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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 561,330 $ 750,147
Restricted cash 106,633 117,151
Receivables:    
Accounts and notes receivable 110,504 138,738
Other receivables 70,223 49,835
Allowance for doubtful accounts (65,602) (76,694)
Receivables, net 115,125 111,879
Income tax receivable 14,801 14,564
Derivative instruments 21,800 0
Prepaid expenses and other current assets 23,795 15,079
Current assets held for sale 467,786 434,966
Total current assets 1,311,270 1,443,786
Notes receivable, net 1,197 1,321
Property and equipment:    
Land 121,699 126,228
Buildings 338,961 351,480
Furniture, equipment and software 479,551 494,079
Leasehold improvements 118,463 121,683
Construction in-progress 5,070 7,254
Accumulated depreciation and amortization (520,782) (522,240)
Property and equipment, net 542,962 578,484
Operating lease right-of-use assets, net 428,183 462,767
Land use rights, net 1,485 1,548
Goodwill 551,753 574,832
Tradenames 164,059 225,573
Deferred costs, net 16,271 17,623
Deferred income taxes 90,649 130,567
Other assets 37,959 51,924
Long-term assets held for sale 1,338,260 1,482,469
Total assets 4,484,048 4,970,894
Current liabilities:    
Accounts payable 30,013 41,073
Accrued expenses 103,171 95,743
Accrued compensation and benefits 45,496 64,089
Deferred revenue and student deposits 85,881 47,180
Current portion of operating leases 45,095 44,631
Current portion of long-term debt and finance leases 62,805 95,818
Income taxes payable 72,829 29,682
Derivative instruments 0 17,680
Other current liabilities 16,252 15,109
Current liabilities held for sale 335,964 353,550
Total current liabilities 797,506 804,555
Long-term operating leases, less current portion 430,950 474,507
Long-term debt and finance leases, less current portion 888,181 899,898
Deferred compensation 13,493 13,425
Income taxes payable 48,775 36,078
Deferred income taxes 99,601 86,368
Derivative instruments 0 8,144
Other long-term liabilities 32,563 33,555
Long-term liabilities held for sale 277,746 348,706
Total liabilities 2,588,815 2,705,236
Redeemable noncontrolling interests and equity 1,744 1,724
Stockholders' equity:    
Additional paid-in capital 3,760,362 3,760,029
Accumulated deficit (341,851) (176,822)
Accumulated other comprehensive loss (1,001,897) (941,986)
Treasury stock at cost (32,444 shares held at March 31, 2021 and 22,043 shares held at December 31, 2020) (511,122) (365,316)
Total Laureate Education, Inc. stockholders' equity 1,906,404 2,276,816
Noncontrolling interests (12,915) (12,882)
Total stockholders' equity 1,893,489 2,263,934
Total liabilities and stockholders' equity 4,484,048 4,970,894
Class A Common Stock    
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,889 shares authorized as of March 31, 2021 and December 31, 2020, respectively, no shares issued and outstanding as of March 31, 2021 and December 31, 2020 0 0
Common stock 618 548
Class B Common Stock    
Stockholders' equity:    
Common stock $ 294 $ 363