Due to Shareholders of Acquired Companies

3 Months Ended

Mar. 31, 2017

Business Combinations [Abstract]

Due to Shareholders of Acquired Companies

Due to Shareholders of Acquired Companies

The amounts due to shareholders of acquired companies generally arise in connection with Laureate’s acquisition of a majority or all of the ownership interest of these companies. Promissory notes payable to the sellers of acquired companies, referred to as “seller notes,” are commonly used as a means of payment for business acquisitions. Seller note payments are generally classified as Payments of deferred purchase price for acquisitions within financing activities in our Consolidated Statement of Cash Flows. The amounts due to shareholders of acquired companies, currencies, and interest rates applied were as follows:

	March 31, 2017		December 31, 2016		Nominal Currency	Interest Rate %
Faculdades Metropolitanas Unidas Educacionais (FMU)	$	108,716	$	100,382	BRL	CDI
Universidade Anhembi Morumbi (UAM Brazil)	56,141		52,043		BRL	CDI + 2%
Monash South Africa (MSA)	29,728		27,462		AUD	n/a, 6.75%
University of St. Augustine for Health Sciences, LLC (St. Augustine)	11,550		11,550		USD	7%
Universidad Tecnologica Centroamericana (UNITEC Honduras)	4,871		5,196		HNL	IIBC
CH Holding Netherlands B.V. (CH Holding)	3,712		8,587		USD	n/a
Faculdade-Porto-Alegrense (FAPA)	3,177		2,973		BRL	IGP-M
IADE Group	2,854		2,755		EUR	3%
Total due to shareholders of acquired companies	220,749		210,948
Less: Current portion of due to shareholders of acquired companies	136,766		118,679
Due to shareholders of acquired companies, less current portion	$	83,983	$	92,269

AUD: Australian Dollar	CDI: Certificados de Depósitos Interbancários (Brazil)
BRL: Brazilian Real	IIBC: Índice de Inflación del Banco Central (Honduras)
EUR: European Euro	IGP-M: General Index of Market Prices (Brazil)
HNL: Honduran Lempira
USD: United States Dollar