2020 Q1 Form 10-Q Financial Statement
#000156459020022879 Filed on May 07, 2020
Income Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| Revenue | $171.0M | $157.9M |
| YoY Change | 8.32% | 6.61% |
| Cost Of Revenue | $26.90M | $26.30M |
| YoY Change | 2.28% | -2.23% |
| Gross Profit | $144.1M | $131.5M |
| YoY Change | 9.58% | 8.59% |
| Gross Profit Margin | 84.27% | 83.31% |
| Selling, General & Admin | $103.5M | $99.30M |
| YoY Change | 4.23% | 1.33% |
| % of Gross Profit | 71.83% | 75.51% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $2.639M | $2.233M |
| YoY Change | 18.18% | -13.52% |
| % of Gross Profit | 1.83% | 1.7% |
| Operating Expenses | $133.7M | $127.9M |
| YoY Change | 4.54% | 0.27% |
| Operating Profit | $37.30M | $29.97M |
| YoY Change | 24.46% | 45.99% |
| Interest Expense | $1.400M | $1.400M |
| YoY Change | 0.0% | 1184.4% |
| % of Operating Profit | 3.75% | 4.67% |
| Other Income/Expense, Net | $0.00 | $200.0K |
| YoY Change | -100.0% | -76.55% |
| Pretax Income | $38.74M | $31.60M |
| YoY Change | 22.6% | 47.76% |
| Income Tax | $9.604M | $6.407M |
| % Of Pretax Income | 24.79% | 20.28% |
| Net Earnings | $29.11M | $24.79M |
| YoY Change | 17.41% | 41.65% |
| Net Earnings / Revenue | 17.02% | 15.71% |
| Basic Earnings Per Share | $0.42 | $0.35 |
| Diluted Earnings Per Share | $0.41 | $0.35 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 69.84M | 69.84M |
| Diluted Shares Outstanding | 71.71M | 71.49M |
Balance Sheet
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $281.6M | $239.6M |
| YoY Change | 17.53% | 31.5% |
| Cash & Equivalents | $41.93M | $39.14M |
| Short-Term Investments | $243.7M | $200.8M |
| Other Short-Term Assets | $1.619M | $9.500M |
| YoY Change | -82.96% | -43.79% |
| Inventory | $553.0K | $700.0K |
| Prepaid Expenses | $10.39M | |
| Receivables | $32.60M | $29.80M |
| Other Receivables | $1.500M | $2.600M |
| Total Short-Term Assets | $332.3M | $282.2M |
| YoY Change | 17.75% | 25.2% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $28.35M | $71.80M |
| YoY Change | -60.52% | 124.38% |
| Goodwill | $118.8M | |
| YoY Change | ||
| Intangibles | $18.30M | |
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $5.876M | $80.00M |
| YoY Change | -92.66% | -21.49% |
| Total Long-Term Assets | $274.2M | $248.0M |
| YoY Change | 10.58% | 6.94% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $332.3M | $282.2M |
| Total Long-Term Assets | $274.2M | $248.0M |
| Total Assets | $606.5M | $530.2M |
| YoY Change | 14.4% | 15.94% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $9.624M | $13.10M |
| YoY Change | -26.53% | 11.97% |
| Accrued Expenses | $40.70M | $42.30M |
| YoY Change | -3.78% | -20.19% |
| Deferred Revenue | $29.00M | |
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $92.29M | $92.60M |
| YoY Change | -0.34% | -18.84% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $69.10M | $57.20M |
| YoY Change | 20.8% | 88.78% |
| Total Long-Term Liabilities | $69.10M | $57.20M |
| YoY Change | 20.8% | 88.92% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $92.29M | $92.60M |
| Total Long-Term Liabilities | $69.10M | $57.20M |
| Total Liabilities | $161.4M | $149.8M |
| YoY Change | 7.74% | 3.74% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $445.1M | $380.3M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $606.5M | $530.2M |
| YoY Change | 14.39% | 15.93% |
Cashflow Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $29.11M | $24.79M |
| YoY Change | 17.41% | 41.65% |
| Depreciation, Depletion And Amortization | $2.639M | $2.233M |
| YoY Change | 18.18% | -13.52% |
| Cash From Operating Activities | $44.77M | $12.95M |
| YoY Change | 245.83% | 16.66% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.000M | -$500.0K |
| YoY Change | 100.0% | -64.29% |
| Acquisitions | $34.07M | |
| YoY Change | ||
| Other Investing Activities | -$96.90M | -$3.600M |
| YoY Change | 2591.67% | 140.0% |
| Cash From Investing Activities | -$93.94M | -$4.117M |
| YoY Change | 2181.76% | 41.87% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $16.90M | $109.0K |
| YoY Change | 15400.92% | -87.54% |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -17.58M | -2.423M |
| YoY Change | 625.67% | 15.05% |
| NET CHANGE | ||
| Cash From Operating Activities | 44.77M | 12.95M |
| Cash From Investing Activities | -93.94M | -4.117M |
| Cash From Financing Activities | -17.58M | -2.423M |
| Net Change In Cash | -66.76M | 6.405M |
| YoY Change | -1142.23% | 5.21% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $44.77M | $12.95M |
| Capital Expenditures | -$1.000M | -$500.0K |
| Free Cash Flow | $45.77M | $13.45M |
| YoY Change | 240.41% | 7.59% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q1 | us-gaap |
