$PRDO
Perdoceo Education Corp Stock $prdo

$prdo Overview Financials Valuation SEC Filings Company Website

2016 Q4 Form 10-Q Financial Statement

#000156459016027351 Filed on November 03, 2016

Income Statement

Concept	2016 Q4	2015 Q3
Revenue	$155.3M	$203.5M
YoY Change	-22.35%	-10.49%
Cost Of Revenue	$64.10M	$74.90M
YoY Change	-49.41%	23.19%
Gross Profit	$91.10M	$128.6M
YoY Change	-54.77%	5.41%
Gross Profit Margin	58.68%	63.2%
Selling, General & Admin	$140.4M	$133.2M
YoY Change	-26.49%	0.83%
% of Gross Profit	154.12%	103.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.700M	$6.000M
YoY Change	14.0%	-54.55%
% of Gross Profit	6.26%	4.67%
Operating Expenses	$146.2M	$139.1M
YoY Change	-25.41%	-1.28%
Operating Profit	-$55.91M	-$43.99M
YoY Change	1322.93%	-0.78%
Interest Expense	$200.0K	$0.00
YoY Change	-300.0%	-100.0%
% of Operating Profit
Other Income/Expense, Net	$300.0K	$100.0K
YoY Change	-400.0%	23.46%
Pretax Income	-$55.40M	-$11.49M
YoY Change	16.14%	-74.36%
Income Tax	-$25.30M	$0.00
% Of Pretax Income
Net Earnings	-$32.88M	-$45.24M
YoY Change	-123.03%	-5.7%
Net Earnings / Revenue	-21.18%	-22.23%
Basic Earnings Per Share	-$0.48	-$0.67
Diluted Earnings Per Share	-$0.48	-$0.67
COMMON SHARES
Basic Shares Outstanding	68.49M	67.95M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q4	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$197.2M	$185.7M
YoY Change	8.47%	-21.88%
Cash & Equivalents	$49.51M	$68.94M
Short-Term Investments	$147.7M	$116.8M
Other Short-Term Assets	$817.0K	$1.565M
YoY Change	-67.62%	-66.84%
Inventory	$1.868M	$2.353M
Prepaid Expenses	$14.45M	$13.36M
Receivables	$22.83M	$27.70M
Other Receivables	$1.000M	$4.400M
Total Short-Term Assets	$248.2M	$278.4M
YoY Change	-14.11%	-17.22%
LONG-TERM ASSETS
Property, Plant & Equipment	$40.51M	$54.70M
YoY Change	-30.45%	-60.43%
Goodwill	$87.36M
YoY Change	0.0%
Intangibles	$8.500M
YoY Change	-8.6%
Long-Term Investments
YoY Change
Other Assets	$7.608M	$16.90M
YoY Change	-54.06%	-1.55%
Total Long-Term Assets	$311.4M	$170.5M
YoY Change	-3.28%	-40.75%
TOTAL ASSETS
Total Short-Term Assets	$248.2M	$278.4M
Total Long-Term Assets	$311.4M	$170.5M
Total Assets	$559.6M	$448.9M
YoY Change	-8.4%	-28.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$10.10M	$28.29M
YoY Change	-61.02%	-4.61%
Accrued Expenses	$110.4M	$53.50M
YoY Change	75.52%	-12.01%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change	-100.0%
Long-Term Debt Due	$0.00	$0.00
YoY Change	-100.0%
Total Short-Term Liabilities	$169.2M	$187.1M
YoY Change	-12.24%	-3.38%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$31.75M	$67.40M
YoY Change	26.01%	162.31%
Total Long-Term Liabilities	$68.89M	$67.40M
YoY Change	-14.43%	-45.95%
TOTAL LIABILITIES
Total Short-Term Liabilities	$169.2M	$187.1M
Total Long-Term Liabilities	$68.89M	$67.40M
Total Liabilities	$238.1M	$254.4M
YoY Change	-12.88%	-20.09%
SHAREHOLDERS EQUITY
Retained Earnings	-$76.23M
YoY Change	32.53%
Common Stock	$614.2M
YoY Change	0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$216.2M
YoY Change	0.26%
Treasury Stock Shares	$15.02M	$14.89M
Shareholders Equity	$321.5M	$194.4M
YoY Change
Total Liabilities & Shareholders Equity	$559.6M	$448.9M
YoY Change	-8.4%	-28.07%

