XML 66 R37.htm IDEA: XBRL DOCUMENT
v3.20.4

Discontinued Operations and Assets Held for Sale (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Summary of Major Classes of Assets And Liabilities Reclassified To Held For Sale | Summarized operating results and cash flows of the Discontinued Operations are presented in the following table:
For the years ended December 31, | 2020 | 2019 | 2018
Revenues | $ | 1,674,602 |  | $ | 2,539,995 |  | $ | 3,075,320 |
Depreciation and amortization expense | (60,378) |  | (111,376) |  | (155,430) |
Share-based compensation expense | (3,050) |  | (2,669) |  | (4,217) |
Other direct costs | (1,313,258) |  | (2,026,187) |  | (2,436,416) |
Loss on impairment of assets | (438,258) |  | (691) |  | (13,112) |
Other non-operating expense | (68,553) |  | (70,719) |  | (91,132) |
Gain on sale of discontinued operations before taxes, net | 25,048 |  | 793,475 |  | 293,114 |
Pretax (loss) income of discontinued operations | (183,847) |  | 1,121,828 |  | 668,127 |
Income tax expense | (114,257) |  | (33,681) |  | (105,880) |
(Loss) income from discontinued operations, net of tax | $ | (298,104) |  | $ | 1,088,147 |  | $ | 562,247 |
Operating cash flows of discontinued operations | $ | 288,271 |  | $ | 315,406 |  | $ | 396,042 |
Investing cash flows of discontinued operations | $ | (48,428) |  | $ | (99,725) |  | $ | (169,082) |
Financing cash flows of discontinued operations | $ | (969) |  | $ | (103,583) |  | $ | (61,622) |
The carrying amounts of the major classes of assets and liabilities that were classified as held for sale are presented in the following table:
| December 31, 2020 | December 31, 2019
Assets of Discontinued Operations |  |
Cash and cash equivalents | $ | 270,164 |  | $ | 333,455 |
Receivables, net | 113,386 |  | 209,704 |
Property and equipment, net | 259,471 |  | 784,198 |
Goodwill and tradenames | 1,202,496 |  | 1,668,971 |
Operating lease assets | 136,806 |  | 399,345 |
Other assets | 183,742 |  | 446,532 |
Valuation allowance on held-for-sale disposal groups | (248,630) |  | (43,079) |
Subtotal: assets of Discontinued Operations | $ | 1,917,435 |  | $ | 3,799,126 |
Other assets classified as Held for Sale |  |
Property and equipment, net | — |  | 8,403 |
Subtotal: other assets classified as held for sale | $ | — |  | $ | 8,403 |
Total assets held for sale | $ | 1,917,435 |  | $ | 3,807,529 |
| December 31, 2020 | December 31, 2019
Liabilities of Discontinued Operations |  |
Deferred revenue and student deposits | $ | 87,793 |  | $ | 176,255 |
Operating leases, including current portion | 151,413 |  | 388,202 |
Long-term debt, seller notes and finance leases, including current portion | 171,451 |  | 304,355 |
Other liabilities | 291,599 |  | 486,081 |
Total liabilities held for sale | $ | 702,256 |  | $ | 1,354,893 |
Disposal Groups, Including Discontinued Operations, Schedule of Asset Impairment | As a result of the impairment test, the Company determined that the carrying value of the Chile asset group exceeded its fair value by approximately $418,000 and recorded an impairment charge in that amount during the second quarter of 2020, as follows:
Goodwill and tradenames |  | $ | 238,400 |
Land and buildings |  | 80,600 |
Other long-lived assets |  | 36,500 |
Operating lease right-of-use assets, net |  | 62,500 |
Total Chile impairment |  | $ | 418,000 |

X
- Definition Disposal Groups, Including Discontinued Operations, Schedule of Asset Impairment + References No definition available. + Details
Name: | laur_DisposalGroupsIncludingDiscontinuedOperationsScheduleOfAssetImpairmentTableTextBlock
Namespace Prefix: | laur_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration