2022 Q1 Form 10-Q Financial Statement

#000157791622000007 Filed on May 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $347.8M $469.9M
YoY Change -25.98% 40.35%
Cost Of Revenue $135.4M $258.1M
YoY Change -47.56% 150.29%
Gross Profit $212.5M $211.8M
YoY Change 0.32% -8.58%
Gross Profit Margin 61.09% 45.07%
Selling, General & Admin $143.7M $134.5M
YoY Change 6.82% 16.67%
% of Gross Profit 67.62% 63.5%
Research & Development $826.0K $715.0K
YoY Change 15.52% 13.85%
% of Gross Profit 0.39% 0.34%
Depreciation & Amortization $32.56M $29.74M
YoY Change 9.49% -25.18%
% of Gross Profit 15.32% 14.04%
Operating Expenses $155.7M $145.6M
YoY Change 6.89% 12.11%
Operating Profit $56.82M $66.19M
YoY Change -14.15% -34.99%
Interest Expense $1.187M -$2.900M
YoY Change -140.93% -85.05%
% of Operating Profit 2.09% -4.38%
Other Income/Expense, Net -$3.061M -$1.302M
YoY Change 135.1% -94.67%
Pretax Income $53.76M $64.89M
YoY Change -17.14% -16.14%
Income Tax $14.70M $13.40M
% Of Pretax Income 27.34% 20.65%
Net Earnings $39.07M $51.44M
YoY Change -24.06% -29.74%
Net Earnings / Revenue 11.23% 10.95%
Basic Earnings Per Share $0.32 $0.40
Diluted Earnings Per Share $0.32 $0.39
COMMON SHARES
Basic Shares Outstanding 118.7M shares 122.3M shares
Diluted Shares Outstanding 119.8M shares 123.1M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $179.5M $132.6M
YoY Change 35.37% -45.14%
Cash & Equivalents $179.5M $132.6M
Short-Term Investments
Other Short-Term Assets $64.90M $83.50M
YoY Change -22.28% -4.79%
Inventory $130.3M $225.2M
Prepaid Expenses
Receivables $125.6M $188.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $756.0M $889.2M
YoY Change -14.98% 18.19%
LONG-TERM ASSETS
Property, Plant & Equipment $222.6M $223.7M
YoY Change -0.49% 9.91%
Goodwill $999.9M $999.8M
YoY Change 0.01% 7.55%
Intangibles $373.8M $407.5M
YoY Change -8.29% -2.99%
Long-Term Investments $209.2M $153.7M
YoY Change 36.07% 27.44%
Other Assets $113.4M $80.08M
YoY Change 41.64% -18.36%
Total Long-Term Assets $2.759B $2.793B
YoY Change -1.19% 20.86%
TOTAL ASSETS
Total Short-Term Assets $756.0M $889.2M
Total Long-Term Assets $2.759B $2.793B
Total Assets $3.515B $3.682B
YoY Change -4.52% 20.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.72M $100.3M
YoY Change -46.47% 61.06%
Accrued Expenses $58.13M $64.26M
YoY Change -9.53% -4.51%
Deferred Revenue $33.76M $35.93M
YoY Change -6.06% -5.54%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $350.4M $299.4M
YoY Change 17.01% 17.55%
Total Short-Term Liabilities $863.2M $852.8M
YoY Change 1.21% 24.29%
LONG-TERM LIABILITIES
Long-Term Debt $228.1M $328.5M
YoY Change -30.56% 6703.83%
Other Long-Term Liabilities $43.23M $100.8M
YoY Change -57.09% 41.38%
Total Long-Term Liabilities $271.3M $429.2M
YoY Change -36.79% 464.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $863.2M $852.8M
Total Long-Term Liabilities $271.3M $429.2M
Total Liabilities $1.282B $1.467B
YoY Change -12.64% 16.17%
SHAREHOLDERS EQUITY
Retained Earnings $332.2M $166.5M
YoY Change 99.49%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $250.1M
YoY Change
Treasury Stock Shares 6.429M shares
Shareholders Equity $2.234B $2.215B
YoY Change
Total Liabilities & Shareholders Equity $3.515B $3.682B
YoY Change -4.52% 20.21%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $39.07M $51.44M
YoY Change -24.06% -29.74%
Depreciation, Depletion And Amortization $32.56M $29.74M
YoY Change 9.49% -25.18%
Cash From Operating Activities $137.3M $76.20M
YoY Change 80.14% 150.66%
INVESTING ACTIVITIES
Capital Expenditures $18.40M $22.05M
YoY Change -16.54% -10.22%
Acquisitions
YoY Change
Other Investing Activities -$26.00M -$80.40M
YoY Change -67.66% 30.52%
Cash From Investing Activities -$44.40M -$102.4M
YoY Change -56.64% 18.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 476.0K 49.80M
YoY Change -99.04% -73.23%
NET CHANGE
Cash From Operating Activities 137.3M 76.20M
Cash From Investing Activities -44.40M -102.4M
Cash From Financing Activities 476.0K 49.80M
Net Change In Cash 93.34M 23.60M
YoY Change 295.5% -81.87%
FREE CASH FLOW
Cash From Operating Activities $137.3M $76.20M
Capital Expenditures $18.40M $22.05M
Free Cash Flow $118.9M $54.15M
YoY Change 119.49% 826.96%

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us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2021Q1 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q1 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.95
us-gaap Earnings Per Share Basic
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1.84
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CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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CY2021Q4 us-gaap Dividends
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CY2022Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Dividends
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7229000 USD
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CY2020Q3 us-gaap Profit Loss
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CY2020Q3 us-gaap Reclassifications Of Temporary To Permanent Equity
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CY2020Q3 pinc Stock Issued During Period Value Termination Of Units
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CY2020Q3 us-gaap Dividends
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23381000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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StockIssuedDuringPeriodValueShareBasedCompensation
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CY2020Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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7316000 USD
CY2020Q4 pinc Restricted Stock Vested Repurchased During Period Value
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CY2020Q4 us-gaap Profit Loss
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CY2020Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2020Q4 us-gaap Dividends
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CY2020Q4 pinc Adjustments To Additional Paid In Capital Capital Contributions
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CY2020Q4 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13056000 USD
CY2021Q1 pinc Restricted Stock Vested Repurchased During Period Value
RestrictedStockVestedRepurchasedDuringPeriodValue
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CY2021Q1 us-gaap Profit Loss
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NetIncomeLossAttributableToNoncontrollingInterest
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CY2021Q1 us-gaap Dividends