Cashflow Statement

Concept	2016 Q4	2015 Q3
OPERATING ACTIVITIES
Net Income	-$32.88M	-$45.24M
YoY Change	-123.03%	-5.7%
Depreciation, Depletion And Amortization	$5.700M	$6.000M
YoY Change	14.0%	-54.55%
Cash From Operating Activities	-$9.800M	$5.600M
YoY Change	4800.0%	-128.28%
INVESTING ACTIVITIES
Capital Expenditures	-$700.0K	-$2.900M
YoY Change	-81.58%	-19.44%
Acquisitions
YoY Change
Other Investing Activities	$4.300M	$3.200M
YoY Change	2050.0%	-75.0%
Cash From Investing Activities	$3.500M	$300.0K
YoY Change	-197.22%	-96.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	200.0K	-100.0K
YoY Change	-99.3%	-90.91%
NET CHANGE
Cash From Operating Activities	-9.800M	5.600M
Cash From Investing Activities	3.500M	300.0K
Cash From Financing Activities	200.0K	-100.0K
Net Change In Cash	-6.100M	5.800M
YoY Change	-124.5%	-150.0%
FREE CASH FLOW
Cash From Operating Activities	-$9.800M	$5.600M
Capital Expenditures	-$700.0K	-$2.900M
Free Cash Flow	-$9.100M	$8.500M
YoY Change	-352.78%	-152.47%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	66919000
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2016Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	68492085
CY2015Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	49821000
CY2015Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	38000000
CY2015Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	38789000
CY2015Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	40112000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	-90146000
CY2015Q4	ceco	Accrued Advertising And Marketing Costs Current AccruedAdvertisingAndMarketingCostsCurrent	11788000
CY2015Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	1061000
CY2015Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	24082000
CY2015Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	25906000
	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-1.32
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-7373000
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	20463000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-21003000
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	64056000
	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	69436000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7926000
	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	3600000
	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	2272000
	ceco	Payment For Sales Of Business Affiliates And Productive Assets PaymentForSalesOfBusinessAffiliatesAndProductiveAssets	62000
	ceco	Payment For Sales Of Business Affiliates And Productive Assets PaymentForSalesOfBusinessAffiliatesAndProductiveAssets	4125000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-37851000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4399000
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	581000
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1082000
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	38000000
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	10000000
	us-gaap	Proceeds From Repayments Of Restricted Cash Financing Activities ProceedsFromRepaymentsOfRestrictedCashFinancingActivities	48446000
	us-gaap	Proceeds From Repayments Of Restricted Cash Financing Activities ProceedsFromRepaymentsOfRestrictedCashFinancingActivities	9250000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	11027000
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-150000
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	178000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	332000
	us-gaap	Disposal Group Including Discontinued Operation Revenue DisposalGroupIncludingDiscontinuedOperationRevenue	6000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-11260000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-24892000
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	93832000
CY2015Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	68940000
	us-gaap	Nature Of Operations NatureOfOperations	<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1. DESCRIPTION OF THE COMPANY</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Career Education’s academic institutions offer a quality education to a diverse student population in a variety of disciplines through online, campus-based and hybrid learning programs. Our two universities – American InterContinental University (“AIU”) and Colorado Technical University (“CTU”) – provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels. Both universities predominantly serve students online with career-focused degree programs that are designed to meet the educational demands of today’s busy adults. AIU and CTU continue to show innovation in higher education, advancing new personalized learning technologies like their intelli<font style="font-weight:bold;">path</font>™ adaptive learning platform. Career Education is committed to providing quality education that closes the gap between learners who seek to advance their careers and employers needing a qualified workforce.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Additionally, CEC is in the process of teaching out campuses within our Transitional Group and Culinary Arts segments. Students enrolled at these campuses are afforded the reasonable opportunity to complete their program of study prior to the final teach-out date. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A listing of individual campus locations and web links to Career Education’s colleges, institutions and universities can be found at <font style="font-style:italic;">www.careered.com.</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As used in this Quarterly Report on Form 10-Q, the terms “we,” “us,” “our,” “the Company” and “CEC” refer to Career Education Corporation and our wholly-owned subsidiaries. The terms “college,” “institution” and “university” refer to an individual, branded, for-profit educational institution, owned by us and includes its campus locations. The term “campus” refers to an individual main or branch campus operated by one of our colleges, institutions or universities.</p></div>
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	15653000
CY2016Q3	ceco	Number Of Universities NumberOfUniversities	2
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	4
CY2015Q3	us-gaap	Disposal Group Including Discontinued Operation Revenue DisposalGroupIncludingDiscontinuedOperationRevenue	3000
	us-gaap	Disposal Group Including Discontinued Operation Operating Expense DisposalGroupIncludingDiscontinuedOperationOperatingExpense	1636000
