$PRDO
Perdoceo Education Corp

2020 Q4 Form 10-K Financial Statement

#000156459021008099 Filed on February 24, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020
Revenue $171.2M $169.1M $687.3M
YoY Change 8.02% 9.14% 9.5%
Cost Of Revenue $28.60M $27.60M $111.8M
YoY Change 14.86% 9.09% 9.72%
Gross Profit $142.5M $141.6M $575.5M
YoY Change 6.74% 9.26% 9.45%
Gross Profit Margin 83.26% 83.72% 83.73%
Selling, General & Admin $102.4M $105.5M $417.2M
YoY Change 3.33% 2.33% -3.02%
% of Gross Profit 71.86% 74.51% 72.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.000M $4.000M $14.79M
YoY Change 73.91% 73.91% 61.68%
% of Gross Profit 2.81% 2.82% 2.57%
Operating Expenses $106.4M $109.5M $432.0M
YoY Change 4.83% -16.2% -20.18%
Operating Profit $36.19M $32.07M $142.9M
YoY Change 13.04% 32.02% 65.31%
Interest Expense $600.0K $700.0K $167.0K
YoY Change -62.5% 1527.91% 0.0%
% of Operating Profit 1.66% 2.18% 0.12%
Other Income/Expense, Net $100.0K $0.00 $3.896M
YoY Change -100.0% -40.61%
Pretax Income $36.90M $32.76M $146.8M
YoY Change 9.82% 25.76% 57.85%
Income Tax $9.800M -$7.206M $22.48M
% Of Pretax Income 26.56% -22.0% 15.31%
Net Earnings $27.05M $39.94M $124.3M
YoY Change -1.69% 119.04% 77.57%
Net Earnings / Revenue 15.8% 23.62% 18.08%
Basic Earnings Per Share $0.39 $0.58 $1.79
Diluted Earnings Per Share $0.38 $0.56 $1.74
COMMON SHARES
Basic Shares Outstanding 69.17M 69.41M
Diluted Shares Outstanding 71.02M 71.27M

Balance Sheet

Concept 2020 Q4 2020 Q3 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $406.4M $363.7M $406.4M
YoY Change 38.14% 29.06% 38.14%
Cash & Equivalents $105.7M $62.12M $105.7M
Short-Term Investments $300.7M $305.6M $300.7M
Other Short-Term Assets $341.0K $12.20M $12.50M
YoY Change -82.39% -68.88% 35.87%
Inventory $596.0K $600.0K $600.0K
Prepaid Expenses $8.209M
Receivables $44.70M $37.60M $44.70M
Other Receivables $2.900M $2.700M $2.900M
Total Short-Term Assets $467.1M $416.9M $467.1M
YoY Change 29.6% 18.09% 29.61%
LONG-TERM ASSETS
Property, Plant & Equipment $27.76M $75.90M $72.50M
YoY Change 6.75% 184.29% -5.1%
Goodwill $118.3M
YoY Change 35.44%
Intangibles $15.52M
YoY Change 96.48%
Long-Term Investments
YoY Change
Other Assets $6.434M $55.20M $46.80M
YoY Change 12.48% 973.93% -28.98%
Total Long-Term Assets $254.5M $266.9M $254.4M
YoY Change 6.57% 8.57% 6.58%
TOTAL ASSETS
Total Short-Term Assets $467.1M $416.9M $467.1M
Total Long-Term Assets $254.5M $266.9M $254.4M
Total Assets $721.5M $683.8M $721.5M
YoY Change 20.42% 14.19% 20.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.26M $12.90M $13.30M
YoY Change 14.97% 16.81% 15.65%
Accrued Expenses $44.40M $41.50M $44.40M
YoY Change -20.43% -50.42% -20.43%
Deferred Revenue $34.53M $29.30M
YoY Change 40.11% 23.2%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $103.8M $98.50M $103.8M
YoY Change 0.0% -25.46% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.39M $63.60M $61.80M
YoY Change 57.89% 547.72% -3.44%
Total Long-Term Liabilities $61.80M $63.60M $61.80M
YoY Change -3.5% -1.74% -3.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $103.8M $98.50M $103.8M
Total Long-Term Liabilities $61.80M $63.60M $61.80M
Total Liabilities $165.6M $162.1M $165.6M
YoY Change -1.34% -17.66% -1.37%
SHAREHOLDERS EQUITY
Retained Earnings $142.3M
YoY Change 687.64%
Common Stock $659.3M
YoY Change 2.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $246.1M
YoY Change 8.26%
Treasury Stock Shares $17.20M
Shareholders Equity $555.9M $521.7M $555.9M
YoY Change
Total Liabilities & Shareholders Equity $721.5M $683.8M $721.5M
YoY Change 20.42% 14.19% 20.43%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020
OPERATING ACTIVITIES
Net Income $27.05M $39.94M $124.3M
YoY Change -1.69% 119.04% 77.57%
Depreciation, Depletion And Amortization $4.000M $4.000M $14.79M
YoY Change 73.91% 73.91% 61.68%
Cash From Operating Activities $42.20M $28.40M $180.0M
YoY Change -443.09% -11.25% 146.23%
INVESTING ACTIVITIES
Capital Expenditures -$2.300M -$4.100M -$9.800M
YoY Change 15.0% 127.78% 88.46%
Acquisitions $39.82M
YoY Change
Other Investing Activities $3.900M -$57.90M -$103.0K
YoY Change -92.04% 1013.46% -221.18%
Cash From Investing Activities $1.600M -$62.00M -$165.9M
YoY Change -96.6% 785.71% -2254.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.14M
YoY Change 477.77%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.700M 200.0K -13.05M
YoY Change -208.82% -80.0% 169.59%
NET CHANGE
Cash From Operating Activities 42.20M 28.40M 180.0M
Cash From Investing Activities 1.600M -62.00M -165.9M
Cash From Financing Activities 3.700M 200.0K -13.05M
Net Change In Cash 47.50M -33.40M 997.0K
YoY Change 51.76% -228.46% -98.69%
FREE CASH FLOW
Cash From Operating Activities $42.20M $28.40M $180.0M
Capital Expenditures -$2.300M -$4.100M -$9.800M
Free Cash Flow $44.50M $32.50M $189.8M
YoY Change -532.04% -3.85% 142.39%

Facts In Submission

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CY2019 prdo Increase Decrease In Deposits And Other Noncurrent Assets
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CY2019 prdo Provision For Doubtful Accounts Including Discontinued Operations
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CY2020 prdo Increase Decrease In Inventories Prepaid Expenses And Other Current Assets
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CY2019 prdo Increase Decrease In Inventories Prepaid Expenses And Other Current Assets
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2320000
CY2018 us-gaap Increase Decrease In Accounts Payable
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CY2019 prdo Increase Decrease In Accrued Expenses And Deferred Rent Obligations
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CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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CY2019 prdo Increase Decrease In Right Of Use Asset And Lease Liability
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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13000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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997000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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32731000
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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32731000
CY2020 us-gaap Income Taxes Paid Net
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IncomeTaxesPaidNet
46000
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IncomeTaxesPaidNet
266000
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4000000
CY2020 prdo Non Cash Additions To Property And Equipment
NonCashAdditionsToPropertyAndEquipment
52000
CY2019 prdo Non Cash Additions To Property And Equipment
NonCashAdditionsToPropertyAndEquipment
38000
CY2018 prdo Non Cash Additions To Property And Equipment
NonCashAdditionsToPropertyAndEquipment
-161000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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552000
