2020 Q4 Form 10-K Financial Statement

#000120179221000003 Filed on March 09, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $85.91M $79.13M $82.13M
YoY Change 15.5% 16.56% 16.39%
Cost Of Revenue $31.10M $31.08M $30.74M
YoY Change 11.03% 13.99% 7.03%
Gross Profit $54.81M $48.05M $51.38M
YoY Change 18.2% 18.29% 22.82%
Gross Profit Margin 63.8% 60.72% 62.57%
Selling, General & Admin $41.95M $41.10M $38.79M
YoY Change 23.78% 8.45% 20.44%
% of Gross Profit 76.54% 85.53% 75.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.020M $3.230M $3.390M
YoY Change -21.35% -14.32% -13.96%
% of Gross Profit 5.51% 6.72% 6.6%
Operating Expenses $44.98M $41.10M $38.79M
YoY Change 19.22% 8.45% 20.44%
Operating Profit $9.830M $3.308M $9.041M
YoY Change 13.77% -213.56% 59.23%
Interest Expense $90.00K $121.0K $179.0K
YoY Change -87.14% -88.13% -84.23%
% of Operating Profit 0.92% 3.66% 1.98%
Other Income/Expense, Net
YoY Change
Pretax Income $9.805M $3.429M $9.220M
YoY Change 5.32% -281.05% 35.33%
Income Tax $2.730M $785.0K $2.532M
% Of Pretax Income 27.84% 22.89% 27.46%
Net Earnings $7.071M $2.642M $6.689M
YoY Change 23.64% -261.29% 35.93%
Net Earnings / Revenue 8.23% 3.34% 8.14%
Basic Earnings Per Share $0.48 $0.18 $0.45
Diluted Earnings Per Share $0.47 $0.18 $0.45
COMMON SHARES
Basic Shares Outstanding 14.81M shares 14.80M shares 14.79M shares
Diluted Shares Outstanding 15.01M shares 14.95M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $227.7M $228.0M $216.0M
YoY Change 12.33% 8.52% -2.17%
Cash & Equivalents $227.7M $228.0M $216.0M
Short-Term Investments
Other Short-Term Assets $6.500M $7.600M $9.400M
YoY Change -8.45% 20.63% 18.99%
Inventory
Prepaid Expenses $6.472M $7.563M $9.426M
Receivables $17.65M $9.560M $6.922M
Other Receivables $0.00 $2.500M $2.600M
Total Short-Term Assets $251.8M $247.6M $235.0M
YoY Change 12.97% 7.66% -2.07%
LONG-TERM ASSETS
Property, Plant & Equipment $68.43M $70.93M $74.08M
YoY Change -12.82% -9.84% -9.29%
Goodwill $26.56M $26.56M $26.56M
YoY Change 0.0% 0.0% -5.28%
Intangibles $3.721M
YoY Change 0.0%
Long-Term Investments $10.50M $10.50M $10.50M
YoY Change 0.0% 0.0% 101.92%
Other Assets $11.75M $5.197M $5.087M
YoY Change 146.27% 2.93% -1.36%
Total Long-Term Assets $119.2M $122.6M $126.7M
YoY Change -9.68% -6.51% -6.92%
TOTAL ASSETS
Total Short-Term Assets $251.8M $247.6M $235.0M
Total Long-Term Assets $119.2M $122.6M $126.7M
Total Assets $371.0M $370.2M $361.7M
YoY Change 4.54% 2.52% -3.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.757M $4.489M $5.034M
YoY Change 5.95% 13.22% 2.25%
Accrued Expenses $10.97M $10.56M $8.551M
YoY Change 32.61% 33.07% 26.44%
Deferred Revenue $22.10M $25.50M $20.80M
YoY Change 27.01% 23.74% 9.16%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $55.06M $59.79M $53.85M
YoY Change 21.6% 30.85% 27.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.500M $7.000M $8.300M
YoY Change -31.58% -19.54% -9.78%
Total Long-Term Liabilities $0.00 $7.000M $8.300M
YoY Change -100.0% -19.54% -9.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.06M $59.79M $53.85M
Total Long-Term Liabilities $0.00 $7.000M $8.300M
Total Liabilities $64.09M $72.16M $68.09M
YoY Change 10.19% 19.6% 18.15%
SHAREHOLDERS EQUITY
Retained Earnings $111.2M $104.1M $101.5M
YoY Change 4.93% -6.15% -22.14%
Common Stock $195.7M $193.9M $192.1M
YoY Change 2.61% 2.15% 2.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $306.9M $298.0M $293.6M
YoY Change
Total Liabilities & Shareholders Equity $371.0M $370.2M $361.7M
YoY Change 4.54% 2.52% -3.82%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $7.071M $2.642M $6.689M
YoY Change 23.64% -261.29% 35.93%
Depreciation, Depletion And Amortization $3.020M $3.230M $3.390M
YoY Change -21.35% -14.32% -13.96%
Cash From Operating Activities $80.00K $12.98M $20.23M
YoY Change -98.76% 57.91% 27.88%
INVESTING ACTIVITIES
Capital Expenditures -$760.0K $1.278M $1.024M
YoY Change -75.56% 7.04% -25.36%
Acquisitions
YoY Change
Other Investing Activities $360.0K $410.0K
YoY Change
Cash From Investing Activities -$400.0K -$870.0K -$1.020M
YoY Change -87.14% -26.89% -25.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -160.0K 0.000
YoY Change -100.0% -99.1% -100.0%
NET CHANGE
Cash From Operating Activities 80.00K 12.98M 20.23M
Cash From Investing Activities -400.0K -870.0K -1.020M
Cash From Financing Activities 0.000 -160.0K 0.000
Net Change In Cash -320.0K 11.95M 19.21M
YoY Change -95.66% -211.47% 292.04%
FREE CASH FLOW
Cash From Operating Activities $80.00K $12.98M $20.23M
Capital Expenditures -$760.0K $1.278M $1.024M
Free Cash Flow $840.0K $11.70M $19.21M
YoY Change -91.19% 66.55% 32.93%

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CY2019 us-gaap Increase Decrease In Income Taxes Receivable
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859000 USD
CY2020 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-811000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-882000 USD
CY2019 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-556000 USD
CY2020 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-851000 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7336000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-302000 USD
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-145000 USD
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-24000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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6923000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2734000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6327000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
560000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1149000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-320000 USD
CY2018 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
898000 USD
CY2020 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1757000 USD
CY2019 apei Increase Decrease In Operating Leases Net
IncreaseDecreaseInOperatingLeasesNet
-120000 USD
CY2020 apei Increase Decrease In Operating Leases Net
IncreaseDecreaseInOperatingLeasesNet
