2021 Q4 Form 10-K Financial Statement

#000156459022006719 Filed on February 24, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $159.9M $693.0M $171.2M
YoY Change -6.6% 0.83% 8.02%
Cost Of Revenue $25.28M $108.7M $28.60M
YoY Change -11.62% -2.73% 14.86%
Gross Profit $134.6M $584.3M $142.5M
YoY Change -5.56% 1.53% 6.74%
Gross Profit Margin 84.19% 84.31% 83.26%
Selling, General & Admin $95.04M $418.5M $102.4M
YoY Change -7.18% 0.31% 3.33%
% of Gross Profit 70.62% 71.63% 71.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.964M $16.77M $4.000M
YoY Change 24.1% 13.39% 73.91%
% of Gross Profit 3.69% 2.87% 2.81%
Operating Expenses $100.0M $435.3M $106.4M
YoY Change -6.01% 0.76% 4.83%
Operating Profit $34.58M $149.0M $36.19M
YoY Change -4.46% 4.26% 13.04%
Interest Expense $136.0K $10.00K $600.0K
YoY Change -77.33% -94.01% -62.5%
% of Operating Profit 0.39% 0.01% 1.66%
Other Income/Expense, Net $67.00K $58.00K $100.0K
YoY Change -33.0% -98.51%
Pretax Income $34.78M $149.1M $36.90M
YoY Change -5.75% 1.57% 9.82%
Income Tax $10.31M $39.43M $9.800M
% Of Pretax Income 29.64% 26.45% 26.56%
Net Earnings $24.47M $109.6M $27.05M
YoY Change -9.56% -11.77% -1.69%
Net Earnings / Revenue 15.3% 15.82% 15.8%
Basic Earnings Per Share $1.57 $0.39
Diluted Earnings Per Share $351.7K $1.547M $0.38
COMMON SHARES
Basic Shares Outstanding 70.02M
Diluted Shares Outstanding 70.88M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $494.2M $494.2M $406.4M
YoY Change 21.62% 21.6% 38.14%
Cash & Equivalents $320.0M $320.0M $105.7M
Short-Term Investments $174.2M $174.2M $300.7M
Other Short-Term Assets $2.514M $14.63M $341.0K
YoY Change 637.24% 17.03% -82.39%
Inventory $904.0K $904.0K $596.0K
Prepaid Expenses $6.919M $8.209M
Receivables $43.03M $43.03M $44.70M
Other Receivables $1.692M $1.692M $2.900M
Total Short-Term Assets $554.5M $554.5M $467.1M
YoY Change 18.71% 18.7% 29.6%
LONG-TERM ASSETS
Property, Plant & Equipment $28.36M $65.02M $27.76M
YoY Change 2.14% -10.32% 6.75%
Goodwill $162.6M $118.3M
YoY Change 37.42% 35.44%
Intangibles $32.21M $15.52M
YoY Change 107.5% 96.48%
Long-Term Investments
YoY Change
Other Assets $6.688M $31.80M $6.434M
YoY Change 3.95% -32.05% 12.48%
Total Long-Term Assets $293.0M $293.0M $254.5M
YoY Change 15.14% 15.17% 6.57%
TOTAL ASSETS
Total Short-Term Assets $554.5M $554.5M $467.1M
Total Long-Term Assets $293.0M $293.0M $254.5M
Total Assets $847.4M $847.4M $721.5M
YoY Change 17.45% 17.45% 20.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.84M $10.84M $13.26M
YoY Change -18.26% -18.51% 14.97%
Accrued Expenses $49.89M $49.89M $44.40M
YoY Change 12.37% 12.37% -20.43%
Deferred Revenue $70.61M $34.53M
YoY Change 104.47% 40.11%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $140.2M $140.2M $103.8M
YoY Change 35.09% 35.11% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $21.53M $57.08M $18.39M
YoY Change 17.07% -7.64% 57.89%
Total Long-Term Liabilities $57.08M $57.08M $61.80M
YoY Change -7.63% -7.64% -3.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $140.2M $140.2M $103.8M
Total Long-Term Liabilities $57.08M $57.08M $61.80M
Total Liabilities $197.3M $197.3M $165.6M
YoY Change 19.15% 19.16% -1.34%
SHAREHOLDERS EQUITY
Retained Earnings $252.0M $142.3M
YoY Change 77.03% 687.64%
Common Stock $675.1M $659.3M
YoY Change 2.4% 2.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $276.9M $246.1M
YoY Change 12.52% 8.26%
Treasury Stock Shares $19.98M $17.20M
Shareholders Equity $650.1M $650.1M $555.9M
YoY Change
Total Liabilities & Shareholders Equity $847.4M $847.4M $721.5M
YoY Change 17.45% 17.45% 20.42%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $24.47M $109.6M $27.05M
YoY Change -9.56% -11.77% -1.69%
Depreciation, Depletion And Amortization $4.964M $16.77M $4.000M
YoY Change 24.1% 13.39% 73.91%
Cash From Operating Activities $46.91M $191.1M $42.20M
YoY Change 11.16% 6.2% -443.09%
INVESTING ACTIVITIES
Capital Expenditures -$4.177M -$10.45M -$2.300M
YoY Change 81.61% 6.66% 15.0%
Acquisitions $57.14M
YoY Change 43.51%
Other Investing Activities $34.18M $64.78M $3.900M
YoY Change 776.49% -62990.29% -92.04%
Cash From Investing Activities $30.01M $54.32M $1.600M
YoY Change 1775.38% -132.74% -96.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $24.44M
YoY Change 101.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.33M -29.95M 3.700M
YoY Change -730.62% 129.45% -208.82%
NET CHANGE
Cash From Operating Activities 46.91M 191.1M 42.20M
Cash From Investing Activities 30.01M 54.32M 1.600M
Cash From Financing Activities -23.33M -29.95M 3.700M
Net Change In Cash 53.58M 215.5M 47.50M
YoY Change 12.81% 21514.24% 51.76%
FREE CASH FLOW
Cash From Operating Activities $46.91M $191.1M $42.20M
Capital Expenditures -$4.177M -$10.45M -$2.300M
Free Cash Flow $51.09M $201.6M $44.50M
YoY Change 14.8% 6.23% -532.04%

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CY2021 us-gaap Comprehensive Income Net Of Tax
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CY2021 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2020 prdo Provision For Doubtful Accounts Including Discontinued Operations
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CY2019 us-gaap Increase Decrease In Deferred Income Taxes
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2019 us-gaap Increase Decrease In Accounts Receivable
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CY2021 prdo Allowance For Doubtful Accounts
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CY2020 us-gaap Increase Decrease In Other Receivables
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CY2019 us-gaap Increase Decrease In Other Receivables
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CY2021 prdo Increase Decrease In Inventories Prepaid Expenses And Other Current Assets
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CY2020 prdo Increase Decrease In Inventories Prepaid Expenses And Other Current Assets
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CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2021 prdo Increase Decrease In Accrued Expenses And Other Noncurrent Liabilities
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CY2020 prdo Increase Decrease In Accrued Expenses And Other Noncurrent Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherNoncurrentLiabilities
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CY2019 prdo Increase Decrease In Accrued Expenses And Other Noncurrent Liabilities
