$PRDO
PERDOCEO EDUCATION Corp Stock $prdo

$prdo Overview Financials Valuation SEC Filings Company Website

2021 Q3 Form 10-Q Financial Statement

#000156459021054500 Filed on November 04, 2021

Income Statement

Concept	2021 Q3	2020 Q3	2020 Q2
Revenue	$174.0M	$169.1M	$176.0M
YoY Change	2.88%	9.14%	12.52%
Cost Of Revenue	$25.96M	$27.60M	$28.70M
YoY Change	-5.94%	9.09%	12.99%
Gross Profit	$148.0M	$141.6M	$147.4M
YoY Change	4.55%	9.26%	12.43%
Gross Profit Margin	85.08%	83.72%	83.73%
Selling, General & Admin	$106.3M	$105.5M	$105.8M
YoY Change	0.75%	2.33%	-17.79%
% of Gross Profit	71.8%	74.51%	71.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.887M	$4.000M	$4.200M
YoY Change	-2.83%	73.91%	82.61%
% of Gross Profit	2.63%	2.82%	2.85%
Operating Expenses	$110.2M	$109.5M	$110.0M
YoY Change	0.62%	-16.2%	-29.6%
Operating Profit	$37.86M	$32.07M	$37.37M
YoY Change	18.04%	32.02%	20208.7%
Interest Expense	-$418.0K	$700.0K	$1.000M
YoY Change	-159.71%	1527.91%	2400.0%
% of Operating Profit	-1.1%	2.18%	2.68%
Other Income/Expense, Net	-$116.0K	$0.00	$100.0K
YoY Change		-100.0%	-93.74%
Pretax Income	$37.33M	$32.76M	$38.46M
YoY Change	13.96%	25.76%	2059.52%
Income Tax	$9.557M	-$7.206M	$10.27M
% Of Pretax Income	25.6%	-22.0%	26.71%
Net Earnings	$27.77M	$39.94M	$28.17M
YoY Change	-30.47%	119.04%	-5138.82%
Net Earnings / Revenue	15.96%	23.62%	16.0%
Basic Earnings Per Share	$0.40	$0.58	$0.41
Diluted Earnings Per Share	$388.6K	$0.56	$0.40
COMMON SHARES
Basic Shares Outstanding	70.09M	69.17M	69.09M
Diluted Shares Outstanding	71.47M	71.02M	70.90M

Balance Sheet

Concept	2021 Q3	2020 Q3	2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$475.8M	$363.7M	$341.8M
YoY Change	30.82%	29.06%	21.97%
Cash & Equivalents	$266.4M	$62.12M	$95.54M
Short-Term Investments	$209.4M	$305.6M	$250.3M
Other Short-Term Assets	$15.79M	$12.20M	$14.60M
YoY Change	29.43%	-68.88%	3910.99%
Inventory	$1.178M	$600.0K	$600.0K
Prepaid Expenses
Receivables	$42.49M	$37.60M	$35.60M
Other Receivables	$1.900M	$2.700M	$1.500M
Total Short-Term Assets	$537.1M	$416.9M	$394.1M
YoY Change	28.84%	18.09%	22.8%
LONG-TERM ASSETS
Property, Plant & Equipment	$64.63M	$75.90M	$77.20M
YoY Change	-14.85%	184.29%	180.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$36.49M	$55.20M	$47.20M
YoY Change	-33.89%	973.93%	853.34%
Total Long-Term Assets	$299.3M	$266.9M	$261.0M
YoY Change	12.15%	8.57%	8.36%
TOTAL ASSETS
Total Short-Term Assets	$537.1M	$416.9M	$394.1M
Total Long-Term Assets	$299.3M	$266.9M	$261.0M
Total Assets	$836.4M	$683.8M	$655.1M
YoY Change	22.33%	14.19%	16.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.65M	$12.90M	$11.90M
YoY Change	-1.94%	16.81%	-3.89%
Accrued Expenses	$50.40M	$41.50M	$46.80M
YoY Change	21.44%	-50.42%	-37.77%
Deferred Revenue	$57.05M	$29.30M	$38.54M
YoY Change	94.69%	23.2%	34.45%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$134.4M	$98.50M	$110.4M
YoY Change	36.46%	-25.46%	-14.09%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$56.62M	$63.60M	$17.31M
YoY Change	-10.97%	547.72%	-66.78%
Total Long-Term Liabilities	$56.62M	$63.60M	$65.99M
YoY Change	-10.97%	-1.74%	26.65%
TOTAL LIABILITIES
Total Short-Term Liabilities	$134.4M	$98.50M	$110.4M
Total Long-Term Liabilities	$56.62M	$63.60M	$65.99M
Total Liabilities	$191.0M	$162.1M	$176.4M
YoY Change	17.85%	-17.66%	-2.33%
SHAREHOLDERS EQUITY
Retained Earnings			$75.34M
YoY Change
Common Stock			$647.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)			$245.3M
YoY Change
Treasury Stock Shares
Shareholders Equity	$645.4M	$521.7M	$478.7M
YoY Change
Total Liabilities & Shareholders Equity	$836.4M	$683.8M	$655.1M
YoY Change	22.32%	14.19%	16.61%

