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Stockholders' Equity
 9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
The components of net changes in stockholders’ equity for the fiscal quarters of 2020 are as follows:
Laureate Education, Inc. Stockholders
Class A
Common Stock		Class B
Common Stock		Additional paid-in capitalRetained earnings (accumulated deficit)Accumulated other comprehensive (loss) incomeTreasury stock at costNon-controlling interestsTotal stockholders’ equity
SharesAmountSharesAmount
Balance at December 31, 2019119,575$542 90,831 $363 $3,724,636 $436,509 $(1,073,981)$(271,106)$(12,812)$2,804,151 
Non-cash stock compensation— — — — 1,984 — — — — 1,984 
Conversion of Class B shares to Class A shares18 — (18)— — — — — — — 
Purchase of treasury stock at cost(1,619)— — — — — — (29,203)— (29,203)
Exercise of stock options and vesting of restricted stock, net of shares withheld to satisfy tax withholding1,101 4 — — 25,610 — — — — 25,614 
Accretion of redeemable noncontrolling interests and equity— — — — (44)— — — — (44)
Reclassification of redeemable noncontrolling interests and equity— — — — — — — — 38 38 
Net income— — — — — 99,615 — — (1,299)98,316 
Foreign currency translation adjustment, net of tax of $0
— — — — — — (330,875)— 759 (330,116)
Minimum pension liability adjustment, net of tax of $0
— — — — — — (932)— — (932)
Balance at March 31, 2020119,075 $546 90,813 $363 $3,752,186 $536,124 $(1,405,788)$(300,309)$(13,314)$2,569,808 
Non-cash stock compensation— — — — 4,621 — — — — 4,621 
Exercise of stock options and vesting of restricted stock, net of shares withheld to satisfy tax withholding132 1 — — (33)— — — — (32)
Change in noncontrolling interests— — — — — — — — 3,471 3,471 
Accretion of redeemable noncontrolling interests and equity— — — — 201 — — — — 201 
Reclassification of redeemable noncontrolling interests and equity— — — — — — — — (414)(414)
Net loss— — — — — (307,823)— — (3,805)(311,628)
Foreign currency translation adjustment, net of tax of $0
— — — — — — 14,102 — (68)14,034 
Balance at June 30, 2020119,207 $547 90,813 $363 $3,756,975 $228,301 $(1,391,686)$(300,309)$(14,130)$2,280,061 
Non-cash stock compensation— $— — $— $3,672 $— $— $— $— $3,672 
Exercise of stock options and vesting of restricted stock, net of shares withheld to satisfy tax withholding63 — — — (35)— — — — (35)
Change in noncontrolling interests— — — — (2,610)— — — — (2,610)
Accretion of redeemable noncontrolling interests and equity— — — — 6 — — — — 6 
Reclassification of redeemable noncontrolling interests and equity— — — — — — — — 1,574 1,574 
Net loss— — — — — (784,442)— — 12 (784,430)
Foreign currency translation adjustment, net of tax of $0— — — — — — 326,416 — (74)326,342 
Balance at September 30, 2020119,270 $547 90,813 $363 $3,758,008 $(556,141)$(1,065,270)$(300,309)$(12,618)$1,824,580 
The components of net changes in stockholders’ equity for the fiscal quarters of 2019 are as follows:
Laureate Education, Inc. Stockholders
Class A
Common Stock		Class B
Common Stock		Additional paid-in capital(Accumulated deficit) retained earningsAccumulated other comprehensive (loss) incomeTreasury stock at costNon-controlling interestsTotal stockholders’ equity
SharesAmountSharesAmount
Balance at December 31, 2018107,450 $430 116,865 $467 $3,703,796 $(530,919)$(1,112,695)$— $(10,133)$2,050,946 
Adoption of accounting standards— — — — — 28,944 — — — 28,944 
Balance at January 1, 2019107,450 $430 116,865 $467 $3,703,796 $(501,975)$(1,112,695)$— $(10,133)$2,079,890 
Non-cash stock compensation— — — — 3,149 — — — — 3,149 
Conversion of Class B shares to Class A shares8 — (8)— — — — — — — 
Vesting of restricted stock, net of shares withheld to satisfy tax withholding325 1 — — (1,421)— — — — (1,420)
Distributions to noncontrolling interest holders— — — — — — — — (625)(625)
Accretion of redeemable noncontrolling interests and equity— — — — 263 — — — — 263 
Reclassification of redeemable noncontrolling interests and equity— — — — — — — — 224 224 
Net income— — — — — 191,243 — — 3,022 194,265 
Foreign currency translation adjustment, net of tax of $0
— — — — — — 49,521 — 30 49,551 
Unrealized gain on derivatives, net of tax of $0
— — — — — — 2,609 — — 2,609 
Balance at March 31, 2019107,783 $431 116,857 $467 $3,705,787 $(310,732)$(1,060,565)$— $(7,482)$2,327,906 
Non-cash stock compensation— — — — 4,854 — — — — 4,854 
Conversion of Class B shares to Class A shares10,991 44 (10,991)(44)— — — — — — 
Exercise of stock options and vesting of restricted stock, net of shares withheld to satisfy tax withholding32 — — — 170 — — — — 170 
Distributions to noncontrolling interest holders— — — — — — — — (731)(731)
Change in noncontrolling interests— — — — (3,700)— — — — (3,700)
Accretion of redeemable noncontrolling interests and equity— — — — 194 — — — — 194 
Reclassification of redeemable noncontrolling interests and equity— — — — — — — — (855)(855)
Net income— — — — — 781,592 — — (1,976)779,616 
Foreign currency translation adjustment, net of tax of $0
— — — — — — 10,275 — (87)10,188 
Unrealized gain on derivatives, net of tax of $0
— — — — — — (10,559)— — (10,559)
Balance at June 30, 2019118,806 $475 105,866 $423 $3,707,305 $470,860 $(1,060,849)$— $(11,131)$3,107,083 
Non-cash stock compensation— — — — 1,578 — — — — 1,578 
Conversion of Class B shares to Class A shares15,002 60 (15,002)(60)— — — — — — 
Exercise of stock options and vesting of restricted stock, net of shares withheld to satisfy tax withholding96 — — — 1,455 — — — — 1,455 
Purchases of treasury stock at cost(6,150)— — — — — — (104,849)— (104,849)
Accretion of redeemable noncontrolling interests and equity— — — — (193)— — — — (193)
Reclassification of redeemable noncontrolling interests and equity— — — — — — — — 649 649 
Net loss— — — — — (95,226)— — (1,568)(96,794)
Foreign currency translation adjustment, net of tax of $0— — — — — — (82,070)— (510)(82,580)
Minimum pension liability adjustment, net of tax of $0— — — — — — 4,531 — — 4,531 
Balance at September 30, 2019127,754 $535 90,864 $363 $3,710,145 $375,634 $(1,138,388)$(104,849)$(12,560)$2,830,880 
Stock Repurchase Program

