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Earnings (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of earnings per share, basic and diluted
The following tables summarize the computations of basic and diluted earnings per share:
For the three months ended June 30,
2018
 
2017
Numerator used in basic and diluted earnings per common share:
 
 
 
Income from continuing operations attributable to Laureate Education, Inc.
$
224,410

 
$
116,386

 
 
 
 
Accretion of redemption value of redeemable noncontrolling interests and equity
882

 
(6,352
)
Adjusted for: accretion related to noncontrolling interests and equity redeemable at fair value
(556
)
 
(919
)
Accretion of Series A Preferred Stock
(4,650
)
 
(61,934
)
Gain upon conversion of Series A Preferred Stock
74,110

 
—

Distributed and undistributed earnings to participating securities
—

 
(7
)
Subtotal: accretion of Series A Preferred Stock, net and other redeemable noncontrolling interests and equity
69,786

 
(69,212
)
Net income available to common stockholders for basic earnings per share
$
294,196

 
$
47,174

  Adjusted for: accretion of Series A Preferred Stock
4,650

 
—

  Adjusted for: gain upon conversion of Series A Preferred Stock
(74,110
)
 
—

Net income available to common stockholders for diluted earnings per share
$
224,736

 
$
47,174

 
 
 
 
Denominator used in basic and diluted earnings per common share:
 
 
 
Basic weighted average shares outstanding
214,864

 
168,591

Dilutive effect of Series A Preferred Stock
9,135

 
—

Dilutive effect of stock options
—

 
—

Dilutive effect of restricted stock units
355

 
66

Diluted weighted average shares outstanding
224,354

 
168,657

 
 
 
 
Basic and diluted earnings per share:
 
 
 
Basic earnings per share
$
1.37

 
$
0.28

Diluted earnings per share
$
1.00

 
$
0.28



For the six months ended June 30,
2018
 
2017
Numerator used in basic and diluted earnings (loss) per common share:
 
 
 
Income (loss) from continuing operations attributable to Laureate Education, Inc.
$
393,289

 
$
(6,422
)
 
 
 
 
Accretion of redemption value of redeemable noncontrolling interests and equity
806

 
(530
)
Adjusted for: accretion related to noncontrolling interests and equity redeemable at fair value
(559
)
 
(6,357
)
Accretion of Series A Preferred Stock
(61,974
)
 
(101,194
)
Gain upon conversion of Series A Preferred Stock
74,110

 
—

Distributed and undistributed earnings to participating securities
—

 
—

Subtotal: accretion of Series A Preferred Stock, net and other redeemable noncontrolling interests and equity
12,383

 
(108,081
)
Net income (loss) available to common stockholders for basic earnings per share
$
405,672

 
$
(114,503
)
  Adjusted for: accretion of Series A Preferred Stock
61,974

 
—

  Adjusted for: gain upon conversion of Series A Preferred Stock
(74,110
)
 
—

Net income (loss) available to common stockholders for diluted earnings per share
$
393,536

 
$
(114,503
)
 
 
 
 
Denominator used in basic and diluted earnings (loss) per common share:
 
 
 
Basic weighted average shares outstanding
201,494

 
161,620

Dilutive effect of Series A Preferred Stock
22,564

 
—

Dilutive effect of stock options
—

 
—

Dilutive effect of restricted stock units
416

 
—

Diluted weighted average shares outstanding
224,474

 
161,620

 
 
 
 
Basic and diluted earnings (loss) per share:
 
 
 
Basic earnings (loss) per share
$
2.01

 
$
(0.71
)
Diluted earnings (loss) per share
$
1.75

 
$
(0.71
)
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 that were excluded from the diluted EPS calculations because the effect would have been antidilutive:
 
For the three months ended June 30,
 
For the six months ended June 30,
 
2018
 
2017
 
2018
 
2017
Stock options
9,714

 
13,149

 
9,779

 
12,724

Restricted stock
131

 
173

 
169

 
529