XML 73 R51.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Earnings (Loss) Per Share (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
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 years ended December 31, | 2019 |  | 2018 |  | 2017
Numerator used in basic and diluted earnings (loss) per common share for continuing operations: |  |  |  |  |
Income (loss) from continuing operations | $ | 13,961 |  |  | $ | (10,534 | ) |  | $ | 16,374 |
Net income attributable to noncontrolling interests | (99 | ) |  | (141 | ) |  | (79 | )
Income (loss) from continuing operations attributable to Laureate Education, Inc. | 13,862 |  |  | (10,675 | ) |  | 16,295 |
Accretion of redemption value of redeemable noncontrolling interests and equity | (208 | ) |  | (292 | ) |  | 317 |
Adjusted for: accretion related to noncontrolling interests and equity redeemable at fair value | — |  |  | (559 | ) |  | (6,358 | )
Accretion of Series A Preferred Stock | — |  |  | (61,974 | ) |  | (292,450 | )
Gain upon conversion of Series A Preferred Stock | — |  |  | 74,110 |  |  | — |
Distributed and undistributed earnings to participating securities | — |  |  | — |  |  | (1 | )
Subtotal: accretion of Series A Preferred Stock, net, and other redeemable noncontrolling interests and equity | (208 | ) |  | 11,285 |  |  | (298,492 | )
Net income (loss) from continuing operations available to common stockholders for basic earnings per share | 13,654 |  |  | 610 |  |  | (282,197 | )
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) from continuing operations available to common stockholders for diluted earnings per share | $ | 13,654 |  |  | $ | (11,526 | ) |  | $ | (282,197 | )
Numerator used in basic and diluted earnings (loss) per common share for discontinued operations: |  |  |  |  |
Income from discontinued operations, net of tax | $ | 53,941 |  |  | $ | 84,884 |  |  | $ | 77,390 |
Gain on sale of discontinued operations, net of tax | 869,762 |  |  | 296,580 |  |  | — |
Loss (income) attributable to noncontrolling interests | 919 |  |  | (722 | ) |  | (2,220 | )
Allocation of earnings from discontinued operations to participating securities | — |  |  | — |  |  | (5 | )
Net income from discontinued operations for basic and diluted earnings per share | $ | 924,622 |  |  | $ | 380,742 |  |  | $ | 75,165 |
Denominator used in basic and diluted earnings (loss) per common share: |  |  |  |  |
Basic weighted average shares outstanding | 221,928 |  |  | 212,769 |  |  | 172,409 |
Effect of dilutive stock options | 27 |  |  | — |  |  | — |
Effect of dilutive restricted stock units | 516 |  |  | — |  |  | — |
Dilutive weighted average shares outstanding | 222,471 |  |  | 212,769 |  |  | 172,409 |
Basic earnings (loss) per share: |  |  |  |  |
Income (loss) from continuing operations | $ | 0.06 |  |  | $ | — |  |  | $ | (1.64 | )
Income from discontinued operations | 4.17 |  |  | 1.79 |  |  | 0.44 |
Basic earnings (loss) per share | $ | 4.23 |  |  | $ | 1.79 |  |  | $ | (1.20 | )
Diluted earnings (loss) per share: |  |  |  |  |
Income (loss) from continuing operations | $ | 0.06 |  |  | $ | (0.06 | ) |  | $ | (1.64 | )
Income from discontinued operations | 4.16 |  |  | 1.79 |  |  | 0.44 |
Diluted earnings (loss) per share | $ | 4.22 |  |  | $ | 1.73 |  |  | $ | (1.20 | )
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 years ended December 31, | 2019 |  | 2018 |  | 2017
Stock options | 8,512 |  |  | 9,387 |  |  | 12,497 |
Restricted stock and RSUs | 6 |  |  | 1,300 |  |  | 986 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration