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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenues $ 243,523 $ 277,267 $ 739,698 $ 860,224
Costs and expenses:        
Direct costs 185,758 229,736 614,125 706,817
General and administrative expenses 52,602 65,942 140,812 174,458
Asset impairment charges 323,398 0 350,939 248
Operating loss (318,235) (18,411) (366,178) (21,299)
Interest income 684 912 1,594 2,594
Interest expense (24,703) (28,318) (75,698) (101,548)
Loss on debt extinguishment 0 (200) 0 (22,059)
Gain on derivatives 0 283 (626) 9,166
Other income, net 1,301 992 814 9,090
Foreign currency exchange (loss) gain, net (2,907) 7,659 71,074 7,601
Gain (loss) on disposal of subsidiaries, net 621 (1,474) (1,178) (1,474)
Loss from continuing operations before income taxes and equity in net income of affiliates (343,239) (38,557) (370,198) (117,929)
Income tax benefit (expense) 72,199 (48,092) 293,514 (93,966)
Equity in net income of affiliates, net of tax     181 219
Loss from continuing operations (271,040) (86,649) (76,503) (211,676)
(Loss) income from discontinued operations, net of tax (expense) benefit of $(48,214) and $17,364, respectively (169,768) 30,986 (557,951) 240,373
Loss on sales of discontinued operations, net of tax (343,622) (41,131) (363,288) 848,390
Net (loss) income (784,430) (96,794) (997,742) 877,087
Net loss attributable to noncontrolling interests (12) 1,568 5,092 522
Net loss attributable to Laureate Education, Inc. $ (784,442) $ (95,226) $ (992,650) $ 877,609
Basic and diluted earnings (loss) per share:        
(Loss) income from continuing operations (in dollars per share) $ (1.29) $ (0.39) $ (0.36) $ (0.94)
(Loss) income from discontinued operations (in dollars per share) (2.44) (0.04) (4.36) 4.85
Basic and diluted (loss) earnings per share (in dollars per share) $ (3.73) $ (0.43) $ (4.72) $ 3.91