Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Components of net changes in stockholders' equity

The components of net changes in stockholders’ equity for the fiscal quarters of 2021 are as follows:

	Laureate Education, Inc. Stockholders
	Class A Common Stock			Class B Common Stock			Additional paid-in capital		Accumulated deficit		Accumulated other comprehensive loss		Treasury stock at cost		Non-controlling interests		Total stockholders’ equity
	Shares	Amount		Shares	Amount
Balance at December 31, 2020	115,119	$	548	90,792	$	363	$	3,760,029	$	(176,822)	$	(941,986)	$	(365,316)	$	(12,882)	$	2,263,934
Beginning retained earnings adjustment	—	—		—	—		—		(101)		—		—		—		(101)
Non-cash stock compensation	—	—		—	—		1,576		—		—		—		—		1,576
Conversion of Class B shares to Class A shares	17,248	69		(17,248)	(69)		—		—		—		—		—		—
Purchase of treasury stock at cost	(10,401)	—		—	—		—		—		—		(145,806)		—		(145,806)
Exercise of stock options and vesting of restricted stock, net of shares withheld to satisfy tax withholding	247	1		—	—		(1,223)		—		—		—		—		(1,222)
Accretion of redeemable noncontrolling interests and equity	—	—		—	—		(20)		—		—		—		—		(20)
Net loss	—	—		—	—		—		(164,928)		—		—		(15)		(164,943)
Foreign currency translation adjustment, net of tax of $0	—	—		—	—		—		—		(59,743)		—		(18)		(59,761)
Minimum pension liability adjustment, net of tax of $0	—	—		—	—		—		—		(168)		—		—		(168)
Balance at March 31, 2021	122,213	$	618	73,544	$	294	$	3,760,362	$	(341,851)	$	(1,001,897)	$	(511,122)	$	(12,915)	$	1,893,489
Non-cash stock compensation	—	—		—	—		3,202		—		—		—		—		3,202
Conversion of Class B shares to Class A shares	2	—		(2)	—		—		—		—		—		—		—
Purchase of treasury stock at cost	(7,548)	—		—	—		—		—		—		(105,786)		—		(105,786)
Exercise of stock options and vesting of restricted stock, net of shares withheld to satisfy tax withholding	119	1		—	—		359		—		—		—		—		360
Accretion of redeemable noncontrolling interests and equity	—	—		—	—		(68)		—		—		—		—		(68)
Reclassification of redeemable noncontrolling interests and equity	—	—		—	—		—		—		—		—		(1)		(1)
Net loss	—	—		—	—		—		(29,000)		—		—		(224)		(29,224)
Foreign currency translation adjustment, net of tax of $0	—	—		—	—		—		—		510,445		—		(2)		510,443
Minimum pension liability adjustment, net of tax of $0	—	—		—	—		—		—		27		—		—		27
Balance at June 30, 2021	114,786	$	619	73,542	$	294	$	3,763,855	$	(370,851)	$	(491,425)	$	(616,908)	$	(13,142)	$	2,272,442
Non-cash stock compensation	—	—		—	—		2,397		—		—		—		—		2,397
Conversion of Class B shares to Class A shares	7,188	29		(7,188)	(29)		—		—		—		—		—		—
Purchase of treasury stock at cost	(7,110)	—		—	—		—		—		—		(112,994)		—		(112,994)
Exercise of stock options and vesting of restricted stock, net of shares withheld to satisfy tax withholding	119	—		—	—		304		—		—		—		—		304
Change in noncontrolling interests	—	—		—	—		90		—		—		—		—		90
Net income	—	—		—	—		—		360,406		—		—		(269)		360,137
Special cash distribution accrued on outstanding common stock	—	—		—	—		(1,271,790)		—		—		—		—		(1,271,790)
Foreign currency translation adjustment, net of tax of $0	—	—		—	—		—		—		(22,648)		—		21		(22,627)
Balance at September 30, 2021	114,983	$	648	66,354	$	265	$	2,494,856	$	(10,445)	$	(514,073)	$	(729,902)	$	(13,390)	$	1,227,959

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 capital		Retained earnings		Accumulated other comprehensive loss		Treasury stock at cost		Non-controlling interests		Total stockholders’ equity
	Shares	Amount		Shares	Amount
Balance at December 31, 2019	119,575	$	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 shares	18	—		(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 withholding	1,101	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, 2020	119,075	$	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 withholding	132	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, 2020	119,207	$	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 withholding	63	—		—	—		(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, 2020	119,270	$	547	90,813	$	363	$	3,758,008	$	(556,141)	$	(1,065,270)	$	(300,309)	$	(12,618)	$	1,824,580

Schedule of accumulated other comprehensive income (loss)

The components of these balances were as follows:

	September 30, 2021						December 31, 2020
	Laureate Education, Inc.		Noncontrolling Interests		Total		Laureate Education, Inc.		Noncontrolling Interests		Total
Foreign currency translation adjustment	$	(523,402)	$	959	$	(522,443)	$	(951,456)	$	958	$	(950,498)
Unrealized gain on derivatives	10,416		—		10,416		10,416		—		10,416
Minimum pension liability adjustment	(1,087)		—		(1,087)		(946)		—		(946)
Accumulated other comprehensive loss	$	(514,073)	$	959	$	(513,114)	$	(941,986)	$	958	$	(941,028)