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CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 prdo Increase Decrease In Right Of Use Asset And Lease Liability
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CY2020 prdo Increase Decrease In Right Of Use Asset And Lease Liability
IncreaseDecreaseInRightOfUseAssetAndLeaseLiability
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CY2019 prdo Increase Decrease In Right Of Use Asset And Lease Liability
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2019 us-gaap Payments For Capital Improvements
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2020 us-gaap Proceeds From Issuance Of Common Stock
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CY2019 us-gaap Proceeds From Issuance Of Common Stock
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CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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-4841000
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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13000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
215494000
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
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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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
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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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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CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
611000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
46000
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1210000
CY2020 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
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4000000
CY2021 prdo Non Cash Additions To Property And Equipment
NonCashAdditionsToPropertyAndEquipment
2287000
CY2020 prdo Non Cash Additions To Property And Equipment
NonCashAdditionsToPropertyAndEquipment
52000
CY2019 prdo Non Cash Additions To Property And Equipment
NonCashAdditionsToPropertyAndEquipment
38000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021 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-size:10pt;font-family:Times New Roman;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. </span><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;">(“AIUS” or “AIU System”)</span><span style="color:#000000;"> -- </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 AIUS 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-size:10pt;font-family:Times New Roman;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>
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2021 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>
CY2019 us-gaap Advertising Expense
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130900000
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143300000
CY2021 prdo Short Term Investment Continuous Unrealized Gain Loss Position Period
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CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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182959000
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117641000
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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76000
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
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300676000
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693034000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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687314000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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627704000
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1726000
CY2020 us-gaap Related Party Transaction Purchases From Related Party
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1596000
CY2019 us-gaap Related Party Transaction Purchases From Related Party
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1418000
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CY2020Q4 prdo Gross Deferred Revenue
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CY2020Q4 us-gaap Contract With Customer Liability Current
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CY2021 prdo Contract With Customer Liability Revenue Recognized Including Additions
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CY2021 prdo Current Period Charges
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CY2021 prdo Contract With Customers New Revenue During Period
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CY2021 prdo Deferred Revenue Other Adjustments
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CY2021Q4 prdo Gross Deferred Revenue
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113719000
CY2019Q4 prdo Gross Deferred Revenue
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CY2020 prdo Contract With Customer Liability Revenue Recognized Including Additions
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65581000
CY2020 prdo Current Period Charges
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CY2020 prdo Contract With Customers New Revenue During Period
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CY2020 prdo Deferred Revenue Other Adjustments
DeferredRevenueOtherAdjustments
1300000
CY2020Q4 prdo Gross Deferred Revenue
GrossDeferredRevenue
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RefundLiabilityReserve
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CY2020Q4 prdo Refund Liability Reserve
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CY2020Q4 us-gaap Accounts Receivable Net Noncurrent
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42147000
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CY2020 us-gaap Provision For Doubtful Accounts
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CY2019Q4 us-gaap Contract With Customer Receivable Allowance For Credit Loss
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CY2019 us-gaap Provision For Doubtful Accounts
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43470000
CY2021 us-gaap Contract With Customer Asset Allowance For Credit Loss Writeoff
