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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Carrying Amount of Goodwill | The table below summarizes goodwill balances by reporting unit (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | June 30, | ​ | September 30,
Reporting Unit | ​ | 2020 | ​ | 2020 | ​ | 2019
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 | ​ |  | 376,270 | ​ |  | 376,004 | ​ |  | 376,782
Total | ​ | $ | 686,480 | ​ | $ | 686,214 | ​ | $ | 686,992
The table below summarizes goodwill balances by reportable segment (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | June 30, | ​ | September 30,
Reportable Segment | ​ | 2020 | ​ | 2020 | ​ | 2019
Medical and Healthcare | ​ | $ | 310,210 | ​ | $ | 310,210 | ​ | $ | 310,210
Financial Services | ​ |  | 376,270 | ​ |  | 376,004 | ​ |  | 376,782
Total | ​ | $ | 686,480 | ​ | $ | 686,214 | ​ | $ | 686,992
The table below summarizes the changes in goodwill balances by reportable segment (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Medical and | ​ | Financial | ​ | ​ | ​
​ | ​ | Healthcare | ​ | Services | ​ | Total
June 30, 2019 | ​ | $ | 310,210 | ​ | $ | 377,046 | ​ | $ | 687,256
Foreign exchange rate changes |  | ​ | — |  | ​ | (264) |  | ​ | (264)
September 30, 2019 | ​ | ​ | 310,210 | ​ | ​ | 376,782 | ​ | ​ | 686,992
Purchase accounting adjustments |  | ​ | — |  | ​ | (92) |  | ​ | (92)
Foreign exchange rate changes | ​ | ​ | — | ​ | ​ | (686) | ​ | ​ | (686)
June 30, 2020 | ​ | ​ | 310,210 | ​ | ​ | 376,004 | ​ | ​ | 686,214
Foreign exchange rate changes |  | ​ | — |  | ​ | 266 |  | ​ | 266
September 30, 2020 | ​ | $ | 310,210 | ​ | $ | 376,270 | ​ | $ | 686,480
Schedule of Intangible Assets | Intangible assets consisted of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2020 | ​ | ​
​ | ​ | Gross Carrying | ​ | Accumulated | ​ | Weighted-Average
​ | ​ | Amount | ​ | Amortization | ​ | Amortization Period
Amortizable intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
Customer relationships | ​ | $ | 68,900 | ​ | $ | (22,744) |  | 10 Years
Curriculum/software | ​ |  | 11,600 | ​ |  | (2,578) |  | 6 Years
Course delivery technology | ​ |  | 6,700 | ​ |  | (1,786) |  | 5 Years
Total | ​ | $ | 87,200 | ​ | $ | (27,108) |  | ​
Indefinite-lived intangible assets: | ​ |  | ​ | ​ |  | ​ |  | ​
Trade names | ​ | $ | 95,695 | ​ |  | ​ |  | ​
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 | ​ | $ | 224,935 | ​ |  | ​ |  | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2020
​ | ​ | Gross Carrying | ​ | Accumulated
​ | ​ | Amount | ​ | Amortization
Amortizable intangible assets: | ​ | ​ | ​ | ​ | ​ | ​
Customer relationships | ​ | $ | 68,900 | ​ | $ | (21,044)
Curriculum/software | ​ | ​ | 11,600 | ​ | ​ | (2,094)
Course delivery technology | ​ | ​ | 7,200 | ​ | ​ | (1,952)
Total | ​ | $ | 87,700 | ​ | $ | (25,090)
Indefinite-lived intangible assets: | ​ |  | ​ | ​ |  | ​
Trade names | ​ | $ | 95,664 | ​ |  | ​
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 | ​ | $ | 224,904 | ​ |  | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2019
​ | ​ | Gross Carrying | ​ | Accumulated
​ | ​ | Amount | ​ | Amortization
Amortizable intangible assets: | ​ |  | ​ | ​ |  | ​
Customer relationships | ​ | $ | 68,900 | ​ | $ | (15,865)
Curriculum/software | ​ | ​ | 11,600 | ​ | ​ | (644)
Course delivery technology | ​ | ​ | 7,200 | ​ | ​ | (853)
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 | ​ | ​ | ​
Summary of Indefinite-Lived Intangible Assets Balances by Reporting Segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | June 30, | ​ | September 30,
Reportable Segment | ​ | 2020 | ​ | 2020 | ​ | 2019
Medical and Healthcare | ​ | $ | 137,500 | ​ | $ | 137,500 | ​ | $ | 137,500
Financial Services | ​ |  | 87,435 | ​ |  | 87,404 | ​ |  | 87,486
Total | ​ | $ | 224,935 | ​ | $ | 224,904 | ​ | $ | 224,986
Estimated Amortization Expense for Amortized Intangible Assets | Estimated intangible asset amortization expense is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​
​ | ​ | Financial | ​
Fiscal Year | ​ | Services | ​
2021 (remaining) | ​ | $ | 7,555 | ​
2022 | ​ |  | 9,943 | ​
2023 | ​ |  | 9,792 | ​
2024 | ​ |  | 9,509 | ​
2025 | ​ |  | 7,933 | ​
Thereafter | ​ |  | 15,360 | ​
Total | ​ | $ | 60,092 | ​

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