XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.22.1

Earnings per Share | 9 Months Ended
--- | ---
Mar. 31, 2022
Earnings per Share |
Earnings per Share | 8. Earnings per Share As a result of incurring a net loss from continuing operations for the nine months ended March 31, 2022, potential common shares of 413 thousand were excluded from diluted loss per share because the effect would have been antidilutive. As further described in Note 15 “Share Repurchases,” on March 14, 2022, we entered into an accelerated share repurchase (“ASR”) agreement to repurchase $150.0 million of common stock. For purposes of calculating earnings per share for the periods presented, Adtalem reflected the ASR as a repurchase of Adtalem common stock and as a forward contract indexed to its own common stock. Certain shares, including shares expected to be received under the final settlement of the ASR and stock awards, were excluded from the computation of earnings per share because the effect would have been antidilutive. The following table sets forth the computations of basic and diluted earnings per share and antidilutive shares (in thousands, except per share data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended | ​
​ | ​ | March 31, | ​ | March 31, | ​
​ | ​ | 2022 | ​ | 2021 | ​ | 2022 | ​ | 2021 | ​
Numerator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) attributable to Adtalem: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Continuing operations | ​ | $ | 5,857 | ​ | $ | 24,238 | ​ | $ | (32,291) | ​ | $ | 67,765 | ​
Discontinued operations | ​ | ​ | 343,985 | ​ | ​ | 414 | ​ | ​ | 341,982 | ​ | ​ | 132 | ​
Net income attributable to Adtalem | ​ | $ | 349,842 | ​ | $ | 24,652 | ​ | $ | 309,691 | ​ | $ | 67,897 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average basic shares outstanding |  | ​ | 48,925 | ​ |  | 50,658 |  | ​ | 49,459 |  | ​ | 51,799 | ​
Effect of dilutive stock awards |  | ​ | 452 | ​ |  | 453 |  | ​ | — |  | ​ | 302 | ​
Weighted-average diluted shares outstanding |  | ​ | 49,377 | ​ |  | 51,111 |  | ​ | 49,459 |  | ​ | 52,101 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings (loss) per share attributable to Adtalem: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Continuing operations | ​ | $ | 0.12 | ​ | $ | 0.48 | ​ | $ | (0.65) | ​ | $ | 1.31 | ​
Discontinued operations | ​ | $ | 7.03 | ​ | $ | 0.01 | ​ | $ | 6.91 | ​ | $ | 0.00 | ​
Total basic earnings per share | ​ | $ | 7.15 | ​ | $ | 0.49 | ​ | $ | 6.26 | ​ | $ | 1.31 | ​
Diluted: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Continuing operations | ​ | $ | 0.12 | ​ | $ | 0.47 | ​ | $ | (0.65) | ​ | $ | 1.30 | ​
Discontinued operations | ​ | $ | 6.97 | ​ | $ | 0.01 | ​ | $ | 6.91 | ​ | $ | 0.00 | ​
Total diluted earnings per share | ​ | $ | 7.09 | ​ | $ | 0.48 | ​ | $ | 6.26 | ​ | $ | 1.30 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average antidilutive shares | ​ | ​ | 2,074 | ​ | ​ | 675 | ​ | ​ | 2,187 | ​ | ​ | 1,124 | ​
​

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration