DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Balance Sheet Information of Assets and Liabilities Reported as Discontinued Operations

The following is a summary of balance sheet information of assets and liabilities reported as held for sale (in thousands):

	December 31,		June 30,		December 31,
	2018		2018		2017
ASSETS:
Current Assets:
Cash and Cash Equivalents	$	-	$	1	$	902
Restricted Cash		-		13,404		6,579
Accounts Receivable, Net		-		25,294		25,404
Prepaid Expenses and Other Current Assets		-		8,433		10,611
Total Current Assets Held for Sale		-		47,132		43,496
Land, Building and Equipment Held for Sale, Net Noncurrent Assets:		-		-		20,821
Intangible Assets		-		-		20,200
Perkins Program Fund, Net		-		13,450		13,450
Other Assets, Net		-		-		3,420
Total Noncurrent Assets Held for Sale		-		13,450		37,070
Total Assets Held for Sale	$	-	$	60,582	$	101,387
LIABILITIES:
Current Liabilities:
Accounts Payable	$	-	$	24,312	$	19,801
Accrued Salaries, Wages and Benefits		-		13,979		13,846
Accrued Liabilities		-		1,514		8,044
Deferred Revenue		-		16,634		15,517
Total Current Liabilities Held for Sale		-		56,439		57,208
Noncurrent Liabilities:
Deferred Income Taxes		-		216		878
Total Noncurrent Liabilities Held for Sale		-		216		878
Total Liabilities Held for Sale	$	-	$	56,655	$	58,086

The following is a summary of income statement information of operations reported as discontinued operations (in thousands). The results include Carrington's and DeVry University's operations through the date of each respective sale.

	Three Months Ended						Six Months Ended
	December 31,						December 31,
	2018			2017			2018			2017
REVENUE	$	83,414		$	119,674		$	195,716		$	247,557
OPERATING COST AND EXPENSE:
Cost of Educational Services		48,075			69,747			109,416			144,688
Student Services and Administrative Expense		43,920			47,537			99,292			109,073
Restructuring Expense (Gain)		21			3,337			(497	)		10,192
Asset Impairment Charge - Intangible and Goodwill		-			23,841			-			23,841
Asset Impairment Charge - Building and Equipment		(289	)		23,391			1,953			23,391
Loss on Sale of Assets		-			230			-			230
Total Operating Cost and Expense		91,727			168,083			210,164			311,415
Loss from Discontinued Operations Before Income Taxes		(8,313	)		(48,409	)		(14,448	)		(63,858	)
Loss on Disposal of Discontinued Operations Before Income Taxes		(32,714	)		-			(32,714	)		-
Income Tax Benefit		5,904			19,094			7,332			21,890
Loss from Discontinued Operations	$	(35,123	)	$	(29,315	)	$	(39,830	)	$	(41,968	)