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Discontinued Operations and Assets Held for Sale (Tables)

6 Months Ended

Dec. 31, 2021

Discontinued Operations And Disposal Groups [Abstract]

Balance Sheet and Income Statement Information of Discontinued Operations

The following is a summary of balance sheet information of assets and liabilities reported as held for sale, which includes ACAMS, Becker, OCL, and EduPristine (in thousands):

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​	​	​	​	​	​	​	​	​	​	​
​	​	December 31,		​	June 30,		​	December 31,		​
​	​	2021		​	2021		​	2020		​
Assets:		​	​		​	​		​	​	​
Current assets:		​	​		​	​		​	​	​
Cash and cash equivalents	​	$	48,450	​	$	18,236	​	$	33,389	​
Accounts receivable, net	​		21,960	​		24,955	​		19,437	​
Prepaid expenses and other current assets	​		3,987	​		5,124	​		3,878	​
Total current assets held for sale	​		74,397	​		48,315	​		56,704	​
Noncurrent assets:	​		​	​		​	​		​	​
Property and equipment, net	​	​	14,065	​	​	13,545	​	​	11,050	​
Operating lease assets	​		1,172	​		1,578	​		1,926	​
Intangible assets, net	​		133,777	​		138,749	​		145,018	​
Goodwill	​		376,165	​		376,164	​		376,347	​
Other assets, net	​		4,149	​		1,561	​		101	​
Total noncurrent assets held for sale	​		529,328	​		531,597	​		534,442	​
Total assets held for sale	​	$	603,725	​	$	579,912	​	$	591,146	​
​	​	​	​	​	​	​	​	​	​	​
Liabilities:	​		​	​		​	​		​	​
Current liabilities:	​		​	​		​	​		​	​
Accounts payable	​	$	14,242	​	$	13,650	​	$	9,780	​
Accrued payroll and benefits	​		7,551	​		10,121	​		7,011	​
Accrued liabilities	​		3,752	​		2,914	​		3,464	​
Deferred revenue	​		31,017	​		31,890	​		27,748	​
Current operating lease liabilities	​		1,128	​		1,338	​		1,293	​
Total current liabilities held for sale	​		57,690	​		59,913	​		49,296	​
Noncurrent liabilities:	​		​	​		​	​		​	​
Long-term operating lease liabilities	​		342	​		789	​		1,485	​
Deferred income taxes	​		30,827	​		31,821	​		31,163	​
Other liabilities	​		917	​		907	​		901	​
Total noncurrent liabilities held for sale	​		32,086	​		33,517	​		33,549	​
Total liabilities held for sale	​	$	89,776	​	$	93,430	​	$	82,845	​

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Three Months Ended

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Six Months Ended

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December 31,

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December 31,

​

​

​

2021

​

2020

​

2021

​

2020

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Revenue

​

$

53,082

​

$

48,715

​

$

112,339

​

$

98,130

​

Operating cost and expense:

​

​

​

​

​

​

​

​

​

Cost of educational services

​

8,914

​

5,996

​

19,974

​

14,001

​

Student services and administrative expense

​

39,060

​

42,647

​

93,307

​

82,079

​

Restructuring expense

​

949

​

—

​

949

​

1,307

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Total operating cost and expense

​

48,923

​

48,643

​

114,230

​

97,387

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Income (loss) from discontinued operations before income taxes

​

​

4,159

​

​

72

​

​

(1,891)

​

​

743

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Provision for income taxes

​

(25,340)

​

(864)

​

(112)

​

(1,282)

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Loss from discontinued operations

​

​

(21,181)

​

​

(792)

​

​

(2,003)

​

​

(539)

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Net loss attributable to redeemable noncontrolling interest from discontinued operations

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​

—

​

​

166

​

​

—

​

​

257

​

Net loss from discontinued operations attributable to Adtalem

​

$

(21,181)

​

$

(626)

​

$

(2,003)

​

$

(282)

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- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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