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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank
Wall
Street Reform and
Consumer
Protection Act, and Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between executive “compensation actually paid” and certain financial performance of the Company. “Compensation actually paid” is calculated pursuant to SEC rules but does not represent amounts that have been actually earned or realized by our NEOs. For further information concerning the Company’s
pay-for-performance
philosophy and how the Company aligns executive compensation with the Company’s performance, see “Executive Compensation — Compensation Discussion and Analysis.”
 
Year
(1)
 
 
Summary
Compensation
Table Total for
PEO($)(2)
 
 
 
 
 
 
Compensation
Actually Paid
to PEO($)(3)
 
 
 
 
 
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs($)(2)
 
 
 
 
 
 
 
 
Average
Compensation
Actually Paid
to
Non-PEO

NEOs($)(3)
 
 
 
 
 
 
 
 
Value of Initial Fixed $100
Investment Based On:(4)
 
 
 
 
 
Net Income
(millions)($)(6)
 
Adjusted
EBITDA
Margin
(%)(7)
 
Total
Shareholder
Return($)
 
 
Peer Group Total
Shareholder
Return($)(5)
 
 
 
 
 
 
 
 
 
2022
 
 
4,976,832
 
 
 
3,994,970
 
 
 
1,703,975
 
 
 
 1,582,065
 
 
 
111.41
 
 
 
57.27
 
 
    69.0
 
27.3
 
 
 
 
 
 
 
 
2021
 
 
7,318,937
 
 
 
6,650,959
 
 
 
1,793,888
 
 
 
1,444,527
 
 
 
123.61
 
 
 
54.06
 
 
  203.8
 
23.3
 
 
 
 
 
 
 
 
2020
 
 
5,316,862
 
 
 
4,246,567
 
 
 
1,621,301
 
 
 
1,290,355
 
 
 
82.68
 
 
 
72.18
 
 
(618.7)
 
20.1
 
(1)
The Principal Executive Officer (“PEO”) in all years presented was Eilif Serck-Hanssen. In 2022, the
non-PEO
NEOs were Richard Buskirk, Marcelo Barbalho Cardoso, Richard Sinkfield and Timothy Grace. In 2021, the
non-PEO
NEOs were Richard Buskirk, Marcelo Barbalho Cardoso, Timothy Grace, Richard Sinkfield and Jean-Jacques Charhon. In 2020, the
non-PEO
NEOs were Jean-Jacques Charhon, Timothy Grace, Richard Sinkfield and Paula Singer.
 
(2)
Amounts reported in these columns represent, for the applicable year, (i) the total compensation reported in the Summary Compensation Table for the PEO and (ii) the average of the total compensation reported in the Summary Compensation Table for the
non-PEO
NEOs.
 
(3)
The reconciliation below sets forth adjustments made to the total compensation reported in Summ
ary
Compensation Table for the PEO and the average total compensation reported in Summary Compensation Table for the
non-PEO
NEOs to arrive at “compensation actually paid,” as determined in accordance with SEC rules and computed in accordance with the fair value methodology reflected in our financial statements for share-based compensation. NEOs do not participate in a defined benefit plan so no adjustment for pension benefits is included in the table below. Additionally, the value of dividends or other earnings paid on equity awards are not included as such amounts are reflected in the fair value of awards and are only paid upon vesting.
 
Year
 
NEOs
 
Summary
Compensa-
tion Table
Total ($)
 
 
Fair Value
of Stock
Awards as
Reported
in SCT ($)
 
 
Year-End

Fair Value
of Awards
Granted in
Current
Year that
Remain
Outstanding
and
Unvested as
of Year End
($)
 
 
Change in
Fair Value
of Awards
Granted in
Prior Years
that Remain
Outstanding
and
Unvested as
of Year End
($)
 
 
Fair
Value
of
Awards
Granted
and
Vested
in the
Year ($)
 
 
Change
in Fair
Value of
Awards
Granted
in Prior
Years
that
Vested
in the
Year ($)
 
 
Fair Value
at Year
End of
Awards
Granted in
Prior
Years that
Failed to
Meet
Vesting
Conditions
in the Year
($)
 
 
Compensation
Actually
Paid ($)
 
2022
  
PEO
Non-PEO NEOs
    
 4,976,832
1,703,975
  
 
    
 (2,550,024
(399,548
 ) 
) 
    
 1,697,901
199,449
  
 
    
 (303,661
(33,127
 ) 
) 
    
