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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents Adtalem’s assets and liabilities at June 30, 2019, that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

    

Level 1

    

Level 2

    

Level 3

Cash and Cash Equivalents

 

$

299,445

 

$

 —

 

$

 —

Investments in Marketable Securities

 

 

8,680

 

 

 —

 

 

 —

Institutional Loans Receivable, Net

 

 

 —

 

 

41,648

 

 

 —

Loan Receivable from DeVry University

 

 

 —

 

 

10,000

 

 

 —

Deferred Acquisition Obligations

 

 

 —

 

 

16,444

 

 

 —

Total Financial Assets at Fair Value

 

$

308,125

 

$

68,092

 

$

 —

 

The following table presents Adtalem’s assets and liabilities at June 30, 2018 that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

    

Level 1

    

Level 2

    

Level 3

Cash and Cash Equivalents

 

$

430,690

 

$

 —

 

$

 —

Investments in Marketable Securities

 

 

4,255

 

 

 —

 

 

 —

Institutional Loans Receivable, Net

 

 

 —

 

 

44,320

 

 

 —

Deferred Acquisition Obligations

 

 

 —

 

 

18,585

 

 

 —

Total Financial Assets at Fair Value

 

$

434,945

 

$

62,905

 

$

 —