FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2013

Assets Measured at Fair Value on Recurring Basis

The following tables present DeVry’s assets and liabilities at June 30, 2013, that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (dollars in thousands).

	Level 1		Level 2		Level 3
Cash and Cash Equivalents	$	196,576	$	-	$	-
Available for Sale Investments:
Marketable Securities, short-term		2,975		-		-
Favip Contingent Consideration		-		-		2,509
Total Financial Assets at Fair Value	$	199,551	$	-	$	2,509

Roll-Forward of Assets Measured at Fair Value using Level Three Inputs

Below is a roll-forward of liabilities measured at fair value using Level 3 inputs for the twelve months ended June 30, 2013 (dollars in thousands). The amount recorded as foreign currency translation gain is classified as student services and administrative expense in the Consolidated Statements of Income.

	Accrued Expenses		Long- Term Liabilities
Balance at Beginning of Period	$	-	$	(4,361)
Total Realized Gains (Losses) Included in Income:
Reversal of ATC Accrual		-		4,381
Interest Expense-ATC Accretion		-		(141)
Total Unrealized Gains (Losses) Included in AOCI:
Foreign Currency Translation Changes		260		121
Transfer into Level 3:
Favip Contingent Consideration		(2,769)		-
Balance at June 30, 2013	$	(2,509)	$	-