 729 | ​ |  | 294 | ​
Home Office and Other | ​ |  | 873 | ​ |  | 868 | ​
Total consolidated depreciation expense | ​ | $ | 8,975 | ​ | $ | 8,393 | ​
Intangible asset amortization expense: | ​ |  | ​ | ​ | ​ | ​ | ​
Financial Services | ​ | $ | 2,518 | ​ | $ | 2,534 | ​
Total consolidated intangible asset amortization expense | ​ | $ | 2,518 | ​ | $ | 2,534 | ​
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. Revenue and long-lived assets by geographic area are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | September 30, | ​
​ | ​ | 2020 | ​ | 2019 | ​
Revenue from unaffiliated customers: |  | ​ | ​ |  | ​ | ​ |
Domestic operations | ​ | $ | 172,644 | ​ | $ | 152,037 | ​
International operations: | ​ |  | ​ | ​ |  | ​ | ​
Barbados, St. Kitts, and St. Maarten | ​ |  | 85,062 | ​ |  | 90,969 | ​
Other | ​ |  | 10,535 | ​ |  | 11,607 | ​
Total international | ​ |  | 95,597 | ​ |  | 102,576 | ​
Total consolidated revenue | ​ | $ | 268,241 | ​ | $ | 254,613 | ​
Long-lived assets: | ​ |  | ​ | ​ |  | ​ | ​
Domestic operations | ​ | $ | 216,628 | ​ | $ | 196,331 | ​
International operations: | ​ |  | ​ | ​ |  | ​ | ​
Barbados, St. Kitts, and St. Maarten | ​ |  | 166,950 | ​ |  | 173,793 | ​
Other | ​ |  | 1,190 | ​ |  | 1,785 | ​
Total international | ​ |  | 168,140 | ​ |  | 175,578 | ​
Total consolidated long-lived assets | ​ | $ | 384,768 | ​ | $ | 371,909 | ​
​ Prior period amounts within domestic operations and other international operations revenue in the above table have been reclassified for consistency with the current period presentation. We previously classified certain sales dependent upon the location of the legal entity reporting the sale. We have changed our methodology to classify these sales within the geographic area category where the sale originates. We believe this better reflects the usefulness of this disclosure. No one customer accounted for more than 10% of Adtalem’s consolidated revenue for all periods presented.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration