Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of earnings per share, basic and diluted

The following tables summarize the computations of basic and diluted earnings (loss) per share:


For the three months ended September 30,	2020		2019
Numerator used in basic and diluted earnings (loss) per common share for continuing operations:
Loss from continuing operations	$	(271,040)	$	(86,649)
Net income attributable to noncontrolling interests	(7)		(12)
Loss from continuing operations attributable to Laureate Education, Inc.	(271,047)		(86,661)

Accretion of redemption value of redeemable noncontrolling interests and equity	6		(193)





Net loss from continuing operations for basic and diluted earnings (loss) per share	$	(271,041)	$	(86,854)




Numerator used in basic and diluted earnings (loss) per common share for discontinued operations:
(Loss) income from discontinued operations, net of tax	$	(169,768)	$	30,986
Loss on sales of discontinued operations, net of tax	(343,622)		(41,131)
(Income) loss attributable to noncontrolling interests	(5)		1,580

Net loss from discontinued operations for basic and diluted earnings (loss) per share	$	(513,395)	$	(8,565)

Denominator used in basic and diluted earnings (loss) per common share:
Basic and diluted weighted average shares outstanding	210,033		224,193





Basic and diluted earnings (loss) per share:
Loss from continuing operations	$	(1.29)	$	(0.39)
Loss from discontinued operations	(2.44)		(0.04)
Basic and diluted loss per share	$	(3.73)	$	(0.43)


For the nine months ended September 30,	2020		2019
Numerator used in basic and diluted earnings (loss) per common share for continuing operations:
Loss from continuing operations	$	(76,503)	$	(211,676)
Net loss (income) attributable to noncontrolling interests	27		(61)
Loss from continuing operations attributable to Laureate Education, Inc.	(76,476)		(211,737)

Accretion of redemption value of redeemable noncontrolling interests and equity	163		264





Net loss from continuing operations for basic and diluted earnings (loss) per share	$	(76,313)	$	(211,473)




Numerator used in basic and diluted earnings (loss) per common share for discontinued operations:
(Loss) income from discontinued operations, net of tax	$	(557,951)	$	240,373
(Loss) gain on sales of discontinued operations, net of tax	(363,288)		848,390
Loss attributable to noncontrolling interests	5,065		583

Net (loss) income from discontinued operations for basic and diluted earnings (loss) per share	$	(916,174)	$	1,089,346

Denominator used in basic and diluted earnings (loss) per common share:




Basic and diluted weighted average shares outstanding	209,920		224,498

Basic and diluted earnings (loss) per share:
Loss from continuing operations	$	(0.36)	$	(0.94)
(Loss) income from discontinued operations	(4.36)		4.85
Basic and diluted (loss) earnings per share	$	(4.72)	$	3.91

Schedule of antidilutive securities excluded from computation of earnings per share

The following table summarizes the number of stock options, shares of restricted stock and restricted stock units (RSUs) that were excluded from the diluted EPS calculations because the effect would have been antidilutive:


	For the three months ended September 30,		For the nine months ended September 30,
	2020	2019	2020	2019
Stock options	3,838	8,650	4,205	8,956
Restricted stock and RSUs	727	733	732	854