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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Sep. 30, 2021
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 | ​ | 2021 | ​ | 2021 | ​ | 2020
Chamberlain | ​ | $ | 4,716 | ​ | $ | 4,716 | ​ | $ | 4,716
Walden | ​ | ​ | 642,554 | ​ | ​ | — | ​ | ​ | —
AUC | ​ |  | 68,321 | ​ |  | 68,321 | ​ |  | 68,321
RUSM and RUSVM | ​ |  | 237,173 | ​ |  | 237,173 | ​ |  | 237,173
Financial Services | ​ |  | 376,164 | ​ |  | 376,164 | ​ |  | 376,270
Total | ​ | $ | 1,328,928 | ​ | $ | 686,374 | ​ | $ | 686,480
​ The table below summarizes goodwill balances by reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | June 30, | ​ | September 30,
Reportable Segment | ​ | 2021 | ​ | 2021 | ​ | 2020
Chamberlain | ​ | $ | 4,716 | ​ | $ | 4,716 | ​ | $ | 4,716
Walden | ​ | ​ | 642,554 | ​ | ​ | — | ​ | ​ | —
Medical and Veterinary | ​ | ​ | 305,494 | ​ | ​ | 305,494 | ​ | ​ | 305,494
Financial Services | ​ |  | 376,164 | ​ |  | 376,164 | ​ |  | 376,270
Total | ​ | $ | 1,328,928 | ​ | $ | 686,374 | ​ | $ | 686,480
​ The table below summarizes the changes in goodwill balances by reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Medical and | ​ | Financial | ​ | ​ | ​
​ | ​ | Chamberlain | ​ | Walden | ​ | Veterinary | ​ | Services | ​ | Total
June 30, 2020 | ​ | $ | 4,716 | ​ | $ | — | ​ | $ | 305,494 | ​ | $ | 376,004 | ​ | $ | 686,214
Foreign exchange rate changes |  | ​ | — |  | ​ | — |  | ​ | — |  | ​ | 266 |  | ​ | 266
September 30, 2020 | ​ | ​ | 4,716 | ​ | ​ | — | ​ | ​ | 305,494 | ​ | ​ | 376,270 | ​ | ​ | 686,480
Foreign exchange rate changes | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (106) | ​ | ​ | (106)
June 30, 2021 | ​ | ​ | 4,716 | ​ | ​ | — | ​ | ​ | 305,494 | ​ | ​ | 376,164 | ​ | ​ | 686,374
Acquisition |  | ​ | — |  | ​ | 642,554 |  | ​ | — |  | ​ | — |  | ​ | 642,554
September 30, 2021 | ​ | $ | 4,716 | ​ | $ | 642,554 | ​ | $ | 305,494 | ​ | $ | 376,164 | ​ | $ | 1,328,928
Schedule of Intangible Assets | Intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021 | ​ | ​
​ | ​ | Gross Carrying | ​ | Accumulated | ​ | Weighted-Average
​ | ​ | Amount | ​ | Amortization | ​ | Amortization Period
Amortizable intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
Student relationships | ​ | $ | 161,900 | ​ | $ | (15,049) |  | 3 Years
Customer relationships | ​ | ​ | 68,900 | ​ | ​ | (29,511) | ​ | 10 Years
Curriculum/software | ​ |  | 67,691 | ​ |  | (5,913) |  | 5 Years
Course delivery technology | ​ |  | 6,700 | ​ |  | (3,127) |  | 5 Years
Total | ​ | $ | 305,191 | ​ | $ | (53,600) |  | ​
Indefinite-lived intangible assets: | ​ |  | ​ | ​ |  | ​ |  | ​
Walden trade name | ​ | $ | 119,560 | ​ |  | ​ |  | ​
AUC trade name | ​ | ​ | 17,100 | ​ | ​ | ​ | ​ | ​
Ross trade name | ​ | ​ | 5,100 | ​ | ​ | ​ | ​ | ​
Financial Services trade names | ​ | ​ | 72,272 | ​ | ​ | ​ | ​ | ​
Chamberlain Title IV eligibility and accreditations | ​ |  | 1,200 | ​ |  | ​ |  | ​
