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Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Components of net changes in stockholders' equity

The components of net changes in stockholders’ equity for the nine months ended September 30, 2024 are as follows:

			Laureate Education, Inc. Stockholders
			Common stock						Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss						Non-controlling interests			Total stockholders’ equity
			Shares			Amount
Balance at December 31, 2023			157,586			$	630		$	1,179,721		$	41,862		$	(272,144)					$	(2,329)		$	947,740
Non-cash share-based compensation			—			—			1,409			—			—						—			1,409
Purchase and retirement of common stock			(2,607)			(10)			(19,512)			(13,700)			—						—			(33,222)
Exercise of stock options and vesting of restricted stock units, net of shares withheld to satisfy tax withholding			181			1			(774)			—			—						—			(773)
Equitable adjustments to stock-based awards			—			—			21			—			—						—			21
Net loss			—			—			—			(10,751)			—						(97)			(10,848)
Foreign currency translation adjustment, net of tax of $0			—			—			—			—			26,883						—			26,883
Balance at March 31, 2024			155,160			$	621		$	1,160,865		$	17,411		$	(245,261)					$	(2,426)		$	931,210
Non-cash share-based compensation			—			—			2,887			—			—						—			2,887
Purchase and retirement of common stock			(2,661)			(11)			(21,781)			(17,411)			—						—			(39,203)
Exercise of stock options and vesting of restricted stock units, net of shares withheld to satisfy tax withholding			47			—			91			—			—						—			91
Equitable adjustments to stock-based awards			—			—			19			—			—						—			19
Net income			—			—			—			128,130			—						221			128,351
Foreign currency translation adjustment, net of tax of $0			—			—			—			—			(107,546)						—			(107,546)
Balance at June 30, 2024			152,546			$	610		$	1,142,081		$	128,130		$	(352,807)					$	(2,205)		$	915,809
Non-cash share-based compensation			—			—			2,781			—			—						—			2,781
Purchase and retirement of common stock			(1,895)			(7)			(14,190)			(14,381)			—						—			(28,578)
Exercise of stock options and vesting of restricted stock units, net of shares withheld to satisfy tax withholding			34			—			80			—			—						—			80
Equitable adjustments to stock-based awards			—			—			(3)			—			—						—			(3)
Net income (loss)			—			—			—			85,463			—						(136)			85,327
Foreign currency translation adjustment, net of tax of $0			—			—			—			—			(80,091)						—			(80,091)
Balance at September 30, 2024			150,685			$	603		$	1,130,749		$	199,212		$	(432,898)					$	(2,341)		$	895,325

The components of net changes in stockholders’ equity for the nine months ended September 30, 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
Non-cash share-based compensation			—			—			1,976			—			—			—			—			1,976
Retirement of treasury stock			—			(295)			(1,025,977)			—			—			1,026,272			—			—
Exercise of stock options and vesting of restricted stock units, net of shares withheld to satisfy tax withholding			46			—			44			—			—			—			—			44
Equitable adjustments to stock-based awards			—			—			24			—			—			—			—			24
Net income			—			—			—			56,177			—			—			136			56,313
Foreign currency translation adjustment, net of tax of $0			—			—			—			—			92,007			—			(92)			91,915
Balance at June 30, 2023			157,220			$	629		$	1,181,501		$	68,814		$	(277,626)		$	—		$	(2,114)		$	971,204
Non-cash share-based compensation			—			—			1,794			—			—			—			—			1,794
Exercise of stock options and vesting of restricted stock units, net of shares withheld to satisfy tax withholding			147			—			1,032			—			—			—			—			1,032
Equitable adjustments to stock-based awards			—			—			2			—			—			—			—			2
Net income (loss)			—			—			—			36,158			—			—			(177)			35,981
Foreign currency translation adjustment, net of tax of $0			—			—			—			—			(46,373)			—			2			(46,371)
Balance at September 30, 2023			157,367			$	629		$	1,184,329		$	104,972		$	(323,999)		$	—		$	(2,289)		$	963,642

Schedule of accumulated other comprehensive income (loss)

The components of these balances were as follows:

			September 30, 2024												December 31, 2023
			Laureate Education, Inc.			Noncontrolling Interests			Total						Laureate Education, Inc.			Noncontrolling Interests			Total
Foreign currency translation adjustment			$	(442,808)		$	962		$	(441,846)					$	(282,054)		$	962		$	(281,092)
Unrealized gain on derivatives			10,416			—			10,416						10,416			—			10,416
Minimum pension liability adjustment			(506)			—			(506)						(506)			—			(506)
Accumulated other comprehensive loss			$	(432,898)		$	962		$	(431,936)					$	(272,144)		$	962		$	(271,182)

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

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Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

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