Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Summary of financial assets and liabilities measured at fair value on a recurring basis

Laureate’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2018 were as follows:

	Total		Level 1		Level 2		Level 3
Assets
Derivative instruments	$	3,259	$	—	$	—	$	3,259
Liabilities
Derivative instruments	$	10,677	$	—	$	—	$	10,677

Laureate’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2017 were as follows:

	Total		Level 1		Level 2		Level 3
Assets
Derivative instruments	$	48,186	$	—	$	—	$	48,186
Liabilities
Derivative instruments	$	13,848	$	—	$	—	$	13,848

Summary of the change in Level 3 derivatives instruments

The changes in our Level 3 Derivative instruments measured at fair value on a recurring basis for the year ended December 31, 2018 were as follows:

Balance December 31, 2017	$	34,338
(Loss) gain included in earnings:
Unrealized losses, net	(41,217		)
Realized gains, net	129,509
Included in other comprehensive income	13,709
Settlements	(3,306		)
Reclassification upon conversion of Series A Preferred Stock	(140,320		)
Currency translation adjustment and other	(131		)
Balance December 31, 2018	$	(7,418	)

The changes in our Level 3 Derivative instruments measured at fair value on a recurring basis for the year ended December 31, 2017 were as follows:

Balance December 31, 2016	$	(8,504	)
Gain (loss) included in earnings:
Unrealized gains, net	29,278
Realized losses, net	(622		)
Included in other comprehensive income	9,875
Included in issuance of Series A Preferred Stock	4,382
Settlements	622
Currency translation adjustment	(693		)
Balance December 31, 2017	$	34,338

Fair value inputs, assets, quantitative information

The following table presents quantitative information regarding the significant unobservable inputs utilized in the fair value measurements of the Company's assets/(liabilities) classified as Level 3 as of December 31, 2018:

	Fair Value at December 31, 2018			Valuation Technique	Unobservable Input	Range/Input Value
Derivative instruments - cross currency and interest rate swaps	$	(7,418	)	Discounted Cash Flow	Credit Risk	4.05	%

The following table presents quantitative information regarding the significant unobservable inputs utilized in the fair value measurements of the Company's assets/(liabilities) classified as Level 3 as of December 31, 2018:

	Fair Value at December 31, 2018			Valuation Technique	Unobservable Input	Range/Input Value
Derivative instruments - cross currency and interest rate swaps	$	(7,418	)	Discounted Cash Flow	Credit Risk	4.05	%