XML 30 R14.htm IDEA: XBRL DOCUMENT
v3.21.2

Restructuring Charges | 12 Months Ended
--- | ---
Jun. 30, 2021
Restructuring and Related Activities [Abstract] |
Restructuring Charges | 6. Restructuring Charges During fiscal year 2021, Adtalem recorded restructuring charges primarily related to Adtalem’s home office and ACAMS real estate consolidations, and a write-down of EduPristine’s assets. During fiscal year 2020, Adtalem recorded restructuring charges primarily related to the sale of Becker’s courses for healthcare students, Adtalem’s home office and ACAMS real estate consolidations, and workforce reductions across the organization. During fiscal year 2019, Adtalem recorded restructuring charges primarily related to the impairment of the property and equipment at the Dominica campus of RUSM and severance related to workforce reductions in Dominica. In January 2019, RUSM relocated its campus operations to Barbados with no plans to return to Dominica. The property and equipment in Dominica have been fully impaired as management determined the market value less the costs to sell the facilities or move the equipment was zero. In addition, during fiscal year 2019, Adtalem recorded restructuring charges related to Adtalem’s home office real estate consolidations. When estimating costs of exiting lease space, estimates are made which could differ materially from actual results and result in additional restructuring charges or reversals in future periods. Termination benefit charges represented severance pay and benefits for these employees. Adtalem’s home office is classified as “Home Office and Other” in Note 21 “Segment Information.” Pre-tax restructuring charges by segment were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended June 30, 2021
​ | ​ | Real Estate and Other | ​ | Termination Benefits | ​ | Total
Financial Services | ​ | $ | 3,044 |  | $ | — |  | $ | 3,044
Home Office and Other | ​ | ​ | 6,270 |  | ​ | 490 |  | ​ | 6,760
Total | ​ | $ | 9,314 | ​ | $ | 490 | ​ | $ | 9,804
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended June 30, 2020
​ | ​ | Real Estate and Other | ​ | Termination Benefits | ​ | Total
Medical and Healthcare | ​ | $ | 1,129 | ​ | $ | 578 | ​ | $ | 1,707
Financial Services | ​ | ​ | 4,366 |  | ​ | 476 |  | ​ | 4,842
Home Office and Other |  | ​ | 20,160 |  | ​ | 1,919 |  | ​ | 22,079
Total | ​ | $ | 25,655 | ​ | $ | 2,973 | ​ | $ | 28,628
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended June 30, 2019
​ | ​ | Real Estate and Other | ​ | Termination Benefits | ​ | Total
Medical and Healthcare | ​ | $ | 40,372 | ​ | $ | 1,294 | ​ | $ | 41,666
Financial Services | ​ | ​ | 1,304 |  | ​ | — |  | ​ | 1,304
Home Office and Other |  | ​ | 9,581 |  | ​ | 516 |  | ​ | 10,097
Total | ​ | $ | 51,257 | ​ | $ | 1,810 | ​ | $ | 53,067
​ The following table summarizes the separation and restructuring plan activity for the fiscal years 2020 and 2021, for which cash payments are required (in thousands): ​
​ | ​ | ​ | ​
Liability balance as of June 30, 2019 | ​ | $ | 25,083
ASC 842 (leases) adjustment (1) | ​ | ​ | (25,030)
Liability balance as of July 1, 2019 | ​ |  | 53
Increase in liability (separation and other charges) | ​ |  | 4,955
Reduction in liability (payments and adjustments) | ​ |  | (3,573)
Liability balance as of June 30, 2020 | ​ |  | 1,435
Increase in liability (separation and other charges) | ​ |  | 490
Reduction in liability (payments and adjustments) | ​ |  | (1,925)
Liability balance as of June 30, 2021 | ​ | $ | —
(1) Reflects amounts reclassified out of the opening balance of restructuring reserve accruals as of June 30, 2019 to operating lease assets that was recorded with the adoption of ASC 842. We have completed our current restructuring plans. However, we continue to incur restructuring charges or reversals related to exiting leased space from previous restructuring activities. Management may institute future restructuring plans.

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

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration