Discontinued Operations and Assets Held for Sale (Tables)

9 Months Ended

Mar. 31, 2022

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, which includes ACAMS, Becker, OCL, and EduPristine (in thousands):

	March 31,		June 30,		March 31,
	2022		2021		2021
Assets:
Current assets:
Cash and cash equivalents	$	1,273	$	18,236	$	36,141
Accounts receivable, net		140		24,955		19,451
Prepaid expenses and other current assets		19		5,124		4,535
Total current assets held for sale		1,432		48,315		60,127
Noncurrent assets:
Property and equipment, net		—		13,545		12,158
Operating lease assets		—		1,578		1,778
Intangible assets, net		—		138,749		142,497
Goodwill		—		376,164		376,325
Other assets, net		93		1,561		101
Total noncurrent assets held for sale		93		531,597		532,859
Total assets held for sale	$	1,525	$	579,912	$	592,986
Liabilities:
Current liabilities:
Accounts payable	$	884	$	13,650	$	11,512
Accrued payroll and benefits		—		10,121		9,572
Accrued liabilities		—		2,914		3,158
Deferred revenue		533		31,890		29,362
Current operating lease liabilities		—		1,338		1,313
Total current liabilities held for sale		1,417		59,913		54,917
Noncurrent liabilities:
Long-term operating lease liabilities		—		789		1,135
Deferred income taxes		—		31,821		31,594
Other liabilities		41		907		898
Total noncurrent liabilities held for sale		41		33,517		33,627
Total liabilities held for sale	$	1,458	$	93,430	$	88,544

The following is a summary of income statement information of operations reported as discontinued operations, which includes ACAMS, Becker, OCL, and EduPristine operations through the date of each respective sale, and activity related to the DeVry University divestiture, which includes litigation and settlement costs we continue to incur and the earn-out we received (in thousands):

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2022		2021		2022		2021
Revenue	$	41,105	$	50,441	$	153,444	$	148,571
Operating cost and expense:
Cost of educational services		6,872		8,099		26,846		22,100
Student services and administrative expense		29,611		40,926		122,918		123,005
Restructuring expense		551		—		1,500		1,307
Total operating cost and expense		37,034		49,025		151,264		146,412
Income from discontinued operations before income taxes		4,071		1,416		2,180		2,159
Gain on disposal of discontinued operations before income taxes		474,003		—		474,003		—
Provision for income taxes		(134,089)		(1,104)		(134,201)		(2,386)
Income (loss) from discontinued operations		343,985		312		341,982		(227)
Net loss attributable to redeemable noncontrolling interest from discontinued operations		—		102		—		359
Net income from discontinued operations attributable to Adtalem	$	343,985	$	414	$	341,982	$	132