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Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2018

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, 2018 were as follows:

	Total				Level 1				Level 2				Level 3
Assets
Derivative instruments	$	15,410			$	—			$	—			$	15,410
Liabilities
Derivative instruments	$	7,716			$	—			$	—			$	7,716

Laureate’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2017 were as follows:

	Total				Level 1				Level 2				Level 3
Assets
Derivative instruments	$	48,186			$	—			$	—			$	48,186
Liabilities
Derivative instruments	$	13,848			$	—			$	—			$	13,848

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, 2018 were as follows:

	Total Assets (Liabilities)
Balance December 31, 2017	$	34,338
(Loss) Gain included in earnings:
Unrealized losses, net	(37,679		)
Realized gains, net	129,935
Included in other comprehensive income	12,336
Settlements	10,384
Reclassification upon conversion of Series A Preferred Stock	(140,319		)
Currency translation adjustment and other	(1,301		)
Balance June 30, 2018	$	7,694
Unrealized loss, net, relating to derivatives held at June 30, 2018	$	(37,679	)

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, 2018:

	Fair Value at June 30, 2018				Valuation Technique		Unobservable Input		Range/Input Value
Derivative instruments - cross currency and interest rate swaps	$	7,694			Discounted Cash Flow		Credit Risk		3.55	%

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, 2018:

	Fair Value at June 30, 2018				Valuation Technique		Unobservable Input		Range/Input Value
Derivative instruments - cross currency and interest rate swaps	$	7,694			Discounted Cash Flow		Credit Risk		3.55	%

X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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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

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