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Property and Equipment, Net | 9 Months Ended
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Mar. 31, 2022
Property, Plant And Equipment [Abstract] |
Property and Equipment, Net | 10. Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | June 30, | ​ | March 31,
​ | ​ | 2022 | ​ | 2021 | ​ | 2021
Land |  | $ | 44,478 | ​ | $ | 44,331 |  | $ | 44,276
Building | ​ | ​ | 341,026 | ​ | ​ | 326,382 | ​ | ​ | 325,811
Equipment | ​ | ​ | 266,384 | ​ | ​ | 234,686 | ​ | ​ | 248,784
Construction in progress | ​ | ​ | 8,137 | ​ | ​ | 18,284 | ​ | ​ | 7,667
Property and equipment, gross | ​ | ​ | 660,025 | ​ | ​ | 623,683 | ​ | ​ | 626,538
Accumulated depreciation | ​ |  | (365,487) | ​ |  | (339,991) | ​ |  | (347,674)
Property and equipment, net | ​ | $ | 294,538 | ​ | $ | 283,692 | ​ | $ | 278,864
​ On July 31, 2019, Adtalem sold its Chicago, Illinois, campus facility to DePaul College Prep for $52.0 million. Adtalem received $5.2 million of cash at the time of closing and holds a mortgage, secured by the property, from DePaul College Prep for $46.8 million. The mortgage is due on July 31, 2024 as a balloon payment and bears interest at a rate of 4% per annum, payable monthly. The buyer has an option to make prepayments. Due to Adtalem’s involvement with financing the sale, the transaction did not qualify as a sale for accounting purposes. Adtalem continues to maintain the assets associated with the sale on the Consolidated Balance Sheets. We recorded a note receivable of $40.3 million and a financing payable of $45.5 million at the time of the sale, which were classified as other assets, net and other liabilities, respectively, on the Consolidated Balance Sheets. See Note 9 “Accounts Receivable and Credit Losses” for a discussion on the discounting of the note receivable.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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