16000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-71000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-550000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
165000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
266000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5564000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-86000 USD
CY2018 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
3298000 USD
CY2019 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
653000 USD
CY2020 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1907000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
875000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3672000 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3612000 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1710000 USD
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
178000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1342000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-884000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4678000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
44179000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38370000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
44810000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9430000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7255000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4926000 USD
CY2018 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
0 USD
CY2019 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
0 USD
CY2020 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
767000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9430000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7255000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4159000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1823000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40506000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
15705000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1823000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-40506000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15705000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
32926000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9391000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24946000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179205000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
212131000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
202740000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
212131000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
202740000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
227686000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
12712000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
8019000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
5898000 USD
CY2020 us-gaap Nature Of Operations
NatureOfOperations
Nature of Business<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    American Public Education, Inc., or APEI, which together with its subsidiaries is referred to as the “Company,” is a provider of online and campus-based postsecondary education to approximately 92,500 students through two subsidiary institutions:</span></div><div><span><br/></span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">American Public University System, Inc., or APUS, which provides online postsecondary education directed primarily at the needs of the military, military-affiliated, public service and service-minded communities through American Military University, or AMU, and American Public University, or APU. APUS is institutionally accredited by the Higher Learning Commission.</span></div><div style="padding-left:36pt"><span><br/></span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">National Education Seminars, Inc., which is referred to herein as Hondros College of Nursing, or HCN, which provides nursing education to students enrolled at five campuses in Ohio, and, beginning in April 2020, to students enrolled at a campus in Indianapolis, Indiana, to serve the needs of the nursing and healthcare communities. In April 2021, HCN will begin offering classes at a new campus in Akron, Ohio. HCN is institutionally accredited by the Accrediting Bureau for Health Education Schools, or ABHES. In March 2020, in response to the novel coronavirus COVID-19 global pandemic, HCN shifted to a blended model with online delivery of its courses and on campus delivery of certain labs. HCN later fully reopened its campuses, using smaller in person classes with screening, social distancing, and masking requirements. There can be no assurance that HCN will not need to further limit campus interactions or close its campuses in response to the COVID-19 pandemic or as a result of local regulations. </span></div><div style="padding-left:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    The Company’s institutions are licensed or otherwise authorized, or are in the process of obtaining such licenses or authorizations, to offer postsecondary education programs by state authorities to the extent the institutions believe such licenses or authorizations are required, and are certified by the U.S. Department of Education, or ED, to participate in student financial aid programs authorized under Title IV of the Higher Education Act of 1965, as amended, or Title IV programs.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    The Company’s operations are organized into two reportable segments:</span></div><div><span><br/></span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">American Public Education Segment, or APEI Segment.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This segment reflects the operational activities at APUS, other corporate activities, and minority investments.</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Hondros College of Nursing Segment, or HCN Segment. </span>This segment reflects the operational activities of HCN.