Walden Title IV eligibility and accreditations | ​ | ​ | 495,800 | ​ | ​ | ​ | ​ | ​
AUC Title IV eligibility and accreditations | ​ |  | 100,000 | ​ |  | ​ |  | ​
Ross Title IV eligibility and accreditations | ​ |  | 14,100 | ​ |  | ​ |  | ​
Intellectual property | ​ |  | 13,940 | ​ |  | ​ |  | ​
Total | ​ | $ | 839,072 | ​ |  | ​ |  | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2021
​ | ​ | Gross Carrying | ​ | Accumulated
​ | ​ | Amount | ​ | Amortization
Amortizable intangible assets: | ​ | ​ | ​ | ​ | ​ | ​
Customer relationships | ​ | $ | 68,900 | ​ | $ | (27,844)
Curriculum/software | ​ | ​ | 11,600 | ​ | ​ | (4,028)
Course delivery technology | ​ | ​ | 6,700 | ​ | ​ | (2,791)
Total | ​ | $ | 87,200 | ​ | $ | (34,663)
Indefinite-lived intangible assets: | ​ |  | ​ | ​ |  | ​
AUC trade name | ​ | $ | 17,100 | ​ |  | ​
Ross trade name | ​ | ​ | 5,100 | ​ | ​ | ​
Financial Services trade names | ​ | ​ | 72,272 | ​ | ​ | ​
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 | ​ | $ | 223,712 | ​ |  | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2020
​ | ​ | Gross Carrying | ​ | Accumulated
​ | ​ | Amount | ​ | Amortization
Amortizable intangible assets: | ​ |  | ​ | ​ |  | ​
Customer relationships | ​ | $ | 68,900 | ​ | $ | (22,744)
Curriculum/software | ​ | ​ | 11,600 | ​ | ​ | (2,578)
Course delivery technology | ​ | ​ | 6,700 | ​ | ​ | (1,786)
Total | ​ | $ | 87,200 | ​ | $ | (27,108)
Indefinite-lived intangible assets: | ​ | ​ | ​ | ​ | ​ | ​
AUC trade name | ​ | $ | 17,100 | ​ | ​ | ​
Ross trade name | ​ | ​ | 5,100 | ​ | ​ | ​
Financial Services trade names | ​ | ​ | 73,495 | ​ | ​ | ​
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 | ​ | ​ | ​
Summary of Indefinite-Lived Intangible Assets Balances by Reporting Segment | The table below summarizes the indefinite-lived intangible asset balances by reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | June 30, | ​ | September 30,
Reportable Segment | ​ | 2021 | ​ | 2021 | ​ | 2020
Chamberlain | ​ | $ | 1,200 | ​ | $ | 1,200 | ​ | $ | 1,200
Walden | ​ | ​ | 615,360 | ​ | ​ | — | ​ | ​ | —
Medical and Veterinary | ​ | ​ | 136,300 | ​ | ​ | 136,300 | ​ | ​ | 136,300
Financial Services | ​ |  | 86,212 | ​ |  | 86,212 | ​ |  | 87,435
Total | ​ | $ | 839,072 | ​ | $ | 223,712 | ​ | $ | 224,935
Estimated Amortization Expense for Amortized Intangible Assets | Estimated intangible asset amortization expense, by reporting unit, is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Financial | ​ | ​ | ​
Fiscal Year | ​ | Walden | ​ | Services | ​ | Total | ​
2022 (remaining) | ​ | $ | 80,823 | ​ | $ | 7,458 | ​ | $ | 88,281 | ​
2023 | ​ |  | 61,239 | ​ |  | 9,792 | ​ |  | 71,031 | ​
2024 | ​ |  | 35,644 | ​ |  | 9,509 | ​ |  | 45,153 | ​
2025 | ​ |  | 11,220 | ​ |  | 7,933 | ​ |  | 19,153 | ​
2026 | ​ |  | 11,220 | ​ |  | 5,959 | ​ |  | 17,179 | ​
Thereafter | ​ |  | 1,394 | ​ |  | 9,400 | ​ |  | 10,794 | ​
Total | ​ | $ | 201,540 | ​ | $ | 50,051 | ​ | $ | 251,591 | ​

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