XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]        
Revenue $ 365,623 $ 230,213 $ 1,025,891 $ 683,435
Operating cost and expense:        
Cost of educational services 166,027 114,977 498,497 341,497
Student services and administrative expense 149,890 74,412 432,923 217,502
Restructuring expense 10,518 1,217 16,999 5,299
Business acquisition and integration expense 5,924 3,646 41,537 28,161
Total operating cost and expense 332,359 194,252 989,956 592,459
Operating income 33,264 35,961 35,935 90,976
Other income (expense):        
Interest and dividend income 1,045 910 2,784 3,133
Interest expense (36,585) (8,555) (109,907) (15,983)
Investment gain   479 0 2,002
Net other expense (35,540) (7,166) (107,123) (10,848)
(Loss) income from continuing operations before income taxes (2,276) 28,795 (71,188) 80,128
Benefit from (provision for) income taxes 8,133 (4,557) 38,897 (12,363)
(Loss) income from continuing operations 5,857 24,238 (32,291) 67,765
Discontinued operations:        
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 0 474,003 0
Provision for income taxes (134,089) (1,104) (134,201) (2,386)
Income (loss) from discontinued operations 343,985 312 341,982 (227)
Net income 349,842 24,550 309,691 67,538
Net loss attributable to redeemable noncontrolling interest from discontinued operations 0 102 0 359
Net income attributable to Adtalem 349,842 24,652 309,691 67,897
Amounts attributable to Adtalem:        
Net income (loss) from continuing operations 5,857 24,238 (32,291) 67,765
Net income from discontinued operations 343,985 414 341,982 132
Net income attributable to Adtalem $ 349,842 $ 24,652 $ 309,691 $ 67,897
Basic:        
Continuing operations $ 0.12 $ 0.48 $ (0.65) $ 1.31
Discontinued operations 7.03 0.01 6.91 0.00
Total basic earnings per share 7.15 0.49 6.26 1.31
Diluted:        
Continuing operations 0.12 0.47 (0.65) 1.30
Discontinued operations 6.97 0.01 6.91 0.00
Total diluted earnings per share $ 7.09 $ 0.48 $ 6.26 $ 1.30
Weighted-average shares outstanding:        
Basic shares 48,925 50,658 49,459 51,799
Diluted shares 49,377 51,111 49,459 52,101