2024 Q2 Form 10-Q Financial Statement

#000157791624000006 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $350.3M $342.6M $322.2M
YoY Change 2.91% 6.32% -7.36%
Cost Of Revenue $114.5M $122.3M $103.2M
YoY Change 6.1% 18.52% -23.78%
Gross Profit $235.8M $220.3M $219.1M
YoY Change 1.43% 0.58% 3.1%
Gross Profit Margin 67.32% 64.31% 67.99%
Selling, General & Admin $143.3M $286.1M $143.6M
YoY Change -22.69% 99.27% -0.06%
% of Gross Profit 60.78% 129.86% 65.54%
Research & Development $663.0K $661.0K $1.001M
YoY Change -57.61% -33.97% 21.19%
% of Gross Profit 0.28% 0.3% 0.46%
Depreciation & Amortization $30.43M $32.78M $32.19M
YoY Change -8.41% 1.82% -1.13%
% of Gross Profit 12.9% 14.88% 14.69%
Operating Expenses $153.8M $299.1M $156.5M
YoY Change -22.97% 91.09% 0.55%
Operating Profit $82.04M -$78.73M $62.57M
YoY Change 149.71% -225.83% 10.1%
Interest Expense $1.755M -$1.010M $361.0K
YoY Change -247.48% -379.78% -69.59%
% of Operating Profit 2.14% 0.58%
Other Income/Expense, Net $2.332M $13.90M $3.315M
YoY Change -9.86% 319.4% -208.3%
Pretax Income $86.12M -$64.83M $65.88M
YoY Change 151.46% -198.4% 22.54%
Income Tax $25.52M -$15.70M $17.20M
% Of Pretax Income 29.63% 26.11%
Net Earnings $60.61M -$49.16M $48.65M
YoY Change 220.58% -201.05% 24.52%
Net Earnings / Revenue 17.3% -14.35% 15.1%
Basic Earnings Per Share $0.58 -$0.36 $0.39
Diluted Earnings Per Share $0.57 -$0.36 $0.39
COMMON SHARES
Basic Shares Outstanding 104.8M shares 119.8M shares 118.9M shares
Diluted Shares Outstanding 105.6M shares 111.2M shares 119.8M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $125.1M $61.86M $91.49M
YoY Change 39.37% -32.39% -49.03%
Cash & Equivalents $125.1M $61.86M $91.49M
Short-Term Investments
Other Short-Term Assets $80.55M $79.63M $59.09M
YoY Change 33.38% 34.76% -8.95%
Inventory $79.80M $77.80M $94.43M
Prepaid Expenses
Receivables $126.7M $121.2M $115.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $748.0M $674.7M $651.1M
YoY Change 16.58% 3.62% -13.87%
LONG-TERM ASSETS
Property, Plant & Equipment $205.7M $206.4M $206.7M
YoY Change -3.11% -0.16% -7.14%
Goodwill $995.9M $995.9M $1.069B
YoY Change -1.63% -6.85% 6.92%
Intangibles $269.3M $279.1M $442.7M
YoY Change -37.39% -36.97% 18.45%
Long-Term Investments $228.6M $228.5M $230.3M
YoY Change -1.41% -0.78% 10.08%
Other Assets $102.8M $99.06M $110.3M
YoY Change -6.65% -10.2% -2.75%
Total Long-Term Assets $2.653B $2.689B $2.861B
YoY Change -2.8% -6.02% 3.69%
TOTAL ASSETS
Total Short-Term Assets $748.0M $674.7M $651.1M
Total Long-Term Assets $2.653B $2.689B $2.861B
Total Assets $3.401B $3.364B $3.513B
YoY Change 0.89% -4.24% -0.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.36M $67.34M $53.49M
YoY Change 11.01% 25.9% -0.44%
Accrued Expenses $65.57M $69.49M $63.37M
YoY Change 39.17% 9.66% 9.02%
Deferred Revenue $19.64M $20.50M $27.88M
YoY Change -19.21% -26.46% -17.4%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $102.5M $102.1M $335.5M
YoY Change -67.58% -69.58% -4.26%
Total Short-Term Liabilities $746.6M $725.7M $900.3M
YoY Change -8.45% -19.4% 4.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $25.56M $127.6M
YoY Change -100.0% -79.98% -44.05%
Other Long-Term Liabilities $27.64M $54.33M $46.42M
YoY Change -41.44% 17.05% 7.36%
Total Long-Term Liabilities $27.64M $79.88M $174.0M
YoY Change -81.51% -54.1% -35.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $746.6M $725.7M $900.3M
Total Long-Term Liabilities $27.64M $79.88M $174.0M
Total Liabilities $1.439B $1.440B $1.177B
YoY Change 38.77% 22.41% -8.2%
SHAREHOLDERS EQUITY
Retained Earnings $105.6M $67.40M $409.6M
YoY Change -73.93% -83.55% 23.32%
Common Stock $1.253M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.962B $1.923B $2.336B
YoY Change
Total Liabilities & Shareholders Equity $3.401B $3.364B $3.513B
YoY Change 0.89% -4.24% -0.08%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $60.61M -$49.16M $48.65M
YoY Change 220.58% -201.05% 24.52%
Depreciation, Depletion And Amortization $30.43M $32.78M $32.19M
YoY Change -8.41% 1.82% -1.13%
Cash From Operating Activities $106.3M $154.9M $134.5M
YoY Change -6.24% 15.2% -2.05%
INVESTING ACTIVITIES
Capital Expenditures $13.56M $18.56M $20.05M
YoY Change -43.1% -7.43% 8.95%
Acquisitions
YoY Change
Other Investing Activities $0.00 $12.72M -$2.270M
YoY Change -660.48% -91.27%
Cash From Investing Activities -$13.56M -$5.835M -$22.32M
YoY Change -43.1% -73.86% -49.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.41M -458.3M -115.3M
YoY Change -67.76% 297.6% -24315.55%
NET CHANGE
Cash From Operating Activities 106.3M 154.9M 134.5M
Cash From Investing Activities -13.56M -5.835M -22.32M
Cash From Financing Activities -29.41M -458.3M -115.3M
Net Change In Cash 63.32M -309.2M -3.131M
YoY Change -3818.03% 9776.65% -103.35%
FREE CASH FLOW
Cash From Operating Activities $106.3M $154.9M $134.5M
Capital Expenditures $13.56M $18.56M $20.05M
Free Cash Flow $92.73M $136.3M $114.4M
YoY Change 3.57% 19.17% -3.75%

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CY2024Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2024Q1 us-gaap Dividends
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7136000 usd
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CY2022Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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26000 usd
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CY2022Q3 us-gaap Dividends
Dividends
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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2679000 usd
CY2022Q4 pinc Restricted Stock Vested Repurchased During Period Value
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41000 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
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CY2022Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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26000 usd
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q4 us-gaap Dividends
Dividends
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6560000 usd
CY2023Q1 pinc Restricted Stock Vested Repurchased During Period Value
RestrictedStockVestedRepurchasedDuringPeriodValue
297000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
48649000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2023Q1 pinc Adjustments To Additional Paid In Capital Change In Ownership Of Consolidated Entity
AdjustmentsToAdditionalPaidInCapitalChangeInOwnershipOfConsolidatedEntity
28000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2023Q1 us-gaap Dividends
Dividends
25223000 usd
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
ProfitLoss
46114000 usd
us-gaap Profit Loss
ProfitLoss
155982000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
98572000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Deferred Income Tax Expense Benefit
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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 Asset Impairment Charges
AssetImpairmentCharges
140053000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
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us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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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
IncreaseDecreaseInContractWithCustomerAsset
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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pinc Increase Decrease In Revenue Share Payable
