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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 126,226 $ 89,392
Restricted cash 7,616 7,505
Receivables:    
Accounts and notes receivable 159,145 173,571
Other receivables 8,417 3,509
Allowance for doubtful accounts (85,418) (84,967)
Receivables, net 82,144 92,113
Income tax receivable 12,278 15,224
Prepaid expenses and other current assets 33,427 19,284
Current assets held for sale 756 889
Total current assets 262,447 224,407
Property and equipment:    
Land 139,289 129,229
Buildings 377,868 377,954
Furniture, equipment and software 559,968 556,134
Leasehold improvements 143,978 137,171
Construction in-progress 18,900 22,673
Accumulated depreciation and amortization (672,538) (660,935)
Property and equipment, net 567,465 562,226
Operating lease right-of-use assets, net 364,114 371,611
Goodwill 672,502 661,482
Tradenames, net 171,305 169,183
Deferred costs, net 4,781 4,981
Deferred income taxes 71,321 71,426
Other assets 46,430 44,896
Long-term assets held for sale 16,022 15,404
Total assets 2,176,387 2,125,616
Current liabilities:    
Accounts payable 35,824 43,239
Accrued expenses 72,696 69,464
Accrued compensation and benefits 79,263 96,652
Deferred revenue and student deposits 121,305 69,351
Current portion of operating leases 59,086 57,514
Current portion of long-term debt and finance leases 49,411 52,828
Income taxes payable 29,027 40,204
Other current liabilities 26,352 22,714
Current liabilities held for sale 1,177 1,248
Total current liabilities 474,141 453,214
Long-term operating leases, less current portion 342,983 360,120
Long-term debt and finance leases, less current portion 176,551 112,241
Deferred compensation 9,636 9,511
Income taxes payable 137,505 140,492
Deferred income taxes 57,219 56,490
Other long-term liabilities 35,326 34,151
Long-term liabilities held for sale 10,418 10,259
Total liabilities 1,243,779 1,176,478
Redeemable equity 1,398 1,398
Stockholders' equity:    
Common stock, par value $0.004 per share – 700,000 shares authorized, 155,160 shares issued and outstanding as of March 31, 2024 and 157,586 shares issued and outstanding as of December 31, 2023 621 630
Additional paid-in capital 1,160,865 1,179,721
Retained earnings 17,411 41,862
Accumulated other comprehensive loss (245,261) (272,144)
Total Laureate Education, Inc. stockholders' equity 933,636 950,069
Noncontrolling interests (2,426) (2,329)
Total stockholders' equity 931,210 947,740
Total liabilities and stockholders' equity $ 2,176,387 $ 2,125,616