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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 427,142 $ 750,147
Restricted cash 106,770 117,151
Receivables:    
Accounts and notes receivable 143,113 138,738
Other receivables 48,525 49,835
Allowance for doubtful accounts (68,098) (76,694)
Receivables, net 123,540 111,879
Income tax receivable 17,131 14,564
Prepaid expenses and other current assets 20,349 15,079
Current assets held for sale 202,093 434,966
Total current assets 897,025 1,443,786
Notes receivable, net 848 1,321
Property and equipment:    
Land 118,234 126,228
Buildings 329,894 351,480
Furniture, equipment and software 482,306 494,079
Leasehold improvements 122,340 121,683
Construction in-progress 5,891 7,254
Accumulated depreciation and amortization (540,326) (522,240)
Property and equipment, net 518,339 578,484
Operating lease right-of-use assets, net 426,926 462,767
Land use rights, net 1,548 1,548
Goodwill 568,767 574,832
Tradenames 159,219 225,573
Deferred costs, net 10,856 17,623
Deferred income taxes 101,993 130,567
Other assets 40,158 51,924
Long-term assets held for sale 919,989 1,482,469
Total assets 3,645,668 4,970,894
Current liabilities:    
Accounts payable 34,015 41,073
Accrued expenses 75,108 95,743
Accrued compensation and benefits 72,394 64,089
Deferred revenue and student deposits 48,620 47,180
Current portion of operating leases 46,714 44,631
Current portion of long-term debt and finance leases 50,941 95,818
Income taxes payable 104,962 29,682
Derivative instruments 0 17,680
Other current liabilities 19,710 15,109
Current liabilities held for sale 164,330 353,550
Total current liabilities 616,794 804,555
Long-term operating leases, less current portion 432,890 474,507
Long-term debt and finance leases, less current portion 123,470 899,898
Deferred compensation 13,560 13,425
Income taxes payable 50,096 36,078
Deferred income taxes 86,126 86,368
Derivative instruments 0 8,144
Other long-term liabilities 26,548 33,555
Long-term liabilities held for sale 21,930 348,706
Total liabilities 1,371,414 2,705,236
Redeemable noncontrolling interests and equity 1,812 1,724
Stockholders' equity:    
Additional paid-in capital 3,763,855 3,760,029
Accumulated deficit (370,851) (176,822)
Accumulated other comprehensive loss (491,425) (941,986)
Treasury stock at cost (39,992 shares held at June 30, 2021 and 22,043 shares held at December 31, 2020) (616,908) (365,316)
Total Laureate Education, Inc. stockholders' equity 2,285,584 2,276,816
Noncontrolling interests (13,142) (12,882)
Total stockholders' equity 2,272,442 2,263,934
Total liabilities and stockholders' equity 3,645,668 4,970,894
Class A Common Stock    
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,889 shares authorized as of June 30, 2021 and December 31, 2020, respectively, no shares issued and outstanding as of June 30, 2021 and December 31, 2020 0 0
Common stock 619 548
Class B Common Stock    
Stockholders' equity:    
Common stock $ 294 $ 363