Assets Held for Sale

9 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Assets Held for Sale

Assets Held for Sale

The Company has identified certain subsidiaries that may not reach a scale that will be meaningful for Laureate, and has undertaken a process to sell these entities. As of September 30, 2017, several subsidiaries in our EMEAA segment met the criteria for classification as held for sale under ASC 360-10-45-9, "Long-Lived Assets Classified as Held for Sale," in addition to an asset group at a for-profit real estate subsidiary in our Andean & Iberian segment. Accordingly, as of September 30, 2017, the assets and liabilities of these disposal groups were classified as held for sale and recorded at their carrying values, which were lower than their estimated 'fair values less costs to sell'. The Company expects to begin receiving final offers on these entities in the fourth quarter of 2017, and estimates that closing of the sale transactions will begin to occur in the first quarter of 2018.

The amounts classified as held-for-sale assets and liabilities are subject to finalization. The carrying amounts of the major classes of long-lived assets and liabilities that were reclassified to held for sale as of September 30, 2017 are presented in the following tables:

Property and equipment, net	$	213,593
Goodwill	32,330
Tradenames	16,534
Other assets	17,344
Long-term assets held for sale	$	279,801

Long-term debt, including current portion	$	34,798
Other liabilities	196,681
Total liabilities held for sale	$	231,479

In the aggregate, revenues of the disposal groups represented approximately $159,000 and $154,000 of Laureate's total revenues during the nine months ended September 30, 2017 and 2016, respectively.