INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consist of the following (in thousands):

	December 31, 2016
	Gross Carrying Amount		Accumulated Amortization		Weighted Average Amortization Period
Amortizable Intangible Assets:
Student Relationships	$	12,657	$	(8,324)	5 Years
Customer Relationships		42,900		(2,547)	10 Years
Non-compete Agreements		1,640		(1,226)	3 Years
Curriculum/Software		8,143		(2,206)	4 Years
Franchise Contracts		10,783		(1,148)	18 Years
Clinical Agreements		399		(93)	15 Years
Trade Names		1,163		(901)	10 Years
Proprietary Technology		500		(63)	4 Years
Total	$	78,185	$	(16,508)
Indefinite-lived Intangible Assets:
Trade Names	$	110,048
Trademarks		1,645
Ross Title IV Eligibility and Accreditations		14,100
Intellectual Property		13,940
Chamberlain Title IV Eligibility and Accreditations		1,200
Carrington Title IV Eligibility and Accreditations		20,200
AUC Title IV Eligibility and Accreditations		100,000
DeVry Brasil Accreditation		98,718
Total	$	359,851

	June 30, 2016
	Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Student Relationships	$	14,530	$	(7,150)
Customer Relationships		400		(170)
Non-compete Agreements		940		(799)
Curriculum/Software		4,038		(1,914)
Franchise Contracts		10,968		(863)
Clinical Agreements		406		(81)
Trade Names		1,183		(858)
Total	$	32,465	$	(11,835)
Indefinite-lived Intangible Assets:
Trade Names	$	70,731
Trademarks		1,645
Ross Title IV Eligibility and Accreditations		14,100
Intellectual Property		13,940
Chamberlain Title IV Eligibility and Accreditations		1,200
Carrington Title IV Eligibility and Accreditations		20,200
AUC Title IV Eligibility and Accreditations		100,000
DeVry Brasil Accreditation		100,410
Total	$	322,226

	December 31, 2015
	Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Student Relationships	$	11,739	$	(4,128)
Customer Relationships		400		(150)
Test Prep Relationships		808		(741)
Non-compete Agreements		940		(705)
Curriculum/Software		3,692		(1,587)
Outplacement Relationships		3,900		(1,894)
Franchise Contracts		8,861		(451)
Clinical Agreements		328		(55)
Trade Names		957		(645)
Total	$	31,625	$	(10,356)
Indefinite-lived Intangible Assets:
Trade Names	$	63,667
Trademarks		1,645
Ross Title IV Eligibility and Accreditations		14,100
Intellectual Property		13,940
Chamberlain Title IV Eligibility and Accreditations		1,200
Carrington Title IV Eligibility and Accreditations		60,700
AUC Title IV Eligibility and Accreditations		100,000
DeVry Brasil Accreditation		81,380
Total	$	336,632

Estimated Amortization Expense for Amortized Intangible Assets

Estimated amortization expense for amortizable intangible assets for the next five fiscal years ending June 30 and in the aggregate, by reporting unit, is as follows (in thousands):

Fiscal Year	DeVry Brasil		Becker		Total
2017	$	3,635	$	7,482	$	11,117
2018		2,912		6,501		9,413
2019		2,093		6,422		8,515
2020		1,474		4,671		6,145
2021		923		4,440		5,363
Thereafter		7,125		19,686		26,811

Changes in Carrying Amount of Goodwill, by Segment

The table below summarizes goodwill balances by reporting unit (in thousands):

	December 31,		June 30		December 31,
Reporting Unit	2016		2016		2015
AUC	$	68,321	$	68,321	$	68,321
RUSM and RUSVM		237,173		237,173		237,173
Chamberlain		4,716		4,716		4,716
Carrington		-		-		5,811
DeVry Brasil		216,050		223,558		172,274
Becker		306,382		32,043		32,503
DeVry University		22,196		22,196		22,196
Total	$	854,838	$	588,007	$	542,994

The table below summarizes goodwill balances by reporting segment (in thousands):

	December 31,		June 30,		December 31,
Reporting Segment	2016		2016		2015
Medical and Healthcare	$	310,210	$	310,210	$	316,021
International and Professional Education		522,432		255,601		204,777
Business, Technology and Management		22,196		22,196		22,196
Total	$	854,838	$	588,007	$	542,994

The table below summarizes the changes in the carrying amount of goodwill by segment (in thousands):

	Medical and Healthcare				International		Business,
			Accumulated		and		Technology
			Impairment		Professional		and
	Gross		Losses		Education		Management		Total
Balance at June 30, 2014	$	495,927	$	(86,933)	$	88,689	$	22,196	$	519,879
Acquisitions		-		-		55,915		-		55,915
Foreign currency exchange rate changes		-		-		(23,465)		-		(23,465)
Balance at June 30, 2015		495,927		(86,933)		121,139		22,196		552,329
Acquisitions		-		-		104,613		-		104,613
Impairments		-		(92,973)		-		-		(92,973)
Foreign currency exchange rate changes		-		-		(20,975)		-		(20,975)
Balance at December 31, 2015		495,927		(179,906)		204,777		22,196		542,994
Purchase Accounting Adjustments		-		-		4,575		-		4,575
Acquisitions		-		-		11,394		-		11,394
Impairments		-		(5,811)		-		-		(5,811)
Foreign currency exchange rate changes		-		-		34,855		-		34,855
Balance at June 30, 2016		495,927		(185,717)		255,601		22,196		588,007
Purchase Accounting Adjustments		-		-		(3,122)		-		(3,122)
Acquisitions		-		-		274,620		-		274,620
Foreign currency exchange rate changes		-		-		(4,667)		-		(4,667)
Balance at December 31, 2016	$	495,927	$	(185,717)	$	522,432	$	22,196	$	854,838

Summary of Indefinite-Lived Intangible Assets Balances by Reporting Segment

The table below summarizes the indefinite-lived intangible asset balances by reporting segment (in thousands):

	December 31,		June 30,		December 31,
Reporting Segment	2016		2016		2015
Medical and Healthcare	$	157,700	$	157,700	$	198,200
International and Professional Education		200,506		162,881		136,787
Business, Technology and Management		1,645		1,645		1,645
Total	$	359,851	$	322,226	$	336,632