CY2020 apei Number Of Students
NumberOfStudents
92500 student
CY2020 apei Number Of Subsidiaries
NumberOfSubsidiaries
2 subsidiary
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of estimates.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> In preparing financial statements in conformity with GAAP, the Company is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company evaluates these estimates and judgments on an ongoing basis and bases its estimates on experience, current and expected future conditions and various other assumptions that the Company believes are reasonable under the circumstances. Actual results may differ from those estimates under different assumptions or conditions, and the impact of such differences may be material to the Company’s Consolidated Financial Statements.</span>
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1300000 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1200000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7300000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018 apei Amountof Scholarship Assistance Provided
AmountofScholarshipAssistanceProvided
26700000 USD
CY2019 apei Amountof Scholarship Assistance Provided
AmountofScholarshipAssistanceProvided
26100000 USD
CY2020 apei Amountof Scholarship Assistance Provided
AmountofScholarshipAssistanceProvided
45600000 USD
CY2018 us-gaap Advertising Expense
AdvertisingExpense
37400000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
40900000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
51300000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2020 apei Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Service Period
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedServicePeriod
P1Y
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentration of credit risk. The Company maintains its cash, cash equivalents, and restricted cash in bank deposit accounts with various financial institutions. Cash, cash equivalents, and restricted cash balances may exceed the FDIC insurance limit. The Company has historically not experienced any losses in such accounts.
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
297687000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
286270000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
321785000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17400000 USD
CY2019Q4 us-gaap Interest Receivable
InterestReceivable
15000 USD
CY2020Q4 us-gaap Interest Receivable
InterestReceivable
17000 USD
CY2018Q4 us-gaap Interest Receivable
InterestReceivable
0 USD
CY2020 apei Revenue From Contract With Customer Monthly Payment Extension Term
RevenueFromContractWithCustomerMonthlyPaymentExtensionTerm
P6M
CY2020Q1 apei Revenue From Contract With Customer Monthly Tuition Grant Award
RevenueFromContractWithCustomerMonthlyTuitionGrantAward
200 USD
CY2020Q1 apei Revenue From Contract With Customer Monthly Tuition Grant Award
RevenueFromContractWithCustomerMonthlyTuitionGrantAward
200 USD
CY2020Q1 apei Revenue From Contract With Customer Semester Tuition Grant Award
RevenueFromContractWithCustomerSemesterTuitionGrantAward
600 USD
CY2020 apei Revenue From Contract With Customer Grant Payment Awarded
RevenueFromContractWithCustomerGrantPaymentAwarded
200000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
198413000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
195998000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
119918000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
127564000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
78495000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
68434000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-900000 USD
CY2019 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-600000 USD
CY2020 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-900000 USD
CY2018 us-gaap Depreciation
Depreciation
16900000 USD
CY2019 us-gaap Depreciation
Depreciation
15300000 USD
CY2020 us-gaap Depreciation
Depreciation
13000000.0 USD
CY2018 us-gaap Adjustment For Amortization
AdjustmentForAmortization
600000 USD
CY2019 us-gaap Adjustment For Amortization
AdjustmentForAmortization
300000 USD
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
0 USD
CY2020 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2019 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2018 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
100000 USD
CY2020 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2019 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2018 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
500000 USD
CY2020Q4 us-gaap Investments
Investments
9400000 USD
CY2019Q4 us-gaap Investments
Investments
9400000 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2019 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2018Q4 us-gaap Goodwill
Goodwill
33899000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7336000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
26563000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
26563000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4361000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4361000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4361000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4361000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
3721000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
3721000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
3721000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
3721000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
8082000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
8082000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4361000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4361000 USD
CY2020Q4 apei Indefinite Lived Intangible Assets Excluding Goodwill Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillNet
3721000 USD
CY2019Q4 apei Indefinite Lived Intangible Assets Excluding Goodwill Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillNet
3721000 USD
CY2020 us-gaap Variable Lease Payment
VariableLeasePayment
0 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
2600000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
2900000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
2800000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
2900000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2791000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2465000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1709000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
928000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
498000 USD
CY2020Q4 apei Lessee Operating Lease Liability To Be Paid Due After Year Five
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFive
1742000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10133000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1286000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
8847000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2392000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6455000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
8847000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M28D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2020 apei Number Of Campuses
NumberOfCampuses
6 campus
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8034000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5803000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5685000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2170000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1425000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2146000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10204000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7228000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7831000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-776000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1766000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-608000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-141000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-275000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-203000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-917000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2041000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-811000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9287000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5187000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7020000 USD
CY2019Q4 apei Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
2912000 USD
CY2020Q4 apei Deferred Tax Assets Operating Lease Liability
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1487000 USD
CY2019Q4 apei Deferred Tax Assets Tax Deferred Expense Compensationand Benefits Restricted Stock
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1232000 USD
CY2020Q4 apei Deferred Tax Assets Tax Deferred Expense Compensationand Benefits Restricted Stock
