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Due to Shareholders of Acquired Companies | 6 Months Ended
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Jun. 30, 2020
Business Combinations [Abstract] |
Due to Shareholders of Acquired Companies | Due to Shareholders of Acquired Companies The amounts due to shareholders of acquired companies generally arise in connection with Laureate’s acquisition of a majority or all of the ownership interest of these companies. Promissory notes payable to the sellers of acquired companies, referred to as “seller notes,” are commonly used as a means of payment for business acquisitions. Seller note payments are classified as Payments of deferred purchase price for acquisitions within financing activities in our Consolidated Statements of Cash Flows. The amounts due to shareholders of acquired companies, currencies, and interest rates applied were as follows:
| June 30, 2020 | December 31, 2019 | Nominal Currency | Interest Rate %
Universidade Anhembi Morumbi (UAM Brazil) | $ | 15,814 |  | $ | 20,179 |  | BRL | CDI + 2%
Faculdade Porto-Alegrense (FAPA) | 184 |  | 230 |  | BRL | IGP-M
IADE Group | — |  | 1,109 |  | EUR | 3%
Total due to shareholders of acquired companies | 15,998 |  | 21,518 |  |  |
Less: Current portion of due to shareholders of acquired companies | 8,126 |  | 11,523 |  |  |
Due to shareholders of acquired companies, less current portion | $ | 7,872 |  | $ | 9,995 |  |  |
BRL: Brazilian Real |  | CDI: Certificados de Depósitos Interbancários (Brazil)
EUR: European Euro |  | IGP-M: General Index of Market Prices (Brazil)

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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