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Due to Shareholders of Acquired Companies (Tables)
3 Months Ended
Mar. 31, 2019
Business Combinations [Abstract]  
Summary of amounts due to shareholders of acquired companies
The amounts due to shareholders of acquired companies, currencies, and interest rates applied were as follows:
 
March 31, 2019
December 31, 2018
Nominal Currency
Interest
Rate %
Universidade Anhembi Morumbi (UAM Brazil)
$
31,744

$
30,912

BRL
CDI + 2%
University of St. Augustine for Health Sciences, LLC
(St. Augustine)
(1)
11,395

11,395

USD
7%
Faculdade Porto-Alegrense (FAPA)
2,030

1,943

BRL
IGP-M
IADE Group
1,126

1,141

EUR
3%
Total due to shareholders of acquired companies
46,295

45,391

 
 
Less: Current portion of due to shareholders of acquired companies
25,251

23,820

 
 
Due to shareholders of acquired companies, less current portion
$
21,044

$
21,571

 
 
(1)Although St. Augustine was sold and is included in Discontinued Operations, this promissory note is the legal obligation of a corporate entity, and therefore is included in Continuing Operations and remains outstanding following the sale of St. Augustine.
BRL: Brazilian Real
 
CDI: Certificados de Depósitos Interbancários (Brazil)
USD: United States Dollar
 
IGP-M: General Index of Market Prices (Brazil)
EUR: European Euro