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Fair Value Measurement (Tables) | 6 Months Ended
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Jun. 30, 2017
Fair Value Disclosures [Abstract] |
Summary of financial assets and liabilities measured at fair value on a recurring basis | Laureate’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2017 were as follows:
| Total |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |
Derivative instruments | $ | 49,171 |  |  | $ | — |  |  | $ | — |  |  | $ | 49,171 |
Liabilities |  |  |  |  |  |  |
Derivative instruments | $ | 7,941 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,941 |
Laureate’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2016 were as follows:
| Total |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |
Derivative instruments | $ | 4,464 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,464 |
Liabilities |  |  |  |  |  |  |
Derivative instruments | $ | 12,968 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,968 |
Summary of the change in Level 3 derivatives instruments | The changes in our Level 3 Derivative instruments measured at fair value on a recurring basis for the six months ended June 30, 2017 were as follows:
| Total Assets (Liabilities)
Balance December 31, 2016 | $ | (8,504 | )
Gain (loss) included in earnings: |
Unrealized gains, net | 39,386 |
Realized losses, net | (269 | )
Included in other comprehensive income | 6,099 |
Included in issuance of Series A convertible redeemable Preferred Stock | 4,384 |
Settlements | 269 |
Currency translation adjustment | (135 | )
Balance June 30, 2017 | $ | 41,230 |
Unrealized gain, net relating to derivatives held at June 30, 2017 | $ | 39,386 |
Fair value inputs, liabilities, quantitative information | The following table presents quantitative information regarding the significant unobservable inputs utilized in the fair value measurements of the Company's assets/(liabilities) classified as Level 3 as of June 30, 2017:
| Fair Value at June 30, 2017 |  | Valuation Technique |  | Unobservable Input |  | Range/Input Value
Contingent redemption features - Series A Preferred Stock | $ | 48,290 |  |  | Monte Carlo Simulation Method |  | Credit Risk |  | 5.45 | %
Derivative instruments - cross currency and interest rate swaps | $ | (7,060 | ) |  | Discounted Cash Flow |  | Credit Risk |  | 4.41 | %
Fair value inputs, assets, quantitative information | The following table presents quantitative information regarding the significant unobservable inputs utilized in the fair value measurements of the Company's assets/(liabilities) classified as Level 3 as of June 30, 2017:
| Fair Value at June 30, 2017 |  | Valuation Technique |  | Unobservable Input |  | Range/Input Value
Contingent redemption features - Series A Preferred Stock | $ | 48,290 |  |  | Monte Carlo Simulation Method |  | Credit Risk |  | 5.45 | %
Derivative instruments - cross currency and interest rate swaps | $ | (7,060 | ) |  | Discounted Cash Flow |  | Credit Risk |  | 4.41 | %

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=66048111&loc=SL7498348-110258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of liabilities. This disclosure may include, but is not limited to, the fair value of the liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 + Details
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