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Financing Receivables (Tables) | 9 Months Ended
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Sep. 30, 2017
Receivables [Abstract] |
Schedule of financing receivable | Laureate’s financing receivables balances were as follows:
| September 30, 2017 |  | December 31, 2016
Financing receivables | $ | 36,501 |  |  | $ | 29,776 |
Allowance for doubtful accounts | (8,289 | ) |  | (9,175 | )
Financing receivables, net of allowances | $ | 28,212 |  |  | $ | 20,601 |
Summary of aging of financing receivables by country | The aging of financing receivables grouped by country portfolio was as follows:
| Chile |  | Other |  | Total
As of September 30, 2017 |  |  |  |  |
Amounts past due less than one year | $ | 11,317 |  |  | $ | 843 |  |  | $ | 12,160 |
Amounts past due one year or greater | 3,850 |  |  | 1,424 |  |  | 5,274 |
Total past due (on non-accrual status) | 15,167 |  |  | 2,267 |  |  | 17,434 |
Not past due | 16,564 |  |  | 2,503 |  |  | 19,067 |
Total financing receivables | $ | 31,731 |  |  | $ | 4,770 |  |  | $ | 36,501 |
As of December 31, 2016 |  |  |  |  |
Amounts past due less than one year | $ | 8,711 |  |  | $ | 834 |  |  | $ | 9,545 |
Amounts past due one year or greater | 3,899 |  |  | 1,482 |  |  | 5,381 |
Total past due (on non-accrual status) | 12,610 |  |  | 2,316 |  |  | 14,926 |
Not past due | 11,758 |  |  | 3,092 |  |  | 14,850 |
Total financing receivables | $ | 24,368 |  |  | $ | 5,408 |  |  | $ | 29,776 |
Summary of allowance for credit losses on financing receivables | The following is a rollforward of the Allowance for doubtful accounts related to financing receivables for the nine months ended September 30, 2017 and 2016, grouped by country portfolio:
| Chile |  | Other |  | Total
Balance at December 31, 2016 | $ | (6,209 | ) |  | $ | (2,966 | ) |  | $ | (9,175 | )
Charge-offs | 2,798 |  |  | 330 |  |  | 3,128 |
Recoveries | — |  |  | (36 | ) |  | (36 | )
Reclassifications | — |  |  | 69 |  |  | 69 |
Provision | (2,089 | ) |  | 93 |  |  | (1,996 | )
Currency adjustments | (360 | ) |  | 81 |  |  | (279 | )
Balance at September 30, 2017 | $ | (5,860 | ) |  | $ | (2,429 | ) |  | $ | (8,289 | )
Balance at December 31, 2015 | $ | (7,240 | ) |  | $ | (3,336 | ) |  | $ | (10,576 | )
Charge-offs | 3,525 |  |  | 104 |  |  | 3,629 |
Recoveries | — |  |  | (46 | ) |  | (46 | )
Reclassifications | — |  |  | — |  |  | — |
Provision | (2,152 | ) |  | 181 |  |  | (1,971 | )
Currency adjustments | (387 | ) |  | 97 |  |  | (290 | )
Balance at September 30, 2016 | $ | (6,254 | ) |  | $ | (3,000 | ) |  | $ | (9,254 | )
Summary of troubled debt restructuring | The number of financing receivable accounts and the pre- and post-modification account balances modified under the terms of a TDR during the nine months ended September 30, 2017 and 2016 were as follows:
| Number of Financing Receivable Accounts |  | Pre-Modification Balance Outstanding |  | Post-Modification Balance Outstanding
2017 | 355 |  |  | $ | 1,838 |  |  | $ | 1,655 |
2016 | 559 |  |  | $ | 8,615 |  |  | $ | 5,986 |
The preceding table represents accounts modified under the terms of a TDR during the nine months ended September 30, 2017, whereas the following table represents accounts modified as a TDR between January 1, 2016 and September 30, 2017 that subsequently defaulted during the nine months ended September 30, 2017:
| Number of Financing Receivable Accounts |  | Balance at Default
Total | 156 |  |  | $ | 721 |
The following table represents accounts modified as a TDR between January 1, 2015 and September 30, 2016 that subsequently defaulted during the nine months ended September 30, 2016:
| Number of Financing Receivable Accounts |  | Balance at Default
Total | 355 |  |  | $ | 1,089 |

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953401-111524 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Tabular disclosure of financing receivables and troubled debt restructurings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953676-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953682-111524 + Details
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