CY2020 us-gaap Nature Of Operations
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<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 accredited institutions – Colorado Technical University </span><span style="font-style:italic;color:#000000;">(“CTU”)</span><span style="color:#000000;"> and the American InterContinental University System </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. Our universities offer students industry-relevant and career-focused academic 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 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;">As used in this Annual Report on Form 10-K, the terms “we,” “us,” “our,” “the Company,” “Perdoceo” and “PEC” refer to Perdoceo Education Corporation and our wholly-owned subsidiaries. </p>
CY2020 us-gaap Number Of Reportable Segments
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2
CY2020 us-gaap Use Of Estimates
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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">b. Management’s Use of Estimates</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;">The preparation of our consolidated financial statements in conformity with U.S. generally accepted accounting principles <span style="font-style:italic;">(“GAAP”)</span> requires us to make certain estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the period. We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. Significant estimates, among others, include the allowance for credit losses, the assumptions surrounding future projections of revenues and expenses used in determining the probable outcome of performance conditions related to performance-based compensation, the assumptions used in determining the discount rate to calculate right of use assets and lease liabilities, assumptions used in calculating income tax related matters including our deferred tax balances and any respective valuation allowance, fair values used in establishing the opening balance sheet for business combinations and fair values used in asset impairment evaluations including goodwill, intangible assets and long-lived assets. Actual results could differ from these estimates.</p>
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143300000
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126400000
CY2020 prdo Short Term Investment Continuous Unrealized Gain Loss Position Period
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P1Y
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76000
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125087000
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59751000
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650000
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185488000
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1596000
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1418000
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1462000
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24647000
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65581000
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694681000
CY2020 prdo Contract With Customers New Revenue During Period
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618997000
CY2020 prdo Deferred Revenue Other Adjustments
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1300000
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51694000
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44113000
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CY2019 prdo Contract With Customers New Revenue During Period
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CY2019 prdo Deferred Revenue Other Adjustments
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-740000
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63204000
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1100000
CY2020 prdo Period Of Current Academic Year
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CY2019Q4 us-gaap Accounts Receivable Net Noncurrent
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1200000
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CY2017Q4 us-gaap Contract With Customer Receivable Allowance For Credit Loss
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ContractWithCustomerReceivableAllowanceForCreditLossRelatedToBusinessAcquisition
2174000
CY2020 us-gaap Provision For Doubtful Accounts
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56000
CY2019Q4 prdo Vehicles Gross
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56000
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823000
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43470000
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32042000
CY2020 prdo Allowance For Credit Loss Receivable Write Offs
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38921000
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35434000
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CY2019 us-gaap Proceeds Contract With Customer Asset Previously Written Off Recovery
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2579000
CY2020Q4 us-gaap Contract With Customer Receivable Allowance For Credit Loss
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CY2019Q4 us-gaap Contract With Customer Receivable Allowance For Credit Loss
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31964000
CY2018Q4 us-gaap Contract With Customer Receivable Allowance For Credit Loss
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24836000
CY2020Q4 prdo Computer Hardware And Software Gross
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40587000
CY2019Q4 prdo Computer Hardware And Software Gross
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27660000
CY2020Q4 us-gaap Leasehold Improvements Gross
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56095000
CY2019Q4 us-gaap Leasehold Improvements Gross
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58294000
CY2020Q4 us-gaap Furniture And Fixtures Gross
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23071000
CY2019Q4 us-gaap Furniture And Fixtures Gross
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23145000
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
8485000
CY2019Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
8485000
CY2020Q4 prdo Library Materials Gross
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24000
CY2019Q4 prdo Library Materials Gross
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171000
CY2019Q4 us-gaap Construction In Progress Gross
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1128000
CY2020Q4 us-gaap Property Plant And Equipment Gross
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129141000
CY2019Q4 us-gaap Property Plant And Equipment Gross
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118939000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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101380000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
