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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Goodwill | The table below summarizes goodwill balances by reporting unit (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | June 30, | ​ | December 31,
Reporting Unit | ​ | 2021 | ​ | 2021 | ​ | 2020
Chamberlain | ​ | $ | 4,716 | ​ | $ | 4,716 | ​ | $ | 4,716
Walden | ​ | ​ | 649,848 | ​ | ​ | — | ​ | ​ | —
AUC | ​ |  | 68,321 | ​ |  | 68,321 | ​ |  | 68,321
RUSM and RUSVM | ​ |  | 237,173 | ​ |  | 237,173 | ​ |  | 237,173
Total | ​ | $ | 960,058 | ​ | $ | 310,210 | ​ | $ | 310,210
​ The table below summarizes goodwill balances by reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | June 30, | ​ | December 31,
Reportable Segment | ​ | 2021 | ​ | 2021 | ​ | 2020
Chamberlain | ​ | $ | 4,716 | ​ | $ | 4,716 | ​ | $ | 4,716
Walden | ​ | ​ | 649,848 | ​ | ​ | — | ​ | ​ | —
Medical and Veterinary | ​ | ​ | 305,494 | ​ | ​ | 305,494 | ​ | ​ | 305,494
Total | ​ | $ | 960,058 | ​ | $ | 310,210 | ​ | $ | 310,210
​ The table below summarizes the changes in goodwill balances by reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Medical and | ​ | ​ | ​
​ | ​ | Chamberlain | ​ | Walden | ​ | Veterinary | ​ | Total
June 30, 2020 | ​ | $ | 4,716 | ​ | $ | — | ​ | $ | 305,494 | ​ | $ | 310,210
December 31, 2020 | ​ | ​ | 4,716 | ​ | ​ | — | ​ | ​ | 305,494 | ​ | ​ | 310,210
June 30, 2021 | ​ | ​ | 4,716 | ​ | ​ | — | ​ | ​ | 305,494 | ​ | ​ | 310,210
Acquisition |  | ​ | — |  | ​ | 649,848 |  | ​ | — |  | ​ | 649,848
December 31, 2021 | ​ | $ | 4,716 | ​ | $ | 649,848 | ​ | $ | 305,494 | ​ | $ | 960,058
Summary of Amortizable Intangible Assets | Amortizable intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021 | ​ | ​
​ | ​ | Gross Carrying | ​ | Accumulated | ​ | Weighted-Average
Amortizable intangible assets | ​ | Amount | ​ | Amortization | ​ | Amortization Period
Student relationships | ​ | $ | 161,900 | ​ | $ | (42,943) |  | 3 Years
Curriculum | ​ |  | 56,091 | ​ |  | (4,207) |  | 5 Years
Total | ​ | $ | 217,991 | ​ | $ | (47,150) |  | ​
Summary of Indefinite-Lived Intangible Assets | Indefinite-lived intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | June 30, | ​ | December 31,
Indefinite-lived intangible assets | ​ | 2021 | ​ | 2021 | ​ | 2020
Walden trade name | ​ | $ | 119,560 | ​ | $ | — | ​ | $ | —
AUC trade name | ​ | ​ | 17,100 | ​ | ​ | 17,100 | ​ | ​ | 17,100
Ross trade name | ​ | ​ | 5,100 | ​ | ​ | 5,100 | ​ | ​ | 5,100
Chamberlain Title IV eligibility and accreditations | ​ |  | 1,200 | ​ |  | 1,200 | ​ |  | 1,200
Walden Title IV eligibility and accreditations | ​ | ​ | 495,800 | ​ | ​ | — | ​ | ​ | —
AUC Title IV eligibility and accreditations | ​ |  | 100,000 | ​ |  | 100,000 | ​ |  | 100,000
Ross Title IV eligibility and accreditations | ​ |  | 14,100 | ​ |  | 14,100 | ​ |  | 14,100
Total | ​ | $ | 752,860 | ​ | $ | 137,500 | ​ | $ | 137,500
​ The table below summarizes the indefinite-lived intangible asset balances by reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | June 30, | ​ | December 31,
Reportable Segment | ​ | 2021 | ​ | 2021 | ​ | 2020
Chamberlain | ​ | $ | 1,200 | ​ | $ | 1,200 | ​ | $ | 1,200
Walden | ​ | ​ | 615,360 | ​ | ​ | — | ​ | ​ | —
Medical and Veterinary | ​ | ​ | 136,300 | ​ | ​ | 136,300 | ​ | ​ | 136,300
Total | ​ | $ | 752,860 | ​ | $ | 137,500 | ​ | $ | 137,500
Estimated Amortization Expense for Amortized Intangible Assets | Estimated intangible asset amortization expense, by reporting unit, is as follows (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | ​
Fiscal Year | ​ | Walden
2022 (remaining) | ​ | $ | 50,124
2023 | ​ |  | 61,239
2024 | ​ |  | 35,644
2025 | ​ |  | 11,220
2026 | ​ |  | 11,220
Thereafter | ​ |  | 1,394
Total | ​ | $ | 170,841

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