Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

The change in the net carrying amount of Goodwill from December 31, 2022 through December 31, 2024 was composed of the following items:


	Mexico		Peru		Total


Balance at December 31, 2022	$	512,990	$	70,503	$	583,493





Currency translation adjustments	75,441		2,548		77,989

Balance at December 31, 2023	$	588,431	$	73,051	$	661,482




Currency translation adjustments	(97,365)		(713)		(98,078)

Balance at December 31, 2024	$	491,066	$	72,338	$	563,404

Tradenames and Other Intangible Assets

The following table summarizes our identifiable intangible assets as of December 31, 2024:


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Amortization Period (Yrs)
Tradenames
Finite-lived tradename	$	30,652	$	(30,652)	$	—	—
Indefinite-lived tradenames	147,911		—		147,911		—
Total tradenames	178,563		(30,652)		147,911

Other intangible assets
Student rosters	19,838		(19,838)		—		—
Other	1,666		(1,666)		—		—
Total	$	200,067	$	(52,156)	$	147,911

The following table summarizes our identifiable intangible assets as of December 31, 2023:


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Amortization Period (Yrs)
Tradenames
Finite-lived tradename	$	30,652	$	(30,652)	$	—	—
Indefinite-lived tradenames	169,183		—		169,183		—
Total tradenames	199,835		(30,652)		169,183

Other intangible assets
Student rosters	23,001		(23,001)		—		—
Other	1,938		(1,938)		—		—
Total	$	224,774	$	(55,591)	$	169,183

Impairment Tests

The following table summarizes the Loss on impairment of assets:


For the years ended December 31,	2024		2023		2022
Impairments of Goodwill	$	—	$	—	$	—
Impairments of Tradenames	—		—		—
Impairments of long-lived assets	—		3,073		144
Total	$	—	$	3,073	$	144

We perform annual impairment tests of our non-amortizable intangible assets, which consist of goodwill and indefinite-lived tradenames, in the fourth quarter of each year.

For the purposes of our annual impairment testing of the Company's goodwill, fair value measurements are determined primarily using the income approach, based largely on inputs that are not observable to active markets, which would be deemed “Level 3” fair value measurements. Level 3 inputs are defined as unobservable inputs that are supported by little or no market activity. These inputs include our expectations about future revenue growth and profitability, marginal income tax rates by jurisdiction, and the discount rate. Where a market approach is used, the inputs also include publicly available data about our competitors' financial ratios and transactions.

For purposes of our annual impairment testing of the Company’s indefinite-lived tradenames, fair value measurements are determined using the income approach, based largely on inputs that are not observable to active markets, which would be deemed “Level 3” fair value measurements as defined above. These inputs include our expectations about future revenue growth, marginal income tax rates by jurisdiction, the discount rate and the estimated royalty rate. We use publicly available information and proprietary third-party arm’s length agreements that Laureate has entered into with various licensors in determining certain assumptions to assist us in estimating fair value using market participant assumptions.