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Segment Information (Tables) | 12 Months Ended
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Jun. 30, 2025
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,
​ | ​ | 2025 | ​ | 2024 | ​ | 2023
Revenue: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Chamberlain | ​ | $ | 725,774 | ​ | $ | 633,522 | ​ | $ | 571,034
Walden | ​ | ​ | 693,430 | ​ | ​ | 595,332 | ​ | ​ | 533,725
Medical and Veterinary | ​ | ​ | 369,086 | ​ | ​ | 355,798 | ​ | ​ | 346,067
Total consolidated revenue | ​ | $ | 1,788,290 | ​ | $ | 1,584,652 | ​ | $ | 1,450,826
Cost of educational services: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Chamberlain | ​ | $ | 321,769 | ​ | $ | 277,215 | ​ | $ | 248,727
Walden | ​ | ​ | 240,084 | ​ | ​ | 221,110 | ​ | ​ | 199,625
Medical and Veterinary | ​ | ​ | 209,577 | ​ | ​ | 200,223 | ​ | ​ | 200,134
Other segment expenses(1): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Chamberlain | ​ | $ | 250,638 | ​ | $ | 218,507 | ​ | $ | 186,804
Walden | ​ | ​ | 269,765 | ​ | ​ | 243,675 | ​ | ​ | 223,736
Medical and Veterinary | ​ | ​ | 90,257 | ​ | ​ | 84,068 | ​ | ​ | 78,597
Adjusted operating income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Chamberlain | ​ | $ | 153,367 | ​ | $ | 137,800 | ​ | $ | 135,503
Walden | ​ | ​ | 183,581 | ​ | ​ | 130,547 | ​ | ​ | 110,364
Medical and Veterinary | ​ | ​ | 69,252 | ​ | ​ | 71,507 | ​ | ​ | 67,336
Total segment adjusted operating income | ​ | ​ | 406,200 | ​ | ​ | 339,854 | ​ | ​ | 313,203
Reconciliation to Consolidated Financial Statements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Home Office expense | ​ |  | (36,030) | ​ |  | (31,076) | ​ |  | (25,633)
Restructuring expense | ​ |  | (3,314) | ​ |  | (1,870) | ​ |  | (18,817)
Business integration expense | ​ | ​ | — | ​ |  | (34,215) | ​ |  | (42,661)
Amortization of acquired intangible assets: | ​ | ​ | (11,220) | ​ |  | (35,644) | ​ |  | (61,239)
Litigation reserve | ​ | ​ | 5,550 | ​ |  | (18,500) | ​ |  | (10,000)
Asset impairments | ​ | ​ | (6,442) | ​ |  | — | ​ |  | —
Strategic advisory costs | ​ | ​ | (12,000) | ​ |  | — | ​ |  | —
Loss on assets held for sale | ​ | ​ | (490) | ​ |  | (647) | ​ |  | —
Debt modification costs | ​ | ​ | (712) | ​ |  | (848) | ​ |  | —
Gain on sale of assets | ​ | ​ | — | ​ |  | — | ​ |  | 13,317
Total consolidated operating income | ​ | ​ | 341,542 | ​ | ​ | 217,054 | ​ | ​ | 168,170
Interest expense | ​ |  | (52,318) | ​ |  | (63,659) | ​ |  | (63,100)
Other income, net | ​ |  | 9,290 | ​ |  | 10,542 | ​ |  | 6,965
Total consolidated income from continuing operations before income taxes | ​ | $ | 298,514 | ​ | $ | 163,937 | ​ | $ | 112,035
Depreciation: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Chamberlain | ​ | $ | 21,687 | ​ | $ | 18,752 | ​ | $ | 17,175
Walden | ​ | ​ | 7,421 | ​ | ​ | 7,389 | ​ | ​ | 9,419
Medical and Veterinary | ​ | ​ | 10,853 | ​ | ​ | 11,983 | ​ | ​ | 12,438
Home Office | ​ |  | 741 | ​ |  | 1,552 | ​ |  | 2,344
Total consolidated depreciation | ​ | $ | 40,702 | ​ | $ | 39,676 | ​ | $ | 41,376
Amortization of acquired intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Walden | ​ | $ | 11,220 | ​ | $ | 35,644 | ​ | $ | 61,239
Total consolidated amortization of acquired intangible assets | ​ | $ | 11,220 | ​ | $ | 35,644 | ​ | $ | 61,239
(1) | Other segment expenses for each reportable segment include student services and administrative related expenses.
​
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,
​ | ​ | 2025 | ​ | 2024 | ​ | 2023
Revenue by geographic area: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic operations | ​ | $ | 1,419,204 | ​ | $ | 1,228,854 | ​ | $ | 1,104,759
Barbados, St. Kitts, and St. Maarten | ​ |  | 369,086 | ​ |  | 355,798 | ​ |  | 346,067
Total consolidated revenue | ​ | $ | 1,788,290 | ​ | $ | 1,584,652 | ​ | $ | 1,450,826
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
​ | ​ | 2025 | ​ | 2024
Long-lived assets by geographic area: | ​ | ​ | ​ | ​ | ​ | ​
Domestic operations | ​ | $ | 308,190 | ​ | $ | 283,597
Barbados, St. Kitts, and St. Maarten | ​ |  | 139,135 | ​ |  | 149,507
Total consolidated long-lived assets | ​ | $ | 447,325 | ​ | $ | 433,104

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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 -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 Reference 2: 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 + 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 -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 2: 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 3: 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
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