	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Before Income Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax	-1616000
	us-gaap	Discontinued Operation Tax Effect Of Discontinued Operation DiscontinuedOperationTaxEffectOfDiscontinuedOperation	-626000
CY2015Q4	us-gaap	Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet	254000
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	1036000
CY2015Q4	us-gaap	Disposal Group Including Discontinued Operation Other Noncurrent Assets DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets	720000
CY2015Q4	us-gaap	Disposal Group Including Discontinued Operation Deferred Tax Assets Noncurrent DisposalGroupIncludingDiscontinuedOperationDeferredTaxAssetsNoncurrent	8091000
CY2015Q4	us-gaap	Assets Of Disposal Group Including Discontinued Operation AssetsOfDisposalGroupIncludingDiscontinuedOperation	9065000
CY2015Q4	us-gaap	Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities	528000
CY2015Q4	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Current DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsCurrent	12539000
CY2015Q4	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Noncurrent DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNoncurrent	9212000
CY2015Q4	us-gaap	Disposal Group Including Discontinued Operation Other Noncurrent Liabilities DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentLiabilities	164000
CY2015Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	22443000
	ceco	Discontinued Operations Lease Expiration Year DiscontinuedOperationsLeaseExpirationYear	2020
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CY2016Q3	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Incurred And Reversal DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsIncurredAndReversal	479000
CY2016Q3	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Net Cash Payments DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNetCashPayments	3049000
CY2016Q3	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Other DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsOther	0
CY2015Q2	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligations	27993000
CY2015Q3	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Incurred And Reversal DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsIncurredAndReversal	151000
CY2015Q3	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Net Cash Payments DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNetCashPayments	3275000
CY2015Q3	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Other DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsOther	50000
CY2015Q4	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligations	21751000
	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Incurred And Reversal DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsIncurredAndReversal	78000
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	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Other DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsOther	0
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	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Incurred And Reversal DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsIncurredAndReversal	564000
	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Net Cash Payments DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsNetCashPayments	12485000
	ceco	Disposal Group Including Discontinued Operation Remaining Lease Obligations Other DisposalGroupIncludingDiscontinuedOperationRemainingLeaseObligationsOther	50000
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CY2016Q3	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	60000
CY2016Q3	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	340000
CY2015Q3	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	337000
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	1027000
CY2016Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	21008000
CY2015Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	18503000
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	20229000
CY2014Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	19097000
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	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	23332000
CY2016Q3	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	8407000
CY2015Q3	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	6213000
	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	22503000
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	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	16032000
CY2015Q3	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	18718000
CY2016Q3	us-gaap	Proceeds From Recoveries Of Loan Previously Charged Off ProceedsFromRecoveriesOfLoanPreviouslyChargedOff	1300000
CY2015Q3	us-gaap	Proceeds From Recoveries Of Loan Previously Charged Off ProceedsFromRecoveriesOfLoanPreviouslyChargedOff	1400000
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CY2015Q2	us-gaap	Restructuring Reserve RestructuringReserve	12863000
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CY2014Q4	us-gaap	Restructuring Reserve RestructuringReserve	2712000
CY2016Q3	us-gaap	Restructuring Charges RestructuringCharges	117000
CY2015Q3	us-gaap	Restructuring Charges RestructuringCharges	52000
	us-gaap	Restructuring Charges RestructuringCharges	389000
	us-gaap	Restructuring Charges RestructuringCharges	13697000
CY2016Q3	us-gaap	Payments For Restructuring PaymentsForRestructuring	1546000
CY2015Q3	us-gaap	Payments For Restructuring PaymentsForRestructuring	2335000
	us-gaap	Payments For Restructuring PaymentsForRestructuring	9176000
	us-gaap	Payments For Restructuring PaymentsForRestructuring	5399000
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	us-gaap	Restructuring Reserve Accrual Adjustment1 RestructuringReserveAccrualAdjustment1	-97000
	us-gaap	Restructuring Reserve Accrual Adjustment1 RestructuringReserveAccrualAdjustment1	-1260000
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	ceco	Lease Expiration Teach Out Campuses LeaseExpirationTeachOutCampuses	2023
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CY2015Q2	ceco	Remaining Lease Obligations RemainingLeaseObligations	5480000
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	ceco	Remaining Lease Obligations Incurred RemainingLeaseObligationsIncurred	13994000
	ceco	Remaining Lease Obligations Incurred RemainingLeaseObligationsIncurred	17527000
