XML 18 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues $ 327,579 $ 303,856 $ 522,280 $ 496,175
Costs and expenses:        
Direct costs 213,315 207,799 395,163 428,367
General and administrative expenses 49,361 43,140 91,955 88,209
Loss on impairment of assets 7,219 23,774 63,869 27,542
Operating income 57,684 29,143 (28,707) (47,943)
Interest income 477 288 1,188 910
Interest expense (13,541) (25,705) (37,059) (50,995)
Loss on debt extinguishment (77,927) 0 (77,940) 0
Loss on derivatives (53,847) (1,428) (24,517) (626)
Other expense, net (55) (405) (21) (486)
Foreign currency exchange loss, net (15,519) (4,735) 12,664 73,981
Gain on disposal of subsidiaries, net 27 0 27 (1,800)
Loss from continuing operations before income taxes and equity in net income of affiliates (102,701) (2,842) (154,365) (26,959)
Income tax expense (13,184) (8,713) (126,045) 221,315
Equity in net loss of affiliates, net of tax 0 (4) 0 181
Loss from continuing operations (115,885) (11,559) (280,410) 194,537
Income (loss) from discontinued operations, net of tax benefit of $1,063 and $3,043, respectively 86,661 (300,069) 86,243 (407,849)
Net loss (29,224) (311,628) (194,167) (213,312)
Net loss attributable to noncontrolling interests 224 3,805 239 5,104
Net loss attributable to Laureate Education, Inc. $ (29,000) $ (307,823) $ (193,928) $ (208,208)
Basic and diluted earnings (loss) per share:        
Loss from continuing operations (in dollars per share) $ (0.60) $ (0.05) $ (1.43) $ 0.93
Loss from continuing operations, diluted (in dollars per share) (0.60) (0.05)    
Loss from discontinued operations, basic (in dollars per share) 0.45 (1.41) 0.44 (1.92)
Loss from discontinued operations, diluted (in dollars per share) 0.45 (1.41)    
Basic loss per share (in dollars per share) (0.15) (1.46) $ (0.99) $ (0.99)
Diluted earnings per share (in dollars per share) $ (0.15) $ (1.46)