Discontinued Operations and Assets Held for Sale (Tables)

3 Months Ended

Sep. 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 September 30, 2021, which includes ACAMS, Becker, OCL, and EduPristine (in thousands):

	September 30,
	2021
Assets:
Current assets:
Cash and cash equivalents	$	36,101
Accounts receivable, net		22,821
Prepaid expenses and other current assets		3,803
Total current assets held for sale		62,725
Noncurrent assets:
Property and equipment, net		13,546
Operating lease assets		1,377
Intangible assets, net		136,263
Goodwill		376,164
Other assets, net		3,277
Total noncurrent assets held for sale		530,627
Total assets held for sale	$	593,352
Liabilities:
Current liabilities:
Accounts payable	$	13,886
Accrued payroll and benefits		7,584
Accrued liabilities		2,605
Deferred revenue		29,664
Current operating lease liabilities		1,299
Total current liabilities held for sale		55,038
Noncurrent liabilities:
Long-term operating lease liabilities		503
Deferred income taxes		31,155
Other liabilities		912
Total noncurrent liabilities held for sale		32,570
Total liabilities held for sale	$	87,608

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, a loss from post-closing working capital adjustments, and activity related to the DeVry University divestiture, which includes litigation and settlement costs we continue to incur (in thousands):

	Three Months Ended
	September 30,
	2022		2021
Revenue	$	—	$	59,257
Operating cost and expense:
Cost of educational services		—		11,060
Student services and administrative expense		3,438		54,247
Total operating cost and expense		3,438		65,307
Loss from discontinued operations before income taxes		(3,438)		(6,050)
Loss on disposal of discontinued operations before income taxes		(3,359)		—
Benefit from income taxes		3,143		25,228
(Loss) income from discontinued operations	$	(3,654)	$	19,178