Discontinued Operations and Assets Held for Sale (Tables)

12 Months Ended

Jun. 30, 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 as of June 30, 2021, which includes ACAMS, Becker, OCL, and EduPristine (in thousands):

	June 30,
	2021
Assets:
Current assets:
Cash and cash equivalents	$	18,236
Accounts receivable, net		24,955
Prepaid expenses and other current assets		5,124
Total current assets held for sale		48,315
Noncurrent assets:
Property and equipment, net		13,545
Operating lease assets		1,578
Intangible assets, net		138,749
Goodwill		376,164
Other assets, net		1,561
Total noncurrent assets held for sale		531,597
Total assets held for sale	$	579,912
Liabilities:
Current liabilities:
Accounts payable	$	13,650
Accrued payroll and benefits		10,121
Accrued liabilities		2,914
Deferred revenue		31,890
Current operating lease liabilities		1,338
Total current liabilities held for sale		59,913
Noncurrent liabilities:
Long-term operating lease liabilities		789
Deferred income taxes		31,821
Other liabilities		907
Total noncurrent liabilities held for sale		33,517
Total liabilities held for sale	$	93,430

The following is a summary of income statement information of operations reported as discontinued operations, which includes Adtalem Brazil, 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):

	Year Ended June 30,
	2022		2021		2020
Revenue	$	153,762	$	205,479	$	343,269
Operating cost and expense:
Cost of educational services		26,996		31,328		138,008
Student services and administrative expense		125,661		161,730		228,996
Restructuring expense		1,500		2,936		5,591
Total operating cost and expense		154,157		195,994		372,595
Operating (loss) income		(395)		9,485		(29,326)
Other income (expense):
Interest and dividend income		—		—		1,862
Interest expense		—		—		(2,922)
Net other expense		—		—		(1,060)
(Loss) income from discontinued operations before income taxes		(395)		9,485		(30,386)
Gain (loss) on disposal of discontinued operations before income taxes		473,483		—		(287,560)
(Provision for) benefit from income taxes		(125,556)		(3,340)		12,243
Income (loss) from discontinued operations		347,532		6,145		(305,703)
Net loss attributable to redeemable noncontrolling interest from discontinued operations		—		434		444
Net income (loss) from discontinued operations attributable to Adtalem	$	347,532	$	6,579	$	(305,259)