Inventory Net
InventoryNet
|
553000 | |
| CY2020Q1 | prdo |
Cash Cash Equivalents Restricted Cash And Short Term Investments
CashCashEquivalentsRestrictedCashAndShortTermInvestments
|
285583000 | |
| CY2020Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2020Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
5876000 | |
| CY2020Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1619000 | |
| CY2020Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
95588000 | |
| CY2020Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
28349000 | |
| CY2020Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
51088000 | |
| CY2020Q1 | us-gaap |
Goodwill
Goodwill
|
118777000 | |
| CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1400000 | |
| CY2020Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
18300000 | |
| CY2020Q1 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
50701000 | |
| CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
41932000 | |
| CY2020Q1 | us-gaap |
Other Receivables
OtherReceivables
|
1576000 | |
| CY2020Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
10389000 | |
| CY2020Q1 | us-gaap |
Assets
Assets
|
606526000 | |
| CY2020Q1 | us-gaap |
Assets Current
AssetsCurrent
|
332293000 | |
| CY2020Q1 | prdo |
Length Of Academic Year
LengthOfAcademicYear
|
P210D | |
| CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
|
P4Y | |
| CY2020Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
12419000 | |
| CY2020Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
9624000 | |
| CY2020Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
1489000 | |
| CY2019Q1 | prdo |
Educational Services And Facilities Expense
EducationalServicesAndFacilitiesExpense
|
26327000 | |
| CY2019Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
99322000 | |
| CY2020Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
133691000 | |
| CY2019Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
127882000 | |
| CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
29971000 | |
| CY2019Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2233000 | |
| CY2020Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P74M | |
| CY2019Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P70M | |
| CY2020Q1 | prdo |
Accrued Advertising And Marketing Costs Current
AccruedAdvertisingAndMarketingCostsCurrent
|
11478000 | |
| CY2020Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
12532000 | |
| CY2020Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
15745000 | |
| CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
347000 | |
| CY2020Q1 | prdo |
Contract With Customer Receivable Before Allowance For Credit Loss Current
ContractWithCustomerReceivableBeforeAllowanceForCreditLossCurrent
|
66638000 | |
| CY2020Q1 | prdo |
Contract With Customer Receivable After Allowance For Credit Loss Noncurrent
ContractWithCustomerReceivableAfterAllowanceForCreditLossNoncurrent
|
1142000 | |
| CY2019Q4 | prdo |
Contract With Customer Receivable After Allowance For Credit Loss Noncurrent
ContractWithCustomerReceivableAfterAllowanceForCreditLossNoncurrent
|
1244000 | |
| CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
170994000 | |
| CY2020Q1 | prdo |
Educational Services And Facilities Expense
EducationalServicesAndFacilitiesExpense
|
26911000 | |
| CY2020Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
103529000 | |
| CY2020Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2639000 | |
| CY2020Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
28219000 | |
| CY2019Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
25138000 | |
| CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.42 | |
| CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.36 | |
| CY2019Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.01 | |
| CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.42 | |
| CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.35 | |
| CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.41 | |
| CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.35 | |
| CY2020Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
612000 | |
| CY2020Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-26000 | |
| CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
29106000 | |
| CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
24791000 | |
| CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-48000 | |
| CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-52000 | |
| CY2020Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-839000 | |
| CY2019Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
399000 | |
| CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-887000 | |
| CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.41 | |
| CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.35 | |
| CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
69839000 | |
| CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
69837000 | |
| CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
71714000 | |
| CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
71492000 | |
| CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
431295000 | |
| CY2020Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
17309000 | |
| CY2019Q4 | prdo |
Contract With Customer Receivable Before Allowance For Credit Loss Current
ContractWithCustomerReceivableBeforeAllowanceForCreditLossCurrent
|
84874000 | |
| CY2020Q1 | prdo |
Contract With Customer Receivable Allowance For Credit Loss Current
ContractWithCustomerReceivableAllowanceForCreditLossCurrent
|
34065000 | |
| CY2019Q4 | prdo |
Contract With Customer Receivable Allowance For Credit Loss Current
ContractWithCustomerReceivableAllowanceForCreditLossCurrent
|
29856000 | |
| CY2020Q1 | prdo |
Contract With Customer Receivable After Allowance For Credit Loss Current
ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent
|
32573000 | |
| CY2019Q4 | prdo |
Contract With Customer Receivable After Allowance For Credit Loss Current
ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent
|
55018000 | |
| CY2020Q1 | prdo |
Contract With Customer Receivable Before Allowance For Credit Loss Noncurrent
ContractWithCustomerReceivableBeforeAllowanceForCreditLossNoncurrent
|
3172000 | |
| CY2019Q4 | prdo |
Contract With Customer Receivable Before Allowance For Credit Loss Noncurrent
ContractWithCustomerReceivableBeforeAllowanceForCreditLossNoncurrent
|
3352000 | |
| CY2020Q1 | prdo |
Contract With Customer Receivable Allowance For Credit Loss Noncurrent
ContractWithCustomerReceivableAllowanceForCreditLossNoncurrent
|
2030000 | |
| CY2019Q4 | prdo |
Contract With Customer Receivable Allowance For Credit Loss Noncurrent
ContractWithCustomerReceivableAllowanceForCreditLossNoncurrent
|
2108000 | |
| CY2020Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
29002000 | |
| CY2020Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
92289000 | |
| CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3212000 | |
| CY2020Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
274000 | |
| CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
445143000 | |
| CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
355203000 | |
| CY2020Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
612000 | |
| CY2019Q1 | us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
|
1035000 | |
| CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1369000 | |
| CY2019Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2423000 | |
| CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
29106000 | |
| CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
24791000 | |
| CY2020Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2639000 | |
| CY2019Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2233000 | |
| CY2020Q1 | prdo |
Provision For Doubtful Accounts Including Discontinued Operations
ProvisionForDoubtfulAccountsIncludingDiscontinuedOperations
|
12862000 | |
| CY2019Q1 | prdo |
Provision For Doubtful Accounts Including Discontinued Operations
ProvisionForDoubtfulAccountsIncludingDiscontinuedOperations
|
11709000 | |
| CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3212000 | |
| CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1369000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-9468000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-6778000 | |
| CY2020Q1 | prdo |
Increase Decrease In Operating Assets And Liabilities
IncreaseDecreaseInOperatingAssetsAndLiabilities
|
9131000 | |
| CY2019Q1 | prdo |
Increase Decrease In Operating Assets And Liabilities
IncreaseDecreaseInOperatingAssetsAndLiabilities
|
33935000 | |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
48768000 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
12945000 | |
| CY2020Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
111753000 | |
| CY2019Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
138700000 | |
| CY2020Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
52893000 | |
| CY2019Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
135062000 | |
| CY2020Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
1015000 | |
| CY2019Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
479000 | |
| CY2020Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
38065000 | |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-97940000 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4117000 | |
| CY2020Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
413000 | |
| CY2019Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
109000 | |
| CY2020Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
17309000 | |
| CY2020Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
687000 | |
| CY2019Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2532000 | |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-17583000 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2423000 | |
| CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-66755000 | |
| CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
6405000 | |
| CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
108687000 | |
| CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
32731000 | |
| CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
41932000 | |
| CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
39136000 | |
| CY2019Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
24647000 | |
| CY2019Q4 | prdo |
Gross Deferred Revenue
GrossDeferredRevenue
|
63204000 | |
| CY2018Q4 | prdo |
Gross Deferred Revenue
GrossDeferredRevenue
|
51694000 | |
| CY2019Q1 | prdo |
Operating Cash Flows From Subleases
OperatingCashFlowsFromSubleases
|
1250000 | |
| CY2020Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.050 | |
| CY2019Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.054 | |
| CY2020Q1 | prdo |
Number Of Subleases
NumberOfSubleases
|
6 | |
| CY2020Q1 | prdo |
Number Of Leased Facilities Which Are Subleased
NumberOfLeasedFacilitiesWhichAreSubleased
|
5 | |
| CY2020Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<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;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Perdoceo’s academic institutions offer a quality postsecondary education primarily online to a diverse student population, along with campus-based and blended learning programs. <span style="color:#000000;">Our two regionally accredited universities – Colorado Technical University </span><span style="font-style:italic;color:#000000;">(“CTU”)</span><span style="color:#000000;"> and American InterContinental University </span><span style="font-style:italic;color:#000000;">(“AIU”)</span><span style="color:#000000;"> –</span> provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels. Both universities offer students industry-relevant and career-focused degree programs that are designed to meet the educational needs of today’s busy adults. CTU and AIU continue to show innovation in higher education, advancing new personalized learning technologies like their intelli<span style="font-weight:bold;">path</span><span style="font-size:6.5pt;"><sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup></span> learning platform and using data analytics and technology to support students and enhance learning. Perdoceo 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%;color:#000000;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 Perdoceo’s institutions can be found at <span style="font-style:italic;">www.perdoceoed.com. </span></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 <span style="color:#000000;">“we,” “us,” “our,” “the Company,” “Perdoceo” and “PEC” refer to Perdoceo Education Corporation and our wholly-owned subsidiaries. The terms “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 institutions.</span></p> | |
| CY2020Q1 | prdo |
Number Of Regionally Accredited Universities
NumberOfRegionallyAccreditedUniversities
|
2 | |
| CY2020Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
| CY2020Q1 | prdo |
Short Term Investment Continuous Unrealized Gain Loss Position Period
ShortTermInvestmentContinuousUnrealizedGainLossPositionPeriod
|
P1Y | |
| CY2020Q1 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
1443000 | |
| CY2019Q1 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
348000 | |
| CY2020Q1 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
1400000 | |
| CY2020Q1 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
400000 | |
| CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
170994000 | |
| CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
157853000 | |
| CY2020Q1 | prdo |
Gross Deferred Revenue
GrossDeferredRevenue
|
56920000 | |
| CY2019Q4 | prdo |
Gross Deferred Revenue
GrossDeferredRevenue
|
63204000 | |
| CY2020Q1 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
27918000 | |
| CY2019Q4 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
38557000 | |
| CY2020Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
29002000 | |
| CY2020Q1 | us-gaap |
Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
|
13395000 | |
| CY2020Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
56667000 | |
| CY2019Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
44005000 | |