CY2016Q3	ceco	Remaining Lease Obligations Net Cash Payments RemainingLeaseObligationsNetCashPayments	3476000
CY2015Q3	ceco	Remaining Lease Obligations Net Cash Payments RemainingLeaseObligationsNetCashPayments	6399000
	ceco	Remaining Lease Obligations Net Cash Payments RemainingLeaseObligationsNetCashPayments	11476000
	ceco	Remaining Lease Obligations Net Cash Payments RemainingLeaseObligationsNetCashPayments	16112000
CY2016Q3	ceco	Remaining Lease Obligations Other RemainingLeaseObligationsOther	1303000
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	ceco	Remaining Lease Obligations Other RemainingLeaseObligationsOther	4469000
	ceco	Remaining Lease Obligations Other RemainingLeaseObligationsOther	3921000
CY2016Q3	ceco	Remaining Lease Obligations RemainingLeaseObligations	19879000
CY2015Q3	ceco	Remaining Lease Obligations RemainingLeaseObligations	12430000
CY2016Q3	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	2600000
CY2015Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	2700000
CY2012Q1	ceco	Number Of Oig Findings NumberOfOigFindings	3
CY2012Q1	ceco	Campus Number With Documentation Finding By Office Of Inspector General CampusNumberWithDocumentationFindingByOfficeOfInspectorGeneral	1
CY2012Q1	ceco	Campus Number With Calculation Finding By Office Of Inspector General CampusNumberWithCalculationFindingByOfficeOfInspectorGeneral	1
CY2016Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.044
CY2015Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.001
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.366
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.010
CY2015Q4	ceco	Deferred Tax Assets Valuation Allowance Related To Foreign Tax Credits State Net Operating Loss And Edge Credits DeferredTaxAssetsValuationAllowanceRelatedToForeignTaxCreditsStateNetOperatingLossAndEdgeCredits	47500000
	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	2100000
	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	0.088
CY2015Q3	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.424
	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.418
CY2016Q3	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	1900000
	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Expense UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense	2000000
CY2016Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	6000000
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod	P4Y
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2658000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	906000
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	75000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	121000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod	266000
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3102000
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	1830000
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	14.27
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	4.79
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	3.66
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	5.11
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice	25.39
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	11.16
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	15.61
	ceco	Restricted Stock Units To Be Settled In Cash Exercisable In Percentage RestrictedStockUnitsToBeSettledInCashExercisableInPercentage	0.25
CY2015Q4	ceco	Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Number ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedNumber	91000
	ceco	Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsGrantsInPeriod	0
	ceco	Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Unit Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitVestedInPeriod	15000
	ceco	Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsForfeitedInPeriod	0
CY2016Q3	ceco	Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Number ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedNumber	76000
CY2015Q4	ceco	Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedWeightedAverageGrantDateFairValue	4.43
	ceco	Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Vested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsVestedWeightedAverageGrantDateFairValue	4.39
CY2016Q3	ceco	Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedWeightedAverageGrantDateFairValue	4.44
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1	P4Y
CY2015Q4	ceco	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Non Vested Number Settled In Cash ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedNumberSettledInCash	1575000
	ceco	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Settled In Cash ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodSettledInCash	461000
	ceco	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested Settled In Cash ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedSettledInCash	606000
	ceco	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited Settled In Cash ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedSettledInCash	208000
CY2016Q3	ceco	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Non Vested Number Settled In Cash ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedNumberSettledInCash	1222000
	ceco	Expense For Restricted Stock Units Settled In Cash ExpenseForRestrictedStockUnitsSettledInCash	3400000
CY2016Q3	ceco	Expense For Restricted Stock Units Settled In Cash ExpenseForRestrictedStockUnitsSettledInCash	1400000
CY2016Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2217000
CY2015Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1439000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	5618000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3904000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P3Y
	ceco	Performance Unit Awards Expense PerformanceUnitAwardsExpense	2600000
	ceco	Performance Unit Awards Expense PerformanceUnitAwardsExpense	700000
CY2016Q3	ceco	Performance Unit Awards Expense PerformanceUnitAwardsExpense	1700000
CY2015Q3	ceco	Performance Unit Awards Expense PerformanceUnitAwardsExpense	1000000
	ceco	Common Stock Equivalents CommonStockEquivalents	561000
CY2016Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0
CY2015Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0
CY2016Q3	ceco	Percentage Of Revenue PercentageOfRevenue	1.000
CY2015Q3	ceco	Percentage Of Revenue PercentageOfRevenue	1.000
	ceco	Percentage Of Revenue PercentageOfRevenue	1.000
	ceco	Percentage Of Revenue PercentageOfRevenue	1.000

