INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2012

Intangible Assets

Intangible assets consist of the following (dollars in thousands):

	June 30, 2012
	Gross Carrying Amount		Accumulated Amortization			Weighted Avg. Amortization Period
Amortizable Intangible Assets:
Student Relationships	$	80,318	$	(68,116	)	(1)
Customer Relationships		3,441		(356	)	12 years
License and Non-compete Agreements		3,710		(2,771	)	(2)
Class Materials		500		(500	)	14 years
Curriculum/Software		5,570		(3,585	)	5 years
Outplacement Relationships		3,900		(984	)	15 years
Trade Names		6,043		(4,418	)	(3)
Other		639		(639	)	6 years
Total	$	104,121	$	(81,369	)
Indefinite-lived Intangible Assets:
Trade Names	$	38,125
Trademark		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		71,100
AUC Title IV Eligibility and Accreditations		100,000
DeVry Brasil and FBV Accreditations		22,358
Total	$	262,468

⁽¹⁾  The total weighted average estimated amortization period for Student Relationships is 5 years for DeVry Brasil, 6 years for FBV and 4 years for AUC. All other student relationships are fully amortized as of June 30, 2012.

⁽²⁾  The total weighted average estimated amortization period for License and Non-compete Agreements is 1.5 years for ATC and 5 years for Falcon. All other license and non-compete agreements are fully amortized as of June 30, 2012.

⁽³⁾  The total weighted average estimated amortization period for Trade Names is 2 years for ATC, 8.5 years for DeVry Brasil (Fanor, Ruy Barbosa and AREA1) and 1.5 years for Falcon. All other trade names are fully amortized at June 30, 2012.

	As of June 30, 2011
	Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets:
Student Relationships	$	65,585	$	(62,169	)
Customer Relationships		3,121		(43	)
Customer Contracts		7,000		(5,142	)
License and Non-compete Agreements		2,875		(2,719	)
Class Materials		2,900		(2,060	)
Curriculum/Software		4,703		(2,479	)
Outplacement Relationships		3,900		(724	)
Trade Names		8,718		(6,139	)
Other		639		(639	)
Total	$	99,441	$	(82,114	)
Indefinite-lived Intangible Assets:
Trade Names	$	20,372
Trademark		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		112,300
DeVry Brasil Accreditations		14,578
Total	$	178,135

Estimated Amortization Expense for Amortized Intangible Assets

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

Fiscal Year	AUC		Becker		DeVry Brasil		Carrington		Total
2013	$	4,973	$	1,041	$	2,312	$	420	$	8,746
2014		3,347		916		1,303		295		5,861
2015		387		907		625		260		2,179
2016		—		874		423		260		1,557
2017		—		616		230		260		1,106

Summary of Goodwill Balances by Reporting Unit

The table below summarizes the goodwill balances by reporting unit as of June 30, 2012 (dollars in thousands):

Reporting Unit	As of June 30, 2012
DeVry University	$	22,196
Becker Professional Review		32,760
Ross University		237,173
Chamberlain College of Nursing		4,716
Carrington Colleges Group		151,878
American University of the Caribbean		68,321
DeVry Brasil		32,917
Total	$	549,961

Summary of Goodwill Balances by Reporting Segment

The table below summarizes goodwill balances by reporting segment as of June 30, 2012 (dollars in thousands):

	As of June 30, 2012
Reporting Segment:
Business, Technology and Management	$	22,196
Medical and Healthcare		462,088
International, K-12 and Professional Education		65,677
Total	$	549,961

Changes in Carrying Amount of Goodwill, by Segment

The table below summarizes the changes in the carrying amount of goodwill, by segment, as of June 30, 2012 and 2011 (dollars in thousands):

	Business, Technology and Management		Medical and Healthcare			International, K-12 and Professional Education			Total
Balance as of June 30, 2010	$	22,196	$	427,606		$	65,062		$	514,864
Acquisitions		—		—			5,010			5,010
Foreign currency exchange rate changes and other		—		—			3,746			3,746
Balance at June 30, 2011		22,196		427,606			73,818			523,620
Acquisitions		—		68,321			17,791			86,112
Dispositions		—		—			(413	)		(413	)
Impairments		—		(33,839	)		(17,075	)		(50,914	)
Foreign currency exchange rate changes and other		—		—			(8,444	)		(8,444	)
Balance at June 30, 2012	$	22,196	$	462,088		$	65,677		$	549,961

Summary of Indefinite-Lived Intangible Assets Balances by Reporting Unit

The table below summarizes the indefinite-lived intangible assets balances by reporting unit as of June 30, 2012 (dollars in thousands):

Reporting Unit:
DeVry University	$	1,645
Becker Professional Review		27,912
Ross University		19,200
Chamberlain College of Nursing		1,200
Carrington Colleges Group		71,100
American University of the Caribbean		117,100
DeVry Brasil		24,311
Total	$	262,468

Faculdade Boa Viagem

Amortizable Intangible Assets Amortized at Annual Rate

This results in the basis being amortized at an annual rate for each of the years of estimated economic life as follows:

Fiscal Year
2012	11.94	%
2013	33.65	%
2014	25.89	%
2015	16.70	%
2016	9.02	%
2017	2.64	%
2018	0.16	%

American University Of Caribbean

Amortizable Intangible Assets Amortized at Annual Rate

This results in the basis being amortized at an annual rate for each of the years of estimated economic life as follows:

Fiscal Year
2012	38.0	%
2013	38.5	%
2014	21.6	%
2015	1.9	%

DeVry Brasil

Amortizable Intangible Assets Amortized at Annual Rate

This results in the basis being amortized at an annual rate for each of the years of estimated economic life as follows:

Fiscal Year
2009	8.3	%
2010	30.3	%
2011	24.7	%
2012	19.8	%
2013	13.6	%
2014	3.3	%