Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

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,	2022		2021
Numerator used in basic and diluted earnings (loss) per common share for continuing operations:
Income (loss) from continuing operations	$	31,852	$	(10,390)
Loss (income) attributable to noncontrolling interests	81		(17)
Net income (loss) from continuing operations for basic and diluted earnings (loss) per share	$	31,933	$	(10,407)
Numerator used in basic and diluted earnings (loss) per common share for discontinued operations:
(Loss) income from discontinued operations, net of tax	$	(816)	$	370,527
Loss attributable to noncontrolling interests	—		286
Net (loss) income from discontinued operations for basic and diluted earnings (loss) per share	$	(816)	$	370,813
Denominator used in basic and diluted earnings (loss) per common share:
Basic weighted average shares outstanding	164,645		185,569
Dilutive effect of stock options	221		—
Dilutive effect of restricted stock units	149		—
Diluted weighted average shares outstanding	165,015		185,569
Basic and diluted earnings (loss) per share:
Income (loss) from continuing operations	$	0.19	$	(0.06)
Income from discontinued operations	—		2.00
Basic and diluted earnings per share	$	0.19	$	1.94

For the nine months ended September 30,	2022		2021
Numerator used in basic and diluted earnings (loss) per common share for continuing operations:
Income (loss) from continuing operations	$	25,851	$	(290,800)
Loss attributable to noncontrolling interests	414		9
Income (loss) from continuing operations attributable to Laureate Education, Inc.	26,265		(290,791)
Accretion of redemption value of redeemable noncontrolling interests and equity	—		(88)
Net income (loss) from continuing operations for basic and diluted earnings (loss) per share	$	26,265	$	(290,879)
Numerator used in basic and diluted earnings (loss) per common share for discontinued operations:
Income from discontinued operations, net of tax	$	4,064	$	456,770
Loss attributable to noncontrolling interests	—		499
Net income from discontinued operations for basic and diluted earnings (loss) per share	$	4,064	$	457,269
Denominator used in basic and diluted earnings (loss) per common share:
Basic weighted average shares outstanding	169,885		192,543
Dilutive effect of stock options	302		—
Dilutive effect of restricted stock units	173		—
Diluted weighted average shares outstanding	170,360		192,543
Basic and diluted earnings (loss) per share:
Income (loss) from continuing operations	$	0.15	$	(1.51)
Income from discontinued operations	0.02		2.37
Basic and diluted earnings per share	$	0.17	$	0.86

Schedule of antidilutive securities excluded from computation of earnings per share

The following table summarizes the number of stock options and shares of restricted stock units 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,
	2022	2021	2022	2021
Stock options	14	2,845	54	3,162
Restricted stock units	284	687	239	698