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Accumulated Other Comprehensive Loss

12 Months Ended

Jun. 30, 2021

Comprehensive Income, Net Of Tax [Abstract]

Accumulated Other Comprehensive Loss

16. Accumulated Other Comprehensive Loss

The following table shows the changes in accumulated other comprehensive loss by component (in thousands):

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended June 30,
​	​	2021		​	2020		​	2019
Foreign currency translation adjustments	​	​	​	​	​	​	​	​	​
Beginning balance	​	$	(1,383)	​	$	(137,389)	​	$	(142,574)
Gain (loss) on foreign currency translation	​	​	713	​	​	(157,354)	​	​	5,185
Reclassification from other comprehensive income	​	​	—	​	​	293,360	​	​	—
Ending balance	​	$	(670)	​	$	(1,383)	​	$	(137,389)
​	​	​	​	​	​	​	​	​	​
Available-for-sale marketable securities	​	​	​	​	​	​	​	​	​
Beginning balance, gross	​	$	242	​	$	131	​	$	537
Beginning balance, tax effect	​	​	(59)	​	​	(32)	​	​	(131)
Beginning balance, net of tax	​	​	183	​	​	99	​	​	406
ASU 2016-01 cumulative effect adjustment	​	​	—	​	​	—	​	​	(381)
Unrealized (loss) gain on available-for-sale marketable securities	​	​	(75)	​	​	111	​	​	98
Tax effect	​	​	18	​	​	(27)	​	​	(24)
Reclassification from other comprehensive income	​	​	(126)	​	​	—	​	​	—
Ending balance	​	$	—	​	$	183	​	$	99
​	​	​	​	​	​	​	​	​	​
Interest rate swap	​	​	​	​	​	​	​	​	​
Beginning balance, gross	​	$	(10,399)	​	$	—	​	$	—
Beginning balance, tax effect	​	​	2,544	​	​	—	​	​	—
Beginning balance, net of tax	​	​	(7,855)	​	​	—	​	​	—
Unrealized gain (loss) on interest rate swap	​	​	1,473	​	​	(10,399)	​	​	—
Tax effect	​	​	(313)	​	​	2,544	​	​	—
Ending balance	​	$	(6,695)	​	$	(7,855)	​	$	—
​	​	​	​	​	​	​	​	​	​
Total ending balance at June 30	​	$	(7,365)	​	$	(9,055)	​	$	(137,290)

​

On April 24, 2020, Adtalem completed the sale of Adtalem Brazil. We recorded a reclassification from other comprehensive income of $293.4 million for the year ended June 30, 2020 due to the sale of Adtalem Brazil. This represents the cumulative foreign currency translation adjustments recorded in accumulated other comprehensive loss on the Consolidated Balance Sheet related to Adtalem Brazil as of April 24, 2020, which was recognized in net income in the Consolidated Statement of Loss for the year ended June 30, 2020.

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- References

No definition available.

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- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI http://asc.fasb.org/topic&trid=2134417

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

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