Adtalem Global Education Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
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Other Income, Net
- Other Income, Net
Other income, net consisted of the following (in thousands):
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · Nine Months Ended | ||||||||||||
| · · March 31, · · March 31, | ||||||||||||
| · · 2024 · · 2023 · · 2024 · · 2023 | ||||||||||||
| Interest and dividend income | | $2,165 | | $3,152 | | $7,367 | | $7,423 | ||||
| Investment gain (loss) | | | 706 | | | 828 | | | 1,281 | | | (4,122) |
| Other income, net | | $2,871 | | $3,980 | | $8,648 | | $3,301 | ||||
Investment gain (loss) includes trading gains and losses related to the rabbi trust used to fund nonqualified deferred compensation plan obligations. In addition, investment gain (loss) includes an impairment of $5.0 million in the nine months ended March 31, 2023 on an equity investment with no readily determinable fair value (see Note 16 “Fair Value Measurements” for additional information).
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