Financing Receivables (Tables)

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Schedule of financing receivable

Laureate’s financing receivables balances were as follows:

	June 30, 2020		December 31, 2019
Financing receivables	$	30,052	$	28,856
Allowance for doubtful accounts	(7,131)		(5,909)
Financing receivables, net of allowances	$	22,921	$	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 June 30, 2020
Amounts past due less than one year	$	9,493	$	821	$	10,314
Amounts past due one year or greater	2,651		208		2,859
Total past due (on non-accrual status)	12,144		1,029		13,173
Not past due	14,336		2,543		16,879
Total financing receivables	$	26,480	$	3,572	$	30,052
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 six months ended June 30, 2020 and 2019, grouped by country portfolio:

	Chile		Other		Total
Balance at December 31, 2019	$	(5,654)	$	(255)	$	(5,909)
Charge-offs	2,879		4		2,883
Recoveries	—		—		—
Reclassifications	—		—		—
Provision	(3,712)		(924)		(4,636)
Currency adjustments	432		99		531
Balance at June 30, 2020	$	(6,055)	$	(1,076)	$	(7,131)
Balance at December 31, 2018	$	(6,108)	$	(287)	$	(6,395)
Charge-offs	1,071		495		1,566
Recoveries	—		—		—
Reclassifications	—		—		—
Provision	(731)		(675)		(1,406)
Currency adjustments	(129)		(7)		(136)
Balance at June 30, 2019	$	(5,897)	$	(474)	$	(6,371)

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 six months ended June 30, 2020 and 2019 were as follows:

	Number of Financing Receivable Accounts	Pre-Modification Balance Outstanding		Post-Modification Balance Outstanding
2020	348	$	1,222	$	1,178
2019	327	$	1,100	$	980

The preceding table represents accounts modified under the terms of a TDR during the six months ended June 30, 2020, whereas the following table represents accounts modified as a TDR between January 1, 2019 and June 30, 2020 that subsequently defaulted during the six months ended June 30, 2020:

	Number of Financing Receivable Accounts	Balance at Default
Total	122	$	298

The following table represents accounts modified as a TDR between January 1, 2018 and June 30, 2019 that subsequently defaulted during the six months ended June 30, 2019:

	Number of Financing Receivable Accounts	Balance at Default
Total	174	$	431