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Segment Information | 9 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Segment Information | 20. Segment Information We present three reportable segments as follows: Chamberlain – Offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment includes the operations of Chamberlain. Walden – Offers more than 100 online certificate, bachelor’s, master’s, and doctoral degrees, including those in nursing, education, counseling, business, psychology, public health, social work and human services, public administration and public policy, and criminal justice. This segment includes the operations of Walden, which was acquired by Adtalem on August 12, 2021. See Note 3 “Acquisitions” for additional information on the acquisition. Medical and Veterinary – Offers degree and non-degree programs in the medical and veterinary postsecondary education industry. This segment includes the operations of AUC, RUSM, and RUSVM, which are collectively referred to as the “medical and veterinary schools.” Certain expenses previously allocated to ACAMS, Becker, OCL, and EduPristine within our former Financial Services segment during the first quarter of fiscal year 2022 have been reclassified to Home Office and Other based on discontinued operations reporting guidance regarding allocation of corporate overhead. Beginning in the second quarter of fiscal year 2022, these costs are being allocated to the Chamberlain, Walden, and Medical and Veterinary segments. These segments are consistent with the method by which the Chief Operating Decision Maker (Adtalem’s President and Chief Executive Officer) evaluates performance and allocates resources. Performance evaluations are based on each segment’s adjusted operating income. Adjusted operating income excludes special items, which consists of deferred revenue adjustment, CEO transition costs, restructuring expense, business acquisition and integration expense, intangible asset amortization, and gain on sale of assets. Adtalem’s management excludes these items from its review of the results of the operating segments for purposes of measuring segment profitability and allocating resources. “Home Office and Other” includes activities not allocated to a reportable segment and is included to reconcile segment results to the Consolidated Financial Statements. Total assets by segment is not presented as our CODM does not review or allocate resources based on segment assets. The accounting policies of the segments are the same as those described in Note 2 “Summary of Significant Accounting Policies.” 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
​ Adtalem conducts its educational operations in the U.S., Barbados, St. Kitts, and St. Maarten. 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
​ No one customer accounted for more than 10% of Adtalem’s consolidated revenue for all periods presented.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -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 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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