Restructuring Expense

12 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Restructuring Expense

5. Restructuring Expense

During fiscal year 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 fiscal year 2024, Adtalem recorded restructuring expense primarily driven by prior real estate consolidations at Adtalem’s home office. During fiscal year 2023, Adtalem recorded restructuring expense primarily driven by real estate consolidations at Walden, Medical and Veterinary, and Adtalem’s home office resulting in impairments on operating lease assets and property and equipment. 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):

	Year Ended June 30, 2025
	Real Estate and Other		Termination Benefits		Total
Chamberlain	$	974	$	938	$	1,912
Medical and Veterinary		215		239		454
Home Office		708		240		948
Total	$	1,897	$	1,417	$	3,314

	Year Ended June 30, 2024
	Real Estate and Other		Termination Benefits		Total
Walden	$	(776)	$	—	$	(776)
Medical and Veterinary		402		40		442
Home Office		2,204		—		2,204
Total	$	1,830	$	40	$	1,870

	Year Ended June 30, 2023
	Real Estate and Other		Termination Benefits		Total
Chamberlain	$	818	$	—	$	818
Walden		3,191		54		3,245
Medical and Veterinary		7,071		616		7,687
Home Office		6,117		950		7,067
Total	$	17,197	$	1,620	$	18,817

The following table summarizes the 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 (termination and other charges)		40
Reduction in liability (payments and adjustments)		(781)
Liability balance as of June 30, 2024		—
Increase in liability (termination and other charges)		1,418
Reduction in liability (payments and adjustments)		(1,418)
Liability balance as of June 30, 2025	$	—

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