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Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents (includes VIE amounts of $145,502 and $157,003, see Note 2) $ 546,675 $ 339,629
Restricted cash 196,385 186,921
Receivables:    
Accounts and notes receivable 535,408 432,910
Other receivables 20,785 18,350
Allowance for doubtful accounts (173,173) (190,785)
Receivables, net 383,020 260,475
Income tax receivable 39,948 22,416
Prepaid expenses and other current assets 73,582 49,686
Current assets held for sale 72,415 83,800
Total current assets 1,312,025 942,927
Notes receivable, net 12,296 9,882
Property and equipment:    
Land 205,826 229,663
Buildings 597,641 662,376
Furniture, equipment and software 855,607 952,599
Leasehold improvements 286,184 329,011
Construction in-progress 63,064 57,393
Accumulated depreciation and amortization (937,277) (1,031,823)
Property and equipment, net 1,071,045 1,199,219
Operating lease right-of-use assets, net 768,747 861,878
Land use rights, net 1,329 1,628
Goodwill 1,501,042 1,701,495
Other intangible assets:    
Tradenames 1,069,084 1,119,454
Other intangible assets, net 1,045 1,431
Deferred costs, net 64,156 69,998
Deferred income taxes 333,325 125,417
Other assets 146,672 176,326
Long-term assets held for sale 216,316 305,973
Total assets 6,497,082 6,515,628
Current liabilities:    
Accounts payable 91,285 119,523
Accrued expenses 211,347 214,808
Accrued compensation and benefits 112,672 182,080
Deferred revenue and student deposits 505,716 216,816
Current portion of operating leases 84,241 91,558
Current portion of long-term debt and finance leases 191,254 118,822
Current portion of due to shareholders of acquired companies 8,587 11,523
Income taxes payable 24,085 25,501
Other current liabilities 21,572 25,969
Current liabilities held for sale 60,602 64,204
Total current liabilities (includes VIE amounts of $267,151 and $142,343, see Note 2) 1,311,361 1,070,804
Long-term operating leases, less current portion 712,564 792,358
Long-term debt and finance leases, less current portion 1,411,686 1,260,317
Due to shareholders of acquired companies, less current portion 8,282 9,995
Deferred compensation 12,839 12,744
Income taxes payable 53,675 62,200
Deferred income taxes 190,563 218,378
Other long-term liabilities 143,353 147,472
Long-term liabilities held for sale 70,988 124,914
Total liabilities 3,915,311 3,699,182
Redeemable noncontrolling interests and equity 11,963 12,295
Stockholders' equity:    
Additional paid-in capital 3,752,186 3,724,636
Retained earnings 536,124 436,509
Accumulated other comprehensive loss (1,405,788) (1,073,981)
Treasury stock at cost (17,627 shares held at March 31, 2020 and 16,008 shares held at December 31, 2019) (300,309) (271,106)
Total Laureate Education, Inc. stockholders' equity 2,583,122 2,816,963
Noncontrolling interests (13,314) (12,812)
Total stockholders' equity 2,569,808 2,804,151
Total liabilities and stockholders' equity 6,497,082 6,515,628
Variable Interest Entity, Primary Beneficiary    
Current assets:    
Cash and cash equivalents (includes VIE amounts of $145,502 and $157,003, see Note 2) 145,502 157,003
Receivables:    
Current assets held for sale 18,900 16,050
Total current assets 422,752 346,125
Property and equipment:    
Operating lease right-of-use assets, net 62,851 65,761
Goodwill 140,673 159,957
Other intangible assets:    
Tradenames 55,434 61,691
Other intangible assets, net 0 0
Long-term assets held for sale 62,257 52,519
Total assets 981,102 948,632
Current liabilities:    
Current liabilities held for sale 11,784 11,741
Total current liabilities (includes VIE amounts of $267,151 and $142,343, see Note 2) 267,151 142,343
Long-term operating leases, less current portion 53,156 56,571
Long-term liabilities held for sale 39,199 29,666
Total liabilities 395,516 257,199
Stockholders' equity:    
Total Laureate Education, Inc. stockholders' equity 585,586 691,433
Total stockholders' equity 585,586 691,433
Class A Common Stock    
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,889 shares authorized as of March 31, 2020 and December 31, 2019, respectively, no shares issued and outstanding as of March 31, 2020 and December 31, 2019 0 0
Common stock $ 546 $ 542
Common Stock, Shares, Outstanding 119,075 119,575
Common Stock, Shares, Issued 136,702 135,583
Class B Common Stock    
Stockholders' equity:    
Common stock $ 363 $ 363
Common Stock, Shares, Outstanding 90,813 90,831
Common Stock, Shares, Issued 90,813 90,831