Due to Shareholders of Acquired Companies

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Due to Shareholders of Acquired Companies

Due to Shareholders of Acquired Companies

The amounts due to shareholders of acquired companies generally arise in connection with Laureate’s acquisition of a majority or all of the ownership interest of these companies. Promissory notes payable to the sellers of acquired companies, referred to as “seller notes,” are commonly used as a means of payment for business acquisitions. Seller note payments are classified as Payments of deferred purchase price for acquisitions within financing activities in our Consolidated Statements of Cash Flows. The amounts due to shareholders of acquired companies, currencies, and interest rates applied were as follows:

	June 30, 2020		December 31, 2019		Nominal Currency	Interest Rate %
Universidade Anhembi Morumbi (UAM Brazil)	$	15,814	$	20,179	BRL	CDI + 2%
Faculdade Porto-Alegrense (FAPA)	184		230		BRL	IGP-M
IADE Group	—		1,109		EUR	3%
Total due to shareholders of acquired companies	15,998		21,518
Less: Current portion of due to shareholders of acquired companies	8,126		11,523
Due to shareholders of acquired companies, less current portion	$	7,872	$	9,995

BRL: Brazilian Real	CDI: Certificados de Depósitos Interbancários (Brazil)
EUR: European Euro	IGP-M: General Index of Market Prices (Brazil)