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
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us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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pinc Increase Decrease In Accounts Receivable Prepaid Expense And Other Current Assets
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pinc Increase Decrease In Accounts Receivable Prepaid Expense And Other Current Assets
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us-gaap Increase Decrease In Contract With Customer Asset
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us-gaap Increase Decrease In Contract With Customer Asset
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43733000 USD
us-gaap Increase Decrease In Operating Liabilities
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us-gaap Increase Decrease In Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
334789000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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192365000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
66911000 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
26000000 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
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us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
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us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
10000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
300000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
225000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
125000000 USD
us-gaap Repayments Of Lines Of Credit
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100000000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
72861000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
69647000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
250129000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
37385000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
9949000 USD
pinc Payments To Limited Partners Tax Receivable Agreements
PaymentsToLimitedPartnersTaxReceivableAgreements
0 USD
pinc Payments To Limited Partners Tax Receivable Agreements
PaymentsToLimitedPartnersTaxReceivableAgreements
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
14318000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
712000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-171369000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9794000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
50362000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
33280000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
129141000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
99304000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
179503000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
132584000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
pinc Redeemable Limited Partners Capital Account Decrease Due To Adjustment To Redemption Amount
RedeemableLimitedPartnersCapitalAccountDecreaseDueToAdjustmentToRedemptionAmount
0 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
129000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
CY2022Q1 pinc Cumulative Dividend Equivalents
CumulativeDividendEquivalents
738000 USD
CY2021Q1 pinc Cumulative Dividend Equivalents
CumulativeDividendEquivalents
513000 USD
pinc Redeemable Limited Partners Capital Account Decrease Increase Due To Adjustment To Redemption Amount
RedeemableLimitedPartnersCapitalAccountDecreaseIncreaseDueToAdjustmentToRedemptionAmount
0 USD
pinc Redeemable Limited Partners Capital Account Decrease Increase Due To Adjustment To Redemption Amount
RedeemableLimitedPartnersCapitalAccountDecreaseIncreaseDueToAdjustmentToRedemptionAmount
-26685000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3991000 USD
pinc Redeemable Limited Partners Capital Account Decrease Due To Adjustment To Redemption Amount
RedeemableLimitedPartnersCapitalAccountDecreaseDueToAdjustmentToRedemptionAmount
2437000 USD
pinc Increase In Deferred Tax Assets Related To Quarterly Exchange By Member Owners Share Based Compensation
IncreaseInDeferredTaxAssetsRelatedToQuarterlyExchangeByMemberOwnersShareBasedCompensation
0 USD
pinc Increase In Deferred Tax Assets Related To Quarterly Exchange By Member Owners Share Based Compensation
IncreaseInDeferredTaxAssetsRelatedToQuarterlyExchangeByMemberOwnersShareBasedCompensation
331000 USD
pinc Increase Decrease In Deferred Tax Assets And Additional Paid In Capital Due To Quarterly Exchange
IncreaseDecreaseInDeferredTaxAssetsAndAdditionalPaidInCapitalDueToQuarterlyExchange
0 USD
pinc Increase Decrease In Deferred Tax Assets And Additional Paid In Capital Due To Quarterly Exchange
IncreaseDecreaseInDeferredTaxAssetsAndAdditionalPaidInCapitalDueToQuarterlyExchange
284852000 USD
us-gaap Reclassifications Of Temporary To Permanent Equity
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0 USD
us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
1754607000 USD
pinc Adjustments To Additional Paid In Capital Early Termination Payments Of Former Members
AdjustmentsToAdditionalPaidInCapitalEarlyTerminationPaymentsOfFormerMembers
0 USD
pinc Adjustments To Additional Paid In Capital Early Termination Payments Of Former Members
AdjustmentsToAdditionalPaidInCapitalEarlyTerminationPaymentsOfFormerMembers
438967000 USD
pinc Adjustments To Additional Paid In Capital Due To Departures And Quarterly Exchange
AdjustmentsToAdditionalPaidInCapitalDueToDeparturesAndQuarterlyExchange
0 USD
pinc Adjustments To Additional Paid In Capital Due To Departures And Quarterly Exchange
AdjustmentsToAdditionalPaidInCapitalDueToDeparturesAndQuarterlyExchange
37319000 USD
pinc Adjustments To Additional Paid In Capital Due To Final Exchange
AdjustmentsToAdditionalPaidInCapitalDueToFinalExchange
0 USD
pinc Adjustments To Additional Paid In Capital Due To Final Exchange
AdjustmentsToAdditionalPaidInCapitalDueToFinalExchange
517526000 USD
us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates in the Preparation of Financial StatementsThe preparation of the Company’s condensed consolidated financial statements in accordance with GAAP requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. Significant estimates are evaluated on an ongoing basis, including, but not limited to, estimates for net administrative fees revenue, other services and support revenue, contract assets, deferred revenue, contract costs, allowances for credit losses, reserves for net realizable value of inventory, obsolete inventory, useful lives of property and equipment, stock-based compensation, deferred tax balances including valuation allowances on deferred tax assets, uncertain tax positions, values of investments not publicly traded, projected future cash flows used in the evaluation of asset impairments, values of put and call rights, values of earn-out liabilities and the allocation of purchase prices. These estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.