92933000
CY2020Q4 us-gaap Property Plant And Equipment Net
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27761000
CY2019Q4 us-gaap Property Plant And Equipment Net
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26006000
CY2020 us-gaap Depreciation
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CY2019 us-gaap Depreciation
Depreciation
9100000
CY2018 us-gaap Depreciation
Depreciation
9400000
CY2020 prdo Operating Lease Expiration Date
OperatingLeaseExpirationDate
2028
CY2020 prdo Fixed Operating Lease Expenses
FixedOperatingLeaseExpenses
12379000
CY2019 prdo Fixed Operating Lease Expenses
FixedOperatingLeaseExpenses
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CY2020 prdo Variable Operating Lease Expenses
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CY2019 prdo Variable Operating Lease Expenses
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8534000
CY2020 us-gaap Lease Cost
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16421000
CY2019 us-gaap Lease Cost
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17224000
CY2020 us-gaap Operating Lease Payments
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23577000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
32827000
CY2020 prdo Operating Cash Flows From Subleases
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2254000
CY2019 prdo Operating Cash Flows From Subleases
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4351000
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.049
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2020 prdo Number Of Subleases
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5
CY2020 prdo Number Of Leased Facilities Which Are Subleased
NumberOfLeasedFacilitiesWhichAreSubleased
4
CY2020Q4 prdo Future Minimum Sublease Rentals Under Operating Leases Within One Year
FutureMinimumSubleaseRentalsUnderOperatingLeasesWithinOneYear
949000
CY2020Q4 prdo Future Minimum Sublease Rentals Under Operating Leases Within Two Years
FutureMinimumSubleaseRentalsUnderOperatingLeasesWithinTwoYears
777000
CY2020Q4 prdo Future Minimum Sublease Rentals Under Operating Leases Within Three Years
FutureMinimumSubleaseRentalsUnderOperatingLeasesWithinThreeYears
330000
CY2020Q4 prdo Future Minimum Sublease Rentals Under Operating Leases
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2056000
CY2020 us-gaap Asset Impairment Charges
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600000
CY2020 prdo Number Of Leases Related To Ongoing Operations
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11
CY2020 prdo Number Of Leases Related To Closed Campuses
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3
CY2020Q4 us-gaap Goodwill
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118300000
CY2019Q4 us-gaap Goodwill
Goodwill
87400000
CY2019Q4 us-gaap Goodwill
Goodwill
87356000
CY2018Q4 us-gaap Goodwill
Goodwill
87356000
CY2020 us-gaap Goodwill Acquired During Period
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30956000
CY2020Q4 us-gaap Goodwill
Goodwill
118312000
CY2019Q4 us-gaap Goodwill
Goodwill
87356000
CY2020 us-gaap Goodwill Impaired Method For Fair Value Determination
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In calculating the fair value for CTU and AIU, we performed a valuation analysis, utilizing both income and market approaches, in our goodwill assessment process. The following describes the valuation methodologies used to derive the fair value of our reporting units:   • Income Approach: To determine the estimated fair value of each reporting unit, we discount the expected cash flows which are developed by management. We estimate our future cash flows after considering current economic conditions and trends, estimated future operating results and capital investments, our views of growth rates and anticipated future economic and regulatory conditions. The discount rate used represents the estimated weighted average cost of capital, which reflects the overall level of inherent risk involved in our future expected cash flows and the rate of return an outside investor would expect to earn. To estimate cash flows beyond the final year of our models, we use a Gordon Growth Model and terminal value approach and incorporate the present value of the resulting terminal value into our estimate of fair value.   • Market-Based Approach: To corroborate the results of the income approach described above, we estimate the fair value of our reporting units using several market-based approaches, including the guideline company method, which focuses on comparing our risk profile and growth prospects to select reasonably similar for-profit postsecondary education publicly traded companies.
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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11800000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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-4178000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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7622000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
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1400000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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1893000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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2444000
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-1400000
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7900000
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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7900000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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15522000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
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7900000
CY2020 us-gaap Amortization Of Intangible Assets
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2800000
CY2019 us-gaap Amortization Of Intangible Assets
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0
CY2018 us-gaap Amortization Of Intangible Assets
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0
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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146800000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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93000000.0
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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74400000
CY2020 us-gaap Current State And Local Tax Expense Benefit
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2110000
CY2019 us-gaap Current State And Local Tax Expense Benefit
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754000
CY2018 us-gaap Current State And Local Tax Expense Benefit
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524000
CY2020 us-gaap Current Income Tax Expense Benefit
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2110000
