Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Schedule of financing receivable

Laureate’s financing receivables balances were as follows:

	March 31, 2020		December 31, 2019
Financing receivables	$	30,860	$	28,856
Allowance for doubtful accounts	(6,123)		(5,909)
Financing receivables, net of allowances	$	24,737	$	22,947

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, 2020
Amounts past due less than one year	$	8,289	$	343	$	8,632
Amounts past due one year or greater	2,550		237		2,787
Total past due (on non-accrual status)	10,839		580		11,419
Not past due	17,563		1,878		19,441
Total financing receivables	$	28,402	$	2,458	$	30,860
As of December 31, 2019
Amounts past due less than one year	$	10,687	$	1,556	$	12,243
Amounts past due one year or greater	3,295		62		3,357
Total past due (on non-accrual status)	13,982		1,618		15,600
Not past due	12,556		700		13,256
Total financing receivables	$	26,538	$	2,318	$	28,856

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, 2020 and 2019, grouped by country portfolio:

	Chile		Other		Total
Balance at December 31, 2019	$	(5,654)	$	(255)	$	(5,909)
Charge-offs	583		3		586
Recoveries	—		—		—
Reclassifications	—		—		—
Provision	(1,345)		(79)		(1,424)
Currency adjustments	608		16		624
Balance at March 31, 2020	$	(5,808)	$	(315)	$	(6,123)
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)

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, 2020 and 2019 were as follows:

	Number of Financing Receivable Accounts	Pre-Modification Balance Outstanding		Post-Modification Balance Outstanding
2020	166	$	421	$	393
2019	296	$	898	$	867

The preceding table represents accounts modified under the terms of a TDR during the three months ended March 31, 2020, whereas the following table represents accounts modified as a TDR between January 1, 2019 and March 31, 2020 that subsequently defaulted during the three months ended March 31, 2020:

	Number of Financing Receivable Accounts	Balance at Default
Total	75	$	147

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