XML 17 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 368,631 $ 361,533 $ 1,143,248 $ 1,074,855
Costs and expenses:        
Direct costs 285,956 291,052 858,931 810,362
General and administrative expenses 10,635 11,772 34,553 34,046
Loss on impairment of assets     0 1,620
Operating income 72,040 58,709 249,764 228,827
Interest income 2,356 2,830 6,271 6,939
Interest expense (4,979) (5,169) (14,769) (17,258)
Other income, net 923 66 483 198
Foreign currency exchange gain (loss), net 14,523 9,755 36,367 (51,554)
(Loss) gain on disposal of subsidiaries, net 0 3,260 (3,086) 3,567
Income from continuing operations before income taxes and equity in net loss of affiliates 84,863 69,451 275,030 170,719
Income tax benefit (expense) 468 (33,716) (72,526) (101,379)
Equity in net loss of affiliates, net of tax     (7) (3)
Income from continuing operations 85,331 35,735 202,497 69,337
Income (loss) from discontinued operations, net of tax of $0 for both periods (4) 246 333 (3,805)
Net income 85,327 35,981 202,830 65,532
Net loss attributable to noncontrolling interests 136 177 12 196
Net income attributable to Laureate Education, Inc. $ 85,463 $ 36,158 $ 202,842 $ 65,728
Basic earnings (loss) per share:        
Income from continuing operations, basic (in dollars per share) $ 0.56 $ 0.23 $ 1.31 $ 0.44
Income (loss) from discontinued operations (in dollars per share) 0 0 0 (0.02)
Basic earnings per share (in dollars per share) 0.56 0.23 1.31 0.42
Diluted earnings (loss) per share:        
Income from continuing operations, diluted (in dollars per share) 0.56 0.23 1.31 0.44
Loss from discontinued operations, diluted (in dollars per share) 0 0 0 (0.02)
Diluted earnings per share (in dollars per share) $ 0.56 $ 0.23 $ 1.31 $ 0.42