IncreaseDecreaseInRevenueSharePayable
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pinc Increase Decrease In Revenue Share Payable
IncreaseDecreaseInRevenueSharePayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
40383000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
58464000 usd
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
12753000 usd
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
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us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
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us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
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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
NetCashProvidedByUsedInInvestingActivities
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us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
215000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
265000000 usd
pinc Proceeds From Sale Of Future Revenues And Escrow
ProceedsFromSaleOfFutureRevenuesAndEscrow
629820000 usd
pinc Proceeds From Sale Of Future Revenues And Escrow
ProceedsFromSaleOfFutureRevenuesAndEscrow
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pinc Payments Of Liability For Future Revenues Net Of Imputed Interest
PaymentsOfLiabilityForFutureRevenuesNetOfImputedInterest
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pinc Payments Of Liability For Future Revenues Net Of Imputed Interest
PaymentsOfLiabilityForFutureRevenuesNetOfImputedInterest
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us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
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us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
400000000 usd
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5350000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
89793000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
86143000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
61856000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
91493000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q1 pinc Number Of Sub Brands
NumberOfSubBrands
3 brand
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
24000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5000 usd
pinc Cumulative Dividend Equivalents
CumulativeDividendEquivalents
1459000 usd
pinc Cumulative Dividend Equivalents
CumulativeDividendEquivalents
778000 usd
CY2024Q1 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
2992000 usd
CY2023Q1 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
0 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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0 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
7800000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates in the Preparation of Financial Statements</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 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, software licenses, 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 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.</span></div>
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
27876000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
0 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-291000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
28167000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
24098000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
228511000 usd
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
231826000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
753000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4630000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1639000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
14547000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
0 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-3076000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
27174000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
26603000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
-1375000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-2939000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
28167000 usd
CY2024Q1 pinc Fair Value Inputs Market Interest Rate
FairValueInputsMarketInterestRate
0.016
CY2023Q2 pinc Fair Value Inputs Market Interest Rate
FairValueInputsMarketInterestRate
0.016
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
20700000 usd
CY2024Q1 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
7300000 usd
CY2024Q1 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
1100000 usd
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
4600000 usd
CY2023Q1 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
5400000 usd
us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
3900000 usd
CY2023Q1 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
-700000 usd
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
-2700000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
757300000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.37
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.22
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2023Q2 us-gaap Goodwill
Goodwill
1012355000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
16503000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
995852000 usd
CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
565214000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
286161000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
279053000 usd
CY2023Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
695714000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
265684000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
430030000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
279053000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
430030000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
9794000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
38189000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
36945000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
34294000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
30681000 usd
CY2024Q1 pinc Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
129150000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
279053000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
127622000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
418468000 usd
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
102067000 usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
316211000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
25555000 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
102257000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-40195000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
46801000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
58868000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
153563000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024Q1 us-gaap Earnings Per Share Diluted
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Profit Loss
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NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
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us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsRedeemable
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CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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NetIncomeLossAvailableToCommonStockholdersBasic
