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v3.23.1

Segment Information (Tables) | 9 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Tabulation of Business Segment Information Based on Current Segmentation | Summary financial information by reportable segment is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | March 31, | ​ | March 31,
​ | ​ | 2023 | ​ | 2022 | ​ | 2023 | ​ | 2022
Revenue: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Chamberlain | ​ | $ | 149,737 | ​ | $ | 142,550 | ​ | $ | 426,538 | ​ | $ | 417,310
Walden | ​ | ​ | 132,874 | ​ | ​ | 139,081 | ​ | ​ | 395,715 | ​ | ​ | 348,325
Medical and Veterinary | ​ | ​ | 86,471 | ​ | ​ | 82,650 | ​ | ​ | 263,932 | ​ | ​ | 255,560
Total consolidated revenue | ​ | $ | 369,082 | ​ | $ | 364,281 | ​ | $ | 1,086,185 | ​ | $ | 1,021,195
Adjusted operating income: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
Chamberlain | ​ | $ | 39,589 | ​ | $ | 38,910 | ​ | $ | 99,820 | ​ | $ | 85,556
Walden | ​ | ​ | 24,628 | ​ | ​ | 25,843 | ​ | ​ | 78,181 | ​ | ​ | 68,796
Medical and Veterinary | ​ | ​ | 16,893 | ​ | ​ | 18,140 | ​ | ​ | 56,506 | ​ | ​ | 50,157
Home Office and Other | ​ |  | (8,142) | ​ |  | (6,685) | ​ |  | (16,867) | ​ |  | (26,467)
Total consolidated adjusted operating income | ​ | ​ | 72,968 | ​ | ​ | 76,208 | ​ | ​ | 217,640 | ​ | ​ | 178,042
Reconciliation to Consolidated Financial Statements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred revenue adjustment | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (8,561)
CEO transition costs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (6,195)
Restructuring expense | ​ |  | (1,278) | ​ |  | (10,518) | ​ |  | (17,706) | ​ |  | (16,999)
Business acquisition and integration expense | ​ | ​ | (11,346) | ​ |  | (5,924) | ​ | ​ | (35,702) | ​ |  | (41,537)
Intangible amortization expense | ​ | ​ | (14,232) | ​ |  | (26,817) | ​ | ​ | (48,936) | ​ |  | (73,967)
Gain on sale of assets | ​ | ​ | 13,317 | ​ |  | — | ​ | ​ | 13,317 | ​ |  | —
Total consolidated operating income | ​ | ​ | 59,429 | ​ | ​ | 32,949 | ​ | ​ | 128,613 | ​ | ​ | 30,783
Interest expense | ​ |  | (14,457) | ​ |  | (36,585) | ​ |  | (47,806) | ​ |  | (109,907)
Other income (expense), net | ​ |  | 3,980 | ​ |  | (327) | ​ |  | 3,301 | ​ |  | 2,435
Total consolidated income (loss) from continuing operations before income taxes | ​ | $ | 48,952 | ​ | $ | (3,963) | ​ | $ | 84,108 | ​ | $ | (76,689)
Capital expenditures: | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Chamberlain | ​ | $ | 4,002 | ​ | $ | 3,255 | ​ | $ | 6,920 | ​ | $ | 9,869
Walden | ​ | ​ | 1,198 | ​ | ​ | 1,629 | ​ | ​ | 2,291 | ​ | ​ | 4,561
Medical and Veterinary | ​ | ​ | 1,277 | ​ | ​ | 891 | ​ | ​ | 2,192 | ​ | ​ | 2,650
Home Office and Other | ​ |  | 2,832 | ​ |  | 1,702 | ​ |  | 7,653 | ​ |  | 5,169
Total consolidated capital expenditures | ​ | $ | 9,309 | ​ | $ | 7,477 | ​ | $ | 19,056 | ​ | $ | 22,249
Depreciation expense: | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Chamberlain | ​ | $ | 4,405 | ​ | $ | 4,738 | ​ | $ | 12,985 | ​ | $ | 14,048
Walden | ​ | ​ | 2,439 | ​ | ​ | 2,573 | ​ | ​ | 7,303 | ​ | ​ | 6,801
Medical and Veterinary | ​ | ​ | 3,231 | ​ | ​ | 3,397 | ​ | ​ | 9,367 | ​ | ​ | 10,497
Home Office and Other | ​ |  | 82 | ​ |  | 633 | ​ |  | 1,963 | ​ |  | 2,125
Total consolidated depreciation expense | ​ | $ | 10,157 | ​ | $ | 11,341 | ​ | $ | 31,618 | ​ | $ | 33,471
Intangible asset amortization expense: | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Walden | ​ | $ | 14,232 | ​ | $ | 26,817 | ​ | $ | 48,936 | ​ | $ | 73,967
Total consolidated intangible asset amortization expense | ​ | $ | 14,232 | ​ | $ | 26,817 | ​ | $ | 48,936 | ​ | $ | 73,967
​
Revenues and Long-Lived Assets by Geographic Area | Revenue and long-lived assets by geographic area are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | March 31, | ​ | March 31,
​ | ​ | 2023 | ​ | 2022 | ​ | 2023 | ​ | 2022
Revenue from unaffiliated customers: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​
Domestic operations | ​ | $ | 282,611 | ​ | $ | 281,631 | ​ | $ | 822,253 | ​ | $ | 765,635
Barbados, St. Kitts, and St. Maarten | ​ |  | 86,471 | ​ |  | 82,650 | ​ |  | 263,932 | ​ |  | 255,560
Total consolidated revenue | ​ | $ | 369,082 | ​ | $ | 364,281 | ​ | $ | 1,086,185 | ​ | $ | 1,021,195
Long-lived assets: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
Domestic operations | ​ | $ | 266,985 | ​ | $ | 296,838 | ​ | $ | 266,985 | ​ | $ | 296,838
Barbados, St. Kitts, and St. Maarten | ​ |  | 159,083 | ​ |  | 184,668 | ​ |  | 159,083 | ​ |  | 184,668
Total consolidated long-lived assets | ​ | $ | 426,068 | ​ | $ | 481,506 | ​ | $ | 426,068 | ​ | $ | 481,506
​

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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