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Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2017
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, 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


Laureate’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2016 were as follows:
 
Total
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
Derivative instruments
$
4,464

 
$
—

 
$
—

 
$
4,464

Liabilities
 
 
 
 
 
 
 
Derivative instruments
$
12,968

 
$
—

 
$
—

 
$
12,968
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, 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 convertible redeemable Preferred Stock
4,382

    Settlements
622

Currency translation adjustment
(693
)
Balance December 31, 2017
$
34,338

Unrealized gain, net relating to derivatives held at December 31, 2017
$
29,278


The changes in our Level 3 Derivative instruments measured at fair value on a recurring basis for the year ended December 31, 2016 were as follows:
 
Total Assets (Liabilities)
Balance December 31, 2015
$
(19,776
)
Gain (loss) included in earnings:
 
Unrealized gains, net
946

Realized losses, net
(7,030
)
Included in other comprehensive income
8,032

Included in issuance of Series A convertible redeemable Preferred Stock
2,729

    Settlements
7,030

Currency translation adjustment
(435
)
Balance December 31, 2016
$
(8,504
)
Unrealized gain, net relating to derivatives held at December 31, 2016
$
946
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, 2017:
 
Fair Value at December 31, 2017
 
Valuation Technique
 
Unobservable Input
 
Range/Input Value
Contingent redemption features - Series A Preferred Stock
$
42,140

 
Monte Carlo Simulation Method
 
Credit Risk
 
5.07
%
Derivative instruments - cross currency and interest rate swaps
$
(7,802
)
 
Discounted Cash Flow
 
Credit Risk
 
4.37
%
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, 2017:
 
Fair Value at December 31, 2017
 
Valuation Technique
 
Unobservable Input
 
Range/Input Value
Contingent redemption features - Series A Preferred Stock
$
42,140

 
Monte Carlo Simulation Method
 
Credit Risk
 
5.07
%
Derivative instruments - cross currency and interest rate swaps
$
(7,802
)
 
Discounted Cash Flow
 
Credit Risk
 
4.37
%