XML 28 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenues $ 1,277,439 $ 1,231,910 $ 2,133,372 $ 2,138,444
Costs and expenses:        
Direct costs 942,246 963,794 1,795,478 1,833,617
General and administrative expenses 91,343 57,548 156,911 105,416
Operating income 243,850 210,568 180,983 199,411
Interest income 4,460 4,062 9,154 9,868
Interest expense (98,962) (105,833) (201,595) (209,602)
Loss on debt extinguishment (6,915) (1,681) (8,430) (1,681)
Gain (loss) on derivatives 26,970 1,999 39,117 (8,751)
Other income (expense), net (380) (1,276) 56 (1,317)
Foreign currency exchange (loss) gain, net (9,726) 26,252 (7,436) 53,934
(Loss) gain on sales of subsidiaries, net (172) 243,261 (172) 243,261
Income from continuing operations before income taxes and equity in net income of affiliates 159,125 377,352 11,677 285,123
Income tax expense (42,028) (28,393) (14,934) (38,351)
Equity in net income of affiliates, net of tax 1 279 1 20
Net (loss) income 117,098 349,238 (3,256) 246,792
Net income attributable to noncontrolling interests (712) (1,849) (3,166) (2,570)
Net (loss) income attributable to Laureate Education, Inc. 116,386 347,389 (6,422) 244,222
Accretion of Series A convertible redeemable preferred stock and other redeemable noncontrolling interests and equity (69,212) (438) (108,081) 1,077
Net (loss) income available to common stockholders $ 47,174 $ 346,951 $ (114,503) $ 245,299
Basic and diluted earnings per share:        
Basic (loss) earnings per share (in dollars per share) $ 0.28 $ 2.60 $ (0.71) $ 1.84
Diluted (loss) earnings per share (in dollars per share) $ 0.28 $ 2.59 $ (0.71) $ 1.83