DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Jun. 30, 2019

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).

	June 30,
	2019		2018
ASSETS:
Current Assets:
Cash and Cash Equivalents	$	—	$	1
Restricted Cash		—		13,404
Accounts Receivable, Net		—		25,294
Prepaid Expenses and Other Current Assets		—		8,433
Total Current Assets Held for Sale		—		47,132
Noncurrent Assets:
Perkins Program Fund, Net		—		13,450
Total Noncurrent Assets Held for Sale		—		13,450
Total Assets Held for Sale	$	—	$	60,582
LIABILITIES:
Current Liabilities:
Accounts Payable	$	—	$	24,312
Accrued Salaries, Wages and Benefits		—		13,979
Accrued Liabilities		—		1,514
Deferred Revenue		—		16,634
Total Current Liabilities Held for Sale		—		56,439
Noncurrent Liabilities:
Deferred Income Taxes		—		216
Total Noncurrent Liabilities Held for Sale		—		216
Total Liabilities Held for Sale	$	—	$	56,655

The following is a summary of income statement information of operations reported as discontinued operations (in thousands).

	Year Ended June 30,
	2019		2018		2017
REVENUE	$	195,716	$	484,268	$	601,891
OPERATING COST AND EXPENSE:
Cost of Educational Services		109,416		271,357		323,949
Student Services and Administrative Expense		101,447		222,323		249,109
Restructuring (Gain) Expense		(2,470)		18,507		16,852
Asset Impairment Charge - Intangible and Goodwill		—		44,041		—
Asset Impairment Charge - Building and Equipment		1,953		51,972		—
Loss on Sale of Assets		—		230		—
Regulatory Settlements		—		—		4,102
Loss on Assets Held for Sale		—		—		4,764
Total Operating Cost and Expense		210,346		608,430		598,776
Operating (Loss) Income from Discontinued Operations		(14,630)		(124,162)		3,115
Interest Income		—		—		20
(Loss) Income from Discontinued Operations Before Income Taxes		(14,630)		(124,162)		3,135
Loss on Disposal of Discontinued Operations Before Income Taxes		(33,604)		—		—
Income Tax Benefit (Provision)		7,791		44,016		(826)
(Loss) Income from Discontinued Operations	$	(40,443)	$	(80,146)	$	2,309