XML 72 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)

The following quarterly financial information reflects all normal recurring adjustments that are, in the opinion of management, necessary for a fair statement of the results of the interim periods. Earnings per share are computed independently for each of the quarters presented. Per share amounts may not sum due to rounding. Summarized quarterly operating data were as follows:
 
2017 Quarters Ended
Per share amounts in whole dollars
December 31
 
September 30
 
June 30
 
March 31
Revenues
$
1,261,223

 
$
983,394

 
$
1,277,439

 
$
855,933

Operating costs and expenses
1,079,724

 
989,090

 
1,033,589

 
918,799

Operating income (loss)
181,499

 
(5,696
)
 
243,850

 
(62,866
)
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
200,509

 
(103,490
)
 
117,098

 
(120,353
)
Net (income) loss attributable to noncontrolling interests
(4,664
)
 
5,531

 
(712
)
 
(2,454
)
Net income (loss) attributable to Laureate Education, Inc.
195,845

 
(97,959
)
 
116,386

 
(122,807
)
Accretion of Series A convertible redeemable preferred stock and other redeemable noncontrolling interests and equity
(106,349
)
 
(84,060
)
 
(69,212
)
 
(38,876
)
Net income (loss) available to common stockholders
89,496

 
(182,019
)
 
47,174

 
(161,683
)
 
 
 
 
 
 
 
 
Earnings (loss) per share:
 
 
 
 
 
 
 
Basic net income (loss) per share attributable to common stockholders
$
0.48

 
$
(1.02
)
 
$
0.28

 
$
(1.05
)
Diluted net income (loss) per share attributable to common stockholders
$
0.48

 
$
(1.02
)
 
$
0.28

 
$
(1.05
)

 
2016 Quarters Ended
Per share amounts in whole dollars
December 31
 
September 30
 
June 30
 
March 31
Revenues
$
1,175,893

 
$
929,855

 
$
1,231,910

 
$
906,534

Operating costs and expenses
1,004,913

 
917,353

 
1,021,342

 
917,691

Operating income (loss)
170,980

 
12,502

 
210,568

 
(11,157
)
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
38,464

 
80,930

 
349,238

 
(102,446
)
Net loss (income) attributable to noncontrolling interests
2,844

 
5,387

 
(1,849
)
 
(721
)
Net income (loss) attributable to Laureate Education, Inc.
41,308

 
86,317

 
347,389

 
(103,167
)
 
 
 
 
 
 
 
 
Earnings (loss) per share:
 
 
 
 
 
 
 
Basic net income (loss) per share attributable to common stockholders
$
0.27

 
$
0.66

 
$
2.60

 
$
(0.76
)
Diluted net income (loss) per share attributable to common stockholders
$
0.27

 
$
0.66

 
$
2.59

 
$
(0.76
)