 339,576
134,991
  
 
    
 (165,654
(23,675
 ) 
) 
    
 —
—
  
 
    
 3,994,970
1,582,065
  
 
2021
  
PEO
Non-PEO
NEOs
    
 7,318,937
1,793,888
  
 
    
 (2,550,017
(322,321
 ) 
) 
    
 1,863,197
233,999
  
 
    
 (235,429
(30,566
 ) 
) 
    
 368,677
46,299
  
 
    
 (114,406
(10,141
 ) 
) 
    
 —
(266,631
  
) 
    
 6,650,959
1,444,527
  
 
2020
  
PEO
Non-PEO
NEOs
    
 5,316,862
1,621,301
  
 
    
 (2,550,020
(643,640
 ) 
) 
    
 1,788,463
454,491
  
 
    
 (306,222
(63,284
 ) 
) 
    
 362,103
92,015
  
 
    
 (364,619
(53,121
 ) 
) 
    
 —
(117,407
  
) 
    
 4,246,567
1,290,355
  
 
 
(4)
Represents the value of a hypothetical $100 investment beginning at market close on December 31, 2019, assuming reinvestment of dividends.
 
(5)
The peer group used for this purpose, as used in our performance graph pursuant to Item 201(e) of Regulation
S-K
contained in our Annual Report on Form
10-K,
consists of Adtalem Global Education, Inc. (ATGE), Anima Holdings S.A. (ANIM3), Cogna Educação S.A. (COGN3), Grand Canyon Education, Inc. (LOPE), Strategic Education, Inc. (STRA) and YDUQS Participacoes S.A. (YDUQ3).
 
(6)
Reflects the dollar amount of net income reported in our audited financial statements for the applicable year.
 
(7)
Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. Adjusted EBITDA, a
non-GAAP
financial measure, is defined as income (loss) from continuing operations, before equity in net (income) loss of affiliates, net of tax, income tax expense (benefit), (gain) loss on sale or disposal of subsidiaries, net, foreign currency exchange (gain) loss, net, other (income) expense, net, loss (gain) on derivatives, loss on debt extinguishment, interest expense and interest income, plus depreciation and amortization, share-based compensation expense, loss on impairment of assets and expenses related to our
Excellence-in-Process
enterprise wide initiative, completed as of December 31, 2021 except for certain expenses related to run out of programs that began in prior periods.
   
Company Selected Measure Name Adjusted EBITDA Margin    
Named Executive Officers, Footnote [Text Block]
The Principal Executive Officer (“PEO”) in all years presented was Eilif Serck-Hanssen. In 2022, the
non-PEO
NEOs were Richard Buskirk, Marcelo Barbalho Cardoso, Richard Sinkfield and Timothy Grace. In 2021, the
non-PEO
NEOs were Richard Buskirk, Marcelo Barbalho Cardoso, Timothy Grace, Richard Sinkfield and Jean-Jacques Charhon. In 2020, the
non-PEO
NEOs were Jean-Jacques Charhon, Timothy Grace, Richard Sinkfield and Paula Singer.
   
Peer Group Issuers, Footnote [Text Block] The peer group used for this purpose, as used in our performance graph pursuant to Item 201(e) of Regulation
S-K
contained in our Annual Report on Form
10-K,
consists of Adtalem Global Education, Inc. (ATGE), Anima Holdings S.A. (ANIM3), Cogna Educação S.A. (COGN3), Grand Canyon Education, Inc. (LOPE), Strategic Education, Inc. (STRA) and YDUQS Participacoes S.A. (YDUQ3). 		   
PEO Total Compensation Amount $ 4,976,832 $ 7,318,937 $ 5,316,862
PEO Actually Paid Compensation Amount $ 3,994,970 6,650,959 4,246,567
Adjustment To PEO Compensation, Footnote [Text Block]
(3)
The reconciliation below sets forth adjustments made to the total compensation reported in Summ
ary
Compensation Table for the PEO and the average total compensation reported in Summary Compensation Table for the
non-PEO
NEOs to arrive at “compensation actually paid,” as determined in accordance with SEC rules and computed in accordance with the fair value methodology reflected in our financial statements for share-based compensation. NEOs do not participate in a defined benefit plan so no adjustment for pension benefits is included in the table below. Additionally, the value of dividends or other earnings paid on equity awards are not included as such amounts are reflected in the fair value of awards and are only paid upon vesting.
 
