Restructuring Expense

9 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring Expense

5. Restructuring Expense

During the nine months ended March 31, 2025, Adtalem recorded restructuring expense primarily driven by workforce reductions, costs to exit certain course offerings, and prior real estate consolidations at Adtalem’s home office. We continue to incur restructuring charges or reversals related to exited leased space from previous restructuring actions. During the nine months ended March 31, 2024, Adtalem recorded restructuring expense primarily driven by prior real estate consolidations at Adtalem’s home office. When estimating costs of exiting lease space, estimates are made which

could differ materially from actual results and may result in additional restructuring charges or reversals in future periods. Termination benefit charges represent severance pay and benefits for employees impacted by workforce reductions. Restructuring expense by segment were as follows (in thousands):

	Three Months Ended March 31, 2025						Nine Months Ended March 31, 2025
	Real Estate and Other		Termination Benefits		Total		Real Estate and Other		Termination Benefits		Total
Chamberlain	$	—	$	(23)	$	(23)	$	974	$	938	$	1,912
Medical and Veterinary		52		69		121		167		69		236
Home Office		172		240		412		538		240		778
Total	$	224	$	286	$	510	$	1,679	$	1,247	$	2,926

	Three Months Ended March 31, 2024						Nine Months Ended March 31, 2024
	Real Estate and Other		Termination Benefits		Total		Real Estate and Other		Termination Benefits		Total
Walden	$	—	$	—	$	—	$	(776)	$	—	$	(776)
Medical and Veterinary		194		—		194		339		40		379
Home Office		279		—		279		1,614		—		1,614
Total	$	473	$	—	$	473	$	1,177	$	40	$	1,217

The following table summarizes the separation and restructuring plan activity for fiscal years 2024 and 2025, for which cash payments are required (in thousands):

Liability balance as of June 30, 2023	$	741
Increase in liability (separation and other charges)		40
Reduction in liability (payments and adjustments)		(781)
Liability balance as of June 30, 2024		—
Increase in liability (separation and other charges)		1,247
Reduction in liability (payments and adjustments)		(1,059)
Liability balance as of March 31, 2025	$	188

These liability balances are recorded as accrued liabilities on the Consolidated Balance Sheets.