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50514000
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CY2020 us-gaap Proceeds Contract With Customer Asset Previously Written Off Recovery
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CY2019 us-gaap Proceeds Contract With Customer Asset Previously Written Off Recovery
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CY2021Q4 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 us-gaap Furniture And Fixtures Gross
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23071000
CY2021Q4 us-gaap Buildings And Improvements Gross
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9163000
CY2020Q4 us-gaap Buildings And Improvements Gross
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8485000
CY2021Q4 prdo Library Materials Gross
LibraryMaterialsGross
24000
CY2020Q4 prdo Library Materials Gross
LibraryMaterialsGross
24000
CY2021Q4 prdo Vehicles Gross
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55000
CY2020Q4 prdo Vehicles Gross
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56000
CY2020 us-gaap Contract With Customer Asset Allowance For Credit Loss Writeoff
ContractWithCustomerAssetAllowanceForCreditLossWriteoff
40053000
CY2019 us-gaap Contract With Customer Asset Allowance For Credit Loss Writeoff
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38921000
CY2021Q4 us-gaap Construction In Progress Gross
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3189000
CY2020Q4 us-gaap Construction In Progress Gross
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823000
CY2021Q4 us-gaap Property Plant And Equipment Gross
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142066000
CY2020Q4 us-gaap Property Plant And Equipment Gross
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129141000
CY2021Q4 prdo Computer Hardware And Software Gross
ComputerHardwareAndSoftwareGross
45482000
CY2020Q4 prdo Computer Hardware And Software Gross
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40587000
CY2021Q4 us-gaap Leasehold Improvements Gross
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60520000
CY2020Q4 us-gaap Leasehold Improvements Gross
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56095000
CY2021Q4 us-gaap Furniture And Fixtures Gross
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23633000
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113711000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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101380000
CY2021Q4 us-gaap Property Plant And Equipment Net
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28355000
CY2020Q4 us-gaap Property Plant And Equipment Net
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27761000
CY2021 us-gaap Depreciation
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CY2020 us-gaap Depreciation
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12000000.0
CY2019 us-gaap Depreciation
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9100000
CY2021 prdo Operating Lease Expiration Date
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CY2021 prdo Fixed Operating Lease Expenses
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11442000
CY2020 prdo Fixed Operating Lease Expenses
FixedOperatingLeaseExpenses
12379000
CY2019 prdo Fixed Operating Lease Expenses
FixedOperatingLeaseExpenses
12869000
CY2021 prdo Variable Operating Lease Expenses
VariableOperatingLeaseExpenses
3173000
CY2020 prdo Variable Operating Lease Expenses
VariableOperatingLeaseExpenses
6389000
CY2019 prdo Variable Operating Lease Expenses
VariableOperatingLeaseExpenses
8534000
CY2021 us-gaap Sublease Income
SubleaseIncome
1359000
CY2020 us-gaap Sublease Income
SubleaseIncome
2347000
CY2019 us-gaap Sublease Income
SubleaseIncome
4179000
CY2021 us-gaap Lease Cost
LeaseCost
13256000
CY2020 us-gaap Lease Cost
LeaseCost
16421000
CY2019 us-gaap Lease Cost
LeaseCost
17224000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
18390000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
23577000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
32827000
CY2021 prdo Operating Cash Flows From Subleases
OperatingCashFlowsFromSubleases
1430000
CY2020 prdo Operating Cash Flows From Subleases
OperatingCashFlowsFromSubleases
2254000
CY2019 prdo Operating Cash Flows From Subleases
OperatingCashFlowsFromSubleases
4351000
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2021 prdo Number Of Subleases
NumberOfSubleases
1
CY2021 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2023-05-30
CY2021Q4 prdo Future Minimum Sublease Rentals Under Operating Leases Within One Year
FutureMinimumSubleaseRentalsUnderOperatingLeasesWithinOneYear
685000
CY2021Q4 prdo Future Minimum Sublease Rentals Under Operating Leases Within Two Years
FutureMinimumSubleaseRentalsUnderOperatingLeasesWithinTwoYears
330000
CY2021Q4 prdo Future Minimum Sublease Rentals Under Operating Leases
FutureMinimumSubleaseRentalsUnderOperatingLeases
1015000
CY2021 prdo Number Of Leases Related To Ongoing Operations
NumberOfLeasesRelatedToOngoingOperations
12
CY2021Q4 us-gaap Goodwill
Goodwill
162600000
CY2020Q4 us-gaap Goodwill
Goodwill
118300000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15331000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
21674000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
20366000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24308000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11800000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-4178000
CY2020Q4 us-gaap Goodwill
Goodwill
118312000
CY2019Q4 us-gaap Goodwill
Goodwill
87356000
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
44267000
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
30956000
CY2021Q4 us-gaap Goodwill
Goodwill
162579000
CY2020Q4 us-gaap Goodwill
Goodwill
118312000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
32970000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-8662000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7622000
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
7900000
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
7900000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
32208000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
15522000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4500000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2800000