Cashflow Statement

Concept	2021 Q3	2020 Q3	2020 Q2
OPERATING ACTIVITIES
Net Income	$27.77M	$39.94M	$28.17M
YoY Change	-30.47%	119.04%	-5138.82%
Depreciation, Depletion And Amortization	$3.887M	$4.000M	$4.200M
YoY Change	-2.83%	73.91%	82.61%
Cash From Operating Activities	$61.46M	$28.40M	$60.60M
YoY Change	116.41%	-11.25%	49.63%
INVESTING ACTIVITIES
Capital Expenditures	-$3.217M	-$4.100M	-$2.400M
YoY Change	-21.54%	127.78%	166.67%
Acquisitions
YoY Change
Other Investing Activities	$121.8M	-$57.90M	-$5.200M
YoY Change	-310.43%	1013.46%	-80.95%
Cash From Investing Activities	$118.6M	-$62.00M	-$7.600M
YoY Change	-291.32%	785.71%	-73.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	170.0K	200.0K	600.0K
YoY Change	-15.0%	-80.0%
NET CHANGE
Cash From Operating Activities	61.46M	28.40M	60.60M
Cash From Investing Activities	118.6M	-62.00M	-7.600M
Cash From Financing Activities	170.0K	200.0K	600.0K
Net Change In Cash	180.3M	-33.40M	53.60M
YoY Change	-639.68%	-228.46%	335.77%
FREE CASH FLOW
Cash From Operating Activities	$61.46M	$28.40M	$60.60M
Capital Expenditures	-$3.217M	-$4.100M	-$2.400M
Free Cash Flow	$64.68M	$32.50M	$63.00M
YoY Change	99.01%	-3.85%	52.17%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
	prdo	Length Of Academic Year LengthOfAcademicYear	P210D
	prdo	Period Of Current Academic Year PeriodOfCurrentAcademicYear	P210D
CY2021Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P71M
CY2020Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P71M
CY2021Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3857000
CY2021Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	-170000
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	645385000
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	478684000
CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	39940000
CY2020Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	123000
CY2020Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-461000
CY2020Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	553000
CY2020Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3232000
CY2020Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	-706000
CY2020Q3	us-gaap	Stockholders Equity StockholdersEquity	521671000
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	5372000
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	17862000
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9735000
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	-1031000
CY2020Q3	us-gaap	Stockholders Equity StockholdersEquity	521671000
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	612000
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	11802000
	prdo	Provision For Credit Loss Including Discontinued Operations ProvisionForCreditLossIncludingDiscontinuedOperations	36360000
	us-gaap	Share Based Compensation ShareBasedCompensation	11287000
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-9938000
	prdo	Increase Decrease In Operating Assets And Liabilities IncreaseDecreaseInOperatingAssetsAndLiabilities	10352000
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	6276000
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	56947000
CY2021Q3	prdo	Contract With Customer Receivable Allowance For Credit Loss Related To Business Acquisition ContractWithCustomerReceivableAllowanceForCreditLossRelatedToBusinessAcquisition	180000
	prdo	Contract With Customer Receivable Allowance For Credit Loss Related To Business Acquisition ContractWithCustomerReceivableAllowanceForCreditLossRelatedToBusinessAcquisition	180000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	533175000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	516155000
	us-gaap	Escrow Deposit Disbursements Related To Property Acquisition1 EscrowDepositDisbursementsRelatedToPropertyAcquisition1	4000000
	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 blend<span style="color:#000000;">ed learning programs. 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;"> -- provide degree programs from associate through doctoral level as well as non-degree professional development and continuing education offerings. </span>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%;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.</span></p>
	prdo	Short Term Investment Continuous Unrealized Gain Loss Position Period ShortTermInvestmentContinuousUnrealizedGainLossPositionPeriod	P1Y
CY2021Q3	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	442000
	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	1301000
	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	1443000
CY2020Q3	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	400000
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	1200000
CY2021Q3	prdo	Contract With Customers New Revenue During Period ContractWithCustomersNewRevenueDuringPeriod	73094000
CY2020Q3	prdo	Contract With Customers New Revenue During Period ContractWithCustomersNewRevenueDuringPeriod	112200000
CY2021Q3	prdo	Deferred Revenue Other Adjustments DeferredRevenueOtherAdjustments	-650000
CY2020Q3	prdo	Deferred Revenue Other Adjustments DeferredRevenueOtherAdjustments	1107000
CY2021Q3	prdo	Gross Deferred Revenue GrossDeferredRevenue	92087000
CY2020Q4	prdo	Gross Deferred Revenue GrossDeferredRevenue	85402000
CY2021Q3	us-gaap	Accounts Receivable Net Noncurrent AccountsReceivableNetNoncurrent	1400000
CY2020Q4	us-gaap	Accounts Receivable Net Noncurrent AccountsReceivableNetNoncurrent	1300000
CY2021Q2	us-gaap	Contract With Customer Receivable Allowance For Credit Loss ContractWithCustomerReceivableAllowanceForCreditLoss	42876000
CY2021Q3	prdo	Gross Deferred Revenue GrossDeferredRevenue	92087000
