Discontinued Operations and Assets Held for Sale (Tables)

6 Months Ended

Dec. 31, 2020

Discontinued Operations And Disposal Groups [Abstract]

Balance Sheet and Income Statement Information of Discontinued Operations

The following is a summary of balance sheet information of assets and liabilities reported as held for sale as of December 31, 2019, which includes only Adtalem Brazil balances as Carrington and DeVry University were sold prior to that date (in thousands):

	December 31,
	2019
Assets:
Current assets:
Cash and cash equivalents	$	104,040
Accounts receivable, net		60,494
Prepaid expenses and other current assets		6,750
Total current assets held for sale		171,284
Noncurrent assets:
Property and equipment, net		74,939
Operating lease assets		72,665
Deferred income taxes		5,346
Intangible assets, net		114,296
Goodwill		179,199
Other assets, net		12,108
Total noncurrent assets held for sale		458,553
Total assets held for sale	$	629,837
Liabilities:
Current liabilities:
Accounts payable	$	2,936
Accrued payroll and benefits		13,273
Accrued liabilities		6,484
Deferred revenue		3,096
Current operating lease liabilities		10,905
Total current liabilities held for sale		36,694
Noncurrent liabilities:
Long-term operating lease liabilities		62,345
Deferred income taxes		3,929
Other liabilities		16,186
Total noncurrent liabilities held for sale		82,460
Total liabilities held for sale	$	119,154

The following is a summary of income statement information of operations reported as discontinued operations, which includes Adtalem Brazil’s, Carrington’s, and DeVry University’s operations through the date of each respective sale (in thousands):

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2020		2019		2020		2019
Revenue	$	—	$	55,153	$	—	$	100,805
Operating cost and expense:
Cost of educational services		—		35,717		—		69,665
Student services and administrative expense		11,187		15,706		21,271		30,079
Restructuring expense		—		391		—		426
Total operating cost and expense		11,187		51,814		21,271		100,170
Operating (loss) income		(11,187)		3,339		(21,271)		635
Other income (expense):
Interest and dividend income		—		761		—		1,739
Interest expense		—		(806)		—		(1,963)
Net other expense		—		(45)		—		(224)
(Loss) income from discontinued operations before income taxes		(11,187)		3,294		(21,271)		411
Benefit from income taxes		2,748		823		5,225		550
Net (loss) income from discontinued operations attributable to Adtalem	$	(8,439)	$	4,117	$	(16,046)	$	961