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Stockholders' Equity | 3 Months Ended
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Mar. 31, 2023
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity The components of net changes in stockholders’ equity for the three months ended March 31, 2023 are as follows:
| Laureate Education, Inc. Stockholders |  |
| Common stock | Additional paid-in capital | Retained earnings | Accumulated other comprehensive loss | Treasury stock at cost | Non-controlling interests | Total stockholders’ equity
| Shares | Amount
Balance at December 31, 2022 | 157,013 |  | $ | 923 |  | $ | 2,204,755 |  | $ | 39,244 |  | $ | (442,424) |  | $ | (1,026,272) |  | $ | (1,869) |  | $ | 774,357 |
Non-cash share-based compensation | — |  | — |  | 1,124 |  | — |  | — |  | — |  | — |  | 1,124 |
Exercise of stock options and vesting of restricted stock units, net of shares withheld to satisfy tax withholding | 161 |  | 1 |  | (448) |  | — |  | — |  | — |  | — |  | (447) |
Equitable adjustments to stock-based awards | — |  | — |  | (13) |  | — |  | — |  | — |  | — |  | (13) |
Change in noncontrolling interests | — |  | — |  | 16 |  | — |  | — |  | — |  | (140) |  | (124) |
Net loss | — |  | — |  | — |  | (26,607) |  | — |  | — |  | (155) |  | (26,762) |
Foreign currency translation adjustment, net of tax of $0 | — |  | — |  | — |  | — |  | 72,791 |  | — |  | 6 |  | 72,797 |
Balance at March 31, 2023 | 157,174 |  | $ | 924 |  | $ | 2,205,434 |  | $ | 12,637 |  | $ | (369,633) |  | $ | (1,026,272) |  | $ | (2,158) |  | $ | 820,932 |
The components of net changes in stockholders’ equity for the three months ended March 31, 2022 are as follows:
| Laureate Education, Inc. Stockholders |  |
| Common stock | Additional paid-in capital | Retained earnings (accumulated deficit) | Accumulated other comprehensive loss | Treasury stock at cost | Non-controlling interests | Total stockholders’ equity
| Shares | Amount
Balance at December 31, 2021 | 180,611 |  | $ | 915 |  | $ | 2,388,783 |  | $ | 15,523 |  | $ | (520,204) |  | $ | (744,174) |  | $ | (1,285) |  | $ | 1,139,558 |
Non-cash share-based compensation | — |  | — |  | 2,762 |  | — |  | — |  | — |  | — |  | 2,762 |
Purchase of treasury stock at cost | (9,485) |  | — |  | — |  | — |  | — |  | (112,874) |  | — |  | (112,874) |
Exercise of stock options and vesting of restricted stock units, net of shares withheld to satisfy tax withholding | 1,379 |  | 6 |  | 10,716 |  | — |  | — |  | — |  | — |  | 10,722 |
Equitable adjustments to stock-based awards | — |  | — |  | (189) |  | — |  | — |  | — |  | — |  | (189) |
Net loss | — |  | — |  | — |  | (44,211) |  | — |  | — |  | (469) |  | (44,680) |
Foreign currency translation adjustment, net of tax of $0 | — |  | — |  | — |  | — |  | 49,573 |  | — |  | 2 |  | 49,575 |
Minimum pension liability adjustment, net of tax of $0 | — |  | — |  | — |  | — |  | 14 |  | — |  | — |  | 14 |
Balance at March 31, 2022 | 172,505 |  | $ | 921 |  | $ | 2,402,072 |  | $ | (28,688) |  | $ | (470,617) |  | $ | (857,048) |  | $ | (1,752) |  | $ | 1,044,888 |
Share-based Compensation Expense During the three months ended March 31, 2023 and 2022, the Company recorded share-based compensation expense for restricted stock unit awards of $1,124 and $2,762, respectively. Accumulated Other Comprehen sive Income (Loss) Accumulated other comprehensive income (loss) (AOCI) in our Consolidated Balance Sheets includes the accumulated translation adjustments arising from translation of foreign subsidiaries’ financial statements, the unrealized gain on a derivative designated as an effective net investment hedge, and the accumulated net gains or losses that are not recognized as components of net periodic benefit cost for our minimum pension liability. The AOCI related to the net investment hedge will be deferred from earnings until the sale or liquidation of the hedged investee. The components of these balances were as follows:
| March 31, 2023 |  | December 31, 2022
| Laureate Education, Inc. | Noncontrolling Interests | Total |  | Laureate Education, Inc. | Noncontrolling Interests | Total
Foreign currency translation adjustment | $ | (379,461) |  | $ | 965 |  | $ | (378,496) |  |  | $ | (452,252) |  | $ | 959 |  | $ | (451,293) |
Unrealized gain on derivatives | 10,416 |  | — |  | 10,416 |  |  | 10,416 |  | — |  | 10,416 |
Minimum pension liability adjustment | (588) |  | — |  | (588) |  |  | (588) |  | — |  | (588) |
Accumulated other comprehensive loss | $ | (369,633) |  | $ | 965 |  | $ | (368,668) |  |  | $ | (442,424) |  | $ | 959 |  | $ | (441,465) |

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