XML 50 R35.htm IDEA: XBRL DOCUMENT v3.19.2
BUSINESS COMBINATIONS (Tables)
12 Months Ended
Jun. 30, 2019
OnCourse Learning [Member]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of acquisition (in thousands):

 

 

 

 

 

    

May 31,

 

 

2019

Current Assets

 

$

5,260

Property and Equipment

 

 

1,197

Intangible Assets

 

 

63,100

Goodwill

 

 

59,519

Total Assets Acquired

 

 

129,076

Liabilities Assumed

 

 

9,445

Net Assets Acquired

 

$

119,631

 

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The values and estimated useful lives by asset type are as follows (in thousands):

 

 

 

 

 

 

 

    

May 31, 2019

 

 

Value

 

Estimated

 

    

Assigned

    

Useful Life

Customer Relationships

 

$

26,400

 

11 years

Curriculum

 

 

11,600

 

6 years

Course Delivery Technology

 

 

6,700

 

5 years

 

Edupristine [Member]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition of Adtalem’s majority interest in EduPristine (in thousands):

 

 

 

 

 

 

    

February 5, 

 

 

2018

Current Assets

 

$

866

Property and Equipment

 

 

239

Other Long-term Assets

 

 

69

Intangible Assets

 

 

1,380

Goodwill

 

 

11,527

Total Assets Acquired

 

 

14,081

Liabilities Assumed

 

 

2,715

Net Assets Acquired

 

$

11,366

 

Sao Judas Tadeu [Member]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition (in thousands):

 

 

 

 

 

 

    

November 1, 

 

 

2017

Current Assets

 

$

558

Property and Equipment

 

 

64

Other Long-term Assets

 

 

 9

Intangible Assets

 

 

381

Goodwill

 

 

5,636

Total Assets Acquired

 

 

6,648

Liabilities Assumed

 

 

684

Net Assets Acquired

 

$

5,964

 

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The remaining acquired intangible asset was determined to be subject to amortization with a useful life of approximately six months. The value and estimated useful life by asset type is as follows (in thousands):

 

 

 

 

 

 

 

 

    

November 1, 2017

 

 

Value 

 

Estimated 

 

    

Assigned

    

Useful Life

Student Relationships

 

$

162

 

6 months

 

Association Of Certified Anti-Money Laundering Specialists [Member]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition (in thousands):

 

 

 

 

 

 

    

July 1, 2017

Current Assets

 

$

24,895

Property and Equipment

 

 

432

Other Long-term Assets

 

 

3,131

Intangible Assets

 

 

88,600

Goodwill

 

 

274,689

Total Assets Acquired

 

 

391,747

Liabilities Assumed

 

 

37,619

Net Assets Acquired

 

$

354,128

 

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The values and estimated useful lives by asset type are as follows (in thousands):

 

 

 

 

 

 

 

 

    

July 1, 2017

 

 

Value 

 

Estimated 

 

    

Assigned

    

Useful Life

Customer Relationships

 

$

42,500

 

10 years

Curriculum

 

 

5,000

 

3 years

Non-compete Agreements

 

 

700

 

1 year

Course Delivery Technology

 

 

500

 

4 years