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Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

As discussed in Note 1, Description of Business, on January 31, 2017 our common stock was reclassified into shares of Class B common stock and, on February 6, 2017, we completed our IPO of Class A common stock. Other than voting rights, the Class B common stock has the same rights as the Class A common stock and therefore both are treated as the same class of stock for purposes of the earnings per share calculation. Laureate computes basic earnings per share (EPS) by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period. Diluted EPS reflects the potential dilution that would occur if share-based compensation awards or contingently issuable shares were exercised or converted into common stock. To calculate the diluted EPS, the basic weighted average number of shares is increased by the dilutive effect of stock options, restricted stock, and other share-based compensation arrangements determined using the treasury stock method.
The following tables summarize the computations of basic and diluted earnings per share:
For the years ended December 31,
2017
 
2016
 
2015
Numerator used in basic and diluted (loss) earnings per common share:
 
 
 
 
 
Income (loss) from continuing operations attributable to Laureate Education, Inc.
$
91,465

 
$
371,847

 
$
(316,248
)
 
 
 
 
 
 
Accretion of redemption value of redeemable noncontrolling interests and equity
317

 
263

 
(13,041
)
Adjusted for: accretion related to noncontrolling interests and equity redeemable at fair value
(6,358
)
 
33

 
6,879

Accretion of redemption value of Series A Preferred Stock
(292,450
)
 
(1,719
)
 
—

Distributed and undistributed earnings to participating securities
(6
)
 
(114
)
 
(11
)
Accretion of Series A convertible redeemable preferred stock and other redeemable noncontrolling interests and equity
(298,497
)
 
(1,537
)
 
(6,173
)
Net (loss) income available to common stockholders
$
(207,032
)
 
$
370,310

 
$
(322,421
)
 
 
 
 
 
 
Denominator used in basic and diluted (loss) earnings per common share:
 
 
 
 
 
Basic weighted average shares outstanding
172,409

 
133,295

 
132,950

Effect of dilutive stock options
—

 
833

 
—

Effect of dilutive restricted stock units
—

 
278

 
—

Dilutive weighted average shares outstanding
172,409

 
134,406

 
132,950

 
 
 
 
 
 
Basic and diluted (loss) earnings per share:
 
 
 
 
 
Basic (loss) earnings per share
$
(1.20
)
 
$
2.78

 
$
(2.44
)
Diluted (loss) earnings per share
$
(1.20
)
 
$
2.76

 
$
(2.44
)


The shares of Class A common stock that would be issued upon completion of the conversion of the Series A Preferred Stock are not included in the calculation of diluted EPS as the effect would have been antidilutive. The following table summarizes the number of stock options and shares of restricted stock that were excluded from the diluted EPS calculations because the effect would have been antidilutive:
For the years ended December 31,
2017
 
2016
 
2015
Stock options
12,497

 
5,773

 
10,743

Restricted stock
986

 
181

 
430