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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125000000.0
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
149100000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
146800000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
93000000.0
CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
19143000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4956000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2110000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
754000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
24099000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2110000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
754000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
13389000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
15425000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
19230000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1942000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4941000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2444000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39430000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22476000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22428000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.026
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.027
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.027
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.010
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
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.013
CY2021 prdo Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Capital Loss
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-0.021
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.021
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.109
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal
-0.005
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.003
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.001
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.021
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.029
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.023
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.264
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.153
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1600000
CY2021 prdo Favorable Adjustment Related To Federal And State Credits Claimed
FavorableAdjustmentRelatedToFederalAndStateCreditsClaimed
500000
CY2021 prdo Effective Income Tax Rate Reconciliation Favorable Adjustment Related To Federal And State Credits Claimed
EffectiveIncomeTaxRateReconciliationFavorableAdjustmentRelatedToFederalAndStateCreditsClaimed
0.003
CY2021 prdo Favorable Adjustment Related To Capital Loss Incurred For Tax Purpose
FavorableAdjustmentRelatedToCapitalLossIncurredForTaxPurpose
3100000
CY2021 prdo Effective Income Tax Rate Favorable Adjustment Related To Capital Loss Incurred For Tax Purpose
EffectiveIncomeTaxRateFavorableAdjustmentRelatedToCapitalLossIncurredForTaxPurpose
0.021
CY2020Q4 prdo Deferred Tax Assets Tax Credit Carryforwards Foreign Favorable Adjustment Related To Release Of Valuation Allowance
DeferredTaxAssetsTaxCreditCarryforwardsForeignFavorableAdjustmentRelatedToReleaseOfValuationAllowance
16000000.0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
-0.109
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
400000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.003
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1200000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.013
CY2019 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
29700000
CY2020Q4 prdo Unrecognized Tax Benefits Before Interest And Penalties
UnrecognizedTaxBenefitsBeforeInterestAndPenalties
11794000
CY2019Q4 prdo Unrecognized Tax Benefits Before Interest And Penalties
UnrecognizedTaxBenefitsBeforeInterestAndPenalties
9859000
CY2018Q4 prdo Unrecognized Tax Benefits Before Interest And Penalties
UnrecognizedTaxBenefitsBeforeInterestAndPenalties
9009000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
941000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4250000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2954000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1957000
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
51000
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
58000
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1034000
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
968000
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1049000
CY2021Q4 prdo Unrecognized Tax Benefits Before Interest And Penalties
UnrecognizedTaxBenefitsBeforeInterestAndPenalties
15951000
CY2020Q4 prdo Unrecognized Tax Benefits Before Interest And Penalties
UnrecognizedTaxBenefitsBeforeInterestAndPenalties
11794000
CY2019Q4 prdo Unrecognized Tax Benefits Before Interest And Penalties
UnrecognizedTaxBenefitsBeforeInterestAndPenalties
9859000
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
2020000
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1919000
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1901000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17971000
CY2021Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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14800000
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2000000.0
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1900000
CY2021 us-gaap Significant Change In Unrecognized Tax Benefits Nature Of Event
SignificantChangeInUnrecognizedTaxBenefitsNatureOfEvent
Due to the expiration of various statutes of limitations
CY2021Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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0
CY2021Q4 us-gaap Increase In Unrecognized Tax Benefits Is Reasonably Possible
IncreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
1600000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13713000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11760000
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
14200000
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
10800000
CY2021Q4 us-gaap Liability For Uncertain Tax Positions Current
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1200000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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11012000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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13028000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
16958000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
27321000
CY2021Q4 prdo Deferred Tax Assets Valuation Allowance Foreign Tax Credits
DeferredTaxAssetsValuationAllowanceForeignTaxCredits
16958000
CY2020Q4 prdo Deferred Tax Assets Valuation Allowance Foreign Tax Credits
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16958000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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6371000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
7054000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
17832000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
19183000
CY2021Q4 prdo Deferred Tax Assets Valuation Allowance Net Operating Loss Carryforwards
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12090000
CY2020Q4 prdo Deferred Tax Assets Valuation Allowance Net Operating Loss Carryforwards
DeferredTaxAssetsValuationAllowanceNetOperatingLossCarryforwards
12069000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
5721000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
5363000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
199000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
203000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
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343000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsRestructuringCharges
353000
CY2021Q4 prdo Deferred Tax Assets Non Affiliate Investments
DeferredTaxAssetsNonAffiliateInvestments
401000
CY2020Q4 prdo Deferred Tax Assets Non Affiliate Investments
DeferredTaxAssetsNonAffiliateInvestments
406000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
DeferredTaxAssetsTaxCreditCarryforwardsGeneralBusiness
1620000
CY2021Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
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3130000
CY2021Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
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3130000
CY2021Q4 prdo Deferred Tax Assets Amortization
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3486000
CY2020Q4 prdo Deferred Tax Assets Amortization
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5656000
CY2021Q4 prdo Deferred Tax Assets Depreciation
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851000
CY2021Q4 us-gaap Deferred Tax Assets Other
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1587000
CY2020Q4 us-gaap Deferred Tax Assets Other
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1388000
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
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35713000
CY2020Q4 us-gaap Deferred Tax Assets Deferred Income
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52548000
CY2020Q4 prdo Deferred Tax Liabilities Depreciation
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111000
CY2021Q4 prdo Deferred Tax Liabilities Right Of Use Asset Net
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9244000
CY2020Q4 prdo Deferred Tax Liabilities Right Of Use Asset Net
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10611000
CY2021Q4 us-gaap Deferred Tax Liabilities Other
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1355000
CY2020Q4 us-gaap Deferred Tax Liabilities Other
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1475000
CY2021Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
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10599000
CY2020Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
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12197000
CY2021Q4 us-gaap Deferred Income Tax Assets Net
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25114000
CY2020Q4 us-gaap Deferred Income Tax Assets Net
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40351000
CY2021Q4 us-gaap Deferred Tax Assets Gross
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179200000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
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44700000
CY2020Q4 us-gaap Deferred Tax Assets Gross
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194400000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
51500000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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17000000.0
CY2020Q4 prdo Deferred Tax Assets Valuation Allowance Related To Foreign Tax Credits State Net Operating Loss And Capital Loss
DeferredTaxAssetsValuationAllowanceRelatedToForeignTaxCreditsStateNetOperatingLossAndCapitalLoss
29000000.0
CY2021Q3 prdo Deferred Tax Assets Valuation Allowance Related To Foreign Tax Credits State Net Operating Loss And Capital Loss
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29000000.0
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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3100000
CY2021Q4 prdo Deferred Tax Assets Valuation Allowance Related To Foreign Tax Credits State Net Operating Loss And Capital Loss
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32200000
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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13000000.0
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
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P4Y
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9.59
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8017
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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15.39
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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156144
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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41958
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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21.29
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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258621
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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5.76
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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2902000