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NetIncomeLossAvailableToCommonStockholdersBasic
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CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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AllocatedShareBasedCompensationExpense
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AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2024Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2024Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
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AllocatedShareBasedCompensationExpenseNetOfTax
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us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
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AllocatedShareBasedCompensationExpenseNetOfTax
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CY2023Q1 pinc Deferred Tax Expense Benefit Employee Service Sharebased Compensation
DeferredTaxExpenseBenefitEmployeeServiceSharebasedCompensation
700000 usd
CY2024Q1 pinc Deferred Tax Expense Benefit Employee Service Sharebased Compensation
DeferredTaxExpenseBenefitEmployeeServiceSharebasedCompensation
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pinc Deferred Tax Expense Benefit Employee Service Sharebased Compensation
DeferredTaxExpenseBenefitEmployeeServiceSharebasedCompensation
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pinc Deferred Tax Expense Benefit Employee Service Sharebased Compensation
DeferredTaxExpenseBenefitEmployeeServiceSharebasedCompensation
200000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
0 shares
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.26
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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EffectiveIncomeTaxRateContinuingOperations
0.28
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CY2024Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
2400000 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y1M6D
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LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3150000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
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CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
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OperatingLeaseLiability
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CY2024Q1 pinc Number Of Sub Brands
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CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32777000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32191000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2024Q1 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
18558000 usd
CY2023Q1 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
20048000 usd
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
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us-gaap Segment Expenditure Addition To Long Lived Assets
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58464000 usd
CY2024Q1 us-gaap Assets
Assets
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CY2023Q2 us-gaap Assets
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CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
65881000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
215748000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
753000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4630000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1639000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
14547000 usd
CY2024Q1 us-gaap Investment Income Net
InvestmentIncomeNet
-1763000 usd
CY2023Q1 us-gaap Investment Income Net
InvestmentIncomeNet
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us-gaap Investment Income Net
InvestmentIncomeNet
870000 usd
us-gaap Investment Income Net
InvestmentIncomeNet
-11759000 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14913000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2954000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
18500000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3720000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
62566000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
45935000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
209240000 usd
CY2024Q1 us-gaap Depreciation
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20497000 usd
us-gaap Depreciation
Depreciation
61092000 usd
us-gaap Depreciation
Depreciation
65153000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12280000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11916000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37480000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35415000 usd
CY2024Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
8283000 usd
CY2023Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
23671000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
16859000 usd
CY2024Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1092000 usd
CY2023Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6294000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
8495000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
11592000 usd
CY2024Q1 us-gaap Restructuring Charges
RestructuringCharges
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CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
1942000 usd
us-gaap Restructuring Charges
RestructuringCharges
2969000 usd
us-gaap Restructuring Charges
RestructuringCharges
10988000 usd
CY2024Q1 pinc Deferred Compensation Plan Compensation Income Expense
DeferredCompensationPlanCompensationIncomeExpense
3889000 usd
CY2023Q1 pinc Deferred Compensation Plan Compensation Income Expense
DeferredCompensationPlanCompensationIncomeExpense
2859000 usd
pinc Deferred Compensation Plan Compensation Income Expense
DeferredCompensationPlanCompensationIncomeExpense
7369000 usd
pinc Deferred Compensation Plan Compensation Income Expense
DeferredCompensationPlanCompensationIncomeExpense
3148000 usd
CY2024Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
140053000 usd
CY2023Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
140053000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q1 pinc Other Expenses Income Net
OtherExpensesIncomeNet
-22000 usd
CY2023Q1 pinc Other Expenses Income Net
OtherExpensesIncomeNet
95000 usd
pinc Other Expenses Income Net
OtherExpensesIncomeNet
85000 usd
pinc Other Expenses Income Net
OtherExpensesIncomeNet
260000 usd
CY2024Q1 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
107282000 usd
CY2023Q1 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
112656000 usd
pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
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SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
352655000 usd
CY2024Q1 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
107282000 usd
CY2023Q1 pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
112656000 usd
pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
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pinc Segment Adjusted Earnings Before Interest Taxes Depreciation And Amortization
SegmentAdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
352655000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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