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Subsequent Events | 12 Months Ended
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Dec. 31, 2018
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Amendment of Sale Purchase Agreement for Inti Holdings As discussed in Note 4, Discontinued Operations and Assets Held for Sale, on January 17, 2019, the sale purchase agreement for Inti Holdings was amended in order to provide additional time for the purchaser to obtain all required regulatory approvals and, in addition, the parties agreed to reduce the total purchase price to $140,000. This would result in a net transaction value to the Company of $125,860, subject to customary closing adjustments. Sale of St. Augustine As discussed in Note 4, Discontinued Operations and Assets Held for Sale, the sale of St. Augustine was completed on February 1, 2019 and the net proceeds were used to repay outstanding indebtedness under the 2024 Term Loan and the Revolving Credit Facility. Stamford International University On February 12, 2019, LEI Singapore Holdings Pte. Ltd., a Singapore corporation (LEI Singapore), an indirect wholly owned subsidiary of the Company, and Laureate I B.V., a Netherlands corporation, an indirect wholly owned subsidiary of the Company, entered into a share sale and purchase agreement (the Thailand Sale & Purchase Agreement) with China YuHua Education Investment Limited, a British Virgin Islands corporation (YuHua), and China YuHua Education Corporation Limited, a Cayman Islands corporation (the YuHua Guarantor). Pursuant to the Thailand Sale & Purchase Agreement, YuHua agreed to purchase from LEI Singapore all of LEI Singapore’s interests in the issued share capital of Thai Education Holdings Company Limited, a Thailand corporation (TEDCO) and in Far East Stamford International Co. Ltd. (FES), a Thailand corporation. Laureate I B.V. agreed to guarantee certain obligations of LEI Singapore under the agreement and the YuHua Guarantor agreed to guarantee certain obligations of YuHua under the agreement. TEDCO is the owner of a controlling interest in FES, which is the license holder for Stamford International University, a member of the Laureate International Universities network with three campuses in Thailand. The total purchase price under the Thailand Sale & Purchase Agreement was approximately $35,300, and net proceeds to LEI Singapore were approximately $27,900, net of debt assumed by YuHua and other customary closing adjustments. The transaction closed on the same date. Of the $27,900 in net proceeds, LEI Singapore received $23,700 at closing. The balance of $4,200 will be payable upon satisfaction of certain post-closing requirements.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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