Year
 
NEOs
 
Summary
Compensa-
tion Table
Total ($)
 
 
Fair Value
of Stock
Awards as
Reported
in SCT ($)
 
 
Year-End

Fair Value
of Awards
Granted in
Current
Year that
Remain
Outstanding
and
Unvested as
of Year End
($)
 
 
Change in
Fair Value
of Awards
Granted in
Prior Years
that Remain
Outstanding
and
Unvested as
of Year End
($)
 
 
Fair
Value
of
Awards
Granted
and
Vested
in the
Year ($)
 
 
Change
in Fair
Value of
Awards
Granted
in Prior
Years
that
Vested
in the
Year ($)
 
 
Fair Value
at Year
End of
Awards
Granted in
Prior
Years that
Failed to
Meet
Vesting
Conditions
in the Year
($)
 
 
Compensation
Actually
Paid ($)
 
2022
  
PEO
Non-PEO NEOs
    
 4,976,832
1,703,975
  
 
    
 (2,550,024
(399,548
 ) 
) 
    
 1,697,901
199,449
  
 
    
 (303,661
(33,127
 ) 
) 
    
 339,576
134,991
  
 
    
 (165,654
(23,675
 ) 
) 
    
 —
—
  
 
    
 3,994,970
1,582,065
  
 
2021
  
PEO
Non-PEO
NEOs
    
 7,318,937
1,793,888
  
 
    
 (2,550,017
(322,321
 ) 
) 
    
 1,863,197
233,999
  
 
    
 (235,429
(30,566
 ) 
) 
    
 368,677
46,299
  
 
    
 (114,406
(10,141
 ) 
) 
    
 —
(266,631
  
) 
    
 6,650,959
1,444,527
  
 
2020
  
PEO
Non-PEO
NEOs
    
 5,316,862
1,621,301
  
 
    
 (2,550,020
(643,640
 ) 
) 
    
 1,788,463
454,491
  
 
    
 (306,222
(63,284
 ) 
) 
    
 362,103
92,015
  
 
    
 (364,619
(53,121
 ) 
) 
    
 —
(117,407
  
) 
    
 4,246,567
1,290,355
  
 
    
Non-PEO NEO Average Total Compensation Amount $ 1,703,975 1,793,888 1,621,301
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,582,065 1,444,527 1,290,355
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(3)
The reconciliation below sets forth adjustments made to the total compensation reported in Summ
ary
Compensation Table for the PEO and the average total compensation reported in Summary Compensation Table for the
non-PEO
NEOs to arrive at “compensation actually paid,” as determined in accordance with SEC rules and computed in accordance with the fair value methodology reflected in our financial statements for share-based compensation. NEOs do not participate in a defined benefit plan so no adjustment for pension benefits is included in the table below. Additionally, the value of dividends or other earnings paid on equity awards are not included as such amounts are reflected in the fair value of awards and are only paid upon vesting.
 
Year
 
NEOs
 
Summary
Compensa-
tion Table
Total ($)
 
 
Fair Value
of Stock
Awards as
Reported
in SCT ($)
 
 
Year-End

Fair Value
of Awards
Granted in
Current
Year that
Remain
Outstanding
and
Unvested as
of Year End
($)
 
 
Change in
Fair Value
of Awards
Granted in
Prior Years
that Remain
Outstanding
and
Unvested as
of Year End
($)
 
 
Fair
Value
of
Awards
Granted
and
Vested
in the
Year ($)
 
 
Change
in Fair
Value of
Awards
Granted
in Prior
Years
that
Vested
in the
Year ($)
 
 
Fair Value
at Year
End of
Awards
Granted in
Prior
Years that
Failed to
Meet
Vesting
Conditions
in the Year
($)
 
 
Compensation
Actually
Paid ($)
 
2022
  
PEO
Non-PEO NEOs
    
 4,976,832
1,703,975
  
 
    
 (2,550,024
(399,548
 ) 
) 
    
 1,697,901
199,449
  
 
    
 (303,661
(33,127
 ) 
) 
    
 339,576
134,991
  
 
    
 (165,654
(23,675
 ) 
) 
    
 —
—
  
 
    
 3,994,970
1,582,065
  
 
2021
  
PEO
Non-PEO
NEOs
    
 7,318,937
1,793,888
  
 
    
 (2,550,017
(322,321
 ) 
) 
    
 1,863,197
233,999
  
 
    
 (235,429
(30,566
 ) 
) 
    
 368,677
46,299
  
 
    