CY2020Q4	prdo	Gross Deferred Revenue GrossDeferredRevenue	85402000
CY2021Q3	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	35036000
CY2020Q4	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	50868000
CY2021Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	57051000
CY2020Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	34534000
CY2021Q2	prdo	Gross Deferred Revenue GrossDeferredRevenue	121467000
CY2021Q3	us-gaap	Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination	5356000
CY2021Q3	prdo	Contract With Customer Liability Revenue Recognized Including Additions ContractWithCustomerLiabilityRevenueRecognizedIncludingAdditions	99501000
CY2020Q3	prdo	Contract With Customer Liability Revenue Recognized Including Additions ContractWithCustomerLiabilityRevenueRecognizedIncludingAdditions	56271000
CY2021Q3	prdo	Current Period Charges CurrentPeriodCharges	137209000
CY2020Q3	prdo	Current Period Charges CurrentPeriodCharges	156817000
CY2019Q4	prdo	Gross Deferred Revenue GrossDeferredRevenue	63204000
	us-gaap	Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination	13395000
	prdo	Contract With Customer Liability Revenue Recognized Including Additions ContractWithCustomerLiabilityRevenueRecognizedIncludingAdditions	72203000
	prdo	Contract With Customer Liability Revenue Recognized Including Additions ContractWithCustomerLiabilityRevenueRecognizedIncludingAdditions	63280000
	prdo	Current Period Charges CurrentPeriodCharges	531319000
	prdo	Current Period Charges CurrentPeriodCharges	492316000
	prdo	Contract With Customers New Revenue During Period ContractWithCustomersNewRevenueDuringPeriod	458027000
	prdo	Contract With Customers New Revenue During Period ContractWithCustomersNewRevenueDuringPeriod	451084000
	prdo	Deferred Revenue Other Adjustments DeferredRevenueOtherAdjustments	-240000
	prdo	Deferred Revenue Other Adjustments DeferredRevenueOtherAdjustments	-505000
CY2021Q3	prdo	Gross Deferred Revenue GrossDeferredRevenue	92087000
CY2020Q3	prdo	Gross Deferred Revenue GrossDeferredRevenue	55056000
CY2021Q3	prdo	Refund Liability Reserve RefundLiabilityReserve	2300000
CY2020Q2	us-gaap	Contract With Customer Receivable Allowance For Credit Loss ContractWithCustomerReceivableAllowanceForCreditLoss	39044000
CY2020Q4	us-gaap	Contract With Customer Receivable Allowance For Credit Loss ContractWithCustomerReceivableAllowanceForCreditLoss	42147000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	9482000
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	36706000
CY2021Q3	us-gaap	Contract With Customer Asset Allowance For Credit Loss Writeoff ContractWithCustomerAssetAllowanceForCreditLossWriteoff	13982000
CY2020Q3	us-gaap	Contract With Customer Asset Allowance For Credit Loss Writeoff ContractWithCustomerAssetAllowanceForCreditLossWriteoff	10479000
	us-gaap	Contract With Customer Asset Allowance For Credit Loss Writeoff ContractWithCustomerAssetAllowanceForCreditLossWriteoff	41302000
	us-gaap	Contract With Customer Asset Allowance For Credit Loss Writeoff ContractWithCustomerAssetAllowanceForCreditLossWriteoff	32213000
CY2020Q3	us-gaap	Proceeds Contract With Customer Asset Previously Written Off Recovery ProceedsContractWithCustomerAssetPreviouslyWrittenOffRecovery	637000
	us-gaap	Proceeds Contract With Customer Asset Previously Written Off Recovery ProceedsContractWithCustomerAssetPreviouslyWrittenOffRecovery	2633000
	us-gaap	Proceeds Contract With Customer Asset Previously Written Off Recovery ProceedsContractWithCustomerAssetPreviouslyWrittenOffRecovery	2090000
CY2021Q3	us-gaap	Contract With Customer Receivable Allowance For Credit Loss ContractWithCustomerReceivableAllowanceForCreditLoss	40022000
CY2020Q3	us-gaap	Contract With Customer Receivable Allowance For Credit Loss ContractWithCustomerReceivableAllowanceForCreditLoss	40721000
CY2021Q3	us-gaap	Contract With Customer Receivable Allowance For Credit Loss ContractWithCustomerReceivableAllowanceForCreditLoss	40022000
CY2020Q3	us-gaap	Contract With Customer Receivable Allowance For Credit Loss ContractWithCustomerReceivableAllowanceForCreditLoss	40721000
	prdo	Operating Lease Expiration Date OperatingLeaseExpirationDate	2032
CY2021Q3	prdo	Fixed Operating Lease Expenses FixedOperatingLeaseExpenses	2813000
	prdo	Fixed Operating Lease Expenses FixedOperatingLeaseExpenses	8634000
CY2021Q3	prdo	Variable Operating Lease Expenses VariableOperatingLeaseExpenses	561000
	prdo	Variable Operating Lease Expenses VariableOperatingLeaseExpenses	3313000
CY2021Q3	us-gaap	Lease Cost LeaseCost	3111000
	us-gaap	Lease Cost LeaseCost	10850000
CY2021Q3	us-gaap	Operating Lease Payments OperatingLeasePayments	4443000
	us-gaap	Operating Lease Payments OperatingLeasePayments	13977000
CY2021Q3	prdo	Operating Cash Flows From Subleases OperatingCashFlowsFromSubleases	271000
	prdo	Operating Cash Flows From Subleases OperatingCashFlowsFromSubleases	1154000
CY2020Q3	prdo	Fixed Operating Lease Expenses FixedOperatingLeaseExpenses	3059000
	prdo	Fixed Operating Lease Expenses FixedOperatingLeaseExpenses	9323000
CY2020Q3	prdo	Variable Operating Lease Expenses VariableOperatingLeaseExpenses	1204000
	prdo	Variable Operating Lease Expenses VariableOperatingLeaseExpenses	4746000
CY2020Q3	us-gaap	Sublease Income SubleaseIncome	494000
	us-gaap	Sublease Income SubleaseIncome	1845000
CY2020Q3	us-gaap	Lease Cost LeaseCost	3769000
	us-gaap	Lease Cost LeaseCost	12224000
CY2020Q3	us-gaap	Operating Lease Payments OperatingLeasePayments	5063000
	us-gaap	Operating Lease Payments OperatingLeasePayments	17183000
CY2020Q3	prdo	Operating Cash Flows From Subleases OperatingCashFlowsFromSubleases	486000
