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v3.22.2.2

Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Goodwill | The table below summarizes goodwill balances by reporting unit (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | June 30, | ​ | September 30,
Reporting Unit | ​ | 2022 | ​ | 2022 | ​ | 2021
Chamberlain | ​ | $ | 4,716 | ​ | $ | 4,716 | ​ | $ | 4,716
Walden | ​ | ​ | 651,052 | ​ | ​ | 651,052 | ​ | ​ | 642,554
AUC | ​ |  | 68,321 | ​ |  | 68,321 | ​ |  | 68,321
RUSM and RUSVM | ​ |  | 237,173 | ​ |  | 237,173 | ​ |  | 237,173
Total | ​ | $ | 961,262 | ​ | $ | 961,262 | ​ | $ | 952,764
​ The table below summarizes goodwill balances by reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | June 30, | ​ | September 30,
​ | ​ | 2022 | ​ | 2022 | ​ | 2021
Chamberlain | ​ | $ | 4,716 | ​ | $ | 4,716 | ​ | $ | 4,716
Walden | ​ | ​ | 651,052 | ​ | ​ | 651,052 | ​ | ​ | 642,554
Medical and Veterinary | ​ | ​ | 305,494 | ​ | ​ | 305,494 | ​ | ​ | 305,494
Total | ​ | $ | 961,262 | ​ | $ | 961,262 | ​ | $ | 952,764
​ The table below summarizes the changes in goodwill balances by reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Medical and | ​ | ​ | ​
​ | ​ | Chamberlain | ​ | Walden | ​ | Veterinary | ​ | Total
June 30, 2021 | ​ | $ | 4,716 | ​ | $ | — | ​ | $ | 305,494 | ​ | $ | 310,210
Acquisition |  | ​ | — |  | ​ | 642,554 |  | ​ | — |  | ​ | 642,554
September 30, 2021 | ​ | ​ | 4,716 | ​ | ​ | 642,554 | ​ | ​ | 305,494 | ​ | ​ | 952,764
Purchase accounting adjustments |  | ​ | — |  | ​ | 8,498 |  | ​ | — |  | ​ | 8,498
June 30, 2022 | ​ | ​ | 4,716 | ​ | ​ | 651,052 | ​ | ​ | 305,494 | ​ | ​ | 961,262
September 30, 2022 | ​ | $ | 4,716 | ​ | $ | 651,052 | ​ | $ | 305,494 | ​ | $ | 961,262
Summary of Amortizable Intangible Assets | Amortizable intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2022 | ​ | June 30, 2022 | ​ | September 30, 2021 | ​ | ​
​ | ​ | Gross Carrying | ​ | Accumulated | ​ | Gross Carrying | ​ | Accumulated | ​ | Gross Carrying | ​ | Accumulated | ​ | Weighted-Average
​ | ​ | Amount | ​ | Amortization | ​ | Amount | ​ | Amortization | ​ | Amount | ​ | Amortization | ​ | Amortization Period
Student relationships | ​ | $ | 161,900 | ​ | $ | (103,180) |  | $ | 161,900 | ​ | $ | (87,457) |  | $ | 161,900 | ​ | $ | (15,049) |  | 3 Years
Curriculum | ​ |  | 56,091 | ​ |  | (12,622) |  |  | 56,091 | ​ |  | (9,817) |  |  | 56,091 | ​ |  | (1,402) |  | 5 Years
Total | ​ | $ | 217,991 | ​ | $ | (115,802) |  | $ | 217,991 | ​ | $ | (97,274) |  | $ | 217,991 | ​ | $ | (16,451) |  | ​
Summary of Indefinite-Lived Intangible Assets | Indefinite-lived intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | June 30, | ​ | September 30,
​ | ​ | 2022 | ​ | 2022 | ​ | 2021
Walden trade name | ​ | $ | 119,560 | ​ | $ | 119,560 | ​ | $ | 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 | ​ | ​ | 495,800 | ​ | ​ | 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 | ​ | $ | 752,860 | ​ | $ | 752,860
​ The table below summarizes the indefinite-lived intangible asset balances by reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | June 30, | ​ | September 30,
​ | ​ | 2022 | ​ | 2022 | ​ | 2021
Chamberlain | ​ | $ | 1,200 | ​ | $ | 1,200 | ​ | $ | 1,200
Walden | ​ | ​ | 615,360 | ​ | ​ | 615,360 | ​ | ​ | 615,360
Medical and Veterinary | ​ | ​ | 136,300 | ​ | ​ | 136,300 | ​ | ​ | 136,300
Total | ​ | $ | 752,860 | ​ | $ | 752,860 | ​ | $ | 752,860
Estimated Amortization Expense for Amortized Intangible Assets | Future intangible asset amortization expense, by reporting unit, is expected to be as follows (in thousands): ​
​ | ​ | ​ | ​
Fiscal Year | ​ | Walden
2023 (remaining) | ​ | $ | 42,711
2024 | ​ |  | 35,644
2025 | ​ |  | 11,220
2026 | ​ |  | 11,220
2027 | ​ |  | 1,394
Total | ​ | $ | 102,189

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