| CY2020Q1 | prdo |
Current Period Charges
CurrentPeriodCharges
|
149692000 | |
| CY2019Q1 | prdo |
Current Period Charges
CurrentPeriodCharges
|
140549000 | |
| CY2020Q1 | prdo |
Contract With Customers New Revenue During Period
ContractWithCustomersNewRevenueDuringPeriod
|
113727000 | |
| CY2019Q1 | prdo |
Contract With Customers New Revenue During Period
ContractWithCustomersNewRevenueDuringPeriod
|
113223000 | |
| CY2020Q1 | prdo |
Deferred Revenue Other Adjustments
DeferredRevenueOtherAdjustments
|
-1023000 | |
| CY2019Q1 | prdo |
Deferred Revenue Other Adjustments
DeferredRevenueOtherAdjustments
|
-1066000 | |
| CY2020Q1 | prdo |
Gross Deferred Revenue
GrossDeferredRevenue
|
56920000 | |
| CY2019Q1 | prdo |
Gross Deferred Revenue
GrossDeferredRevenue
|
36081000 | |
| CY2019Q4 | prdo |
Refund Liability Reserve
RefundLiabilityReserve
|
1100000 | |
| CY2020Q1 | prdo |
Refund Liability Reserve
RefundLiabilityReserve
|
1100000 | |
| CY2020Q1 | us-gaap |
Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
|
1100000 | |
| CY2019Q4 | us-gaap |
Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
|
1200000 | |
| CY2019Q4 | prdo |
Contract With Customer Receivable Allowance For Credit Loss
ContractWithCustomerReceivableAllowanceForCreditLoss
|
31964000 | |
| CY2018Q4 | prdo |
Contract With Customer Receivable Allowance For Credit Loss
ContractWithCustomerReceivableAllowanceForCreditLoss
|
24836000 | |
| CY2020Q1 | prdo |
Contract With Customer Receivable Allowance For Credit Loss Related To Business Acquisition
ContractWithCustomerReceivableAllowanceForCreditLossRelatedToBusinessAcquisition
|
2174000 | |
| CY2020Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
12862000 | |
| CY2019Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
11722000 | |
| CY2020Q1 | prdo |
Allowance For Credit Loss Receivable Write Offs
AllowanceForCreditLossReceivableWriteOffs
|
11601000 | |
| CY2019Q1 | prdo |
Allowance For Credit Loss Receivable Write Offs
AllowanceForCreditLossReceivableWriteOffs
|
9499000 | |
| CY2020Q1 | prdo |
Allowance For Credit Loss Receivable Recoveries
AllowanceForCreditLossReceivableRecoveries
|
696000 | |
| CY2019Q1 | prdo |
Allowance For Credit Loss Receivable Recoveries
AllowanceForCreditLossReceivableRecoveries
|
870000 | |
| CY2020Q1 | prdo |
Contract With Customer Receivable Allowance For Credit Loss
ContractWithCustomerReceivableAllowanceForCreditLoss
|
36095000 | |
| CY2019Q1 | prdo |
Contract With Customer Receivable Allowance For Credit Loss
ContractWithCustomerReceivableAllowanceForCreditLoss
|
27929000 | |
| CY2020Q1 | prdo |
Operating Lease Expiration Date
OperatingLeaseExpirationDate
|
2028 | |
| CY2020Q1 | prdo |
Fixed Operating Lease Expenses
FixedOperatingLeaseExpenses
|
3148000 | |
| CY2019Q1 | prdo |
Fixed Operating Lease Expenses
FixedOperatingLeaseExpenses
|
3370000 | |
| CY2020Q1 | prdo |
Variable Operating Lease Expenses
VariableOperatingLeaseExpenses
|
1915000 | |
| CY2019Q1 | prdo |
Variable Operating Lease Expenses
VariableOperatingLeaseExpenses
|
2386000 | |
| CY2020Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
788000 | |
| CY2019Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
1108000 | |
| CY2020Q1 | us-gaap |
Lease Cost
LeaseCost
|
4275000 | |
| CY2019Q1 | us-gaap |
Lease Cost
LeaseCost
|
4648000 | |
| CY2020Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
6190000 | |
| CY2019Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
10100000 | |
| CY2020Q1 | prdo |
Operating Cash Flows From Subleases
OperatingCashFlowsFromSubleases
|
676000 | |
| CY2020Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
800000 | |
| CY2020Q1 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsForfeitedInPeriod
|
0 | |
| CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
2096000 | |
| CY2020Q1 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsGrantsInPeriod
|
0 | |
| CY2020Q1 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0 | |
| CY2020Q1 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Unit Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitVestedInPeriod
|
0 | |
| CY2020Q1 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Vested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsVestedWeightedAverageGrantDateFairValue
|
0 | |
| CY2019Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
1100000 | |
| CY2020Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
600000 | |
| CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
38736000 | |
| CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
31595000 | |
| CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9604000 | |
| CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6407000 | |
| CY2020Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.248 | |
