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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited) The following quarterly financial information reflects all normal recurring adjustments that are, in the opinion of management, necessary for a fair statement of the results of the interim periods. Earnings per share are computed independently for each of the quarters presented. Per share amounts may not sum due to rounding. Summarized quarterly operating data were as follows:
| 2018 Quarters Ended
Per share amounts in whole dollars | December 31 |  | September 30 |  | June 30 |  | March 31
Revenues | $ | 913,710 |  |  | $ | 787,102 |  |  | $ | 1,017,196 |  |  | $ | 632,216 |
Operating costs and expenses | 773,903 |  |  | 761,526 |  |  | 798,978 |  |  | 724,835 |
Operating income (loss) | $ | 139,807 |  |  | $ | 25,576 |  |  | $ | 218,218 |  |  | $ | (92,619 | )
Income (loss) from continuing operations | $ | 30,819 |  |  | $ | (43,792 | ) |  | $ | 173,880 |  |  | $ | (165,637 | )
Income (loss) from discontinued operations, net of tax | 56,621 |  |  | (34,466 | ) |  | 38,072 |  |  | 18,853 |
(Loss) gain on sales of discontinued operations, net of tax | (15,324 | ) |  | (18,426 | ) |  | 12,003 |  |  | 318,327 |
Net (income) loss attributable to noncontrolling interests | (548 | ) |  | 1,895 |  |  | 456 |  |  | (2,666 | )
Net income (loss) attributable to Laureate Education, Inc. | 71,568 |  |  | (94,789 | ) |  | 224,411 |  |  | 168,877 |
Accretion of Series A Preferred Stock and other redeemable noncontrolling interests and equity | (1,422 | ) |  | 324 |  |  | (4,324 | ) |  | (57,403 | )
Gain upon conversion of Series A Preferred Stock | — |  |  | — |  |  | 74,110 |  |  | — |
Net income (loss) available to common stockholders | $ | 70,146 |  |  | $ | (94,465 | ) |  | $ | 294,197 |  |  | $ | 111,474 |
Basic earnings (loss) per share: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.13 |  |  | $ | (0.18 | ) |  | $ | 1.14 |  |  | $ | (1.20 | )
Income (loss) from discontinued operations | 0.18 |  |  | (0.24 | ) |  | 0.23 |  |  | 1.79 |
Basic earnings (loss) per share | $ | 0.31 |  |  | $ | (0.42 | ) |  | $ | 1.37 |  |  | $ | 0.59 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.13 |  |  | $ | (0.18 | ) |  | $ | 0.78 |  |  | $ | (1.20 | )
Income (loss) from discontinued operations | 0.18 |  |  | (0.24 | ) |  | 0.22 |  |  | 1.79 |
Diluted earnings (loss) per share | $ | 0.31 |  |  | $ | (0.42 | ) |  | $ | 1.00 |  |  | $ | 0.59 |
Laureate adopted ASU 2016-16 effective January 1, 2018 and recorded a cumulative-effect adjustment to retained earnings during 2018 of approximately $44,000, of which approximately $41,000 was recorded as an out-of-period adjustment in the fourth quarter rather than at adoption of ASU 2016-16 in the first quarter. The Company does not consider the out-of-period adjustment to be material to these or the previously issued unaudited Consolidated Financial Statements.
| 2017 Quarters Ended
Per share amounts in whole dollars | December 31 |  | September 30 |  | June 30 |  | March 31
Revenues | $ | 951,189 |  |  | $ | 818,601 |  |  | $ | 1,017,108 |  |  | $ | 598,978 |
Operating costs and expenses | 811,073 |  |  | 793,741 |  |  | 821,061 |  |  | 718,008 |
Operating income (loss) | $ | 140,116 |  |  | $ | 24,860 |  |  | $ | 196,047 |  |  | $ | (119,030 | )
Income (loss) from continuing operations | $ | 171,631 |  |  | $ | (67,180 | ) |  | $ | 83,154 |  |  | $ | (166,767 | )
Income (loss) from discontinued operations, net of tax | 28,879 |  |  | (36,309 | ) |  | 33,943 |  |  | 46,413 |
Net income (loss) attributable to noncontrolling interests | (4,664 | ) |  | 5,531 |  |  | (712 | ) |  | (2,454 | )
Net income (loss) attributable to Laureate Education, Inc. | 195,846 |  |  | (97,958 | ) |  | 116,385 |  |  | (122,808 | )
Accretion of Series A Preferred Stock and other redeemable noncontrolling interests and equity | (106,347 | ) |  | (84,059 | ) |  | (69,211 | ) |  | (38,875 | )
Net income (loss) available to common stockholders | $ | 89,499 |  |  | $ | (182,017 | ) |  | $ | 47,174 |  |  | $ | (161,683 | )
Basic earnings (loss) per share: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.34 |  |  | $ | (0.82 | ) |  | $ | 0.09 |  |  | $ | (1.34 | )
Income (loss) from discontinued operations | 0.14 |  |  | (0.20 | ) |  | 0.19 |  |  | 0.29 |
Basic earnings (loss) per share | $ | 0.48 |  |  | $ | (1.02 | ) |  | $ | 0.28 |  |  | $ | (1.05 | )
Diluted earnings (loss) per share: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.34 |  |  | $ | (0.82 | ) |  | $ | 0.09 |  |  | $ | (1.34 | )
Income (loss) from discontinued operations | 0.14 |  |  | (0.20 | ) |  | 0.19 |  |  | 0.29 |
Diluted earnings (loss) per share | $ | 0.48 |  |  | $ | (1.02 | ) |  | $ | 0.28 |  |  | $ | (1.05 | )

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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