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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited)

The following quarterly financial information reflects all normal recurring adjustments that are, in the opinion of management, necessary for a fair statement of the results of the interim periods. Earnings per share are computed independently for each of the quarters presented. Per share amounts may not sum due to rounding. Summarized quarterly operating data were as follows:
 
2019 Quarters Ended
Per share amounts in whole dollars
December 31
 
September 30
 
June 30
 
March 31
Revenues
$
883,152

 
$
773,699

 
$
992,403

 
$
601,072

Operating costs and expenses
727,898

 
727,969

 
775,240

 
693,099

Operating income (loss)
$
155,254

 
$
45,730

 
$
217,163

 
$
(92,027
)
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
51,736

 
$
(28,526
)
 
$
107,820

 
$
(117,069
)
(Loss) income from discontinued operations, net of tax
(12,531
)
 
(27,137
)
 
30,280

 
63,329

Gain (loss) on sales of discontinued operations, net of tax
21,372

 
(41,131
)
 
641,516

 
248,005

Net loss (income) attributable to noncontrolling interests
298

 
1,568

 
1,976

 
(3,022
)
Net income (loss) attributable to Laureate Education, Inc.
60,875

 
(95,226
)
 
781,592

 
191,243

Accretion of Series A Preferred Stock and other redeemable noncontrolling interests and equity
(472
)
 
(193
)
 
194

 
263

Net income (loss) available to common stockholders
$
60,403

 
$
(95,419
)
 
$
781,786

 
$
191,506

 
 
 
 
 
 
 
 
Basic earnings (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
0.24

 
$
(0.13
)
 
$
0.48

 
$
(0.52
)
Income (loss) from discontinued operations
0.04

 
(0.30
)
 
3.00

 
1.37

Basic earnings (loss) per share
$
0.28

 
$
(0.43
)
 
$
3.48

 
$
0.85

Diluted earnings (loss) per share:

 

 

 

Income (loss) from continuing operations
$
0.24

 
$
(0.13
)
 
$
0.48

 
$
(0.52
)
Income (loss) from discontinued operations
0.04

 
(0.30
)
 
3.00

 
1.37

Diluted earnings (loss) per share
$
0.28

 
$
(0.43
)
 
$
3.48

 
$
0.85





 
2018 Quarters Ended
Per share amounts in whole dollars
December 31
 
September 30
 
June 30
 
March 31
Revenues
$
892,451

 
$
778,255

 
$
1,005,229

 
$
614,278

Operating costs and expenses
757,970

 
749,259

 
786,235

 
712,879

Operating income (loss)
$
134,481

 
$
28,996

 
$
218,994

 
$
(98,601
)
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
26,107

 
$
(40,353
)
 
$
174,410

 
$
(170,698
)
Income (loss) from discontinued operations, net of tax
61,333

 
(37,905
)
 
37,542

 
23,914

(Loss) gain on sales of discontinued operations, net of tax
(15,324
)
 
(18,426
)
 
12,003

 
318,327

Net income (loss) attributable to noncontrolling interests
(548
)
 
1,895

 
456

 
(2,666
)
Net income (loss) attributable to Laureate Education, Inc.
71,568

 
(94,789
)
 
224,411

 
168,877

Accretion of Series A Preferred Stock and other redeemable noncontrolling interests and equity
(1,422
)
 
324

 
(4,324
)
 
(57,403
)
Gain upon conversion of Series A convertible redeemable preferred stock
—

 
—

 
74,110

 
—

Net income (loss) available to common stockholders
$
70,146

 
$
(94,465
)
 
$
294,197

 
$
111,474

 
 
 
 
 
 
 
 
Basic earnings (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
0.11

 
$
(0.18
)
 
$
1.14

 
$
(1.22
)
Income (loss) from discontinued operations
0.20

 
(0.24
)
 
0.23

 
1.81

Basic earnings (loss) per share
$
0.31

 
$
(0.42
)
 
$
1.37

 
$
0.59

Diluted earnings (loss) per share:

 

 

 

Income (loss) from continuing operations
$
0.11

 
$
(0.18
)
 
$
0.78

 
$
(1.22
)
Income (loss) from discontinued operations
0.20

 
(0.24
)
 
0.22

 
1.81

Diluted earnings (loss) per share
$
0.31

 
$
(0.42
)
 
$
1.00

 
$
0.59