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Segment Information (Tables)

3 Months Ended

Sep. 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):

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	September 30,
​	​	2025		​	2024
Revenue:		​	​		​	​
Chamberlain	​	$	179,201	​	$	167,930
Walden	​	​	189,960	​	​	161,513
Medical and Veterinary	​	​	93,127	​	​	87,957
Total consolidated revenue	​	$	462,288	​	$	417,400
Cost of educational services:	​		​	​	​	​
Chamberlain	​	$	83,198	​	$	76,406
Walden	​	​	64,752	​	​	57,981
Medical and Veterinary	​	​	52,817	​	​	51,608
Other segment expenses(1):	​		​	​	​	​
Chamberlain	​	$	70,395	​	$	63,692
Walden	​	​	69,134	​	​	60,890
Medical and Veterinary	​	​	23,538	​	​	21,619
Adjusted operating income:	​		​	​	​	​
Chamberlain	​	$	25,608	​	$	27,832
Walden	​	​	56,074	​	​	42,642
Medical and Veterinary	​	​	16,772	​	​	14,730
Total segment adjusted operating income	​	​	98,454	​	​	85,204
Reconciliation to Consolidated Financial Statements:	​	​	​	​	​	​
Home Office expense	​		(8,178)	​		(9,355)
Restructuring expense	​		(310)	​		(2,094)
Amortization of acquired intangible assets	​	​	(2,805)	​		(2,805)
Strategic advisory costs	​	​	(1,684)	​		—
Debt modification costs	​	​	—	​		(712)
Total consolidated operating income	​	​	85,477	​	​	70,238
Interest expense	​		(11,090)	​		(14,482)
Other income, net	​		2,486	​		2,646
Total consolidated income from continuing operations before income taxes	​	$	76,873	​	$	58,402
Depreciation:	​		​	​	​	​
Chamberlain	​	$	5,375	​	$	5,368
Walden	​	​	1,940	​	​	1,682
Medical and Veterinary	​	​	2,820	​	​	2,569
Home Office	​		161	​		184
Total consolidated depreciation	​	$	10,296	​	$	9,803
Amortization of acquired intangible assets:	​		​	​	​	​
Walden	​	$	2,805	​	$	2,805
Total consolidated amortization of acquired intangible assets	​	$	2,805	​	$	2,805

​

(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):

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	September 30,
​	​	2025		​	2024
Revenue by geographic area:	​	​	​	​	​	​
Domestic operations	​	$	369,161	​	$	329,443
Barbados, St. Kitts, and St. Maarten	​		93,127	​		87,957
Total consolidated revenue	​	$	462,288	​	$	417,400

​

​	​	​	​	​	​	​
​	​	September 30,		​	June 30,
​	​	2025		​	2025
Long-lived assets by geographic area:		​	​	​	​	​
Domestic operations	​	$	310,440	​	$	308,190
Barbados, St. Kitts, and St. Maarten	​		136,679	​		139,135
Total consolidated long-lived assets	​	$	447,119	​	$	447,325

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
-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

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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 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
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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-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

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