XML 63 R47.htm IDEA: XBRL DOCUMENT v3.23.2

Segment Information (Tables)

12 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Tabulation of Business Segment Information Based on Current Segmentation

Summary financial information by reportable segment is as follows (in thousands):

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended June 30,
​	​	2023		​	2022		​	2021
Revenue:		​	​	​	​	​	​	​	​
Chamberlain	​	$	571,034	​	$	557,536	​	$	563,814
Walden	​	​	533,725	​	​	485,393	​	​	—
Medical and Veterinary	​	​	346,067	​	​	338,913	​	​	335,434
Total consolidated revenue	​	$	1,450,826	​	$	1,381,842	​	$	899,248
Adjusted operating income:	​	​	​	​	​	​	​	​	​
Chamberlain	​	$	135,503	​	$	127,252	​	$	128,851
Walden	​	​	110,364	​	​	104,582	​	​	—
Medical and Veterinary	​	​	67,336	​	​	69,148	​	​	60,199
Home Office and Other	​		(25,633)	​		(33,380)	​		(40,189)
Total consolidated adjusted operating income	​	​	287,570	​	​	267,602	​	​	148,861
Reconciliation to Consolidated Financial Statements:	​	​	​	​	​	​	​	​	​
Deferred revenue adjustment	​	​	—	​	​	(8,561)	​	​	—
CEO transition costs	​	​	—	​	​	(6,195)	​	​	—
Restructuring expense	​		(18,817)	​		(25,628)	​		(6,869)
Business acquisition and integration expense	​	​	(42,661)	​		(53,198)	​		(31,593)
Intangible amortization expense	​	​	(61,239)	​		(97,274)	​		—
Litigation reserve	​	​	(10,000)	​		—	​		—
Gain on sale of assets	​	​	13,317	​		—	​		—
Total consolidated operating income	​	​	168,170	​	​	76,746	​	​	110,399
Interest expense	​		(63,100)	​		(129,348)	​		(41,365)
Other income, net	​		6,965	​		1,108	​		6,732
Total consolidated income (loss) from continuing operations before income taxes	​	$	112,035	​	$	(51,494)	​	$	75,766
Capital expenditures:	​	​	​	​	​	​	​	​	​
Chamberlain	​	$	17,749	​	$	15,235	​	$	28,631
Walden	​	​	4,688	​	​	5,393	​	​	—
Medical and Veterinary	​	​	4,386	​	​	3,277	​	​	4,121
Home Office and Other	​		10,185	​		7,149	​		7,129
Total consolidated capital expenditures	​	$	37,008	​	$	31,054	​	$	39,881
Depreciation expense:	​	​	​	​	​	​	​	​	​
Chamberlain	​	$	17,264	​	$	18,547	​	$	16,123
Walden	​	​	9,492	​	​	9,255	​	​	—
Medical and Veterinary	​	​	12,475	​	​	13,890	​	​	14,431
Home Office and Other	​		2,344	​		2,882	​		3,334
Total consolidated depreciation expense	​	$	41,575	​	$	44,574	​	$	33,888
Intangible amortization expense:	​	​	​	​	​	​	​	​	​
Walden	​	$	61,239	​	$	97,274	​	$	—
Total consolidated intangible amortization expense	​	$	61,239	​	$	97,274	​	$	—

​

Revenues and Long-Lived Assets by Geographic Area

Revenue and long-lived assets by geographic area are as follows (in thousands):

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended June 30,
​	​	2023		​	2022		​	2021
Revenue from unaffiliated customers:		​	​	​	​	​	​	​	​
Domestic operations	​	$	1,104,759	​	$	1,042,929	​	$	563,814
Barbados, St. Kitts, and St. Maarten	​		346,067	​		338,913	​		335,434
Total consolidated revenue	​	$	1,450,826	​	$	1,381,842	​	$	899,248
Long-lived assets:	​	​	​	​	​	​	​	​	​
Domestic operations	​	$	269,147	​	$	289,129	​	$	286,720
Barbados, St. Kitts, and St. Maarten	​		164,052	​		178,792	​		164,337
Total consolidated long-lived assets	​	$	433,199	​	$	467,921	​	$	451,057

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration