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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

As discussed in Note 1, Description of Business, on January 31, 2017 our common stock was reclassified into shares of Class B common stock and, on February 6, 2017, we completed our IPO of Class A common stock. Other than voting rights, the Class B common stock has the same rights as the Class A common stock and therefore both are treated as the same class of stock for purposes of the earnings per share calculation. Laureate computes basic earnings per share (EPS) by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period. Diluted EPS reflects the potential dilution that would occur if share-based compensation awards/arrangements or contingently issuable shares were exercised or converted into common stock. To calculate the diluted EPS, the basic weighted average number of shares is increased by the dilutive effect of stock options, restricted stock, and other share-based compensation arrangements determined using the treasury stock method.
The following tables summarize the computations of basic and diluted earnings per share:
For the three months ended March 31,
2017
 
2016
Numerator used in basic and diluted earnings (loss) per common share:
 
 
 
Loss from continuing operations attributable to Laureate Education, Inc.
$
(122,807
)
 
$
(103,167
)
Accretion of redemption value of redeemable noncontrolling interests and equity
5,822

 
1,363

Adjusted for: accretion related to noncontrolling interests and equity redeemable at fair value
(5,438
)
 
151

Accretion of Series A convertible redeemable preferred stock
(39,260
)
 
—

Subtotal: accretion of Series A convertible redeemable preferred stock and other redeemable noncontrolling interests and equity
(38,876
)
 
1,514

Net loss available to common stockholders
$
(161,683
)
 
$
(101,653
)
 
 
 
 
Denominator used in basic and diluted earnings (loss) per common share:
 
 
 
Basic and diluted weighted average shares outstanding
154,301

 
133,278

 
 
 
 
Basic and diluted loss per share
$
(1.05
)
 
$
(0.76
)

The shares of Class A common stock that would be issued upon completion of the Note Exchange and conversion of the Series A Preferred Stock are not included in the calculation of diluted EPS as the effect would have been antidilutive. The following table summarizes the number of stock options and shares of restricted stock that were excluded from the diluted EPS calculations because the effect would have been antidilutive:
 
For the three months ended March 31,
 
2017
 
2016
Stock options
12,296

 
10,630

Restricted stock
499

 
269