CY2022Q1 us-gaap Equity Method Investments
EquityMethodInvestments
209205000 USD
CY2021Q2 us-gaap Equity Method Investments
EquityMethodInvestments
153224000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5524000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
17165000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
16023000 USD
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
24139000 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
0 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
945000 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
23194000 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
75884000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
0 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
6449000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
82333000 USD
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CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
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CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
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CY2022Q1 pinc Fair Value Inputs Market Interest Rate
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us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
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CY2022Q1 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
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CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
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P12M
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CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32900000 USD
us-gaap Amortization Of Intangible Assets
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CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
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us-gaap Treasury Stock Acquired Average Cost Per Share
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38.88
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NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
235964000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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0 USD
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IncomeLossNetOfTaxAttributableToNoncontrollingInterestDilutiveEffectAdjustment
0 USD
pinc Income Loss Net Of Tax Attributable To Noncontrolling Interest Dilutive Effect Adjustment
IncomeLossNetOfTaxAttributableToNoncontrollingInterestDilutiveEffectAdjustment
1643000 USD
pinc Income Loss Net Of Tax Attributable To Noncontrolling Interest Dilutive Effect Adjustment
IncomeLossNetOfTaxAttributableToNoncontrollingInterestDilutiveEffectAdjustment
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NetIncomeLossAttributableToParentBeforeTaxEffects
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pinc Net Income Loss Attributable To Parent Before Tax Effects
NetIncomeLossAttributableToParentBeforeTaxEffects
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pinc Net Income Loss Attributable To Parent Before Tax Effects
NetIncomeLossAttributableToParentBeforeTaxEffects
211288000 USD
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122302000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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EarningsPerShareBasic
0.32
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.95
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.84
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.94
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
CY2022Q1 us-gaap Profit Loss
ProfitLoss
39069000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
51444000 USD
us-gaap Profit Loss
ProfitLoss
237607000 USD
us-gaap Profit Loss
ProfitLoss
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CY2021Q1 us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
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us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
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us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
15903000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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AllocatedShareBasedCompensationExpense
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CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37792000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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us-gaap Allocated Share Based Compensation Expense Net Of Tax
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us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
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DeferredTaxExpenseBenefitEmployeeServiceSharebasedCompensation
400000 USD
pinc Deferred Tax Expense Benefit Employee Service Sharebased Compensation
DeferredTaxExpenseBenefitEmployeeServiceSharebasedCompensation
1800000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14700000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13400000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.27
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40100000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.14
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-64900000 USD
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-0.34
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EffectiveIncomeTaxRateExcludingEffectsOfOneTimeDeferredTaxBenefit
0.23
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
21700000 USD
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
2500000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
2600000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
7600000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
8200000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y1M6D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
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LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3017000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11738000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12131000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12267000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12145000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12301000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12177000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9005000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8878000 USD