Files In Submission

Name	View Source	Status
0001564590-16-027351-index-headers.html	Edgar Link	pending
0001564590-16-027351-index.html	Edgar Link	pending
0001564590-16-027351.txt	Edgar Link	pending
0001564590-16-027351-xbrl.zip	Edgar Link	pending
ceco-10q_20160930.htm	Edgar Link	pending
ceco-20160930.xml	Edgar Link	completed
ceco-20160930.xsd	Edgar Link	pending
ceco-20160930_cal.xml	Edgar Link	unprocessable
ceco-20160930_def.xml	Edgar Link	unprocessable
ceco-20160930_lab.xml	Edgar Link	unprocessable
ceco-20160930_pre.xml	Edgar Link	unprocessable
ceco-ex101_173.htm	Edgar Link	pending
ceco-ex311_6.htm	Edgar Link	pending
ceco-ex312_8.htm	Edgar Link	pending
ceco-ex321_10.htm	Edgar Link	pending
ceco-ex322_9.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
g2016110317334444710342.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R5.htm	Edgar Link	pending
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R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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2016 Q4 Form 10-Q Financial Statement

#000156459016027351 Filed on November 03, 2016

Income Statement

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Facts In Submission

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$PRDO Perdoceo Education Corp Stock $prdo

2016 Q4 Form 10-Q Financial Statement

#000156459016027351 Filed on November 03, 2016

Income Statement

Balance Sheet

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Facts In Submission

Files In Submission

$PRDO
Perdoceo Education Corp Stock $prdo