 (114,406
(10,141
 ) 
) 
    
 —
(266,631
  
) 
    
 6,650,959
1,444,527
  
 
2020
  
PEO
Non-PEO
NEOs
    
 5,316,862
1,621,301
  
 
    
 (2,550,020
(643,640
 ) 
) 
    
 1,788,463
454,491
  
 
    
 (306,222
(63,284
 ) 
) 
    
 362,103
92,015
  
 
    
 (364,619
(53,121
 ) 
) 
    
 —
(117,407
  
) 
    
 4,246,567
1,290,355
  
 
    
Compensation Actually Paid vs. Total Shareholder Return [Text Block]    
Compensation Actually Paid vs. Net Income [Text Block]    
Compensation Actually Paid vs. Company Selected Measure [Text Block]    
Total Shareholder Return Vs Peer Group [Text Block]    
Tabular List [Table Text Block]
The
following financial and
non-financial
performance measures represent the most important performance measures used to link CAP to our NEOs for 2022 and company performance. The measures in this list are not ranked.
 
  •  
Adjusted EBITDA Margin
 
  •  
Adjusted Financing EBITDA
 
  •  
Revenue
 
  •  
Unlevered Free Cash Flow
 
  •  
New Enrollment
 
  •  
Total Enrollment
Please see “Executive Compensation – Compensation Discussion and Analysis” for more information on these measures and how they are taken into account in determining compensation for each of our NEOs.
    
Total Shareholder Return Amount $ 111.41 123.61 82.68
Peer Group Total Shareholder Return Amount 57.27 54.06 72.18
Net Income (Loss) $ 69,000,000 $ 203,800,000 $ (618,700,000)
Company Selected Measure Amount 0.273 0.233 0.201
PEO Name Eilif Serck-Hanssen    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBITDA Margin    
Non-GAAP Measure Description [Text Block] Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. Adjusted EBITDA, a
non-GAAP
financial measure, is defined as income (loss) from continuing operations, before equity in net (income) loss of affiliates, net of tax, income tax expense (benefit), (gain) loss on sale or disposal of subsidiaries, net, foreign currency exchange (gain) loss, net, other (income) expense, net, loss (gain) on derivatives, loss on debt extinguishment, interest expense and interest income, plus depreciation and amortization, share-based compensation expense, loss on impairment of assets and expenses related to our
Excellence-in-Process
enterprise wide initiative, completed as of December 31, 2021 except for certain expenses related to run out of programs that began in prior periods. 		   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Financing EBITDA    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Revenue    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Unlevered Free Cash Flow    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name New Enrollment    
Measure [Axis]: 6      
Pay vs Performance Disclosure [Table]      
Measure Name Total Enrollment    
PEO [Member] | Fair Value Of Stock Awards As Reported In SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (2,550,024) $ (2,550,017) $ (2,550,020)
PEO [Member] | Year End Fair Value Of Awards Granted In Current Year That Remain Outstanding And Unvested As Of Year End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,697,901 1,863,197 1,788,463
PEO [Member] | Change In Fair Value Of Awards Granted In Prior Years That Remain Outstanding And Unvested As Of Year End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (303,661) (235,429) (306,222)
PEO [Member] | Fair Value Of Awards Granted And Vested In The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 339,576 368,677 362,103
PEO [Member] | Change In Fair Value Of Awards Granted In Prior Years That Vested In The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (165,654) (114,406) (364,619)
PEO [Member] | Fair Value At Year End Of Awards Granted In Prior Years That Failed To Meet Vesting Conditions In The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Fair Value Of Stock Awards As Reported In SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (399,548) (322,321) (643,640)
Non-PEO NEO [Member] | Year End Fair Value Of Awards Granted In Current Year That Remain Outstanding And Unvested As Of Year End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 199,449 233,999 454,491
Non-PEO NEO [Member] | Change In Fair Value Of Awards Granted In Prior Years That Remain Outstanding And Unvested As Of Year End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (33,127) (30,566) (63,284)
Non-PEO NEO [Member] | Fair Value Of Awards Granted And Vested In The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 134,991 46,299 92,015
Non-PEO NEO [Member] | Change In Fair Value Of Awards Granted In Prior Years That Vested In The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (23,675) (10,141) (53,121)
Non-PEO NEO [Member] | Fair Value At Year End Of Awards Granted In Prior Years That Failed To Meet Vesting Conditions In The Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 $ (266,631) $ (117,407)