Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Summary of financial assets and liabilities measured at fair value on a recurring basis

Laureate’s financial assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2018 were as follows:

	Total		Level 1		Level 2		Level 3
Assets
Derivative instruments	$	682	$	—	$	—	$	682
Liabilities
Derivative instruments	$	7,293	$	—	$	—	$	7,293

Laureate’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2017 were as follows:

	Total		Level 1		Level 2		Level 3
Assets
Derivative instruments	$	48,186	$	—	$	—	$	48,186
Liabilities
Derivative instruments	$	13,848	$	—	$	—	$	13,848

Summary of the change in Level 3 derivatives instruments

The changes in our Level 3 Derivative instruments measured at fair value on a recurring basis for the nine months ended September 30, 2018 were as follows:

Balance at December 31, 2017	$	34,338
(Loss) Gain included in earnings:
Unrealized losses, net	(37,611		)
Realized gains, net	129,723
Included in other comprehensive income	11,776
Settlements	(3,520		)
Reclassification upon conversion of Series A Preferred Stock	(140,320		)
Currency translation adjustment and other	(997		)
Balance at September 30, 2018	$	(6,611	)
Unrealized loss, net, relating to derivatives held at September 30, 2018	$	(37,611	)

Fair value inputs, assets, quantitative information

The following table presents quantitative information regarding the significant unobservable inputs utilized in the fair value measurements of the Company's assets/(liabilities) classified as Level 3 as of September 30, 2018:

	Fair Value at September 30, 2018			Valuation Technique	Unobservable Input	Range/Input Value
Derivative instruments - cross currency and interest rate swaps	$	(6,611	)	Discounted Cash Flow	Credit Risk	3.39	%

The following table presents quantitative information regarding the significant unobservable inputs utilized in the fair value measurements of the Company's assets/(liabilities) classified as Level 3 as of September 30, 2018:

	Fair Value at September 30, 2018			Valuation Technique	Unobservable Input	Range/Input Value
Derivative instruments - cross currency and interest rate swaps	$	(6,611	)	Discounted Cash Flow	Credit Risk	3.39	%