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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Disaggregate revenue
The following tables disaggregate revenue by source (in thousands):
 
 
 
Three Months Ended December 31, 2018
 
 
 
Medical and

Healthcare
 
 
Professional

Education
 
 
Technology

and Business
 
 
Home Office

and Other
 
 
Consolidated
 
Higher Education
 
$
211,487
 
 
$
-
 
 
$
59,394
 
 
$
-
 
 
$
270,881
 
Test Preparation
 
 
-
 
 
 
23,950
 
 
 
3,239
 
 
 
(808
)
 
 
26,381
 
Certifications
 
 
-
 
 
 
7,284
 
 
 
-
 
 
 
-
 
 
 
7,284
 
Conferences/Seminars
 
 
-
 
 
 
9,378
 
 
 
-
 
 
 
-
 
 
 
9,378
 
Memberships/Subscriptions
 
 
-
 
 
 
1,263
 
 
 
-
 
 
 
-
 
 
 
1,263
 
Other
 
 
1,140
 
 
 
267
 
 
 
-
 
 
 
-
 
 
 
1,407
 
 
 
$
212,627
 
 
$
42,142
 
 
$
62,633
 
 
$
(808
)
 
$
316,594
 
 
 
 
Six Months Ended December 31, 2018
 
 
 
Medical and

Healthcare
 
 
Professional

Education
 
 
Technology

and Business
 
 
Home Office

and Other
 
 
Consolidated
 
Higher Education
 
$
412,660
 
 
$
-
 
 
$
103,235
 
 
$
-
 
 
$
515,895
 
Test Preparation
 
 
-
 
 
 
44,452
 
 
 
6,649
 
 
 
(1,615
)
 
 
49,486
 
Certifications
 
 
-
 
 
 
15,498
 
 
 
-
 
 
 
-
 
 
 
15,498
 
Conferences/Seminars
 
 
-
 
 
 
12,246
 
 
 
-
 
 
 
-
 
 
 
12,246
 
Memberships/Subscriptions
 
 
-
 
 
 
5,199
 
 
 
-
 
 
 
-
 
 
 
5,199
 
Other
 
 
2,067
 
 
 
393
 
 
 
-
 
 
 
-
 
 
 
2,460
 
 
 
$
414,727
 
 
$
77,788
 
 
$
109,884
 
 
$
(1,615
)
 
$
600,784
 
 
 
 
Three Months Ended December 31, 2017
 
 
 
Medical and

Healthcare
 
 
Professional

Education
 
 
Technology

and Business
 
 
Home Office

and Other
 
 
Consolidated
 
Higher Education
 
$
203,297
 
 
$
-
 
 
$
70,045
 
 
$
-
 
 
$
273,342
 
Test Preparation
 
 
-
 
 
 
16,451
 
 
 
5,088
 
 
 
(578
)
 
 
20,961
 
Certifications
 
 
-
 
 
 
6,968
 
 
 
-
 
 
 
-
 
 
 
6,968
 
Conferences/Seminars
 
 
-
 
 
 
3,595
 
 
 
-
 
 
 
-
 
 
 
3,595
 
Memberships/Subscriptions
 
 
-
 
 
 
3,257
 
 
 
-
 
 
 
-
 
 
 
3,257
 
Other
 
 
-
 
 
 
88
 
 
 
-
 
 
 
-
 
 
 
88
 
 
 
$
203,297
 
 
$
30,359
 
 
$
75,133
 
 
$
(578
)
 
$
308,211
 
 
 
 
Six Months Ended December 31, 2017
 
 
 
Medical and

Healthcare
 
 
Professional

Education
 
 
Technology

and Business
 
 
Home Office

and Other
 
 
Consolidated
 
Higher Education
 
$
394,582
 
 
$
-
 
 
$
127,275
 
 
$
-
 
 
$
521,857
 
Test Preparation
 
 
-
 
 
 
36,988
 
 
 
10,297
 
 
 
(1,201
)
 
 
46,084
 
Certifications
 
 
-
 
 
 
15,828
 
 
 
-
 
 
 
-
 
 
 
15,828
 
Conferences/Seminars
 
 
-
 
 
 
10,963
 
 
 
-
 
 
 
-
 
 
 
10,963
 
Memberships/Subscriptions
 
 
-
 
 
 
6,272
 
 
 
-
 
 
 
-
 
 
 
6,272
 
Other
 
 
-
 
 
 
350
 
 
 
-
 
 
 
-
 
 
 
350
 
 
 
$
394,582
 
 
$
70,401
 
 
$
137,572
 
 
$
(1,201
)
 
$
601,354
 
Reconciliation of Non-Controlling Interest Balance
The following is a reconciliation of the noncontrolling interest balance (in thousands):
 
 
 
Three Months Ended
December 31,
 
 
Six Months Ended
December 31,
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
Balance at Beginning of Period
 
$
8,814
 
 
$
6,566
 
 
$
9,110
 
 
$
6,285
 
Net Income Attributable to Noncontrolling Interest
 
 
211
 
 
 
374
 
 
 
156
 
 
 
505
 
Increase in Redemption Value of Noncontrolling Interest Put Options
 
 
(374
)
 
 
465
 
 
 
(615
)
 
 
615
 
Balance at End of Period
 
$
8,651
 
 
$
7,405
 
 
$
8,651
 
 
$
7,405
 
Reconciliation of Basic Shares to Diluted Shares
The following is a reconciliation of basic shares to diluted shares (in thousands):
 
 
 
Three Months Ended
December 31,
 
 
Six Months Ended
December 31,
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
Weighted Average Shares Outstanding
 
 
58,640
 
 
 
60,529
 
 
 
59,181
 
 
 
61,271
 
Unvested Participating RSUs
 
 
545
 
 
 
705
 
 
 
575
 
 
 
738
 
Basic Shares
 
 
59,185
 
 
 
61,234
 
 
 
59,756
 
 
 
62,009
 
Effect of Dilutive Stock Options
 
 
815
 
 
 
789
 
 
 
842
 
 
 
696
 
Diluted Shares
 
 
60,000
 
 
 
62,023
 
 
 
60,598
 
 
 
62,705