XML 69 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings (Loss) Per Share (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Schedule of earnings per share, basic and diluted
The following tables summarize the computations of basic and diluted earnings per share:
For the three months ended March 31,
2018
 
2017
Numerator used in basic and diluted earnings (loss) per common share:
 
 
 
Income (loss) from continuing operations attributable to Laureate Education, Inc.
$
168,879

 
$
(122,807
)
 
 
 
 
Accretion of redemption value of redeemable noncontrolling interests and equity
(76
)
 
5,822

Adjusted for: accretion related to noncontrolling interests and equity redeemable at fair value
(3
)
 
(5,438
)
Accretion of Series A convertible redeemable preferred stock
(57,324
)
 
(39,260
)
Subtotal: accretion of Series A convertible redeemable preferred stock and other redeemable noncontrolling interests and equity
(57,403
)
 
(38,876
)
Net income (loss) available to common stockholders
$
111,476

 
$
(161,683
)
 
 
 
 
Denominator used in basic and diluted earnings (loss) per common share:
 
 
 
Basic weighted average shares outstanding
187,765

 
154,301

Effect of dilutive stock options
—

 
—

Effect of dilutive restricted stock units
463

 
—

Dilutive weighted average shares outstanding
188,228

 
154,301

 
 
 
 
Basic and diluted earnings (loss) per share:
 
 
 
Basic earnings (loss) per share
$
0.59

 
$
(1.05
)
Diluted earnings (loss) per share
$
0.59

 
$
(1.05
)
Schedule of antidilutive securities excluded from computation of earnings per share
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,
2018
 
2017
Stock options
9,840

 
12,296

Restricted stock
265

 
499