XML 59 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Revenues $ 528,557 $ 601,072
Costs and expenses:    
Direct costs 588,987 639,190
General and administrative expenses 52,937 53,911
Loss on impairment of assets 3,768 0
Operating loss (117,135) (92,029)
Interest income 2,667 3,553
Interest expense (36,110) (54,653)
Loss on debt extinguishment 0 (10,622)
Gain on derivatives 802 5,183
Other (expense) income, net (102) 397
Foreign currency exchange gain (loss), net 35,944 (4,746)
Gain on disposal of subsidiaries, net 2,729 0
Loss from continuing operations before income taxes and equity in net income of affiliates (111,205) (152,917)
Income tax benefit 235,102 35,848
Equity in net income of affiliates, net of tax 185 0
Income (loss) from continuing operations 124,082 (117,069)
(Loss) income from discontinued operations, net of tax expense of $1,482 and $10,141, respectively (3,804) 63,329
(Loss) gain on sales of discontinued operations, net of tax (21,962) 248,005
Net income 98,316 194,265
Net loss (income) attributable to noncontrolling interests 1,299 (3,022)
Net income (loss) attributable to Laureate Education, Inc. $ 99,615 $ 191,243
Basic and diluted earnings (loss) per share:    
Income (loss) from continuing operations (in dollars per share) $ 0.59 $ (0.52)
(Loss) income from discontinued operations (in dollars per share) (0.12) 1.37
Basic and diluted loss per share (in dollars per share) $ 0.47 $ 0.85