Schedule II Valuation and Qualifying Accounts and Reserves

12 Months Ended

Jun. 30, 2011

Schedule of Valuation And Qualifying Accounts

Schedule Of Valuation And Qualifying Accounts Disclosure Text Block

DEVRY INC.
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
For the Years Ended June 30, 2011, 2010 and 2009
Description of Allowances and Reserves		Balance at Beginning of Period		Charged to Costs and Expenses			Charged to Other Accounts			Deductions {c}			Balance at End of Period
		(Dollars in thousands)
FY2011
Deducted from accounts receivable for refunds	$	6,866	$	43,875	(d)	$	(2,833)	(g)	$	42,433		$	5,475
Deducted from accounts receivable for uncollectable
accounts		56,257		44,182			764	(a)		42,387			58,816
Deducted from notes receivable for uncollectable notes		7,730		3,154			-			589			10,295
Deducted from contributions to Perkins loan program for
uncollectable loans		2,562		-			-			-			2,562
Deducted from deferred tax assets for valuation allowances		6,852		-			-			-			6,852
FY2010
Deducted from accounts receivable for refunds	$	4,423	$	37,959	(d)	$	1,750	(g)	$	37,266		$	6,866
Deducted from accounts receivable for uncollectable
accounts		50,695		43,361			34	(a)		37,833			56,257
Deducted from notes receivable for uncollectable notes		5,454		6,809			-			4,533			7,730
Deducted from contributions to Perkins loan program for
uncollectable loans		2,562		-			-			-			2,562
Deducted from deferred tax assets for valuation allowances		6,852		-			2,300	(e)		2,300	(f)		6,852
FY2009
Deducted from accounts receivable for refunds	$	748	$	30,481	(d)	$	4,410	(b)	$	31,216		$	4,423
Deducted from accounts receivable for uncollectable
accounts		35,132		41,560			6,324	(b)		32,321			50,695
Deducted from notes receivable for uncollectable notes		5,370		285			(8)	(a)		193			5,454
Deducted from contributions to Perkins loan program for
uncollectable loans		2,562		-			-			-			2,562
Deducted from deferred tax assets for valuation allowances		13,600		-			(5,548)	(e)		1,200	(f)		6,852
(a) Effects of foreign currency translation charged to Accumulated Other Comprehensive Income.
(b) Amounts represent opening balances of reserve accounts of acquired businesses.
(c)Write-offs of uncollectable amounts and cash refunds for accounts and notes receivable related reserves.
(d) Amounts recorded as a reduction of revenue.
(e) Change in related deferred tax balances.
(f) Utilization of deferred tax assets and expected realization of net operating loss carryforwards.
(g) Charged to deferred revenue accounts and effects of foreign currency translation charged to Accumulated Other Comprehensive Income.