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Earnings (Loss) Per Share (Tables) | 9 Months Ended
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Sep. 30, 2019
Earnings Per Share [Abstract] |
Schedule of earnings per share, basic and diluted | The following tables summarize the computations of basic and diluted earnings (loss) per share:
For the three months ended September 30, | 2019 |  | 2018
Numerator used in basic and diluted earnings (loss) per common share for continuing operations: |  |  |
Loss from continuing operations | $ | (28,526 | ) |  | $ | (40,353 | )
Net (income) loss attributable to noncontrolling interests | (12 | ) |  | 12 |
Loss from continuing operations attributable to Laureate Education, Inc. | (28,538 | ) |  | (40,341 | )
Accretion of redemption value of redeemable noncontrolling interests and equity | (193 | ) |  | 324 |
Net loss from continuing operations available to common stockholders for basic and diluted earnings (loss) per share | (28,731 | ) |  | (40,017 | )
Numerator used in basic and diluted earnings (loss) per common share for discontinued operations: |  |  |
Loss from discontinued operations, net of tax | $ | (27,137 | ) |  | $ | (37,905 | )
Loss on sales of discontinued operations, net of tax | (41,131 | ) |  | (18,426 | )
Loss attributable to noncontrolling interests | 1,580 |  |  | 1,883 |
Net loss from discontinued operations for basic and diluted earnings (loss) per share | $ | (66,688 | ) |  | $ | (54,448 | )
Denominator used in basic and diluted earnings (loss) per common share: |  |  |
Basic and diluted weighted average shares outstanding | 224,193 |  |  | 224,037 |
Basic and diluted loss per share: |  |  |
Loss from continuing operations | $ | (0.13 | ) |  | $ | (0.18 | )
Loss from discontinued operations | (0.30 | ) |  | (0.24 | )
Basic and diluted loss per share | $ | (0.43 | ) |  | $ | (0.42 | )
For the nine months ended September 30, | 2019 |  | 2018
Numerator used in basic and diluted earnings (loss) per common share for continuing operations: |  |  |
Loss from continuing operations | $ | (37,775 | ) |  | $ | (36,641 | )
Net income attributable to noncontrolling interests | (61 | ) |  | (78 | )
Loss from continuing operations attributable to Laureate Education, Inc. | (37,836 | ) |  | (36,719 | )
Accretion of redemption value of redeemable noncontrolling interests and equity | 264 |  |  | 1,130 |
Adjusted for: accretion related to noncontrolling interests and equity redeemable at fair value | — |  |  | (559 | )
Accretion of Series A Preferred Stock | — |  |  | (61,974 | )
Gain upon conversion of Series A Preferred Stock | — |  |  | 74,110 |
Subtotal: accretion of other redeemable noncontrolling interests and equity and Series A Preferred Stock, net | 264 |  |  | 12,707 |
Net loss available to common stockholders for basic earnings (loss) per share | $ | (37,572 | ) |  | $ | (24,012 | )
Adjusted for: accretion of Series A Preferred Stock | — |  |  | 61,974 |
Adjusted for: gain upon conversion of Series A Preferred Stock | — |  |  | (74,110 | )
Net loss from continuing operations available to common stockholders for diluted earnings (loss) per share | $ | (37,572 | ) |  | $ | (36,148 | )
Numerator used in basic and diluted earnings (loss) per common share for discontinued operations: |  |  |
Income from discontinued operations, net of tax | $ | 66,472 |  |  | $ | 23,551 |
Gain on sales of discontinued operations, net of tax | 848,390 |  |  | 311,904 |
Loss (income) attributable to noncontrolling interests | 583 |  |  | (237 | )
Net income from discontinued operations for basic and diluted earnings (loss) per share | $ | 915,445 |  |  | $ | 335,218 |
Denominator used in basic and diluted earnings (loss) per common share: |  |  |
Basic and diluted weighted average shares outstanding | 224,498 |  |  | 209,129 |
Basic earnings (loss) per share: |  |  |
Loss from continuing operations | $ | (0.17 | ) |  | $ | (0.11 | )
Income from discontinued operations | 4.08 |  |  | 1.60 |
Basic earnings per share | $ | 3.91 |  |  | $ | 1.49 |
Diluted earnings (loss) per share: |  |  |
Loss from continuing operations | $ | (0.17 | ) |  | $ | (0.17 | )
Income from discontinued operations | 4.08 |  |  | 1.60 |
Diluted earnings per share | $ | 3.91 |  |  | $ | 1.43 |
Schedule of antidilutive securities excluded from computation of earnings per share | The following table summarizes the number of stock options, shares of restricted stock and restricted stock units (RSUs) that were excluded from the diluted EPS calculations because the effect would have been antidilutive:
| For the three months ended September 30, |  | For the nine months ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Stock options | 8,650 |  |  | 9,328 |  |  | 8,956 |  |  | 9,628 |
Restricted stock and RSUs | 733 |  |  | 931 |  |  | 854 |  |  | 1,034 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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