XML 65 R55.htm IDEA: XBRL DOCUMENT
v3.22.2

Subsequent Events - Additional Information (Details) - USD ($) |  |  | 1 Months Ended | 6 Months Ended
--- | --- | --- | --- | ---
Jul. 22, 2022 | May 04, 2022 | May 31, 2022 | Jun. 30, 2022
2017 Term Credit Agreement [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Agreement termination date |  |  |  | May 04, 2022
2022 Revolving Credit Agreement [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 250,000,000.0 |  |
Additional credit facility capacity, subject to certain conditions |  | $ 100,000,000.0 |  |
Line of credit facility, maturity date |  | May 04, 2027 |  | May 04, 2027
Quarterly commitment fee |  | 0.20% |  |
Line of credit |  | $ 29,000,000.0 |  | $ 29,000,000
Agreement termination date |  | Jul. 29, 2022 |  |
Line of credit facility increase in rate of interest in event of default |  | 2.00% |  |
2022 Revolving Credit Agreement [Member] | Federal Funds Rate Plus [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Debt instrument basis spread on variable rate |  | 0.50% |  |
2022 Revolving Credit Agreement [Member] | Swingline Loans [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 25,000,000.0 |  |
2022 Revolving Credit Agreement [Member] | Letters of Credit [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 2,500,000 |  |
Restricted Stock [Member] | LTIP [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Restricted shares of common stock issued |  |  |  | 404,250
Restricted Stock [Member] | LTIP [Member] | Time-Based Shares [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Restricted shares of common stock issued |  |  |  | 344,747
Restricted Stock [Member] | LTIP [Member] | Non Employee Members[Member] | Time-Based Shares [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Restricted shares of common stock issued |  |  | 5,210 |
Subsequent Event [Member] | 2022 Term Loan Facility [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Number of draws made | ten |  |  |
Subsequent Event [Member] | 2022 Term Loan Facility [Member] | Year One [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Percentage of aggregate annual amount | 7.50% |  |  |
Subsequent Event [Member] | 2022 Term Loan Facility [Member] | Year Two [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Percentage of aggregate annual amount | 7.50% |  |  |
Subsequent Event [Member] | 2022 Term Loan Facility [Member] | Thereafter [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Percentage of aggregate annual amount | 10.00% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Line of credit facility, maximum borrowing capacity | $ 650,000,000.0 |  |  |
Additional credit facility capacity, subject to certain conditions | $ 500,000,000.0 |  |  |
Line of credit facility, maturity date | Jul. 29, 2027 |  |  |
Debt instrument basis spread on variable rate | 1.25% |  |  |
Line of credit | $ 29,000,000.0 |  |  |
Line of credit facility increase in rate of interest in event of default | 2.00% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | Leverage Ratio Is Less Than 1.0 To 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Quarterly commitment fee | 0.20% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | Leverage Ratio Is Greater Than Or Equal to 1.0 To 1.0 But Less Than 2.0 to 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Quarterly commitment fee | 0.225% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | Leverage Ratio Is Greater Than Or Equal to 2.0 To 1.0 But Less Than 3.0 to 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Quarterly commitment fee | 0.25% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | Leverage Ratio Is Greater Than Or Equal to 3.0 To 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Quarterly commitment fee | 0.275% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | 2017 Term Credit Agreement [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Agreement termination date | Jul. 29, 2022 |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | SOFR Rate Plus [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Debt instrument basis spread on variable rate | 0.10% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | SOFR Rate Plus [Member] | Leverage Ratio Is Less Than 1.0 To 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Borrowings basis spread on variable rate | 1.25% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | SOFR Rate Plus [Member] | Leverage Ratio Is Greater Than Or Equal to 1.0 To 1.0 But Less Than 2.0 to 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Borrowings basis spread on variable rate | 1.50% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | SOFR Rate Plus [Member] | Leverage Ratio Is Greater Than Or Equal to 2.0 To 1.0 But Less Than 3.0 to 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Borrowings basis spread on variable rate | 1.75% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | SOFR Rate Plus [Member] | Leverage Ratio Is Greater Than Or Equal to 3.0 To 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Borrowings basis spread on variable rate | 2.00% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | Federal Funds Rate Plus [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Debt instrument basis spread on variable rate | 0.50% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | SOFR Rate Plus One [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Debt instrument