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Due to Shareholders of Acquired Companies (Tables)
12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Summary of amounts due to shareholders of acquired companies
The amounts due to shareholders of acquired companies, currencies, and interest rates applied were as follows:
 
December 31, 2017
December 31, 2016
Nominal Currency
Interest
Rate %
Universidade Anhembi Morumbi (UAM Brazil)
$
45,206

$
52,043

BRL
CDI + 2%
University of St. Augustine for Health Sciences, LLC
(St. Augustine)
11,550

11,550

USD
7%
Monash South Africa (MSA)
9,571

8,318

AUD
n/a
Faculdade Porto-Alegrense (FAPA)
3,084

2,973

 BRL
IGP-M
IADE Group
2,374

2,755

 EUR
3%
Faculdades Metropolitanas Unidas Educacionais (FMU)

100,382

BRL
CDI
Total due to shareholders of acquired companies
71,785

178,021

 
 
Less: Current portion of due to shareholders of acquired companies
34,745

111,681

 
 
Due to shareholders of acquired companies, less current portion
$
37,040

$
66,340

 
 
AUD: Australian Dollar
 
CDI: Certificados de Depósitos Interbancários (Brazil)
BRL: Brazilian Real
 
IGP-M: General Index of Market Prices (Brazil)
EUR: European Euro
 
 
USD: United States Dollar
 
 
The aggregate maturities of Due to shareholders of acquired companies as of December 31, 2017, were as follows:
2018
$
35,257

2019
14,081

2020
12,939

2021
11,752

2022

Aggregate maturities
74,029

Less: imputed interest discount
(2,244
)
Total
$
71,785