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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 128,838 $ 89,392
Restricted cash 7,641 7,505
Receivables:    
Accounts and notes receivable 206,807 173,571
Other receivables 4,645 3,509
Allowance for doubtful accounts (93,939) (84,967)
Receivables, net 117,513 92,113
Income tax receivable 7,835 15,224
Prepaid expenses and other current assets 26,248 19,284
Current assets held for sale 985 889
Total current assets 289,060 224,407
Property and equipment:    
Land 129,126 129,229
Buildings 354,305 377,954
Furniture, equipment and software 526,594 556,134
Leasehold improvements 133,904 137,171
Construction in-progress 21,248 22,673
Accumulated depreciation and amortization (638,546) (660,935)
Property and equipment, net 526,631 562,226
Operating lease right-of-use assets, net 333,454 371,611
Goodwill 621,658 661,482
Tradenames, net 159,876 169,183
Deferred costs, net 4,743 4,981
Deferred income taxes 67,212 71,426
Other assets 41,340 44,896
Long-term assets held for sale 17,840 15,404
Total assets 2,061,814 2,125,616
Current liabilities:    
Accounts payable 33,829 43,239
Accrued expenses 70,012 69,464
Accrued compensation and benefits 86,602 96,652
Deferred revenue and student deposits 61,352 69,351
Current portion of operating leases 57,002 57,514
Current portion of long-term debt and finance leases 27,409 52,828
Income taxes payable 14,548 40,204
Other current liabilities 29,605 22,714
Current liabilities held for sale 1,376 1,248
Total current liabilities 381,735 453,214
Long-term operating leases, less current portion 315,413 360,120
Long-term debt and finance leases, less current portion 202,986 112,241
Deferred compensation 9,763 9,511
Income taxes payable 138,930 140,492
Deferred income taxes 52,978 56,490
Other long-term liabilities 33,238 34,151
Long-term liabilities held for sale 9,564 10,259
Total liabilities 1,144,607 1,176,478
Redeemable equity 1,398 1,398
Stockholders' equity:    
Common stock, par value $0.004 per share – 700,000 shares authorized, 152,546 shares issued and outstanding as of June 30, 2024 and 157,586 shares issued and outstanding as of December 31, 2023 610 630
Additional paid-in capital 1,142,081 1,179,721
Retained earnings 128,130 41,862
Accumulated other comprehensive loss (352,807) (272,144)
Total Laureate Education, Inc. stockholders' equity 918,014 950,069
Noncontrolling interests (2,205) (2,329)
Total stockholders' equity 915,809 947,740
Total liabilities and stockholders' equity $ 2,061,814 $ 2,125,616