CY2022Q1 pinc Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
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LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1293000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
50044000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
58243000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3885000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5289000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
46159000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
52954000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10500000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
347833000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
469923000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1092195000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1239637000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32559000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29737000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
95764000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
89768000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18401000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22047000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
61061000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
66911000 USD
CY2022Q1 us-gaap Assets
Assets
3515459000 USD
CY2021Q2 us-gaap Assets
Assets
3522898000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
53763000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
64888000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
277701000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
188996000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3991000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5524000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
17165000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
16023000 USD
CY2022Q1 us-gaap Investment Income Net
InvestmentIncomeNet
-2804000 USD
CY2021Q1 us-gaap Investment Income Net
InvestmentIncomeNet
-3225000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
-8465000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
-8742000 USD
CY2022Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
CY2021Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-5195000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
64110000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-21621000 USD
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4248000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1594000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2176000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10167000 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
56824000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
66190000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
207067000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
193169000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
21408000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
19337000 USD
us-gaap Depreciation
Depreciation
62874000 USD
us-gaap Depreciation
Depreciation
55904000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11151000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10400000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32890000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33864000 USD
CY2022Q1 pinc Allocated Share Based Compensation Expense And Employee Stock Ownership Plan Espp Compensation Expense
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14149000 USD
CY2021Q1 pinc Allocated Share Based Compensation Expense And Employee Stock Ownership Plan Espp Compensation Expense
AllocatedShareBasedCompensationExpenseAndEmployeeStockOwnershipPlanESPPCompensationExpense
13180000 USD
pinc Allocated Share Based Compensation Expense And Employee Stock Ownership Plan Espp Compensation Expense
AllocatedShareBasedCompensationExpenseAndEmployeeStockOwnershipPlanESPPCompensationExpense
38229000 USD
pinc Allocated Share Based Compensation Expense And Employee Stock Ownership Plan Espp Compensation Expense
AllocatedShareBasedCompensationExpenseAndEmployeeStockOwnershipPlanESPPCompensationExpense
27970000 USD
CY2022Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3115000 USD
CY2021Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
4126000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
10282000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
14889000 USD
CY2022Q1 pinc Income Loss From Equity Method Investments Offset
IncomeLossFromEquityMethodInvestmentsOffset
3991000 USD
CY2021Q1 pinc Income Loss From Equity Method Investments Offset
IncomeLossFromEquityMethodInvestmentsOffset
5524000 USD
pinc Income Loss From Equity Method Investments Offset
IncomeLossFromEquityMethodInvestmentsOffset
17165000 USD
pinc Income Loss From Equity Method Investments Offset
IncomeLossFromEquityMethodInvestmentsOffset
16023000 USD
CY2022Q1 pinc Deferred Compensation Plan Compensation Income Expense
DeferredCompensationPlanCompensationIncomeExpense
3994000 USD
CY2021Q1 pinc Deferred Compensation Plan Compensation Income Expense
DeferredCompensationPlanCompensationIncomeExpense
-1521000 USD
pinc Deferred Compensation Plan Compensation Income Expense
DeferredCompensationPlanCompensationIncomeExpense
1923000 USD
pinc Deferred Compensation Plan Compensation Income Expense
DeferredCompensationPlanCompensationIncomeExpense
-9231000 USD
CY2022Q1 us-gaap Other Expenses
OtherExpenses
5544000 USD
CY2021Q1 us-gaap Other Expenses
OtherExpenses
929000 USD
us-gaap Other Expenses
OtherExpenses
9323000 USD
us-gaap Other Expenses
OtherExpenses
5718000 USD
CY2022Q1 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
112188000 USD
CY2021Q1 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
121207000 USD
pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
375907000 USD
pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
356768000 USD
CY2022Q1 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
112188000 USD
CY2021Q1 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
121207000 USD
pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
375907000 USD
pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
356768000 USD

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