| CY2019Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.203 | |
| CY2019Q4 | prdo |
Deferred Tax Assets Valuation Allowance Related To Foreign Tax Credits State Net Operating Loss
DeferredTaxAssetsValuationAllowanceRelatedToForeignTaxCreditsStateNetOperatingLoss
|
45000000.0 | |
| CY2020Q1 | prdo |
Deferred Tax Assets Valuation Allowance Related To Foreign Tax Credits State Net Operating Loss
DeferredTaxAssetsValuationAllowanceRelatedToForeignTaxCreditsStateNetOperatingLoss
|
45000000.0 | |
| CY2020Q1 | prdo |
Effective Income Tax Rate Reconciliation Change From Discreet Tax Items
EffectiveIncomeTaxRateReconciliationChangeFromDiscreetTaxItems
|
0.019 | |
| CY2019Q1 | prdo |
Effective Income Tax Rate Reconciliation Change From Discreet Tax Items
EffectiveIncomeTaxRateReconciliationChangeFromDiscreetTaxItems
|
0.056 | |
| CY2019Q1 | us-gaap |
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
|
1400000 | |
| CY2019Q1 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
1700000 | |
| CY2020Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
30000000.0 | |
| CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
|
P4Y | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2438000 | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
9.32 | |
| CY2020Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
59000 | |
| CY2020Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
5.76 | |
| CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
42000 | |
| CY2020Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
29.02 | |
| CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2337000 | |
| CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
9.06 | |
| CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
8.53 | |
| CY2020Q1 | prdo |
Restricted Stock Units To Be Settled In Shares Exercisable In Percentage
RestrictedStockUnitsToBeSettledInSharesExercisableInPercentage
|
0.25 | |
| CY2019Q4 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedNumber
|
73000 | |
| CY2019Q4 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedWeightedAverageGrantDateFairValue
|
4.39 | |
| CY2020Q1 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Nonvested Forfeited Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsNonvestedForfeitedWeightedAverageGrantDateFairValue
|
0 | |
| CY2020Q1 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedNumber
|
73000 | |
| CY2020Q1 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedWeightedAverageGrantDateFairValue
|
4.39 | |
| CY2020Q1 | prdo |
Restricted Stock Units To Be Settled In Cash Exercisable In Percentage
RestrictedStockUnitsToBeSettledInCashExercisableInPercentage
|
0.25 | |
| CY2019Q4 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Non Vested Number Settled In Cash
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedNumberSettledInCash
|
82000 | |
| CY2020Q1 | prdo |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested Settled In Cash
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedSettledInCash
|
82000 | |
| CY2020Q1 | prdo |
Expense Benefit For Restricted Stock Units Settled In Cash
ExpenseBenefitForRestrictedStockUnitsSettledInCash
|
-200000 | |
| CY2019Q1 | prdo |
Expense Benefit For Restricted Stock Units Settled In Cash
ExpenseBenefitForRestrictedStockUnitsSettledInCash
|
1000000.0 | |
| CY2019Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
50000000.0 | |
| CY2020Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
1300000 | |
| CY2020Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
17300000 | |
| CY2020Q1 | prdo |
Stock Repurchased During Period Value Weighted Average Price
StockRepurchasedDuringPeriodValueWeightedAveragePrice
|
13.48 | |
| CY2020Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
28800000 | |
| CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
69839000 | |
| CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
69837000 | |
| CY2020Q1 | prdo |
Common Stock Equivalents
CommonStockEquivalents
|
1875000 | |
| CY2019Q1 | prdo |
Common Stock Equivalents
CommonStockEquivalents
|
1655000 | |
| CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
71714000 | |
| CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
71492000 | |
| CY2020Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
| CY2020Q1 | prdo |
Percentage Of Revenue
PercentageOfRevenue
|
1.000 | |
| CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
157853000 | |
| CY2019Q1 | prdo |
Percentage Of Revenue
PercentageOfRevenue
|
1.000 | |
| CY2020Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
37303000 | |
| CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
29971000 | |
| CY2020Q1 | us-gaap |
Assets
Assets
|
606526000 | |
| CY2019Q4 | us-gaap |
Assets
Assets
|
599146000 |