On August 8, 2019, the Company announced that its board of directors had authorized a stock repurchase program to acquire up to $150,000 of the Company’s Class A common stock. In early October 2019, the Company’s stock repurchases reached the authorized limit of $150,000. On October 14, 2019, the Company’s board of directors approved the increase of its existing authorization to repurchase shares of the Company’s Class A common stock by $150,000 for a total authorization (including the previously authorized repurchases) of up to $300,000 of the Company’s Class A common stock. The Company’s repurchases were made in a block trade, as well as on the open market at prevailing market prices and pursuant to a Rule 10b5-1 stock repurchase plan, in accordance with applicable rules and regulations promulgated under the Securities Exchange Act of 1934, as amended (the Exchange Act). In January 2020, the Company repurchased 1,619 shares of its outstanding Class A common stock for a total purchase price of $29,203 and reached the total authorized limit of $300,000. As discussed in Note 19, Subsequent Events, the Company announced an additional stock repurchase program in November 2020.

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) (AOCI) in our Consolidated Balance Sheets includes the accumulated translation adjustments arising from translation of foreign subsidiaries’ financial statements, the unrealized gains on derivatives designated as cash flow hedges, and the accumulated net gains or losses that are not recognized as components of net periodic benefit cost for our minimum pension liability. The change in AOCI includes the removal of the cumulative translation adjustment related to subsidiaries that were sold during the period, which consisted primarily of the Chile balance of $293,000. The components of these balances were as follows:

September 30, 2020December 31, 2019
Laureate Education, Inc.Noncontrolling InterestsTotalLaureate Education, Inc.Noncontrolling InterestsTotal
Foreign currency translation adjustment$(1,075,008)$943 $(1,074,065)$(1,084,651)$326 $(1,084,325)
Unrealized gain on derivatives10,416 — 10,416 10,416 — 10,416 
Minimum pension liability adjustment(678)— (678)254 — 254 
Accumulated other comprehensive loss$(1,065,270)$943 $(1,064,327)$(1,073,981)$326 $(1,073,655)