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Financing Receivables (Tables)
3 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Schedule of financing receivable
Laureate’s financing receivables balances were as follows:
 
March 31, 2019
 
December 31, 2018
Financing receivables
$
25,816

 
$
16,531

Allowance for doubtful accounts
(6,477
)
 
(6,395
)
Financing receivables, net of allowances
$
19,339

 
$
10,136

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, 2019
 
 
 
 
 
Amounts past due less than one year
$
10,728

 
$
433

 
$
11,161

Amounts past due one year or greater
3,006

 
153

 
3,159

Total past due (on non-accrual status)
13,734

 
586

 
14,320

Not past due
10,202

 
1,294

 
11,496

Total financing receivables
$
23,936

 
$
1,880

 
$
25,816

 
 
 
 
 
 
As of December 31, 2018
 
 
 
 
 
Amounts past due less than one year
$
7,618

 
$
644

 
$
8,262

Amounts past due one year or greater
2,879

 
192

 
3,071

Total past due (on non-accrual status)
10,497

 
836

 
11,333

Not past due
4,980

 
218

 
5,198

Total financing receivables
$
15,477

 
$
1,054

 
$
16,531

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, 2019 and 2018, grouped by country portfolio:
 
Chile
 
Other
 
Total
Balance at December 31, 2018
$
(6,108
)
 
$
(287
)
 
$
(6,395
)
Charge-offs
414

 
76

 
490

Recoveries

 

 

Reclassifications

 

 

Provision
(361
)
 
(72
)
 
(433
)
Currency adjustments
(124
)
 
(15
)
 
(139
)
Balance at March 31, 2019
$
(6,179
)
 
$
(298
)
 
$
(6,477
)
 
 
 
 
 
 
Balance at December 31, 2017
$
(6,107
)
 
$
(365
)
 
$
(6,472
)
Charge-offs
331

 

 
331

Recoveries
(1
)
 

 
(1
)
Reclassifications

 

 

Provision
(731
)
 
28

 
(703
)
Currency adjustments
(164
)
 
(9
)
 
(173
)
Balance at March 31, 2018
$
(6,672
)
 
$
(346
)
 
$
(7,018
)
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, 2019 and 2018 were as follows:
 
Number of Financing Receivable Accounts
 
Pre-Modification Balance Outstanding
 
Post-Modification Balance Outstanding
2019
296

 
$
898

 
$
867

2018
409

 
$
1,372

 
$
1,262


The preceding table represents accounts modified under the terms of a TDR during the three months ended March 31, 2019, whereas the following table represents accounts modified as a TDR between January 1, 2018 and March 31, 2019 that subsequently defaulted during the three months ended March 31, 2019:
 
Number of Financing Receivable Accounts
 
Balance at Default
Total
155

 
$
251


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:
 
Number of Financing Receivable Accounts
 
Balance at Default
Total
138

 
$
339