	prdo	Operating Cash Flows From Subleases OperatingCashFlowsFromSubleases	1720000
CY2021Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.049
CY2020Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.049
	prdo	Number Of Subleases NumberOfSubleases	1
CY2021Q3	us-gaap	Sublease Income SubleaseIncome	300000
	us-gaap	Sublease Income SubleaseIncome	1800000
CY2020Q3	prdo	Deferred Tax Assets Tax Credit Carryforwards Foreign Favorable Adjustment Related To Release Of Valuation Allowance DeferredTaxAssetsTaxCreditCarryforwardsForeignFavorableAdjustmentRelatedToReleaseOfValuationAllowance	16000000.0
CY2020Q3	us-gaap	Effective Income Tax Rate Reconciliation Tax Settlements Foreign EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign	0.490
	us-gaap	Effective Income Tax Rate Reconciliation Tax Settlements Foreign EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign	0.146
CY2021Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	37327000
CY2020Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	32755000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	114305000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	109952000
CY2021Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9557000
CY2020Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-7206000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	29121000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	12670000
CY2021Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.256
CY2020Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.220
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.255
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.115
CY2020Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	29000000.0
CY2021Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	29000000.0
CY2021Q3	us-gaap	Effective Income Tax Rate Reconciliation Tax Settlements EffectiveIncomeTaxRateReconciliationTaxSettlements	-0.006
	us-gaap	Effective Income Tax Rate Reconciliation Tax Settlements EffectiveIncomeTaxRateReconciliationTaxSettlements	-0.002
	prdo	Effective Income Tax Rate Reconciliation Change From Discrete Tax Items EffectiveIncomeTaxRateReconciliationChangeFromDiscreteTaxItems	0.005
	prdo	Effective Income Tax Rate Reconciliation Change From Discrete Tax Items EffectiveIncomeTaxRateReconciliationChangeFromDiscreteTaxItems	0.006
CY2021Q3	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	1600000
CY2021Q3	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	1900000
CY2021Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0
CY2020Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0
CY2021Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3853000
CY2020Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3227000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	11274000
CY2021Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	17000000.0
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod	P4Y
CY2019Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	50000000.0
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	400000
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	5400000
	prdo	Stock Repurchased During Period Value Weighted Average Price StockRepurchasedDuringPeriodValueWeightedAveragePrice	12.23
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	1300000
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	17900000
	prdo	Stock Repurchased During Period Value Weighted Average Price StockRepurchasedDuringPeriodValueWeightedAveragePrice	13.53
CY2020Q3	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	100000
CY2020Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	600000
CY2020Q3	prdo	Stock Repurchased During Period Value Weighted Average Price StockRepurchasedDuringPeriodValueWeightedAveragePrice	15.31
CY2021Q3	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0
CY2021Q3	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	22900000
CY2021Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	70089000
CY2020Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	69167000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	70179000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	69366000
CY2021Q3	prdo	Common Stock Equivalents CommonStockEquivalents	1377000
CY2020Q3	prdo	Common Stock Equivalents CommonStockEquivalents	1849000
	prdo	Common Stock Equivalents CommonStockEquivalents	1470000
	prdo	Common Stock Equivalents CommonStockEquivalents	1901000
CY2021Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	71466000
CY2020Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	71016000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	71649000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	71267000
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2
CY2021Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	173998000
CY2021Q3	prdo	Percentage Of Revenue PercentageOfRevenue	1.000
CY2020Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	169126000
CY2020Q3	prdo	Percentage Of Revenue PercentageOfRevenue	1.000
CY2021Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	37861000
CY2020Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	32074000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	533175000
	prdo	Percentage Of Revenue PercentageOfRevenue	1.000
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	516155000
	prdo	Percentage Of Revenue PercentageOfRevenue	1.000
	us-gaap	Operating Income Loss OperatingIncomeLoss	114440000
	us-gaap	Operating Income Loss OperatingIncomeLoss	106745000
CY2021Q3	us-gaap	Assets Assets	836419000
CY2020Q4	us-gaap	Assets Assets	721517000