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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5.18
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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7615000
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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22.99
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CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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9.32
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8719
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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11.79
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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161512
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
30.25
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1227074
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.07
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
103407
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.31
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
725000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
128576
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
22.01
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
995091
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.02
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3823000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
929700
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.68
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3823000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
995091
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.02
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
929700
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.68
CY2021 prdo Restricted Stock Units To Be Settled In Shares Exercisable In Percentage
RestrictedStockUnitsToBeSettledInSharesExercisableInPercentage
0.25
CY2021Q4 prdo Share Based Compensation Arrangement By Share Based Payment Award Deferred Stock Units Unreleased Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardDeferredStockUnitsUnreleasedNumber
73000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14959000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13121000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11560000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.626
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70881000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71265000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72085000
CY2021 prdo Share Based Compensation Arrangement By Share Based Payment Award Options Awarded In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAwardedInPeriod
0
CY2020 prdo Share Based Compensation Arrangement By Share Based Payment Award Options Awarded In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAwardedInPeriod
0
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000.0
CY2021Q4 prdo Extended Expiration Date Of Program
ExtendedExpirationDateOfProgram
2022-02-28
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2300000
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
25300000
CY2021 prdo Stock Repurchased During Period Value Weighted Average Price
StockRepurchasedDuringPeriodValueWeightedAveragePrice
10.94
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1300000
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
17900000
CY2020 prdo Stock Repurchased During Period Value Weighted Average Price
StockRepurchasedDuringPeriodValueWeightedAveragePrice
13.53
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
2900000
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000.0
CY2022Q1 prdo Expiration Date
ExpirationDate
2023-09-30
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70024000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69414000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70088000
CY2021 prdo Common Stock Equivalents
CommonStockEquivalents
857000
CY2020 prdo Common Stock Equivalents
CommonStockEquivalents
1851000
CY2019 prdo Common Stock Equivalents
CommonStockEquivalents
1997000
CY2021 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
10453000
CY2021Q4 us-gaap Assets
Assets
847433000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
687314000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
142934000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
For employees hired on or after January 1, 2020, the participant is 100% vested in the company’s matching contribution after two years of service. Employees hired before January 1, 2020 are fully vested in the company’s matching contribution
CY2021 prdo Employer Vested To Defined Contribution Retirement Saving Plan Percentage
EmployerVestedToDefinedContributionRetirementSavingPlanPercentage
1
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3000000.0
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3000000.0
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2600000
CY2021 prdo Share Based Compensation Arrangement By Shares Based Payment Awards Market Price Offering Rate From Market Price Offering Date
ShareBasedCompensationArrangementBySharesBasedPaymentAwardsMarketPriceOfferingRateFromMarketPriceOfferingDate
0.95
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate
0.10
CY2021 prdo Maximum Salary Of Employee Allowed To Purchase Shares Under Purchase Plan
MaximumSalaryOfEmployeeAllowedToPurchaseSharesUnderPurchasePlan
25000
CY2021 prdo Share Based Compensation Arrangement By Share Based Payment Award Cumulative Shares Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardCumulativeSharesIssued
3400000
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
693034000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
149016000
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16766000
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
14786000
CY2020 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
9768000
CY2020Q4 us-gaap Assets
Assets
721517000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
627704000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
86462000
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
9145000
CY2019 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
5174000

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