basis spread on variable rate | 1.00% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | ABR Loans [Member] | Leverage Ratio Is Less Than 1.0 To 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Debt instrument basis spread on variable rate | 0.25% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | ABR Loans [Member] | Leverage Ratio Is Greater Than Or Equal to 1.0 To 1.0 But Less Than 2.0 to 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Debt instrument basis spread on variable rate | 0.50% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | ABR Loans [Member] | Leverage Ratio Is Greater Than Or Equal to 2.0 To 1.0 But Less Than 3.0 to 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Debt instrument basis spread on variable rate | 0.75% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | ABR Loans [Member] | Leverage Ratio Is Greater Than Or Equal to 3.0 To 1.0 [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Debt instrument basis spread on variable rate | 1.00% |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | Swingline Loans [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Line of credit facility, maximum borrowing capacity | $ 25,000,000.0 |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | Letters of Credit [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Line of credit facility, maximum borrowing capacity | 6,500,000 |  |  |
Subsequent Event [Member] | 2022 Revolving Credit Agreement [Member] | 2022 Term Loan Facility [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Line of credit facility, maximum borrowing capacity | $ 750,000,000.0 |  |  |
Subsequent Event [Member] | Restricted Stock [Member] | LTIP [Member] | Non Employee Members[Member] | Time-Based Shares [Member] |  |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] |  |  |  |
Restricted shares of common stock issued | 16,287 |  |  |

X
- Definition Credit agreement termination date. + References No definition available. + Details
Name: | payc_CreditAgreementTerminationDate
Namespace Prefix: | payc_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Additional credit facility capacity, subject to certain conditions. + References No definition available. + Details
Name: | payc_LineOfCreditFacilityAdditionalCreditFacilityCapacitySubjectToCertainConditions
Namespace Prefix: | payc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line of credit facility increase in rate of interest in event of default. + References No definition available. + Details
Name: | payc_LineOfCreditFacilityIncreaseInRateOfInterestInEventOfDefault
Namespace Prefix: | payc_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of principal amount of debt redeemed. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Date the credit facility terminates, in YYYY-MM-DD format. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityExpirationDate1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Describes when borrowings outstanding under a line of credit will convert to a term loan, and describes the repayment terms, collateral, and priority (seniority) of the term loan. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRevolvingCreditConversionToTermLoanDescription
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage added to reference rate used to compute variable rate on loan receivable. + References No definition available. + Details
Name: | us-gaap_LoansReceivableBasisSpreadOnVariableRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. + References No definition available. + Details
Name: | us-gaap_SubsequentEventLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=payc_SeniorSecuredTermCreditAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=payc_TwoThousandAndTwentyTwoRevolvingCreditAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_FederalFundsEffectiveSwapRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=us-gaap_BridgeLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=us-gaap_LetterOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=payc_LongTermIncentivePlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VestingAxis=payc_TimeBasedVestingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_TitleOfIndividualAxis=payc_NonEmployeeMembersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=payc_TwoThousandTwentyTwoTermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=us-gaap_DebtInstrumentRedemptionPeriodOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=us-gaap_DebtInstrumentRedemptionPeriodTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=payc_DebtInstrumentRedemptionPeriodAfterYearTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=payc_LeverageRatioIsLessThanOnePointZeroToOnePointZeroMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=payc_LeverageRatioIsGreaterThanOrEqualToOnePointZeroToOnePointZeroButLessThanTwoPointZeroToOnePointZeroMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=payc_LeverageRatioIsGreaterThanOrEqualToTwoPontZeroToOnePointZeroButLessThanThreePointZeroToOnePointZeroMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=payc_LeverageRatioIsGreaterThanOrEqualToThreePointZeroToOnePointZeroMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=payc_SOFRPlusMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=payc_SOFRPlusOneMonthInterestPeriodMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=payc_ABRLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |