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Due to Shareholders of Acquired Companies | 6 Months Ended
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Jun. 30, 2018
Business Combinations [Abstract] |
Due to Shareholders of Acquired Companies | Due to Shareholders of Acquired Companies The amounts due to shareholders of acquired companies generally arise in connection with Laureate’s acquisition of a majority or all of the ownership interest of these companies. Promissory notes payable to the sellers of acquired companies, referred to as “seller notes,” are commonly used as a means of payment for business acquisitions. Seller note payments are classified as Payments of deferred purchase price for acquisitions within financing activities in our Consolidated Statements of Cash Flows. The amounts due to shareholders of acquired companies, currencies, and interest rates applied were as follows:
| June 30, 2018 | December 31, 2017 | Nominal Currency | Interest Rate %
Universidade Anhembi Morumbi (UAM Brazil) | $ | 41,229 |  | $ | 45,206 |  | BRL | CDI + 2%
University of St. Augustine for Health Sciences, LLC (St. Augustine) | 11,550 |  | 11,550 |  | USD | 7%
Universidad Tecnologica Centroamericana (UNITEC Honduras) | 3,016 |  | 3,813 |  | HNL | IIBC
Faculdade Porto-Alegrense (FAPA) | 2,906 |  | 3,084 |  | BRL | IGP-M
IADE Group | 1,166 |  | 2,374 |  | EUR | 3%
Monash South Africa (MSA) | — |  | 9,571 |  | AUD | n/a
CH Holding Netherlands B.V. (CH Holding) | — |  | 3,971 |  | USD | n/a
Total due to shareholders of acquired companies | 59,867 |  | 79,569 |  |  |
Less: Current portion of due to shareholders of acquired companies | 24,483 |  | 40,140 |  |  |
Due to shareholders of acquired companies, less current portion | $ | 35,384 |  | $ | 39,429 |  |  |
AUD: Australian Dollar |  | CDI: Certificados de Depósitos Interbancários (Brazil)
BRL: Brazilian Real |  | IIBC: Índice de Inflación del Banco Central (Honduras)
EUR: European Euro |  | IGP-M: General Index of Market Prices (Brazil)
HNL: Honduran Lempira |  |
USD: United States Dollar |  |
MSA During the second quarter of 2018, the conditions required for resolution of the MSA earnout were completed and the seller note liability was reversed as the criteria for payment was not met.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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