XML 67 R41.htm IDEA: XBRL DOCUMENT v3.7.0.1
Significant Accounting Policies - Schedule of Variable Interest Entities (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Dec. 31, 2015
Selected Statements of Operations information:            
Revenues, by segment: $ 1,277,439 $ 1,231,910 $ 2,133,372 $ 2,138,444    
Operating income (loss), by segment:            
Operating income (loss) 243,850 210,568 180,983 199,411    
Net income (loss) 117,098 349,238 (3,256) 246,792    
Net income (loss) attributable to Laureate Education, Inc. 116,386 347,389 (6,422) 244,222    
Balance Sheets data:            
Cash and cash equivalents 367,163 384,768 367,163 384,768 $ 464,965 $ 458,673
Other current assets 875,319   875,319   650,836  
Total current assets (includes VIE amounts of $350,678 and $322,210, see Note 2) 1,242,482   1,242,482   1,115,801  
Goodwill 2,020,620   2,020,620   1,934,464  
Tradenames 1,332,523   1,332,523   1,307,633  
Other intangible assets, net 44,735   44,735   46,700  
Other long-term assets 2,729,376   2,729,376   2,657,872  
Total assets (includes VIE amounts of $1,340,653 and $1,309,113, see Note 2) 7,369,736   7,369,736   7,062,470  
Current liabilities 1,415,202   1,415,202   1,440,232  
Long-term debt and other long-term liabilities 4,249,375   4,249,375   4,601,013  
Total liabilities (includes VIE amounts of $405,181 and $424,297, see Note 2) 5,664,577   5,664,577   6,041,245  
Total stockholders' equity 1,447,607   1,447,607   664,392  
Total stockholders' equity attributable to Laureate Education, Inc. 1,412,953   1,412,953   632,210  
LatAm            
Balance Sheets data:            
Goodwill 1,308,430   1,308,430   1,235,952  
EMEAA            
Balance Sheets data:            
Goodwill 193,792   193,792   180,720  
Operating Segments            
Selected Statements of Operations information:            
Revenues, by segment: 1,277,439 1,231,910 2,133,372 2,138,444    
Operating Segments | LatAm            
Selected Statements of Operations information:            
Revenues, by segment: 831,118 733,255 1,252,554 1,137,152    
Balance Sheets data:            
Total assets (includes VIE amounts of $1,340,653 and $1,309,113, see Note 2) 4,099,520   4,099,520   3,932,679  
Operating Segments | EMEAA            
Selected Statements of Operations information:            
Revenues, by segment: 245,480 261,084 472,665 505,097    
Balance Sheets data:            
Total assets (includes VIE amounts of $1,340,653 and $1,309,113, see Note 2) 1,355,507   1,355,507   1,333,297  
Other operations            
Selected Statements of Operations information:            
Depreciation and amortization 66,950 69,704 131,465 135,911    
Operating income (loss), by segment:            
Operating income (loss) 243,850 210,568 180,983 199,411    
Net income (loss) attributable to Laureate Education, Inc. 183,817 277,470 214,374 325,580    
Corporate and eliminations            
Selected Statements of Operations information:            
Revenues, by segment: (3,754) (4,085) (4,732) (5,886)    
Operating income (loss), by segment:            
Net income (loss) attributable to Laureate Education, Inc. (109,386) 61,785 (241,815) (60,177)    
Variable Interest Entity, Primary Beneficiary            
Balance Sheets data:            
Cash and cash equivalents 114,684   114,684   169,074  
Other current assets 235,994   235,994   153,136  
Total current assets (includes VIE amounts of $350,678 and $322,210, see Note 2) 350,678   350,678   322,210  
Goodwill 188,620   188,620   181,669  
Tradenames 106,005   106,005   104,117  
Other intangible assets, net 0   0   0  
Other long-term assets 695,350   695,350   701,117  
Total assets (includes VIE amounts of $1,340,653 and $1,309,113, see Note 2) 1,340,653   1,340,653   1,309,113  
Current liabilities 295,819   295,819   320,922  
Long-term debt and other long-term liabilities 109,362   109,362   103,375  
Total liabilities (includes VIE amounts of $405,181 and $424,297, see Note 2) 405,181   405,181   424,297  
Total stockholders' equity 935,472   935,472   884,816  
Total stockholders' equity attributable to Laureate Education, Inc. 915,158   915,158   $ 866,997  
Variable Interest Entity, Primary Beneficiary | Operating Segments            
Selected Statements of Operations information:            
Revenues, by segment: 220,564 185,456 350,463 314,998    
Depreciation and amortization 12,651 12,974 25,473 25,768    
Operating income (loss), by segment:            
Operating income (loss) 39,533 6,901 10,341 (22,933)    
Net income (loss) 43,152 9,486 23,040 (20,080)    
Net income (loss) attributable to Laureate Education, Inc. 41,955 8,134 21,019 (21,181)    
Variable Interest Entity, Primary Beneficiary | Operating Segments | LatAm            
Selected Statements of Operations information:            
Revenues, by segment: 153,262 112,223 216,948 169,430    
Operating income (loss), by segment:            
Operating income (loss) 31,514 (2,009) (9,554) (42,598)    
Variable Interest Entity, Primary Beneficiary | Operating Segments | EMEAA            
Selected Statements of Operations information:            
Revenues, by segment: 67,302 73,233 133,515 145,568    
Operating income (loss), by segment:            
Operating income (loss) $ 8,019 $ 8,910 $ 19,895 $ 19,665