CY2019 us-gaap Current Income Tax Expense Benefit
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754000
CY2018 us-gaap Current Income Tax Expense Benefit
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524000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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15425000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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19230000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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16144000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4941000
CY2020 us-gaap Deferred Income Tax Expense Benefit
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20366000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
21674000
CY2018 us-gaap Deferred Income Tax Expense Benefit
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18037000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22476000
CY2019 us-gaap Income Tax Expense Benefit
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22428000
CY2018 us-gaap Income Tax Expense Benefit
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18561000
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0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.027
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.027
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.031
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.003
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.013
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-0.014
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-0.109
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0.014
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.023
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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16000000.0
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CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2020Q4 prdo Unrecognized Tax Benefits Before Interest And Penalties
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CY2019Q4 prdo Unrecognized Tax Benefits Before Interest And Penalties
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9859000
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CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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9300000
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.013
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29700000
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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1000000.0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.014
CY2018 prdo Income Tax Reconciliation Nondeductible Expense Legal Settlement
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1100000
CY2018 prdo Effective Income Tax Rate Reconciliation Nondeductible Expense Legal Settlement
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0.014
CY2019Q4 prdo Unrecognized Tax Benefits Before Interest And Penalties
UnrecognizedTaxBenefitsBeforeInterestAndPenalties
9859000
CY2018Q4 prdo Unrecognized Tax Benefits Before Interest And Penalties
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9009000
CY2017Q4 prdo Unrecognized Tax Benefits Before Interest And Penalties
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8564000
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5000
CY2020Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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10800000
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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1900000
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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1900000
CY2020 us-gaap Significant Change In Unrecognized Tax Benefits Nature Of Event
SignificantChangeInUnrecognizedTaxBenefitsNatureOfEvent
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CY2020Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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0
CY2020Q4 us-gaap Increase In Unrecognized Tax Benefits Is Reasonably Possible
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1500000
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13028000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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15814000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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27321000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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32998000
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16958000
CY2019Q4 prdo Deferred Tax Assets Valuation Allowance Foreign Tax Credits
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32998000
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7054000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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7402000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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19183000
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45130000
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12069000
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12001000
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5363000
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1728000
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353000
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406000
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525000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
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1620000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
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1511000
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5656000
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7633000
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194400000
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51500000
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334900000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
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56800000
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17000000.0
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45000000.0
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16000000.0
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29000000.0
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20000000.0
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9.86
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336768
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987000
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225316
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20.58
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22.99
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