XML 33 R18.htm IDEA: XBRL DOCUMENT
v3.24.3

Earnings (Loss) Per Share | 9 Months Ended
--- | ---
Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | Earnings (Loss) Per Share Laureate computes basic earnings per share (EPS) by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period. Diluted EPS reflects the potential dilution that would occur if share-based compensation awards were exercised or converted into common stock. To calculate the diluted EPS, the basic weighted average number of shares is increased by the dilutive effect of stock options, restricted stock units, and any other share-based compensation arrangements determined using the treasury stock method. The following tables summarize the computations of basic and diluted earnings (loss) per share:
For the three months ended September 30, | 2024 |  | 2023
Numerator used in basic and diluted earnings (loss) per common share for continuing operations: |  |  |
Income from continuing operations | $ | 85,331 |  |  | $ | 35,735 |
Loss attributable to noncontrolling interests | 136 |  |  | 177 |
Net income from continuing operations for basic and diluted earnings per share | $ | 85,467 |  |  | $ | 35,912 |
Numerator used in basic and diluted earnings (loss) per common share for discontinued operations: |  |  |
Net (loss) income from discontinued operations for basic and diluted (loss) earnings per share | $ | (4) |  |  | $ | 246 |
Denominator used in basic and diluted earnings per common share: |  |  |
Basic weighted average shares outstanding | 151,577 |  |  | 157,268 |
Dilutive effect of stock options | 216 |  |  | 226 |
Dilutive effect of restricted stock units | 382 |  |  | 310 |
Diluted weighted average shares outstanding | 152,175 |  |  | 157,804 |
Basic and diluted earnings (loss) per share: |  |  |
Income from continuing operations | $ | 0.56 |  |  | $ | 0.23 |
(Loss) income from discontinued operations | — |  |  | — |
Basic and diluted earnings per share | $ | 0.56 |  |  | $ | 0.23 |
For the nine months ended September 30, | 2024 |  | 2023
Numerator used in basic and diluted earnings (loss) per common share for continuing operations: |  |  |
Income from continuing operations | $ | 202,497 |  |  | $ | 69,337 |
Loss attributable to noncontrolling interests | 12 |  |  | 196 |
Net income from continuing operations for basic and diluted earnings per share | $ | 202,509 |  |  | $ | 69,533 |
Numerator used in basic and diluted earnings (loss) per common share for discontinued operations: |  |  |
Net income (loss) from discontinued operations for basic and diluted earnings (loss) per share | $ | 333 |  |  | $ | (3,805) |
Denominator used in basic and diluted earnings (loss) per common share: |  |  |
Basic weighted average shares outstanding | 154,151 |  |  | 157,217 |
Dilutive effect of stock options | 213 |  |  | 219 |
Dilutive effect of restricted stock units | 332 |  |  | 234 |
Diluted weighted average shares outstanding | 154,696 |  |  | 157,670 |
Basic and diluted earnings (loss) per share: |  |  |
Income from continuing operations | $ | 1.31 |  |  | $ | 0.44 |
Income (loss) from discontinued operations | — |  |  | (0.02) |
Basic and diluted earnings per share | $ | 1.31 |  |  | $ | 0.42 |
The following table summarizes the number of restricted stock units that were excluded from the diluted EPS calculations because the effect would have been antidilutive:
| For the three months ended September 30, |  | For the nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Restricted stock units | 231 |  |  | — |  |  | 104 |  |  | 12 |

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration