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Financing Receivables (Tables)
6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Schedule of financing receivable
Laureate’s financing receivables balances were as follows:
 
June 30, 2019
 
December 31, 2018
Financing receivables
$
36,217

 
$
16,531

Allowance for doubtful accounts
(6,371
)
 
(6,395
)
Financing receivables, net of allowances
$
29,846

 
$
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 June 30, 2019
 
 
 
 
 
Amounts past due less than one year
$
9,881

 
$
1,086

 
$
10,967

Amounts past due one year or greater
3,143

 
140

 
3,283

Total past due (on non-accrual status)
13,024

 
1,226

 
14,250

Not past due
20,588

 
1,379

 
21,967

Total financing receivables
$
33,612

 
$
2,605

 
$
36,217

 
 
 
 
 
 
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 six months ended June 30, 2019 and 2018, grouped by country portfolio:
 
Chile
 
Other
 
Total
Balance at December 31, 2018
$
(6,108
)
 
$
(287
)
 
$
(6,395
)
Charge-offs
1,071

 
495

 
1,566

Recoveries

 

 

Reclassifications

 

 

Provision
(731
)
 
(675
)
 
(1,406
)
Currency adjustments
(129
)
 
(7
)
 
(136
)
Balance at June 30, 2019
$
(5,897
)
 
$
(474
)
 
$
(6,371
)
 
 
 
 
 
 
Balance at December 31, 2017
$
(6,107
)
 
$
(365
)
 
$
(6,472
)
Charge-offs
944

 

 
944

Recoveries

 

 

Reclassifications

 

 

Provision
(745
)
 
68

 
(677
)
Currency adjustments
162

 
2

 
164

Balance at June 30, 2018
$
(5,746
)
 
$
(295
)
 
$
(6,041
)

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 six months ended June 30, 2019 and 2018 were as follows:
 
Number of Financing Receivable Accounts
 
Pre-Modification Balance Outstanding
 
Post-Modification Balance Outstanding
2019
327

 
$
1,100

 
$
980

2018
326

 
$
1,092

 
$
1,036


The preceding table represents accounts modified under the terms of a TDR during the six months ended June 30, 2019, whereas the following table represents accounts modified as a TDR between January 1, 2018 and June 30, 2019 that subsequently defaulted during the six months ended June 30, 2019:
 
Number of Financing Receivable Accounts
 
Balance at Default
Total
174

 
$
431


The following table represents accounts modified as a TDR between January 1, 2017 and June 30, 2018 that subsequently defaulted during the six months ended June 30, 2018:
 
Number of Financing Receivable Accounts
 
Balance at Default
Total
104

 
$
351