Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2018

The reconciliations of the beginning and ending balances of the Allowance for doubtful accounts were as follows:



For the three months ended March 31,	2018			2017
Balance at beginning of period	$	204,252		$	196,270
Additions: charges to bad debt expense	22,153			16,502
Additions: charges to other accounts ^(a)	—			503
Deductions ^(b)	(24,883		)	(17,571		)
Balance at end of period	$	201,522		$	195,704

^(a) Charges to other accounts includes reclassifications.

^(b) Deductions includes accounts receivable written off against the allowance (net of recoveries), reclassifications, and foreign

currency translation. The beginning and ending balances of the Allowance for doubtful accounts include the current

portion, as shown on the face of Consolidated Balance Sheets, in addition to the noncurrent portion that is included in

Notes receivable, net on the Consolidated Balance Sheets.

Laureate’s financing receivables balances were as follows:



	March 31, 2018			December 31, 2017
Financing receivables	$	37,411		$	22,977
Allowance for doubtful accounts	(8,984		)	(8,411		)
Financing receivables, net of allowances	$	28,427		$	14,566

Summary of aging of financing receivables by country

The aging of financing receivables grouped by country portfolio was as follows:



	Chile		Other		Total
As of March 31, 2018
Amounts past due less than one year	$	11,302	$	797	$	12,099
Amounts past due one year or greater	3,121		1,405		4,526
Total past due (on non-accrual status)	14,423		2,202		16,625
Not past due	19,190		1,596		20,786
Total financing receivables	$	33,613	$	3,798	$	37,411

As of December 31, 2017
Amounts past due less than one year	$	6,800	$	1,300	$	8,100
Amounts past due one year or greater	3,551		1,335		4,886
Total past due (on non-accrual status)	10,351		2,635		12,986
Not past due	8,494		1,497		9,991
Total financing receivables	$	18,845	$	4,132	$	22,977

Summary of allowance for credit losses on financing receivables

The following is a rollforward of the Allowance for doubtful accounts related to financing receivables for the three months ended March 31, 2018 and 2017, grouped by country portfolio:



	Chile			Other			Total
Balance at December 31, 2017	$	(6,107	)	$	(2,304	)	$	(8,411	)
Charge-offs	331			—			331
Recoveries	(1		)	(7		)	(8		)
Reclassifications	—			39			39
Provision	(731		)	23			(708		)
Currency adjustments	(164		)	(63		)	(227		)
Balance at March 31, 2018	$	(6,672	)	$	(2,312	)	$	(8,984	)

Balance at December 31, 2016	$	(6,209	)	$	(2,966	)	$	(9,175	)
Charge-offs	911			27			938
Recoveries	—			(3		)	(3		)
Reclassifications	—			—			—
Provision	(450		)	35			(415		)
Currency adjustments	(66		)	(19		)	(85		)
Balance at March 31, 2017	$	(5,814	)	$	(2,926	)	$	(8,740	)

Summary of troubled debt restructuring

The number of financing receivable accounts and the pre- and post-modification account balances modified under the terms of a TDR during the three months ended March 31, 2018 and 2017 were as follows:



	Number of Financing Receivable Accounts	Pre-Modification Balance Outstanding		Post-Modification Balance Outstanding
2018	409	$	1,372	$	1,262
2017	281	$	1,169	$	1,086

The preceding table represents accounts modified under the terms of a TDR during the three months ended March 31, 2018, whereas the following table represents accounts modified as a TDR between January 1, 2017 and March 31, 2018 that subsequently defaulted during the three months ended March 31, 2018:

The following table represents accounts modified as a TDR between January 1, 2016 and March 31, 2017 that subsequently defaulted during the three months ended March 31, 2017:

Number of Financing Receivable Accounts

Balance at Default