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1573000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Severance Payments
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660000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Severance Payments
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695000 USD
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304000 USD
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564000 USD
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232000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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63000 USD
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3330000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Software
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2468000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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2882000 USD
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2161000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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1670000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2020Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
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1294000 USD
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771000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
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1419000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
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10260000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
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9209000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3391000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2580000 USD
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7320000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.2100
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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3192000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.2100
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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5427000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.2100
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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1575000 USD
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0.0451
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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852000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.0560
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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1156000 USD
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433000 USD
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0.0124
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense
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244000 USD
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0.0161
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
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491000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.0190
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-0.0036
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371000 USD
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0.0244
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0
CY2019 apei Effective Income Tax Rate Reconciliation Postemployment Benefits Amount
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345000 USD
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0.0227
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154000 USD
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0.0044
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93000 USD
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0.0061
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49000 USD
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0.0019
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0
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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213000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.0140
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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287000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.0111
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CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.0080
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
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0.2664
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5187000 USD
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0.3413
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7020000 USD
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0.2717
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1
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3700000 USD
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3700000 USD
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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4200000 USD
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37.52
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0
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0
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33.11
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P10Y
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23.77
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P9Y8M23D
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26.45
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P8Y11M15D
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264000 USD
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0
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P10Y
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0
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0.0174
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0.0068
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0 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend
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13.91 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend
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18.99 USD
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7180000 USD
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5960000 USD
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7075000 USD
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1900000 USD
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2000000.0 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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1900000 USD
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0.01
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0 shares
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0
CY2019Q1 apei Stock Repurchased During Period Shares Publicly Announced Plans
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0 shares
CY2019Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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0 shares
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148008 USD
CY2019Q1 us-gaap Stock Repurchased And Retired During Period Shares
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66088 shares
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67888000 USD
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74381000 USD
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2435000 USD
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6813000 USD
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4921000 USD
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5719000 USD
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0.06
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0.30
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0.37
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0.06
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0.30
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0.37
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85909000 USD
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3395000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9220000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3429000 USD
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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9805000 USD
CY2020Q1 us-gaap Net Income Loss
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2420000 USD
CY2020Q2 us-gaap Net Income Loss
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6689000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
2642000 USD
CY2020Q4 us-gaap Net Income Loss
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7071000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2020Q1 us-gaap Earnings Per Share Diluted
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0.16
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47

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