Files In Submission

Name	View Source	Status
0001564590-21-054500-index-headers.html	Edgar Link	pending
0001564590-21-054500-index.html	Edgar Link	pending
0001564590-21-054500.txt	Edgar Link	pending
0001564590-21-054500-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
gzos0sh4kj2a000001.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
prdo-10q_20210930.htm	Edgar Link	pending
prdo-10q_20210930_htm.xml	Edgar Link	completed
prdo-20210930.xsd	Edgar Link	pending
prdo-20210930_cal.xml	Edgar Link	unprocessable
prdo-20210930_def.xml	Edgar Link	unprocessable
prdo-20210930_lab.xml	Edgar Link	unprocessable
prdo-20210930_pre.xml	Edgar Link	unprocessable
prdo-ex311_7.htm	Edgar Link	pending
prdo-ex312_8.htm	Edgar Link	pending
prdo-ex321_6.htm	Edgar Link	pending
prdo-ex322_9.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$PRDO
PERDOCEO EDUCATION Corp Stock $prdo

2021 Q3 Form 10-Q Financial Statement

#000156459021054500 Filed on November 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PRDO PERDOCEO EDUCATION Corp Stock $prdo

2021 Q3 Form 10-Q Financial Statement

#000156459021054500 Filed on November 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PRDO
PERDOCEO EDUCATION Corp Stock $prdo